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HNNAHennessy Advisors, Inc.
$10.37$82M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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HNNA logo

Hennessy Advisors, Inc.

HNNA
NASDAQ · Asset Management
$10.37
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$82M
P/E8.2x
52W High$11.19
Volume2.18K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Operational Efficiency Offsets Stagnant Organic Revenue Growth

Hennessy Advisors maintains a fortress balance sheet with $73.1M in cash, providing significant optionality for its acquisition-led growth strategy in the fragmented mutual fund sector. While the firm has successfully expanded gross margins to 82.7% as of 2026...

GrowthMixed
ProfitabilityStrong
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

HNNA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

0/12 Beats

EPS beat 0 of last 12 quarters

02

Valuation risk

-49% Peers

P/E is 49% below peer median

03

Market leadership

RS 62 · Avg

Average momentum (RS Rating: 62)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HNNA+12.24%
S&P 500 (^GSPC)+12.39%
1-Year Return
HNNA+3.76%
S&P 500 (^GSPC)+15.77%
3-Year Return
HNNA+79.69%
S&P 500 (^GSPC)+78.98%
5-Year Return
HNNA+36.21%
S&P 500 (^GSPC)+73.70%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
8.2x
Forward P/E
N/A
EV/EBITDA20th %ile
3.7x
FCF YieldCash Flow
16.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
8.2x
10.6x
0th· Low
EV/EBITDA
3.7x
4.6x
20th· Low
Price/FCF
6.1x
7.3x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$33M+21.5% YoY
Net income
$10M+40.3% YoY
Free cash flow
$13M+49.0% YoY
Operating margin
37%+7.1 pts YoY
ROIC (TTM)7.3%
Avg ROIC 5Y-
ROE (TTM)10.5%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate0/12 (0%)
Revenue Beat Rate0/12 (0%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.25-32.4%
vs $0.37
$8M-15.8%
vs $10M
Q2 2026
May 6, 2026
$0.24-27.3%
vs $0.33
$8M-15.4%
vs $10M
Q1 2026
Feb 5, 2026
$0.24-27.3%
vs $0.33
$8M-13.5%
vs $10M
Q4 2025
Dec 3, 2025
$0.31-6.1%
vs $0.33
$9M-11.6%
vs $10M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
04

Compare before deciding

Benchmark HNNA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Hennessy Advisors, Inc. (HNNA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HNNA logoHNNAHennessy Advisors, Inc.Current
$10.37$81.95M8.1721.46%28.03%10.54%5.18%
GROW logoGROWU.S. Global Investors, Inc.
$2.97$37.66M-118.80-23.04%36.31%6.74%—
DHIL logoDHILDiamond Hill Investment Group, Inc.
$174.99$473.29M9.774.48%30.89%27.03%—
SAMG logoSAMGSilvercrest Asset Management Group Inc.
$9.80$75.28M17.501.35%0.96%1.43%—
VRTS logoVRTSVirtus Investment Partners, Inc.
$128.00$855.31M6.41-7.13%15.72%11.02%—
AMG logoAMGAffiliated Managers Group, Inc.
$366.17$9.67B16.1021.05%33.86%19.67%—

Compare HNNA vs Peers

Hennessy Advisors, Inc. (HNNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GROW

Most directly comparable listed peer for HNNA.

Scale Benchmark

vs BLK

Larger-name benchmark to compare HNNA against a more recognizable public peer.

Peer Set

Compare Top 5

vs GROW, DHIL, SAMG, VRTS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HNNA SEC Filings & Documents

Hennessy Advisors, Inc. (HNNA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

May 28, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

4
FY 2025

Dec 3, 2025·SEC

FY 2024

Dec 11, 2024·SEC

FY 2023

Dec 7, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2026

Feb 5, 2026·SEC

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HNNA Frequently Asked Questions

Hennessy Advisors, Inc. (HNNA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Hennessy Advisors, Inc. growing?

Hennessy Advisors, Inc. (HNNA) grew revenue by 21.5% over the past year. This is strong growth.

Is HNNA profitable?

Yes, Hennessy Advisors, Inc. (HNNA) is profitable, generating $8.3M in net income for fiscal year 2025 (28.0% net margin).

Dividend & Returns
Does HNNA pay dividends?

Yes, Hennessy Advisors, Inc. (HNNA) pays a dividend with a yield of 5.18%. This makes it attractive for income-focused investors.

What is HNNA's return on equity?

Hennessy Advisors, Inc. (HNNA) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

Industry Metrics
What is Hennessy Advisors, Inc.'s net interest margin?

Hennessy Advisors, Inc. (HNNA) has a net interest margin (NIM) of 0.3%. NIM has been under pressure due to interest rate environment.

What is Hennessy Advisors, Inc.'s efficiency ratio?

Hennessy Advisors, Inc. (HNNA) has an efficiency ratio of 33.1%. This is excellent, indicating strong cost control.

What if you invested $1,000 in HNNA back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →