Hawkins Inc (HWKN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hawkins Inc stock $66.41, price $151, that is 56.0% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $31.66 – $183.52 · fair‑value band $41.70 – $83.01 · the $150.95 price screens above the $66.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
Follow Hawkins in your weekly email
Every Wednesday you see whether Hawkins is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hawkins, Inc. operates as a water treatment and specialty ingredients company in the United States. The company operates through three segments: Water Treatment, Food and Health Sciences, and Industrial Solutions.
Show moreShow less
The Water Treatment segment provides chemicals, filtration media and systems, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water, and agricultural water.
This segment also sells and services equipment, including tanks, valves, and pumps.
The Food and Health Sciences segment provide ingredient distribution, processing, and formulation solutions, such as base chemistry, acid-based reactions, minerals, vitamins and amino acids, excipients, botanicals and herbs, sweeteners and enzymes, fertilizers, and food-grade and pharmaceutical salts and ingredients to nutrition, food, pharmaceutical, and agricultural markets.
The Industrial Solutions segment offers industrial chemicals, products, and services such as acids and alkalis, liquid caustic soda, sulfuric acid, hydrochloric acid, urea, phosphoric acid, aqua ammonia, and potassium hydroxide to industrial manufacturing, chemical processing, electronics, energy, plating, and surface finishing industries.
It also repackages water treatment chemicals and bulk industrial chemicals; and performs custom blending of chemicals. Hawkins, Inc. was founded in 1938 and is headquartered in Roseville, Minnesota.
Stock analysis
Hawkins Inc (HWKN) currently trades at $150.95, while our model-based Fair Value estimate is $66.41, 56% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $78.35 per share, and 0 of the 26 models we run sit above the $150.95 price.
Bear case: the Dividend Discount group reads lowest at $13.02, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $41.70 (bear) to $83.01 (bull), the price of $150.95 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hawkins Inc reported revenue of $1.1B in FY2026 versus $775M in FY2022, a compound +8.8%/yr. Reported net income was $81.5M in FY2026, compounding +12.2%/yr from FY2022.
Key figures
Market cap $3.1B Mid · P/E ratio 38.1 · P/S ratio 2.85 · EPS (TTM) $3.96 · Dividend yield 0.5% · Net margin 7.3% · Return on equity 15.6% · Return on assets (EBIT) 14.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −56%, HWKN screens richer than that median.
Fair Value models
Bear$41.70Fair Value $66.41Bull$83.01
Price $150.95 · Downside -56.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($1.96 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors bought shares worth $261,573, most recently on Aug 27, 2026. Buying cluster
BuyJeffrey P. OldenkampEXECUTIVE VP AND CFO1,290 shares at $119.00$153,510Aug 27, 2026
BuyDouglas A. LangeVP - WATER TREATMENT GROUP910 shares at $118.75$108,063Aug 25, 2026
BuyJames A FaulconbridgeDirector3,000 shares at $129.62$388,860Feb 5, 2026
Plus 15 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.7%
Start year 2021 (pandemic). Over 10 years: +10.1% a year
Revenue growth 41 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.2%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.2% vs 15.8%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 11%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +17.7% a year for the price and +4.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Local route delivery paired with technical support forms the main strength in water treatment, yet thin qualitative evidence leaves durable advantage unconfirmed.
Main risk: Acquisitions to expand reach could stretch resources thin and reduce efficiency in the local delivery and service model.
Hawkins is extending its water treatment reach with the recent Eagle Labs acquisition in the Dallas-Fort Worth area. The company builds its business on local route delivery combined with technical support for customers who need reliable chemistry and service. Our models currently see it as overvalued. Will these expansions strengthen its competitive edge enough to offset higher valuations or mainly stretch resources thin?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 728 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−56.0% · Below median
Profitability
Return on equity (12 months)15.6% · Top 25%
Return on assets8.1% · Top 25%
Net margin (12 months)7.3% · Above median
Operating margin (12 months)12.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.6% · Below median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.46× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)38.1× · Pricier than median
P/B5.90× · Priciest 25%
P/S (12 months)2.85× · Pricier than median
Price / free cash flow (fiscal year)36.6× · Pricier than median
EV/EBITDA20.3× · Priciest 25%
PEG2.69× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)38· sector 67
PAST (return on equity)62· sector 27
HEALTH (low debt)77· sector 95
DIVIDEND (yield)10· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hawkins Inc Fair Value". https://www.fairvalue-calculator.com/stock/HWKN
Frequently asked questions
Is Hawkins Inc (HWKN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $66.41 versus a price of $150.95, about 56% lower (overvalued).
What is the fair value of HWKN?
Our model-based fair value for Hawkins Inc is $66.41 (as of Nov 7, 2026), built from audited fundamentals. The current price: $150.95.
What is the quality score of HWKN?
Hawkins Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hawkins Inc (HWKN)?
Our model-based price target is the fair value of $66.41 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $41.70, optimistic scenario $83.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Hawkins Inc stock forecast for 2026?
Our models put fair value at $66.41, about 56% lower versus a price of $150.95 (overvalued). Cautious scenario $41.70, optimistic scenario $83.01. The calculation is refreshed regularly with new filings.
What is the revenue of Hawkins Inc (HWKN)?
Hawkins Inc reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Nov 7, 2026).
Does Hawkins Inc pay a dividend?
Hawkins Inc currently shows a dividend yield of 0.50% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hawkins Inc (HWKN) and when is the ex-dividend date?
Hawkins Inc pays a dividend of $0.76 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Aug 14, 2026. A dividend has been paid every year since at least 1985. The payout ratio is 19.2% of earnings. Free cash flow covers the dividend 5.43 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hawkins Inc (HWKN)?
For today's price to be fair in a discounted-cash-flow model, Hawkins Inc would have to grow free cash flow by +20.5 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of HWKN use?
Our models discount Hawkins Inc at 9.1 %: a base by market capitalisation (mid), damped by beta 0.74, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hawkins Inc that is +20.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Hawkins Inc (HWKN) delivered so far?
Over the past 5 years revenue at Hawkins Inc grew +12.7 % a year. The price currently implies free-cash-flow growth of +20.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hawkins Inc (HWKN) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Hawkins Inc (+20.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hawkins Inc (HWKN)?
The free-cash-flow yield on the price is 2.73 %: that much free cash flow Hawkins Inc produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hawkins Inc (HWKN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hawkins Inc it is $66.41 per share (as of Nov 7, 2026), against a price of $150.95. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hawkins Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, HWKN trades above its calculated fair value: price $150.95, fair value $66.41, a gap of about −56% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HWKN?
No. The price is what the market pays today ($150.95); the fair value is what the company's own numbers justify ($66.41). For Hawkins Inc the two are $84.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hawkins Inc worth?
The market values Hawkins Inc at about $3.1B (market capitalisation, as of Nov 7, 2026). Per share that is $150.95; our models calculate a fair value of $66.41 per share.
What do the bullish and bearish scenarios say about HWKN?
Our models span a range for Hawkins Inc: cautious scenario $41.70, base $66.41, optimistic $83.01 per share (as of Nov 7, 2026, price $150.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HWKN?
Hawkins Inc trades at a price-to-earnings ratio of 38.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $66.41 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings, FY2026 ex one-offs: 20.1. Other multiples: PEG 2.7, P/B 5.9, P/S 2.8, EV/EBITDA 20.3.
What is the PEG ratio of HWKN?
The PEG ratio of Hawkins Inc is 2.69 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hawkins Inc (HWKN)?
Balance-sheet figures for Hawkins Inc (as of Nov 7, 2026): return on equity 15.6%, debt of 0.46 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is HWKN from its 52-week high?
Hawkins Inc trades at $150.95, about 12% below its 52-week high of $171.21 and 28% above the low of $117.67 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $66.41 is for.
Which stocks are comparable to Hawkins Inc?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hawkins Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $150.95, calculated fair value $66.41 (−56%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HWKN calculated?
We run Hawkins Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $66.41 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Hawkins Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hawkins Inc (HWKN)?
The closing price on Nov 6, 2026 was $150.95. Our model-based fair value is $66.41, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hawkins Inc right now?
The price sits above even our optimistic bull case ($83.01). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($41.70 to $83.01) leaves room in how you read the outcome.
Where does the earnings growth of Hawkins Inc (HWKN) come from?
Earnings per share at Hawkins Inc grew +16.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.2 %, EBIT margin +4.1 %, tax rate +2.1 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hawkins Inc
How large is the market capitalisation of Hawkins Inc (HWKN)?
The market capitalisation of Hawkins Inc is $3.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hawkins Inc (HWKN)?
The price-to-sales ratio of Hawkins Inc is 2.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hawkins Inc (HWKN)?
Earnings per share at Hawkins Inc are $3.96 (price ÷ EPS = P/E 38.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hawkins Inc (HWKN)?
The dividend yield of Hawkins Inc is 0.5% (payout 19.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hawkins Inc (HWKN)?
The net margin of Hawkins Inc is 7.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hawkins Inc (HWKN)?
The return on equity (ROE) of Hawkins Inc is 15.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hawkins Inc (HWKN)?
On an EBIT basis the return on assets of Hawkins Inc is 14.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hawkins Inc (HWKN)?
The operating margin of Hawkins Inc is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hawkins Inc (HWKN)?
Revenue at Hawkins Inc is growing +7.6% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hawkins Inc (HWKN)?
Earnings per share at Hawkins Inc are growing −3.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hawkins Inc (HWKN) carry?
The net debt of Hawkins Inc is $258M (fiscal year 2026, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Hawkins Inc in the live analysis
One click puts Hawkins Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026