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Hawkins, Inc (HWKN) Fair Value & Analysis

Basic Materials · US · Market cap $2.9B

HI Hawkins, Inc logo Hawkins, Inc HWKN · US
Price$129.91
Fair Value$66.31
Upside-49.0%
Quality58/100
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Mixed Growth
Thin margins · 7.5% net margin
Low debt · generates free cash flow
0.56% dividend yield
Trails peers (5/15)
Moderate moat 53/100
Evidence: High Range $39.38 – $82.89 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from $66.43 to $66.31 (−0.2%) since Jun 24, 2026. Share price −1.8% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($82.89). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($39.38 to $82.89) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$183.81 $28.95 Fair Value $66.31 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range $28.95 – $183.81 · fair‑value band $39.38 – $82.89 · the $129.91 price screens above the $66.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Hawkins, Inc (HWKN) currently trades at $129.91, while our model-based Fair Value estimate is $66.31, implying the stock looks roughly 49.0% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Hawkins, Inc generated revenue of $1.1B at a net margin of 7.5%. Revenue declined 1.6% year over year. It earns a return on equity of 16.4%. Net debt stands at $258M. Fundamentals as of Jul 15, 2026

Our scenario range runs from $39.38 (bear case) to $82.89 (bull case); at $129.91, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -49%, HWKN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $36.54 $66.85 $113.85 80
Residual Income $25.31 $33.49 $95.74 76
Rev-Margin DCF $37.01 $70.68 $112.42 74
All 26 models by family
DCF Models
FCF DCF $36.59 $68.94 $120.50 38
Owner Earnings $30.87 $59.38 $104.80 31
5Y Revenue Exit $37.01 $71.29 $116.82 39
5Y EBITDA Exit $40.86 $78.94 $125.40 41
5Y P/E Exit $34.66 $66.61 $101.87 38
10Y Revenue Exit $34.80 $66.40 $112.61 36
10Y EBITDA Exit $38.83 $71.77 $119.40 37
10Y P/E Exit $34.87 $63.11 $100.79 35
Earnings-Based
Graham-Dodd $26.52 $108.01 $147.02 54
Lynch FV $27.06 $38.66 $50.25 50
PEG = 1.0 $27.06 $38.66 $50.25 46
EPV $26.49 $32.48 $37.66 59
Dividend Discount
Gordon GGM $6.58 $13.11 $19.86 70
DDM Multi-Stage $6.58 $11.33 $13.84 61
Multiples
P/E Multiple $49.73 $66.31 $82.89 63
P/S Multiple $49.73 $66.31 $82.89 58
P/B Multiple $49.73 $66.31 $82.89 55
EV/EBIT $46.33 $65.60 $84.88 53
EV/EBITDA $48.66 $68.71 $88.76 54
EV/Revenue $38.62 $60.10 $81.57 43
Asset-Based
NCAV (Graham) $12.77 $17.11 $25.54 50
Growth DCF
Growth DCF $36.54 $66.85 $113.85 80
Rev-Margin DCF $37.01 $70.68 $112.42 74
Economic Profit
Residual Income $25.31 $33.49 $95.74 76
ROIC Compounder $26.89 $38.28 $54.10 72
Growth Earnings
Growth-Adj P/E $41.73 $59.61 $77.50 68

Widest divergence: Growth DCF ($66.85) versus Dividend Discount ($11.33). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.1B
Revenue growth (YoY) -1.6%
Net margin 7.5%
Return on equity 16.4%
Free cash flow $86.1M FY2026
P/E ratio 34.2
More key figures
Operating margin 9.5%
EPS (TTM) $3.91
Dividend yield 0.6%
EPS growth (YoY) +8.2%
Net debt $258M FY2026

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 33

Profitability 55
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$1.1B
Latest YoY
+11.2%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+12.7%
Avg. growth/yr (41Y)
+9.1%
Revenue +8.8%/yr
FY22 $775M
FY23 $935M
FY24 $919M
FY25 $974M
FY26 $1.1B
Net income +12.2%/yr
FY22 $51.5M
FY23 $60.0M
FY24 $75.4M
FY25 $84.3M
FY26 $81.5M

HWKN screens 49% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Hawkins, Inc Fair Value". https://www.fairvalue-calculator.com/stock/HWKN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 676 stocks

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.

Quality Score 58 · Above median
Fair Value upside −49% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth -2% · Below median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 34.2× · Pricier than median
P/B 5.41× · Pricier than 75% of peers
P/S (TTM) 2.67× · Pricier than median
P/FCF 33.6× · Pricier than 75% of peers
EV/EBITDA 18.7× · Pricier than median
PEG 2.31× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 19
PAST 66 · sector 23
HEALTH 77 · sector 95
DIVIDEND 11 · sector 25

VALUE 0: the price sits above our fair-value range.

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Hawkins, Inc (HWKN) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $66.31 versus a price of $129.91, about −49% (overvalued).
What is the fair value of HWKN?
Our model-based fair value for Hawkins, Inc is $66.31 (as of Jul 15, 2026), built from audited fundamentals. The current price is $129.91.
What is the quality score of HWKN?
Hawkins, Inc has a Quality Score of 58/100. 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 revenue of Hawkins, Inc (HWKN)?
Hawkins, Inc reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of HWKN?
The net profit margin of Hawkins, Inc is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does Hawkins, Inc pay a dividend?
Hawkins, Inc currently shows a dividend yield of about 0.48% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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