MeritValue

HAIN CELESTIAL GROUP INC

HAINdata completeness 88%17 fiscal years on file

Data notes: no data for concept 'capex'

The thesis, from the filings

HAIN CELESTIAL GROUP INC earns about -9% on invested capital, and has bought back 11% of its shares over 5 years. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$1.97B1$1.89B2$1.8B3$1.74B3$1.56B3
Net income$77.4M4$77.9M5−$116.5M6−$75M6−$530.8M6
Operating cash flow$196.8M7$80.2M8$66.8M9$116.4M9$22.1M9
Capital expenditure—————
Free cash flow (derived)—————
Total debt$462M10$1.78B11$1.66B11$745.8M12$706.7M13
Cash & equivalents$75.9M14$65.5M15$53.4M16$54.3M17$54.4M17
Diluted shares101.3M93.3M89.4M89.8M90.1M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$52.7
your share of equity
Profit it earned you last year
−$58.9
Free cash flow it threw off
—
Debt you’d be carrying
$78.41

10 shares is a claim on $52.7 of net worth that earned you −$58.9 last year, against $78.41 of debt.

iii. Is this a good business?
Moat signal · return on invested capital
-9% avg · 5y
FY21 3%FY22 3%FY23 -5%FY24 -7%FY25 -39%

It earned an average -9% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−11% shares · 5y

Share count is down 11% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 53% over the same window.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-06-30 · accession 0000910406-23-000053 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-06-30 · accession 0000950170-24-100992 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-06-30 · accession 0001193125-25-203534 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-06-30 · accession 0000910406-23-000053 (NetIncomeLoss)
  5. 10-K · period ending 2022-06-30 · accession 0000950170-24-100992 (NetIncomeLoss)
  6. 10-K · period ending 2023-06-30 · accession 0001193125-25-203534 (NetIncomeLoss)
  7. 10-K · period ending 2021-06-30 · accession 0000910406-23-000053 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-06-30 · accession 0000950170-24-100992 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-06-30 · accession 0001193125-25-203534 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-06-30 · accession 0000910406-22-000056 (LongTermDebtNoncurrent)
  11. 10-K · period ending 2022-06-30 · accession 0000910406-23-000053 (LongTermDebtNoncurrent)
  12. 10-K · period ending 2024-06-30 · accession 0000950170-24-100992 (LongTermDebt)
  13. 10-K · period ending 2025-06-30 · accession 0001193125-25-203534 (LongTermDebt)
  14. 10-K · period ending 2021-06-30 · accession 0000910406-22-000056 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2022-06-30 · accession 0000910406-23-000053 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2023-06-30 · accession 0000950170-24-100992 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2024-06-30 · accession 0001193125-25-203534 (CashAndCashEquivalentsAtCarryingValue)