Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Director Gyrid Ingero was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Gyrid Ingero was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 26
Höegh Autoliners ASA, Annual General Meeting, May 27, 2026 Höegh Autoliners ASA, Annual General Meeting, May 27, 2026. Declared Dividend • Aug 25
Second quarter dividend of kr7.31 announced Shareholders will receive a dividend of kr7.31. Ex-date: 1st September 2025 Payment date: 9th September 2025 Dividend yield will be 101%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (379% cash payout ratio). The dividend has increased by an average of 111% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. However, EPS is expected to decline by 57% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Aug 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 22% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risks High level of debt (52% net debt to equity). Dividend is not well covered by cash flows (379% cash payout ratio). Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: US$0.65 (vs US$0.91 in 2Q 2024) Second quarter 2025 results: EPS: US$0.65 (down from US$0.91 in 2Q 2024). Revenue: US$367.4m (up 7.7% from 2Q 2024). Net income: US$123.1m (down 29% from 2Q 2024). Profit margin: 34% (down from 51% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 4.4% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 32% per year. Board Change • Aug 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Gyrid Ingero was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Gyrid Ingero was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Dec 13
Höegh Autoliners ASA to Report Fiscal Year 2024 Final Results on Apr 25, 2025 Höegh Autoliners ASA announced that they will report fiscal year 2024 final results at 7:30 AM, Central European Standard Time on Apr 25, 2025 공시 • Dec 11
Höegh Autoliners ASA, Annual General Meeting, May 27, 2025 Höegh Autoliners ASA, Annual General Meeting, May 27, 2025. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$1.01 (vs US$0.75 in 3Q 2023) Third quarter 2024 results: EPS: US$1.01 (up from US$0.75 in 3Q 2023). Revenue: US$349.1m (down 1.6% from 3Q 2023). Net income: US$192.6m (up 36% from 3Q 2023). Profit margin: 55% (up from 40% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Shipping industry in Europe. 공시 • Sep 20
Emanuele Grimaldi acquired an additional minority stake in Höegh Autoliners ASA (OB:HAUTO). Emanuele Grimaldi acquired an additional minority stake in Höegh Autoliners ASA (OB:HAUTO) on September 20, 2024.
Emanuele Grimaldi completed the acquisition of an additional minority stake in Höegh Autoliners ASA (OB:HAUTO) on September 20, 2024. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €12.01, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 137% over the past year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.91 (vs US$0.70 in 2Q 2023) Second quarter 2024 results: EPS: US$0.91 (up from US$0.70 in 2Q 2023). Revenue: US$341.2m (down 4.1% from 2Q 2023). Net income: US$173.6m (up 31% from 2Q 2023). Profit margin: 51% (up from 37% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €10.81, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 161% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €20.91 per share. Declared Dividend • Apr 28
First quarter dividend of kr6.28 announced Shareholders will receive a dividend of kr6.28. Ex-date: 29th April 2024 Payment date: 8th May 2024 Dividend yield will be 96%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 202% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. However, EPS is expected to decline by 21% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.60 (vs US$0.61 in 1Q 2023) First quarter 2024 results: EPS: US$0.60 (down from US$0.61 in 1Q 2023). Revenue: US$328.2m (down 7.2% from 1Q 2023). Net income: US$115.1m (down 1.8% from 1Q 2023). Profit margin: 35% (up from 33% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Shipping industry in Europe. Upcoming Dividend • Feb 14
Upcoming dividend of kr19.92 per share at 23% yield Eligible shareholders must have bought the stock before 21 February 2024. Payment date: 05 March 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 23%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (17%). Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: US$3.09 (vs US$1.57 in FY 2022) Full year 2023 results: EPS: US$3.09 (up from US$1.57 in FY 2022). Revenue: US$1.45b (up 14% from FY 2022). Net income: US$589.6m (up 98% from FY 2022). Profit margin: 41% (up from 24% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €10.90, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 145% over the past year. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Gyrid Ingero was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Jan 23
Höegh Autoliners ASA Appoints Mirjam Peters as Chief Customer Sustainability Officer and Member of Executive Leadership Team, Effective 1 May 2024 Höegh Autoliners ASA announced that Dr. Mirjam Peters will take on a new role as Chief Customer Sustainability Officer (CCSO) from 1 May 2024. Mirjam will be part of the Executive leadership team and will be based in the company’s office in Germany. Mirjam’s experience and passion for sustainability will provide an additional avenue for value creation for the company's customers. Mirjam comes from Continental AG in the automotive supplier business and has held various positions within technology development, R&D and more recently focussing on the development and execution of their global sustainability strategy. Mirjam is a studied natural scientist, with emphasis on sustainability research ever since. After her PhD graduation she started her career at Continental AG in the automotive supplier business. She was holding several positions in the Tire Sector including international assignments in South Africa and China in technology development, R&D and OE. In her last position in Continental AG, she was responsible for the development and execution of the global sustainability strategy of the Industry Sector, reporting to the COO and CEO. Recent Insider Transactions • Nov 12
Chief Executive Officer recently sold €4.5m worth of stock On the 8th of November, Andreas Enger sold around 620k shares on-market at roughly €7.19 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andreas has been a net seller over the last 12 months, reducing personal holdings by €4.4m. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: US$0.75 (vs US$0.48 in 3Q 2022) Third quarter 2023 results: EPS: US$0.75 (up from US$0.48 in 3Q 2022). Revenue: US$354.7m (up 7.7% from 3Q 2022). Net income: US$142.2m (up 55% from 3Q 2022). Profit margin: 40% (up from 28% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to fall by 2.3% p.a. on average during the next 3 years compared to a 5.7% decline forecast for the Shipping industry in Europe. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: US$0.70 (vs US$0.28 in 2Q 2022) Second quarter 2023 results: EPS: US$0.70 (up from US$0.28 in 2Q 2022). Revenue: US$355.8m (up 12% from 2Q 2022). Net income: US$132.9m (up 150% from 2Q 2022). Profit margin: 37% (up from 17% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 6.2% decline forecast for the Shipping industry in Europe. Recent Insider Transactions • May 25
Chief Executive Officer recently bought €63k worth of stock On the 24th of May, Andreas Enger bought around 12k shares on-market at roughly €5.23 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andreas' only on-market trade for the last 12 months. Buying Opportunity • Apr 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.8% per annum. Earnings is also forecast to decline by 9.4% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €4.79, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 71% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.23 per share. Buying Opportunity • Mar 16
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €6.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.8% per annum. Earnings is also forecast to decline by 9.4% per annum over the same time period. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$1.57 (vs US$0.92 in FY 2021) Full year 2022 results: EPS: US$1.57 (up from US$0.92 in FY 2021). Revenue: US$1.27b (up 34% from FY 2021). Net income: US$298.6m (up 139% from FY 2021). Profit margin: 24% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 16% share price gain to €5.93, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Upcoming Dividend • Nov 02
Upcoming dividend of kr1.08 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (12%). Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: US$0.48 (vs US$0.07 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.48 (up from US$0.07 loss in 3Q 2021). Revenue: US$329.3m (up 44% from 3Q 2021). Net income: US$91.9m (up US$101.0m from 3Q 2021). Profit margin: 28% (up from net loss in 3Q 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: US$0.28 (vs US$0.07 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.28 (up from US$0.07 loss in 2Q 2021). Revenue: US$318.5m (up 39% from 2Q 2021). Net income: US$53.2m (up US$62.3m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 50% compared to a 1.0% decline forecast for the Shipping industry in Germany. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 20% share price gain to €4.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 34% share price gain to €3.26, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €6.32 per share. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.19 (vs US$0.003 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.19 (up from US$0.003 loss in 1Q 2021). Revenue: US$266.3m (up 31% from 1Q 2021). Net income: US$35.6m (up US$36.0m from 1Q 2021). Profit margin: 13% (up from net loss in 1Q 2021). Over the next year, revenue is expected to shrink by 57% compared to a 11% growth forecast for the industry in Germany. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Deputy Chairman Morten Hoegh was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.92 (up from US$0.26 loss in FY 2020). Revenue: US$946.9m (up 28% from FY 2020). Net income: US$124.8m (up US$158.4m from FY 2020). Profit margin: 13% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 179%. Over the next year, revenue is expected to shrink by 54% compared to a 28% growth forecast for the industry in Germany.