Calculating The Intrinsic Value Of Himalaya Shipping Ltd. (OB:HSHP)
Nov 22
Norwegian (OSEAX) Marine Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies24
- 7D-1.8%
- 3M5.2%
- 1Y8.2%
- YTD6.1%
Over the last 7 days, the Marine industry has remained flat, although notably Belships gained 4.7%. The past year has been better, since the industry has gained 14% in that time. As for the next few years, earnings are expected to grow by 3.3% per annum.
Industry Valuation and Performance
Has the Norwegian Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | kr156.5b | kr188.1b | kr33.9b | 5.5x | 4.6x | 0.8x |
| Mon, 06 Nov 2023 | kr162.0b | kr191.4b | kr36.2b | 5x | 4.5x | 0.8x |
| Wed, 04 Oct 2023 | kr149.8b | kr189.3b | kr33.4b | 4.7x | 4.5x | 0.8x |
| Fri, 01 Sep 2023 | kr146.2b | kr186.9b | kr33.0b | 4.6x | 4.4x | 0.8x |
| Sun, 30 Jul 2023 | kr134.7b | kr181.7b | kr26.5b | 5.1x | 5.1x | 0.7x |
| Tue, 27 Jun 2023 | kr144.5b | kr189.7b | kr28.4b | 4.6x | 5.1x | 0.8x |
| Thu, 25 May 2023 | kr136.5b | kr193.3b | kr29.3b | 4.6x | 4.7x | 0.7x |
| Sat, 22 Apr 2023 | kr146.4b | kr185.7b | kr28.1b | 5.2x | 5.2x | 0.8x |
| Mon, 20 Mar 2023 | kr136.3b | kr186.5b | kr28.3b | 4.9x | 4.8x | 0.7x |
| Wed, 15 Feb 2023 | kr139.7b | kr175.1b | kr26.4b | 6.3x | 5.3x | 0.8x |
| Fri, 13 Jan 2023 | kr136.3b | kr170.8b | kr25.7b | 6.1x | 5.3x | 0.8x |
| Sun, 11 Dec 2022 | kr137.5b | kr171.4b | kr25.8b | 5.9x | 5.3x | 0.8x |
| Tue, 08 Nov 2022 | kr142.0b | kr175.5b | kr26.0b | 6x | 5.5x | 0.8x |
| Thu, 06 Oct 2022 | kr110.6b | kr170.4b | kr20.7b | 6.2x | 5.3x | 0.6x |
| Sat, 03 Sep 2022 | kr113.8b | kr162.1b | kr19.7b | 6.3x | 5.8x | 0.7x |
| Mon, 01 Aug 2022 | kr120.7b | kr149.6b | kr17.9b | 6.4x | 6.7x | 0.8x |
| Wed, 29 Jun 2022 | kr113.8b | kr150.3b | kr17.7b | 8.1x | 6.4x | 0.8x |
| Fri, 27 May 2022 | kr124.2b | kr144.9b | kr16.9b | 6.9x | 7.4x | 0.9x |
| Sun, 24 Apr 2022 | kr116.5b | kr128.4b | kr10.9b | 7.8x | 10.7x | 0.9x |
| Tue, 22 Mar 2022 | kr121.5b | kr126.8b | kr11.2b | 7.8x | 10.8x | 1x |
| Thu, 17 Feb 2022 | kr124.4b | kr105.2b | kr9.1b | 9.5x | 13.7x | 1.2x |
| Sat, 15 Jan 2022 | kr105.1b | kr101.5b | kr7.2b | 9.6x | 14.5x | 1x |
| Mon, 13 Dec 2021 | kr94.2b | kr96.0b | kr7.5b | 7.6x | 12.5x | 1x |
| Wed, 10 Nov 2021 | kr92.1b | kr88.6b | kr5.3b | 9.6x | 17.2x | 1x |
| Fri, 08 Oct 2021 | kr89.7b | kr88.3b | kr4.9b | 12.2x | 18.4x | 1x |
| Sun, 05 Sep 2021 | kr82.7b | kr84.9b | kr4.5b | 10.8x | 18.5x | 1x |
| Tue, 03 Aug 2021 | kr74.5b | kr84.9b | kr4.5b | 9.3x | 16.6x | 0.9x |
| Fri, 07 May 2021 | kr67.5b | kr78.7b | kr2.7b | 15.8x | 25.3x | 0.9x |
| Mon, 08 Feb 2021 | kr52.0b | kr76.7b | -kr1,532,044,186.71 | 12.8x | -33.9x | 0.7x |
Price to Earnings Ratio
-35.6x
Current Industry PE
- Investors are pessimistic on the Norwegian Marine industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 4.6x which is lower than its 3-year average PE of 6.3x.
- The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
- Total earnings for the Marine industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 30% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Marine compare with similar industries?
| NO Market | -0.92% | |
| Industrials | -0.079% | |
| Marine and Shipping | -1.84% | |
| Marine | -1.84% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HAUTO Höegh Autoliners | kr90.90 | 1.7% +kr286.2m | 50.7% | PE3.1x | |
| WWI Wilh. Wilhelmsen Holding | kr339.00 | 0.9% +kr132.5m | 32.4% | PE3.2x | |
| STST Stainless Tankers | kr47.32 | 2.0% +kr12.4m | n/a | n/a |
