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Vard Holdings

DB:2S1
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2S1
DB
SGD295M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Vard Holdings Limited, an investment holding company, engages in the shipbuilding business in Norway and internationally. The last earnings update was 81 days ago. More info.


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2S1 Share Price and Events
Price Volatility
2S1
Industry
5yr Volatility vs Market

Value

 Is Vard Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vard Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vard Holdings.

DB:2S1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2S1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 23%) (408.69%))
2.555
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (2 * 9.46%)
19.46%

Discounted Cash Flow Calculation for DB:2S1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vard Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2S1 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (NOK, Millions) 118.44 109.92 102.01 94.67 87.86
Source Est @ -7.19% Est @ -7.19% Est @ -7.19% Est @ -7.19% Est @ -7.19%
Present Value
Discounted (@ 19.46%)
99.15 77.03 59.84 46.49 36.12
Present value of next 5 years cash flows NOK318.63
DB:2S1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= NOK87.86 × (1 + 0.54%) ÷ (19.46% – 0.54%)
NOK467.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= NOK467.00 ÷ (1 + 19.46%)5
NOK191.97
DB:2S1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= NOK318.63 + NOK191.97
NOK510.60
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK510.60 / 1,180.00
NOK0.43
DB:2S1 Discount to Share Price
Calculation Result
Exchange Rate NOK/SGD
(Reporting currency to currency of SGX:MS7)
0.169
Value per Share
(SGD)
= Value per Share in NOK x Exchange Rate (NOK/SGD)
= NOK0.43 x 0.169
SGD0.07
Non-primary Listing Adjustment Factor 1 share in DB:2S1 represents 0.588x of SGX:MS7
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.588x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.07 x 0.588
€0.04
Value per share (EUR) From above. €0.04
Current discount Discount to share price of €0.15
= -1 x (€0.15 - €0.04) / €0.04
-242.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Vard Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vard Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vard Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2S1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in NOK NOK-0.46
SGX:MS7 Share Price ** SGX (2018-10-12) in SGD SGD0.25
SGX:MS7 Share Price converted to NOK reporting currency Exchange rate (SGD/ NOK) 5.935 NOK1.48
Germany Machinery Industry PE Ratio Median Figure of 38 Publicly-Listed Machinery Companies 16.79x
Germany Market PE Ratio Median Figure of 407 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vard Holdings.

DB:2S1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:MS7 Share Price ÷ EPS (both in NOK)

= 1.48 ÷ -0.46

-3.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vard Holdings is loss making, we can't compare its value to the DE Machinery industry average.
  • Vard Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Vard Holdings's expected growth come at a high price?
Raw Data
DB:2S1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Machinery Industry PEG Ratio Median Figure of 27 Publicly-Listed Machinery Companies 1.32x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vard Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vard Holdings's assets?
Raw Data
DB:2S1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in NOK NOK1.38
SGX:MS7 Share Price * SGX (2018-10-12) in SGD SGD0.25
SGX:MS7 Share Price converted to NOK reporting currency Exchange rate (SGD/ NOK) 5.935 NOK1.48
Germany Machinery Industry PB Ratio Median Figure of 45 Publicly-Listed Machinery Companies 1.9x
Germany Market PB Ratio Median Figure of 547 Publicly-Listed Companies 1.86x
DB:2S1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:MS7 Share Price ÷ Book Value per Share (both in NOK)

= 1.48 ÷ 1.38

1.08x

* Primary Listing of Vard Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vard Holdings is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Vard Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Vard Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vard Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vard Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vard Holdings expected to grow at an attractive rate?
  • Unable to compare Vard Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Vard Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Vard Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2S1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2S1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2S1 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2018-12-31
DB:2S1 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-06-30 9,922 -664 -539
2018-03-31 9,092 -540 -317
2017-12-31 8,603 -27 -233
2017-09-30 8,060 562 -169
2017-06-30 7,558 470 -241
2017-03-31 7,648 690 -225
2016-12-31 7,894 764 -163
2016-09-30 9,228 93 -179
2016-06-30 9,996 218 -585
2016-03-31 10,267 -311 -474
2015-12-31 11,307 -1,184 -603
2015-09-30 12,323 -757 -366

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Vard Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Vard Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2S1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Vard Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2S1 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2018-12-31
DB:2S1 Past Financials Data
Date (Data in NOK Millions) EPS *
2018-06-30 -0.46
2018-03-31 -0.27
2017-12-31 -0.20
2017-09-30 -0.14
2017-06-30 -0.20
2017-03-31 -0.19
2016-12-31 -0.14
2016-09-30 -0.15
2016-06-30 -0.50
2016-03-31 -0.40
2015-12-31 -0.51
2015-09-30 -0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vard Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 2S1’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Vard Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Vard Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Vard Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vard Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vard Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vard Holdings's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vard Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Vard Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vard Holdings's 1-year growth to the DE Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Vard Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vard Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2S1 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 9,922.00 -539.00 2,457.00
2018-03-31 9,092.00 -317.00 2,343.00
2017-12-31 8,603.00 -233.00 2,363.00
2017-09-30 8,060.00 -169.00 2,294.00
2017-06-30 7,558.00 -241.00 2,219.00
2017-03-31 7,648.00 -225.00 2,198.00
2016-12-31 7,894.00 -163.00 2,222.00
2016-09-30 9,228.00 -179.00 2,293.00
2016-06-30 9,996.00 -585.00 2,374.00
2016-03-31 10,267.00 -474.00 2,447.00
2015-12-31 11,307.00 -603.00 2,546.00
2015-09-30 12,323.00 -366.00 2,653.00
2015-06-30 12,861.00 83.00 2,712.00
2015-03-31 13,314.00 165.00 2,684.00
2014-12-31 12,923.00 349.00 2,573.00
2014-09-30 11,516.00 308.00 2,462.00
2014-06-30 11,077.00 421.00 2,383.00
2014-03-31 11,080.00 261.00 2,290.00
2013-12-31 11,155.00 357.00 2,223.00
2013-09-30 10,586.00 270.00 2,165.00
2013-06-30 10,673.00 422.00 2,067.00
2013-03-31 11,065.00 723.00 2,032.00
2012-12-31 11,129.00 804.00 2,021.00
2012-09-30 11,715.00 1,416.00 2,032.00
2012-06-30 12,613.00 1,562.00 2,017.00
2012-03-31 12,020.00 1,553.00 1,970.00
2011-12-31 12,401.00 1,594.00 1,937.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Vard Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Vard Holdings has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Vard Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Vard Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vard Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vard Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vard Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vard Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Vard Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vard Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vard Holdings Company Filings, last reported 3 months ago.

DB:2S1 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1,661.00 7,155.00 758.00
2018-03-31 1,980.00 8,152.00 632.00
2017-12-31 2,093.00 7,569.00 810.00
2017-09-30 2,261.00 7,680.00 857.00
2017-06-30 2,235.00 7,131.00 694.00
2017-03-31 2,261.00 6,986.00 908.00
2016-12-31 2,295.00 6,740.00 722.00
2016-09-30 2,509.00 9,164.00 525.00
2016-06-30 2,630.00 10,542.00 908.00
2016-03-31 2,886.00 10,871.00 1,027.00
2015-12-31 2,961.00 11,491.00 919.00
2015-09-30 3,232.00 10,644.00 906.00
2015-06-30 3,805.00 9,338.00 904.00
2015-03-31 3,811.00 9,322.00 1,692.00
2014-12-31 3,864.00 9,273.00 2,002.00
2014-09-30 3,714.00 5,741.00 1,658.00
2014-06-30 3,838.00 5,938.00 1,825.00
2014-03-31 3,779.00 6,765.00 2,121.00
2013-12-31 3,708.00 5,685.00 1,745.00
2013-09-30 3,532.00 5,138.00 1,803.00
2013-06-30 3,420.00 4,012.00 2,040.00
2013-03-31 3,427.00 3,851.00 1,996.00
2012-12-31 3,216.00 3,930.00 2,437.00
2012-09-30 3,112.00 2,565.00 2,347.00
2012-06-30 3,621.00 3,357.00 3,329.00
2012-03-31 3,880.00 2,715.00 3,127.00
2011-12-31 3,553.00 2,638.00 3,064.00
  • Vard Holdings's level of debt (430.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (117.6% vs 430.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Vard Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Vard Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vard Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Vard Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vard Holdings dividends.
If you bought €2,000 of Vard Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vard Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vard Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2S1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2S1 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2018-12-31
DB:2S1 Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2013-09-11 0.000 0.000
2013-09-06 0.000 0.000
2013-08-05 0.000 0.000
2013-04-04 0.590 12.828
2013-02-26 0.593 10.412
2012-11-14 1.008 17.276
2012-08-13 1.061 14.575
2012-04-12 0.458 6.483
2012-02-14 0.444 5.857
2011-05-03 0.129 2.433
2011-04-12 0.129 2.510
2011-02-15 0.129 2.594

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vard Holdings has not reported any payouts.
  • Unable to verify if Vard Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vard Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vard Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vard Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vard Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vard Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vard Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Roy Reite, image provided by Google.
Roy Reite
COMPENSATION NOK716,000
AGE 53
TENURE AS CEO 8.2 years
CEO Bio

Mr. Roy Reite serves as the Chief Executive Officer and President of Vard Group AS. Mr. Reite has been the Chief Executive Officer and President of Vard Holdings Limited since August 4, 2010 and 2001 respectively. He has been an Executive Director of Vard Holdings Limited since August 4, 2010. He has been the Chief Executive Officer and President at STX OSV AS since 2001. Mr. Reite serves as Managing Director of Aker Yards AS. He serves as the President of Offshore & Specialized Vessels for Stx Osv As at DOF ASA. He served as the President of Offshore & Specialized Vessels of Aker Brattvaag, group Shipyard of STX Europe ASA since 2001. He served as President of Aker Brattvaag of Aker Yards AsA since 2001. He served as President of Aker Brattvaag and President of Offshore & Specialized Vessels of STX Europe ASA since 2001. Prior to this, he served as Yard Director of Aker Yards, Søviknes. His hands-on experience at the Søviknes yard included Project Manager, Production Manager and Technical Manager. From 1996 to 1999, Mr. Reite worked as Corporate Consultant at Intentia AS with experience from different types of industries. He serves as Deputy Chairman of Sparebanken Møre and has been its Director since 2004. He serves as an Executive Director of Vard Group AS. He serves as Non Executive Director at Freudenberg Oil & Gas Technologies AS. He serves as an Executive Director at STX OSV AS. He serves as a Member of The Council at Stiftelsen Det Norske Veritas. He served as a Director of STX Europe ASA since 2001. He holds a Bachelors degree in Civil Engineering from Norwegian University of Science and Technology and an M.Sc. degree in Marine Engineering from the Norwegian Institute of Science and Technology.

CEO Compensation
  • Roy's compensation has been consistent with company performance over the past year.
Management Team Tenure

Average tenure and age of the Vard Holdings management team in years:

2.9
Average Tenure
53
Average Age
  • The tenure for the Vard Holdings management team is about average.
Management Team

Roy Reite

TITLE
CEO, President & Executive Director
COMPENSATION
NOK716K
AGE
53
TENURE
8.2 yrs

Vittorio Zane

TITLE
Executive VP of Corporate Development & Executive Director
COMPENSATION
NOK199K

Geir Ingebrigtsen

TITLE
CFO & Executive VP
AGE
44
TENURE
2.9 yrs

Magne Bakke

TITLE
COO & Executive VP
AGE
58

Hege Akselvoll

TITLE
Senior VP of Corporate Communications
TENURE
0.8 yrs

Magne Håberg

TITLE
Executive Vice President of Sales & Marketing
AGE
53

Stig Bjørkedal

TITLE
Executive Vice President of Equipmant & Solutions
AGE
51

Mauro Leboffe

TITLE
Executive Vice President of Romanian Operations
TENURE
1.3 yrs

Elizabeth Krishnan

TITLE
Company Secretary
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the Vard Holdings board of directors in years:

4.2
Average Tenure
58
Average Age
  • The tenure for the Vard Holdings board of directors is about average.
Board of Directors

Giuseppe Coronella

TITLE
Chairman of the Board
COMPENSATION
NOK50K
TENURE
2.1 yrs

Roy Reite

TITLE
CEO, President & Executive Director
COMPENSATION
NOK716K
AGE
53
TENURE
8.2 yrs

Vittorio Zane

TITLE
Executive VP of Corporate Development & Executive Director
COMPENSATION
NOK199K
TENURE
3.5 yrs

Sung Hyon Sok

TITLE
Independent Director
COMPENSATION
NOK66K
AGE
58
TENURE
8 yrs

Keen Lee

TITLE
Lead Independent Director
COMPENSATION
NOK85K
AGE
66
TENURE
4.9 yrs

Claudio Cisilino

TITLE
Non Executive Director
COMPENSATION
NOK17K
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
11. Oct 18 Buy FINTECNA S.p.A. Company 10. Oct 18 10. Oct 18 468,000 $84,640.14
05. Oct 18 Buy FINTECNA S.p.A. Company 04. Oct 18 04. Oct 18 61,000 $11,052.16
04. Oct 18 Buy FINTECNA S.p.A. Company 03. Oct 18 03. Oct 18 65,000 $11,801.86
03. Oct 18 Buy FINTECNA S.p.A. Company 02. Oct 18 02. Oct 18 426,300 $77,645.00
02. Oct 18 Buy FINTECNA S.p.A. Company 01. Oct 18 01. Oct 18 273,000 $49,773.91
01. Oct 18 Buy FINTECNA S.p.A. Company 28. Sep 18 28. Sep 18 81,000 $14,816.93
28. Sep 18 Buy FINTECNA S.p.A. Company 27. Sep 18 27. Sep 18 14,000 $2,561.10
27. Sep 18 Buy FINTECNA S.p.A. Company 26. Sep 18 26. Sep 18 140,000 $4,481.12
26. Sep 18 Buy FINTECNA S.p.A. Company 25. Sep 18 25. Sep 18 102,000 $18,673.14
24. Sep 18 Buy FINTECNA S.p.A. Company 21. Sep 18 21. Sep 18 71,000 $13,005.00
25. Sep 18 Buy FINTECNA S.p.A. Company 24. Sep 18 24. Sep 18 140,000 $25,652.06
21. Sep 18 Buy FINTECNA S.p.A. Company 20. Sep 18 20. Sep 18 75,000 $13,719.38
20. Sep 18 Buy FINTECNA S.p.A. Company 19. Sep 18 19. Sep 18 312,000 $56,940.62
19. Sep 18 Buy FINTECNA S.p.A. Company 18. Sep 18 18. Sep 18 283,000 $51,593.73
17. Sep 18 Buy FINTECNA S.p.A. Company 14. Sep 18 14. Sep 18 312,600 $56,949.78
14. Sep 18 Buy FINTECNA S.p.A. Company 13. Sep 18 13. Sep 18 528,500 $96,362.99
13. Sep 18 Buy FINTECNA S.p.A. Company 12. Sep 18 12. Sep 18 602,000 $109,660.92
12. Sep 18 Buy FINTECNA S.p.A. Company 11. Sep 18 11. Sep 18 559,000 $101,466.89
10. Sep 18 Buy FINTECNA S.p.A. Company 07. Sep 18 07. Sep 18 375,000 $68,068.13
07. Sep 18 Buy FINTECNA S.p.A. Company 06. Sep 18 06. Sep 18 119,000 $21,634.44
06. Sep 18 Buy FINTECNA S.p.A. Company 05. Sep 18 05. Sep 18 46,000 $8,353.97
04. Sep 18 Buy FINTECNA S.p.A. Company 03. Sep 18 03. Sep 18 70,900 $12,922.30
02. Sep 18 Buy FINTECNA S.p.A. Company 31. Aug 18 31. Aug 18 74,000 $13,487.02
30. Aug 18 Buy FINTECNA S.p.A. Company 29. Aug 18 29. Aug 18 2,000,000 $366,144.00
29. Aug 18 Buy FINTECNA S.p.A. Company 28. Aug 18 28. Aug 18 90,000 $16,515.81
24. Aug 18 Buy FINTECNA S.p.A. Company 23. Aug 18 23. Aug 18 120,000 $21,867.60
22. Aug 18 Buy FINTECNA S.p.A. Company 21. Aug 18 21. Aug 18 54,000 $9,869.09
21. Aug 18 Buy FINTECNA S.p.A. Company 20. Aug 18 20. Aug 18 478,600 $87,259.79
18. Aug 18 Buy FINTECNA S.p.A. Company 17. Aug 18 17. Aug 18 112,000 $20,398.45
17. Aug 18 Buy FINTECNA S.p.A. Company 16. Aug 18 16. Aug 18 39,000 $7,095.97
16. Aug 18 Buy FINTECNA S.p.A. Company 15. Aug 18 15. Aug 18 65,000 $11,764.09
15. Aug 18 Buy FINTECNA S.p.A. Company 14. Aug 18 14. Aug 18 75,400 $13,702.14
14. Aug 18 Buy FINTECNA S.p.A. Company 13. Aug 18 13. Aug 18 375,000 $68,137.13
11. Aug 18 Buy FINTECNA S.p.A. Company 10. Aug 18 10. Aug 18 138,000 $25,165.54
09. Aug 18 Buy FINTECNA S.p.A. Company 08. Aug 18 08. Aug 18 1,786,000 $327,400.59
07. Aug 18 Buy FINTECNA S.p.A. Company 06. Aug 18 06. Aug 18 3,761,100 $687,623.11
08. Aug 18 Buy FINTECNA S.p.A. Company 07. Aug 18 07. Aug 18 3,308,000 $606,326.63
04. Aug 18 Buy FINTECNA S.p.A. Company 03. Aug 18 03. Aug 18 6,803,100 $1,246,382.34
03. Aug 18 Buy FINTECNA S.p.A. Company 02. Aug 18 02. Aug 18 525,800 $96,159.36
02. Aug 18 Buy FINTECNA S.p.A. Company 01. Aug 18 01. Aug 18 1,737,000 $318,781.19
01. Aug 18 Buy FINTECNA S.p.A. Company 31. Jul 18 31. Jul 18 439,000 $80,635.52
31. Jul 18 Buy FINTECNA S.p.A. Company 30. Jul 18 30. Jul 18 1,326,000 $243,614.05
27. Jul 18 Buy FINTECNA S.p.A. Company 26. Jul 18 26. Jul 18 3,553,900 $651,867.00
26. Jul 18 Buy FINTECNA S.p.A. Company 25. Jul 18 25. Jul 18 205,900 $37,778.53
24. Jul 18 Buy FINTECNA S.p.A. Company 23. Jul 18 23. Jul 18 142,500 $26,087.19
22. Jul 18 Buy FINTECNA S.p.A. Company 20. Jul 18 20. Jul 18 207,000 $37,954.90
20. Jul 18 Buy FINTECNA S.p.A. Company 19. Jul 18 19. Jul 18 64,000 $11,650.94
17. Jul 18 Buy FINTECNA S.p.A. Company 16. Jul 18 16. Jul 18 350,000 $64,237.95
19. Jul 18 Buy FINTECNA S.p.A. Company 18. Jul 18 18. Jul 18 90,000 $16,472.70
18. Jul 18 Buy FINTECNA S.p.A. Company 17. Jul 18 17. Jul 18 10,000 $1,834.69
14. Jul 18 Buy FINTECNA S.p.A. Company 13. Jul 18 13. Jul 18 4,000 $731.90
13. Jul 18 Buy FINTECNA S.p.A. Company 12. Jul 18 12. Jul 18 130,000 $23,853.70
12. Jul 18 Buy FINTECNA S.p.A. Company 11. Jul 18 11. Jul 18 235,000 $43,170.68
10. Jul 18 Buy FINTECNA S.p.A. Company 09. Jul 18 09. Jul 18 395,000 $72,817.46
11. Jul 18 Buy FINTECNA S.p.A. Company 10. Jul 18 10. Jul 18 107,000 $19,735.29
07. Jul 18 Buy FINTECNA S.p.A. Company 06. Jul 18 06. Jul 18 331,000 $60,930.81
06. Jul 18 Buy FINTECNA S.p.A. Company 05. Jul 18 05. Jul 18 24,000 $4,397.18
04. Jul 18 Buy FINTECNA S.p.A. Company 03. Jul 18 03. Jul 18 271,000 $49,614.41
23. Jun 18 Buy FINTECNA S.p.A. Company 22. Jun 18 22. Jun 18 12,000 $2,206.87
21. Jun 18 Buy FINTECNA S.p.A. Company 20. Jun 18 20. Jun 18 66,000 $12,148.62
19. Jun 18 Buy FINTECNA S.p.A. Company 18. Jun 18 18. Jun 18 82,200 $15,207.16
20. Jun 18 Buy FINTECNA S.p.A. Company 19. Jun 18 19. Jun 18 70,000 $12,883.92
15. Jun 18 Buy FINTECNA S.p.A. Company 14. Jun 18 14. Jun 18 64,000 $11,949.63
14. Jun 18 Buy FINTECNA S.p.A. Company 13. Jun 18 13. Jun 18 67,000 $12,548.16
12. Jun 18 Buy FINTECNA S.p.A. Company 11. Jun 18 11. Jun 18 34,000 $6,370.75
07. Jun 18 Buy FINTECNA S.p.A. Company 06. Jun 18 06. Jun 18 102,000 $19,137.95
06. Jun 18 Buy FINTECNA S.p.A. Company 05. Jun 18 05. Jun 18 457,400 $85,592.80
01. Jun 18 Buy FINTECNA S.p.A. Company 31. May 18 31. May 18 3,600 $672.10
31. May 18 Buy FINTECNA S.p.A. Company 30. May 18 30. May 18 35,000 $6,532.58
23. May 18 Buy FINTECNA S.p.A. Company 22. May 18 22. May 18 116,100 $21,682.60
15. May 18 Buy FINTECNA S.p.A. Company 14. May 18 14. May 18 33,000 $6,186.41
02. May 18 Buy FINTECNA S.p.A. Company 30. Apr 18 30. Apr 18 155,000 $29,251.91
30. Apr 18 Buy FINTECNA S.p.A. Company 27. Apr 18 27. Apr 18 80,300 $15,154.70
27. Apr 18 Buy FINTECNA S.p.A. Company 26. Apr 18 26. Apr 18 203,300 $38,274.68
26. Apr 18 Buy FINTECNA S.p.A. Company 25. Apr 18 25. Apr 18 48,000 $9,033.89
25. Apr 18 Buy FINTECNA S.p.A. Company 24. Apr 18 24. Apr 18 183,000 $34,568.15
22. Mar 18 Buy FINTECNA S.p.A. Company 21. Mar 18 21. Mar 18 255,100 $48,401.91
24. Apr 18 Buy FINTECNA S.p.A. Company 23. Apr 18 23. Apr 18 387,000 $73,031.54
21. Apr 18 Buy FINTECNA S.p.A. Company 20. Apr 18 20. Apr 18 269,100 $51,136.27
20. Apr 18 Buy FINTECNA S.p.A. Company 19. Apr 18 19. Apr 18 249,500 $47,627.30
19. Apr 18 Buy FINTECNA S.p.A. Company 18. Apr 18 18. Apr 18 357,000 $68,129.17
18. Apr 18 Buy FINTECNA S.p.A. Company 17. Apr 18 17. Apr 18 132,000 $25,175.04
17. Apr 18 Buy FINTECNA S.p.A. Company 16. Apr 18 16. Apr 18 45,000 $8,577.14
14. Apr 18 Buy FINTECNA S.p.A. Company 13. Apr 18 13. Apr 18 530,300 $101,072.53
13. Apr 18 Buy FINTECNA S.p.A. Company 12. Apr 18 12. Apr 18 73,400 $13,980.42
12. Apr 18 Buy FINTECNA S.p.A. Company 11. Apr 18 11. Apr 18 31,000 $5,922.64
11. Apr 18 Buy FINTECNA S.p.A. Company 10. Apr 18 10. Apr 18 62,000 $11,828.61
10. Apr 18 Buy FINTECNA S.p.A. Company 09. Apr 18 09. Apr 18 41,000 $7,816.90
08. Apr 18 Buy FINTECNA S.p.A. Company 06. Apr 18 06. Apr 18 100,000 $18,979.70
06. Apr 18 Buy FINTECNA S.p.A. Company 05. Apr 18 05. Apr 18 116,000 $22,025.04
05. Apr 18 Buy FINTECNA S.p.A. Company 04. Apr 18 04. Apr 18 736,000 $140,168.26
04. Apr 18 Buy FINTECNA S.p.A. Company 03. Apr 18 03. Apr 18 2,931,900 $559,186.63
03. Apr 18 Buy FINTECNA S.p.A. Company 02. Apr 18 02. Apr 18 232,000 $44,220.82
30. Mar 18 Buy FINTECNA S.p.A. Company 29. Mar 18 29. Mar 18 170,000 $32,414.07
29. Mar 18 Buy FINTECNA S.p.A. Company 28. Mar 18 28. Mar 18 14,955,600 $2,855,173.60
28. Mar 18 Buy FINTECNA S.p.A. Company 27. Mar 18 27. Mar 18 60,000 $11,460.96
23. Mar 18 Buy FINTECNA S.p.A. Company 22. Mar 18 22. Mar 18 267,000 $50,723.06
24. Mar 18 Buy FINTECNA S.p.A. Company 23. Mar 18 23. Mar 18 812,000 $154,587.75
27. Mar 18 Buy FINTECNA S.p.A. Company 26. Mar 18 26. Mar 18 18,000 $3,433.93
20. Mar 18 Buy FINTECNA S.p.A. Company 19. Mar 18 19. Mar 18 251,000 $47,640.05
17. Mar 18 Buy FINTECNA S.p.A. Company 16. Mar 18 16. Mar 18 2,092,800 $397,200.88
16. Mar 18 Buy FINTECNA S.p.A. Company 15. Mar 18 15. Mar 18 1,962,000 $373,888.53
15. Mar 18 Buy FINTECNA S.p.A. Company 14. Mar 18 14. Mar 18 1,591,000 $303,973.28
14. Mar 18 Buy FINTECNA S.p.A. Company 13. Mar 18 13. Mar 18 810,000 $154,450.80
13. Mar 18 Buy FINTECNA S.p.A. Company 12. Mar 18 12. Mar 18 45,000 $8,563.10
10. Mar 18 Buy FINTECNA S.p.A. Company 09. Mar 18 09. Mar 18 227,000 $43,149.07
09. Mar 18 Buy FINTECNA S.p.A. Company 08. Mar 18 08. Mar 18 393,000 $74,574.11
08. Mar 18 Buy FINTECNA S.p.A. Company 07. Mar 18 07. Mar 18 526,000 $99,898.45
07. Mar 18 Buy FINTECNA S.p.A. Company 06. Mar 18 06. Mar 18 2,904,100 $551,686.07
06. Mar 18 Buy FINTECNA S.p.A. Company 05. Mar 18 05. Mar 18 293,000 $55,568.92
03. Mar 18 Buy FINTECNA S.p.A. Company 02. Mar 18 02. Mar 18 674,000 $127,531.58
01. Mar 18 Buy FINTECNA S.p.A. Company 28. Feb 18 28. Feb 18 220,000 $41,560.20
28. Feb 18 Buy FINTECNA S.p.A. Company 27. Feb 18 27. Feb 18 260,000 $49,124.14
27. Feb 18 Buy FINTECNA S.p.A. Company 26. Feb 18 26. Feb 18 70,000 $13,285.93
23. Feb 18 Buy FINTECNA S.p.A. Company 23. Feb 18 23. Feb 18 61,500 $11,637.71
09. Feb 18 Buy FINTECNA S.p.A. Company 08. Feb 18 08. Feb 18 259,500 $48,735.66
08. Feb 18 Buy FINTECNA S.p.A. Company 07. Feb 18 07. Feb 18 270,000 $51,033.51
07. Feb 18 Buy FINTECNA S.p.A. Company 06. Feb 18 06. Feb 18 280,000 $52,983.84
26. Jan 18 Buy FINTECNA S.p.A. Company 25. Jan 18 25. Jan 18 2,000 $383.58
25. Jan 18 Buy FINTECNA S.p.A. Company 24. Jan 18 24. Jan 18 16,000 $3,058.38
23. Jan 18 Buy FINTECNA S.p.A. Company 22. Jan 18 22. Jan 18 31,000 $5,876.61
19. Jan 18 Buy FINTECNA S.p.A. Company 18. Jan 18 18. Jan 18 15,000 $2,838.63
17. Jan 18 Buy FINTECNA S.p.A. Company 16. Jan 18 16. Jan 18 30,000 $5,667.30
16. Jan 18 Buy FINTECNA S.p.A. Company 15. Jan 18 15. Jan 18 10,000 $1,891.35
12. Jan 18 Buy FINTECNA S.p.A. Company 11. Jan 18 11. Jan 18 12,000 $2,256.41
09. Jan 18 Buy FINTECNA S.p.A. Company 08. Jan 18 08. Jan 18 35,000 $6,566.60
11. Jan 18 Buy FINTECNA S.p.A. Company 10. Jan 18 10. Jan 18 100 $18.74
10. Jan 18 Buy FINTECNA S.p.A. Company 09. Jan 18 09. Jan 18 132,300 $24,765.24
27. Dec 17 Buy FINTECNA S.p.A. Company 26. Dec 17 26. Dec 17 406,000 $75,551.32
19. Dec 17 Buy FINTECNA S.p.A. Company 18. Dec 17 18. Dec 17 1,206,400 $223,872.85
20. Dec 17 Buy FINTECNA S.p.A. Company 19. Dec 17 19. Dec 17 113,600 $21,074.62
21. Dec 17 Buy FINTECNA S.p.A. Company 20. Dec 17 20. Dec 17 17,700 $3,291.85
16. Dec 17 Buy FINTECNA S.p.A. Company 15. Dec 17 15. Dec 17 513,600 $95,224.52
14. Dec 17 Buy FINTECNA S.p.A. Company 13. Dec 17 13. Dec 17 63,300 $11,722.72
13. Dec 17 Buy FINTECNA S.p.A. Company 12. Dec 17 12. Dec 17 64,700 $11,951.38
12. Dec 17 Buy FINTECNA S.p.A. Company 11. Dec 17 11. Dec 17 59,400 $10,995.12
09. Dec 17 Buy FINTECNA S.p.A. Company 08. Dec 17 08. Dec 17 122,500 $22,636.41
08. Dec 17 Buy FINTECNA S.p.A. Company 07. Dec 17 07. Dec 17 38,400 $7,113.64
07. Dec 17 Buy FINTECNA S.p.A. Company 06. Dec 17 06. Dec 17 119,400 $22,119.92
06. Dec 17 Buy FINTECNA S.p.A. Company 05. Dec 17 05. Dec 17 110,100 $20,425.64
05. Dec 17 Buy FINTECNA S.p.A. Company 04. Dec 17 04. Dec 17 30,600 $5,673.70
01. Dec 17 Buy FINTECNA S.p.A. Company 30. Nov 17 30. Nov 17 1,225,800 $227,373.64
01. Dec 17 Buy FINTECNA S.p.A. Company 01. Dec 17 01. Dec 17 312,000 $58,087.22
30. Nov 17 Buy FINTECNA S.p.A. Company 29. Nov 17 29. Nov 17 135,100 $25,085.64
29. Nov 17 Buy FINTECNA S.p.A. Company 28. Nov 17 28. Nov 17 63,600 $11,822.29
28. Nov 17 Buy FINTECNA S.p.A. Company 27. Nov 17 27. Nov 17 11,900 $2,210.91
13. Nov 17 Buy FINTECNA S.p.A. Company 18. Sep 17 23. Oct 17 1,707,600 $302,759.32
X
Management checks
We assess Vard Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vard Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Company Info

Map
Description

Vard Holdings Limited, an investment holding company, engages in the shipbuilding business in Norway and internationally. The company engages in electrical engineering and installation, project development and ship design, accommodation and pipe installation, and ship equipment design and manufacturing businesses. It is also involved in the offshore industrial services and installation, equipment supply aquaculture industry, and automation and control system software businesses; and provision of shipyard support, and ship repair and maintenance services. The company was formerly known as STX OSV Holdings Limited and changed its name to Vard Holdings Limited in April 2013. The company was incorporated in 2010 and is based in Ålesund, Norway. Vard Holdings Limited is a subsidiary of Fincantieri Oil & Gas S.p.A.

Details
Name: Vard Holdings Limited
2S1
Exchange: DB
Founded: 2010
SGD185,280,905
1,180,000,000
Website: http://www.vard.com
Address: Vard Holdings Limited
Skansekaia 2,
Ålesund,
Møre og Romsdal, 6002,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX MS7 Ordinary Shares Singapore Exchange SG SGD 12. Nov 2010
DB 2S1 Ordinary Shares Deutsche Boerse AG DE EUR 12. Nov 2010
Number of employees
Current staff
Staff numbers
9,172
Vard Holdings employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/15 18:31
End of day share price update: 2018/10/12 00:00
Last estimates confirmation: 2018/07/06
Last earnings filing: 2018/07/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.