DB:213

Stock Analysis Report

Executive Summary

Scanship Holding ASA, together with its subsidiaries, manufactures and supplies systems for processing and purifying waste water, food waste, solid waste, and bio sludge.

Snowflake

Fundamentals

Exceptional growth potential with excellent balance sheet.

Share Price & News

How has Scanship Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 213's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.6%

213

0.4%

DE Commercial Services

0.1%

DE Market


1 Year Return

227.9%

213

-4.0%

DE Commercial Services

8.8%

DE Market

Return vs Industry: 213 exceeded the German Commercial Services industry which returned -4% over the past year.

Return vs Market: 213 exceeded the German Market which returned 8.8% over the past year.


Shareholder returns

213IndustryMarket
7 Day-3.6%0.4%0.1%
30 Day3.8%4.5%5.9%
90 Day4.9%18.0%15.0%
1 Year230.5%227.9%-0.5%-4.0%12.2%8.8%
3 Year2576.3%2555.7%4.5%-4.6%25.5%14.5%
5 Year535.2%530.3%-2.3%-15.9%40.1%21.0%

Price Volatility Vs. Market

How volatile is Scanship Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Scanship Holding undervalued compared to its fair value and its price relative to the market?

15.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 213 (€1.62) is trading below our estimate of fair value (€1.92)

Significantly Below Fair Value: 213 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 213 is poor value based on its PE Ratio (57.3x) compared to the Commercial Services industry average (16.6x).

PE vs Market: 213 is poor value based on its PE Ratio (57.3x) compared to the German market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: 213 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 213 is overvalued based on its PB Ratio (16.8x) compared to the DE Commercial Services industry average (2.7x).


Next Steps

Future Growth

How is Scanship Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

36.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 213's forecast earnings growth (36.4% per year) is above the savings rate (0.2%).

Earnings vs Market: 213's earnings (36.4% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 213's revenue (30.1% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: 213's revenue (30.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 213's Return on Equity is forecast to be high in 3 years time (25.6%)


Next Steps

Past Performance

How has Scanship Holding performed over the past 5 years?

63.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 213 has a high level of non-cash earnings.

Growing Profit Margin: 213's current net profit margins (8%) are higher than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: 213's earnings have grown significantly by 63.9% per year over the past 5 years.

Accelerating Growth: 213's earnings growth over the past year (52.9%) is below its 5-year average (63.9% per year).

Earnings vs Industry: 213 earnings growth over the past year (52.9%) exceeded the Commercial Services industry 6.1%.


Return on Equity

High ROE: 213's Return on Equity (29.3%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Scanship Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 213's short term assets (NOK172.6M) exceeds its short term liabilities (NOK116.8M)

Long Term Liabilities: 213's short term assets (172.6M) exceeds its long term liabilities (19.2M)


Debt to Equity History and Analysis

Debt Level: 213's debt to equity ratio (25.4%) is considered satisfactory

Reducing Debt: 213's debt to equity ratio has reduced from 71.3% to 25.4% over the past 5 years.

Debt Coverage: 213's debt is not well covered by operating cash flow (19%).

Interest Coverage: 213's interest payments on its debt are well covered by EBIT (28.4x coverage).


Balance Sheet

Inventory Level: 213 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 213's debt is covered by short term assets (assets are 6.8x debt).


Next Steps

Dividend

What is Scanship Holding's current dividend yield, its reliability and sustainability?

0.57%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%1.4%markettop25%3.7%industryaverage3.6%forecastin3Years0.6%

Current dividend yield vs market & industry

Notable Dividend: 213's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: 213's dividend (0.57%) is low compared to the top 25% of dividend payers in the German market (3.68%).


Stability and Growth of Payments

Stable Dividend: 213 is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: 213 is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 213 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 213's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Henrik Badin (49yo)

11.8yrs

Tenure

kr2,181,400

Compensation

Mr. Henrik Badin has been the Chief Executive Officer of Scanship Holding ASA since 2008. 


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD237.32K) is below average for companies of similar size in the German market ($USD529.27K).

Compensation vs Earnings: Henrik's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.9yrs

Average Tenure

Experienced Management: 213's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

2.0yrs

Average Tenure

55yo

Average Age

Experienced Board: 213's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 213 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sellkr8,992,01907 Nov 19
Reiten & Co
EntityCompany
Shares5,328,178
Max Pricekr1.69
Buykr4,38828 Aug 19
Henrik Badin
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares2,300
Max Pricekr1.91
Buykr52301 Jul 19
Henrik Badin
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares300
Max Pricekr1.74

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Erik Magelssen

    Chief Financial Officer

    • Tenure: 2.7yrs
    • Compensation: kr1.57m
  • Henrik Badin (49yo)

    Chief Executive Officer

    • Tenure: 11.8yrs
    • Compensation: kr2.18m
  • Asgeir Wien (53yo)

    Chief Development Officer

    • Tenure: 3.1yrs
    • Compensation: kr1.61m
  • Erling Hoftun

    Vice President of Sales & Project Development

    • Tenure: 0yrs
  • Henning Mohn

    Chief Technical Officer

    • Tenure: 3.1yrs
    • Compensation: kr1.37m
  • Jonny Hansen

    Chief Operating Officer

    • Tenure: 1.6yrs
    • Compensation: kr1.44m
  • Bjørn Bache

    Chief Commercial Officer

    • Tenure: 1.5yrs
    • Compensation: kr989.30k

Board Members

  • Bård Ingerø

    Director

    • Tenure: 2yrs
    • Compensation: kr200.00k
  • Narve Reiten (58yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: kr300.00k
  • Susanne L. Schneider (53yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: kr200.00k
  • Benedicte Agerup (55yo)

    Director

    • Tenure: 2yrs
    • Compensation: kr200.00k

Company Information

Scanship Holding ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Scanship Holding ASA
  • Ticker: 213
  • Exchange: DB
  • Founded: 2011
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: kr1.860b
  • Listing Market Cap: kr183.853m
  • Shares outstanding: 106.56m
  • Website: https://www.scanship.no

Number of Employees


Location

  • Scanship Holding ASA
  • Lysaker Torg 12
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSHIPOB (Oslo Bors)YesOrdinary SharesNONOKApr 2014
213DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2014
0QTWLSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2014
SSHP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2014
SSHIPOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKApr 2014

Biography

Scanship Holding ASA, together with its subsidiaries, manufactures and supplies systems for processing and purifying waste water, food waste, solid waste, and bio sludge. It operates through Projects and A ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 22:08
End of Day Share Price2019/11/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.