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Scanship Holding

DB:213
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
213
DB
NOK1B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Scanship Holding ASA, together with its subsidiaries, manufactures and supplies systems for processing and cleaning drainage water, food waste, and residual waste worldwide. The last earnings update was 50 days ago. More info.


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  • Scanship Holding has significant price volatility in the past 3 months.
213 Share Price and Events
7 Day Returns
-3.9%
DB:213
3.7%
DE Commercial Services
2.5%
DE Market
1 Year Returns
279.5%
DB:213
-8.4%
DE Commercial Services
-6.7%
DE Market
213 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Scanship Holding (213) -3.9% 123.9% 183.3% 279.5% 2501.5% -
DE Commercial Services 3.7% 1.2% 12.5% -8.4% 3.6% -42.7%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • 213 outperformed the Commercial Services industry which returned -8.4% over the past year.
  • 213 outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
213
Industry
5yr Volatility vs Market

Value

 Is Scanship Holding 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 Scanship Holding 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 Scanship Holding.

DB:213 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 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:213
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 23%) (0.23%))
0.823
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.823 * 5.96%)
5.13%

Discounted Cash Flow Calculation for DB:213 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Scanship Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:213 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 5.13%)
2019 30.00 Analyst x1 28.54
2020 33.00 Analyst x1 29.86
2021 36.00 Analyst x1 30.98
2022 38.22 Est @ 6.16% 31.28
2023 39.89 Est @ 4.38% 31.06
2024 41.14 Est @ 3.13% 30.47
2025 42.07 Est @ 2.26% 29.64
2026 42.77 Est @ 1.65% 28.65
2027 43.29 Est @ 1.22% 27.59
2028 43.69 Est @ 0.93% 26.49
Present value of next 10 years cash flows NOK294.55
DB:213 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK43.69 × (1 + 0.23%) ÷ (5.13% – 0.23%)
NOK892.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK892.77 ÷ (1 + 5.13%)10
NOK541.18
DB:213 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK294.55 + NOK541.18
NOK835.73
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK835.73 / 96.18
NOK8.69
DB:213 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:213 represents 0.10758x of OB:SSHIP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10758x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 8.69 x 0.10758
€0.93
Value per share (EUR) From above. €0.93
Current discount Discount to share price of €1.43
= -1 x (€1.43 - €0.93) / €0.93
-53.1%

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

  • The current share price of Scanship Holding 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 Scanship Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Scanship Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:213 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK0.28
OB:SSHIP Share Price ** OB (2019-04-18) in NOK NOK13.3
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.91x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Scanship Holding.

DB:213 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SSHIP Share Price ÷ EPS (both in NOK)

= 13.3 ÷ 0.28

47.82x

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

  • Scanship Holding is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Scanship Holding is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Scanship Holding's expected growth come at a high price?
Raw Data
DB:213 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
14.1%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.33x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:213 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 47.82x ÷ 14.1%

3.39x

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

  • Scanship Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Scanship Holding's assets?
Raw Data
DB:213 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK0.98
OB:SSHIP Share Price * OB (2019-04-18) in NOK NOK13.3
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.04x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:213 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SSHIP Share Price ÷ Book Value per Share (both in NOK)

= 13.3 ÷ 0.98

13.6x

* Primary Listing of Scanship Holding.

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

  • Scanship Holding is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Scanship Holding'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Scanship Holding has a total score of 0/6, 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 Scanship Holding expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Scanship Holding expected to grow at an attractive rate?
  • Scanship Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Scanship Holding's earnings growth is expected to exceed the Germany market average.
  • Scanship Holding's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:213 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:213 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 14.1%
DB:213 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:213 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:213 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 430 42 41 1
2020-12-31 381 39 35 1
2019-12-31 345 36 30 1
DB:213 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 330 31 27
2018-09-30 303 36 23
2018-06-30 276 41 19
2018-03-31 262 26 16
2017-12-31 247 10 13
2017-09-30 221 6 3
2017-06-30 204 -2 1
2017-03-31 190 4 -2
2016-12-31 172 -6 -5
2016-09-30 188 5 2
2016-06-30 189 11 -1
2016-03-31 194 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Scanship Holding's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Scanship Holding's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
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:213 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 Scanship Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:213 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.42 0.42 0.42 1.00
2020-12-31 0.36 0.36 0.36 1.00
2019-12-31 0.31 0.31 0.31 1.00
DB:213 Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 0.28
2018-09-30 0.24
2018-06-30 0.20
2018-03-31 0.17
2017-12-31 0.13
2017-09-30 0.03
2017-06-30 0.01
2017-03-31 -0.02
2016-12-31 -0.05
2016-09-30 0.02
2016-06-30 -0.01
2016-03-31 0.00

*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.
  • Scanship Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Scanship Holding'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.
Scanship Holding has a total score of 4/6, 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 Scanship Holding 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 Scanship Holding's growth in the last year to its industry (Commercial Services).
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.
  • Scanship Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Scanship Holding's 1-year earnings growth exceeds its 5-year average (111.1% vs 48.6%)
  • Scanship Holding's earnings growth has exceeded the Europe Commercial Services industry average in the past year (111.1% vs 16%).
Earnings and Revenue History
Scanship Holding'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 Scanship Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:213 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 329.60 26.60 37.30
2018-09-30 302.95 22.80 35.45
2018-06-30 276.30 19.10 33.60
2018-03-31 261.65 15.85 31.40
2017-12-31 247.00 12.60 29.20
2017-09-30 220.50 3.30 29.45
2017-06-30 204.00 1.10 28.00
2017-03-31 190.40 -1.85 28.25
2016-12-31 171.60 -4.80 29.10
2016-09-30 187.59 2.15 33.67
2016-06-30 189.20 -1.30 30.40
2016-03-31 194.49 0.15 33.87
2015-12-31 200.30 4.40 28.90
2015-09-30 189.09 -6.90 31.88
2015-06-30 174.82 -2.80 30.82
2015-03-31 156.35 -7.17 29.12
2014-12-31 145.63 -9.28 27.53
2014-09-30 152.02 5.43 25.79
2014-06-30 162.10 4.98 23.04
2014-03-31 166.13 7.49 21.87
2013-12-31 169.97 5.15 20.91
2012-12-31 135.98 7.03 20.46

*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.
  • Scanship Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Scanship Holding used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Scanship Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Scanship Holding'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 Commercial Services 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.
Scanship Holding has a total score of 6/6, 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 Scanship Holding'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 Scanship Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Scanship Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Scanship Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Scanship Holding'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 50.8x 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 Scanship Holding Company Filings, last reported 3 months ago.

DB:213 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 93.50 3.00 7.00
2018-09-30 93.50 3.00 7.00
2018-06-30 77.20 2.90 6.90
2018-03-31 77.20 2.90 6.90
2017-12-31 57.90 21.90 5.60
2017-09-30 57.90 21.90 5.60
2017-06-30 51.20 32.90 2.80
2017-03-31 51.20 32.90 2.80
2016-12-31 45.40 25.20 3.60
2016-09-30 50.30 28.00 3.00
2016-06-30 50.20 25.50 2.00
2016-03-31 50.20 28.50 4.40
2015-12-31 49.80 28.00 19.50
2015-09-30 49.01 24.03 5.42
2015-06-30 50.88 27.75 4.28
2015-03-31 49.83 18.91 3.65
2014-12-31 45.11 27.67 3.82
2014-09-30 55.07 29.08 14.10
2014-06-30 52.91 37.83 36.24
2014-03-31 -19.23 49.12 1.71
2013-12-31 -21.36 49.28 1.18
2012-12-31 -26.52 46.27 2.60
  • Scanship Holding's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • Scanship Holding had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (1036.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 33.7x coverage).
X
Financial health checks
We assess Scanship Holding'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. Scanship Holding has a total score of 6/6, 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 Scanship Holding'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
0.75%
Current annual income from Scanship Holding dividends. Estimated to be 1.65% next year.
If you bought €2,000 of Scanship Holding shares you are expected to receive €15 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?
  • Scanship Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Scanship Holding's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
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:213 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:213 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.25 1.00
2020-12-31 0.22 1.00
2019-12-31 0.19 1.00
DB:213 Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.100 1.355

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

  • Scanship Holding is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Scanship Holding is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Scanship Holding's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Scanship Holding's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Scanship Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Scanship Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Scanship Holding has a total score of 1/6, 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 Scanship Holding'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
Henrik Badin
COMPENSATION NOK2,135,900
AGE 48
TENURE AS CEO 11.3 years
CEO Bio

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

CEO Compensation
  • Henrik's compensation has been consistent with company performance over the past year.
  • Henrik's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Scanship Holding management team in years:

2.3
Average Tenure
  • The tenure for the Scanship Holding management team is about average.
Management Team

Henrik Badin

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
AGE
48
TENURE
11.3 yrs

Erik Magelssen

TITLE
Chief Financial Officer
COMPENSATION
NOK1M
TENURE
2.1 yrs

Jonny Hansen

TITLE
Chief Operating Officer
COMPENSATION
NOK313K
TENURE
1 yrs

Henning Mohn

TITLE
Chief Technical Officer
COMPENSATION
NOK1M
TENURE
2.5 yrs

Asgeir Wien

TITLE
Chief Development Officer
COMPENSATION
NOK2M
AGE
52
TENURE
2.5 yrs

Erling Hoftun

TITLE
Vice President of Sales & Project Development

Bjørn Bache

TITLE
Chief Commercial Officer
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Scanship Holding board of directors in years:

1.4
Average Tenure
54
Average Age
  • The average tenure for the Scanship Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Narve Reiten

TITLE
Chairman
COMPENSATION
NOK187K
AGE
57

Bård Ingerø

TITLE
Director
COMPENSATION
NOK17K
TENURE
1.4 yrs

Susanne L. Schneider

TITLE
Director
COMPENSATION
NOK200K
AGE
52
TENURE
5.3 yrs

Benedicte Agerup

TITLE
Director
COMPENSATION
NOK17K
AGE
54
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
29. Aug 18 Buy Henrik Badin Individual 29. Aug 18 29. Aug 18 8,500 €0.53 €4,492
X
Management checks
We assess Scanship Holding'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. Scanship Holding 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

Simply Wall St News

Company Info

Description

Scanship Holding ASA, together with its subsidiaries, manufactures and supplies systems for processing and cleaning drainage water, food waste, and residual waste worldwide. The company operates through Projects and After Sales segments. It provides solutions for garbage handling, waste to energy, and scrubber wash water. The company’s technology portfolio includes systems for wastewater purification, food waste processing, dewatering, drying, incineration, and waste recycling. It provides advanced wastewater purification systems to treat various types of maritime wastewater; incinerator systems for burning sludge from food waste and waste water; vacuum systems for collecting, transporting, and further processing of food waste; and waste recycling systems. The company also offers bio-sludge system, a treatment system for sludge from waste water and food; and to reduce volume by dewatering and drying, as well as to disinfect. In addition, it provides water reuse units that are used to polish and prolong the use of recreational waters; waste destruction systems; and custom water treatment systems, as well as spare parts and consumables. Further, the company offers chemical products used in the waste management systems, and provides service and operational assistance related to these products. The company sells its products to cruise liners. Scanship Holding ASA was incorporated in 2011 and is headquartered in Lysaker, Norway.

Details
Name: Scanship Holding ASA
213
Exchange: DB
Founded: 2011
NOK133,641,746
96,175,525
Website: http://www.scanship.no
Address: Scanship Holding ASA
Lysaker Torg 12,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SSHIP Ordinary Shares Oslo Bors NO NOK 11. Apr 2014
OTCPK SSHP.F Ordinary Shares Pink Sheets LLC US USD 11. Apr 2014
DB 213 Ordinary Shares Deutsche Boerse AG DE EUR 11. Apr 2014
LSE 0QTW Ordinary Shares London Stock Exchange GB NOK 11. Apr 2014
Number of employees
Current staff
Staff numbers
66
Scanship Holding employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.