Buy Or Sell Opportunity • Jul 09
Now 20% overvalued Over the last 90 days, the stock has fallen 2.3% to kr.5.86. The fair value is estimated to be kr.4.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • May 26
Now 28% overvalued The stock has been flat over the last 90 days, currently trading at kr.5.86. The fair value is estimated to be kr.4.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 15%. Recent Insider Transactions • May 21
Chief Executive Officer recently sold kr.321k worth of stock On the 19th of May, Hans Hansen sold around 53k shares on-market at roughly kr.6.01 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Hans' only on-market trade for the last 12 months. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: kr.0.39 (vs kr.0.17 in 1Q 2025) First quarter 2026 results: EPS: kr.0.39 (up from kr.0.17 in 1Q 2025). Revenue: kr.81.4m (up 50% from 1Q 2025). Net income: kr.9.81m (up 137% from 1Q 2025). Profit margin: 12% (up from 7.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Hove A/S Announces Changes to Its Board The annual general meeting of HOVE A/S was held on 23 April 2026, approved that Mette Sos Lassesen did not stand for relection and appointed Knud Andersen as board member and Chairman of the board of directors. Upcoming Dividend • Apr 17
Upcoming dividend of kr.0.25 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 28 April 2026. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Danish dividend payers (4.3%). Higher than average of industry peers (2.4%). Declared Dividend • Mar 30
Dividend increased to kr.0.25 Dividend of kr.0.25 is 79% higher than last year. Ex-date: 24th April 2026 Payment date: 28th April 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 22% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 28
Hove A/S announces Annual dividend, payable on April 28, 2026 Hove A/S announced Annual dividend of DKK 0.2500 per share payable on April 28, 2026, ex-date on April 24, 2026 and record date on April 27, 2026. Announcement • Jan 09
Hove A/S Provides Earning Guidance for the Full Year 2026 Hove A/S provided earning guidance for the full year 2026. For the period, the company expects revenue to be in the range of DKK 210 million to DKK 240 million. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (kr.124.6m market cap, or US$19.6m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr.5.48, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 21x in the Machinery industry in Europe. Total returns to shareholders of 30% over the past three years. Announcement • Dec 04
Hove A/S, Annual General Meeting, Apr 23, 2026 Hove A/S, Annual General Meeting, Apr 23, 2026. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: kr.0.20 (vs kr.0.018 in 3Q 2024) Third quarter 2025 results: EPS: kr.0.20 (up from kr.0.018 in 3Q 2024). Revenue: kr.57.0m (up 36% from 3Q 2024). Net income: kr.5.10m (up kr.4.64m from 3Q 2024). Profit margin: 8.9% (up from 1.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr.5.36, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 19x in the Machinery industry in Denmark. Total returns to shareholders of 81% over the past three years. New Risk • Sep 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (kr.116.8m market cap, or US$18.3m). Reported Earnings • Aug 19
First half 2025 earnings released: EPS: kr.0.33 (vs kr.0.19 in 1H 2024) First half 2025 results: EPS: kr.0.33 (up from kr.0.19 in 1H 2024). Revenue: kr.108.3m (up 27% from 1H 2024). Net income: kr.8.29m (up 75% from 1H 2024). Profit margin: 7.7% (up from 5.5% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr.4.29, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the Machinery industry in Denmark. Total returns to shareholders of 42% over the past three years. Announcement • Aug 15
Hove A/S to Report Q3, 2025 Results on Nov 17, 2025 Hove A/S announced that they will report Q3, 2025 results on Nov 17, 2025 New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (kr.79.8m market cap, or US$12.4m). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.3.62, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 16x in the Machinery industry in Denmark. Total returns to shareholders of 26% over the past three years. Buy Or Sell Opportunity • Jul 16
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at kr.3.20. The fair value is estimated to be kr.2.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 2.6%. Buy Or Sell Opportunity • Jun 12
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to kr.3.17. The fair value is estimated to be kr.2.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 2.6%. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (kr.82.1m market cap, or US$12.5m). Buy Or Sell Opportunity • Apr 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 6.7% to kr.3.49. The fair value is estimated to be kr.2.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 2.6%. Announcement • Apr 24
Hove A/S Approves Dividend Hove A/S announced that the annual general meeting approved the proposal of the Board of Directors to distribute a dividend of DKK 0.14 per share of a nominal value of DKK 0.10. Announcement • Apr 09
Hove A/S Announces Dennis Schade Forchhammer Is Not Seeking Re-Election to the Board Hove A/S announced Dennis Schade Forchhammer is not seeking re-election to the Board of Directors. New Risk • Apr 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (kr.79.6m market cap, or US$11.5m). New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (kr.78.4m market cap, or US$11.4m). Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: kr.0.23 (vs kr.0.15 in FY 2023) Full year 2024 results: EPS: kr.0.23 (up from kr.0.15 in FY 2023). Revenue: kr.169.3m (down 9.4% from FY 2023). Net income: kr.5.66m (up 58% from FY 2023). Profit margin: 3.3% (up from 1.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (kr.87.0m market cap, or US$12.7m). Buy Or Sell Opportunity • Jan 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to kr.3.04. The fair value is estimated to be kr.3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last year. Earnings per share has declined by 95%. Buy Or Sell Opportunity • Dec 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to kr.3.11. The fair value is estimated to be kr.3.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last year. Earnings per share has declined by 95%. New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (kr.92.2m market cap, or US$13.8m). Buy Or Sell Opportunity • Sep 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to kr.3.05. The fair value is estimated to be kr.3.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last year. Earnings per share has declined by 95%. Announcement • Sep 16
Hove A/S Appoints Bent Faurskov as New CFO, Effective 1 November 2024 Hove A/S has appointed Bent Faurskov as new CFO from the 1 November 2024, when he will join the company's management. Bent Faurskov is an experienced CFO with more than 20 years of experience from international, listed manufacturing and distribution companies. He comes from a position as CFO in the LED iBond and previously held similar positions in Chemometec, Agillic and Dalhoff Larsen & Horneman. New Risk • Sep 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (kr.82.8m market cap, or US$12.3m). Announcement • Aug 23
Hove A/S to Report First Half, 2024 Results on Aug 29, 2024 Hove A/S announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Apr 05
Hove A/S, Annual General Meeting, Apr 25, 2024 Hove A/S, Annual General Meeting, Apr 25, 2024, at 13:00 Central European Standard Time. Location: Glostrup Park Hotel Hovedvejen 41, 2600 Glostrup Denmark Agenda: To consider the Board of Directors report on the activities of the Company during the past financial year; to consider adoption of the annual report; to consider resolution on distribution of profit or loss recorded in the annual report adopted by the general meeting; to consider discharge for the Board of Directors and the management; to consider approval of remuneration to the Board of Directors for the current financial year; to consider appointment of members of the Board of Directors; to consider appointment of auditor; to consider proposal for a new article in the Company's articles of association; and to transact other maters. New Risk • Apr 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 49% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (kr.138.2m market cap, or US$20.0m). Reported Earnings • Mar 25
Full year 2023 earnings released Full year 2023 results: Revenue: kr.187.0m (up 23% from FY 2022). Net income: kr.3.58m (down 50% from FY 2022). Profit margin: 1.9% (down from 4.7% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Mar 20
Hove A/S to Report Fiscal Year 2023 Results on Mar 21, 2024 Hove A/S announced that they will report fiscal year 2023 results on Mar 21, 2024 New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (kr.151.9m market cap, or US$22.2m). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr.6.26, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Machinery industry in Denmark. Total returns to shareholders of 27% over the past year. Announcement • Mar 01
Hove A/S Announces CFO Changes Hove A/S announced that Patrick Bentsen will go on maternity leave starting on 1 March 2024. Hans Christian Hansen (CEO) and Thomas Kjelbæk (COO) will take over the CFO duties during the maternity leave period. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr.6.62, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 12x in the Machinery industry in Denmark. Total returns to shareholders of 95% over the past year. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr.9.72, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 14x in the Machinery industry in Denmark. Total returns to shareholders of 242% over the past year. New Risk • Sep 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (36% accrual ratio). Minor Risk Market cap is less than US$100m (kr.214.6m market cap, or US$31.0m). Announcement • Jul 04
Hove A/S Revises Earnings Guidance for the Financial Year 2023 Hove A/S revised earnings guidance for the financial year 2023. For the year, the company expects revenue is changed to DKK 175-190 million (previously DKK 145-160 million). New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (kr.136.3m market cap, or US$19.9m). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to kr.5.86, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 15x in the Machinery industry in Denmark. Total returns to shareholders of 102% over the past year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr.5.00, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 15x in the Machinery industry in Denmark. Total returns to shareholders of 57% over the past year. Announcement • May 12
Hove A/S Announces CFO Changes Hove A/S announced that Patrick Bentsen, current Finance Manager in Hove, takes up the position as interim CFO, while Thomas Kjeldbæk, incumbent CFO, goes on paternity leave, starting 22 of May, 2023. Announcement • May 04
Hove A/S Announces Chief Executive Officer Changes Hove A/S announced that CEO Maja Vonsild Jørgensen has chosen to resign from her position and has therefore submitted her resignation to the board of directors. Hans Christian Hansen, former CEO of Hove A/S, becomes acting CEO. Hans Christian Hansen will remain as CEO until a successor to Maja Vonsild Jørgensen has been found, thereby ensuring a smooth transition. At the same time, a process to find a new managing director for Hove A/S, will be initiated. Maja Vonsild Jørgensen took up the position as CEO of Hove A/S in June 2021 and has successfully completed an IPO for Hove A/S as well as overseeing the preparation and execution of the strategic plan since then. In the past two years, Hove A/S has shown solid growth in both turnover and earnings. Announcement • Feb 03
Hove CEO Maja Vonsild Jørgensen Extends Her Maternity Leave, Returning to Work on 1 May 2023 Hove CEO Maja Vonsild Jørgensen has decided to extend her maternity leave by two months and is now expected to return to work on 1st of May 2023. The extension will not cause any other changes. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 27
Hove A/S has completed an IPO in the amount of DKK 40 million. Hove A/S has completed an IPO in the amount of DKK 40 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: DKK 5