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MTHH

MT Højgaard Holding CPSE:MTHH Stock Report

Last Price

kr.131.00

Market Cap

kr.1.0b

7D

7.8%

1Y

-39.9%

Updated

17 Aug, 2022

Data

Company Financials +
MTHH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health4/6
Dividends0/6

MTHH Stock Overview

MT Højgaard Holding A/S engages in the construction, civil engineering, and infrastructure businesses in Denmark and internationally.

MT Højgaard Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MT Højgaard Holding
Historical stock prices
Current Share Pricekr.131.00
52 Week Highkr.235.00
52 Week Lowkr.102.50
Beta1.39
1 Month Change11.02%
3 Month Change-5.07%
1 Year Change-39.91%
3 Year Change81.94%
5 Year Change-37.62%
Change since IPO65.40%

Recent News & Updates

Jun 23
Slammed 31% MT Højgaard Holding A/S (CPH:MTHH) Screens Well Here But There Might Be A Catch

Slammed 31% MT Højgaard Holding A/S (CPH:MTHH) Screens Well Here But There Might Be A Catch

The MT Højgaard Holding A/S ( CPH:MTHH ) share price has fared very poorly over the last month, falling by a...

Jun 04
Is It Time To Consider Buying MT Højgaard Holding A/S (CPH:MTHH)?

Is It Time To Consider Buying MT Højgaard Holding A/S (CPH:MTHH)?

MT Højgaard Holding A/S ( CPH:MTHH ), is not the largest company out there, but it saw a decent share price growth in...

May 12
We Think MT Højgaard Holding (CPH:MTHH) Is Taking Some Risk With Its Debt

We Think MT Højgaard Holding (CPH:MTHH) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

MTHHDK ConstructionDK Market
7D7.8%0.4%-1.3%
1Y-39.9%-7.2%-7.2%

Return vs Industry: MTHH underperformed the Danish Construction industry which returned -5.6% over the past year.

Return vs Market: MTHH underperformed the Danish Market which returned -6.8% over the past year.

Price Volatility

Is MTHH's price volatile compared to industry and market?
MTHH volatility
MTHH Average Weekly Movement9.1%
Construction Industry Average Movement4.9%
Market Average Movement5.9%
10% most volatile stocks in DK Market11.0%
10% least volatile stocks in DK Market3.2%

Stable Share Price: MTHH is more volatile than 75% of Danish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MTHH's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Danish stocks.

About the Company

FoundedEmployeesCEOWebsite
19182,846Henrik Mielkehttps://www.mthh.dk

MT Højgaard Holding A/S engages in the construction, civil engineering, and infrastructure businesses in Denmark and internationally. It develops, constructs, and renovates buildings for private and public customers, organizations, and housing associations; renovates schools, commercial buildings, day care institutions, and co-operative and owner-occupied housing; and constructs new housing, schools, institutions, offices, and other buildings. The company also undertakes construction and development of infrastructure projects, land and framing, and water and raw houses; design of construction sites; and rental of equipment.

MT Højgaard Holding Fundamentals Summary

How do MT Højgaard Holding's earnings and revenue compare to its market cap?
MTHH fundamental statistics
Market Capkr.1.01b
Earnings (TTM)kr.135.20m
Revenue (TTM)kr.7.59b

7.4x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTHH income statement (TTM)
Revenuekr.7.59b
Cost of Revenuekr.7.03b
Gross Profitkr.558.30m
Other Expenseskr.423.10m
Earningskr.135.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)17.62
Gross Margin7.36%
Net Profit Margin1.78%
Debt/Equity Ratio56.0%

How did MTHH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MTHH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTHH?

Other financial metrics that can be useful for relative valuation.

MTHH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA5.8x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does MTHH's PE Ratio compare to its peers?

MTHH PE Ratio vs Peers
The above table shows the PE ratio for MTHH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.2x
PAAL B Per Aarsleff Holding
9.2x13.5%kr.4.3b
SANI Sanistål
59.7xn/akr.1.0b
AOJ B Brødrene A & O Johansen
7.8xn/akr.2.0b
EDAC EdiliziAcrobatica
11.9x16.5%€132.2m
MTHH MT Højgaard Holding
7.4x27.5%kr.1.0b

Price-To-Earnings vs Peers: MTHH is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (22.2x).


Price to Earnings Ratio vs Industry

How does MTHH's PE Ratio compare vs other companies in the European Construction Industry?

Price-To-Earnings vs Industry: MTHH is good value based on its Price-To-Earnings Ratio (7.4x) compared to the European Construction industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is MTHH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTHH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: MTHH is good value based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).


Share Price vs Fair Value

What is the Fair Price of MTHH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MTHH (DKK131) is trading below our estimate of fair value (DKK697.5)

Significantly Below Fair Value: MTHH is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is MT Højgaard Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTHH's forecast earnings growth (27.5% per year) is above the savings rate (0.1%).

Earnings vs Market: MTHH's earnings (27.5% per year) are forecast to grow faster than the Danish market (8.1% per year).

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

Revenue vs Market: MTHH's revenue (1.8% per year) is forecast to grow slower than the Danish market (6.1% per year).

High Growth Revenue: MTHH's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTHH's Return on Equity is forecast to be high in 3 years time (20.6%)


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Past Performance

How has MT Højgaard Holding performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


38.2%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: MTHH's current net profit margins (1.8%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: MTHH has become profitable over the past 5 years, growing earnings by 38.2% per year.

Accelerating Growth: MTHH's earnings growth over the past year (377.7%) exceeds its 5-year average (38.2% per year).

Earnings vs Industry: MTHH earnings growth over the past year (377.7%) exceeded the Construction industry 34.1%.


Return on Equity

High ROE: MTHH's Return on Equity (18.2%) is considered low.


Discover strong past performing companies

Financial Health

How is MT Højgaard Holding's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MTHH's short term assets (DKK2.9B) exceed its short term liabilities (DKK2.5B).

Long Term Liabilities: MTHH's short term assets (DKK2.9B) exceed its long term liabilities (DKK1.2B).


Debt to Equity History and Analysis

Debt Level: MTHH's net debt to equity ratio (25.9%) is considered satisfactory.

Reducing Debt: MTHH's debt to equity ratio has increased from 9.1% to 56% over the past 5 years.

Debt Coverage: MTHH's debt is not well covered by operating cash flow (14%).

Interest Coverage: MTHH's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


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Dividend

What is MT Højgaard Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MTHH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MTHH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MTHH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTHH's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: MTHH is not paying a notable dividend for the Danish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MTHH has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average board tenure


CEO

Henrik Mielke

0.42yr

Tenure

Mr. Henrik Mielke serves as Chief Executive Officer, President and Member of Executive Board of MT Højgaard Holding A/S since March 15, 2022. He has been Chief Executive Officer of Enemærke & Petersen sinc...


Board Members

Experienced Board: MTHH's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

MT Højgaard Holding A/S's employee growth, exchange listings and data sources


Key Information

  • Name: MT Højgaard Holding A/S
  • Ticker: MTHH
  • Exchange: CPSE
  • Founded: 1918
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: kr.1.005b
  • Shares outstanding: 7.67m
  • Website: https://www.mthh.dk

Number of Employees


Location

  • MT Højgaard Holding A/S
  • Knud Højgaards Vej 7
  • Søborg
  • Capital Region of Denmark
  • 2860
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.