CPSE:MTHH

Stock Analysis Report

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Executive Summary

MT Højgaard Holding A/S operates in the construction and civil engineering industry in Denmark, the North Atlantic countries, and internationally. More Details

Rewards

Trading at 4.8% below our estimate of its fair value

Earnings are forecast to grow 56.49% per year

Risk Analysis

No risks detected for MTHH from our risk checks.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MTHH is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MTHH's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

MTHH

-1.0%

DK Construction

-2.1%

DK Market


1 Year Return

60.0%

MTHH

-13.2%

DK Construction

23.6%

DK Market

Return vs Industry: MTHH exceeded the Danish Construction industry which returned -13.2% over the past year.

Return vs Market: MTHH exceeded the Danish Market which returned 23.9% over the past year.


Shareholder returns

MTHHIndustryMarket
7 Day-1.6%-1.0%-2.1%
30 Day4.5%2.0%2.8%
90 Day44.9%15.6%5.2%
1 Year60.0%60.0%-10.8%-13.2%26.0%23.6%
3 Year2.8%2.8%-1.6%-11.0%52.4%40.5%
5 Year-50.3%-50.3%33.6%13.9%70.7%48.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTHH (DKK184) is trading below our estimate of fair value (DKK193.29)

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


Price To Earnings Ratio

PE vs Industry: MTHH is unprofitable, so we can't compare its PE Ratio to the XE Construction industry average.

PE vs Market: MTHH is unprofitable, so we can't compare its PE Ratio to the Danish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MTHH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MTHH is overvalued based on its PB Ratio (2.5x) compared to the XE Construction industry average (1.2x).


Next Steps

Future Growth

How is MT Højgaard Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

56.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTHH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: MTHH is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MTHH's is expected to become profitable in the next 3 years.

Revenue vs Market: MTHH's revenue (4.1% per year) is forecast to grow slower than the Danish market (6.8% per year).

High Growth Revenue: MTHH's revenue (4.1% 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 (20.4%)


Next Steps

Past Performance

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

-32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTHH is currently unprofitable.

Growing Profit Margin: MTHH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MTHH is unprofitable, and losses have increased over the past 5 years at a rate of 32.1% per year.

Accelerating Growth: Unable to compare MTHH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MTHH is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (1.8%).


Return on Equity

High ROE: MTHH has a negative Return on Equity (-12.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is MT Højgaard Holding's financial position?


Financial Position Analysis

Short Term Liabilities: MTHH's short term assets (DKK2.4B) exceed its short term liabilities (DKK2.3B).

Long Term Liabilities: MTHH's short term assets (DKK2.4B) exceed its long term liabilities (DKK1.2B).


Debt to Equity History and Analysis

Debt Level: MTHH's debt to equity ratio (80.1%) is considered high.

Reducing Debt: MTHH's debt to equity ratio has increased from 9.3% to 80.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MTHH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MTHH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14% per year.


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

5.0yrs

Average board tenure


CEO

Morten Hansen (56 yo)

1.17yrs

Tenure

Mr. Morten Hansen is the Owner and CEO in Omnia Invest A/S, Tirsbæk Bakker A/S and Juulsbjerg Ejendomme A/S. He serves as President and Chief Executive Officer at MT Højgaard Holding A/S and MT Højgaard A/...


Board Members

NamePositionTenureCompensationOwnership
Carsten Dilling
Independent Chairman1.75yrsno datano data
Christine Thorsen
Independent Director5yrsno data0.056%
DKK 804.3k
Anders Lindberg
Independent Vice Chairman2yrsno datano data
Pernille Fabricius
Independent Director6.75yrsno datano data
Ole Jess Røsdahl
Independent Director6yrsno datano data

5.0yrs

Average Tenure

56yo

Average Age

Experienced Board: MTHH's board of directors are considered experienced (5 years average tenure).


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 company bio, 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
  • Market Cap: kr.1.430b
  • Shares outstanding: 7.77m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTHHCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKJan 1992
0JD8LSE (London Stock Exchange)YesOrdinary SharesGBDKKJan 1992

Biography

MT Højgaard Holding A/S operates in the construction and civil engineering industry in Denmark, the North Atlantic countries, and internationally. The company develops, constructs, and refurbishes building...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:09
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.