CPSE:ROV

Stock Analysis Report

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Executive Summary

Rovsing A/S develops, manufactures, and delivers systems for functional and electrical testing of spacecrafts and their payloads in Europe and internationally. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ROV is more volatile than 75% of Danish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ROV's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Danish stocks.


Market Performance


7 Day Return

-2.8%

ROV

2.3%

DK Aerospace & Defense

1.5%

DK Market


1 Year Return

7.0%

ROV

-25.4%

DK Aerospace & Defense

24.8%

DK Market

Return vs Industry: ROV exceeded the Danish Aerospace & Defense industry which returned -25.4% over the past year.

Return vs Market: ROV underperformed the Danish Market which returned 24.8% over the past year.


Shareholder returns

ROVIndustryMarket
7 Day-2.8%2.3%1.5%
30 Day13.7%4.4%3.9%
90 Day14.1%29.4%10.5%
1 Year7.0%7.0%-24.9%-25.4%27.2%24.8%
3 Year-58.8%-58.8%5.4%0.3%54.6%42.5%
5 Year-59.6%-59.6%54.1%40.3%69.2%47.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ROV (DKK61.4) is trading below our estimate of fair value (DKK1765.48)

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


Price To Earnings Ratio

PE vs Industry: ROV is unprofitable, so we can't compare its PE Ratio to the XE Aerospace & Defense industry average.

PE vs Market: ROV 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 ROV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ROV is overvalued based on its PB Ratio (2.5x) compared to the XE Aerospace & Defense industry average (2x).


Next Steps

Future Growth

How is Rovsing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.8%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rovsing has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Rovsing performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROV is currently unprofitable.

Growing Profit Margin: ROV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ROV is unprofitable, but has reduced losses over the past 5 years at a rate of 14.1% per year.

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

Earnings vs Industry: ROV is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (-19.1%).


Return on Equity

High ROE: ROV has a negative Return on Equity (-59.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is Rovsing's financial position?


Financial Position Analysis

Short Term Liabilities: ROV's short term assets (DKK9.2M) do not cover its short term liabilities (DKK15.4M).

Long Term Liabilities: ROV's short term assets (DKK9.2M) exceed its long term liabilities (DKK385.0K).


Debt to Equity History and Analysis

Debt Level: ROV's debt to equity ratio (57.7%) is considered high.

Reducing Debt: ROV's debt to equity ratio has increased from 32.8% to 57.7% 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 ROV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ROV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.4% per year.


Next Steps

Dividend

What is Rovsing current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ROV'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 ROV's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ROV'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?

3.1yrs

Average board tenure


CEO

Hjalti Thorvardarson

2.83yrs

Tenure

Mr. Hjalti Pall Thorvardarson has been Chief Executive Officer of Rovsing A/S since March 1, 2018. Mr. Thorvardarson has been with Rovsing for eight years and knows the Rovsing's products and capabilities ...


Board Members

NamePositionTenureCompensationOwnership
Flemming Hynkemejer
Director3.25yrsno datano data
Michael Hove
Chairman of the Board3yrsno data2.53%
DKK 717.1k
Ulrich Beck
Director3.25yrsno data0.54%
DKK 153.9k
Steen Rosenkvist
Director2yrsno datano data

3.1yrs

Average Tenure

53yo

Average Age

Experienced Board: ROV's board of directors are considered experienced (3.1 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

Rovsing A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rovsing A/S
  • Ticker: ROV
  • Exchange: CPSE
  • Founded: 1992
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: kr.28.389m
  • Shares outstanding: 457.88k
  • Website: https://www.rovsing.dk

Number of Employees


Location

  • Rovsing A/S
  • Dyregårdsvej 2
  • Skovlunde
  • Capital Region of Denmark
  • 2740
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROVCPSE (OMX Nordic Exchange Copenhagen)YesA SharesDKDKKDec 2006
0Q51LSE (London Stock Exchange)YesA SharesGBDKKDec 2006
ROVCBATS-CHIXE (BATS 'Chi-X Europe')YesA SharesGBDKKDec 2006
RVYDB (Deutsche Boerse AG)YesA SharesDEEURDec 2006

Biography

Rovsing A/S develops, manufactures, and delivers systems for functional and electrical testing of spacecrafts and their payloads in Europe and internationally. It offers satellite and payload check-out sys...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:11
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.