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HARB

Harboes Bryggeri CPSE:HARB B Stock Report

Last Price

kr.74.60

Market Cap

kr.315.0m

7D

1.1%

1Y

-35.1%

Updated

11 Aug, 2022

Data

Company Financials
HARB B fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

HARB B Stock Overview

Harboes Bryggeri A/S develops, produces, and markets beverages and malt-based food ingredients.

Harboes Bryggeri Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Harboes Bryggeri
Historical stock prices
Current Share Pricekr.74.60
52 Week Highkr.116.50
52 Week Lowkr.66.00
Beta0.53
1 Month Change1.36%
3 Month Change-4.36%
1 Year Change-35.13%
3 Year Change6.27%
5 Year Change-35.97%
Change since IPO-30.28%

Recent News & Updates

Shareholder Returns

HARB BDK BeverageDK Market
7D1.1%0.3%0.1%
1Y-35.1%-0.7%-3.5%

Return vs Industry: HARB B underperformed the Danish Beverage industry which returned -0.7% over the past year.

Return vs Market: HARB B underperformed the Danish Market which returned -4.1% over the past year.

Price Volatility

Is HARB B's price volatile compared to industry and market?
HARB B volatility
HARB B Average Weekly Movement3.3%
Beverage Industry Average Movement3.8%
Market Average Movement5.9%
10% most volatile stocks in DK Market10.8%
10% least volatile stocks in DK Market3.3%

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

Volatility Over Time: HARB B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1883504Soren Mallinghttps://www.harboe.com

Harboes Bryggeri A/S develops, produces, and markets beverages and malt-based food ingredients. The company offers beer under the Bear Beer, Harboe, and Darguner brands. It also provides soft drinks, juices, and other non-alcoholic beverages under the Hyper Malt, Caribia, XRAY brand, Ego Organic, Harboe, and Pure brands.

Harboes Bryggeri Fundamentals Summary

How do Harboes Bryggeri's earnings and revenue compare to its market cap?
HARB B fundamental statistics
Market Capkr.315.01m
Earnings (TTM)-kr.4.25m
Revenue (TTM)kr.1.42b

0.2x

P/S Ratio

-74.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HARB B income statement (TTM)
Revenuekr.1.42b
Cost of Revenuekr.1.16b
Gross Profitkr.257.82m
Other Expenseskr.262.07m
Earnings-kr.4.25m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

Sep 29, 2022

Earnings per share (EPS)-1.01
Gross Margin18.16%
Net Profit Margin-0.30%
Debt/Equity Ratio12.7%

How did HARB B perform over the long term?

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

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 HARB B?

Other financial metrics that can be useful for relative valuation.

HARB B 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/Revenue0.3x
Enterprise Value/EBITDA4.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HARB B's PS Ratio compare to its peers?

HARB B PS Ratio vs Peers
The above table shows the PS ratio for HARB B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2x
RBREW Royal Unibrew
3.4x5.1%kr.31.2b
FFARMS FirstFarms
1.9xn/akr.659.3m
CARL B Carlsberg
2x4.3%kr.142.7b
236 San Miguel Brewery Hong Kong
0.5xn/aHK$343.7m
HARB B Harboes Bryggeri
0.2xn/akr.315.0m

Price-To-Sales vs Peers: HARB B is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (2x).


Price to Earnings Ratio vs Industry

How does HARB B's PE Ratio compare vs other companies in the European Beverage Industry?

Price-To-Sales vs Industry: HARB B is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Beverage industry average (1.7x)


Price to Sales Ratio vs Fair Ratio

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

HARB B PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HARB B's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: HARB B (DKK74.6) is trading below our estimate of fair value (DKK101.71)

Significantly Below Fair Value: HARB B 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 Harboes Bryggeri forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.8%

Forecasted Food, Beverage & Tobacco 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 Harboes Bryggeri 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.


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  • Examine whether Harboes Bryggeri is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Harboes Bryggeri competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Harboes Bryggeri performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HARB B is currently unprofitable.

Growing Profit Margin: HARB B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HARB B is unprofitable, and losses have increased over the past 5 years at a rate of 31.2% per year.

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

Earnings vs Industry: HARB B is unprofitable, making it difficult to compare its past year earnings growth to the Beverage industry (38.2%).


Return on Equity

High ROE: HARB B has a negative Return on Equity (-0.62%), as it is currently unprofitable.


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Financial Health

How is Harboes Bryggeri's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HARB B's short term assets (DKK489.4M) exceed its short term liabilities (DKK294.9M).

Long Term Liabilities: HARB B's short term assets (DKK489.4M) exceed its long term liabilities (DKK167.1M).


Debt to Equity History and Analysis

Debt Level: HARB B's net debt to equity ratio (5.9%) is considered satisfactory.

Reducing Debt: HARB B's debt to equity ratio has reduced from 22.7% to 12.7% over the past 5 years.

Debt Coverage: HARB B's debt is well covered by operating cash flow (116%).

Interest Coverage: HARB B's interest payments on its debt are not well covered by EBIT (0.6x coverage).


Balance Sheet


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Dividend

What is Harboes Bryggeri 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 HARB B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

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

2.6yrs

Average board tenure


CEO

Soren Malling (51 yo)

no data

Tenure

Mr. Soren Malling had been Non-independent member of the Board of Directors of Harboes Bryggeri A/S since 2019 until 2020 and also serves as its Chief Executive Officer. Mr. Malling trained internally at H...


Board Members

Experienced Board: HARB B's board of directors are not considered experienced ( 2.6 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

Harboes Bryggeri A/S's employee growth, exchange listings and data sources


Key Information

  • Name: Harboes Bryggeri A/S
  • Ticker: HARB B
  • Exchange: CPSE
  • Founded: 1883
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr.315.010m
  • Shares outstanding: 4.22m
  • Website: https://www.harboe.com

Number of Employees


Location

  • Harboes Bryggeri A/S
  • Spegerborgvej 34
  • Skælskør
  • Zealand Region
  • 4230
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/04/30
Annual Earnings2022/04/30


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.