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HAE1

AS Harju Elekter TLSE:HAE1T Stock Report

Last Price

€5.20

Market Cap

€93.8m

7D

3.0%

1Y

-36.1%

Updated

12 Aug, 2022

Data

Company Financials
HAE1T fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends2/6

HAE1T Stock Overview

AS Harju Elekter develops, produces, and sells electric and automation solutions in Estonia, Finland, Sweden, Lithuania, and internationally.

AS Harju Elekter Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AS Harju Elekter
Historical stock prices
Current Share Price€5.20
52 Week High€8.36
52 Week Low€4.85
Beta0.91
1 Month Change1.96%
3 Month Change-21.69%
1 Year Change-36.12%
3 Year Change20.37%
5 Year Change24.70%
Change since IPO-66.09%

Recent News & Updates

Shareholder Returns

HAE1TEE ElectricalEE Market
7D3.0%0.9%4.6%
1Y-36.1%-15.6%-11.4%

Return vs Industry: HAE1T underperformed the EE Electrical industry which returned -15.6% over the past year.

Return vs Market: HAE1T underperformed the EE Market which returned -11.4% over the past year.

Price Volatility

Is HAE1T's price volatile compared to industry and market?
HAE1T volatility
HAE1T Average Weekly Movement3.3%
Electrical Industry Average Movement6.5%
Market Average Movement2.9%
10% most volatile stocks in EE Market4.5%
10% least volatile stocks in EE Market1.9%

Stable Share Price: HAE1T is not significantly more volatile than the rest of EE stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HAE1T's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968925Tiit Atsohttps://www.harjuelekter.com

AS Harju Elekter develops, produces, and sells electric and automation solutions in Estonia, Finland, Sweden, Lithuania, and internationally. It operates through three segments: Production, Real estate, Other Activities. The company designs, manufactures, sales, and after-sales services of electricity distribution, switching, and conversion equipment and automation, process control, and industrial control equipment; electrical equipment for the electricity distribution, industrial, and construction sectors; sheet metal products and solutions for the electrical engineering and telecom sectors; multidrive, MCC, and electricity distribution systems for engineering and contract manufacturing; industrial automation devices and substations; and electricity switching and transformation equipment, as well as automatic and control centers.

AS Harju Elekter Fundamentals Summary

How do AS Harju Elekter's earnings and revenue compare to its market cap?
HAE1T fundamental statistics
Market Cap€93.83m
Earnings (TTM)-€2.71m
Revenue (TTM)€164.96m

0.6x

P/S Ratio

-35.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAE1T income statement (TTM)
Revenue€164.96m
Cost of Revenue€151.29m
Gross Profit€13.68m
Other Expenses€16.39m
Earnings-€2.71m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 26, 2022

Earnings per share (EPS)-0.15
Gross Margin8.29%
Net Profit Margin-1.65%
Debt/Equity Ratio39.9%

How did HAE1T perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

-93%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HAE1T undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 HAE1T?

Other financial metrics that can be useful for relative valuation.

HAE1T 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/Revenue0.8x
Enterprise Value/EBITDA120.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HAE1T's PS Ratio compare to its peers?

HAE1T PS Ratio vs Peers
The above table shows the PS ratio for HAE1T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
MRK1T AS Merko Ehitus
0.7xn/a€246.4m
NCN1T Nordecon
0.09xn/a€27.7m
A033100 Cheryong ElectricLtd
2.5xn/a₩120.8b
A006340 Daewon Cable
0.2xn/a₩120.9b
HAE1T AS Harju Elekter
0.6xn/a€93.8m

Price-To-Sales vs Peers: HAE1T is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does HAE1T's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Sales vs Industry: HAE1T is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Electrical industry average (2x)


Price to Sales Ratio vs Fair Ratio

What is HAE1T'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.

HAE1T PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HAE1T's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HAE1T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HAE1T (€5.2) is trading above our estimate of fair value (€1.65)

Significantly Below Fair Value: HAE1T is trading above our estimate of fair value.


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 AS Harju Elekter 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


23.9%

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 AS Harju Elekter 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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  • Take a look at our analysis of HAE1T’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has AS Harju Elekter 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


-56.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HAE1T is currently unprofitable.

Growing Profit Margin: HAE1T is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HAE1T is unprofitable, and losses have increased over the past 5 years at a rate of 56.5% per year.

Accelerating Growth: Unable to compare HAE1T's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HAE1T is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (28.3%).


Return on Equity

High ROE: HAE1T has a negative Return on Equity (-3.36%), as it is currently unprofitable.


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Financial Health

How is AS Harju Elekter's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HAE1T's short term assets (€71.7M) exceed its short term liabilities (€60.6M).

Long Term Liabilities: HAE1T's short term assets (€71.7M) exceed its long term liabilities (€14.2M).


Debt to Equity History and Analysis

Debt Level: HAE1T's net debt to equity ratio (39.2%) is considered satisfactory.

Reducing Debt: HAE1T's debt to equity ratio has increased from 3.6% to 39.9% over the past 5 years.

Debt Coverage: HAE1T's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HAE1T's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is AS Harju Elekter current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.69%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HAE1T's dividend (2.69%) is higher than the bottom 25% of dividend payers in the EE market (1.75%).

High Dividend: HAE1T's dividend (2.69%) is low compared to the top 25% of dividend payers in the EE market (6.66%).


Stability and Growth of Payments

Stable Dividend: HAE1T's dividend payments have been volatile in the past 10 years.

Growing Dividend: HAE1T's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: HAE1T is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: HAE1T is paying a dividend but the company has no free cash flows.


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Management

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

3.8yrs

Average management tenure


CEO

Tiit Atso (44 yo)

8.58yrs

Tenure

Mr. Tiit Atso has been the Chairman of Management Board and Chief Executive Officer of AS Harju Elekter since May 4, 2020 and has been its Chief Financial Officer since 2014 and its Member of Management Bo...


Leadership Team

Experienced Management: HAE1T's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: HAE1T's board of directors are considered experienced (8.3 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

AS Harju Elekter's employee growth, exchange listings and data sources


Key Information

  • Name: AS Harju Elekter
  • Ticker: HAE1T
  • Exchange: TLSE
  • Founded: 1968
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: €93.825m
  • Shares outstanding: 18.29m
  • Website: https://www.harjuelekter.com

Number of Employees


Location

  • AS Harju Elekter
  • Paldiski mnt 31
  • Keila
  • 76606
  • Estonia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
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.