Dovre Group (HLSE:DOV1V) - Share price, News & Analysis

DOV1V fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	0/6

DOV1V Stock Overview

Dovre Group Plc, together with its subsidiaries, provides project management services worldwide.

Rewards

PE ratio (16.7x) is below the Finnish market (17.7x)

Earnings grew by 125.2% over the past year

Risk Analysis

Does not have a meaningful market cap (€62M)

Dovre Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dovre Group
Historical stock prices
Current Share Price	€0.58
52 Week High	€0.80
52 Week Low	€0.44
Beta	0.86
1 Month Change	-4.58%
3 Month Change	-16.24%
1 Year Change	32.20%
3 Year Change	159.11%
5 Year Change	109.71%
Change since IPO	-50.59%

Shareholder Returns

	DOV1V	FI Professional Services	FI Market
7D	1.6%	3.1%	2.5%
1Y	32.2%	-21.0%	-11.7%

Return vs Industry: DOV1V exceeded the Finnish Professional Services industry which returned -19.6% over the past year.

Return vs Market: DOV1V exceeded the Finnish Market which returned -11.5% over the past year.

Price Volatility

Is DOV1V's price volatile compared to industry and market?
DOV1V volatility
DOV1V Average Weekly Movement	4.9%
Professional Services Industry Average Movement	6.0%
Market Average Movement	6.2%
10% most volatile stocks in FI Market	9.0%
10% least volatile stocks in FI Market	4.4%

Stable Share Price: DOV1V is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DOV1V's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	603	Arve Jensen	https://www.dovregroup.com

Dovre Group Plc, together with its subsidiaries, provides project management services worldwide. It operates in two segments, Project Personnel and Consulting. The Project Personnel segment provides project personnel services for various investment projects.

Dovre Group Fundamentals Summary

How do Dovre Group's earnings and revenue compare to its market cap?
DOV1V fundamental statistics
Market Cap	€61.63m
Earnings (TTM)	€3.70m
Revenue (TTM)	€142.70m

16.7x

P/E Ratio

0.4x

P/S Ratio

Is DOV1V overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DOV1V income statement (TTM)
Revenue	€142.70m
Cost of Revenue	€135.80m
Gross Profit	€6.90m
Other Expenses	€3.20m
Earnings	€3.70m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)	0.035
Gross Margin	4.84%
Net Profit Margin	2.59%
Debt/Equity Ratio	30.3%

How did DOV1V perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

16.66x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DOV1V's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DOV1V's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: DOV1V is good value based on its PE Ratio (16.7x) compared to the Finnish Professional Services industry average (23.9x).

PE vs Market: DOV1V is good value based on its PE Ratio (16.7x) compared to the Finnish market (17.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DOV1V's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: DOV1V is overvalued based on its PB Ratio (2.4x) compared to the FI Professional Services industry average (2.1x).

Future Growth

How is Dovre Group 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

15.8%

Forecasted Commercial Services 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 Dovre Group 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.

Past Performance

How has Dovre Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

60.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DOV1V has high quality earnings.

Growing Profit Margin: DOV1V's current net profit margins (2.6%) are higher than last year (2.1%).

Past Earnings Growth Analysis

Earnings Trend: DOV1V has become profitable over the past 5 years, growing earnings by 60.9% per year.

Accelerating Growth: DOV1V's earnings growth over the past year (125.2%) exceeds its 5-year average (60.9% per year).

Earnings vs Industry: DOV1V earnings growth over the past year (125.2%) exceeded the Professional Services industry 11.8%.

Return on Equity

High ROE: DOV1V's Return on Equity (14.3%) is considered low.

Financial Health

How is Dovre Group'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: DOV1V's short term assets (€35.1M) exceed its short term liabilities (€30.6M).

Long Term Liabilities: DOV1V's short term assets (€35.1M) exceed its long term liabilities (€4.7M).

Debt to Equity History and Analysis

Debt Level: DOV1V's net debt to equity ratio (9.3%) is considered satisfactory.

Reducing Debt: DOV1V's debt to equity ratio has increased from 13.9% to 30.3% over the past 5 years.

Debt Coverage: DOV1V's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: DOV1V's interest payments on its debt are well covered by EBIT (27.9x coverage).

Balance Sheet

Dividend

What is Dovre Group 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
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DOV1V's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DOV1V'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 DOV1V's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DOV1V's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: DOV1V is not paying a notable dividend for the Finnish market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DOV1V has not reported any payouts.

Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure

CEO

Arve Jensen (62 yo)

3.5yrs

Tenure

€239,000

Compensation

Mr. Arve Jensen, M.Sc. (Mech.) serves as President of Business Area Project Personnel at Dovre Group Plc since March 2021. He has been Chief Executive Officer of Dovre Group Plc since November 1, 2018 and...

Leadership Team

Experienced Management: DOV1V's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: DOV1V's board of directors are considered experienced (4.2 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31