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Dovre Group

HLSE:DOV1V
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DOV1V
HLSE
€23M
Market Cap
  1. Home
  2. FI
  3. Commercial Services
Company description

Dovre Group Plc, together with its subsidiaries, provides project management services worldwide. The last earnings update was 49 days ago. More info.


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DOV1V Share Price and Events
7 Day Returns
1.3%
HLSE:DOV1V
-0.1%
FI Professional Services
0.8%
FI Market
1 Year Returns
-11.8%
HLSE:DOV1V
26.3%
FI Professional Services
3.5%
FI Market
DOV1V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dovre Group (DOV1V) 1.3% 0.9% -1.3% -11.8% -30.7% -52.7%
FI Professional Services -0.1% 2% 9.5% 26.3% 115.1% 105.8%
FI Market 0.8% 2.1% 5.8% 3.5% 27.5% 38.7%
1 Year Return vs Industry and Market
  • DOV1V underperformed the Professional Services industry which returned 26.3% over the past year.
  • DOV1V underperformed the Market in Finland which returned 3.5% over the past year.
Price Volatility
DOV1V
Industry
5yr Volatility vs Market

DOV1V Value

 Is Dovre Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dovre Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dovre Group.

HLSE:DOV1V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:DOV1V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.86 (1 + (1- 20%) (14.04%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.971 * 6.51%)
6.86%

Discounted Cash Flow Calculation for HLSE:DOV1V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dovre Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

HLSE:DOV1V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.86%)
2019 1.12 Est @ 25.68% 1.05
2020 1.32 Est @ 18.14% 1.16
2021 1.49 Est @ 12.86% 1.22
2022 1.63 Est @ 9.16% 1.25
2023 1.74 Est @ 6.58% 1.25
2024 1.82 Est @ 4.77% 1.22
2025 1.88 Est @ 3.5% 1.18
2026 1.93 Est @ 2.61% 1.14
2027 1.97 Est @ 1.99% 1.08
2028 2.00 Est @ 1.55% 1.03
Present value of next 10 years cash flows €11.57
HLSE:DOV1V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2.00 × (1 + 0.54%) ÷ (6.86% – 0.54%)
€31.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €31.81 ÷ (1 + 6.86%)10
€16.38
HLSE:DOV1V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €11.57 + €16.38
€27.95
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €27.95 / 99.30
€0.28
HLSE:DOV1V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.28
Current discount Discount to share price of €0.23
= -1 x (€0.23 - €0.28) / €0.28
17.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dovre Group is available for.
Intrinsic value
18%
Share price is €0.232 vs Future cash flow value of €0.2815
Current Discount Checks
For Dovre Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dovre Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Dovre Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dovre Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dovre Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:DOV1V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.01
HLSE:DOV1V Share Price ** HLSE (2019-04-24) in EUR €0.23
Finland Professional Services Industry PE Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 28.04x
Finland Market PE Ratio Median Figure of 108 Publicly-Listed Companies 19.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dovre Group.

HLSE:DOV1V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:DOV1V Share Price ÷ EPS (both in EUR)

= 0.23 ÷ 0.01

27.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dovre Group is good value based on earnings compared to the FI Professional Services industry average.
  • Dovre Group is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Dovre Group's expected growth come at a high price?
Raw Data
HLSE:DOV1V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Finland Professional Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 1.65x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.7x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dovre Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dovre Group's assets?
Raw Data
HLSE:DOV1V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.22
HLSE:DOV1V Share Price * HLSE (2019-04-24) in EUR €0.23
Finland Professional Services Industry PB Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 2.01x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 2.01x
HLSE:DOV1V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:DOV1V Share Price ÷ Book Value per Share (both in EUR)

= 0.23 ÷ 0.22

1.04x

* Primary Listing of Dovre Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dovre Group is good value based on assets compared to the FI Professional Services industry average.
X
Value checks
We assess Dovre Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Dovre Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DOV1V Future Performance

 How is Dovre Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.1%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dovre Group expected to grow at an attractive rate?
  • Unable to compare Dovre Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Dovre Group's earnings growth to the Finland market average as no estimate data is available.
  • Unable to compare Dovre Group's revenue growth to the Finland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
HLSE:DOV1V Future Growth Rates Data Sources
Data Point Source Value (per year)
Finland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
Finland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
Finland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
Finland Market Revenue Growth Rate Market Cap Weighted Average 1.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:DOV1V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:DOV1V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
HLSE:DOV1V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 65 1 1
2018-09-30 64 0 0
2018-06-30 62 -1 0
2018-03-31 63 -1 0
2017-12-31 63 -1 -1
2017-09-30 66 0 -1
2017-06-30 69 1 -1
2017-03-31 76 1 -2
2016-12-31 84 1 -2
2016-09-30 96 4 -2
2016-06-30 109 3 -2
2016-03-31 114 1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Dovre Group is high growth as no earnings estimate data is available.
  • Unable to determine if Dovre Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:DOV1V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dovre Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:DOV1V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
HLSE:DOV1V Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.01
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dovre Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Dovre Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Dovre Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Dovre Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Dovre Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dovre Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DOV1V Past Performance

  How has Dovre Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dovre Group's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dovre Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Dovre Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Dovre Group has become profitable in the last year making it difficult to compare the FI Professional Services industry average.
Earnings and Revenue History
Dovre Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dovre Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:DOV1V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 65.47 0.84 0.76
2018-09-30 63.89 0.35 0.78
2018-06-30 62.32 -0.15 0.80
2018-03-31 62.50 -0.35 0.80
2017-12-31 62.68 -0.55 0.80
2017-09-30 65.88 -0.97 0.89
2017-06-30 69.07 -1.38 0.98
2017-03-31 76.44 -1.53 0.98
2016-12-31 83.81 -1.67 0.98
2016-09-30 96.10 -2.12 2.12
2016-06-30 108.88 -2.07 1.63
2016-03-31 113.69 -2.45 1.63
2015-12-31 115.95 -2.01 1.63
2015-09-30 111.09 -0.78 1.23
2015-06-30 104.98 -0.26 1.23
2015-03-31 100.37 0.24 1.23
2014-12-31 98.89 0.27 1.23
2014-09-30 98.28 0.34 1.21
2014-06-30 97.72 0.56 1.21
2014-03-31 98.90 1.25 1.21
2013-12-31 98.54 1.21 1.21
2013-09-30 99.45 1.28 1.31
2013-06-30 98.46 1.30 1.31
2013-03-31 96.36 1.64 1.31
2012-12-31 94.07 2.21 1.31
2012-09-30 87.97 2.07 1.00
2012-06-30 82.53 2.48 1.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dovre Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dovre Group used its assets less efficiently than the FI Professional Services industry average last year based on Return on Assets.
  • Dovre Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Dovre Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dovre Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DOV1V Health

 How is Dovre Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dovre Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dovre Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dovre Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dovre Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dovre Group Company Filings, last reported 3 months ago.

HLSE:DOV1V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 22.15 3.24 4.97
2018-09-30 22.15 3.24 4.97
2018-06-30 21.78 3.38 3.45
2018-03-31 21.78 3.38 3.45
2017-12-31 22.63 3.03 5.15
2017-09-30 22.63 3.03 5.15
2017-06-30 23.40 3.01 5.42
2017-03-31 23.40 3.01 5.42
2016-12-31 25.82 3.58 8.31
2016-09-30 25.82 3.58 8.31
2016-06-30 26.43 4.79 7.14
2016-03-31 26.43 4.79 7.14
2015-12-31 27.33 5.68 10.90
2015-09-30 27.99 6.57 8.39
2015-06-30 30.26 3.46 8.69
2015-03-31 20.93 1.43 10.52
2014-12-31 21.46 1.29 10.34
2014-09-30 21.73 1.20 7.72
2014-06-30 20.92 1.05 7.61
2014-03-31 20.97 1.04 12.05
2013-12-31 25.37 1.05 13.74
2013-09-30 25.64 1.21 11.60
2013-06-30 25.67 1.20 11.94
2013-03-31 21.91 1.50 7.88
2012-12-31 23.01 1.29 7.50
2012-09-30 22.61 1.28 7.84
2012-06-30 21.77 1.28 7.30
  • Dovre Group's level of debt (14.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.1% vs 14.6% today).
  • Debt is well covered by operating cash flow (33.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess Dovre Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dovre Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DOV1V Dividends

 What is Dovre Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.31%
Current annual income from Dovre Group dividends.
If you bought €2,000 of Dovre Group shares you are expected to receive €86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dovre Group's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.24%).
  • Dovre Group's dividend is below the markets top 25% of dividend payers in Finland (4.83%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:DOV1V Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Finland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.3%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.1%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Finland Bottom 25% Dividend Yield 25th Percentile 2.2%
Finland Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:DOV1V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
HLSE:DOV1V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.010 4.326
2018-03-28 0.010 4.139
2017-02-23 0.010 3.693
2016-02-23 0.010 3.315
2016-02-18 0.010 3.290
2015-03-25 0.020 4.853
2014-03-28 0.020 4.401
2013-03-15 0.020 4.167
2012-07-26 0.010 2.064
2012-03-02 0.010 2.739
2012-02-15 0.010 2.561

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dovre Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dovre Group has only been paying a dividend for 7 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Dovre Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dovre Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dovre Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dovre Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DOV1V Management

 What is the CEO of Dovre Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arve Jensen
COMPENSATION €0
AGE 59
TENURE AS CEO 0.4 years
CEO Bio

Mr. Arve Jensen, M. Sc (Mech.) has been Chief Executive Officer of Dovre Group Plc since November 1, 2018, and serves as its President of Business Area Norway since May 28, 2015. Mr. Jensen served as President of Project Personnel at Dovre Group Plc and as its Executive Vice President of Project Personnel since June 1, 2012. Mr. Jensen served as an Executive Vice President of Norway at Dovre Group Plc (alternate name is Proha Oyj) since October 2009. He served as Head of Norwegian Operations at Proha Oyj since June 2008. He served as Executive Vice President of Proha Oyj since November 2, 2006 and also as its Managing Director of Dovre International. He has the responsibility to manage the Dovre Consulting and Services division of Proha Oyj. He served as President, Managing Director and Chief Executive Officer of Dovre International AS of Proha Oyj. Mr. Jensen served for 16 years as Project Management Consultant within oil & gas in Norway. He has more than 30 years of experience from the energy sector and from consultancy business. He has held several senior management positions as a consultant before joining Dovre Group in 1993. In Dovre Group, he has been part of the top management team in different roles continuously since 2001. He hold following education including Procurement of equipment for offshore installations from NIF in 1989; Organization and Management from Norwegian School of Management, BI, Oslo in 1986; Offshore Piping and Layout from NITO in 1985; Investment and Finance from The Norwegian School of Economics and Business Administration, NHH, Bergen in 1983 and Petroleum economics and legislation from The Norwegian Institute of Technology, Trondheim in 1982.

CEO Compensation
  • Insufficient data for Arve to compare compensation growth.
  • Arve's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Dovre Group management team in years:

1.3
Average Tenure
53
Average Age
  • The average tenure for the Dovre Group management team is less than 2 years, this suggests a new team.
Management Team

Arve Jensen

TITLE
CEO & President of Business Area Norway
AGE
59
TENURE
0.4 yrs

Mari Paski

TITLE
Chief Financial Officer
AGE
44
TENURE
1.3 yrs

Stein Berntsen

TITLE
President of Business Area Consulting
AGE
53
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Dovre Group board of directors in years:

0.7
Average Tenure
58
Average Age
  • The average tenure for the Dovre Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Svein Stavelin

TITLE
Chairman of the Board
AGE
61
TENURE
0.7 yrs

Ilari Koskelo

TITLE
Vice Chairman of the Board
AGE
59
TENURE
0.7 yrs

Antti Manninen

TITLE
Director
AGE
57
TENURE
1.1 yrs

Kristine Larneng

TITLE
Director
AGE
36
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Dovre Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dovre Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DOV1V News

Simply Wall St News

Investors Who Bought Dovre Group (HEL:DOV1V) Shares Five Years Ago Are Now Down 54%

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Dovre Group moved from a loss to profitability. … We note that the dividend has fallen in the last five years, so that may have contributed to the share price decline.

Simply Wall St -

Is Dovre Group Plc's (HEL:DOV1V) ROE Of 3.8% Concerning?

We'll use ROE to examine Dovre Group Plc (HEL:DOV1V), by way of a worked example. … That means that for every €1 worth of shareholders' equity, it generated €0.038 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What does Dovre Group Plc's (HEL:DOV1V) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Dovre Group Plc (HEL:DOV1V) with its market cap of €23m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Should You Worry About Dovre Group Plc’s (HEL:DOV1V) ROCE?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Do Directors Own Dovre Group Plc (HEL:DOV1V) Shares?

A look at the shareholders of Dovre Group Plc (HEL:DOV1V) can tell us which group is most powerful. … With a market capitalization of €22m, Dovre Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Dovre Group

Simply Wall St -

Dovre Group Plc (HEL:DOV1V): Time For A Financial Health Check

While small-cap stocks, such as Dovre Group Plc (HEL:DOV1V) with its market cap of €23m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

How Should Investors React To Dovre Group Plc's (HEL:DOV1V) CEO Pay?

Carl Patrick Von Essen became the CEO of Dovre Group Plc (HEL:DOV1V) in 2014. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Carl Patrick Von Essen's Compensation Compare With Similar Sized Companies.

Simply Wall St -

Who Are The Top Investors In Dovre Group Plc (HEL:DOV1V)?

In this article, I will take a quick look at Dovre Group Plc’s (HEL:DOV1V) recent ownership structure – an unconventional investing subject, but an important one. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine DOV1V's ownership structure in more detail.

Simply Wall St -

How Dovre Group Plc (HEL:DOV1V) Can Impact Your Portfolio Volatility

Generally, an investor should consider two types of risk that impact the market value of DOV1V. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

How Financially Strong Is Dovre Group Plc (HEL:DOV1V)?

Investors are always looking for growth in small-cap stocks like Dovre Group Plc (HEL:DOV1V), with a market cap of €24.44m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

DOV1V Company Info

Description

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 offers project personnel services for various investment projects. The Consulting segment provides management and project management consulting services in the areas of strategic consulting, third party analysis, organizational improvement, and key professional resources; and software for enterprise level management. The company serves private companies and public organizations in energy, mining, pulp and paper, and building infrastructure industries. It also offers project advisory services. The company was formerly known as Proha Plc and changed its name to Dovre Group Plc in March 2011. Dovre Group Plc was founded in 1983 and is headquartered in Espoo, Finland.

Details
Name: Dovre Group Plc
DOV1V
Exchange: HLSE
Founded: 1983
€23,037,236
99,298,432
Website: http://www.dovregroup.com
Address: Dovre Group Plc
Maapallonkuja 1 B,
Espoo,
Uusimaa, 02210,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE DOV1V Common Stock OMX Nordic Exchange Helsinki FI EUR 22. Oct 1999
LSE 0JCD Common Stock London Stock Exchange GB EUR 22. Oct 1999
BATS-CHIXE DOV1VH Common Stock BATS 'Chi-X Europe' GB EUR 22. Oct 1999
Number of employees
Current staff
Staff numbers
364
Dovre Group employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:52
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2018/03/06
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.