Dovre Group
Market Cap
€28.7m
Last Updated
2019/12/13 20:49 UTC
Data Sources
Company Financials
Executive Summary
Dovre Group Plc, together with its subsidiaries, provides project management services worldwide.
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Dovre Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DOV1V has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.0%
DOV1V
-2.0%
FI Professional Services
0.9%
FI Market
1 Year Return
25.1%
DOV1V
29.7%
FI Professional Services
8.5%
FI Market
Return vs Industry: DOV1V underperformed the Finnish Professional Services industry which returned 29.7% over the past year.
Return vs Market: DOV1V exceeded the Finnish Market which returned 8.5% over the past year.
Shareholder returns
| DOV1V | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -2.0% | 0.9% |
| 30 Day | -9.8% | -3.1% | -1.1% |
| 90 Day | 21.4% | 11.4% | 1.0% |
| 1 Year | 30.6%25.1% | 34.3%29.7% | 13.5%8.5% |
| 3 Year | 13.6%1.1% | 98.4%77.8% | 25.8%10.7% |
| 5 Year | 10.4%-20.0% | 87.0%62.5% | 54.5%24.9% |
Price Volatility Vs. Market
How volatile is Dovre Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
What Kind Of Shareholders Own Dovre Group Plc (HEL:DOV1V)?2 weeks ago | Simply Wall St
Investors Who Bought Dovre Group (HEL:DOV1V) Shares Five Years Ago Are Now Down 30%1 month ago | Simply Wall St
These 4 Measures Indicate That Dovre Group (HEL:DOV1V) Is Using Debt Reasonably WellValuation
Is Dovre Group undervalued compared to its fair value and its price relative to the market?
25.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DOV1V (€0.28) is trading above our estimate of fair value (€0.11)
Significantly Below Fair Value: DOV1V is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DOV1V is good value based on its PE Ratio (25.1x) compared to the Professional Services industry average (36.7x).
PE vs Market: DOV1V is poor value based on its PE Ratio (25.1x) compared to the Finnish market (19.5x).
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 good value based on its PB Ratio (1.3x) compared to the FI Professional Services industry average (1.5x).
Next Steps
Future Growth
How is Dovre Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.3%
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.
Next Steps
- 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.
- Dovre Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has Dovre Group performed over the past 5 years?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DOV1V has a large one-off gain of €623.0K impacting its June 30 2019 financial results.
Growing Profit Margin: DOV1V became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DOV1V has become profitable over the past 5 years, growing earnings by 16.6% per year.
Accelerating Growth: DOV1V has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DOV1V has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (36.1%).
Return on Equity
High ROE: DOV1V's Return on Equity (5.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dovre Group's financial position?
Financial Position Analysis
Short Term Liabilities: DOV1V's short term assets (€22.9M) exceed its short term liabilities (€20.6M).
Long Term Liabilities: DOV1V's short term assets (€22.9M) exceed its long term liabilities (€4.7M).
Debt to Equity History and Analysis
Debt Level: DOV1V's debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: DOV1V's debt to equity ratio has increased from 5% to 23.1% over the past 5 years.
Debt Coverage: DOV1V's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: DOV1V's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Inventory Level: DOV1V has a low level of unsold assets or inventory.
Debt Coverage by Assets: DOV1V's debt is covered by short term assets (assets are 4.4x debt).
Next Steps
Dividend
What is Dovre Group's current dividend yield, its reliability and sustainability?
3.52%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DOV1V's dividend (3.52%) is higher than the bottom 25% of dividend payers in the Finnish market (2.25%).
High Dividend: DOV1V's dividend (3.52%) is low compared to the top 25% of dividend payers in the Finnish market (4.85%).
Stability and Growth of Payments
Stable Dividend: DOV1V has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DOV1V has only been paying a dividend for 8 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.2%), DOV1V's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Dovre Group's salary, the management and board of directors tenure and is there insider trading?
1.9yrs
Average management tenure
CEO
Arve Jensen (60yo)
1.1yrs
Tenure
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 Presi ...
Management Age and Tenure
1.9yrs
Average Tenure
54yo
Average Age
Experienced Management: DOV1V's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Age and Tenure
1.3yrs
Average Tenure
59yo
Average Age
Experienced Board: DOV1V's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Arve Jensen (60yo)
CEO & President of Business Area Norway
- Tenure: 1.1yrs
Stein Berntsen (54yo)
President of Business Area Consulting
- Tenure: 5.4yrs
Mari Paski (45yo)
Chief Financial Officer
- Tenure: 1.9yrs
Board Members
Antti Manninen (58yo)
Independent Director
- Tenure: 1.8yrs
Ilari Koskelo (60yo)
Vice Chairman of the Board
- Tenure: 1.3yrs
Svein Stavelin (62yo)
Chairman of the Board
- Tenure: 1.3yrs
Kristine Larneng (37yo)
Director
- Tenure: 0yrs
Company Information
Dovre Group Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dovre Group Plc
- Ticker: DOV1V
- Exchange: HLSE
- Founded: 1983
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: €28.706m
- Shares outstanding: 101.08m
- Website: https://www.dovregroup.com
Number of Employees
Location
- Dovre Group Plc
- Maapallonkuja 1 B
- Espoo
- Uusimaa
- 2210
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DOV1V | HLSE (OMX Nordic Exchange Helsinki) | Yes | Common Stock | FI | EUR | Oct 1999 |
| 0JCD | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Oct 1999 |
| DOV1VH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Oct 1999 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 20:49 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.