HLSE:DOV1V

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued with excellent balance sheet.

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 is not significantly more volatile than the rest 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.


Market Performance


7 Day Return

1.1%

DOV1V

-2.2%

FI Professional Services

0.06%

FI Market


1 Year Return

-4.9%

DOV1V

22.3%

FI Professional Services

10.2%

FI Market

Return vs Industry: DOV1V underperformed the Finnish Professional Services industry which returned 22.3% over the past year.

Return vs Market: DOV1V underperformed the Finnish Market which returned 10.2% over the past year.


Shareholder returns

DOV1VIndustryMarket
7 Day1.1%-2.2%0.06%
30 Day-3.5%7.9%8.2%
90 Day-4.2%12.8%7.9%
1 Year-1.5%-4.9%25.9%22.3%19.5%10.2%
3 Year24.1%10.5%87.9%69.2%32.7%8.3%
5 Year-6.9%-22.4%233.5%170.4%59.0%24.4%

Long-Term 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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DOV1V (€0.27) is trading below our estimate of fair value (€7.45)

Significantly Below Fair Value: DOV1V is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DOV1V is good value based on its PE Ratio (9.3x) compared to the FI Professional Services industry average (39.5x).

PE vs Market: DOV1V is good value based on its PE Ratio (9.3x) compared to the Finnish market (23.1x).


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 (1.2x) compared to the FI Professional Services industry average (2.9x).


Next Steps

Future Growth

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

26.5%

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

Past Performance

How has Dovre Group performed over the past 5 years?

67.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DOV1V has a large one-off gain of €812.0K impacting its June 30 2020 financial results.

Growing Profit Margin: DOV1V's current net profit margins (3.4%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: DOV1V has become profitable over the past 5 years, growing earnings by 67% per year.

Accelerating Growth: DOV1V's earnings growth over the past year (162.3%) exceeds its 5-year average (67% per year).

Earnings vs Industry: DOV1V earnings growth over the past year (162.3%) exceeded the Professional Services industry 10.2%.


Return on Equity

High ROE: DOV1V's Return on Equity (12.5%) is considered low.


Next Steps

Financial Health

How is Dovre Group's financial position?


Financial Position Analysis

Short Term Liabilities: DOV1V's short term assets (€23.3M) exceed its short term liabilities (€18.5M).

Long Term Liabilities: DOV1V's short term assets (€23.3M) exceed its long term liabilities (€2.9M).


Debt to Equity History and Analysis

Debt Level: DOV1V's debt to equity ratio (12.5%) is considered satisfactory.

Reducing Debt: DOV1V's debt to equity ratio has increased from 11.7% to 12.5% over the past 5 years.

Debt Coverage: DOV1V's debt is well covered by operating cash flow (171.4%).

Interest Coverage: DOV1V earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

3.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DOV1V's dividend (3.66%) is higher than the bottom 25% of dividend payers in the Finnish market (1.88%).

High Dividend: DOV1V's dividend (3.66%) is low compared to the top 25% of dividend payers in the Finnish market (4.39%).


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 9 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.2%), DOV1V's dividend payments are well 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

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

2.1yrs

Average management tenure


CEO

Arve Jensen (61 yo)

2.08yrs

Tenure

€267,000

Compensation

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...


Leadership Team

NamePositionTenureCompensationOwnership
Arve Jensen
President of Business Area Norway & CEO2.08yrs€267.00k0.078%
€ 21.4k
Sirpa Haavisto
Chief Financial Officer0.17yrno datano data
Stein Berntsen
President of Business Area Consulting6.42yrsno datano data

2.1yrs

Average Tenure

57yo

Average Age

Experienced Management: DOV1V's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Antti Manninen
Independent Director2.75yrs€22.00k0.13%
€ 35.8k
Ilari Koskelo
Independent Vice Chairman of the Board2.33yrs€25.00k5.71%
€ 1.6m
Svein Stavelin
Independent Chairman of the Board2.33yrs€35.00k0.33%
€ 89.7k
Kristine Larneng
Independent Director1.75yrs€17.00kno data

2.3yrs

Average Tenure

60yo

Average Age

Experienced Board: DOV1V's board of directors are not considered experienced ( 2.3 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

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: €27.359m
  • Shares outstanding: 102.09m
  • Website: https://www.dovregroup.com

Number of Employees


Location

  • Dovre Group Plc
  • Ahventie 4 B
  • Espoo
  • Uusimaa
  • 2270
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DOV1VHLSE (OMX Nordic Exchange Helsinki)YesCommon StockFIEUROct 1999
0JCDLSE (London Stock Exchange)YesCommon StockGBEUROct 1999
DOV1VHBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 19:33
End of Day Share Price2020/12/04 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.