Dovre Group
Market Cap
€27.4m
Last Updated
2020/12/04 19:33 UTC
Data Sources
Company Financials
Executive Summary
Dovre Group Plc, together with its subsidiaries, provides project management services worldwide. More Details
Rewards
Risk Analysis
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
| DOV1V | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | -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 Year | 24.1%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
1 week ago | Simply Wall St
Is There More Growth In Store For Dovre Group's (HEL:DOV1V) Returns On Capital?1 month ago | Simply Wall St
Are Strong Financial Prospects The Force That Is Driving The Momentum In Dovre Group Plc's HEL:DOV1V) Stock?1 month ago | Simply Wall St
Dovre Group (HEL:DOV1V) Has A Rock Solid Balance SheetValuation
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
- Examine whether Dovre Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- 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?
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of Business Area Norway & CEO | 2.08yrs | €267.00k | 0.078% € 21.4k | |
| Chief Financial Officer | 0.17yr | no data | no data | |
| President of Business Area Consulting | 6.42yrs | no data | no data |
2.1yrs
Average Tenure
57yo
Average Age
Experienced Management: DOV1V's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.75yrs | €22.00k | 0.13% € 35.8k | |
| Independent Vice Chairman of the Board | 2.33yrs | €25.00k | 5.71% € 1.6m | |
| Independent Chairman of the Board | 2.33yrs | €35.00k | 0.33% € 89.7k | |
| Independent Director | 1.75yrs | €17.00k | no 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
| 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 | 2020/12/04 19:33 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.