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HAV Group ASAOB:HAV Stock Report

Market Cap NOK 234.5m
Share Price
NOK 6.70
My Fair Value
NOK 361.59
98.1% undervalued intrinsic discount
1Y-24.2%
7D0.6%
Portfolio Value
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HAV Group ASA

OB:HAV Stock Report

Market Cap: NOK 234.5m

HAV Group (HAV) Stock Overview

Through its subsidiaries, provides technology and services for maritime and marine industries worldwide. More details

HAV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

HAV Community Fair Values

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US$7.5
35.1% undervalued intrinsic discount
MarketJar Fair Value
Revenue growth
79.39% p.a.
Profit Margin
10%
Future PE
55x
Share price in 2030
US$11.38

HAV Group ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for HAV Group
Historical stock prices
Current Share PriceNOK 6.70
52 Week HighNOK 8.90
52 Week LowNOK 5.20
Beta0.66
1 Month Change-4.29%
3 Month Change-6.42%
1 Year Change-24.21%
3 Year Change-32.32%
5 Year Changen/a
Change since IPO-56.49%

Recent News & Updates

Recent updates

HAV Group ASA (OB:HAV) Held Back By Insufficient Growth Even After Shares Climb 26%

May 27
HAV Group ASA (OB:HAV) Held Back By Insufficient Growth Even After Shares Climb 26%

It's Probably Less Likely That HAV Group ASA's (OB:HAV) CEO Will See A Huge Pay Rise This Year

May 21
It's Probably Less Likely That HAV Group ASA's (OB:HAV) CEO Will See A Huge Pay Rise This Year

There's No Escaping HAV Group ASA's (OB:HAV) Muted Revenues Despite A 31% Share Price Rise

Mar 26
There's No Escaping HAV Group ASA's (OB:HAV) Muted Revenues Despite A 31% Share Price Rise

Does HAV Group (OB:HAV) Have A Healthy Balance Sheet?

Mar 10
Does HAV Group (OB:HAV) Have A Healthy Balance Sheet?

Benign Growth For HAV Group ASA (OB:HAV) Underpins Its Share Price

Nov 24
Benign Growth For HAV Group ASA (OB:HAV) Underpins Its Share Price

HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

May 23
HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

HAV Group ASA's (OB:HAV) Shares Lagging The Industry But So Is The Business

May 12
HAV Group ASA's (OB:HAV) Shares Lagging The Industry But So Is The Business

Is HAV Group (OB:HAV) Using Too Much Debt?

Mar 17
Is HAV Group (OB:HAV) Using Too Much Debt?

Returns Are Gaining Momentum At HAV Group (OB:HAV)

Feb 19
Returns Are Gaining Momentum At HAV Group (OB:HAV)

Even With A 28% Surge, Cautious Investors Are Not Rewarding HAV Group ASA's (OB:HAV) Performance Completely

Jan 20
Even With A 28% Surge, Cautious Investors Are Not Rewarding HAV Group ASA's (OB:HAV) Performance Completely

It's A Story Of Risk Vs Reward With HAV Group ASA (OB:HAV)

Jul 08
It's A Story Of Risk Vs Reward With HAV Group ASA (OB:HAV)

The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Feb 01
The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Returns on Capital Paint A Bright Future For HAV Group (OB:HAV)

Sep 02
Returns on Capital Paint A Bright Future For HAV Group (OB:HAV)

The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Mar 14
The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

Shareholder Returns

HAVNO MachineryNO Market
7D0.6%1.7%-0.4%
1Y-24.2%-12.7%7.2%

Return vs Industry: HAV underperformed the Norwegian Machinery industry which returned -13.4% over the past year.

Return vs Market: HAV underperformed the Norwegian Market which returned 7.6% over the past year.

Price Volatility

Is HAV's price volatile compared to industry and market?
HAV volatility
HAV Average Weekly Movement4.7%
Machinery Industry Average Movement6.0%
Market Average Movement4.5%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.3%

Stable Share Price: HAV has not had significant price volatility in the past 3 months compared to the Norwegian market.

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

About the Company

FoundedEmployeesCEOWebsite
2020161Gunnar Larsenwww.havgroup.no

HAV Group ASA, through its subsidiaries, provides technology and services for maritime and marine industries worldwide. It operates through HAV Design, Norwegian Electric Systems, Norwegian Greentech, and HAV Hydrogen segments. The company engages in development, sale, and delivery of ship design, project engineering, and system packages for offshore, transport, and fishing vessels; and delivers complete and scalable hydrogen systems for use on big and small, newbuildings, and retrofits for operation in heavy seas.

HAV Group ASA Fundamentals Summary

How do HAV Group's earnings and revenue compare to its market cap?
HAV fundamental statistics
Market capNOK 234.50m
Earnings (TTM)-NOK 3.06m
Revenue (TTM)NOK 779.94m
0.3x
P/S Ratio
-76.6x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HAV income statement (TTM)
RevenueNOK 779.94m
Cost of RevenueNOK 507.13m
Gross ProfitNOK 272.81m
Other ExpensesNOK 275.87m
Earnings-NOK 3.06m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 21, 2025

Earnings per share (EPS)-0.088
Gross Margin34.98%
Net Profit Margin-0.39%
Debt/Equity Ratio4.7%

How did HAV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 07:40
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HAV Group ASA is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jørgen TorstensenFearnley Securities