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Havyard Group

OB:HYARD
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HYARD
OB
NOK237M
Market Cap
  1. Home
  2. NO
  3. Capital Goods
Company description

Havyard Group ASA primarily engages in shipbuilding, engineering, ship design, and ship equipment businesses worldwide. The last earnings update was 80 days ago. More info.


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HYARD Share Price and Events
7 Day Returns
2.3%
OB:HYARD
8%
NO Machinery
3.8%
NO Market
1 Year Returns
-17.2%
OB:HYARD
13.9%
NO Machinery
4.9%
NO Market
HYARD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Havyard Group (HYARD) 2.3% -5% -4% -17.2% 106.5% -
NO Machinery 8% 14.1% 12.7% 13.9% 19.8% 17.9%
NO Market 3.8% 1.9% 0.4% 4.9% 47.1% 27.9%
1 Year Return vs Industry and Market
  • HYARD underperformed the Machinery industry which returned 13.9% over the past year.
  • HYARD underperformed the Market in Norway which returned 4.9% over the past year.
Price Volatility
HYARD
Industry
5yr Volatility vs Market

HYARD Value

 Is Havyard 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
  • It is not possible to calculate the future cash flow value for Havyard Group. This is due to cash flow or dividend data being unavailable. The share price is NOK9.6.
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 Havyard Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Havyard Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:HYARD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in NOK NOK-1.80
OB:HYARD Share Price ** OB (2019-02-18) in NOK NOK9.6
Europe Machinery Industry PE Ratio Median Figure of 178 Publicly-Listed Machinery Companies 16.2x
Norway Market PE Ratio Median Figure of 127 Publicly-Listed Companies 13.41x

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

** Primary Listing of Havyard Group.

OB:HYARD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:HYARD Share Price ÷ EPS (both in NOK)

= 9.6 ÷ -1.80

-5.33x

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

  • Havyard Group is loss making, we can't compare its value to the Europe Machinery industry average.
  • Havyard Group is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Havyard Group's expected growth come at a high price?
Raw Data
OB:HYARD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Machinery Industry PEG Ratio Median Figure of 120 Publicly-Listed Machinery Companies 1.46x
Norway Market PEG Ratio Median Figure of 99 Publicly-Listed Companies 0.96x

*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 Havyard Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Havyard Group's assets?
Raw Data
OB:HYARD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in NOK NOK15.02
OB:HYARD Share Price * OB (2019-02-18) in NOK NOK9.6
Norway Machinery Industry PB Ratio Median Figure of 6 Publicly-Listed Machinery Companies 1.06x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.18x
OB:HYARD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:HYARD Share Price ÷ Book Value per Share (both in NOK)

= 9.6 ÷ 15.02

0.64x

* Primary Listing of Havyard Group.

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

  • Havyard Group is good value based on assets compared to the NO Machinery industry average.
X
Value checks
We assess Havyard 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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Havyard Group has a total score of 1/6, 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.

HYARD Future Performance

 How is Havyard 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 Havyard 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
8.7%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Havyard Group expected to grow at an attractive rate?
  • Unable to compare Havyard Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Havyard Group's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Havyard Group's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:HYARD Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Machinery Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
Europe Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Norway Market Earnings Growth Rate Market Cap Weighted Average 13%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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
OB:HYARD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:HYARD Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-09-30 1,916 -80 -42
2018-06-30 1,747 -89 -80
2018-03-31 1,426 23 -69
2017-12-31 1,322 -15 -60
2017-09-30 1,500 93 -149
2017-06-30 1,613 132 -75
2017-03-31 1,906 15 -46
2016-12-31 2,003 94 -37
2016-09-30 1,829 146 -63
2016-06-30 1,859 102 -90
2016-03-31 1,665 23 -122
2015-12-31 1,768 7 -110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Havyard Group is high growth as no earnings estimate data is available.
  • Unable to determine if Havyard 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
OB:HYARD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Havyard Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HYARD Past Financials Data
Date (Data in NOK Millions) EPS *
2018-09-30 -1.80
2018-06-30 -3.44
2018-03-31 -2.78
2017-12-31 -2.41
2017-09-30 -6.04
2017-06-30 -2.91
2017-03-31 -1.96
2016-12-31 -1.58
2016-09-30 -2.79
2016-06-30 -3.97
2016-03-31 -5.41
2015-12-31 -4.90

*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 Havyard Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Havyard 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. Havyard 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 Capital Goods companies here
  3. Havyard 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 Havyard 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Havyard 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.

HYARD Past Performance

  How has Havyard 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 Havyard Group's growth in the last year to its industry (Machinery).
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.
  • Havyard Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Havyard Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Havyard Group's 1-year growth to the Europe Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Havyard 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 Havyard Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HYARD Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,915.89 -41.88 491.49
2018-06-30 1,746.68 -79.62 461.12
2018-03-31 1,426.25 -68.94 410.56
2017-12-31 1,322.40 -59.72 385.61
2017-09-30 1,500.16 -149.37 384.92
2017-06-30 1,612.85 -75.32 395.89
2017-03-31 1,906.35 -46.46 405.66
2016-12-31 2,003.23 -36.67 396.59
2016-09-30 1,829.09 -63.49 405.84
2016-06-30 1,858.94 -89.72 410.23
2016-03-31 1,664.78 -121.87 421.00
2015-12-31 1,767.71 -110.45 452.40
2015-09-30 2,146.95 6.24 429.02
2015-06-30 2,202.20 13.57 418.32
2015-03-31 2,544.24 34.40 430.94
2014-12-31 2,410.81 27.99 416.33
2014-09-30 2,153.03 53.04 385.36
2014-06-30 2,096.52 74.86 355.12
2014-03-31 2,043.90 127.10 336.67
2013-12-31 1,986.93 138.10 312.08
2012-12-31 1,426.85 163.51 228.48

*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.
  • It is difficult to establish if Havyard Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Havyard Group has efficiently used its assets last year compared to the Europe Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Havyard Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Havyard 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 Machinery 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.
Havyard Group has a total score of 0/6, 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.

HYARD Health

 How is Havyard 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 Havyard Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Havyard Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Havyard Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Havyard 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 1.8x 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 Havyard Group Company Filings, last reported 4 months ago.

OB:HYARD Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 453.15 832.70 207.45
2018-06-30 456.72 519.07 215.38
2018-03-31 491.44 431.21 157.61
2017-12-31 480.95 210.16 206.07
2017-09-30 438.70 174.24 273.97
2017-06-30 480.08 180.92 296.59
2017-03-31 490.13 371.43 184.53
2016-12-31 486.19 351.14 266.06
2016-09-30 592.40 346.51 254.14
2016-06-30 543.64 433.92 236.44
2016-03-31 524.67 423.55 227.71
2015-12-31 508.97 337.92 224.63
2015-09-30 624.47 746.37 156.83
2015-06-30 618.77 633.34 168.32
2015-03-31 629.71 384.71 220.92
2014-12-31 596.34 762.29 194.56
2014-09-30 623.50 895.03 286.00
2014-06-30 663.57 646.13 213.75
2014-03-31 664.27 454.90 248.90
2013-12-31 668.44 293.19 281.38
2012-12-31 526.40 424.96 115.24
  • Havyard Group's level of debt (183.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51.5% vs 183.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Havyard Group has sufficient cash runway for 1.9 years based on current free cash flow.
  • Havyard Group has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 25% each year.
X
Financial health checks
We assess Havyard 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. Havyard Group has a total score of 4/6, 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.

HYARD Dividends

 What is Havyard 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
0%
Current annual income from Havyard Group dividends.
If you bought NOK2,000 of Havyard Group shares you are expected to receive NOK0 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?
  • Unable to evaluate Havyard Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Havyard Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OB:HYARD 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
Europe Machinery Industry Average Dividend Yield Market Cap Weighted Average of 144 Stocks 2.7%
Norway Market Average Dividend Yield Market Cap Weighted Average of 109 Stocks 4.3%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

OB:HYARD Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2017-03-01 0.000 0.000
2016-11-18 0.000 0.000
2016-08-29 0.000 0.000
2016-05-24 0.000 0.000
2016-05-02 0.000 0.000
2016-02-26 0.000 0.000
2015-04-23 3.580 46.294
2015-02-27 3.580 20.480
2014-08-29 10.720 40.966
2014-07-01 1.125 3.416

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

  • Unable to perform a dividend volatility check as Havyard Group has not reported any payouts.
  • Unable to verify if Havyard Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Havyard Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Havyard Group has not reported any payouts.
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 Havyard Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Havyard Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Havyard Group has a total score of 0/6, see the detailed checks below.


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

HYARD Management

 What is the CEO of Havyard 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
Geir Bakke
COMPENSATION NOK2,674,000
CEO Bio

Mr. Geir Johan Bakke serves as the Chief Executive Officer and President of Havyard Group AS. Mr. Bakke serves as Managing Director of Havyard Leirvik and General Manager of Havyard Powertec.

CEO Compensation
  • Geir's compensation has increased whilst company is loss making.
  • Geir's remuneration is about average for companies of similar size in Norway.
Management Team

Geir Bakke

TITLE
President & CEO
COMPENSATION
NOK3M

Pål Aurvåg

TITLE
Chief Financial Officer
COMPENSATION
NOK1M
TENURE
3.6 yrs

Gunnar Larsen

TITLE
Senior Vice President of Market
COMPENSATION
NOK472K

Frank-Levi Kvalsund

TITLE
Senior Vice President of HR/QHSE
COMPENSATION
NOK1M

Dag Alvik

TITLE
Chief Procurement Officer
COMPENSATION
NOK1M

Leif Gjelseth

TITLE
Executive Vice President of Havyard MMC AS

Ricardo Aquirre

TITLE
Managing Director of MMC Peru

Petter Fauske

TITLE
Executive Vice President of MMC First Process AS

Nedim Jakupovic

TITLE
Executive Vice President of Havyard Production SP z.o.o

Tor Mongstad

TITLE
CEO & President of Norwegian Electric Systems AS
TENURE
3.3 yrs
Board of Directors Tenure

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

1.4
Average Tenure
49
Average Age
  • The average tenure for the Havyard Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Vegard Sævik

TITLE
Chairman
AGE
40
TENURE
1.4 yrs

Svein Gjelseth

TITLE
Director
AGE
68

Petter Frøystad

TITLE
Director
AGE
41

Hege Rabben

TITLE
Director
AGE
47

Torill Haddal

TITLE
Director
AGE
47

Stig Breidvik

TITLE
Director
AGE
51
TENURE
3.2 yrs

Hege Notøy

TITLE
Director
AGE
52
TENURE
1.4 yrs

Svein Milford

TITLE
Director of Norwegian Electric Systems
AGE
74
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 (NOK) Value (NOK)
08. Nov 18 Sell Erling Keiseraas Individual 08. Nov 18 08. Nov 18 -5,000 NOK10.78 NOK-53,894
07. Nov 18 Sell Erling Keiseraas Individual 07. Nov 18 07. Nov 18 -5,000 NOK10.69 NOK-53,429
28. Sep 18 Buy Pison AS Company 28. Sep 18 28. Sep 18 430,000 NOK11.85 NOK5,095,499
28. Sep 18 Buy Emini Invest AS Company 28. Sep 18 28. Sep 18 1,290,000 NOK11.85 NOK15,286,498
28. Sep 18 Buy Vegard Sævik Individual 28. Sep 18 28. Sep 18 1,290,000 NOK11.85 NOK15,286,498
28. Sep 18 Buy Hege Rabben Individual 28. Sep 18 28. Sep 18 1,290,000 NOK11.85 NOK15,286,498
28. Sep 18 Sell Havila Holding AS Company 28. Sep 18 28. Sep 18 -4,300,000 NOK11.85 NOK-50,954,994
21. Mar 18 Buy Erling Keiseraas Individual 21. Mar 18 21. Mar 18 10,000 NOK14.37 NOK143,700
13. Mar 18 Buy Frank-Levi Kvalsund Individual 13. Mar 18 13. Mar 18 1,500 NOK14.00 NOK21,000
12. Mar 18 Buy Pål Aurvåg Individual 12. Mar 18 12. Mar 18 5,000 NOK14.00 NOK70,000
X
Management checks
We assess Havyard 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. Havyard 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.

HYARD News

Simply Wall St News

What Kind Of Shareholder Appears On The Havyard Group ASA's (OB:HYARD) Shareholder Register?

The big shareholder groups in Havyard Group ASA (OB:HYARD) have power over the company. … With a market capitalization of øre238m, Havyard Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Havyard Group

Simply Wall St -

Have Insiders Been Buying Havyard Group ASA (OB:HYARD) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Havyard Group ASA (OB:HYARD). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Havyard Group Insider Transactions Over The Last Year.

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Do You Know Who Else Invests In Havyard Group ASA (OB:HYARD)?

Every investor in Havyard Group ASA (OB:HYARD) should be aware of the most powerful shareholder groups. … With a market capitalization of øre314.0m, Havyard Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Havyard Group

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What You Must Know About Havyard Group ASA's (OB:HYARD) Financial Strength

Investors are always looking for growth in small-cap stocks like Havyard Group ASA (OB:HYARD), with a market cap of øre294.24m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

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Havyard Group ASA's (OB:HYARD) Earnings Dropped -48.37%, Did Its Industry Show Weakness Too?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on Havyard Group ASA (OB:HYARD) useful as an attempt to give more color around how Havyard Group is currently performing. … View out our latest analysis for Havyard Group?

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Havyard Group ASA (OB:HYARD): Is It Growing Too Fast?

How fast Havyard Group runs down its cash supply over time is known as the cash burn rate. … OB:HYARD Income Statement Apr 19th 18 When will Havyard Group need to raise more cash? … Though, if opex continues to rise at this rate, given how much cash reserves Havyard Group currently has, it will actually need to raise capital again within the next couple of months!

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What Does Havyard Group ASA's (OB:HYARD) Ownership Structure Look Like?

View our latest analysis for Havyard Group OB:HYARD Ownership_summary Apr 10th 18 Institutional Ownership In HYARD's case, institutional ownership stands at 11.23%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Insider Ownership Another important group of shareholders are company insiders. … Thus, investors should dig deeper into HYARD's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: HYARD's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Does Havyard Group ASA's (OB:HYARD) Past Performance Indicate A Weaker Future?

Examining Havyard Group ASA's (OB:HYARD) past track record of performance is a useful exercise for investors. … See our latest analysis for Havyard Group Did HYARD perform worse than its track record and industry? … I like to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

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Are Havyard Group ASA's (OB:HYARD) Interest Costs Too High?

Does HYARD generate an acceptable amount of cash through operations? … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: HYARD’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

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HYARD Company Info

Map
Description

Havyard Group ASA primarily engages in shipbuilding, engineering, ship design, and ship equipment businesses worldwide. It operates in five segments: Ship Technology, Design & Solutions, Power & Systems, Fish Handling, and Havyard Production. The Ship Technology segment constructs and repairs offshore vessels, windmill service vessels, live-fish carriers, fishing vessels, and other specialty vessels. The Design & Solutions segment develops, sells, and delivers ship design and engineering, and system packages to yards and shipping companies. The Power & Systems segment manufactures and supplies diesel- and hybrid-electric propulsion systems, including panels, electromechanical products, and automation and safety systems; designs, engineers, and installs electrical systems; and develops and delivers control and automation systems for ships. The Fish Handling segment delivers solutions for handling and cooling of seafood onboard fishing vessels and live fish carriers, and in on-shore plants; and produces, rents, and sells waste machines. The Havyard Production segment hires out personnel and provides services to other shipyards; and pre-fabricates steel products, including piping, switchboards, and starters. The company was founded in 1999 and is headquartered in Fosnavåg, Norway.

Details
Name: Havyard Group ASA
HYARD
Exchange: OB
Founded: 1999
NOK237,369,513
24,725,991
Website: http://www.havyard.com
Address: Havyard Group ASA
Havyard House,
Holmefjordvegen 1,
Fosnavåg,
Møre og Romsdal, 6090,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB HYARD Ordinary Shares Oslo Bors NO NOK 01. Jul 2014
LSE 0QWR Ordinary Shares London Stock Exchange GB NOK 01. Jul 2014
BATS-CHIXE HYARDO Ordinary Shares BATS 'Chi-X Europe' GB NOK 01. Jul 2014
Number of employees
Current staff
Staff numbers
798
Havyard Group employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 23:11
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2018/11/30
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.