Havyard Group ASA primarily engages in shipbuilding, engineering, ship design, and ship equipment businesses worldwide.
+ 1 more risk
Fair value with mediocre balance sheet.
Share Price & News
How has Havyard Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HYARD's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HYARD underperformed the Norwegian Machinery industry which returned 21.7% over the past year.
Return vs Market: HYARD underperformed the Norwegian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Havyard Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDo Institutions Own Havyard Group ASA (OB:HYARD) Shares?
1 month ago | Simply Wall StHealth Check: How Prudently Does Havyard Group (OB:HYARD) Use Debt?
2 months ago | Simply Wall StEasy Come, Easy Go: How Havyard Group (OB:HYARD) Shareholders Got Unlucky And Saw 89% Of Their Cash Evaporate
Is Havyard Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HYARD (NOK2.92) is trading below our estimate of fair value (NOK285.74)
Significantly Below Fair Value: HYARD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HYARD is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.
PE vs Market: HYARD is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HYARD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HYARD is good value based on its PB Ratio (0.4x) compared to the NO Machinery industry average (1x).
How is Havyard Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods 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 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 SimplyWall St do have past financial data.
- Examine whether Havyard 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.
- Havyard Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Havyard Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HYARD is currently unprofitable.
Growing Profit Margin: HYARD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HYARD is unprofitable, and losses have increased over the past 5 years at a rate of -50.7% per year.
Accelerating Growth: Unable to compare HYARD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HYARD is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (2.7%).
Return on Equity
High ROE: HYARD has a negative Return on Equity (-82.84%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Havyard Group's financial position?
Financial Position Analysis
Short Term Liabilities: HYARD's short term assets (NOK2.6B) do not cover its short term liabilities (NOK2.9B).
Long Term Liabilities: HYARD's short term assets (NOK2.6B) exceed its long term liabilities (NOK65.8M).
Debt to Equity History and Analysis
Debt Level: HYARD's debt to equity ratio (454.3%) is considered high.
Reducing Debt: HYARD's debt to equity ratio has increased from 97.1% to 454.3% over the past 5 years.
Inventory Level: HYARD has a low level of unsold assets or inventory.
Debt Coverage by Assets: HYARD's debt is covered by short term assets (assets are 2.3x debt).
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.
Stable Cash Runway: Whilst unprofitable HYARD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HYARD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.7% per year.
What is Havyard Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HYARD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HYARD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HYARD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HYARD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HYARD is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HYARD's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
What is the CEO of Havyard Group's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Gunnar Larsen 0
Mr. Gunnar Larsen serves as Senior Vice President of Market at Havyard Group ASA and is its Interim Chief Executive Officer since December 2, 2019. He served as Senior Vice President of Market & Business D ...
CEO Compensation Analysis
Compensation vs Market: Gunnar's total compensation ($USD151.62K) is below average for companies of similar size in the Norwegian market ($USD423.16K).
Compensation vs Earnings: Gunnar's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
Experienced Management: HYARD's management team is considered experienced (4.5 years average tenure).
Board Age and Tenure
Experienced Board: HYARD's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.
Executive Vice President of Havyard Design & Solutions AS
CEO & Senior Vice President of Market
- Tenure: 0.08yrs
- Compensation: kr1.35m
Executive Vice President of Norwegian Electric Systems AS
Executive Vice President of Business Development - Norwegian Electric Systems-Sub
Lasse Stokkeland (49yo)
Executive Vice President of Havyard Ship Technology AS
Senior Vice President of HR/QHSE
- Compensation: kr1.55m
Chief Procurement Officer
- Compensation: kr1.47m
Managing Director of MMC Peru
Managing Director of MMC Green Technology AS
- Tenure: 8.3yrs
Chief Financial Officer
- Tenure: 4.5yrs
- Compensation: kr1.74m
Svein Milford (75yo)
Director of Norwegian Electric Systems
Hege Rabben (48yo)
Vegard Sævik (41yo)
- Tenure: 2.3yrs
Svein Gjelseth (69yo)
Petter Frøystad (42yo)
Torill Haddal (48yo)
Stig Breidvik (52yo)
- Tenure: 4.1yrs
Hege Notøy (53yo)
- Tenure: 2.3yrs
Havyard Group ASA's company bio, employee growth, exchange listings and data sources
- Name: Havyard Group ASA
- Ticker: HYARD
- Exchange: OB
- Founded: 1999
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: kr71.705m
- Shares outstanding: 24.73m
- Website: https://www.havyard.com
Number of Employees
- Havyard Group ASA
- Havyard House
- Holmefjordvegen 1
- Møre og Romsdal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HYARD||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2014|
|HYARDO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2014|
|0QWR||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 2014|
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 boards, 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 pre-fabricates steel products, including piping, switchboards, and starters. The company was founded in 1999 and is headquartered in Fosnavåg, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/24 22:28|
|End of Day Share Price||2020/01/24 00:00|
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.