OB:VOW

Stock Analysis Report

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Executive Summary

VOW ASA, together with its subsidiaries, manufactures and supplies systems for processing and purifying waste water, food waste, solid waste, and bio sludge. More Details


Snowflake Analysis

Exceptional growth potential and slightly overvalued.

Share Price & News

How has VOW's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VOW is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: VOW's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-2.9%

VOW

-1.5%

NO Commercial Services

3.0%

NO Market


1 Year Return

57.0%

VOW

-10.5%

NO Commercial Services

-1.9%

NO Market

Return vs Industry: VOW exceeded the Norwegian Commercial Services industry which returned -10% over the past year.

Return vs Market: VOW exceeded the Norwegian Market which returned -4.1% over the past year.


Shareholder returns

VOWIndustryMarket
7 Day-2.9%-1.5%3.0%
30 Day11.6%-2.3%8.3%
90 Day49.4%-1.9%6.8%
1 Year57.0%57.0%-7.9%-10.5%1.7%-1.9%
3 Year719.3%712.8%-9.5%-18.0%9.5%-2.8%
5 Year3,096.7%3,071.6%7.3%-10.4%54.5%23.8%

Long-Term Price Volatility Vs. Market

How volatile is VOW's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

20.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VOW (NOK32.35) is trading below our estimate of fair value (NOK40.48)

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


Price To Earnings Ratio

PE vs Industry: VOW is unprofitable, so we can't compare its PE Ratio to the XE Commercial Services industry average.

PE vs Market: VOW 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 VOW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VOW is overvalued based on its PB Ratio (13.3x) compared to the XE Commercial Services industry average (1.8x).


Next Steps

Future Growth

How is VOW forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

54.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: VOW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VOW's is expected to become profitable in the next 3 years.

Revenue vs Market: VOW's revenue (28.7% per year) is forecast to grow faster than the Norwegian market (6.1% per year).

High Growth Revenue: VOW's revenue (28.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VOW's Return on Equity is forecast to be high in 3 years time (27.2%)


Next Steps

Past Performance

How has VOW performed over the past 5 years?

24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VOW is currently unprofitable.

Growing Profit Margin: VOW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VOW is unprofitable, but has reduced losses over the past 5 years at a rate of 24.2% per year.

Accelerating Growth: Unable to compare VOW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VOW is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-10%).


Return on Equity

High ROE: VOW has a negative Return on Equity (-0.65%), as it is currently unprofitable.


Next Steps

Financial Health

How is VOW's financial position?


Financial Position Analysis

Short Term Liabilities: VOW's short term assets (NOK373.2M) exceed its short term liabilities (NOK255.4M).

Long Term Liabilities: VOW's short term assets (NOK373.2M) exceed its long term liabilities (NOK179.6M).


Debt to Equity History and Analysis

Debt Level: VOW's debt to equity ratio (85.1%) is considered high.

Reducing Debt: VOW's debt to equity ratio has increased from 54.4% to 85.1% over the past 5 years.

Debt Coverage: VOW's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: VOW is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is VOW current dividend yield, its reliability and sustainability?

0.16%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VOW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VOW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VOW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VOW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VOW is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VOW's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Henrik Badin (50 yo)

12.83yrs

Tenure

kr2,749,000

Compensation

Mr. Henrik Badin has been the Chief Executive Officer of VOW ASA (formerly known as Scanship Holding ASA) since 2008.


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD307.75K) is below average for companies of similar size in the Norwegian market ($USD534.45K).

Compensation vs Earnings: Henrik's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Badin
Chief Executive Officer12.83yrskr2.75m9.64%
NOK 340.8m
Erik Magelssen
Chief Financial Officer3.67yrskr1.82mno data
Jonny Hansen
Chief Operating Officer2.58yrskr1.96m9.67%
NOK 341.6m
Henning Mohn
Chief Technical Officer4.08yrskr1.54mno data
Asgeir Wien
Chief Development Officer4.08yrskr1.83m9.7%
NOK 342.9m
Bjørn Bache
Chief Commercial Officer2.5yrskr1.56mno data
Erling Hoftun
Vice President of Sales & Project Developmentno datano datano data

3.9yrs

Average Tenure

Experienced Management: VOW's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bard Ingero
Director3yrskr240.00kno data
Narve Reiten
Chairmanno datakr360.00kno data
Susanne L. Schneider
Director6.83yrskr235.00kno data
Benedicte Agerup
Director3yrskr225.00kno data

3.0yrs

Average Tenure

56yo

Average Age

Experienced Board: VOW's board of directors are considered experienced (3 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

VOW ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VOW ASA
  • Ticker: VOW
  • Exchange: OB
  • Founded: 2011
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: kr3.535b
  • Shares outstanding: 109.26m
  • Website: https://www.vowasa.com

Number of Employees


Location

  • VOW ASA
  • Lysaker Torg 12
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VOWOB (Oslo Bors)YesOrdinary SharesNONOKApr 2014
213DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2014
0QTWLSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2014
SSHP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2014
VOWOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKApr 2014

Biography

VOW ASA, together with its subsidiaries, manufactures and supplies systems for processing and purifying waste water, food waste, solid waste, and bio sludge. It operates through Projects and After Sales se...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 22:23
End of Day Share Price2020/11/24 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.