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HKY

Havila Kystruten OB:HKY Stock Report

Last Price

kr17.85

Market Cap

kr886.3m

7D

11.6%

1Y

-19.9%

Updated

02 Oct, 2022

Data

Company Financials
HKY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

HKY Stock Overview

Havila Kystruten AS operates as a shipping company that sails the classic coastal voyage between Bergen and Kirkenes.

Havila Kystruten Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Havila Kystruten
Historical stock prices
Current Share Pricekr17.85
52 Week Highkr26.00
52 Week Lowkr15.00
Beta0
1 Month Change1.71%
3 Month Change-7.03%
1 Year Change-19.94%
3 Year Changen/a
5 Year Changen/a
Change since IPO-22.39%

Recent News & Updates

Shareholder Returns

HKYNO HospitalityNO Market
7D11.6%0.2%-0.1%
1Y-19.9%-36.0%-5.4%

Return vs Industry: HKY exceeded the Norwegian Hospitality industry which returned -36% over the past year.

Return vs Market: HKY underperformed the Norwegian Market which returned -5.4% over the past year.

Price Volatility

Is HKY's price volatile compared to industry and market?
HKY volatility
HKY Average Weekly Movement9.0%
Hospitality Industry Average Movement5.3%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

Stable Share Price: HKY is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: HKY's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
2021359Bent Martinihttps://www.havilavoyages.com

Havila Kystruten AS operates as a shipping company that sails the classic coastal voyage between Bergen and Kirkenes. The company was incorporated in 2021 and is headquartered in Fosnavåg, Norway.

Havila Kystruten Fundamentals Summary

How do Havila Kystruten's earnings and revenue compare to its market cap?
HKY fundamental statistics
Market Capkr886.25m
Earnings (TTM)-kr284.55m
Revenue (TTM)kr75.29m

11.8x

P/S Ratio

-3.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HKY income statement (TTM)
Revenuekr75.29m
Cost of Revenuekr13.54m
Gross Profitkr61.74m
Other Expenseskr346.29m
Earnings-kr284.55m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 28, 2022

Earnings per share (EPS)-5.73
Gross Margin82.01%
Net Profit Margin-377.96%
Debt/Equity Ratio347.0%

How did HKY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is HKY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HKY?

Other financial metrics that can be useful for relative valuation.

HKY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue45.8x
Enterprise Value/EBITDA-24.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HKY's PS Ratio compare to its peers?

HKY PS Ratio vs Peers
The above table shows the PS ratio for HKY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
SATS Sats
0.4x5.3%kr1.4b
GIG Gaming Innovation Group
2.7x15.1%kr2.7b
LUMI Lumi Gruppen
0.6x2.3%kr294.5m
TOUR Tuniu
2.2xn/aUS$81.9m
HKY Havila Kystruten
11.8xn/akr886.3m

Price-To-Sales vs Peers: HKY is expensive based on its Price-To-Sales Ratio (11.8x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

How does HKY's PE Ratio compare vs other companies in the European Hospitality Industry?

Price-To-Sales vs Industry: HKY is expensive based on its Price-To-Sales Ratio (11.8x) compared to the European Hospitality industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

What is HKY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HKY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HKY's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HKY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HKY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HKY's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Havila Kystruten forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.8%

Forecasted Consumer 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 Havila Kystruten 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.


Discover growth companies

  • Take a look at our analysis of HKY’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Havila Kystruten competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Havila Kystruten performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-273.5%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: HKY is currently unprofitable.

Growing Profit Margin: HKY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if HKY's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: HKY is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (11.4%).


Return on Equity

High ROE: HKY has a negative Return on Equity (-36.93%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Havila Kystruten's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: HKY's short term assets (NOK265.9M) do not cover its short term liabilities (NOK1.1B).

Long Term Liabilities: HKY's short term assets (NOK265.9M) do not cover its long term liabilities (NOK1.8B).


Debt to Equity History and Analysis

Debt Level: HKY's net debt to equity ratio (331.1%) is considered high.

Reducing Debt: Insufficient data to determine if HKY's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: HKY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HKY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.9% each year


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Dividend

What is Havila Kystruten current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Havila Kystruten Dividend Yield vs Market
How does Havila Kystruten dividend yield compare to the market?
SegmentDividend Yield
Company (Havila Kystruten)n/a
Market Bottom 25% (NO)3.8%
Market Top 25% (NO)8.0%
Industry Average (Hospitality)2.0%
Analyst forecast in 3 Years (Havila Kystruten)n/a

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

High Dividend: Unable to evaluate HKY'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 HKY's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HKY has not reported any payouts.


Discover strong dividend paying companies

Management

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


CEO

Bent Martini

no data

Tenure

Bent Martini is Chief Executive Officer of Havila Kystruten AS.


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

What is the ownership structure of HKY?
Owner TypeNumber of SharesOwnership Percentage
Institutions3,469,9557.0%
General Public16,180,04532.6%
Private Companies30,000,00060.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 67.41% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
60.42%
Havila Holding AS
30,000,000NOK535.5m0%no data
6.52%
Paladin Asset Management GmbH
3,235,294NOK57.7m0%3.56%
0.31%
Nordea Investment Management AB
153,000NOK2.7m0%no data
0.12%
Praude Asset Management Ltd.
61,661NOK1.1m0%0.04%
0.04%
BN & Partners Capital AG, Asset Management Arm
20,000NOK357.0k0%0.02%

Company Information

Havila Kystruten AS's employee growth, exchange listings and data sources


Key Information

  • Name: Havila Kystruten AS
  • Ticker: HKY
  • Exchange: OB
  • Founded: 2021
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Implied Market Cap: kr886.253m
  • Shares outstanding: 49.65m
  • Website: https://www.havilavoyages.com

Number of Employees


Location

  • Havila Kystruten AS
  • Mjølstadnesvegen
  • Fosnavåg
  • Møre og Romsdal
  • 6092
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HKYOB (Oslo Bors)YesOrdinary SharesNONOKAug 2021
6FZBST (Boerse-Stuttgart)YesOrdinary SharesDEEURAug 2021
6FZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.