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HUDL

Huddlestock Fintech OB:HUDL Stock Report

Last Price

kr2.80

Market Cap

kr360.5m

7D

-0.7%

1Y

-28.2%

Updated

18 Aug, 2022

Data

Company Financials +
HUDL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

HUDL Stock Overview

Huddlestock Fintech AS, a fintech company, develops and implements software as a service-solutions for custody banks, asset managers, and trading venues.

Huddlestock Fintech Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Huddlestock Fintech
Historical stock prices
Current Share Pricekr2.80
52 Week Highkr4.38
52 Week Lowkr2.26
Beta0
1 Month Change2.94%
3 Month Change-17.16%
1 Year Change-28.21%
3 Year Changen/a
5 Year Changen/a
Change since IPO21.74%

Recent News & Updates

Shareholder Returns

HUDLNO Capital MarketsNO Market
7D-0.7%-0.8%0.6%
1Y-28.2%-19.1%9.4%

Return vs Industry: HUDL underperformed the Norwegian Capital Markets industry which returned -19.1% over the past year.

Return vs Market: HUDL underperformed the Norwegian Market which returned 9.4% over the past year.

Price Volatility

Is HUDL's price volatile compared to industry and market?
HUDL volatility
HUDL Average Weekly Movement6.4%
Capital Markets Industry Average Movement4.7%
Market Average Movement6.6%
10% most volatile stocks in NO Market12.3%
10% least volatile stocks in NO Market3.7%

Stable Share Price: HUDL is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HUDL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201861John Skajemhttps://huddlestock.com

Huddlestock Fintech AS, a fintech company, develops and implements software as a service-solutions for custody banks, asset managers, and trading venues. It offers digital boarding, client communication, reporting, order execution, and portfolio management services; business analysis, software design, and development and project management services; and financial consultancy and technology services. The company also operates Bedrock, a connectivity SaaS API platform for online trading and brokerage; and Apex platform to provide wealth tech solutions.

Huddlestock Fintech Fundamentals Summary

How do Huddlestock Fintech's earnings and revenue compare to its market cap?
HUDL fundamental statistics
Market Capkr360.48m
Earnings (TTM)-kr21.83m
Revenue (TTM)kr31.92m

11.3x

P/S Ratio

-16.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HUDL income statement (TTM)
Revenuekr31.92m
Cost of Revenuekr24.74m
Gross Profitkr7.18m
Other Expenseskr29.00m
Earnings-kr21.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)-0.17
Gross Margin22.48%
Net Profit Margin-68.38%
Debt/Equity Ratio9.3%

How did HUDL perform over the long term?

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

Valuation

Is HUDL 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 HUDL?

Other financial metrics that can be useful for relative valuation.

HUDL 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/Revenue11.3x
Enterprise Value/EBITDA-45.3x
PEG Ration/a

Price to Book Ratio vs Peers

How does HUDL's PB Ratio compare to its peers?

HUDL PB Ratio vs Peers
The above table shows the PB ratio for HUDL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.6x
NBX Norwegian Block Exchange
3.3xn/akr268.2m
MYBANK MyBank
0.9xn/akr211.3m
SAGA Saga Pure
1xn/akr1.1b
HITV HitecVision
5xn/akr3.4b
HUDL Huddlestock Fintech
3.2x90.6%kr360.5m

Price-To-Book vs Peers: HUDL is expensive based on its Price-To-Book Ratio (3.2x) compared to the peer average (2.6x).


Price to Earnings Ratio vs Industry

How does HUDL's PE Ratio compare vs other companies in the European Capital Markets Industry?

Price-To-Book vs Industry: HUDL is expensive based on its Price-To-Book Ratio (3.2x) compared to the European Capital Markets industry average (1.1x)


Price to Book Ratio vs Fair Ratio

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

HUDL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.2x
Fair PB Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate HUDL'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 Huddlestock Fintech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


90.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HUDL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

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

High Growth Earnings: HUDL is expected to become profitable in the next 3 years.

Revenue vs Market: HUDL's revenue (43.6% per year) is forecast to grow faster than the Norwegian market (-0.5% per year).

High Growth Revenue: HUDL's revenue (43.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HUDL's Return on Equity is forecast to be high in 3 years time (23.2%)


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Past Performance

How has Huddlestock Fintech 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


-95.9%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: HUDL is currently unprofitable.

Growing Profit Margin: HUDL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if HUDL's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: HUDL is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (21.7%).


Return on Equity

High ROE: HUDL has a negative Return on Equity (-19.38%), as it is currently unprofitable.


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Financial Health

How is Huddlestock Fintech's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: HUDL's short term assets (NOK27.4M) exceed its short term liabilities (NOK26.4M).

Long Term Liabilities: HUDL's short term assets (NOK27.4M) exceed its long term liabilities (NOK11.3M).


Debt to Equity History and Analysis

Debt Level: HUDL's net debt to equity ratio (3.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HUDL'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: HUDL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HUDL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Huddlestock Fintech 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

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

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

Growing Dividend: Insufficient data to determine if HUDL'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 HUDL has not reported any payouts.


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Management

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

3.7yrs

Average board tenure


CEO

John Skajem (59 yo)

no data

Tenure

John Egil. Skajem serves as Head of Investment Banking of Orion Securities. Mr. Skajem served as Managing Director of Kaupthing Norge, a subsidiary of Kaupthing Bunadarbanki. He joined Kaupthing Bank in 20...


Board Members

Experienced Board: HUDL's board of directors are considered experienced (3.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.9%.


Top Shareholders

Company Information

Huddlestock Fintech AS's employee growth, exchange listings and data sources


Key Information

  • Name: Huddlestock Fintech AS
  • Ticker: HUDL
  • Exchange: OB
  • Founded: 2018
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Implied Market Cap: kr360.480m
  • Shares outstanding: 128.74m
  • Website: https://huddlestock.com

Number of Employees


Location

  • Huddlestock Fintech AS
  • Gamle Forusveien 53b
  • Stavanger
  • Rogaland
  • 4031
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/03/31
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.