company background image
HITV

HitecVisionOTCNO:HITV Stock Report

Market Cap

kr2.5b

7D

0%

1Y

n/a

Updated

24 Sep, 2021

Data

Company Financials
HITV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

HITV Overview

HitecVision AS is a private equity and venture capital firm specializing in investments in seed stage, growth capital, replacement capital, mature stage, PIPEs, industry consolidation, buyouts including management buyouts, and public to private transactions in middle market companies.

Price History & Performance

Summary of all time highs, changes and price drops for HitecVision
Historical stock prices
Current Share Pricekr130.00
52 Week Highkr0
52 Week Lowkr0
Beta1.62
1 Month Change-0.76%
3 Month Change0%
1 Year Changen/a
3 Year Change30.00%
5 Year Changen/a
Change since IPO3,150.00%

Recent News & Updates

Shareholder Returns

HITVNO Capital MarketsNO Market
7D0%-1.6%0.5%
1Yn/a33.8%25.9%

Return vs Industry: Insufficient data to determine how HITV performed against the Norwegian Capital Markets industry.

Return vs Market: Insufficient data to determine how HITV performed against the Norwegian Market.

Price Volatility

Is HITV's price volatile compared to industry and market?
HITV volatility
HITV Beta1.62
Industry Beta0.99
Market Beta1

Stable Share Price: Insufficient data to determine HITV's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine HITV's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
198562Ole Ertvaaghttps://www.hitecvision.com

HitecVision AS is a private equity and venture capital firm specializing in investments in seed stage, growth capital, replacement capital, mature stage, PIPEs, industry consolidation, buyouts including management buyouts, and public to private transactions in middle market companies. The firm also participates in add on acquisitions. It prefers to invest in the energy sector with a focus on oil and gas related service technology, oilfield technologies and exploration and onshore and offshore production companies.

HitecVision Fundamentals Summary

How do HitecVision's earnings and revenue compare to its market cap?
HITV fundamental statistics
Market Capkr2.47b
Earnings (TTM)kr59.81m
Revenue (TTM)kr300.08m

41.2x

P/E Ratio

8.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HITV income statement (TTM)
Revenuekr300.08m
Cost of Revenuekr164.58m
Gross Profitkr135.50m
Expenseskr75.69m
Earningskr59.81m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)3.15
Gross Margin45.15%
Net Profit Margin19.93%
Debt/Equity Ratio0.0%

How did HITV perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

61%

Payout Ratio

Valuation

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

41.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HITV (NOK130) is trading above our estimate of fair value (NOK92.89)

Significantly Below Fair Value: HITV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HITV is poor value based on its PE Ratio (41.2x) compared to the European Capital Markets industry average (15.2x).

PE vs Market: HITV is poor value based on its PE Ratio (41.2x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HITV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HITV is overvalued based on its PB Ratio (3.6x) compared to the XE Capital Markets industry average (1.5x).


Future Growth

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

11.9%

Forecasted Diversified Financials 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 HitecVision 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.


Past Performance

How has HitecVision performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HITV has high quality earnings.

Growing Profit Margin: HITV's current net profit margins (19.9%) are lower than last year (35.9%).


Past Earnings Growth Analysis

Earnings Trend: HITV's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: HITV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HITV had negative earnings growth (-57.2%) over the past year, making it difficult to compare to the Capital Markets industry average (38.8%).


Return on Equity

High ROE: HITV's Return on Equity (8.9%) is considered low.


Financial Health

How is HitecVision's financial position?


Financial Position Analysis

Short Term Liabilities: HITV's short term assets (NOK86.1M) do not cover its short term liabilities (NOK86.5M).

Long Term Liabilities: HITV has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: HITV is debt free.

Reducing Debt: HITV has no debt compared to 5 years ago when its debt to equity ratio was 15.7%.

Debt Coverage: HITV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HITV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HITV's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.86%).

High Dividend: HITV's dividend (1.48%) is low compared to the top 25% of dividend payers in the Norwegian market (5.14%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether HITV's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HITV's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.2%), HITV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.7yrs

Average management tenure


CEO

Ole Ertvaag (57 yo)

no data

Tenure

kr13,637,722

Compensation

Mr. Ole Ertvaag serves as a Founding Partner and Chief Executive officer at HitecVision AS and also serves as its Director since November 2019. He is the Owner of Eføy Investering AS. He joined HitecVision...


Leadership Team

Experienced Management: HITV's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: HITV's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HitecVision AS's employee growth, exchange listings and data sources


Key Information

  • Name: HitecVision AS
  • Ticker: HITV
  • Exchange: OTCNO
  • Founded: 1985
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr2.466b
  • Shares outstanding: 18.97m
  • Website: https://www.hitecvision.com

Number of Employees


Location

  • HitecVision AS
  • Building A
  • JAttAvAgveien 7
  • Stavanger
  • Rogaland
  • 4068
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 17:48
End of Day Share Price2021/09/23 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.