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
|Historical stock prices|
|Current Share Price||kr130.00|
|52 Week High||kr0|
|52 Week Low||kr0|
|1 Month Change||-0.76%|
|3 Month Change||0%|
|1 Year Change||n/a|
|3 Year Change||30.00%|
|5 Year Change||n/a|
|Change since IPO||3,150.00%|
Recent News & Updates
|HITV||NO Capital Markets||NO Market|
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.
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
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
|HITV fundamental statistics|
Is HITV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HITV income statement (TTM)|
|Cost of Revenue||kr164.58m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||3.15|
|Net Profit Margin||19.93%|
How did HITV perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is HitecVision undervalued compared to its fair value and its price relative to the market?
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).
How is HitecVision forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has HitecVision performed over the past 5 years?
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.
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.
What is HitecVision current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ole Ertvaag (57 yo)
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...
Experienced Management: HITV's management team is seasoned and experienced (6.7 years average tenure).
Experienced Board: HITV's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HitecVision AS's employee growth, exchange listings and data sources
- 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
- HitecVision AS
- Building A
- JAttAvAgveien 7
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 17:48|
|End of Day Share Price||2021/09/23 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.