OB:HAVI

Stock Analysis Report

Havila Shipping

Executive Summary

Havila Shipping ASA, together with its subsidiaries, engages in the shipping business.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Havila Shipping is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

OB:HAVI

-0.3%

NO Energy Services

0.2%

NO Market


1 Year Return

-63.1%

OB:HAVI

-40.3%

NO Energy Services

-14.4%

NO Market

HAVI underperformed the Energy Services industry which returned -40.3% over the past year.

HAVI underperformed the Market in Norway which returned -14.4% over the past year.


Share holder returns

HAVIIndustryMarket
7 Day-3.5%-0.3%0.2%
30 Day-13.0%-12.6%-3.5%
90 Day-16.7%-24.7%-7.3%
1 Year-63.1%-63.1%-39.1%-40.3%-9.3%-14.4%
3 Year-98.0%-98.0%-4.6%-11.2%39.3%20.8%
5 Year-99.9%-99.9%-52.4%-66.0%38.6%7.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Havila Shipping undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Havila Shipping is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Havila Shipping has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of HAVI’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Havila Shipping regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

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

43.7%

Forecasted Energy 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 Shipping 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.


Next Steps

Past Performance

How has Havila Shipping performed over the past 5 years?

-15.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Havila Shipping does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Havila Shipping's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Havila Shipping's 1-year growth to the NO Energy Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Havila Shipping has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Havila Shipping has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Havila Shipping improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Havila Shipping's financial position?


Financial Position Analysis

Havila Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Havila Shipping's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Havila Shipping has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Havila Shipping's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Havila Shipping has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Havila Shipping has less than a year of cash runway based on current free cash flow.

Havila Shipping has less than a year of cash runway if free cash flow continues to grow at historical rates of 99.2% each year.


Next Steps

Dividend

What is Havila Shipping's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Havila Shipping's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Havila Shipping's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Havila Shipping has not reported any payouts.

Unable to verify if Havila Shipping's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Havila Shipping has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Havila Shipping's salary, the management and board of directors tenure and is there insider trading?

11.1yrs

Average management tenure


CEO

Njål Sævik (50yo)

16.6yrs

Tenure

kr1,992,000

Compensation

Mr. Njål Sævik has been the Chief Executive Officer at Havila Shipping ASA since 2003 and serves as its Managing Director. Mr. Sævik is a Director of Axxis Geo Solutions AS. Mr. Sævik has been with offshor ...


Management Age and Tenure

11.1yrs

Average Tenure

The average tenure for the Havila Shipping management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.3yrs

Average Tenure

57yo

Average Age

The tenure for the Havila Shipping board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Arne Dale

    Chief Financial Officer

    • Tenure: 11.1yrs
  • Njål Sævik (50yo)

    CEO, MD & Administration Director

    • Tenure: 16.6yrs
    • Compensation: kr1.99m
  • Runar Smadal

    Human Resource Director

    • Tenure: 0.0yrs
  • Olav Vikebakk

    Deputy Managing Director

    • Tenure: 1.0yrs

Board Members

  • Jostein Sætrenes (55yo)

    Chairman

    • Tenure: 2.3yrs
  • Jogeir Romestrand (58yo)

    Director

    • Tenure: 2.3yrs
  • Helge Aarseth (72yo)

    Deputy Chairman

    • Tenure: 0.0yrs
  • Hege Rabben (48yo)

    Director

    • Tenure: 16.6yrs
  • Nina Skage (57yo)

    Director

    • Tenure: 4.3yrs

Company Information

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


Key Information

  • Name: Havila Shipping ASA
  • Ticker: HAVI
  • Exchange: OB
  • Founded: 2003
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr84.406m
  • Shares outstanding: 23.78m
  • Website: https://www.havilashipping.no

Number of Employees


Location

  • Havila Shipping ASA
  • Mjølstadnesvegen 24
  • Fosnavåg
  • Møre og Romsdal
  • 6092
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HAVIOB (Oslo Bors)YesOrdinary SharesNONOKMar 2005
H4SDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2005
0LGILSE (London Stock Exchange)YesOrdinary SharesGBNOKMar 2005
HAVIOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMar 2005

Biography

Havila Shipping ASA, together with its subsidiaries, engages in the shipping business. It manages and operates offshore service vessels primarily in the Norwegian, British, and Danish sectors of the North  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 20:52
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.