OB:HAVI

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Havila Shipping

Executive Summary

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


Snowflake Analysis

Good value with questionable track record.


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

Stable Share Price: HAVI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.4%

HAVI

-8.0%

NO Energy Services

-5.2%

NO Market


1 Year Return

-34.1%

HAVI

-56.9%

NO Energy Services

-14.0%

NO Market

Return vs Industry: HAVI exceeded the Norwegian Energy Services industry which returned -57% over the past year.

Return vs Market: HAVI underperformed the Norwegian Market which returned -13.3% over the past year.


Shareholder returns

HAVIIndustryMarket
7 Day-9.4%-8.0%-5.2%
30 Day-5.5%-6.9%-5.0%
90 Day-20.7%-14.6%-1.8%
1 Year-34.1%-34.1%-55.2%-56.9%-11.0%-14.0%
3 Year-82.9%-82.9%-72.8%-74.5%-3.0%-13.9%
5 Year-99.3%-99.3%-48.2%-64.6%33.6%6.9%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HAVI (NOK2.22) is trading below our estimate of fair value (NOK122.33)

Significantly Below Fair Value: HAVI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HAVI is good value based on its PE Ratio (0.1x) compared to the XE Energy Services industry average (15.1x).

PE vs Market: HAVI is good value based on its PE Ratio (0.1x) compared to the Norwegian market (14.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HAVI's PB Ratio (0.3x) is in line with the NO Energy Services industry average.


Next Steps

Future Growth

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

74.6%

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?

20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAVI has a high level of non-cash earnings.

Growing Profit Margin: HAVI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HAVI has become profitable over the past 5 years, growing earnings by 20.2% per year.

Accelerating Growth: HAVI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HAVI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-41.5%).


Return on Equity

High ROE: Whilst HAVI's Return on Equity (550.66%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Havila Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: HAVI's short term assets (NOK473.7M) exceed its short term liabilities (NOK281.7M).

Long Term Liabilities: HAVI's short term assets (NOK473.7M) do not cover its long term liabilities (NOK2.4B).


Debt to Equity History and Analysis

Debt Level: HAVI's debt to equity ratio (1157.5%) is considered high.

Reducing Debt: HAVI's debt to equity ratio has increased from 286.3% to 1157.5% over the past 5 years.

Debt Coverage: HAVI's debt is not well covered by operating cash flow (4.9%).

Interest Coverage: Insufficient data to determine if HAVI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: HAVI is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HAVI's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

12.3yrs

Average management tenure


CEO

Njål Sævik (51 yo)

17.75yrs

Tenure

kr1,472,000

Compensation

Mr. Njål Sævik serves as the Director at Havilafjord AS. 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 o ...


Leadership Team

NamePositionTenureCompensationOwnership
Njål Sævik
CEO, MD & Administration Director17.75yrskr1.47mno data
Arne Dale
Chief Financial Officer12.25yrsno datano data
Runar Smadal
Human Resource Directorno datano datano data
Olav Vikebakk
Deputy Managing Director2.17yrsno datano data

12.3yrs

Average Tenure

Experienced Management: HAVI's management team is seasoned and experienced (12.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jostein Sætrenes
Chairman3.42yrskr315.00kno data
Jogeir Romestrand
Director3.42yrskr180.00kno data
Helge Aarseth
Deputy Chairmanno datakr190.00kno data
Hege Rabben
Director17.75yrskr190.00kno data
Nina Skage
Director5.5yrskr180.00kno data

4.5yrs

Average Tenure

58yo

Average Age

Experienced Board: HAVI's board of directors are considered experienced (4.5 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.


Ownership Breakdown

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


Top Shareholders

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: kr55.637m
  • Shares outstanding: 23.78m
  • Website: https://www.havilashipping.no

Number of Employees


Location

  • Havila Shipping ASA
  • P.O. Box 215
  • Fosnavåg
  • Møre og Romsdal
  • 6099
  • 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 Analysis2020/10/30 22:07
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.