Havila Shipping ASA, together with its subsidiaries, engages in the shipping business. More Details
Good value with questionable track record.
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.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
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.
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
2 months ago | Simply Wall StAre Havila Shipping's (OB:HAVI) Statutory Earnings A Good Guide To Its Underlying Profitability?
7 months ago | Simply Wall StHow Much Of Havila Shipping ASA (OB:HAVI) Do Institutions Own?
1 year ago | Simply Wall StIs Havila Shipping ASA (OB:HAVI) A Volatile Stock?
Is Havila Shipping undervalued compared to its fair value and its price relative to the market?
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.
How is Havila Shipping forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Havila Shipping is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Havila Shipping competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Havila Shipping performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Njål Sævik (51 yo)
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 ...
|CEO, MD & Administration Director||17.75yrs||kr1.47m||no data|
|Chief Financial Officer||12.25yrs||no data||no data|
|Human Resource Director||no data||no data||no data|
|Deputy Managing Director||2.17yrs||no data||no data|
Experienced Management: HAVI's management team is seasoned and experienced (12.3 years average tenure).
|Deputy Chairman||no data||kr190.00k||no data|
Experienced Board: HAVI's board of directors are considered experienced (4.5 years average tenure).
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.
Havila Shipping ASA's company bio, employee growth, exchange listings and data sources
- 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
- Havila Shipping ASA
- P.O. Box 215
- Møre og Romsdal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HAVI||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Mar 2005|
|H4S||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 2005|
|0LGI||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Mar 2005|
|HAVIO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Mar 2005|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/30 22:07|
|End of Day Share Price||2020/10/30 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.