OB:HLNG

Stock Analysis Report

Höegh LNG Holdings

Executive Summary

Höegh LNG Holdings Ltd., together with its subsidiaries, provides floating energy solutions worldwide.

Snowflake

Fundamentals

Undervalued with moderate growth potential.


Similar Companies

Share Price & News

How has Höegh LNG Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

OB:HLNG

-2.1%

NO Oil and Gas

-0.8%

NO Market


1 Year Return

-31.2%

OB:HLNG

-28.6%

NO Oil and Gas

-14.6%

NO Market

HLNG underperformed the Oil and Gas industry which returned -28.6% over the past year.

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


Share holder returns

HLNGIndustryMarket
7 Day2.5%-2.1%-0.8%
30 Day-4.2%-8.0%-3.6%
90 Day-18.6%-18.0%-7.5%
1 Year-29.6%-31.2%-25.1%-28.6%-9.7%-14.6%
3 Year-59.6%-63.6%37.2%20.3%38.2%19.9%
5 Year-52.8%-59.4%14.9%-9.0%37.3%6.1%

Price Volatility Vs. Market

How volatile is Höegh LNG Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Höegh LNG Holdings undervalued based on future cash flows and its price relative to the stock market?

47%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Höegh LNG Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Höegh LNG Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Höegh LNG Holdings is overvalued based on earnings compared to the NO Oil and Gas industry average.

Höegh LNG Holdings is good value based on earnings compared to the Norway market.


Price Based on Expected Growth

Höegh LNG Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Höegh LNG Holdings is good value based on assets compared to the NO Oil and Gas industry average.


Next Steps

Future Growth

How is Höegh LNG Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

76.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Höegh LNG Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Höegh LNG Holdings's earnings are expected to grow significantly at over 20% yearly.

Höegh LNG Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Norway market average.

Höegh LNG Holdings's earnings growth is expected to exceed the Norway market average.

Höegh LNG Holdings's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Höegh LNG Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Höegh LNG Holdings performed over the past 5 years?

59.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Höegh LNG Holdings has delivered over 20% year on year earnings growth in the past 5 years.

Höegh LNG Holdings's 1-year earnings growth exceeds its 5-year average (66.2% vs 59.8%)

Höegh LNG Holdings's earnings growth has not exceeded the NO Oil and Gas industry average in the past year (66.2% vs 72.4%).


Return on Equity

Höegh LNG Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Höegh LNG Holdings used its assets less efficiently than the NO Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Höegh LNG Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Höegh LNG Holdings's financial position?


Financial Position Analysis

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

Höegh LNG Holdings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Höegh LNG Holdings's level of debt (192.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (21.9% vs 192.1% today).

Debt is not well covered by operating cash flow (12.9%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

What is Höegh LNG Holdings's current dividend yield, its reliability and sustainability?

2.97%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Höegh LNG Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.72%).

Höegh LNG Holdings's dividend is below the markets top 25% of dividend payers in Norway (6.44%).

Höegh LNG Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Höegh LNG Holdings has only been paying a dividend for 4 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.5x coverage).


Next Steps

Management

What is the CEO of Höegh LNG Holdings's salary, the management and board of directors tenure and is there insider trading?

5.6yrs

Average management tenure


CEO

Sveinung J. Støhle (61yo)

0.0yrs

Tenure

US$740,000

Compensation

Mr. Sveinung J. S. Støhle has been Chief Executive Officer of Höegh LNG AS since August 2014 and serves as its President. Mr. Støhle has been the Chief Executive Officer and President at Höegh LNG Holdings ...


Management Age and Tenure

5.6yrs

Average Tenure

55.5yo

Average Age

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


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$950,47506 Jun 19
Leif Höegh & Co AS
EntityCompany
Shares28,500
Max PriceUS$33.35
SellUS$950,47506 Jun 19
Brompton Cross VIII Limited
EntityCompany
Shares28,500
Max PriceUS$33.35
BuyUS$34,968,00029 Jan 19
Leif Höegh & Co AS
EntityCompany
Shares930,000
Max PriceUS$37.60
SellUS$34,968,00029 Jan 19
Aequitas Investments Ltd
EntityCompany
Shares930,000
Max PriceUS$37.60
SellUS$246,36004 Jan 19
Oeivin Iversen
EntityIndividual
Shares6,100
Max PriceUS$40.39
SellUS$493,44704 Jan 19
Ragnar Wisløff
EntityIndividual
Role
Senior Key Executive
Head of Change & Transformation
Shares12,218
Max PriceUS$40.39
SellUS$302,90204 Jan 19
Steffen Føreid
EntityIndividual
Shares7,500
Max PriceUS$40.39
BuyUS$132,75030 Nov 18
Sveinung J. Støhle
EntityIndividual
Role
Chief Executive Officer
CEO & President
Shares3,000
Max PriceUS$44.25

Ownership Breakdown


Management Team

  • Stephan Tschudi-Madsen (62yo)

    Chief Administrative Officer

    • Tenure: 0.0yrs
    • Compensation: US$286.00k
  • Sveinung J. Støhle (61yo)

    CEO & President

    • Tenure: 0.0yrs
    • Compensation: US$740.00k
  • Vegard Hellekleiv (50yo)

    Chief Operations Officer

    • Tenure: 0.0yrs
    • Compensation: US$211.00k
  • Håvard Furu

    Chief Financial Officer

    • Tenure: 0.0yrs
  • Ragnar Wisløff (62yo)

    Head of Change & Transformation

    • Tenure: 0.0yrs
    • Compensation: US$219.00k
  • Camilla Nyhus-Møller (43yo)

    Chief Legal & Compliance Officer

    • Tenure: 6.7yrs
  • Richard Tyrrell (46yo)

    Chief Development Officer

    • Tenure: 0.9yrs
  • Tom Solberg

    Chief of Staff

    • Tenure: 4.6yrs
  • Erik Folkeson

    Vice President of Investor Relations & Strategy

    • Tenure: 0.0yrs
  • Øivin Iversen

    Chief Technical Officer

    • Tenure: 12.6yrs

Board Members

  • Leif Høegh (56yo)

    Deputy Chairman

    • Tenure: 0.0yrs
    • Compensation: US$50.00k
  • Jørgen Kildahl (56yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: US$50.00k
  • Ditlev Wedell-Wedellsborg (58yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: US$50.00k
  • Andrew Jamieson (72yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: US$50.00k
  • Chris Finlayson (63yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: US$50.00k
  • Michael Jones (70yo)

    Director of LHC

    • Tenure: 16.6yrs
  • Morten Høegh (46yo)

    Chairman of the Board

    • Tenure: 13.6yrs
    • Compensation: US$55.00k
  • Steven Davies (45yo)

    Director

    • Tenure: 0.0yrs

Company Information

Höegh LNG Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Höegh LNG Holdings Ltd.
  • Ticker: HLNG
  • Exchange: OB
  • Founded:
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: kr2.499b
  • Shares outstanding: 76.18m
  • Website: https://www.hoeghlng.com

Number of Employees


Location

  • Höegh LNG Holdings Ltd.
  • Canon’s Court
  • 22 Victoria Street
  • Hamilton
  • HM 12
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HLNGOB (Oslo Bors)YesCommon SharesNONOKJul 2011
5HGDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2011
0Q2TLSE (London Stock Exchange)YesCommon SharesGBNOKJul 2011
HOLH.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2011
HLNGOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKJul 2011

Biography

Höegh LNG Holdings Ltd., together with its subsidiaries, provides floating energy solutions worldwide. The company operates through HMLP, Operations, and Business Development and Project Execution segments ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 21:31
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.