Höegh Autoliners ASA

OB:HAUTO Stock Report

Market Cap: NOK 25.2b

Höegh Autoliners Valuation

Is HAUTO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HAUTO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HAUTO (NOK132.2) is trading below our estimate of fair value (NOK394.39)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HAUTO?

Key metric: As HAUTO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HAUTO. This is calculated by dividing HAUTO's market cap by their current earnings.
What is HAUTO's PE Ratio?
PE Ratio3.4x
EarningsUS$678.71m
Market CapUS$2.28b

Price to Earnings Ratio vs Peers

How does HAUTO's PE Ratio compare to its peers?

The above table shows the PE ratio for HAUTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4x
WWI Wilh. Wilhelmsen Holding
3.6x-1.5%NOK 18.7b
SNI Stolt-Nielsen
3.5x-6.1%NOK 15.8b
WAWI Wallenius Wilhelmsen
4.8x7.8%NOK 47.8b
MPCC MPC Container Ships
4.2x-33.2%NOK 11.4b
HAUTO Höegh Autoliners
3.4x-14.2%NOK 25.2b

Price-To-Earnings vs Peers: HAUTO is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (4x).

Price to Earnings Ratio vs Industry

How does HAUTO's PE Ratio compare vs other companies in the European Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HAUTO 3.4xIndustry Avg. 7.7xNo. of Companies6PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HAUTO is good value based on its Price-To-Earnings Ratio (3.4x) compared to the European Shipping industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is HAUTO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HAUTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.4x
Fair PE Ratio5x

Price-To-Earnings vs Fair Ratio: HAUTO is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HAUTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 132.20
NOK 143.44
+8.5%
9.3%NOK 160.07NOK 124.24n/a4
Nov ’25NOK 114.80
NOK 144.67
+26.0%
9.0%NOK 160.06NOK 125.73n/a4
Oct ’25NOK 137.70
NOK 151.57
+10.1%
2.0%NOK 156.39NOK 148.42n/a4
Sep ’25NOK 118.40
NOK 151.45
+27.9%
2.4%NOK 157.60NOK 147.74n/a4
Aug ’25NOK 118.80
NOK 153.97
+29.6%
7.6%NOK 165.81NOK 136.42n/a4
Jul ’25NOK 121.40
NOK 151.00
+24.4%
8.4%NOK 163.62NOK 130.92n/a4
Jun ’25NOK 124.40
NOK 148.45
+19.3%
8.1%NOK 160.99NOK 128.81n/a4
May ’25NOK 117.20
NOK 151.37
+29.2%
6.7%NOK 160.56NOK 135.46n/a4
Apr ’25NOK 92.20
NOK 155.47
+68.6%
5.1%NOK 167.48NOK 146.97n/a4
Mar ’25NOK 105.80
NOK 157.04
+48.4%
5.4%NOK 169.72NOK 148.94n/a4
Feb ’25NOK 105.30
NOK 121.14
+15.0%
5.6%NOK 129.67NOK 112.78n/a4
Jan ’25NOK 92.25
NOK 117.22
+27.1%
6.5%NOK 130.13NOK 110.48n/a4
Dec ’24NOK 89.40
NOK 124.22
+38.9%
2.9%NOK 129.67NOK 119.76n/a4
Nov ’24NOK 91.90
NOK 124.22
+35.2%
2.9%NOK 129.67NOK 119.76NOK 114.804
Oct ’24NOK 77.00
NOK 112.62
+46.3%
4.1%NOK 120.05NOK 107.56NOK 137.704
Sep ’24NOK 75.35
NOK 112.16
+48.8%
4.3%NOK 119.97NOK 106.98NOK 118.404
Aug ’24NOK 59.50
NOK 97.46
+63.8%
2.7%NOK 100.52NOK 94.01NOK 118.804
Jul ’24NOK 60.85
NOK 100.82
+65.7%
4.1%NOK 104.98NOK 94.32NOK 121.404
Jun ’24NOK 64.50
NOK 101.57
+57.5%
4.3%NOK 104.62NOK 93.99NOK 124.404
May ’24NOK 69.10
NOK 91.78
+32.8%
5.3%NOK 95.66NOK 83.48NOK 117.204
Apr ’24NOK 58.90
NOK 90.13
+53.0%
5.2%NOK 94.12NOK 82.14NOK 92.204
Mar ’24NOK 59.30
NOK 89.41
+50.8%
6.4%NOK 93.90NOK 79.92NOK 105.804
Feb ’24NOK 63.80
NOK 83.79
+31.3%
8.1%NOK 93.59NOK 75.43NOK 105.304
Jan ’24NOK 64.90
NOK 84.84
+30.7%
9.1%NOK 93.82NOK 75.02NOK 92.253
Dec ’23NOK 56.10
NOK 84.89
+51.3%
6.6%NOK 90.52NOK 79.26NOK 89.402
Nov ’23NOK 60.00
NOK 74.37
+24.0%
6.0%NOK 78.86NOK 69.88NOK 91.902

Analyst Forecast: Target price is less than 20% higher than the current share price.

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