Höegh Autoliners Valuation

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

HAUTO (NOK122.8) is trading below our estimate of [[fair value]] (NOK389.87)

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 (NOK122.8) is trading below our estimate of fair value (NOK389.87)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for HAUTO. This is calculated by dividing HAUTO's market cap by their current preferred multiple.
What is HAUTO's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

HAUTO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	3.6x
PEG Ratio	-0.2x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	3.9x
WWI Wilh. Wilhelmsen Holding	3.4x	6.5%	NOK 17.6b
SNI Stolt-Nielsen	3.7x	-6.1%	NOK 16.2b
WAWI Wallenius Wilhelmsen	4.6x	6.4%	NOK 44.7b
MPCC MPC Container Ships	3.9x	-33.2%	NOK 10.0b
HAUTO Höegh Autoliners	3.1x	-14.8%	NOK 22.7b

Price-To-Earnings vs Peers: HAUTO is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (3.9x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: HAUTO is good value based on its Price-To-Earnings Ratio (3.1x) compared to the European Shipping industry average (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 Ratio	3.1x
Fair PE Ratio	4.9x

Price-To-Earnings vs Fair Ratio: HAUTO is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (4.9x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 122.80	NOK 143.44 +16.8%	9.3%	NOK 160.07	NOK 124.24	n/a	4
Nov ’25	NOK 114.80	NOK 144.67 +26.0%	9.0%	NOK 160.06	NOK 125.73	n/a	4
Oct ’25	NOK 137.70	NOK 151.57 +10.1%	2.0%	NOK 156.39	NOK 148.42	n/a	4
Sep ’25	NOK 118.40	NOK 151.45 +27.9%	2.4%	NOK 157.60	NOK 147.74	n/a	4
Aug ’25	NOK 118.80	NOK 153.97 +29.6%	7.6%	NOK 165.81	NOK 136.42	n/a	4
Jul ’25	NOK 121.40	NOK 151.00 +24.4%	8.4%	NOK 163.62	NOK 130.92	n/a	4
Jun ’25	NOK 124.40	NOK 148.45 +19.3%	8.1%	NOK 160.99	NOK 128.81	n/a	4
May ’25	NOK 117.20	NOK 151.37 +29.2%	6.7%	NOK 160.56	NOK 135.46	n/a	4
Apr ’25	NOK 92.20	NOK 155.47 +68.6%	5.1%	NOK 167.48	NOK 146.97	n/a	4
Mar ’25	NOK 105.80	NOK 157.04 +48.4%	5.4%	NOK 169.72	NOK 148.94	n/a	4
Feb ’25	NOK 105.30	NOK 121.14 +15.0%	5.6%	NOK 129.67	NOK 112.78	n/a	4
Jan ’25	NOK 92.25	NOK 117.22 +27.1%	6.5%	NOK 130.13	NOK 110.48	n/a	4
Dec ’24	NOK 89.40	NOK 124.22 +38.9%	2.9%	NOK 129.67	NOK 119.76	n/a	4
Nov ’24	NOK 91.90	NOK 124.22 +35.2%	2.9%	NOK 129.67	NOK 119.76	NOK 114.80	4
Oct ’24	NOK 77.00	NOK 112.62 +46.3%	4.1%	NOK 120.05	NOK 107.56	NOK 137.70	4
Sep ’24	NOK 75.35	NOK 112.16 +48.8%	4.3%	NOK 119.97	NOK 106.98	NOK 118.40	4
Aug ’24	NOK 59.50	NOK 97.46 +63.8%	2.7%	NOK 100.52	NOK 94.01	NOK 118.80	4
Jul ’24	NOK 60.85	NOK 100.82 +65.7%	4.1%	NOK 104.98	NOK 94.32	NOK 121.40	4
Jun ’24	NOK 64.50	NOK 101.57 +57.5%	4.3%	NOK 104.62	NOK 93.99	NOK 124.40	4
May ’24	NOK 69.10	NOK 91.78 +32.8%	5.3%	NOK 95.66	NOK 83.48	NOK 117.20	4
Apr ’24	NOK 58.90	NOK 90.13 +53.0%	5.2%	NOK 94.12	NOK 82.14	NOK 92.20	4
Mar ’24	NOK 59.30	NOK 89.41 +50.8%	6.4%	NOK 93.90	NOK 79.92	NOK 105.80	4
Feb ’24	NOK 63.80	NOK 83.79 +31.3%	8.1%	NOK 93.59	NOK 75.43	NOK 105.30	4
Jan ’24	NOK 64.90	NOK 84.84 +30.7%	9.1%	NOK 93.82	NOK 75.02	NOK 92.25	3
Dec ’23	NOK 56.10	NOK 84.89 +51.3%	6.6%	NOK 90.52	NOK 79.26	NOK 89.40	2
Nov ’23	NOK 60.00	NOK 74.37 +24.0%	6.0%	NOK 78.86	NOK 69.88	NOK 91.90	2

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