Torghatten ASA provides transportation services through ferries, boats, buses, and airplanes in Norway. More Details
Adequate balance sheet with questionable track record.
Share Price & News
How has Torghatten's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TORG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: TORG's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: TORG exceeded the Norwegian Shipping industry which returned -4.7% over the past year.
Return vs Market: TORG exceeded the Norwegian Market which returned -0.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Torghatten's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Torghatten undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TORG (NOK169) is trading above our estimate of fair value (NOK73.36)
Significantly Below Fair Value: TORG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TORG is good value based on its PE Ratio (15.3x) compared to the NO Shipping industry average (17.3x).
PE vs Market: TORG's PE Ratio (15.3x) is in line with the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: TORG is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: TORG is overvalued based on its PB Ratio (2.7x) compared to the NO Shipping industry average (0.8x).
How is Torghatten forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TORG's forecast earnings growth (13.9% per year) is above the savings rate (1.6%).
Earnings vs Market: TORG's earnings (13.9% per year) are forecast to grow slower than the Norwegian market (33.7% per year).
High Growth Earnings: TORG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TORG's revenue (5% per year) is forecast to grow slower than the Norwegian market (6.3% per year).
High Growth Revenue: TORG's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TORG's Return on Equity is forecast to be low in 3 years time (16.7%).
How has Torghatten performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TORG has high quality earnings.
Growing Profit Margin: TORG's current net profit margins (4%) are lower than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: TORG's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: TORG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TORG had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Shipping industry average (-34.3%).
Return on Equity
High ROE: TORG's Return on Equity (13.2%) is considered low.
How is Torghatten's financial position?
Financial Position Analysis
Short Term Liabilities: TORG's short term assets (NOK3.1B) exceed its short term liabilities (NOK1.8B).
Long Term Liabilities: TORG's short term assets (NOK3.1B) do not cover its long term liabilities (NOK5.9B).
Debt to Equity History and Analysis
Debt Level: TORG's debt to equity ratio (132.7%) is considered high.
Reducing Debt: TORG's debt to equity ratio has reduced from 184.4% to 132.7% over the past 5 years.
Debt Coverage: TORG's debt is well covered by operating cash flow (25.9%).
Interest Coverage: TORG's interest payments on its debt are well covered by EBIT (4.2x coverage).
What is Torghatten current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TORG's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.5%).
High Dividend: TORG's dividend (1.18%) is low compared to the top 25% of dividend payers in the Norwegian market (5.88%).
Stability and Growth of Payments
Stable Dividend: TORG is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: TORG is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TORG is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TORG'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?
Roger Granheim (56 yo)
Mr. Roger Granheim has been Chief Executive Officer at Torghatten ASA since May 6, 2019. He served as Deputy Chief Executive Officer and Executive Vice President at Torghatten ASA since January 01, 2010 un...
CEO Compensation Analysis
Compensation vs Market: Roger's total compensation ($USD383.02K) is below average for companies of similar size in the Norwegian market ($USD572.14K).
Compensation vs Earnings: Roger's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
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.
Torghatten ASA's company bio, employee growth, exchange listings and data sources
- Name: Torghatten ASA
- Ticker: TORG
- Exchange: OTCNO
- Industry: Marine
- Sector: Transportation
- Market Cap: kr7.364b
- Shares outstanding: 44.90m
- Website: https://www.torghatten.no
Number of Employees
- Torghatten ASA
- Havnegata 40
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TORG||OTCNO (Norway OTC)||Yes||Share Capital||NO||NOK||Jan 2000|
Torghatten ASA provides transportation services through ferries, boats, buses, and airplanes in Norway. It is also involved in garage, travel agency, and real estate activities. The company is based in Brø...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/01 20:11|
|End of Day Share Price||2020/12/01 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.