OM:HOVD

Stock Analysis Report

Executive Summary

Hövding Sverige AB (publ) develops, manufactures, and sells airbag helmets for bicycles in Sweden, Japan, and other European countries.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Hövding Sverige's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HOVD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

15.3%

HOVD

8.6%

SE Leisure

7.3%

SE Market


1 Year Return

8.7%

HOVD

-19.1%

SE Leisure

-6.6%

SE Market

Return vs Industry: HOVD exceeded the Swedish Leisure industry which returned -20.3% over the past year.

Return vs Market: HOVD exceeded the Swedish Market which returned -6.9% over the past year.


Shareholder returns

HOVDIndustryMarket
7 Day15.3%8.6%7.3%
30 Day-6.0%-8.4%-2.6%
90 Day-18.3%-25.6%-17.3%
1 Year10.3%8.7%-16.2%-19.1%-4.7%-6.6%
3 Year49.9%11.2%24.2%8.6%7.0%-8.2%
5 Yearn/a45.2%26.0%15.3%-8.3%

Price Volatility Vs. Market

How volatile is Hövding Sverige's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hövding Sverige undervalued compared to its fair value and its price relative to the market?

36.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HOVD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HOVD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HOVD is unprofitable, so we can't compare its PE Ratio to the Leisure industry average.

PE vs Market: HOVD is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HOVD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HOVD is overvalued based on its PB Ratio (36.9x) compared to the SE Leisure industry average (1.9x).


Next Steps

Future Growth

How is Hövding Sverige forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.6%

Forecasted Consumer Durables 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 Hövding Sverige 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.


Next Steps

Past Performance

How has Hövding Sverige performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HOVD is currently unprofitable.

Growing Profit Margin: HOVD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HOVD is unprofitable, and losses have increased over the past 5 years at a rate of -6% per year.

Accelerating Growth: Unable to compare HOVD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HOVD is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-6.9%).


Return on Equity

High ROE: HOVD has a negative Return on Equity (-448.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hövding Sverige's financial position?


Financial Position Analysis

Short Term Liabilities: HOVD's short term assets (SEK60.7M) exceed its short term liabilities (SEK56.9M).

Long Term Liabilities: HOVD's short term assets (SEK60.7M) exceed its long term liabilities (SEK10.5M).


Debt to Equity History and Analysis

Debt Level: HOVD is debt free.

Reducing Debt: HOVD has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HOVD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HOVD has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.5% each year


Next Steps

Dividend

What is Hövding Sverige's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HOVD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HOVD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HOVD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HOVD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HOVD's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average board tenure


CEO

Fredrik Carling (48yo)

8.25s

Tenure

Mr. Fredrik Carling has been the Chief Executive Officer at Hövding Sverige AB since 2012. Mr. Carling served as the Chief Executive Officer of the Nordic Operations at Diesel Sweden AB. He served as a Dir ...


Board Members

NamePositionTenureCompensationOwnership
Örjan Johansson
Chairman of the Board of Directors10.25yrsno data0.42% SEK1.8m
Samir Mastaki
Director6.25yrsno datano data
Lennart Gustafsson
Director9.25yrsno datano data
Christer Ljungberg
Director5.25yrsno datano data
Johan Larsson
Deputy Director5.25yrsno datano data
Sofia Ulver
Director5.25yrsno datano data
Peter Svanlund
Board memberno datano datano data
Amanda Evans
Board Memberno datano datano data

5.8yrs

Average Tenure

54yo

Average Age

Experienced Board: HOVD's board of directors are considered experienced (5.8 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.1%.


Top Shareholders

Company Information

Hövding Sverige AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hövding Sverige AB (publ)
  • Ticker: HOVD
  • Exchange: OM
  • Founded: 2005
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: kr418.885m
  • Shares outstanding: 22.28m
  • Website: https://www.hovding.com

Number of Employees


Location

  • Hövding Sverige AB (publ)
  • Bergsgatan 33
  • Malmö
  • Skåne County
  • 214 22
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOVDOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKJun 2015
HS4DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2015
0GB4LSE (London Stock Exchange)YesCommon SharesGBSEKJun 2015
HOVD BTAOM (OMX Nordic Exchange Stockholm)NPV BTA 052020SESEKMar 2020

Biography

Hövding Sverige AB (publ) develops, manufactures, and sells airbag helmets for bicycles in Sweden, Japan, and other European countries. It offers its products through retailers and distributors, as well as online. The company was founded in 2005 and is headquartered in Malmö, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 22:41
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.