Havsfrun Investment AB (publ) manages a diversified portfolio of hedge funds in various markets.
+ 1 more risk
Second-rate dividend payer and overvalued.
Share Price & News
How has Havsfrun Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HAV B has not had significant price volatility in the past 3 months.
7 Day Return
SE Capital Markets
1 Year Return
SE Capital Markets
Return vs Industry: HAV B underperformed the Swedish Capital Markets industry which returned -5.1% over the past year.
Return vs Market: HAV B underperformed the Swedish Market which returned -10.2% over the past year.
Price Volatility Vs. Market
How volatile is Havsfrun Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StThe Havsfrun Investment (STO:HAV B) Share Price Is Down 15% So Some Shareholders Are Getting Worried
2 months ago | Simply Wall StIs Havsfrun Investment AB (publ) (STO:HAV B) A Good Dividend Stock?
4 months ago | Simply Wall StDo Institutions Own Havsfrun Investment AB (publ) (STO:HAV B) Shares?
Is Havsfrun Investment 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: Insufficient data to calculate HAV B's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate HAV B's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: HAV B is poor value based on its PE Ratio (51.1x) compared to the Capital Markets industry average (16.9x).
PE vs Market: HAV B is poor value based on its PE Ratio (51.1x) compared to the Swedish market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HAV B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HAV B is good value based on its PB Ratio (1.1x) compared to the SE Capital Markets industry average (1.6x).
How is Havsfrun Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials 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 Havsfrun Investment 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.
- Take a look at our analysis of HAV B’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Havsfrun Investment competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Havsfrun Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAV B has a high level of non-cash earnings.
Growing Profit Margin: HAV B became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HAV B's earnings have declined by -40.6% per year over the past 5 years.
Accelerating Growth: HAV B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HAV B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (5.4%).
Return on Equity
High ROE: HAV B's Return on Equity (2.1%) is considered low.
How is Havsfrun Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: HAV B has a low level of unsold assets or inventory.
Debt Coverage by Assets: HAV B's debt is not covered by short term assets (assets are -130.4x debt).
Financial Institutions Analysis
Asset Level: HAV B's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HAV B has a sufficient allowance for bad loans.
Low Risk Liabilities: HAV B reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HAV B has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HAV B has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HAV B has an appropriate level of bad loans.
What is Havsfrun Investment's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HAV B's dividend (8.96%) is higher than the bottom 25% of dividend payers in the Swedish market (2.12%).
High Dividend: HAV B's dividend (8.96%) is in the top 25% of dividend payers in the Swedish market (6.54%)
Stability and Growth of Payments
Stable Dividend: HAV B's dividends per share have been stable in the past 10 years.
Growing Dividend: HAV B's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (458%), HAV B's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jonas Israelsson (44yo)
Mr. Jonas Israelsson serves as Chief Executive Officer of Havsfrun Investment AB (publ) and served as its Deputy Chief Executive Officer. Mr. Israelsson served as Investment Manager of Havsfrun Investment ...
CEO Compensation Analysis
Compensation vs Market: Jonas's total compensation ($USD113.88K) is below average for companies of similar size in the Swedish market ($USD215.18K).
Compensation vs Earnings: Jonas's compensation has been consistent with company performance over the past year.
|Chairman of the Board||3.17yrs||kr912.00k||28.53% SEK57.9m|
|Independent Director||19.17yrs||kr122.00k||0.26% SEK531.0k|
|Independent Director||3.17yrs||kr122.00k||0.025% SEK50.2k|
|Independent Director||5.17yrs||kr138.00k||no data|
Experienced Board: HAV B's board of directors are considered experienced (4.2 years average tenure).
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.
Havsfrun Investment AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Havsfrun Investment AB (publ)
- Ticker: HAV B
- Exchange: OM
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: kr202.774m
- Shares outstanding: 12.11m
- Website: https://www.havsfrun.se
- Havsfrun Investment AB (publ)
- Strandvägen 1
- 114 51
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HAV B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Apr 1996|
|0I26||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Apr 1996|
|HAVBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Apr 1996|
Havsfrun Investment AB (publ) manages a diversified portfolio of hedge funds in various markets. The company was founded in 1988 and is based in Stockholm, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 21:29|
|End of Day Share Price||2020/03/27 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.