Havsfrun Investment AB (publ) manages a diversified portfolio of hedge funds in various markets. More Details
Flawless balance sheet second-rate dividend payer.
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 is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HAV B's weekly volatility (6%) has been stable over the past year.
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 67.9% over the past year.
Return vs Market: HAV B exceeded the Swedish Market which returned 15.4% over the past year.
Long-Term 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
2 weeks ago | Simply Wall StShould You Buy Havsfrun Investment AB (publ) (STO:HAV B) For Its 7.5% Dividend?
4 months ago | Simply Wall StHavsfrun Investment AB (publ) (STO:HAV B) Investors Should Think About This Before Buying It For Its Dividend
7 months ago | Simply Wall StIs Havsfrun Investment AB (publ) (STO:HAV B) A Strong Dividend Stock?
Is Havsfrun Investment undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the SE Capital Markets industry average.
PE vs Market: HAV B 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 HAV B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HAV B is overvalued based on its PB Ratio (1.9x) compared to the SE Capital Markets industry average (1.3x).
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.
- Examine Havsfrun Investment's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- 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 is currently unprofitable.
Growing Profit Margin: HAV B is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HAV B is unprofitable, and losses have increased over the past 5 years at a rate of 21.8% per year.
Accelerating Growth: Unable to compare HAV B's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HAV B is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (106.2%).
Return on Equity
High ROE: HAV B has a negative Return on Equity (-12.98%), as it is currently unprofitable.
How is Havsfrun Investment's financial position?
Financial Position Analysis
Short Term Liabilities: HAV B's short term assets (SEK152.7M) exceed its short term liabilities (SEK1.1M).
Long Term Liabilities: HAV B has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HAV B is debt free.
Reducing Debt: HAV B has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.
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: Whilst unprofitable HAV B has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HAV B is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8% per year.
What is Havsfrun Investment current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAV B's dividend (6.25%) is higher than the bottom 25% of dividend payers in the Swedish market (0.93%).
High Dividend: HAV B's dividend (6.25%) is in the top 25% of dividend payers in the Swedish market (3.54%)
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: HAV B is paying a dividend but the company is unprofitable.
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 (45 yo)
Mr. Jonas Israelsson serves as Chief Executive Officer of Havsfrun Investment AB (publ) since 2017 and served as its Deputy Chief Executive Officer. Mr. Israelsson served as Investment Manager of Havsfrun ...
CEO Compensation Analysis
Compensation vs Market: Jonas's total compensation ($USD136.98K) is below average for companies of similar size in the Swedish market ($USD236.21K).
Compensation vs Earnings: Jonas's compensation has increased whilst the company is unprofitable.
|Chairman of the Board||4yrs||kr870.00k||28.53% |
|Independent Director||20yrs||kr119.00k||0.26% |
|Independent Director||4yrs||kr119.00k||0.025% |
|Independent Director||6yrs||kr138.00k||no data|
Experienced Board: HAV B's board of directors are considered experienced (5 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: kr289.332m
- Shares outstanding: 12.11m
- Website: https://www.havsfrun.se
Number of Employees
- 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||2021/01/15 19:47|
|End of Day Share Price||2021/01/15 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.