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Market Cap

kr441.9m

Last Updated

2021/04/11 19:01 UTC

Data Sources

Company Financials

Executive Summary

Havsfrun Investment AB (publ) manages a diversified portfolio of hedge funds in various markets. More Details


Snowflake Analysis

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 +/- 8% a week.

Volatility Over Time: HAV B's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

30.4%

HAV B

4.7%

SE Capital Markets

2.8%

SE Market


1 Year Return

121.9%

HAV B

126.3%

SE Capital Markets

58.8%

SE Market

Return vs Industry: HAV B underperformed the Swedish Capital Markets industry which returned 126.3% over the past year.

Return vs Market: HAV B exceeded the Swedish Market which returned 58.8% over the past year.


Shareholder returns

HAV BIndustryMarket
7 Day30.4%4.7%2.8%
30 Day57.3%14.5%4.5%
90 Day67.4%29.8%13.8%
1 Year139.4%121.9%128.9%126.3%63.5%58.8%
3 Year137.9%103.9%147.4%129.1%74.9%54.5%
5 Year125.3%65.9%189.8%151.5%103.9%62.2%

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

Valuation

Is Havsfrun Investment undervalued compared to its fair value and its price relative to the market?

2.83x

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 (2.8x) compared to the SE Capital Markets industry average (1.7x).


Future Growth

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

16.6%

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.


Past Performance

How has Havsfrun Investment performed over the past 5 years?

-15.1%

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 15.1% 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 (41.5%).


Return on Equity

High ROE: HAV B has a negative Return on Equity (-11.13%), as it is currently unprofitable.


Financial Health

How is Havsfrun Investment's financial position?


Financial Position Analysis

Short Term Liabilities: HAV B's short term assets (SEK157.3M) exceed its short term liabilities (SEK1.3M).

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%.


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: 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 13.8% per year.


Dividend

What is Havsfrun Investment current dividend yield, its reliability and sustainability?

4.11%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 11 2021Ex Dividend DateApr 22 2021Dividend Pay DateApr 28 20216 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HAV B's dividend (4.11%) is higher than the bottom 25% of dividend payers in the Swedish market (1.2%).

High Dividend: HAV B's dividend (4.11%) is in the top 25% of dividend payers in the Swedish market (3.48%)


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.


Next Steps

Management

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

5.3yrs

Average board tenure


CEO

Jonas Israelsson (45 yo)

4.25yrs

Tenure

kr1,147,000

Compensation

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 ($USD134.12K) is below average for companies of similar size in the Swedish market ($USD238.53K).

Compensation vs Earnings: Jonas's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: HAV B's board of directors are considered experienced (5.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Havsfrun Investment AB (publ)
  • Ticker: HAV B
  • Exchange: OM
  • Founded: 1988
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr441.867m
  • Shares outstanding: 12.11m
  • Website: https://www.havsfrun.se

Number of Employees


Location

  • Havsfrun Investment AB (publ)
  • Strandvägen 1
  • Stockholm
  • 114 51
  • Sweden

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 19:01
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.