Hoist Finance
Market Cap
kr2.9b
Last Updated
2020/10/28 21:08 UTC
Data Sources
Company Financials +
Executive Summary
Hoist Finance AB (publ) provides solutions for the acquisition and management of non-performing loans (NPLs) in Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with reasonable growth potential.
Similar Companies
Share Price & News
How has Hoist Finance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HOFI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-9.3%
HOFI
-2.7%
SE Consumer Finance
-6.0%
SE Market
1 Year Return
-41.0%
HOFI
-23.7%
SE Consumer Finance
6.2%
SE Market
Return vs Industry: HOFI underperformed the Swedish Consumer Finance industry which returned -23.7% over the past year.
Return vs Market: HOFI underperformed the Swedish Market which returned 6.2% over the past year.
Shareholder returns
| HOFI | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.3% | -2.7% | -6.0% |
| 30 Day | -0.06% | -2.5% | -6.3% |
| 90 Day | 12.1% | 5.8% | 1.7% |
| 1 Year | -41.0%-41.0% | -22.6%-23.7% | 8.0%6.2% |
| 3 Year | -64.6%-65.5% | -33.8%-41.6% | 22.4%9.3% |
| 5 Year | -55.5%-57.7% | -48.3%-61.9% | 45.6%17.4% |
Price Volatility Vs. Market
How volatile is Hoist Finance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
What Kind Of Investors Own Most Of Hoist Finance AB (publ) (STO:HOFI)?4 weeks ago | Simply Wall St
Have Insiders Been Buying Hoist Finance AB (publ) (STO:HOFI) Shares?Valuation
Is Hoist Finance undervalued compared to its fair value and its price relative to the market?
43.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HOFI (SEK31.28) is trading below our estimate of fair value (SEK55.5)
Significantly Below Fair Value: HOFI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HOFI is poor value based on its PE Ratio (32.6x) compared to the XE Consumer Finance industry average (10.1x).
PE vs Market: HOFI is poor value based on its PE Ratio (32.6x) compared to the Swedish market (21x).
Price to Earnings Growth Ratio
PEG Ratio: HOFI is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: HOFI is good value based on its PB Ratio (0.5x) compared to the XE Consumer Finance industry average (0.9x).
Next Steps
Future Growth
How is Hoist Finance forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
84.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HOFI's forecast earnings growth (84.1% per year) is above the savings rate (0.5%).
Earnings vs Market: HOFI's earnings (84.1% per year) are forecast to grow faster than the Swedish market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HOFI's revenue (11.3% per year) is forecast to grow faster than the Swedish market (3.4% per year).
High Growth Revenue: HOFI's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HOFI's Return on Equity is forecast to be low in 3 years time (11.6%).
Next Steps
Past Performance
How has Hoist Finance performed over the past 5 years?
11.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOFI has high quality earnings.
Growing Profit Margin: HOFI's current net profit margins (2.7%) are lower than last year (21.2%).
Past Earnings Growth Analysis
Earnings Trend: HOFI's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: HOFI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HOFI had negative earnings growth (-89.2%) over the past year, making it difficult to compare to the Consumer Finance industry average (-1.9%).
Return on Equity
High ROE: HOFI's Return on Equity (2.6%) is considered low.
Next Steps
Financial Health
How is Hoist Finance's financial position?
Financial Position Analysis
Short Term Liabilities: HOFI's short term assets (SEK25.2B) exceed its short term liabilities (SEK20.2B).
Long Term Liabilities: HOFI's short term assets (SEK25.2B) exceed its long term liabilities (SEK7.4B).
Debt to Equity History and Analysis
Debt Level: HOFI's debt to equity ratio (121.3%) is considered high.
Reducing Debt: HOFI's debt to equity ratio has increased from 83.2% to 121.3% over the past 5 years.
Debt Coverage: HOFI's debt is well covered by operating cash flow (61.2%).
Interest Coverage: Insufficient data to determine if HOFI's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Hoist Finance current dividend yield, its reliability and sustainability?
4.15%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HOFI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HOFI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HOFI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HOFI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HOFI is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HOFI'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?
2.7yrs
Average management tenure
CEO
Klaus-Anders Nysteen (54 yo)
2.58yrs
Tenure
kr10,005,000
Compensation
Mr. Klaus-Anders Nysteen serves as Chairman at Bank Norwegian AS since May 29, 2020. He has been Chairman of the Board for Norwegian Finans Holding ASA since April 29, 2020. He serves as Director at Bank N ...
CEO Compensation Analysis
Compensation vs Market: Klaus-Anders's total compensation ($USD1.13M) is above average for companies of similar size in the Swedish market ($USD493.63K).
Compensation vs Earnings: Klaus-Anders's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & CEO | 2.58yrs | kr10.01m | 0.088% SEK 2.6m | |
| Chief Financial Officer | 2.42yrs | no data | 0.0036% SEK 105.3k | |
| Chief Investment Officer | 2.75yrs | no data | 0.011% SEK 329.5k | |
| Chief Information Officer | 8.75yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief General Counsel | 2.75yrs | no data | 0.092% SEK 2.7m | |
| Communication Manager | no data | no data | no data | |
| Chief Sales Officer | 0.75yr | no data | no data | |
| Chief People Officer | 2.67yrs | no data | 0.0078% SEK 230.6k | |
| Head of Hoist Finance Poland | no data | no data | no data | |
| Head of Hoist Finance Italy | no data | no data | no data | |
| Head of Group Analytics | no data | no data | no data |
2.7yrs
Average Tenure
54yo
Average Age
Experienced Management: HOFI's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5.75yrs | kr708.00k | 0.0053% SEK 154.7k | |
| Alternate Director | 20.75yrs | no data | no data | |
| Director of Hoist Kreditverwaltung AG | 18.75yrs | no data | no data | |
| Independent Director | 3.5yrs | kr673.00k | 0.0039% SEK 115.3k | |
| Independent Director | 1.42yrs | kr338.00k | 0.011% SEK 329.5k | |
| Independent Director | 3.5yrs | kr648.00k | 0.035% SEK 1.0m | |
| Independent Chair of the Board | 5.92yrs | kr1.63m | 0.025% SEK 744.5k | |
| Independent Director | 1.42yrs | kr306.00k | no data | |
| Independent Director | 0.42yr | no data | no data |
3.5yrs
Average Tenure
58yo
Average Age
Experienced Board: HOFI's board of directors are considered experienced (3.5 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Hoist Finance AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hoist Finance AB (publ)
- Ticker: HOFI
- Exchange: OM
- Founded: 1994
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: kr2.942b
- Shares outstanding: 89.30m
- Website: https://www.hoistfinance.com
Number of Employees
Location
- Hoist Finance AB (publ)
- Bryggargatan 4
- Stockholm
- Stockholm County
- 111 21
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HOFI | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Mar 2015 |
| 0R65 | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Mar 2015 |
| 4HF | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 2015 |
| HOFIS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Mar 2015 |
Biography
Hoist Finance AB (publ) provides solutions for the acquisition and management of non-performing loans (NPLs) in Europe. It purchases NPLs originated by international banks and other financial institutions. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/28 21:08 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.