OM:HOFI

Stock Analysis Report

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Executive Summary

Hoist Finance AB (publ) provides solutions for the acquisition and management of non-performing loans (NPLs) in Europe. More Details


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

HOFIIndustryMarket
7 Day-9.3%-2.7%-6.0%
30 Day-0.06%-2.5%-6.3%
90 Day12.1%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

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

NamePositionTenureCompensationOwnership
Klaus-Anders Nysteen
MD & CEO2.58yrskr10.01m0.088%
SEK 2.6m
Christer Johansson
Chief Financial Officer2.42yrsno data0.0036%
SEK 105.3k
Stephan Ohlmeyer
Chief Investment Officer2.75yrsno data0.011%
SEK 329.5k
Anders Wallin
Chief Information Officer8.75yrsno datano data
Andreas Lindblom
Head of Investor Relationsno datano datano data
Anders Carlsson
Chief General Counsel2.75yrsno data0.092%
SEK 2.7m
Julia Agha
Communication Managerno datano datano data
Emanuele Reale
Chief Sales Officer0.75yrno datano data
Ulf Eggefors
Chief People Officer2.67yrsno data0.0078%
SEK 230.6k
Tomasz Lebek
Head of Hoist Finance Polandno datano datano data
Clemente Reale
Head of Hoist Finance Italyno datano datano data
Peter Wallin
Head of Group Analyticsno datano datano data

2.7yrs

Average Tenure

54yo

Average Age

Experienced Management: HOFI's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Liselotte Hjorth
Independent Director5.75yrskr708.00k0.0053%
SEK 154.7k
Christoffer Saidac
Alternate Director20.75yrsno datano data
Jim Clemence
Director of Hoist Kreditverwaltung AG18.75yrsno datano data
Cecilia Wennborg
Independent Director3.5yrskr673.00k0.0039%
SEK 115.3k
Lars Wollung
Independent Director1.42yrskr338.00k0.011%
SEK 329.5k
Malin Eriksson
Independent Director3.5yrskr648.00k0.035%
SEK 1.0m
Ingrid Bonde
Independent Chair of the Board5.92yrskr1.63m0.025%
SEK 744.5k
Robert Kraal
Independent Director1.42yrskr306.00kno data
Henrik Kall
Independent Director0.42yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOFIOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKMar 2015
0R65LSE (London Stock Exchange)YesCommon SharesGBSEKMar 2015
4HFDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2015
HOFISBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 21:08
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
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.