Hoist Finance
Market Cap
kr4.6b
Last Updated
2020/02/25 22:49 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.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with moderate 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
-10.5%
HOFI
-1.2%
SE Consumer Finance
-4.1%
SE Market
1 Year Return
24.3%
HOFI
-15.9%
SE Consumer Finance
17.2%
SE Market
Return vs Industry: HOFI exceeded the Swedish Consumer Finance industry which returned -13.2% over the past year.
Return vs Market: HOFI exceeded the Swedish Market which returned 21.9% over the past year.
Shareholder returns
| HOFI | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.5% | -1.2% | -4.1% |
| 30 Day | 2.9% | 0.1% | -0.5% |
| 90 Day | 8.1% | 8.0% | 5.2% |
| 1 Year | 24.3%24.3% | -12.4%-15.9% | 21.9%17.2% |
| 3 Year | -32.2%-34.9% | -25.5%-40.3% | 34.6%14.2% |
| 5 Year | n/a | -13.0%-37.6% | 41.1%11.1% |
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
1 week ago | Simply Wall St
Hoist Finance AB (publ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year2 weeks ago | Simply Wall St
Is It Time To Consider Buying Hoist Finance AB (publ) (STO:HOFI)?1 month ago | Simply Wall St
Could The Hoist Finance AB (publ) (STO:HOFI) Ownership Structure Tell Us Something Useful?Valuation
Is Hoist Finance undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HOFI (SEK54.7) is trading below our estimate of fair value (SEK128.08)
Significantly Below Fair Value: HOFI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HOFI is good value based on its PE Ratio (9x) compared to the Consumer Finance industry average (11.3x).
PE vs Market: HOFI is good value based on its PE Ratio (9x) compared to the Swedish market (20x).
Price to Earnings Growth Ratio
PEG Ratio: HOFI is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: HOFI is good value based on its PB Ratio (1x) compared to the XE Consumer Finance industry average (1.3x).
Next Steps
Future Growth
How is Hoist Finance forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
9.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HOFI's forecast earnings growth (9.2% per year) is above the savings rate (-0.4%).
Earnings vs Market: HOFI's earnings (9.2% per year) are forecast to grow faster than the Swedish market (8.1% per year).
High Growth Earnings: HOFI's earnings are forecast to grow, but not significantly.
Revenue vs Market: HOFI's revenue (5.3% per year) is forecast to grow faster than the Swedish market (4.7% per year).
High Growth Revenue: HOFI's revenue (5.3% 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 (13.9%).
Next Steps
Past Performance
How has Hoist Finance performed over the past 5 years?
25.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOFI has high quality earnings.
Growing Profit Margin: HOFI's current net profit margins (20.9%) are higher than last year (19%).
Past Earnings Growth Analysis
Earnings Trend: HOFI's earnings have grown significantly by 25.2% per year over the past 5 years.
Accelerating Growth: HOFI's earnings growth over the past year (12.9%) is below its 5-year average (25.2% per year).
Earnings vs Industry: HOFI earnings growth over the past year (12.9%) underperformed the Consumer Finance industry 18.3%.
Return on Equity
High ROE: HOFI's Return on Equity (12.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Hoist Finance's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HOFI has a low level of unsold assets or inventory.
Debt Coverage by Assets: HOFI's debt is covered by short term assets (assets are 4.1x debt).
Financial Institutions Analysis
Asset Level: HOFI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HOFI has a sufficient allowance for bad loans.
Low Risk Liabilities: HOFI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HOFI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HOFI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HOFI has an appropriate level of bad loans.
Next Steps
Dividend
What is Hoist Finance's current dividend yield, its reliability and sustainability?
3.44%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HOFI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HOFI's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
2.0yrs
Average management tenure
CEO
Klaus-Anders Nysteen (53yo)
1.9yrs
Tenure
kr10,503,241
Compensation
Mr. Klaus-Anders Nysteen serves as Chief Executive Officer of Hoist Finance AB (publ) since March 15, 2018. He serves as the Chief Executive Officer and Executive Director at Lock AS. Mr. Nysteen has been ...
CEO Compensation Analysis
Compensation vs Market: Klaus-Anders's total compensation ($USD1.08M) is above average for companies of similar size in the Swedish market ($USD548.30K).
Compensation vs Earnings: Insufficient data to compare Klaus-Anders's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & CEO | 1.9yrs | kr10.50m | 0.088% SEK4.1m | |
| Chief Financial Officer | 1.8yrs | no data | 0.0036% SEK165.3k | |
| Chief Operating Officer | 0yrs | no data | no data | |
| Chief Investment Officer | 2.1yrs | no data | 0.011% SEK517.1k | |
| Chief Information Officer | 8.1yrs | no data | no data | |
| Head of Investor Relations | 0yrs | no data | no data | |
| Chief General Counsel | 2.1yrs | no data | 0.092% SEK4.2m | |
| Communication Manager | 0yrs | no data | no data | |
| Chief People Officer | 2yrs | no data | 0.011% SEK517.1k | |
| Head of Hoist Finance Poland | 0yrs | no data | no data |
2.0yrs
Average Tenure
53yo
Average Age
Experienced Management: HOFI's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5.1yrs | no data | 0.0053% SEK242.9k | |
| Alternate Director | 20.1yrs | no data | no data | |
| Director of Hoist Kreditverwaltung AG | 18.1yrs | no data | no data | |
| Independent Director | 2.8yrs | no data | 0.0039% SEK181.0k | |
| Independent Director | 1.8yrs | no data | no data | |
| Director | 0.8yrs | no data | no data | |
| Independent Director | 2.8yrs | no data | no data | |
| Independent Director | 2.8yrs | no data | 0.035% SEK1.6m | |
| Chair of the Board | 5.3yrs | no data | 0.025% SEK1.2m | |
| Director | 0.8yrs | no data | no data |
2.8yrs
Average Tenure
58.5yo
Average Age
Experienced Board: HOFI's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 16.9%.
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: kr4.617b
- 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. The company also provides current account and fixed-term deposits. It operates as a debt restructuring partner to international banks and financial institutions. The company was formerly known as Hoist International AB (publ) and changed its name to Hoist Finance AB (publ) in January 2015. Hoist Finance AB (publ) was founded in 1994 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 22:49 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/12/31 |
| 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.