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Höegh LNG Holdings

OTCPK:HOLH.F
Snowflake Description

Very undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOLH.F
OTCPK
NOK2B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Höegh LNG Holdings Ltd., together with its subsidiaries, provides floating energy solutions worldwide. The last earnings update was 21 days ago. More info.


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HOLH.F Share Price and Events
7 Day Returns
0%
OTCPK:HOLH.F
-0.3%
US Oil and Gas
0.1%
US Market
1 Year Returns
-20.5%
OTCPK:HOLH.F
-18.2%
US Oil and Gas
1.2%
US Market
HOLH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Höegh LNG Holdings (HOLH.F) 0% 0% 0.3% -20.5% - -63.1%
US Oil and Gas -0.3% -4.5% -8.2% -18.2% -7.6% -40.3%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • HOLH.F underperformed the Oil and Gas industry which returned -18.2% over the past year.
  • HOLH.F underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
HOLH.F
Industry
5yr Volatility vs Market

HOLH.F Value

 Is Höegh LNG Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Höegh LNG Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Höegh LNG Holdings.

OTCPK:HOLH.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:HOLH.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 21%) (596.37%))
3.816
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:HOLH.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Höegh LNG Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:HOLH.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 -69.60 Analyst x4 -60.71
2020 116.22 Analyst x4 88.42
2021 128.84 Analyst x4 85.50
2022 139.20 Est @ 8.04% 80.56
2023 148.17 Est @ 6.44% 74.80
2024 156.07 Est @ 5.33% 68.72
2025 163.17 Est @ 4.55% 62.66
2026 169.70 Est @ 4% 56.84
2027 175.85 Est @ 3.62% 51.38
2028 181.74 Est @ 3.35% 46.31
Present value of next 10 years cash flows $554.48
OTCPK:HOLH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $181.74 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$1,566.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,566.32 ÷ (1 + 14.65%)10
$399.15
OTCPK:HOLH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $554.48 + $399.15
$953.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $953.63 / 76.18
$95.22
OTCPK:HOLH.F Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:HLNG)
8.735
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $12.52 x 8.735
NOK109.35
Non-primary Listing Adjustment Factor 1 share in OTCPK:HOLH.F represents 0.13147x of OB:HLNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13147x
Value per Share
(Listing Adjusted, USD)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 109.35 x 0.13147
$14.38
Value per share (USD) From above. $14.38
Current discount Discount to share price of $4.21
= -1 x ($4.21 - $14.38) / $14.38
70.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Höegh LNG Holdings is available for.
Intrinsic value
>50%
Share price is $4.21 vs Future cash flow value of $14.38
Current Discount Checks
For Höegh LNG Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Höegh LNG Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Höegh LNG Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Höegh LNG Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Höegh LNG Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HOLH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.33
OB:HLNG Share Price ** OB (2019-04-02) in NOK NOK32.05
OB:HLNG Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.114 $3.67
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Höegh LNG Holdings.

OTCPK:HOLH.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:HLNG Share Price ÷ EPS (both in USD)

= 3.67 ÷ 0.33

11.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Höegh LNG Holdings is good value based on earnings compared to the US Oil and Gas industry average.
  • Höegh LNG Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Höegh LNG Holdings's expected growth come at a high price?
Raw Data
OTCPK:HOLH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
75.4%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.37x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

OTCPK:HOLH.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.06x ÷ 75.4%

0.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Höegh LNG Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Höegh LNG Holdings's assets?
Raw Data
OTCPK:HOLH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.22
OB:HLNG Share Price * OB (2019-04-02) in NOK NOK32.05
OB:HLNG Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.114 $3.67
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
OTCPK:HOLH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:HLNG Share Price ÷ Book Value per Share (both in USD)

= 3.67 ÷ 6.22

0.59x

* Primary Listing of Höegh LNG Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Höegh LNG Holdings is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Höegh LNG Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Höegh LNG Holdings has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HOLH.F Future Performance

 How is Höegh LNG Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
75.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Höegh LNG Holdings expected to grow at an attractive rate?
  • Höegh LNG Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Höegh LNG Holdings's earnings growth is expected to exceed the United States of America market average.
  • Höegh LNG Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HOLH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HOLH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 75.4%
OTCPK:HOLH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.9%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:HOLH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HOLH.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 381 140 32 5
2020-12-31 359 127 10 5
2019-12-31 332 160 -19 5
OTCPK:HOLH.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 365 188 25
2018-12-31 353 170 32
2018-09-30 306 151 4
2018-06-30 288 142 10
2018-03-31 283 134 15
2017-12-31 279 129 18
2017-09-30 266 119 7
2017-06-30 260 103 6
2017-03-31 246 88 3
2016-12-31 233 75 1
2016-09-30 229 69 -33
2016-06-30 230 69 -33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Höegh LNG Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Höegh LNG Holdings's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:HOLH.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Höegh LNG Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HOLH.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.41 0.54 0.30 4.00
2020-12-31 0.19 0.32 0.06 2.00
2019-12-31 -0.27 -0.20 -0.35 5.00
OTCPK:HOLH.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.33
2018-12-31 0.43
2018-09-30 0.05
2018-06-30 0.13
2018-03-31 0.20
2017-12-31 0.24
2017-09-30 0.10
2017-06-30 0.09
2017-03-31 0.04
2016-12-31 0.02
2016-09-30 -0.42
2016-06-30 -0.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Höegh LNG Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Höegh LNG Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Höegh LNG Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HOLH.F Past Performance

  How has Höegh LNG Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Höegh LNG Holdings's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Höegh LNG Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Höegh LNG Holdings's 1-year earnings growth exceeds its 5-year average (66.2% vs 59.8%)
  • Höegh LNG Holdings's earnings growth has exceeded the US Oil and Gas industry average in the past year (66.2% vs 29.5%).
Earnings and Revenue History
Höegh LNG Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Höegh LNG Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HOLH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 364.66 24.94 29.59
2018-12-31 352.66 32.36 28.36
2018-09-30 306.37 4.00 26.84
2018-06-30 288.17 9.53 25.54
2018-03-31 282.98 15.01 24.71
2017-12-31 279.35 18.48 24.92
2017-09-30 265.57 7.11 25.28
2017-06-30 259.58 6.07 27.34
2017-03-31 246.13 3.31 28.33
2016-12-31 232.91 1.30 28.94
2016-09-30 229.31 -32.98 32.05
2016-06-30 229.57 -33.00 33.48
2016-03-31 227.40 -29.75 35.20
2015-12-31 219.37 -37.74 36.32
2015-09-30 201.45 -65.48 35.20
2015-06-30 179.73 -84.85 35.96
2015-03-31 157.65 -99.96 33.71
2014-12-31 161.53 -100.24 34.45
2014-09-30 166.12 -38.72 28.45
2014-06-30 166.42 -22.32 29.09
2014-03-31 180.02 -17.37 30.87
2013-12-31 150.66 -20.80 29.74
2013-09-30 142.98 -3.26 28.41
2013-06-30 144.33 0.45 29.82
2013-03-31 130.34 7.17 31.82
2012-12-31 136.55 11.24 32.46
2012-09-30 128.86 -11.03 41.56
2012-06-30 118.01 -13.95 36.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Höegh LNG Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Höegh LNG Holdings used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Höegh LNG Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Höegh LNG Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Höegh LNG Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HOLH.F Health

 How is Höegh LNG Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Höegh LNG Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Höegh LNG Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Höegh LNG Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Höegh LNG Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Höegh LNG Holdings Company Filings, last reported 2 months ago.

OTCPK:HOLH.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 754.73 1,666.95 163.02
2018-12-31 787.00 1,445.69 165.73
2018-09-30 778.58 1,296.57 199.94
2018-06-30 760.10 1,316.98 193.92
2018-03-31 743.53 1,148.74 229.94
2017-12-31 705.24 1,160.85 228.35
2017-09-30 575.62 1,295.93 272.89
2017-06-30 581.52 1,305.48 288.70
2017-03-31 593.35 1,127.49 353.12
2016-12-31 596.06 992.83 322.10
2016-09-30 442.13 1,040.86 259.55
2016-06-30 434.48 1,067.65 282.16
2016-03-31 456.46 1,072.32 332.05
2015-12-31 491.57 854.75 328.72
2015-09-30 510.05 814.87 354.52
2015-06-30 451.13 835.92 275.41
2015-03-31 431.64 704.15 181.26
2014-12-31 452.91 736.48 183.62
2014-09-30 540.12 548.64 284.15
2014-06-30 347.21 589.17 138.22
2014-03-31 374.48 233.89 76.86
2013-12-31 389.11 178.09 60.95
2013-09-30 380.92 660.37 104.08
2013-06-30 380.53 662.49 124.41
2013-03-31 348.66 693.17 176.21
2012-12-31 343.85 689.45 244.76
2012-09-30 327.90 567.02 132.89
2012-06-30 326.43 551.60 222.62
  • Höegh LNG Holdings's level of debt (192.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (63.5% vs 192.1% today).
  • Debt is not well covered by operating cash flow (12.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Höegh LNG Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Höegh LNG Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HOLH.F Dividends

 What is Höegh LNG Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.73%
Current annual income from Höegh LNG Holdings dividends. Estimated to be 3% next year.
If you bought $2,000 of Höegh LNG Holdings shares you are expected to receive $55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Höegh LNG Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Höegh LNG Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:HOLH.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:HOLH.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.10 5.00
2020-12-31 0.12 5.00
2019-12-31 0.11 5.00
OTCPK:HOLH.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.100 2.614
2019-02-27 0.100 2.257
2018-11-29 0.100 2.156
2018-08-23 0.100 2.002
2018-03-07 0.100 1.727
2018-02-28 0.100 1.432
2017-11-16 0.500 6.513
2017-08-24 0.500 5.482
2017-05-24 0.500 4.840
2017-04-28 0.500 4.859
2017-02-28 0.500 4.863
2016-11-17 0.400 3.631
2016-05-27 0.400 3.822
2016-04-28 0.400 3.577
2016-02-29 0.400 3.703
2015-11-30 0.400 3.839
2015-08-27 0.400 2.992
2015-05-21 0.400 2.664
2015-04-24 0.400 2.995
2015-02-26 0.400 3.419

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Höegh LNG Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Höegh LNG Holdings has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Höegh LNG Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Höegh LNG Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Höegh LNG Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Höegh LNG Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HOLH.F Management

 What is the CEO of Höegh LNG Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sveinung J. Støhle
COMPENSATION $740,000
AGE 60
CEO Bio

Mr. Sveinung J. S. Støhle has been Chief Executive Officer of Höegh LNG AS since August 2014 and serves as its President. Mr. Støhle has been the Chief Executive Officer and President at Höegh LNG Holdings Ltd since 2005. Mr. Støhle served as the President of Total LNG USA in Houston being in charge of in charge of all LNG activities in the US market. He has more than 25 years experience from the energy industry, of which 15 related to LNG from both shipping and oil and gas companies and as Commercial Director in charge of Marketing and Shipping with Nigeria LNG in Lagos. Mr. Støhle served as Executive Vice President and Chief Operating Officer of Golar LNG Ltd. He served as General Manager of Commercial of Nigeria LNG Ltd. He served in various positions with Elf Aquitaine. He has been the Chairman of Höegh LNG Partners LP since April 2014.

CEO Compensation
  • Insufficient data for Sveinung J. to compare compensation growth.
  • Insufficient data for Sveinung J. to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Höegh LNG Holdings management team in years:

5.5
Average Tenure
54.5
Average Age
  • The average tenure for the Höegh LNG Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sveinung J. Støhle

TITLE
CEO & President
COMPENSATION
$740K
AGE
60

Richard Tyrrell

TITLE
Chief Development Officer
AGE
45
TENURE
0.8 yrs

Håvard Furu

TITLE
Chief Financial Officer

Vegard Hellekleiv

TITLE
Chief Operations Officer
COMPENSATION
$211K
AGE
49

Øivin Iversen

TITLE
Chief Technical Officer
TENURE
12.4 yrs

Stephan Tschudi-Madsen

TITLE
Chief Administrative Officer
COMPENSATION
$286K
AGE
61

Erik Folkeson

TITLE
Vice President of Investor Relations & Strategy

Camilla Nyhus-Møller

TITLE
Chief Legal & Compliance Officer
AGE
42
TENURE
6.5 yrs

Tom Solberg

TITLE
Chief of Staff
TENURE
4.4 yrs

Ragnar Wisløff

TITLE
Head of Change & Transformation
COMPENSATION
$219K
AGE
61
Board of Directors

Morten Høegh

TITLE
Chairman of the Board
COMPENSATION
$55K
AGE
45
TENURE
13.4 yrs

Leif Høegh

TITLE
Deputy Chairman
COMPENSATION
$50K
AGE
55

Andrew Jamieson

TITLE
Director
COMPENSATION
$50K
AGE
71

Ditlev Wedell-Wedellsborg

TITLE
Director
COMPENSATION
$50K
AGE
57

Chris Finlayson

TITLE
Director
COMPENSATION
$50K
AGE
62

Jørgen Kildahl

TITLE
Director
COMPENSATION
$50K
AGE
55

Steven Davies

TITLE
Director
AGE
44

Michael Jones

TITLE
Director of LHC
AGE
69
TENURE
16.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Jun 19 Sell Brompton Cross VIII Limited Company 06. Jun 19 06. Jun 19 -28,500 $3.84 $-109,324
06. Jun 19 Buy Leif Höegh & Co AS Company 06. Jun 19 06. Jun 19 28,500 $3.84 $109,324
29. Jan 19 Sell Aequitas Investments Ltd Company 29. Jan 19 29. Jan 19 -930,000 $4.42 $-4,114,415
29. Jan 19 Buy Leif Höegh & Co AS Company 29. Jan 19 29. Jan 19 930,000 $4.42 $4,114,415
04. Jan 19 Sell Oeivin Iversen Individual 04. Jan 19 04. Jan 19 -6,100 $4.68 $-28,551
04. Jan 19 Sell Ragnar Wisløff Individual 04. Jan 19 04. Jan 19 -12,218 $4.68 $-57,187
04. Jan 19 Sell Steffen Føreid Individual 04. Jan 19 04. Jan 19 -7,500 $4.68 $-35,104
30. Nov 18 Buy Sveinung J. Støhle Individual 30. Nov 18 30. Nov 18 3,000 $5.14 $15,434
X
Management checks
We assess Höegh LNG Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Höegh LNG Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HOLH.F News

Simply Wall St News

HOLH.F Company Info

Description

Höegh LNG Holdings Ltd., together with its subsidiaries, provides floating energy solutions worldwide. The company operates through HMLP, Operations, and Business Development and Project Execution segments. It owns and operates floating LNG import terminals, floating storage and regasification units (FSRUs), and LNG carriers (LNGCs). The company also acquires FSRUs, LNGCs, and other LNG infrastructure assets under long-term charters. As of December 31, 2018, it operated a fleet of two LNG transportation vessels, nine floating storage and regasification units, and one FSRU under construction. The company is also involved in the commercial management and bareboat hiring; and business development and project execution activities. In addition, it owns ships. The company is based in Hamilton, Bermuda.

Details
Name: Höegh LNG Holdings Ltd.
HOLH.F
Exchange: OTCPK
Founded:
NOK279,517,172
76,179,985
Website: http://www.hoeghlng.com
Address: Höegh LNG Holdings Ltd.
Canon’s Court,
22 Victoria Street,
Hamilton,
HM 12,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB HLNG Common Shares Oslo Bors NO NOK 05. Jul 2011
OTCPK HOLH.F Common Shares Pink Sheets LLC US USD 05. Jul 2011
DB 5HG Common Shares Deutsche Boerse AG DE EUR 05. Jul 2011
LSE 0Q2T Common Shares London Stock Exchange GB NOK 05. Jul 2011
BATS-CHIXE HLNGO Common Shares BATS 'Chi-X Europe' GB NOK 05. Jul 2011
Number of employees
Current staff
Staff numbers
700
Höegh LNG Holdings employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 00:31
End of day share price update: 2019/04/02 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.