HAVILA SHIPPING ASA (HAVI.OL) Fundamental Analysis & Valuation

OSL:HAVI • NO0010257728

Current stock price

1.195 NOK
0 (0%)
Last:

This HAVI.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HAVI.OL Profitability Analysis

1.1 Basic Checks

  • In the past year HAVI was profitable.
  • HAVI had a positive operating cash flow in the past year.
  • Of the past 5 years HAVI 4 years were profitable.
  • Each year in the past 5 years HAVI had a positive operating cash flow.
HAVI.OL Yearly Net Income VS EBIT VS OCF VS FCFHAVI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.67%, HAVI is doing worse than 74.29% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 2.98%, HAVI is doing worse than 71.43% of the companies in the same industry.
  • HAVI's Return On Invested Capital of 20.52% is amongst the best of the industry. HAVI outperforms 97.14% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HAVI is significantly above the industry average of 9.97%.
  • The 3 year average ROIC (48.43%) for HAVI is well above the current ROIC(20.52%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 0.67%
ROE 2.98%
ROIC 20.52%
ROA(3y)3.06%
ROA(5y)1.39%
ROE(3y)194.66%
ROE(5y)N/A
ROIC(3y)48.43%
ROIC(5y)N/A
HAVI.OL Yearly ROA, ROE, ROICHAVI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -1K -2K

1.3 Margins

  • With a Profit Margin value of 1.63%, HAVI is not doing good in the industry: 74.29% of the companies in the same industry are doing better.
  • HAVI's Profit Margin has declined in the last couple of years.
  • HAVI has a better Operating Margin (16.53%) than 62.86% of its industry peers.
  • HAVI's Operating Margin has improved in the last couple of years.
  • The Gross Margin of HAVI (89.23%) is better than 97.14% of its industry peers.
  • In the last couple of years the Gross Margin of HAVI has remained more or less at the same level.
Industry RankSector Rank
OM 16.53%
PM (TTM) 1.63%
GM 89.23%
OM growth 3Y11.52%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-61.12%
GM growth 3Y1.17%
GM growth 5Y0.96%
HAVI.OL Yearly Profit, Operating, Gross MarginsHAVI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 -200

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3

2. HAVI.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HAVI is creating value.
  • The number of shares outstanding for HAVI remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for HAVI has been increased compared to 5 years ago.
  • HAVI has a worse debt/assets ratio than last year.
HAVI.OL Yearly Shares OutstandingHAVI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
HAVI.OL Yearly Total Debt VS Total AssetsHAVI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • HAVI has an Altman-Z score of -0.40. This is a bad value and indicates that HAVI is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of HAVI (-0.40) is comparable to the rest of the industry.
  • HAVI has a debt to FCF ratio of 4.16. This is a neutral value as HAVI would need 4.16 years to pay back of all of its debts.
  • The Debt to FCF ratio of HAVI (4.16) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.02 indicates that HAVI is not too dependend on debt financing.
  • The Debt to Equity ratio of HAVI (0.02) is better than 82.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 4.16
Altman-Z -0.4
ROIC/WACC3.01
WACC6.81%
HAVI.OL Yearly LT Debt VS Equity VS FCFHAVI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B 4B

2.3 Liquidity

  • HAVI has a Current Ratio of 0.29. This is a bad value and indicates that HAVI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HAVI has a worse Current ratio (0.29) than 97.14% of its industry peers.
  • HAVI has a Quick Ratio of 0.29. This is a bad value and indicates that HAVI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.28, HAVI is doing worse than 97.14% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.29
Quick Ratio 0.28
HAVI.OL Yearly Current Assets VS Current LiabilitesHAVI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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2

3. HAVI.OL Growth Analysis

3.1 Past

  • The earnings per share for HAVI have decreased strongly by -91.14% in the last year.
  • HAVI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -76.52% yearly.
  • HAVI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.81%.
  • The Revenue has been decreasing by -1.46% on average over the past years.
EPS 1Y (TTM)-91.14%
EPS 3YN/A
EPS 5Y-76.52%
EPS Q2Q%-208.63%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y-2.17%
Revenue growth 5Y-1.46%
Sales Q2Q%-8.44%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • HAVI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.95% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.56%
Revenue Next 2Y2.95%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HAVI.OL Yearly Revenue VS EstimatesHAVI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
HAVI.OL Yearly EPS VS EstimatesHAVI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 0 -200 -400 -600

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3

4. HAVI.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • HAVI is valuated quite expensively with a Price/Earnings ratio of 29.88.
  • Based on the Price/Earnings ratio, HAVI is valued a bit more expensive than 60.00% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HAVI to the average of the S&P500 Index (26.77), we can say HAVI is valued inline with the index average.
Industry RankSector Rank
PE 29.88
Fwd PE N/A
HAVI.OL Price Earnings VS Forward Price EarningsHAVI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HAVI is valued cheaper than 94.29% of the companies in the same industry.
  • 100.00% of the companies in the same industry are more expensive than HAVI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 1.32
EV/EBITDA 3.84
HAVI.OL Per share dataHAVI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

4.3 Compensation for Growth

  • The decent profitability rating of HAVI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. HAVI.OL Dividend Analysis

5.1 Amount

  • No dividends for HAVI!.
Industry RankSector Rank
Dividend Yield 0%

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HAVI.OL Fundamentals: All Metrics, Ratios and Statistics

HAVILA SHIPPING ASA

OSL:HAVI (4/29/2026, 7:00:00 PM)

1.195

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-26
Earnings (Next)N/A
Inst Owners14.07%
Inst Owner ChangeN/A
Ins Owners2.52%
Ins Owner ChangeN/A
Market Cap328.83M
Revenue(TTM)616.59M
Net Income(TTM)10.03M
Analysts82.86
Price Target2.35 (96.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 29.88
Fwd PE N/A
P/S 0.53
P/FCF 1.32
P/OCF 1.32
P/B 0.98
P/tB 0.98
EV/EBITDA 3.84
EPS(TTM)0.04
EY3.35%
EPS(NY)0
Fwd EYN/A
FCF(TTM)0.9
FCFY75.67%
OCF(TTM)0.9
OCFY75.67%
SpS2.24
BVpS1.22
TBVpS1.22
PEG (NY)N/A
PEG (5Y)N/A
Graham Number1.04922 (-12.2%)
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 2.98%
ROCE 26.65%
ROIC 20.52%
ROICexc 47.73%
ROICexgc 47.73%
OM 16.53%
PM (TTM) 1.63%
GM 89.23%
FCFM 40.36%
ROA(3y)3.06%
ROA(5y)1.39%
ROE(3y)194.66%
ROE(5y)N/A
ROIC(3y)48.43%
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)62.9%
ROCE(5y)N/A
ROICexgc growth 3Y133.57%
ROICexgc growth 5YN/A
ROICexc growth 3Y133.57%
ROICexc growth 5YN/A
OM growth 3Y11.52%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-61.12%
GM growth 3Y1.17%
GM growth 5Y0.96%
F-Score6
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 4.16
Debt/EBITDA 0.02
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.87
Cash Conversion 83.31%
Profit Quality 2481.63%
Current Ratio 0.29
Quick Ratio 0.28
Altman-Z -0.4
F-Score6
WACC6.81%
ROIC/WACC3.01
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)1592.86%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-91.14%
EPS 3YN/A
EPS 5Y-76.52%
EPS Q2Q%-208.63%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.81%
Revenue growth 3Y-2.17%
Revenue growth 5Y-1.46%
Sales Q2Q%-8.44%
Revenue Next Year2.56%
Revenue Next 2Y2.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-8.87%
EBIT growth 3Y9.1%
EBIT growth 5YN/A
EBIT Next Year50%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y8.36%
FCF growth 3Y4.7%
FCF growth 5Y13.09%
OCF growth 1Y8.36%
OCF growth 3Y4.7%
OCF growth 5Y13.09%

HAVILA SHIPPING ASA / HAVI.OL Fundamental Analysis FAQ

What is the fundamental rating for HAVI stock?

ChartMill assigns a fundamental rating of 3 / 10 to HAVI.OL.


What is the valuation status of HAVILA SHIPPING ASA (HAVI.OL) stock?

ChartMill assigns a valuation rating of 3 / 10 to HAVILA SHIPPING ASA (HAVI.OL). This can be considered as Overvalued.


Can you provide the profitability details for HAVILA SHIPPING ASA?

HAVILA SHIPPING ASA (HAVI.OL) has a profitability rating of 6 / 10.


What is the valuation of HAVILA SHIPPING ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for HAVILA SHIPPING ASA (HAVI.OL) is 29.88 and the Price/Book (PB) ratio is 0.98.


What is the financial health of HAVILA SHIPPING ASA (HAVI.OL) stock?

The financial health rating of HAVILA SHIPPING ASA (HAVI.OL) is 3 / 10.