HAVILA SHIPPING ASA (HAVI.OL) Stock Fundamental Analysis
OSL:HAVI - NO0010257728 - Common Stock
1.435 NOK
+0.01 (+0.35%)
Overall HAVI gets a fundamental rating of 4 out of 10. We evaluated HAVI against 37 industry peers in the Energy Equipment & Services industry. There are concerns on the financial health of HAVI while its profitability can be described as average. HAVI has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
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.
In the past 5 years HAVI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of HAVI (1.89%) is worse than 72.97% of its industry peers.
HAVI has a Return On Equity of 8.41%. This is in the lower half of the industry: HAVI underperforms 62.16% of its industry peers.
With a decent Return On Invested Capital value of 12.12%, HAVI is doing good in the industry, outperforming 70.27% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HAVI is significantly above the industry average of 11.44%.
The 3 year average ROIC (42.74%) for HAVI is well above the current ROIC(12.12%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.89% | ||
| ROE | 8.41% | ||
| ROIC | 12.12% |
ROA(3y)0.97%
ROA(5y)13.65%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)42.74%
ROIC(5y)N/A
1.3 Margins
HAVI has a worse Profit Margin (4.83%) than 62.16% of its industry peers.
HAVI's Profit Margin has declined in the last couple of years.
The Operating Margin of HAVI (23.35%) is better than 83.78% of its industry peers.
HAVI has a better Gross Margin (88.60%) than 100.00% of its industry peers.
HAVI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.35% | ||
| PM (TTM) | 4.83% | ||
| GM | 88.6% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-47.14%
PM growth 5YN/A
GM growth 3Y2.29%
GM growth 5Y0.48%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HAVI is creating value.
HAVI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for HAVI has been increased compared to 5 years ago.
Compared to 1 year ago, HAVI has an improved debt to assets ratio.
2.2 Solvency
HAVI has an Altman-Z score of -0.19. This is a bad value and indicates that HAVI is not financially healthy and even has some risk of bankruptcy.
HAVI's Altman-Z score of -0.19 is in line compared to the rest of the industry. HAVI outperforms 40.54% of its industry peers.
HAVI has a debt to FCF ratio of 4.64. This is a neutral value as HAVI would need 4.64 years to pay back of all of its debts.
HAVI has a Debt to FCF ratio of 4.64. This is comparable to the rest of the industry: HAVI outperforms 51.35% of its industry peers.
HAVI has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
HAVI has a worse Debt to Equity ratio (1.47) than 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 4.64 | ||
| Altman-Z | -0.19 |
ROIC/WACC1.77
WACC6.84%
2.3 Liquidity
A Current Ratio of 0.46 indicates that HAVI may have some problems paying its short term obligations.
HAVI has a worse Current ratio (0.46) than 89.19% of its industry peers.
A Quick Ratio of 0.46 indicates that HAVI may have some problems paying its short term obligations.
HAVI has a Quick ratio of 0.46. This is amonst the worse of the industry: HAVI underperforms 89.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
HAVI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 315.49%, which is quite impressive.
HAVI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -46.89% yearly.
The Revenue has decreased by -4.52% in the past year.
The Revenue has been decreasing by -4.88% on average over the past years.
EPS 1Y (TTM)315.49%
EPS 3Y-46.89%
EPS 5YN/A
EPS Q2Q%1900%
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y2.28%
Revenue growth 5Y-4.88%
Sales Q2Q%42.47%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
Based on estimates for the next years, HAVI will show a quite strong growth in Revenue. The Revenue will grow by 8.41% on average per year.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.21%
Revenue Next 2Y11.04%
Revenue Next 3Y8.41%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 2.99 indicates a rather cheap valuation of HAVI.
Based on the Price/Earnings ratio, HAVI is valued cheaper than 94.59% of the companies in the same industry.
HAVI is valuated cheaply when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | N/A |
4.2 Price Multiples
72.97% of the companies in the same industry are more expensive than HAVI, based on the Enterprise Value to EBITDA ratio.
97.30% of the companies in the same industry are more expensive than HAVI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.77 | ||
| EV/EBITDA | 4.23 |
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
5. Dividend
5.1 Amount
No dividends for HAVI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:HAVI (9/5/2025, 7:00:00 PM)
1.435
+0.01 (+0.35%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners15.98%
Inst Owner ChangeN/A
Ins Owners1.7%
Ins Owner ChangeN/A
Market Cap394.87M
Analysts82.86
Price Target2.35 (63.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | N/A | ||
| P/S | 0.66 | ||
| P/FCF | 1.77 | ||
| P/OCF | 1.77 | ||
| P/B | 1.14 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 4.23 |
EPS(TTM)0.48
EY33.45%
EPS(NY)0
Fwd EYN/A
FCF(TTM)0.81
FCFY56.34%
OCF(TTM)0.81
OCFY56.34%
SpS2.18
BVpS1.25
TBVpS1.25
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.89% | ||
| ROE | 8.41% | ||
| ROCE | 15.73% | ||
| ROIC | 12.12% | ||
| ROICexc | 14.99% | ||
| ROICexgc | 14.99% | ||
| OM | 23.35% | ||
| PM (TTM) | 4.83% | ||
| GM | 88.6% | ||
| FCFM | 37.01% |
ROA(3y)0.97%
ROA(5y)13.65%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)42.74%
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)55.5%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-47.14%
PM growth 5YN/A
GM growth 3Y2.29%
GM growth 5Y0.48%
F-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 4.64 | ||
| Debt/EBITDA | 1.7 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.16 | ||
| Cash Conversion | 74.88% | ||
| Profit Quality | 765.94% | ||
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | -0.19 |
F-Score6
WACC6.84%
ROIC/WACC1.77
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)315.49%
EPS 3Y-46.89%
EPS 5YN/A
EPS Q2Q%1900%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y2.28%
Revenue growth 5Y-4.88%
Sales Q2Q%42.47%
Revenue Next Year20.21%
Revenue Next 2Y11.04%
Revenue Next 3Y8.41%
Revenue Next 5YN/A
EBIT growth 1Y-1.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29.86%
EBIT Next 3Y11.47%
EBIT Next 5YN/A
FCF growth 1Y26.53%
FCF growth 3Y22%
FCF growth 5Y19.3%
OCF growth 1Y26.53%
OCF growth 3Y22%
OCF growth 5Y19.3%