HAVILA SHIPPING ASA (HAVI.OL) Stock Fundamental Analysis
OSL:HAVI - Euronext Oslo - NO0010257728 - Common Stock - Currency: NOK
HAVI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 35 industry peers in the Energy Equipment & Services industry. While HAVI is still in line with the averages on profitability rating, there are concerns on its financial health. 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
HAVI had positive earnings in the past year.
In the past year HAVI had a positive cash flow from operations.
HAVI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years HAVI had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.69%, HAVI is not doing good in the industry: 82.86% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 3.17%, HAVI is doing worse than 80.00% of the companies in the same industry.
HAVI has a Return On Invested Capital of 9.85%. This is in the better half of the industry: HAVI outperforms 65.71% 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 10.09%.
The 3 year average ROIC (42.74%) for HAVI is well above the current ROIC(9.85%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 3.17% | ||
| ROIC | 9.85% |
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
With a Profit Margin value of 1.88%, HAVI is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
HAVI's Profit Margin has declined in the last couple of years.
The Operating Margin of HAVI (20.28%) is better than 80.00% of its industry peers.
With an excellent Gross Margin value of 87.98%, HAVI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of HAVI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.28% | ||
| PM (TTM) | 1.88% | ||
| GM | 87.98% |
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.
HAVI has more shares outstanding than it did 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 -0.34. This is a bad value and indicates that HAVI is not financially healthy and even has some risk of bankruptcy.
HAVI has a Altman-Z score (-0.34) which is in line with its industry peers.
HAVI has a debt to FCF ratio of 4.51. This is a neutral value as HAVI would need 4.51 years to pay back of all of its debts.
HAVI's Debt to FCF ratio of 4.51 is in line compared to the rest of the industry. HAVI outperforms 54.29% of its industry peers.
A Debt/Equity ratio of 1.55 is on the high side and indicates that HAVI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.55, HAVI is not doing good in the industry: 77.14% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 4.51 | ||
| Altman-Z | -0.34 |
ROIC/WACC1.48
WACC6.64%
2.3 Liquidity
HAVI has a Current Ratio of 0.44. This is a bad value and indicates that HAVI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.44, HAVI is not doing good in the industry: 91.43% of the companies in the same industry are doing better.
A Quick Ratio of 0.44 indicates that HAVI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.44, HAVI is doing worse than 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.44 |
3. Growth
3.1 Past
HAVI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -90.97%.
HAVI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -46.89% yearly.
Looking at the last year, HAVI shows a very negative growth in Revenue. The Revenue has decreased by -17.11% in the last year.
The Revenue has been decreasing by -4.88% on average over the past years.
EPS 1Y (TTM)-90.97%
EPS 3Y-46.89%
EPS 5YN/A
EPS Q2Q%108.69%
Revenue 1Y (TTM)-17.11%
Revenue growth 3Y2.28%
Revenue growth 5Y-4.88%
Sales Q2Q%-0.03%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 2.99 indicates a rather cheap valuation of HAVI.
97.14% of the companies in the same industry are more expensive than HAVI, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.75. HAVI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | N/A |
4.2 Price Multiples
HAVI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAVI is cheaper than 62.86% 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.54 | ||
| EV/EBITDA | 4.81 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
HAVI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:HAVI (4/30/2025, 7:00:00 PM)
1.285
+0.06 (+4.9%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners15.98%
Inst Owner ChangeN/A
Ins Owners2.18%
Ins Owner ChangeN/A
Market Cap353.59M
Analysts82.86
Price Target2.35 (82.88%)
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)N/A
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 | 0.64 | ||
| P/FCF | 1.54 | ||
| P/OCF | 1.54 | ||
| P/B | 1.08 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 4.81 |
EPS(TTM)0.43
EY33.46%
EPS(NY)0
Fwd EYN/A
FCF(TTM)0.83
FCFY64.95%
OCF(TTM)0.83
OCFY64.95%
SpS2
BVpS1.19
TBVpS1.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 3.17% | ||
| ROCE | 12.8% | ||
| ROIC | 9.85% | ||
| ROICexc | 11.86% | ||
| ROICexgc | 11.86% | ||
| OM | 20.28% | ||
| PM (TTM) | 1.88% | ||
| GM | 87.98% | ||
| FCFM | 41.64% |
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-Score5
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 4.51 | ||
| Debt/EBITDA | 1.96 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.89 | ||
| Cash Conversion | 88.98% | ||
| Profit Quality | 2212.17% | ||
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.44 | ||
| Altman-Z | -0.34 |
F-Score5
WACC6.64%
ROIC/WACC1.48
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)-90.97%
EPS 3Y-46.89%
EPS 5YN/A
EPS Q2Q%108.69%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-17.11%
Revenue growth 3Y2.28%
Revenue growth 5Y-4.88%
Sales Q2Q%-0.03%
Revenue Next Year20.21%
Revenue Next 2Y11.04%
Revenue Next 3Y8.41%
Revenue Next 5YN/A
EBIT growth 1Y-19.57%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29.86%
EBIT Next 3Y11.47%
EBIT Next 5YN/A
FCF growth 1Y139.78%
FCF growth 3Y22%
FCF growth 5Y19.3%
OCF growth 1Y139.78%
OCF growth 3Y22%
OCF growth 5Y19.3%