HAVILA SHIPPING ASA (HAVI.OL) Stock Fundamental Analysis
OSL:HAVI - Euronext Oslo - NO0010257728 - Common Stock - Currency: NOK
We assign a fundamental rating of 3 out of 10 to HAVI. HAVI was compared to 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.
HAVI had a positive operating cash flow in the past year.
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 77.14% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.85%, HAVI is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HAVI is significantly above the industry average of 10.50%.
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
HAVI's Profit Margin of 1.88% is on the low side compared to the rest of the industry. HAVI is outperformed by 80.00% of its industry peers.
HAVI's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 20.28%, HAVI belongs to the top of the industry, outperforming 82.86% of the companies in the same industry.
HAVI's Gross Margin of 87.98% is amongst the best of the industry. HAVI outperforms 100.00% 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 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
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 has been increased compared to 1 year ago.
HAVI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for HAVI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.32, we must say that HAVI is in the distress zone and has some risk of bankruptcy.
HAVI has a Altman-Z score (-0.32) which is comparable to the rest of the industry.
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.
With a Debt to FCF ratio value of 4.51, HAVI perfoms like the industry average, outperforming 54.29% of the companies in the same industry.
HAVI has a Debt/Equity ratio of 1.55. This is a high value indicating a heavy dependency on external financing.
HAVI's Debt to Equity ratio of 1.55 is on the low side compared to the rest of the industry. HAVI is outperformed by 77.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 4.51 | ||
| Altman-Z | -0.32 |
ROIC/WACC1.43
WACC6.87%
2.3 Liquidity
A Current Ratio of 0.44 indicates that HAVI may have some problems paying its short term obligations.
HAVI's Current ratio of 0.44 is on the low side compared to the rest of the industry. HAVI is outperformed by 91.43% of its industry peers.
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 -91.34%.
The earnings per share for HAVI have been decreasing by -46.89% on average. This is quite bad
HAVI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.11%.
The Revenue has been decreasing by -4.88% on average over the past years.
EPS 1Y (TTM)-91.34%
EPS 3Y-46.89%
EPS 5YN/A
EPS Q2Q%107.25%
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.
The Revenue is expected to grow by 8.41% on average over the next years. This is quite good.
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
Based on the Price/Earnings ratio of 3.54, the valuation of HAVI can be described as very cheap.
94.29% of the companies in the same industry are more expensive than HAVI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.25, HAVI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.54 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAVI indicates a somewhat cheap valuation: HAVI is cheaper than 62.86% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, HAVI is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.74 | ||
| EV/EBITDA | 4.94 |
4.3 Compensation for Growth
HAVI has a very decent profitability rating, which 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 (5/30/2025, 7:00:00 PM)
1.45
0 (0%)
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 Cap399.00M
Analysts82.86
Price Target2.35 (62.07%)
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 | 3.54 | ||
| Fwd PE | N/A | ||
| P/S | 0.72 | ||
| P/FCF | 1.74 | ||
| P/OCF | 1.74 | ||
| P/B | 1.22 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 4.94 |
EPS(TTM)0.41
EY28.28%
EPS(NY)0
Fwd EYN/A
FCF(TTM)0.83
FCFY57.55%
OCF(TTM)0.83
OCFY57.55%
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 | 2212.35% | ||
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.44 | ||
| Altman-Z | -0.32 |
F-Score5
WACC6.87%
ROIC/WACC1.43
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)-91.34%
EPS 3Y-46.89%
EPS 5YN/A
EPS Q2Q%107.25%
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%