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

OSL:HAVI • NO0010257728

Current stock price

1.28 NOK
+0.05 (+4.07%)
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.
  • HAVI had positive earnings in 4 of the past 5 years.
  • In the past 5 years HAVI always reported a positive cash flow from operatings.
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

  • HAVI's Return On Assets of 0.67% is on the low side compared to the rest of the industry. HAVI is outperformed by 75.68% of its industry peers.
  • HAVI has a worse Return On Equity (2.98%) than 72.97% of its industry peers.
  • HAVI has a Return On Invested Capital of 20.52%. This is amongst the best in the industry. HAVI outperforms 94.59% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HAVI is significantly above the industry average of 10.49%.
  • The last Return On Invested Capital (20.52%) for HAVI is well below the 3 year average (48.43%), which needs to be investigated, but indicates that HAVI had better years and this may not be a problem.
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

  • The Profit Margin of HAVI (1.63%) is worse than 75.68% of its industry peers.
  • HAVI's Profit Margin has declined in the last couple of years.
  • HAVI has a Operating Margin of 16.53%. This is in the better half of the industry: HAVI outperforms 64.86% of its industry peers.
  • In the last couple of years the Operating Margin of HAVI has grown nicely.
  • HAVI's Gross Margin of 89.23% is amongst the best of the industry. HAVI outperforms 97.30% of its industry peers.
  • HAVI's Gross Margin has been stable in the last couple of years.
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

  • HAVI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for HAVI remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, HAVI has more shares outstanding
  • 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 -0.39. This is a bad value and indicates that HAVI is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -0.39, HAVI perfoms like the industry average, outperforming 45.95% of the companies in the same 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.
  • Looking at the Debt to FCF ratio, with a value of 4.16, HAVI is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
  • A Debt/Equity ratio of 0.02 indicates that HAVI is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.02, HAVI belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 4.16
Altman-Z -0.39
ROIC/WACC2.95
WACC6.96%
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

  • A Current Ratio of 0.29 indicates that HAVI may have some problems paying its short term obligations.
  • With a Current ratio value of 0.29, HAVI is not doing good in the industry: 97.30% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.28 indicates that HAVI may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.28, HAVI is not doing good in the industry: 97.30% of the companies in the same industry are doing better.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. HAVI.OL Growth Analysis

3.1 Past

  • HAVI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -91.14%.
  • The earnings per share for HAVI have been decreasing by -76.52% on average. This is quite bad
  • Looking at the last year, HAVI shows a quite strong growth in Revenue. The Revenue has grown by 11.81% in the last year.
  • 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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

  • With a Price/Earnings ratio of 32.00, HAVI can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, HAVI is valued a bit more expensive than 70.27% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.89, HAVI is valued a bit more expensive.
Industry RankSector Rank
PE 32
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 cheaply inside the industry as 86.49% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, HAVI is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 1.42
EV/EBITDA 3.92
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

  • HAVI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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HAVI.OL Fundamentals: All Metrics, Ratios and Statistics

HAVILA SHIPPING ASA

OSL:HAVI (3/27/2026, 7:00:00 PM)

1.28

+0.05 (+4.07%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-26
Earnings (Next)N/A
Inst Owners14.07%
Inst Owner ChangeN/A
Ins Owners2.52%
Ins Owner ChangeN/A
Market Cap352.22M
Revenue(TTM)616.59M
Net Income(TTM)10.03M
Analysts82.86
Price Target2.35 (83.59%)
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)-100%
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 32
Fwd PE N/A
P/S 0.57
P/FCF 1.42
P/OCF 1.42
P/B 1.05
P/tB 1.05
EV/EBITDA 3.92
EPS(TTM)0.04
EY3.13%
EPS(NY)0
Fwd EYN/A
FCF(TTM)0.9
FCFY70.65%
OCF(TTM)0.9
OCFY70.65%
SpS2.24
BVpS1.22
TBVpS1.22
PEG (NY)N/A
PEG (5Y)N/A
Graham Number1.05
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 -0.39
F-Score6
WACC6.96%
ROIC/WACC2.95
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.


What is the profitability of HAVI stock?

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


What are the PE and PB ratios of HAVILA SHIPPING ASA (HAVI.OL) stock?

The Price/Earnings (PE) ratio for HAVILA SHIPPING ASA (HAVI.OL) is 32 and the Price/Book (PB) ratio is 1.05.