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. 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
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.
HAVI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HAVI has a worse Return On Assets (0.69%) than 82.86% of its industry peers.
HAVI has a Return On Equity of 3.17%. This is amonst the worse of the industry: HAVI underperforms 80.00% of its industry peers.
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.
The Average Return On Invested Capital over the past 3 years for HAVI is significantly above the industry average of 10.15%.
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
Looking at the Profit Margin, with a value of 1.88%, HAVI is doing worse than 80.00% of the companies in the same industry.
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
HAVI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, HAVI has more shares outstanding
The number of shares outstanding for HAVI has been increased compared to 5 years ago.
HAVI has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.33, we must say that HAVI is in the distress zone and has some risk of bankruptcy.
HAVI's Altman-Z score of -0.33 is in line compared to the rest of the industry. HAVI outperforms 45.71% of 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.
With a Debt to FCF ratio value of 4.51, HAVI perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
A Debt/Equity ratio of 1.55 is on the high side and indicates that HAVI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.55, HAVI is doing worse than 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 4.51 | ||
| Altman-Z | -0.33 |
ROIC/WACC1.5
WACC6.59%
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.
HAVI has a Current ratio of 0.44. This is amonst the worse of the industry: HAVI underperforms 91.43% of its industry peers.
A Quick Ratio of 0.44 indicates that HAVI may have some problems paying its short term obligations.
HAVI has a Quick ratio of 0.44. This is amonst the worse of the industry: HAVI underperforms 91.43% of its industry peers.
| 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.
Measured over the past years, HAVI shows a decrease in Revenue. The Revenue has been decreasing by -4.88% on average per year.
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 11.04% 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 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 2.92, the valuation of HAVI can be described as very cheap.
HAVI's Price/Earnings ratio is rather cheap when compared to the industry. HAVI is cheaper than 97.14% of the companies in the same industry.
HAVI is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.92 | ||
| 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.
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 | 1.5 | ||
| EV/EBITDA | 4.83 |
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
No dividends for HAVI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:HAVI (4/25/2025, 7:00:00 PM)
1.255
+0.03 (+2.45%)
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 Cap345.34M
Analysts82.86
Price Target2.35 (87.25%)
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)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.92 | ||
| Fwd PE | N/A | ||
| P/S | 0.63 | ||
| P/FCF | 1.5 | ||
| P/OCF | 1.5 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 4.83 |
EPS(TTM)0.43
EY34.26%
EPS(NY)0
Fwd EYN/A
FCF(TTM)0.83
FCFY66.5%
OCF(TTM)0.83
OCFY66.5%
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 | -0.33 |
F-Score5
WACC6.59%
ROIC/WACC1.5
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 3YN/A
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%