Company Valuation: Havila Shipping ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 78.46 98.43 294.4 128.2 467.8 220.1
Change - 25.45% 199.03% -56.46% 265.02% -52.94%
Enterprise Value (EV) 1 1,993 1,770 2,059 1,331 1,365 1,048
Change - -11.21% 16.34% -35.36% 2.6% -23.25%
P/E 0.07x 14.3x -2.61x 3.15x 4.15x 21.9x
PBR 0.57x 5.12x -3.15x 6.56x 1.43x 0.65x
PEG - -0.1x 0x -0x -0.1x -0.2x
Capitalization / Revenue 0.11x 0.18x 0.43x 0.18x 0.81x 0.34x
EV / Revenue 2.85x 3.27x 3.01x 1.9x 2.35x 1.62x
EV / EBITDA 11.7x 11.5x 8.03x 5x 5.38x 3.54x
EV / EBIT -11.3x -36.7x 27.7x 9.76x 12.5x 10.4x
EV / FCF 11.3x 12.7x -7.5x 2.45x 6.15x 5.73x
FCF Yield 8.83% 7.86% -13.3% 40.8% 16.3% 17.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 49.29 0.29 -4.74 1.71 0.41 0.0364
Distribution rate - - - - - -
Net sales 1 699 540.8 685 699.1 580.3 647.2
EBITDA 1 170.5 153.4 256.3 266.3 253.9 295.7
EBIT 1 -177.2 -48.18 74.27 136.3 109.2 100.5
Net income 1 1,172 65.67 -112.7 112.9 10.38 10.03
Net Debt 1 1,915 1,671 1,765 1,203 897.6 827.8
Reference price 2 3.3000 4.1400 12.3800 5.3900 1.7000 0.8000
Nbr of stocks (in thousands) 23,776 23,776 23,776 23,776 275,169 275,169
Announcement Date 4/22/21 4/27/23 4/27/23 4/19/24 4/23/25 4/20/26
1NOK in Million2NOK
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 25.31M
7.03x0.69x3.24x5.21% 49.84B
6.36x0.61x2.53x8.28% 36.26B
26.67x1.32x7.03x1.86% 26.35B
8.42x3.71x6.92x4.67% 20.7B
10.73x1.44x10.49x4.24% 18.48B
6.08x1.18x3.37x7.71% 17.55B
11.88x4.15x10.06x7.21% 16.78B
8.07x2.1x13.58x2.8% 15.96B
9.17x0.89x3.61x3.18% 15.54B
Average 10.49x 1.79x 6.76x 5.02% 21.75B
Weighted average by Cap. 10.27x 1.53x 5.87x 5.22%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Havila Shipping ASA

Historical PBR trend

Valuation ratios - PBR - Havila Shipping ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Havila Shipping ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Havila Shipping ASA

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