HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. Its activities include ship design and system packages for offshore, transport, and fishing vessels; design, engineering, and installation of electric systems and delivery of control and automation systems for ships; design, engineering, and delivery of ballast water treatment systems; and providing scalable hydrogen systems, that are designed for operation in heavy seas. Geographically, the company generates a majority of its revenue from Norway followed by other European countries and other regions.

Financial Strength

6/10

Name	Current	Vs Industry
Cash-To-Debt	3.55
Equity-to-Asset	0.12
Debt-to-Equity	0.54
Debt-to-EBITDA	5.7
Piotroski F-Score	3/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	1.39	Distress Grey Safe
Beneish M-Score	-2.7	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

4/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	2
	3-Year EBITDA Growth Rate	-26.9
	3-Year FCF Growth Rate	-21.2
	3-Year Book Growth Rate	33

Momentum Rank

10/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	41.91
	9-Day RSI	44.94
	14-Day RSI	48.07
	6-1 Month Momentum %	15.63
	12-1 Month Momentum %	15.15

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.04
	Quick Ratio	0.94
	Cash Ratio	0.29
	Days Inventory	25.29
	Days Sales Outstanding	51.5
	Days Payable	39.32

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Average Share Buyback Ratio	3.3
	Shareholder Yield %	6.86

Profitability Rank

6/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	15.55
	Operating Margin %	-2.23
	Net Margin %	-1.95
	FCF Margin %	-15.62
	ROE %	-12.45
	ROA %	-2.4
	ROIC %	-3.58
	ROC (Joel Greenblatt) %	-93.47
	ROCE %	-7.09
	Years of Profitability over Past 10-Year	4

GF Value Rank

7/10

	Name	Current	Vs Industry		Vs History
	PS Ratio	0.58
	PB Ratio	5.06
	EV-to-EBIT	-23.52
	EV-to-EBITDA	38.93
	EV-to-Revenue	0.39
	EV-to-FCF	-2.49
	Earnings Yield (Greenblatt) %	-4.25
	FCF Yield %	-29.21

GF Value: kr12.46

OSL:HAV

Warning Signs

Warning! GuruFocus detected 2 Severe warning signs with HAV. Try a 7-Day Free Trial to check it out.

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