Hoegh Autoliners ASA (HAUTO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hoegh Autoliners ASA NOK 225, price NOK 183, upside +22.8%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
58‑month range kr 7.93 – kr 192.82 · fair‑value band kr 122.71 – kr 354.44 · the kr 183.10 price screens below the kr 224.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Höegh Autoliners ASA provides ocean transportation services within the roll-on roll-off (RoRo) segment for the deep sea and short sea markets in Norway. It operates through two segments, Shipping Services and Logistics Services.
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Höegh Autoliners ASA provides ocean transportation services within the roll-on roll-off (RoRo) segment for the deep sea and short sea markets in Norway. It operates through two segments, Shipping Services and Logistics Services. The company offers ocean cargo transportation for automobiles; breakbulk; trucks, buses, and trailers; railcars and tramways; mining equipment; agricultural machinery; machinery shipping; construction equipment; power equipment; and boats and yachts. It also provides equipment handling and project cargo logistics services. In addition, the company is involved in terminal-related, management, ship owning, and crewing office activities, as well as the establishment of SPVs for entering into ship building contracts. It serves vehicle manufacturers; and producers of high and heavy construction equipment, as well as of other rolling and non-rolling stocks. As of December 31, 2025, the company operated a fleet of approximately 40 vessels. Höegh Autoliners ASA was founded in 1927 and is headquartered in Oslo, Norway.
Stock analysis
Hoegh Autoliners ASA (HAUTO) currently trades at kr 183.10, while our model-based Fair Value estimate is kr 224.78, implying the stock looks roughly 18.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 41.76 per share, and 0 of the 26 models we run sit above the kr 183.10 price.
Bear case: the Earnings-Based group reads lowest at kr 22.65, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 122.71 (bear) to kr 354.44 (bull), the price of kr 183.10 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hoegh Autoliners ASA reported revenue of $1.4B in FY2025 versus $947M in FY2021, a compound +10.8%/yr. Reported net income was $513M in FY2025, compounding +42.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 34.9B NOK (≈ $3.7B) · P/E ratio 8.1 · P/S ratio 2.94 · EPS (TTM) kr 22.47 · Dividend yield 1.0% · Net margin 36.0% · Return on equity 36.6% · Return on assets (EBIT) 19.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 132% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 60% fair-value upside, at 23%, HAUTO screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 4.29 to kr 65.71). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 122.71Fair Value kr 224.78Bull kr 354.44
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 16.35 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.1%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
’18
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’20
’21
’22
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+25.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.0%
Dividend (yield on the price)1.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 39%
⚠ Revenue per share shrinking 26.9%/yr over ~5Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+37.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−2.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +34.3% a year for the price and −4.7% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 229 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+23% · Above median
Profitability
Return on equity (TTM)34% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)29% · Top 25%
Operating margin (TTM)24% · Above median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Hoegh Autoliners ASA (HAUTO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 224.78 versus a price of kr 183.10, about +23% upside (undervalued).
What is the fair value of HAUTO?
Our model-based fair value for Hoegh Autoliners ASA is kr 224.78 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 183.10.
What is the quality score of HAUTO?
Hoegh Autoliners ASA has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hoegh Autoliners ASA (HAUTO)?
Our model-based price target is the fair value of kr 224.78 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 122.71, optimistic scenario kr 354.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Hoegh Autoliners ASA stock forecast for 2026?
Our models put fair value at kr 224.78, about +23% upside versus a price of kr 183.10 (undervalued). Cautious scenario kr 122.71, optimistic scenario kr 354.44. The calculation is refreshed regularly with new filings.
What is the revenue of Hoegh Autoliners ASA (HAUTO)?
Hoegh Autoliners ASA reported trailing-twelve-month revenue of about 1.5B NOK (latest available figure, as of Sep 24, 2026).
Does Hoegh Autoliners ASA pay a dividend?
Hoegh Autoliners ASA currently shows a dividend yield of about 1.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hoegh Autoliners ASA (HAUTO)?
For today's price to be fair in a discounted-cash-flow model, Hoegh Autoliners ASA would have to grow free cash flow by +37.6 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of HAUTO use?
Our models discount Hoegh Autoliners ASA at 7.9 %: a base by market capitalisation (large), damped by beta 0.24, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hoegh Autoliners ASA that is +37.6 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has Hoegh Autoliners ASA (HAUTO) delivered so far?
Over the past 5 years revenue at Hoegh Autoliners ASA grew +14.1 % a year. The price currently implies +37.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hoegh Autoliners ASA (HAUTO) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Hoegh Autoliners ASA (+37.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hoegh Autoliners ASA (HAUTO)?
The free-cash-flow yield on the price is 0.86 %: that much free cash flow Hoegh Autoliners ASA produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hoegh Autoliners ASA (HAUTO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hoegh Autoliners ASA it is kr 224.78 per share (as of Sep 24, 2026), against a price of kr 183.10. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hoegh Autoliners ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HAUTO trades below its calculated fair value: price kr 183.10, fair value kr 224.78, a gap of about +23% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HAUTO?
No. The price is what the market pays today (kr 183.10); the fair value is what the company's own numbers justify (kr 224.78). For Hoegh Autoliners ASA the two are kr 41.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hoegh Autoliners ASA worth?
The market values Hoegh Autoliners ASA at about 34.9B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 183.10; our models calculate a fair value of kr 224.78 per share.
What do the bullish and bearish scenarios say about HAUTO?
Our models span a range for Hoegh Autoliners ASA: cautious scenario kr 122.71, base kr 224.78, optimistic kr 354.44 per share (as of Sep 24, 2026, price kr 183.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HAUTO?
Hoegh Autoliners ASA trades at a price-to-earnings ratio of 8.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 224.78 is built from several models across several years. Other multiples: P/B 2.9, P/S 2.5, EV/EBITDA 7.9.
How solid is the balance sheet of Hoegh Autoliners ASA (HAUTO)?
Balance-sheet figures for Hoegh Autoliners ASA (as of Sep 24, 2026): return on equity 34.2%, debt of 0.67 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is HAUTO from its 52-week high?
Hoegh Autoliners ASA trades at kr 183.10, about 5% below its 52-week high of kr 192.82 and 132% above the low of kr 78.96 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 224.78 is for.
Which stocks are comparable to Hoegh Autoliners ASA?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hoegh Autoliners ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 183.10, calculated fair value kr 224.78 (+23%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HAUTO calculated?
We run Hoegh Autoliners ASA through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 224.78, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Hoegh Autoliners ASA currently trades 23 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hoegh Autoliners ASA (HAUTO)?
The closing price on Sep 23, 2026 was kr 183.10. Our model-based fair value is kr 224.78, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hoegh Autoliners ASA right now?
The model range is unusually wide (kr 122.71 to kr 354.44). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hoegh Autoliners ASA
How large is the market capitalisation of Hoegh Autoliners ASA (HAUTO)?
The market capitalisation of Hoegh Autoliners ASA is 34.9B NOK (≈ $3.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hoegh Autoliners ASA (HAUTO)?
The price-to-sales ratio of Hoegh Autoliners ASA is 2.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hoegh Autoliners ASA (HAUTO)?
Earnings per share at Hoegh Autoliners ASA are kr 22.47 (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hoegh Autoliners ASA (HAUTO)?
The dividend yield of Hoegh Autoliners ASA is 1.0% (payout 8.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hoegh Autoliners ASA (HAUTO)?
The net margin of Hoegh Autoliners ASA is 36.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hoegh Autoliners ASA (HAUTO)?
The return on equity (ROE) of Hoegh Autoliners ASA is 36.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hoegh Autoliners ASA (HAUTO)?
On an EBIT basis the return on assets of Hoegh Autoliners ASA is 19.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hoegh Autoliners ASA (HAUTO)?
The operating margin of Hoegh Autoliners ASA is 31.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hoegh Autoliners ASA (HAUTO)?
Revenue at Hoegh Autoliners ASA is growing +9.3% versus a year earlier (3y avg +3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hoegh Autoliners ASA (HAUTO)?
Earnings per share at Hoegh Autoliners ASA are growing −33.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hoegh Autoliners ASA (HAUTO) carry?
The net debt of Hoegh Autoliners ASA is 604M NOK (fiscal year 2025, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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