HAV Group (HAV) Fair Value & Analysis
Industrials · NO · Market cap 562M NOK
Fair value as of: Jun 24, 2026
From 15 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from kr 0.8100 to kr 7.99 (+886.4%) since Jun 23, 2026. Share price −19.6% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 5.84 – kr 18.43 · fair‑value band kr 6.01 – kr 10.06 · the kr 13.70 price screens above the kr 7.99 fair value. As of Jun 24, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
HAV Group (HAV) currently trades at kr 13.70, while our model-based Fair Value estimate is kr 7.99 — implying the stock looks roughly 41.7% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, HAV Group generated revenue of 803M NOK at a net margin of 0.2%. Revenue declined 11.8% year over year. It earns a return on equity of 1.7%. Net debt stands at 38.4M NOK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
HAV Group ASA, through its subsidiaries, provides maritime and marine technology and services in Norway, Europe, and internationally. The company operates through five segments: HAV Design, Norwegian Electric Systems, Norwegian Greentech, HAV Hydrogen, and Other/Elimination. It offers ship design, project engineering, and system packages for offshore, transport, and fishing vessels; and manufactures, installs, and supplies electric, hybrid-electric propulsion, integrated automation, and bridge systems, as well as navigation and communication packages, including switchboards, electromechanical products, and automation and safety systems. The company also engages in the design, engineering, and delivery of ballast and process water treatment systems; and supply of zero-emission hydrogen-based energy systems for vessels. It serves offshore wind, oil and gas, ferries and ropax, fishery, aquaculture, and short sea cargo industries. The company was founded in 2020 and is headquartered in …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HAV Group reported revenue of kr 803M in FY2025 versus kr 915M in FY2021, a compound −3.2%/yr. Reported net income was kr 1.4M in FY2025, compounding −63.4%/yr from FY2021.
Open the full interactive analysis →
Similar stocks
6 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,824 | ₹644.71 | -65% |
| A.P. Møller - Mærsk A/S, AMKBY | $12.19 | $17.60 | +44% |
| COSCO SHIPPING Holdings 601919 | ¥14.41 | ¥39.06 | +171% |
| International Container Terminal Services, Inc ICTEF | $16.24 | $10.63 | -35% |
| Hapag-Lloyd Aktiengesellschaft, HLAGF | $133.97 | $94.83 | -29% |
| Shanghai International Port (Group) Co 600018 | ¥4.90 | ¥6.57 | +34% |
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is HAV Group (HAV) undervalued?
What is the fair value of HAV?
What is the quality score of HAV?
What is the revenue of HAV Group (HAV)?
What is the net profit margin of HAV?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.