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Havila Shipping ASA (HAVI) Fair Value & Analysis

Industrials · NO · Market cap 336M NOK

Pricekr 1.15
Fair Valuekr 1.98
Upside+72.2%
Quality95/100
Evidence: High Range kr 0.7700 – kr 1.98

Fair value as of: Jun 24, 2026

Analysis

Havila Shipping ASA (HAVI) currently trades at kr 1.15, while our model-based Fair Value estimate is kr 1.98 — implying the stock looks roughly 72.2% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

About the company

Havila Shipping ASA, together with its subsidiaries, engages in the shipping business. It operates and manages offshore service vessels primarily in Norway, the United Kingdom, Denmark, Belgium, the Netherlands, and Iceland. The company operates a fleet of vessels, including platform supply vessels, rescue recovery vessels, and subsea vessels, as well as ocean patrol vessels. Its subsea vessels are used for underwater construction work, as well as for support for underwater operations; and rescue recovery vessels are used to offer security services, such as oil spill preparedness, fire protection, rescue operation, and recovery at oil installations. In addition, the company offers renewable energy services comprising cable repair, trenching and ploughing, mooring and towing, daughter craft operations, and equipment and goods transportation services. The company was founded in 2000 and is headquartered in Fosnavåg, Norway. Havila Shipping ASA is a subsidiary of Havila Holding AS.

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Frequently asked questions

Is Havila Shipping ASA (HAVI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 1.98 versus a price of kr 1.15 — about +72% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HAVI?
Our 21-model fair value for Havila Shipping ASA is kr 1.98 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 1.15.
What is the quality score of HAVI?
Havila Shipping ASA has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.