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High Arctic Overseas Holdings (HOH) Fair Value & Analysis

Energy · CA · Market cap C$24.6M

HA High Arctic Overseas Holdings HOH · V
PriceC$1.93
Fair ValueC$1.51
Upside-21.8%
Quality45/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (3/8)
Narrow moat 23/100
Evidence: Low Range C$0.9900 – C$1.88 Share as image

Fair value as of: Jul 24, 2026

From 1 valuation models · updated 18 days ago

Share price +7.8% over the past month.

Below-average quality, and screening another 22% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$1.88). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (C$0.9900 to C$1.88) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (2 years)

C$2.00 C$0.9700 Fair Value C$1.51 Aug 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

24‑month range C$0.9700 – C$2.00 · fair‑value band C$0.9900 – C$1.88 · the C$1.93 price screens above the C$1.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

High Arctic Overseas Holdings (HOH) currently trades at C$1.93, while our model-based Fair Value estimate is C$1.51, implying the stock looks roughly 21.8% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Energy 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: low).

Our scenario range runs from C$0.9900 (bear case) to C$1.88 (bull case); at C$1.93, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 95% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at -22%, HOH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
NCAV (Graham) C$1.09 C$1.46 C$2.18 50
All 1 models by family
Asset-Based
NCAV (Graham) C$1.09 C$1.46 C$2.18 50

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Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 77

Profitability 3
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

High Arctic Overseas Holdings Corp., through its subsidiaries, provides contract drilling, equipment rental, and other oilfield services in Papua New Guinea. It offers oil and gas drilling, workovers and abandonments, and heli-portable services.

Full company description

High Arctic Overseas Holdings Corp., through its subsidiaries, provides contract drilling, equipment rental, and other oilfield services in Papua New Guinea. It offers oil and gas drilling, workovers and abandonments, and heli-portable services. The company also engages in the rental of equipment, including cranes, telehandlers, and loaders; light vehicles and heavy transport; generators and fuel storage; site matting; modular camps and offices; pressure washers and water transfer pumps; and elevated work platforms, light plants, and compressors. In addition, it provides fire services, such as alarm, automated fire sprinkler, and special hazards and suppression systems, as well as fire hydrant, hose reel and fire pump sets, fire system design, inspections and testing, and hazard and risk assessments. Further, the company is involved in preventive maintenance program development, implementation, and automation; risk-based maintenance and integrity management for critical equipment; maintenance system audit and compliance assessments; and asset integrity and maintenance testing. It serves the energy, mining, civils and construction, commercial, industrial, accommodation, and ports and warehousing industries. The company was founded in 1993 and is headquartered in Calgary, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

High Arctic Overseas Holdings reported revenue of C$8.9M in FY2025 versus C$11.8M in FY2021, a compound −6.7%/yr. Reported net income was −C$4.1M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$8.9M
Latest YoY
−62.9%
Avg. growth/yr (3Y) 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.
−33.2%
Revenue −6.7%/yr
FY21 C$11.8M
FY22 C$29.9M
FY23 C$43.4M
FY24 C$24.1M
FY25 C$8.9M
Net income
FY21 −C$5.0M
FY22 −C$5.0M
FY23 −C$8.6M
FY24 C$2.9M
FY25 −C$4.1M

HOH screens 22% overvalued. Compare with SLB N.V →

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Cite: Fair Value Calculator (2026). "High Arctic Overseas Holdings Fair Value". https://www.fairvalue-calculator.com/stock/HOH

Peer Group

Oil & Gas Equipment & Services · 191 stocks

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.

Quality Score 44 · Below median
Fair Value upside −22% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Above median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/B 0.65× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 4 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 28
HEALTH 0 · sector 92
DIVIDEND 0 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is High Arctic Overseas Holdings (HOH) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of C$1.51 versus a price of C$1.93, about −22% (overvalued).
What is the fair value of HOH?
Our model-based fair value for High Arctic Overseas Holdings is C$1.51 (as of Jul 24, 2026), built from audited fundamentals. The current price is C$1.93.
What is the quality score of HOH?
High Arctic Overseas Holdings has a Quality Score of 45/100. 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 net profit margin of HOH?
The net profit margin of High Arctic Overseas Holdings is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

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