Hove AS (HOVE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hove AS DKK 4.69, price DKK 6.90, upside -32.0%, quality 72 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 2.31 – kr 8.66 · fair‑value band kr 3.52 – kr 11.47 · the kr 6.90 price screens above the kr 4.69 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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Hove A/S develops, produces, and supplies advanced lubrication solutions for heavy machinery in Denmark and internationally.
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Hove A/S develops, produces, and supplies advanced lubrication solutions for heavy machinery in Denmark and internationally. The company offers Hove Smart Lube, a field-proven digital solution for traceability and maintaining control of lubrication; Hove Carry, a portable lubrication pump for port cranes; EASY GREASE V5 and EASY GREASE V4 lubrication pumps; Hove ONE pump for direct and central lubrication systems; HOVE REFILLER V2 to fast-fill reservoirs on central lubrication systems with a minimum risk of contamination; and HOVE pre-filled grease cartridges. It also distributes dosing, delivery, and radial piston pumps. It serves wind, mining, and port industries. The company was founded in 2000 and is headquartered in Glostrup, Denmark.
Stock analysis
Hove AS (HOVE) currently trades at kr 6.90, while our model-based Fair Value estimate is kr 4.69, implying the stock looks roughly 47.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 12.48 per share, and 12 of the 17 models we run sit above the kr 6.90 price.
Bear case: the Dividend Discount group reads lowest at kr 2.06, and 5 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 3.52 (bear) to kr 11.47 (bull), the price of kr 6.90 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 72/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hove AS reported revenue of 209M DKK in FY2025 versus 103M DKK in FY2021, a compound +19.4%/yr. Reported net income was 13.6M DKK in FY2025, compounding +36.2%/yr from FY2021.
Key figures
Market cap 174M DKK (≈ $26.6M) · P/E ratio 0.6 · P/S ratio 0.04 · EPS (TTM) kr 11.54 · Dividend yield 3.6% · Net margin 6.5% · Return on equity 18.7% · Return on assets (EBIT) 11.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 68% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −32%, HOVE screens cheaper than that median.
Fair Value models
Bear kr 3.52Fair Value kr 4.69Bull kr 11.47
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 8.26 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
+23.7%
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.
+11.4%
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.
+15.3%
Start year 2020 (pandemic)
Revenue growth 6 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.
+13.0%
’19
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+15.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.4%
Dividend (yield on the price)3.6%
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.9% → 10%
2025 sits 146% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.Specialty Chemicals · 714 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−32% · Below median
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth41% · Top 25%
Dividend yield (TTM)3.6% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)0.6× · Cheapest 25%
P/B0.30× · Cheapest 25%
P/S (TTM)0.11× · Cheapest 25%
EV/EBITDA1.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 21
PAST (return on equity)75· sector 23
HEALTH (low debt)98· sector 95
DIVIDEND (yield)72· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hove AS Fair Value". https://www.fairvalue-calculator.com/stock/HOVE
Frequently asked questions
Is Hove AS (HOVE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 4.69 versus a price of kr 6.90, about −32% upside (overvalued).
What is the fair value of HOVE?
Our model-based fair value for Hove AS is kr 4.69 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 6.90.
What is the quality score of HOVE?
Hove AS has a Quality Score of 72/100. 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 Hove AS (HOVE)?
Our model-based price target is the fair value of kr 4.69 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario kr 3.52, optimistic scenario kr 11.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Hove AS stock forecast for 2026?
Our models put fair value at kr 4.69, about −32% upside versus a price of kr 6.90 (overvalued). Cautious scenario kr 3.52, optimistic scenario kr 11.47. The calculation is refreshed regularly with new filings.
What is the revenue of Hove AS (HOVE)?
Hove AS reported trailing-twelve-month revenue of about 234M DKK (latest available figure, as of Sep 24, 2026).
Does Hove AS pay a dividend?
Hove AS currently shows a dividend yield of about 3.62% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hove AS (HOVE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hove AS it is kr 4.69 per share (as of Sep 24, 2026), against a price of kr 6.90. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Hove AS stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HOVE trades above its calculated fair value: price kr 6.90, fair value kr 4.69, a gap of about −32% (overvalued). 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 HOVE?
No. The price is what the market pays today (kr 6.90); the fair value is what the company's own numbers justify (kr 4.69). For Hove AS the two are kr 2.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hove AS worth?
The market values Hove AS at about 174M DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 6.90; our models calculate a fair value of kr 4.69 per share.
What do the bullish and bearish scenarios say about HOVE?
Our models span a range for Hove AS: cautious scenario kr 3.52, base kr 4.69, optimistic kr 11.47 per share (as of Sep 24, 2026, price kr 6.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HOVE?
Hove AS trades at a price-to-earnings ratio of 0.6 (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 4.69 is built from several models across several years. Other multiples: P/B 0.3, P/S 0.1, EV/EBITDA 1.1.
How solid is the balance sheet of Hove AS (HOVE)?
Balance-sheet figures for Hove AS (as of Sep 24, 2026): return on equity 18.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is HOVE from its 52-week high?
Hove AS trades at kr 6.90, about 5% below its 52-week high of kr 7.24 and 68% above the low of kr 4.11 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 4.69 is for.
Which stocks are comparable to Hove AS?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Hove AS stock attractive at the current price?
The data as of Sep 24, 2026: price kr 6.90, calculated fair value kr 4.69 (−32%), Quality Score 72/100, from 17 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 HOVE calculated?
We run Hove AS through 17 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 4.69, 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. Hove AS itself currently trades above fair value. 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 Hove AS (HOVE)?
The closing price on Sep 23, 2026 was kr 6.90. Our model-based fair value is kr 4.69, about −32% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hove AS right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide (kr 3.52 to kr 11.47). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Hove AS
How large is the market capitalisation of Hove AS (HOVE)?
The market capitalisation of Hove AS is 174M DKK (≈ $26.6M). 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 Hove AS (HOVE)?
The price-to-sales ratio of Hove AS is 0.04 (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 Hove AS (HOVE)?
Earnings per share at Hove AS are kr 11.54 (price ÷ EPS = P/E 0.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hove AS (HOVE)?
The dividend yield of Hove AS is 3.6% (payout 2.2%). 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 Hove AS (HOVE)?
The net margin of Hove AS is 6.5% (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 Hove AS (HOVE)?
The return on equity (ROE) of Hove AS is 18.7% (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 Hove AS (HOVE)?
On an EBIT basis the return on assets of Hove AS is 11.1% (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 Hove AS (HOVE)?
The operating margin of Hove AS is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hove AS (HOVE)?
Revenue at Hove AS is growing +41.4% versus a year earlier (3y avg +11.4%). 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 Hove AS (HOVE)?
Earnings per share at Hove AS are growing +38.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hove AS (HOVE) generate?
The free cash flow of Hove AS is −682K DKK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hove AS (HOVE) carry?
The net debt of Hove AS is 4.4M DKK (fiscal year 2025). 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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