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Hove A/S (HOVE) Fair Value & Analysis

Basic Materials · DK · Market cap 152M DKK

HA Hove A/S HOVE · CO
Pricekr 6.04
Fair Valuekr 5.41
Upside-10.4%
Quality72/100
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Expensive Growth
Thin margins · 7.0% net margin
Low debt · negative free cash flow
4.17% dividend yield
Ranks above peers (13/13)
Moderate moat 59/100
Evidence: High Range kr 4.06 – kr 6.77 Share as image

Fair value as of: Jul 18, 2026

From 17 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from kr 9.17 to kr 5.41 (−41.0%) since Jul 16, 2026. Share price +4.9% over the past month.

A solid business, but screening 10% overvalued on our models.

What matters now

  • Our model range runs from kr 4.06 (bear) to kr 6.77 (bull), base kr 5.41. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 8.66 kr 2.31 Fair Value kr 5.41 Nov 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

56‑month range kr 2.31 – kr 8.66 · fair‑value band kr 4.06 – kr 6.77 · the kr 6.04 price screens above the kr 5.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Hove A/S (HOVE) currently trades at kr 6.04, while our model-based Fair Value estimate is kr 5.41, implying the stock looks roughly 10.4% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Basic Materials 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, Hove A/S generated revenue of 234M DKK at a net margin of 7.0%. Revenue grew 41.4% year over year. It earns a return on equity of 18.7%. Net debt stands at 4.4M DKK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 4.06 (bear case) to kr 6.77 (bull case); at kr 6.04, the current price sits within 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 5% below its 52-week high and 110% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -10%, HOVE 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
Residual Income kr 3.14 kr 3.78 kr 7.58 76
ROIC Compounder kr 4.78 kr 6.19 kr 7.72 72
Gordon GGM kr 0.9500 kr 1.59 kr 2.07 70
All 17 models by family
DCF Models
Owner Earnings kr 3.16 kr 5.91 kr 10.48 31
Earnings-Based
Graham-Dodd kr 3.67 kr 23.29 kr 32.55 54
Lynch FV kr 6.73 kr 9.62 kr 12.50 50
PEG = 1.0 kr 6.73 kr 9.62 kr 12.50 46
EPV kr 4.35 kr 4.88 kr 5.31 59
Dividend Discount
Gordon GGM kr 0.9500 kr 1.59 kr 2.07 70
DDM Multi-Stage kr 0.9500 kr 1.51 kr 1.71 61
Multiples
P/E Multiple kr 6.88 kr 9.17 kr 11.47 63
P/S Multiple kr 6.88 kr 9.17 kr 11.47 58
P/B Multiple kr 6.88 kr 9.17 kr 11.47 55
EV/EBIT kr 8.33 kr 11.12 kr 13.91 53
EV/EBITDA kr 6.36 kr 8.50 kr 10.64 54
EV/Revenue kr 7.21 kr 10.32 kr 13.43 43
Asset-Based
NCAV (Graham) kr 1.72 kr 2.31 kr 3.45 50
Economic Profit
Residual Income kr 3.14 kr 3.78 kr 7.58 76
ROIC Compounder kr 4.78 kr 6.19 kr 7.72 72
Growth Earnings
Growth-Adj P/E kr 8.73 kr 12.48 kr 16.22 68

Widest divergence: Growth Earnings (kr 12.48) versus Dividend Discount (kr 1.51). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 234M DKK
Revenue growth (YoY) +41.4%
Net margin 7.0%
Return on equity 18.7%
Free cash flow −682K DKK FY2025
P/E ratio 0.5
More key figures
Operating margin 15.3%
EPS (TTM) kr 11.54
Dividend yield 4.1%
EPS growth (YoY) +38.6%
Net debt 4.4M DKK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 67 · Market factors (momentum, volatility) 70

Profitability 73
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 82
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

Hove A/S develops, produces, and supplies advanced lubrication solutions for heavy machinery in Denmark and internationally.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hove A/S reported revenue of kr 209M in FY2025 versus kr 103M in FY2021, a compound +19.4%/yr. Reported net income was kr 13.6M in FY2025, compounding +36.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
209M DKK
Latest YoY
+23.7%
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.
+11.4%
Avg. growth/yr (5Y) 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.
+15.3%
Avg. growth/yr (6Y) 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.
+13.0%
Revenue +19.4%/yr
FY21 kr 103M
FY22 kr 152M
FY23 kr 187M
FY24 kr 169M
FY25 kr 209M
Net income +36.2%/yr
FY21 kr 4.0M
FY22 kr 7.1M
FY23 kr 3.6M
FY24 kr 5.7M
FY25 kr 13.6M

HOVE screens 10% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Hove A/S Fair Value". https://www.fairvalue-calculator.com/stock/HOVE

Peer Group

Specialty Chemicals · 673 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 72 · Top 25%
Fair Value upside −10% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth 41% · Top 25%
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 0.5× · Cheaper than 75% of peers
P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
EV/EBITDA 1.0× · Cheaper than 75% of peers

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 19 · sector 0
FUTURE 100 · sector 19
PAST 75 · sector 23
HEALTH 98 · sector 95
DIVIDEND 83 · sector 25

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Hove A/S (HOVE) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 5.41 versus a price of kr 6.04, about −10% (overvalued).
What is the fair value of HOVE?
Our model-based fair value for Hove A/S is kr 5.41 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 6.04.
What is the quality score of HOVE?
Hove A/S 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 revenue of Hove A/S (HOVE)?
Hove A/S reported trailing-twelve-month revenue of about 234M DKK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HOVE?
The net profit margin of Hove A/S is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Hove A/S pay a dividend?
Hove A/S currently shows a dividend yield of about 4.08% relative to its recent price (as of Jul 18, 2026).

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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