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Scanship Holding

OB:SSHIP
Snowflake Description

Exceptional growth potential with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSHIP
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Commercial Services
Company description

Scanship Holding ASA, together with its subsidiaries, manufactures and supplies systems for processing and purifying waste water, food waste, solid waste, and bio sludge. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Scanship Holding has significant price volatility in the past 3 months.
SSHIP Share Price and Events
7 Day Returns
-3.7%
OB:SSHIP
1.9%
Europe Commercial Services
2.6%
NO Market
1 Year Returns
221.8%
OB:SSHIP
-0.3%
Europe Commercial Services
-9.1%
NO Market
SSHIP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Scanship Holding (SSHIP) -3.7% 6.3% 15.1% 221.8% 1900% 522.2%
Europe Commercial Services 1.9% 4.6% 0.8% -0.3% -0.1% 7%
NO Market 2.6% 8% 2.6% -9.1% 31.3% 13.2%
1 Year Return vs Industry and Market
  • SSHIP outperformed the Commercial Services industry which returned -0.3% over the past year.
  • SSHIP outperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
SSHIP
Industry
5yr Volatility vs Market

Value

 Is Scanship Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Scanship Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Scanship Holding.

OB:SSHIP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:SSHIP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 23%) (2.44%))
0.781
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.8 * 5.96%)
6.53%

Discounted Cash Flow Calculation for OB:SSHIP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Scanship Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:SSHIP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 6.53%)
2020 24.00 Analyst x2 22.53
2021 66.00 Analyst x2 58.16
2022 106.04 Est @ 60.67% 87.72
2023 151.64 Est @ 43% 117.75
2024 198.08 Est @ 30.63% 144.38
2025 241.59 Est @ 21.97% 165.31
2026 280.01 Est @ 15.9% 179.86
2027 312.67 Est @ 11.66% 188.53
2028 339.84 Est @ 8.69% 192.35
2029 362.31 Est @ 6.61% 192.50
Present value of next 10 years cash flows NOK1,349.00
OB:SSHIP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK362.31 × (1 + 1.76%) ÷ (6.53% – 1.76%)
NOK7,732.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK7,732.45 ÷ (1 + 6.53%)10
NOK4,108.46
OB:SSHIP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK1,349.00 + NOK4,108.46
NOK5,457.46
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK5,457.46 / 96.18
NOK56.74
OB:SSHIP Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK56.74
Current discount Discount to share price of NOK16.80
= -1 x (NOK16.80 - NOK56.74) / NOK56.74
70.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Scanship Holding is available for.
Intrinsic value
>50%
Share price is NOK16.8 vs Future cash flow value of NOK56.74
Current Discount Checks
For Scanship Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Scanship Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Scanship Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Scanship Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Scanship Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SSHIP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK0.30
OB:SSHIP Share Price ** OB (2019-09-13) in NOK NOK16.8
Europe Commercial Services Industry PE Ratio Median Figure of 107 Publicly-Listed Commercial Services Companies 15.65x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Scanship Holding.

OB:SSHIP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SSHIP Share Price ÷ EPS (both in NOK)

= 16.8 ÷ 0.30

55.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scanship Holding is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Scanship Holding is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Scanship Holding's expected growth come at a high price?
Raw Data
OB:SSHIP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 55.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
42.1%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 1.25x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.72x

*Line of best fit is calculated by linear regression .

OB:SSHIP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 55.18x ÷ 42.1%

1.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scanship Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Scanship Holding's assets?
Raw Data
OB:SSHIP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK1.04
OB:SSHIP Share Price * OB (2019-09-13) in NOK NOK16.8
Europe Commercial Services Industry PB Ratio Median Figure of 147 Publicly-Listed Commercial Services Companies 1.57x
Norway Market PB Ratio Median Figure of 238 Publicly-Listed Companies 1.13x
OB:SSHIP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SSHIP Share Price ÷ Book Value per Share (both in NOK)

= 16.8 ÷ 1.04

16.21x

* Primary Listing of Scanship Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scanship Holding is overvalued based on assets compared to the Europe Commercial Services industry average.
X
Value checks
We assess Scanship Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Scanship Holding has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Scanship Holding expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Scanship Holding expected to grow at an attractive rate?
  • Scanship Holding's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Scanship Holding's earnings growth is expected to exceed the Norway market average.
  • Scanship Holding's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SSHIP Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SSHIP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 42.1%
OB:SSHIP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 24.7%
Europe Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Norway Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:SSHIP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SSHIP Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,195 1
2022-12-31 1,020 1
2021-12-31 778 78 85 2
2020-12-31 662 37 66 2
2019-12-31 436 34 37 1
2019-09-14
OB:SSHIP Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 364 5 29
2019-03-31 347 18 28
2018-12-31 330 31 26
2018-09-30 303 36 23
2018-06-30 276 41 19
2018-03-31 262 26 16
2017-12-31 247 10 13
2017-09-30 221 6 3
2017-06-30 204 -2 1
2017-03-31 190 4 -2
2016-12-31 172 -6 -5
2016-09-30 188 5 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Scanship Holding's earnings are expected to grow significantly at over 20% yearly.
  • Scanship Holding's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:SSHIP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Scanship Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SSHIP Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.86 0.86 0.85 2.00
2020-12-31 0.67 0.68 0.65 2.00
2019-12-31 0.37 0.37 0.37 2.00
2019-09-14
OB:SSHIP Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 0.30
2019-03-31 0.29
2018-12-31 0.28
2018-09-30 0.24
2018-06-30 0.20
2018-03-31 0.17
2017-12-31 0.13
2017-09-30 0.03
2017-06-30 0.01
2017-03-31 -0.02
2016-12-31 -0.05
2016-09-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Scanship Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Scanship Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Scanship Holding has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Scanship Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Scanship Holding's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Scanship Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Scanship Holding's 1-year earnings growth is less than its 5-year average (52.9% vs 63.9%)
  • Scanship Holding's earnings growth has exceeded the Europe Commercial Services industry average in the past year (52.9% vs 13%).
Earnings and Revenue History
Scanship Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Scanship Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SSHIP Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 364.40 29.20 43.50
2019-03-31 347.00 27.75 43.05
2018-12-31 329.60 26.30 42.60
2018-09-30 302.95 22.70 40.35
2018-06-30 276.30 19.10 38.10
2018-03-31 261.65 15.85 35.90
2017-12-31 247.00 12.60 33.70
2017-09-30 220.50 3.25 36.10
2017-06-30 204.00 1.10 32.40
2017-03-31 190.40 -1.85 32.65
2016-12-31 171.60 -4.80 33.50
2016-09-30 187.59 2.15 33.67
2016-06-30 189.20 -1.30 30.40
2016-03-31 194.49 0.15 33.87
2015-12-31 200.30 4.40 28.90
2015-09-30 189.09 -6.90 31.88
2015-06-30 174.82 -2.80 30.82
2015-03-31 156.35 -7.17 29.12
2014-12-31 145.63 -9.28 27.53
2014-09-30 152.02 5.43 25.79
2014-06-30 162.10 4.98 23.04
2014-03-31 166.13 7.49 21.87
2013-12-31 169.97 5.15 20.91
2012-12-31 135.98 7.03 20.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Scanship Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Scanship Holding used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Scanship Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Scanship Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Scanship Holding has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Scanship Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Scanship Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Scanship Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Scanship Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Scanship Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Scanship Holding Company Filings, last reported 2 months ago.

OB:SSHIP Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 99.70 25.30 9.70
2019-03-31 99.70 25.30 9.70
2018-12-31 93.30 3.00 7.00
2018-09-30 93.30 3.00 7.00
2018-06-30 77.20 2.90 6.90
2018-03-31 77.20 2.90 6.90
2017-12-31 57.90 21.90 5.60
2017-09-30 57.90 21.90 5.60
2017-06-30 51.20 32.90 2.80
2017-03-31 51.20 32.90 2.80
2016-12-31 45.40 25.20 3.60
2016-09-30 50.30 28.00 3.00
2016-06-30 50.20 25.50 2.00
2016-03-31 50.20 28.50 4.40
2015-12-31 49.80 28.00 19.50
2015-09-30 49.01 24.03 5.42
2015-06-30 50.88 27.75 4.28
2015-03-31 49.83 18.91 3.65
2014-12-31 45.11 27.67 3.82
2014-09-30 55.07 29.08 14.10
2014-06-30 52.91 37.83 36.24
2014-03-31 -19.23 49.12 1.71
2013-12-31 -21.36 49.28 1.18
2012-12-31 -26.52 46.27 2.60
  • Scanship Holding's level of debt (25.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (71.3% vs 25.4% today).
  • Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.4x coverage).
X
Financial health checks
We assess Scanship Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Scanship Holding has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Scanship Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.6%
Current annual income from Scanship Holding dividends. Estimated to be 1.55% next year.
If you bought NOK2,000 of Scanship Holding shares you are expected to receive NOK12 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Scanship Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Scanship Holding's dividend is below the markets top 25% of dividend payers in Norway (6.47%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:SSHIP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 79 Stocks 3.1%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:SSHIP Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.30 2.00
2020-12-31 0.24 2.00
2019-12-31 0.22 1.00
2019-09-14
OB:SSHIP Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-05-21 0.100 0.597

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scanship Holding is not paying a notable dividend for Norway, therefore no need to check if the payments are stable.
  • Scanship Holding is not paying a notable dividend for Norway, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Scanship Holding's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Scanship Holding's dividends as it is not paying a notable one for Norway.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Scanship Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Scanship Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Scanship Holding has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Scanship Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Henrik Badin
COMPENSATION NOK2,181,400
AGE 49
TENURE AS CEO 11.7 years
CEO Bio

Mr. Henrik Badin has been the Chief Executive Officer of Scanship Holding ASA since 2008.

CEO Compensation
  • Henrik's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Henrik's remuneration is lower than average for companies of similar size in Norway.
Management Team Tenure

Average tenure of the Scanship Holding management team in years:

2.7
Average Tenure
  • The tenure for the Scanship Holding management team is about average.
Management Team

Henrik Badin

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
AGE
49
TENURE
11.7 yrs

Erik Magelssen

TITLE
Chief Financial Officer
COMPENSATION
NOK2M
TENURE
2.5 yrs

Jonny Hansen

TITLE
Chief Operating Officer
COMPENSATION
NOK1M
TENURE
1.4 yrs

Henning Mohn

TITLE
Chief Technical Officer
COMPENSATION
NOK1M
TENURE
2.9 yrs

Asgeir Wien

TITLE
Chief Development Officer
COMPENSATION
NOK2M
AGE
53
TENURE
2.9 yrs

Bjørn Bache

TITLE
Chief Commercial Officer
COMPENSATION
NOK989K
TENURE
1.3 yrs

Erling Hoftun

TITLE
Vice President of Sales & Project Development
Board of Directors Tenure

Average tenure and age of the Scanship Holding board of directors in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the Scanship Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Narve Reiten

TITLE
Chairman
COMPENSATION
NOK300K
AGE
58

Bård Ingerø

TITLE
Director
COMPENSATION
NOK200K
TENURE
1.8 yrs

Susanne L. Schneider

TITLE
Director
COMPENSATION
NOK200K
AGE
53
TENURE
5.7 yrs

Benedicte Agerup

TITLE
Director
COMPENSATION
NOK200K
AGE
55
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Scanship Holding individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
28. Aug 19 Buy Henrik Badin Individual 28. Aug 19 28. Aug 19 2,300 NOK19.10 NOK43,930
01. Jul 19 Buy Henrik Badin Individual 01. Jul 19 01. Jul 19 300 NOK16.90 NOK5,070
X
Management checks
We assess Scanship Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Scanship Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Introducing Scanship Holding (OB:SSHIP), The Stock That Rocketed 1935% In The Last Three Years

It might be of some concern to shareholders to see the Scanship Holding ASA (OB:SSHIP) share price down 26% in the last month. … Scanship Holding was able to grow its EPS at 81% per year over three years, sending the share price higher. … We note that for Scanship Holding the TSR over the last 3 years was 1951%, which is better than the share price return mentioned above.

Simply Wall St -

Is There Now An Opportunity In Scanship Holding ASA (OB:SSHIP)?

It’s trading around 12.32% above my intrinsic value, which means if you buy Scanship Holding today, you’d be paying a relatively reasonable price for it. … This is because Scanship Holding’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … SSHIP’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Scanship Holding (OB:SSHIP) Passed With Ease

Over the last three years, Scanship Holding has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. … The good news, alongside the insider buying, for Scanship Holding bulls is that insiders (collectively) have a meaningful investment in the stock. … The good news is that Scanship Holding is not the only growth stock with insider buying.

Simply Wall St -

Scanship Holding ASA (OB:SSHIP) Delivered A Better ROE Than Its Industry

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Scanship Holding: 28% = øre26m ÷ øre93m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Scanship Holding Have A Good Return On Equity? … Scanship Holding's Debt And Its 28% ROE While Scanship Holding does have a tiny amount of debt, with debt to equity of just 0.032, we think the use of debt is very modest.

Simply Wall St -

What Do Analysts Think About Scanship Holding ASA's (OB:SSHIP) Long Term Outlook?

Scanship Holding ASA's (OB:SSHIP) latest earnings announcement in April 2019 revealed that the company experienced a major tailwind, more than doubling its earnings from the prior year. … Below, I've presented key growth figures on how market analysts perceive Scanship Holding's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … Check out our latest analysis for Scanship Holding Market analysts' consensus outlook for next year seems optimistic, with earnings climbing by a robust 47%.

Simply Wall St -

What Is Scanship Holding's (OB:SSHIP) P/E Ratio After Its Share Price Rocketed?

OB:SSHIP Price Estimation Relative to Market, July 11th 2019 Its relatively high P/E ratio indicates that Scanship Holding shareholders think it will perform better than other companies in its industry classification. … Scanship Holding's Balance Sheet Since Scanship Holding holds net cash of øre4.0m, it can spend on growth, justifying a higher P/E ratio than otherwise. … The Bottom Line On Scanship Holding's P/E Ratio With a P/E ratio of 67.2, Scanship Holding is expected to grow earnings very strongly in the years to come.

Simply Wall St -

Is Scanship Holding (OB:SSHIP) A Risky Investment?

This short term liquidity is a sign that Scanship Holding could probably pay off its debt with ease, as its balance sheet is far from stretched. … Scanship Holding may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Scanship Holding has øre4.0m in net cash and a decent-looking balance sheet.

Simply Wall St -

What Kind Of Investor Owns Most Of Scanship Holding ASA (OB:SSHIP)?

Check out our latest analysis for Scanship Holding OB:SSHIP Ownership Summary, July 2nd 2019 What Does The Institutional Ownership Tell Us About Scanship Holding? … Insider Ownership Of Scanship Holding The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership Our data indicates that Private Companies hold 7.9%, of the company's shares.

Simply Wall St -

Does Scanship Holding ASA's (OB:SSHIP) CEO Salary Reflect Performance?

View our latest analysis for Scanship Holding How Does Henrik Badin's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Henrik Badin is paid less than the average total compensation paid by similar sized companies. … It looks like Scanship Holding ASA pays its CEO less than similar sized companies.

Simply Wall St -

Does Scanship Holding ASA (OB:SSHIP) Have A High Beta?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … If this beta value holds true in the future, Scanship Holding shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down.

Simply Wall St -

Company Info

Description

Scanship Holding ASA, together with its subsidiaries, manufactures and supplies systems for processing and purifying waste water, food waste, solid waste, and bio sludge. It operates through Projects and After Sales segments. The company offers advanced wastewater purification systems to treat various types of maritime wastewater; incinerator systems for burning sludge from food waste and waste water; vacuum systems for collecting, transporting, and further processing of food waste; and waste recycling systems. It also provides waste destruction systems; custom water treatment systems; and bio-sludge system, a treatment system for sludge from waste water and food waste, and to reduce volume by dewatering and drying, as well as to disinfect. In addition, the company offers water reuse units that are used to polish and prolong the use of recreational waters; and solutions for garbage handling, waste to energy, and scrubber wash water. Further, it provides chemical products used in the wastewater purification systems; and spare parts and consumables, as well as service and operational assistance related to these products. The company sells its products to cruise liners. Scanship Holding ASA was founded in 2011 and is headquartered in Lysaker, Norway.

Details
Name: Scanship Holding ASA
SSHIP
Exchange: OB
Founded: 2011
NOK1,615,748,820
96,175,525
Website: http://www.scanship.no
Address: Scanship Holding ASA
Lysaker Torg 12,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SSHIP Ordinary Shares Oslo Bors NO NOK 11. Apr 2014
OTCPK SSHP.F Ordinary Shares Pink Sheets LLC US USD 11. Apr 2014
DB 213 Ordinary Shares Deutsche Boerse AG DE EUR 11. Apr 2014
Number of employees
Current staff
Staff numbers
59
Scanship Holding employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 22:20
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.