Havsfrun Investment AB

HAVB.ST exhibits a highly liquid capital structure, with a current ratio of 97.52, indicating that its current assets significantly exceed its current liabilities. The company holds total assets of 113.5 million SEK, with total liabilities of 1.16 million SEK and total equity of 112.35 million SEK. Notably, the company has no long-term debt, and its debt-to-equity ratio is 0.0, suggesting a conservative leverage profile. However, the company is experiencing negative operating and free cash flows, with operating cash flow at -8.096 million SEK and free cash flow at -12.232 million SEK.

In terms of profitability, HAVB.ST is currently unprofitable, with a net income of -129,000 SEK and an operating income of -129,000 SEK. The return on equity (ROE) and return on assets (ROA) are both -0.0011, indicating a negative return on invested capital. These metrics fall below the typical performance benchmarks for the Investment Management & Fund Operators industry, which generally expects positive ROE and ROA figures.

The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no geographic diversification provided in the available data. This lack of segment and geographic diversification may expose the company to higher concentration risk, particularly in volatile market conditions.

Looking ahead, the company's growth trajectory is uncertain, with no capital expenditures reported and negative operating and free cash flows. The absence of capital investment suggests a lack of expansion or asset development in the near term. While the company's revenue of 1.344 million SEK is modest, the lack of growth indicators and the negative cash flow profile raise concerns about its ability to scale operations or improve profitability in the near future.

The risk assessment for HAVB.ST indicates low liquidity and dilution risk, with no immediate filing-based flags detected. However, the company's negative cash flows and unprofitable operations may increase its vulnerability to market downturns or liquidity constraints in the future. The dilution potential is also low, with no dilutive events or instruments disclosed in the latest filings.

Recent events and disclosures for HAVB.ST include the latest actual EPS of 4.72 SEK, as reported by analysts. No significant regulatory or operational events were disclosed in the available data, suggesting a relatively stable but unremarkable operational environment.

Revenue surged 355.3% year-over-year to SEK 20.5 million, demonstrating significant top-line growth momentum.

Net income expanded 613.6% to SEK 12.9 million, indicating a strong return to profitability.

The company maintains a zero debt-to-equity ratio, providing a pristine balance sheet with no leverage risk.

Cash conversion of 62.76% ranks as best-in-class within the investment management cohort of 389 peers.

Free cash flow improved by 97.5% year-over-year, narrowing the cash burn significantly compared to prior periods.

Operating margin of -9.6% places the company in the bottom quartile of its 358-peer cohort.

Return on equity of -0.11% lags the cohort median of 4.26%, signaling poor capital efficiency.

Equity decreased 6.0% annually over four years, reflecting a contraction in shareholder book value.

Net margin of -9.6% remains in the bottom quartile, highlighting persistent profitability challenges relative to peers.