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Hove A/S

HOVE.CO
65
Industrial - Machinery · Industrials
Price
kr 7.24
+0.24 (+3.43%)
Market Cap
kr 183.1M
Exchange
NASDAQ Copenhagen
Winston Score
65
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 7, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
Growth
Exceptional
Cash Flow
Weak
Stability
Exceptional
Valuation
Good
Dividends
Mixed

Share count rising — dilution

+5.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 24.0M (2021) → 25.3M (2025)

§Winston Score History

The full picture

Hove A/S is a Danish industrial company that makes specialized machinery and equipment used in manufacturing and production processes. Its products serve industrial customers across Europe and other markets, helping factories operate more efficiently. The company is a niche player in the industrial machinery space, focused on engineered solutions for specific applications.

Hove generates revenue primarily through equipment sales and related aftermarket services like spare parts and maintenance. It operates mainly in Europe, with a market capitalization of around $0.2 billion, making it a small-cap industrial firm. Its relatively strong return on invested capital suggests it holds a defensible position in its niche markets. Key growth depends on industrial capital spending trends, while its small size and concentrated market exposure represent the main risks going forward.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+38.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+81.8% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

kr 959,000/ year

Declining (-47% vs prior year)

0.5% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

43.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

kr 5M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Hove A/S grew revenue 39% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
27.1%
Modest — 27.1% gross margin
Profit after running costs
Operating Margin
12.6%
Healthy — 12.6% operating margin
Return on the money invested
ROCE
24.6%
Exceptional — 24.6% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+31.0%
Fast-growing sales (+31.0% YoY)
Profit growth
EPS YoY
+123.5%
Earnings growing fast (+123.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
11%
Weak — only 11% of profit becomes cash
Spare cash per sale
FCF Margin
0.4%
Thin free cash flow (0.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.11
Conservative — low debt load (0.11)
Covers its interest
Interest Cover
77.31x
Comfortably covers interest (77.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
8.8x
Attractive valuation — P/E 8.8

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
3.45%
Moderate income — 3.45% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
N/A
Data not available

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