Vastra Hamnen Corporate Finance AB (VH) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 4.44%
• Average Volume (3M): 371.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 10
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.83
• Shares Outstanding: 1,000,000
• 10 Day Avg. Volume: 936
• 30 Day Avg. Volume: 371
• PEG Ratio: -0.57
• Price to Book (P/B): 3.58
• Price to Sales (P/S): 3.12
• P/FCF Ratio: -71.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: kr34.00 ▲(3.03% Upside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is primarily supported by the company’s strong, low-leverage balance sheet, but is held back by volatile fundamentals (notably negative 2024 free cash flow and margin compression) and weak technicals with the share trading below key moving averages alongside negative MACD and a low RSI. Valuation is a secondary drag due to the high P/E, partially offset by the dividend yield.

Vastra Hamnen Corporate Finance AB Business Overview & Revenue Model

Company Description

Västra Hamnen Corporate Finance AB (publ), an independent securities company, assists companies and their owners with advice in connection with corporate transactions in Sweden and Denmark. Its activities include raising capital on and off the stock exchange; company transfers; listing and compliance advisory; and stock analysis of small and medium-sized listed companies. The company was founded in 2005 and is based in Malmö, Sweden.

How the Company Makes Money

Vastra Hamnen Corporate Finance AB Financial Statement Overview

Summary

Mixed fundamentals: a strong, low-leverage balance sheet (no debt, solid equity base) supports stability, but profitability compressed sharply in 2024 (net margin ~12.5% vs ~24.5% in 2023) and cash generation turned negative (negative operating and free cash flow), highlighting earnings/cash-flow volatility.

Income Statement

Revenue rebounded in 2024 (+42.1% YoY) following weaker prior years, but profitability compressed sharply: net margin fell to ~12.5% (from ~24.5% in 2023) and EBIT margin dropped to ~15.9% (from ~31.5%). Results show the business can generate strong profits in good years (e.g., very high margins in 2021), but earnings quality looks volatile across the cycle.

Balance Sheet

The balance sheet is conservatively positioned with essentially no debt reported and a solid equity base (2024 equity SEK 12.6m vs. assets SEK 18.0m). Returns on equity remain healthy (~14.3% in 2024), though down meaningfully from 2021–2023 levels, and equity has trended lower from prior peaks—suggesting less cushion than in the strongest period despite still-low leverage.

Cash Flow

Cash generation is the main weak spot: 2024 operating cash flow was negative (SEK -0.2m) and free cash flow was also negative (SEK -0.6m), a sharp reversal from 2023’s strong inflows (operating SEK 5.9m; free SEK 4.1m). The multi-year pattern is choppy (notably negative operating cash flow in 2022), raising risk around the consistency of cash conversion even when the income statement is profitable.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.21M	14.43M	13.09M	12.14M	37.83M	0.00
Gross Profit	14.21M	6.12M	13.09M	5.79M	31.32M	0.00
EBITDA	1.25M	2.73M	4.17M	4.37M	24.26M	13.22M
Net Income	310.00K	1.80M	3.21M	3.38M	19.16M	10.35M
Balance Sheet
Total Assets	14.28M	18.03M	21.26M	20.61M	45.07M	38.23M
Cash, Cash Equivalents and Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	5.01M	5.45M	7.48M	7.03M	18.93M	19.26M
Stockholders Equity	9.27M	12.58M	13.78M	13.58M	26.14M	18.97M
Cash Flow
Free Cash Flow	-2.46M	-628.00K	4.13M	-9.60M	20.20M	24.04M
Operating Cash Flow	-2.46M	-188.00K	5.87M	-9.60M	20.20M	24.04M
Investing Cash Flow	0.00	-440.00K	-1.75M	0.00	0.00	0.00
Financing Cash Flow	-1.50M	-3.00M	-3.00M	-15.95M	-12.00M	-3.00M

Vastra Hamnen Corporate Finance AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASE	71 Outperform	kr727.37M	17.29	―	―	34.18%	242.91%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
VH	56 Neutral	―	-7.27	―	4.44%	―	―
SEAF	54 Neutral	kr343.63M	-85.96	―	―	-1.52%	-43.08%
NAXS	49 Neutral	kr381.84M	-15.80	―	8.78%	―	―