Havila Kystruten Valuation Multiples

Discover revenue and EBITDA valuation multiples for Havila Kystruten and similar public comparables like Bestone.com, Waterways Leisure Tourism, Bonheur, Lindblad Expeditions and more.

Havila Kystruten Overview

About Havila Kystruten

Havila Kystruten AS is a shipping company, which sails the classic coastal journey between Bergen and Kirkenes with the Norwegian coast's environmentally friendly ship.


Founded

2017

HQ

Norway

Employees

605

Sectors

Financials (LTM)

Revenue: $203M
EBITDA: $43M

EV

$75M

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Havila Kystruten Financials

Havila Kystruten reported last 12-month revenue of $203M and EBITDA of $43M.

In the same LTM period, Havila Kystruten generated $158M in gross profit, $43M in EBITDA, and had net loss of ($46M).

Revenue (LTM)


Havila Kystruten P&L

In the most recent fiscal year, Havila Kystruten reported revenue of $189M and EBITDA of $40M.

Havila Kystruten is unprofitable as of last fiscal year, with gross margin of 67%, EBITDA margin of 21%, and net margin of (60%).

See analyst estimates for Havila Kystruten
LTMLast FY202320242025202620272028
Revenue$203M$189M$82M$165M$189M
Gross Profit$158M$128M$44M$105M$128M
Gross Margin78%67%54%64%67%
EBITDA$43M$40M($41M)$4M$40M
EBITDA Margin21%21%(50%)2%21%
EBIT Margin10%9%(43%)0%9%
Net Profit($46M)($114M)($98M)($85M)($114M)
Net Margin(23%)(60%)(119%)(52%)(60%)
Net Debt-($22M)---

Financial data powered by Morningstar, Inc.

Havila Kystruten Stock Performance

Havila Kystruten has current market cap of $94M, and enterprise value of $75M.

Market Cap Evolution


Havila Kystruten's stock price is $5.49.

Havila Kystruten share price increased by 0.5% in the last 30 days, and decreased by 10.6% in the last year.

Havila Kystruten has an EPS (earnings per share) of $-6.67.

See more trading valuation data for Havila Kystruten
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$75M$94M-1.4%0.5%-8.5%-10.6%$-6.67

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Havila Kystruten Valuation Multiples

Havila Kystruten trades at 0.4x EV/Revenue multiple, and 1.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Havila Kystruten

EV / Revenue (LTM)


Havila Kystruten Financial Valuation Multiples

As of September 18, 2026, Havila Kystruten has market cap of $94M and EV of $75M.

Havila Kystruten has a P/E ratio of (2.0x).

LTMLast FY202320242025202620272028
EV/Revenue0.4x0.4x0.9x0.5x0.4x
EV/EBITDA1.8x1.9x(1.8x)20.5x1.9x
EV/EBIT3.8x4.5x(2.1x)114.4x4.5x
EV/Gross Profit0.5x0.6x1.7x0.7x0.6x
P/E(2.0x)(0.8x)(1.0x)(1.1x)(0.8x)
EV/FCF(9.4x)41.0x(0.3x)(4.9x)41.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Havila Kystruten Margins & Growth Rates

Havila Kystruten grew revenue by 11% and EBITDA by 10% in the last fiscal year.

In the most recent fiscal year, Havila Kystruten reported gross margin of 67%, EBITDA margin of 21%, and net margin of (60%).

See estimated margins and future growth rates for Havila Kystruten

Havila Kystruten Margins

Last FY202420252026202720282029
Gross Margin67%64%67%78%
EBITDA Margin21%2%21%21%
EBIT Margin9%0%9%10%
Net Margin(60%)(52%)(60%)(9%)
FCF Margin1%(9%)1%(5%)

Havila Kystruten Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth11%100%15%11%
Gross Profit Growth27%137%21%27%
EBITDA Growth10%(109%)988%10%
EBIT Growth29%(102%)2422%29%
Net Profit Growth(83%)(14%)34%(83%)
FCF Growth(722%)(93%)(112%)(722%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Havila Kystruten Operational KPIs

Havila Kystruten's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Havila Kystruten's Rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Havila Kystruten's Rule of X is 47% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Havila Kystruten
LTMLast FY202320242025202620272028
Rule of 4030%32%---
Bessemer Rule of X43%47%---
Revenue per Employee-$0.3M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue-4%11%5%4%
G&A Expenses to Revenue-4%13%4%4%
Opex to Revenue-59%97%63%59%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Havila Kystruten Competitors

Havila Kystruten competitors include Bestone.com, Waterways Leisure Tourism, Bonheur, Lindblad Expeditions, EIH, Norwegian Cruise Line, Carnival, Viking Cruises and Royal Caribbean.

Most Havila Kystruten public comparables operate across Cruises.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Bestone.com0.6x0.6x25.5x-
Waterways Leisure Tourism13.9x-71.0x-
Bonheur1.2x1.2x3.9x4.2x
Lindblad Expeditions2.9x2.6x25.0x15.9x
EIH6.1x5.8x17.5x17.0x
Norwegian Cruise Line2.2x2.1x8.4x8.3x
Carnival2.0x2.0x7.9x7.6x

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About Havila Kystruten

When was Havila Kystruten founded?Havila Kystruten was founded in 2017.
Where is Havila Kystruten headquartered?Havila Kystruten is headquartered in Norway.
How many employees does Havila Kystruten have?As of today, Havila Kystruten has over 605 employees.
Is Havila Kystruten publicly listed?Yes, Havila Kystruten is a public company listed on Oslo Børs.
What is the stock symbol of Havila Kystruten?Havila Kystruten trades under HKY ticker.
When did Havila Kystruten go public?Havila Kystruten went public in 2021.
Who are competitors of Havila Kystruten?Havila Kystruten main competitors include Bestone.com, Waterways Leisure Tourism, Bonheur, Lindblad Expeditions, EIH, Norwegian Cruise Line, Carnival, Viking Cruises, Royal Caribbean.
What is the current market cap of Havila Kystruten?Havila Kystruten's current market cap is $94M.
What is the current revenue of Havila Kystruten?Havila Kystruten's last 12 months revenue is $203M.
What is the current revenue growth of Havila Kystruten?Havila Kystruten revenue growth (NTM/LTM) is 9%.
What is the current EV/Revenue multiple of Havila Kystruten?Current revenue multiple of Havila Kystruten is 0.4x.
What is the current EBITDA of Havila Kystruten?Havila Kystruten's last 12 months EBITDA is $43M.
What is Havila Kystruten's EBITDA margin?Havila Kystruten's last 12 months EBITDA margin is 21%.
What is the current EV/EBITDA multiple of Havila Kystruten?Current EBITDA multiple of Havila Kystruten is 1.8x.
What is the current FCF of Havila Kystruten?Havila Kystruten's last 12 months FCF is ($8M).
What is Havila Kystruten's FCF margin?Havila Kystruten's last 12 months FCF margin is (4%).
What is the current EV/FCF multiple of Havila Kystruten?Current FCF multiple of Havila Kystruten is (9.4x).
How many companies Havila Kystruten has acquired to date?Havila Kystruten hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Havila Kystruten has invested to date?Havila Kystruten hasn't invested in any companies yet (or none have been disclosed publicly).

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