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← CockpitCompetitor Analysis › HAUTO.OL Hoegh Autoliners ASAOpen in the cockpit ↗

Hoegh Autoliners ASAHAUTO.OLCompetitor analysis, valuation and peers

Norway · NOK·Industrials›Marine Shipping

Norwegian shipping company operating pure car and truck carriers that transport vehicles and rolling cargo globally.

≈ A Norwegian car-carrier shipping company transporting vehicles globallyMomentum neutral 59
Mkt cap
$3.64B
US dollars, full cap
Free float
64%
of shares outstanding
$/day
$7.27M
20-day average traded
Fwd P/E
9.6×
forward earnings
ROIC−WACC
+7.8 pp
WACC 9.1%
Hurdle
-17 pp
Req g minus delivered
Next earnings
13 days
19 Nov 2026
Close · NOKNOK 169.60
1D-3.3%
1W-5.5%
1M-7.4%
3M-5.0%
6M+19.9%
YTD+73.0%
1Y+95.8%
ATR %3.8%
52w lowhigh13.4% off high

What Hoegh Autoliners does

Norwegian shipping company operating pure car and truck carriers that transport vehicles and rolling cargo globally.

Moves vehicles and heavy machinery on its own roll-on roll-off ships, mostly under multi-year contracts with automakers that set volumes and rates, with the rest at spot rates. A newbuilding programme of ammonia-ready car carriers is renewing the fleet.

In one line: A Norwegian car-carrier shipping company transporting vehicles globally.

Products and services

  • Car carrier (RoRo) shipping
  • Rolling cargo/high-and-heavy transport

Customers

  • Global automakers exporting vehicles
  • Equipment manufacturers

Where it sits in the supply chain

  • Automotive logistics
  • Marine shipping
  • Car carrier (RoRo) transport

What could go right

  • Tight global car-carrier vessel supply
  • EV export growth from Asia

What could go wrong

  • Cyclical new vehicle trade volumes
  • Industry-wide newbuild capacity additions

Moat: narrow (installed base, scale). Large modern PCTC fleet with capacity advantages amid tight global car-carrier vessel supply.

Headquarters: Oslo, Norway · Founded: 1927 · Employees: 1,763

Named competitors

Hoegh Autoliners at a glance

Size Hoegh Autoliners (HAUTO.OL) is a Norway Industrials company (Marine Shipping) with a market value of $3.64B, the 25th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 169.60 on 6 Nov 2026.

Performance Over six months the shares gained 19.9%, against +5.8% for the median peer and +2.7% for the Norway market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue fell 4.3% over the last twelve months (peer median +8.5%); the operating margin is 30.2% (peer median 16.5%).

Valuation It trades at 9.6× forward earnings against a peer median of 8.1× (7th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -17 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 7.8 points above its cost of capital (9.1% WACC).

Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026HAUTO.OL 119Peer median 104
Six months, rebased to 100: Hoegh Autoliners against the median of its 20 peers (local-currency closes).

Hoegh Autoliners financials

Reported figures in NOK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNOK 14.4BNOK 14.8BNOK 14.7BNOK 15.3BNOK 12.2B
Revenue growth—0%-4%+25%—
Gross profitNOK 4.60BNOK 5.34BNOK 6.27BNOK 6.44BNOK 3.01B
EBITDANOK 5.59BNOK 6.44BNOK 7.44BNOK 7.77BNOK 4.30B
Net incomeNOK 4.19BNOK 5.33BNOK 6.66BNOK 6.23BNOK 2.87B
Free cash flowNOK 2.85BNOK 2.72BNOK 2.96BNOK 5.85BNOK 2.44B
Capital expenditureNOK 1.89BNOK 2.94BNOK 4.48BNOK 1.88BNOK 1.31B
Total debtNOK 9.61BNOK 9.37BNOK 8.96BNOK 5.18BNOK 5.55B

Quarterly statements and history in the cockpit →

Hoegh Autoliners competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-20%-10%0%2866ZIM600428SBLK000088601083DACCAPT6019752510NMM23432609GESHIP2637MATXKEX028670CKN9303HAUTO.OL6-month return →1-month return →
Up and to the right = strong over both horizons. Hoegh Autoliners is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%5×10×15×2866ZIM600428SBLK000088601083DAC6019752510NMM23432609GESHIP2637MATXKEXCKN9303HAUTO.OLRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hoegh Autoliners is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%ZIM600428SBLK000088601083DAC60197525102343GESHIP2637MATX9303HAUTO.OLGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Hoegh Autoliners is the large dot.

Hoegh Autoliners competitors and peer comparison

Head to head with its named competitors (HAUTO.OL vs WAWI.OL vs 9104.T vs 9107.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Hoegh Autoliners HAUTO.OL$3.64B+20%-4%30%9.6×-0.1%
Wallenius Wilhelmsen WAWI.OL$7.58B+29%-11%25%10.4×-6.6%
Mitsui O.s.k. Lines 9104.T$15.0B+10%+20%6%7.3×n/a
Kawasaki Kisen Kaisha 9107.T$11.0B+17%+11%8%9.4×7.3%

How Hoegh Autoliners compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hoegh Autoliners against its 20 peers (data as of 6 Nov 2026)
MeasureHAUTO.OLPeer medianRank in peer set
1-month return-7.4%-8.2%10th highest of 21
6-month return+19.9%+5.8%5th highest of 21
Distance from 52-week high-13.4%-17.1%8th highest of 21
Revenue growth (TTM)-4.3%+8.5%4th lowest of 20
Operating margin30.2%16.5%6th highest of 21
Forward P/E9.6×8.1×7th most expensive of 21
Growth the price implies (Req g, 7 yrs)-0.1%2.7%7th least demanding of 16
Growth delivered (Del g)+16.4%+9.8%3rd highest of 16
Hurdle (Req g minus delivered)-16.5 pp-8.7 pp5th least demanding of 16
ROIC minus cost of capital+7.8 pp+0.7 pp5th highest of 21
EV / EBITDA7.4×6.8×7th most expensive of 15
Net debt / EBITDA1.3×0.9×7th most indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hoegh Autoliners HAUTO.OLNorway$3.64B+20%-4%30%9.6×-0.1%+16.4%
COSCO SHIPPING Development 2866.HKHong Kong$3.84B-22%-2%13%3.6×n/an/a
ZIM Integrated Shipping Services ZIMUnited States$3.37B+5%-25%6%3.7×2.7%+11.6%
COSCO Shipping Specialized Carriers 600428.SSChina$4.40B+25%+37%19%8.9×-17.9%+27.0%
Star Bulk Carriers SBLKUnited States$2.99B0%+6%28%5.7×-0.1%+8.5%
Shenzhen Yan Tian Port 000088.SZChina$2.97B+2%+19%12%16.5×21.8%+10.1%
Shanghai Jinjiang Shipping (Group) 601083.SSChina$2.75B+17%+11%24%11.3×-18.7%+15.2%
Danaos DACUnited States$2.70B+10%+2%48%5.3×-8.7%+17.7%
Capital Tankers CAPT.OLNorway$2.57B+45%n/a37%7.3×n/an/a
Nanjing Tanker 601975.SSChina$2.50B-21%+12%26%9.0×-8.4%+7.6%
T.S. Lines 2510.HKHong Kong$2.48B+38%-4%19%5.8×-6.9%+9.8%
Navios Maritime Partners LP NMMUnited States$2.42B+14%+19%39%3.9×n/an/a
Pacific Basin Shipping 2343.HKHong Kong$2.22B+6%-6%6%9.0×7.9%+7.3%
Yang Ming Marine Transport 2609.TWTaiwan$6.03B+14%-22%6%6.5×n/an/a
Great Eastern Shipping GESHIP.NSIndia$2.16B-8%+24%42%5.1×8.2%+10.1%
Wisdom Marine Lines 2637.TWTaiwan$2.13B+28%+10%33%9.1×-1.8%+7.2%
Matson MATXUnited States$6.34B+16%0%14%10.9×11.8%+7.0%
Kirby KEXUnited States$6.39B-15%+8%14%14.6×6.2%+9.2%
PanOcean 028670.KSSouth Korea$1.91B-12%+24%9%5.0×n/an/a
Clarkson CKN.LUnited Kingdom$1.90B-5%+15%14%13.9×5.2%+12.0%
Sumitomo Warehouse 9303.TJapan$1.87B+4%+2%6%16.3×11.3%+0.4%

Questions

Who are Hoegh Autoliners's main competitors?
Named competitors: Wallenius Wilhelmsen (WAWI.OL), Eukor Car Carriers (private or unlisted), Mitsui O.S.K. Lines (9104.T), Kawasaki Kisen Kaisha (9107.T). The cockpit's measured peer set (industry) also includes COSCO SHIPPING Development (2866.HK), ZIM Integrated Shipping Services (ZIM), COSCO Shipping Specialized Carriers (600428.SS), Star Bulk Carriers (SBLK), Shenzhen Yan Tian Port (000088.SZ), Shanghai Jinjiang Shipping (Group) (601083.SS).
Is Hoegh Autoliners expensive compared with its peers?
On forward p/e it trades at 9.6× against a peer median of 8.1×, 7th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -17 pp: the price already allows for a slowdown.
How has Hoegh Autoliners stock performed?
Over six months to 6 Nov 2026 the shares returned +19.9% against +5.8% for the median peer; over one year +95.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.