Seihav AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 75 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 107 of 417 · What are Morning company classes?
Place in the whole sector: 276 of 1,018 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 38 and solidity 81 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Seihav AS is 10 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 417 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 18.2% (median 22.4%) and equity ratio 67.2% (median 42.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 103 MNOK | 125 MNOK |
| Operating margin | 18.2% | 22.4% |
| Profit margin | 16.3% | 13.3% |
| Return on assets | 6.1% | 9.5% |
| Equity ratio | 67.2% | 42.6% |
| Debt-to-equity | 0.49 | 1.31 |
| Current ratio | 2.65 | 1.51 |
| Revenue growth | 2.3% | 1.7% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 59, Seihav AS does better than 75% of companies in the Morning class Medium in the same sector (417 companies) in 2025.
Score 2023–2025
- Seihav AS
- Median: companies in the Morning class Medium in the same sector
Seihav AS has a score of 59 for 2025, rank 276 of 1,018 in the sector.
Strongest: Solidity: percentile 81 against peers, equity ratio 67.2% against a median of 42.6%. Liquidity: percentile 70 against peers, current ratio 2.65 against a median of 1.51.
Weakest: Profitability: percentile 38 against peers, operating margin 18.2% against a median of 22.4%.
Worth a closer look
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Seihav AS had an operating margin of 18.2% and an equity ratio of 67.2% in 2025, and ranks 276 of 1,018 in Sjøfart.
From 2024 to 2025: the operating margin fell from 21.4% to 18.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 69 MNOK and 238 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 167 MNOK |
| EV/EBIT | 8.0 | 69 MNOK |
| P/B | 1.0 | 238 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 38 | weight 30% |
|---|---|---|
| Solidity | 81 | weight 25% |
| Liquidity | 70 | weight 15% |
| Growth | 52 | weight 15% |
| Consistency | 64 | weight 15% |
Durability: 58 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Seihav AS?
The operating margin was 18.2% in 2025, against a median of 22.4% among companies in the Morning class Medium in the same sector. Return on assets was 6.1%.
How solid is Seihav AS?
The equity ratio was 67.2% in 2025 (median 42.6%). Debt-to-equity was 0.49 (median 1.31).
What is the liquidity of Seihav AS like?
The current ratio was 2.65 in 2025 (median 1.51).
How does Seihav AS compare in Sjøfart?
Seihav AS ranks 276 of 1,018 in Sjøfart for 2025. Among companies in the Morning class Medium it is number 107 of 417. Revenue changed by 2.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 985829217
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 2 June 2003 23 years in operation
- Share capital
- 0.40 MNOK
- Business address
- Austevollshellevegen 67, 5384 TORANGSVÅG (AUSTEVOLL)
- Municipality
- Austevoll rank 1 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- Website
- www.seistar.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Sigbjørn Stangeland
- Chair of the board
- Helge Singelstad
- Board member
- Tore Bakke
- Auditor
- Pricewaterhousecoopers AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 56 | 57 | 59 | |
| Rank | 346 | 325 | 276 | |
| Operating margin | 15.8% | 21.4% | 18.2% | |
| Return on assets | 5.1% | 7.1% | 6.1% | |
| Equity ratio | 67.6% | 68.6% | 67.2% | |
| Current ratio | 1.17 | 2.44 | 2.65 | |
| Revenue growth | – | 5.4% | 2.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 95.2 MNOK | 100.3 MNOK | 102.7 MNOK |
| Operating profit | 15.1 MNOK | 21.4 MNOK | 18.7 MNOK |
| Profit before tax | 6.9 MNOK | 18.8 MNOK | 16.8 MNOK |
| Net profit | 6.9 MNOK | 18.8 MNOK | 16.7 MNOK |
| Financial expenses | 8.7 MNOK | 4.7 MNOK | 4.7 MNOK |
| Total assets | 301.9 MNOK | 330.0 MNOK | 354.0 MNOK |
| Current assets | 28.5 MNOK | 65.9 MNOK | 93.8 MNOK |
| Equity | 204.0 MNOK | 226.3 MNOK | 238.1 MNOK |
| Retained earnings | 76.3 MNOK | 98.7 MNOK | 110.4 MNOK |
| Total liabilities | 98.0 MNOK | 103.7 MNOK | 116.0 MNOK |
| Current liabilities | 24.4 MNOK | 27.1 MNOK | 35.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7209212.
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