A Look At The Intrinsic Value Of Olav Thon Eiendomsselskap ASA (OB:OLT)
Jul 25
Norwegian (OSEAX) Real Estate Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies11
- 7D-0.009%
- 3M5.1%
- 1Y22.1%
- YTD11.6%
Over the last 7 days, the Real Estate industry has remained flat, although notably Olav Thon Eiendomsselskap gained 3.6%. As for the the longer term, the industry is up 23% over the past 12 months. As for the next few years, earnings are expected to grow by 86% per annum.
Sector Valuation and Performance
Has the Norwegian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NOK 78.6b | NOK 15.5b | -NOK 6,956,016,660.90 | 26.6x | -11.3x | 5.1x |
| Sun, 23 Jun 2024 | NOK 75.9b | NOK 15.4b | -NOK 8,141,467,851.12 | 14.7x | -9.3x | 4.9x |
| Tue, 21 May 2024 | NOK 76.2b | NOK 15.1b | -NOK 8,139,194,942.55 | 36.4x | -9.4x | 5x |
| Thu, 18 Apr 2024 | NOK 70.8b | NOK 14.5b | -NOK 6,981,423,514.80 | 29.7x | -10.1x | 4.9x |
| Sat, 16 Mar 2024 | NOK 69.7b | NOK 14.5b | -NOK 7,039,920,986.84 | 29.7x | -9.9x | 4.8x |
| Mon, 12 Feb 2024 | NOK 68.2b | NOK 14.9b | -NOK 5,546,989,663.53 | 16.1x | -12.3x | 4.6x |
| Wed, 10 Jan 2024 | NOK 68.9b | NOK 14.8b | -NOK 3,203,963,497.00 | 16.3x | -21.5x | 4.7x |
| Fri, 08 Dec 2023 | NOK 62.4b | NOK 15.0b | -NOK 3,176,551,209.00 | 14.2x | -19.6x | 4.2x |
| Sun, 05 Nov 2023 | NOK 57.2b | NOK 15.8b | -NOK 2,172,617,944.00 | 11x | -26.3x | 3.6x |
| Tue, 03 Oct 2023 | NOK 58.2b | NOK 15.7b | -NOK 3,225,324,975.00 | 12.9x | -18x | 3.7x |
| Thu, 31 Aug 2023 | NOK 61.2b | NOK 16.4b | -NOK 2,909,424,150.00 | 11.8x | -21x | 3.7x |
| Sat, 29 Jul 2023 | NOK 61.1b | NOK 16.2b | -NOK 1,690,480,345.00 | 10.5x | -36.2x | 3.8x |
| Mon, 26 Jun 2023 | NOK 60.4b | NOK 16.1b | -NOK 690,274,317.00 | 10.8x | -87.6x | 3.7x |
| Wed, 24 May 2023 | NOK 63.8b | NOK 16.5b | NOK 1.1b | 9.6x | 60.6x | 3.9x |
| Fri, 21 Apr 2023 | NOK 63.8b | NOK 16.3b | NOK 4.3b | 9.1x | 14.7x | 3.9x |
| Sun, 19 Mar 2023 | NOK 13.4b | NOK 3.0b | NOK 1.5b | 8.2x | 8.9x | 4.5x |
| Tue, 14 Feb 2023 | NOK 66.9b | NOK 16.6b | NOK 10.7b | 6.8x | 6.2x | 4x |
| Thu, 12 Jan 2023 | NOK 65.2b | NOK 16.6b | NOK 10.7b | 6.5x | 6.1x | 3.9x |
| Sat, 10 Dec 2022 | NOK 62.7b | NOK 14.2b | NOK 10.7b | 6.4x | 5.9x | 4.4x |
| Mon, 07 Nov 2022 | NOK 63.2b | NOK 15.2b | NOK 10.5b | 6.6x | 6x | 4.2x |
| Wed, 05 Oct 2022 | NOK 64.2b | NOK 15.0b | NOK 15.0b | 5.4x | 4.3x | 4.3x |
| Fri, 02 Sep 2022 | NOK 71.6b | NOK 14.3b | NOK 15.0b | 6.5x | 4.8x | 5x |
| Sun, 31 Jul 2022 | NOK 71.7b | NOK 13.4b | NOK 14.1b | 6.5x | 5.1x | 5.4x |
| Tue, 28 Jun 2022 | NOK 71.9b | NOK 13.2b | NOK 15.2b | 6.6x | 4.7x | 5.4x |
| Thu, 26 May 2022 | NOK 77.3b | NOK 13.1b | NOK 15.2b | 6.9x | 5.1x | 5.9x |
| Sat, 23 Apr 2022 | NOK 85.0b | NOK 12.7b | NOK 11.9b | 9.2x | 7.1x | 6.7x |
| Mon, 21 Mar 2022 | NOK 89.2b | NOK 14.7b | NOK 12.9b | 8.3x | 6.9x | 6.1x |
| Wed, 16 Feb 2022 | NOK 92.7b | NOK 14.0b | NOK 13.3b | 8.6x | 7x | 6.6x |
| Fri, 14 Jan 2022 | NOK 94.1b | NOK 13.8b | NOK 14.0b | 9.4x | 6.7x | 6.8x |
| Sun, 12 Dec 2021 | NOK 94.6b | NOK 13.8b | NOK 14.0b | 8.5x | 6.8x | 6.8x |
| Tue, 09 Nov 2021 | NOK 106.2b | NOK 14.0b | NOK 16.2b | 8x | 6.6x | 7.6x |
| Thu, 07 Oct 2021 | NOK 101.7b | NOK 14.0b | NOK 16.2b | 8.3x | 6.3x | 7.3x |
| Sat, 04 Sep 2021 | NOK 97.7b | NOK 13.1b | NOK 13.8b | 9.1x | 7.1x | 7.5x |
| Mon, 02 Aug 2021 | NOK 97.6b | NOK 13.1b | NOK 13.8b | 9.1x | 7.1x | 7.5x |
Price to Earnings Ratio
7.1x
Current Industry PE
- Investors are relatively neutral on the Norwegian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 5.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Norwegian Real Estate sector?
| NO Market | -1.27% | |
| Real Estate | -0.0087% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| Real Estate | -0.0087% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 86% over the next 5 years.
- This is better than its past earnings decline of 67% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 86% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OLT Olav Thon Eiendomsselskap | NOK 231.00 | 4.1% +NOK 913.3m | 36.7% | PS4.8x | |
| KMCP KMC Properties | NOK 2.33 | 19.5% +NOK 158.4m | -58.2% | PE37.1x | |
| PUBLI Public Property Invest | NOK 16.80 | 2.1% +NOK 70.9m | n/a | PS6.1x | |
| SBO Selvaag Bolig | NOK 38.95 | 1.2% +NOK 42.1m | 20.8% | PE15.5x | |
| AURA Aurora Eiendom | NOK 80.00 | 1.3% +NOK 31.0m | 14.3% | PS4.2x |
