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Novavest Real Estate

BRSE:NREN
Snowflake Description

Second-rate dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NREN
BRSE
CHF226M
Market Cap
  1. Home
  2. CH
  3. Real Estate
Company description

Novavest Real Estate AG operates as a real estate company in Switzerland. The last earnings update was 91 days ago. More info.


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NREN Share Price and Events
7 Day Returns
0.7%
BRSE:NREN
1.1%
CH Real Estate
2.1%
CH Market
1 Year Returns
9%
BRSE:NREN
1.7%
CH Real Estate
1.3%
CH Market
NREN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Novavest Real Estate (NREN) 0.7% 1.4% 9.5% 9% 16.8% 21.7%
CH Real Estate 1.1% 2.2% 2.9% 1.7% 11.4% 27.9%
CH Market 2.1% 0.1% 1.5% 1.3% 12.3% 9.3%
1 Year Return vs Industry and Market
  • NREN outperformed the Real Estate industry which returned 1.7% over the past year.
  • NREN outperformed the Market in Switzerland which returned 1.3% over the past year.
Price Volatility
NREN
Industry
5yr Volatility vs Market

Value

 Is Novavest Real Estate undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Novavest Real Estate to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Novavest Real Estate.

BRSE:NREN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BRSE:NREN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.986 (1 + (1- 18%) (132.04%))
1.706
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.706 * 5.96%)
13.44%

Discounted Cash Flow Calculation for BRSE:NREN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Novavest Real Estate is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BRSE:NREN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 13.44%)
2019 6.02 Est @ 2.54% 5.31
2020 6.19 Est @ 2.76% 4.81
2021 6.37 Est @ 2.92% 4.36
2022 6.56 Est @ 3.02% 3.96
2023 6.76 Est @ 3.1% 3.60
2024 6.98 Est @ 3.15% 3.27
2025 7.20 Est @ 3.19% 2.98
2026 7.43 Est @ 3.21% 2.71
2027 7.67 Est @ 3.23% 2.47
2028 7.92 Est @ 3.25% 2.24
Present value of next 10 years cash flows CHF35.71
BRSE:NREN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF7.92 × (1 + 3.28%) ÷ (13.44% – 3.28%)
CHF80.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF80.46 ÷ (1 + 13.44%)10
CHF22.80
BRSE:NREN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF35.71 + CHF22.80
CHF58.51
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF58.51 / 5.15
CHF11.36
BRSE:NREN Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF11.36
Current discount Discount to share price of CHF43.80
= -1 x (CHF43.80 - CHF11.36) / CHF11.36
-285.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Novavest Real Estate is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Novavest Real Estate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Novavest Real Estate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BRSE:NREN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF2.32
BRSE:NREN Share Price ** BRSE (2019-05-22) in CHF CHF43.8
Switzerland Real Estate Industry PE Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 14.87x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Novavest Real Estate.

BRSE:NREN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BRSE:NREN Share Price ÷ EPS (both in CHF)

= 43.8 ÷ 2.32

18.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novavest Real Estate is overvalued based on earnings compared to the CH Real Estate industry average.
  • Novavest Real Estate is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Novavest Real Estate's expected growth come at a high price?
Raw Data
BRSE:NREN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.5%per year
Switzerland Real Estate Industry PEG Ratio Median Figure of 8 Publicly-Listed Real Estate Companies -3.15x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Novavest Real Estate, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Novavest Real Estate's assets?
Raw Data
BRSE:NREN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF39.44
BRSE:NREN Share Price * BRSE (2019-05-22) in CHF CHF43.8
Switzerland Real Estate Industry PB Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 1.07x
Switzerland Market PB Ratio Median Figure of 212 Publicly-Listed Companies 1.62x
BRSE:NREN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BRSE:NREN Share Price ÷ Book Value per Share (both in CHF)

= 43.8 ÷ 39.44

1.11x

* Primary Listing of Novavest Real Estate.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novavest Real Estate is overvalued based on assets compared to the CH Real Estate industry average.
X
Value checks
We assess Novavest Real Estate's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Novavest Real Estate has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Novavest Real Estate expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Novavest Real Estate, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Novavest Real Estate expected to grow at an attractive rate?
  • Novavest Real Estate's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Novavest Real Estate's earnings growth is positive but not above the Switzerland market average.
  • Unable to compare Novavest Real Estate's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BRSE:NREN Future Growth Rates Data Sources
Data Point Source Value (per year)
BRSE:NREN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.5%
Switzerland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -1.5%
Switzerland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -1.8%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BRSE:NREN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BRSE:NREN Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 19 10 12
2018-09-30 19 10 14
2018-06-30 20 10 15
2018-03-31 19 10 14
2017-12-31 18 9 12
2017-09-30 17 10 10
2017-06-30 17 11 8
2017-03-31 15 9 7
2016-12-31 14 7 6
2016-09-30 12 4 5
2016-06-30 9 0 5
2016-03-31 9 1 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Novavest Real Estate's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Novavest Real Estate is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BRSE:NREN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Novavest Real Estate Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:NREN Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 2.32
2018-09-30 2.70
2018-06-30 3.09
2018-03-31 3.02
2017-12-31 2.93
2017-09-30 2.72
2017-06-30 2.47
2017-03-31 2.27
2016-12-31 2.03
2016-09-30 2.03
2016-06-30 2.03
2016-03-31 2.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Novavest Real Estate will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Novavest Real Estate's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Novavest Real Estate has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Novavest Real Estate performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Novavest Real Estate's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Novavest Real Estate has delivered over 20% year on year earnings growth in the past 5 years.
  • Novavest Real Estate's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Novavest Real Estate's 1-year earnings growth is negative, it can't be compared to the CH Real Estate industry average.
Earnings and Revenue History
Novavest Real Estate's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Novavest Real Estate Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:NREN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19.42 11.93 3.30
2018-09-30 19.50 13.60 3.21
2018-06-30 19.57 15.27 3.11
2018-03-31 18.54 13.80 3.07
2017-12-31 17.51 12.32 3.03
2017-09-30 17.14 10.37 3.08
2017-06-30 16.77 8.42 3.13
2017-03-31 15.47 7.12 3.05
2016-12-31 14.16 5.82 2.98
2016-09-30 11.82 5.35 2.84
2016-06-30 9.47 4.89 2.70
2016-03-31 8.72 4.75 2.59
2015-12-31 7.96 4.61 2.47
2015-09-30 7.15 4.12 2.33
2015-06-30 6.34 3.64 2.20
2015-03-31 4.59 1.76 2.78
2014-12-31 2.85 0.86 2.56
2013-12-31 0.08 -0.43 0.87
2013-09-30 0.05 -0.37 0.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Novavest Real Estate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Novavest Real Estate used its assets less efficiently than the CH Real Estate industry average last year based on Return on Assets.
  • Novavest Real Estate has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Novavest Real Estate's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Novavest Real Estate has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Novavest Real Estate's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Novavest Real Estate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Novavest Real Estate's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Novavest Real Estate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Novavest Real Estate's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Novavest Real Estate Company Filings, last reported 4 months ago.

BRSE:NREN Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 203.13 297.85 9.26
2018-09-30 203.13 297.85 9.26
2018-06-30 198.37 250.87 8.15
2018-03-31 198.37 250.87 8.15
2017-12-31 198.40 261.67 7.78
2017-09-30 198.40 261.67 7.78
2017-06-30 168.33 231.60 11.88
2017-03-31 168.33 231.60 11.88
2016-12-31 135.16 199.50 16.87
2016-09-30 135.16 199.50 16.87
2016-06-30 97.11 150.55 10.18
2016-03-31 97.11 150.55 10.18
2015-12-31 95.48 129.93 19.94
2015-09-30 95.48 129.93 19.94
2015-06-30 57.96 106.85 3.87
2015-03-31 57.96 106.85 3.87
2014-12-31 56.94 62.19 20.85
2013-12-31 7.56 4.98 4.66
2013-09-30 4.83 3.68 2.02
  • Novavest Real Estate's level of debt (146.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (66.8% vs 146.6% today).
  • Debt is not well covered by operating cash flow (3.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Novavest Real Estate's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Novavest Real Estate has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Novavest Real Estate's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.77%
Current annual income from Novavest Real Estate dividends.
If you bought CHF2,000 of Novavest Real Estate shares you are expected to receive CHF75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Novavest Real Estate's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.96%).
  • Novavest Real Estate's dividend is above the markets top 25% of dividend payers in Switzerland (3.74%).
Upcoming dividend payment

Purchase Novavest Real Estate before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BRSE:NREN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Switzerland Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.8%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 166 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BRSE:NREN Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-21 1.650 3.867
2018-02-23 1.400 3.545
2017-02-23 1.050 2.699
2016-04-07 0.700 1.877

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Novavest Real Estate has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Novavest Real Estate only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Novavest Real Estate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Novavest Real Estate's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Novavest Real Estate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Novavest Real Estate has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Novavest Real Estate's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Mettler
COMPENSATION CHF1,166,522
AGE 58
CEO Bio

Mr. Peter Mettler serves as Chief Executive Officer and Director of Senioresidenz AG. Mr. Mettler is the Founder of Mettler2Invest AG. He is a CEO of Mettler2Invest AG, which is heavily involved in project development for own use and for third parties. Mr. Mettler served as the Chief Executive Officer and Director of Novavest Real Estate AG. He has been Member of the Management Board and Director at Novavest Real Estate AG since 2014 and 2012 respectively. In 2012, he also founded Novavest Real Estate AG, a real estate company listed on the BX Berne eXchange with a focus on the management and development of properties with predominantly residential use. He serves as a Member of the Board of Directors at Swissbuilding Concept AG and Bauengineering.com AG. He has been Director of Allreal Holding AG since April 20, 2018. He served from 1980 to 1986 as a draftsman, construction manager and later as project manager at the construction company Koch Heer & Gantenbein AG as well as at architectural firms. From 1987 to 1991 he was project manager, later managing director of IGB AG and Plast Engineering AG. In 1991, he co-founded a group of companies in the field of real estate development and general contracting in civil engineering (Bauengineering AG, later renamed Bauengineering.com AG, and Swissbuilding Concept AG). He led these companies most recently as Chairman of the Executive Board and Chairman of the Board. In 2011, this group of companies was sold to the Priora Group. He is a member of the Board of Directors and / or the Executive Committee of Cura Management AG. Mr. Mettler completed his postgraduate studies in Business Management / Executive MBA at the University of St. Gallen and Dipl. Architect HTL.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Peter's remuneration is higher than average for companies of similar size in Switzerland.
Management Team

Peter Mettler

TITLE
CEO, Member of the Management Board & Director
COMPENSATION
CHF1M
AGE
58

Patrick Hauser

TITLE
CFO & Member of the Management Board
COMPENSATION
CHF270K
AGE
49

Marcel Schneider

TITLE
COO & Member of the Management Board
COMPENSATION
CHF422K
AGE
45
TENURE
5.3 yrs

Stefan Schreiber

TITLE
Partner and Portfolio Manager
TENURE
8.3 yrs
Board of Directors

Gian Lazzarini

TITLE
President of the Board of Directors
COMPENSATION
CHF38K
AGE
58

Peter Mettler

TITLE
CEO, Member of the Management Board & Director
COMPENSATION
CHF1M
AGE
58
TENURE
7.3 yrs

Markus Neff

TITLE
Vice-President of the Board
COMPENSATION
CHF32K
AGE
55

Stefan Hiestand

TITLE
Director
COMPENSATION
CHF20K
AGE
57
TENURE
7.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Novavest Real Estate's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Novavest Real Estate has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Novavest Real Estate AG (BRN:NREN) A Great Dividend Stock?

Novavest Real Estate AG (BRN:NREN) has paid a dividend to shareholders in the last few years. … Does Novavest Real Estate tick all the boxes of a great dividend stock? … See our latest analysis for Novavest Real Estate

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Is Novavest Real Estate AG's (BRN:NREN) Balance Sheet Strong Enough To Weather A Storm?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

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How Did Novavest Real Estate AG's (BRN:NREN) 5.9% ROE Fare Against The Industry?

Novavest Real Estate has a ROE of 5.9%, based on the last twelve months. … That means that for every CHF1 worth of shareholders' equity, it generated CHF0.059 in profit. … Check out our latest analysis for Novavest Real Estate?

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Can We See Significant Insider Ownership On The Novavest Real Estate AG (BRN:NREN) Share Register?

A look at the shareholders of Novavest Real Estate AG (BRN:NREN) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of CHF200m, Novavest Real Estate is a small cap stock, so it might not be well known by many institutional investors.

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Do You Know What Novavest Real Estate AG's (BRN:NREN) P/E Ratio Means?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Novavest Real Estate AG's (BRN:NREN) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Is Novavest Real Estate AG's (BRN:NREN) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Taking A Look At Novavest Real Estate AG's (BRN:NREN) ROE

We'll use ROE to examine Novavest Real Estate AG (BRN:NREN), by way of a worked example. … Over the last twelve months Novavest Real Estate has recorded a ROE of 7.7%. … See our latest analysis for Novavest Real Estate?

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What Kind Of Shareholder Owns Most Novavest Real Estate AG (BRN:NREN) Stock?

Every investor in Novavest Real Estate AG (BRN:NREN) should be aware of the most powerful shareholder groups. … Novavest Real Estate is a smaller company with a market capitalization of CHF202m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Novavest Real Estate

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Should You Be Concerned About Novavest Real Estate AG's (BRN:NREN) Earnings Growth?

In this commentary, I will examine Novavest Real Estate AG's (BRN:NREN) latest earnings update (30 June 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the real estate industry performed. … View our latest analysis for Novavest Real Estate? … Did NREN's recent earnings growth beat the long-term trend and the industry.

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What Investors Should Know About Novavest Real Estate AG's (BRN:NREN) Financial Strength

While small-cap stocks, such as Novavest Real Estate AG (BRN:NREN) with its market cap of CHF202.14m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … I believe these basic checks tell most of the story you need to know.

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Company Info

Description

Novavest Real Estate AG operates as a real estate company in Switzerland. It is involved in the management and development of properties for residential use, as well as for office and commercial use. The company is based in Zurich, Switzerland.

Details
Name: Novavest Real Estate AG
NREN
Exchange: BRSE
Founded:
CHF225,575,956
5,150,136
Website: http://www.novavest.ch
Address: Novavest Real Estate AG
Florastrasse 44,
Zurich,
Zurich, 8008,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BRSE NREN Registered A Shares Berne Stock Exchange CH CHF 10. Jul 2013
Number of employees
Current staff
Staff numbers
0
Novavest Real Estate employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 00:23
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.