Novavest Real Estate AG engages in real estate activities in Switzerland.
Questionable track record unattractive dividend payer.
Share Price & News
How has Novavest Real Estate's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NREN has not had significant price volatility in the past 3 months.
7 Day Return
CH Real Estate
1 Year Return
CH Real Estate
Return vs Industry: NREN exceeded the Swiss Real Estate industry which returned -0.4% over the past year.
Return vs Market: NREN exceeded the Swiss Market which returned 1.8% over the past year.
Price Volatility Vs. Market
How volatile is Novavest Real Estate's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Did Novavest Real Estate AG's (VTX:NREN) CEO Take Home Last Year?
1 month ago | Simply Wall StShould You Rely On Novavest Real Estate's (VTX:NREN) Earnings Growth?
1 month ago | Simply Wall StNovavest Real Estate (VTX:NREN) Has A Somewhat Strained Balance Sheet
Is Novavest Real Estate undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NREN (CHF45) is trading above our estimate of fair value (CHF22.05)
Significantly Below Fair Value: NREN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NREN is poor value based on its PE Ratio (16.4x) compared to the Real Estate industry average (13x).
PE vs Market: NREN is good value based on its PE Ratio (16.4x) compared to the Swiss market (19x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NREN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NREN is overvalued based on its PB Ratio (1.1x) compared to the CH Real Estate industry average (1.1x).
How is Novavest Real Estate forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Novavest Real Estate has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of NREN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Novavest Real Estate competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Novavest Real Estate performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NREN has a large one-off gain of CHF6.6M impacting its December 31 2019 financial results.
Growing Profit Margin: NREN's current net profit margins (66.7%) are higher than last year (61.4%).
Past Earnings Growth Analysis
Earnings Trend: NREN's earnings have grown significantly by 31.6% per year over the past 5 years.
Accelerating Growth: NREN's earnings growth over the past year (19.9%) is below its 5-year average (31.6% per year).
Earnings vs Industry: NREN earnings growth over the past year (19.9%) underperformed the Real Estate industry 45.8%.
Return on Equity
High ROE: NREN's Return on Equity (5.5%) is considered low.
How is Novavest Real Estate's financial position?
Financial Position Analysis
Short Term Liabilities: NREN's short term assets (CHF27.0M) do not cover its short term liabilities (CHF81.3M).
Long Term Liabilities: NREN's short term assets (CHF27.0M) do not cover its long term liabilities (CHF243.9M).
Debt to Equity History and Analysis
Debt Level: NREN's debt to equity ratio (117.8%) is considered high.
Reducing Debt: NREN's debt to equity ratio has increased from 110.1% to 117.8% over the past 5 years.
Debt Coverage: NREN's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: NREN's interest payments on its debt are well covered by EBIT (4.8x coverage).
What is Novavest Real Estate current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NREN's dividend (3.67%) is higher than the bottom 25% of dividend payers in the Swiss market (1.95%).
High Dividend: NREN's dividend (3.67%) is low compared to the top 25% of dividend payers in the Swiss market (3.98%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NREN has been paying a dividend for less than 10 years.
Growing Dividend: NREN's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.1%), NREN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Mettler (60yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD610.06K) is below average for companies of similar size in the Swiss market ($USD993.25K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
|CEO, Member of the Management Board & Director||6.5yrs||CHF572.63k||3.67% CHF10.6m|
|CFO & Member of the Management Board||0.50yr||CHF223.65k||no data|
|Partner and Portfolio Manager||9.5yrs||no data||no data|
Experienced Management: NREN's management team is seasoned and experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25%.
Novavest Real Estate AG's company bio, employee growth, exchange listings and data sources
- Name: Novavest Real Estate AG
- Ticker: NREN
- Exchange: SWX
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: CHF289.695m
- Shares outstanding: 6.44m
- Website: https://www.novavest.ch
- Novavest Real Estate AG
- Feldeggstrasse 26
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NREN||SWX (SIX Swiss Exchange)||Yes||Registered A Shares||CH||CHF||Jul 2013|
Novavest Real Estate AG engages in real estate activities in Switzerland. It develops and manages residential, mixed used, and office and commercial properties; courthouses, community buildings, schools, shopping malls, hotels, or leisure facilities; industrial plants; and conversion and refurbishment properties The company is based in Zurich, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/08 20:59|
|End of Day Share Price||2020/07/08 00:00|
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.