XTRA:NUVA

Stock Analysis Report

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Market Cap

€99.7m

Last Updated

2021/08/04 21:53 UTC

Data Sources

Company Financials +

Executive Summary

Noratis AG invests in, develops, and sells residential property portfolios in Germany. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.

Share Price & News

How has Noratis's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NUVA is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: NUVA's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

NUVA

2.2%

DE Real Estate

0.8%

DE Market


1 Year Return

4.8%

NUVA

12.6%

DE Real Estate

27.3%

DE Market

Return vs Industry: NUVA underperformed the German Real Estate industry which returned 12.6% over the past year.

Return vs Market: NUVA underperformed the German Market which returned 27.3% over the past year.


Shareholder returns

NUVAIndustryMarket
7 Day-0.5%2.2%0.8%
30 Day-0.5%2.6%0.2%
90 Day4.8%9.5%3.4%
1 Year12.4%4.8%15.9%12.6%31.3%27.3%
3 Year-4.3%-15.9%26.5%17.2%29.4%18.6%
5 Yearn/a56.6%38.1%50.8%29.9%

Long-Term Price Volatility Vs. Market

How volatile is Noratis's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Noratis undervalued compared to its fair value and its price relative to the market?

29.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NUVA (€20.7) is trading above our estimate of fair value (€13.48)

Significantly Below Fair Value: NUVA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NUVA is poor value based on its PE Ratio (29.9x) compared to the German Real Estate industry average (15.7x).

PE vs Market: NUVA is poor value based on its PE Ratio (29.9x) compared to the German market (25.4x).


Price to Earnings Growth Ratio

PEG Ratio: NUVA is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: NUVA's PB Ratio (1.4x) is in line with the DE Real Estate industry average.


Future Growth

How is Noratis forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

29.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NUVA's forecast earnings growth (29.1% per year) is above the savings rate (0.01%).

Earnings vs Market: NUVA's earnings (29.1% per year) are forecast to grow faster than the German market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NUVA's revenue (21.2% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: NUVA's revenue (21.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NUVA's Return on Equity is forecast to be low in 3 years time (12.2%).


Past Performance

How has Noratis performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NUVA has a high level of non-cash earnings.

Growing Profit Margin: NUVA's current net profit margins (9.7%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: NUVA's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: NUVA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NUVA had negative earnings growth (-66.2%) over the past year, making it difficult to compare to the Real Estate industry average (-10.4%).


Return on Equity

High ROE: NUVA's Return on Equity (3.8%) is considered low.


Financial Health

How is Noratis's financial position?


Financial Position Analysis

Short Term Liabilities: NUVA's short term assets (€366.0M) exceed its short term liabilities (€9.4M).

Long Term Liabilities: NUVA's short term assets (€366.0M) exceed its long term liabilities (€283.9M).


Debt to Equity History and Analysis

Debt Level: NUVA's debt to equity ratio (380.3%) is considered high.

Reducing Debt: NUVA's debt to equity ratio has reduced from 2101.8% to 380.3% over the past 5 years.

Debt Coverage: NUVA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: NUVA's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

What is Noratis's current dividend yield, its reliability and sustainability?

2.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NUVA's dividend (2.42%) is higher than the bottom 25% of dividend payers in the German market (0.99%).

High Dividend: NUVA's dividend (2.42%) is low compared to the top 25% of dividend payers in the German market (3.25%).


Stability and Growth of Payments

Stable Dividend: NUVA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NUVA has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.3%), NUVA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NUVA's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average board tenure


CEO

Igor Bugarski (45 yo)

9.58yrs

Tenure

Mr. Igor Christian Bugarski serves as Chief Executive Officer & Chairman of Management Board at Noratis AG. At Noratis since 2011, Mr. Bugarski is responsible for acquisition, development, sales and legal....


Board Members

Experienced Board: NUVA's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.8%.


Top Shareholders

Company Information

Noratis AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noratis AG
  • Ticker: NUVA
  • Exchange: XTRA
  • Founded: 2002
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €99.733m
  • Shares outstanding: 4.82m
  • Website: https://www.noratis.de

Number of Employees


Location

  • Noratis AG
  • Hauptstrasse 129
  • Eschborn
  • Hessen
  • 65760
  • Germany

Listings


Biography

Noratis AG invests in, develops, and sells residential property portfolios in Germany. The company primarily focuses on a portfolio of apartments, residential areas, and housing estates. Noratis AG was fou...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 21:53
End of Day Share Price2021/08/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.