Noratis AG invests in, develops, and sells residential property portfolios in Germany. More Details
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.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
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.
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
Is Noratis 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: 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.
How is Noratis forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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%).
How has Noratis performed over the past 5 years?
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.
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).
What is Noratis's current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Igor Bugarski (45 yo)
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....
Experienced Board: NUVA's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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 33.8%.
Noratis AG's company bio, employee growth, exchange listings and data sources
- 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
- Noratis AG
- Hauptstrasse 129
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/04 21:53|
|End of Day Share Price||2021/08/04 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.