Citycon Oyj, a real estate investment company, owns, develops, and manages urban grocery-anchored shopping centers in Finland, Norway, Sweden, Estonia, and Denmark.
+ 1 more risk
Reasonable growth potential second-rate dividend payer.
Share Price & News
How has Citycon Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTY1S's share price has been volatile over the past 3 months.
7 Day Return
FI Real Estate
1 Year Return
FI Real Estate
Return vs Industry: CTY1S underperformed the Finnish Real Estate industry which returned -9.3% over the past year.
Return vs Market: CTY1S underperformed the Finnish Market which returned -21.5% over the past year.
Price Volatility Vs. Market
How volatile is Citycon Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWe Think Citycon Oyj's (HEL:CTY1S) Statutory Profit Might Understate Its Earnings Potential
1 month ago | Simply Wall StWhat Type Of Shareholder Owns Citycon Oyj's (HEL:CTY1S)?
2 months ago | Simply Wall StDid Changing Sentiment Drive Citycon Oyj's (HEL:CTY1S) Share Price Down By 38%?
Is Citycon Oyj 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: CTY1S (€5.58) is trading above our estimate of fair value (€4.41)
Significantly Below Fair Value: CTY1S is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CTY1S is poor value based on its PE Ratio (137.9x) compared to the Real Estate industry average (10.5x).
PE vs Market: CTY1S is poor value based on its PE Ratio (137.9x) compared to the Finnish market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: CTY1S is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: CTY1S is good value based on its PB Ratio (0.4x) compared to the XE Real Estate industry average (0.9x).
How is Citycon Oyj forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTY1S's forecast earnings growth (37.6% per year) is above the savings rate (-0.1%).
Earnings vs Market: CTY1S's earnings (37.6% per year) are forecast to grow faster than the Finnish market (9.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CTY1S's revenue (3.7% per year) is forecast to grow faster than the Finnish market (2.8% per year).
High Growth Revenue: CTY1S's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTY1S's Return on Equity is forecast to be low in 3 years time (6%).
How has Citycon Oyj performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTY1S has a large one-off loss of €130.9M impacting its December 31 2019 financial results.
Growing Profit Margin: CTY1S's current net profit margins (2.5%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: CTY1S's earnings have declined by -27% per year over the past 5 years.
Accelerating Growth: CTY1S's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CTY1S had negative earnings growth (-56.6%) over the past year, making it difficult to compare to the Real Estate industry average (6.5%).
Return on Equity
High ROE: CTY1S's Return on Equity (0.4%) is considered low.
How is Citycon Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: CTY1S's short term assets (€74.2M) do not cover its short term liabilities (€294.1M).
Long Term Liabilities: CTY1S's short term assets (€74.2M) do not cover its long term liabilities (€2.0B).
Debt to Equity History and Analysis
Debt Level: CTY1S's debt to equity ratio (78.2%) is considered high.
Reducing Debt: CTY1S's debt to equity ratio has increased from 70.9% to 78.2% over the past 5 years.
Debt Coverage: CTY1S's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: CTY1S's interest payments on its debt are well covered by EBIT (4x coverage).
What is Citycon Oyj's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTY1S's dividend (11.65%) is higher than the bottom 25% of dividend payers in the Finnish market (3.22%).
High Dividend: CTY1S's dividend (11.65%) is in the top 25% of dividend payers in the Finnish market (6.35%)
Stability and Growth of Payments
Stable Dividend: CTY1S's dividend payments have been volatile in the past 10 years.
Growing Dividend: CTY1S's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (1606.9%), CTY1S's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTY1S's dividends in 3 years are forecast to be covered by earnings (76.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
F. Ball (58yo)
Mr. F. Scott Ball serves as Chief Executive Officer at Citycon Oyj since January 1, 2019. Mr. Ball served as President and Chief Operating Officer of Starwood Retail Partners, LLC until 2017. Mr. Ball had ...
|Chief Executive Officer||1.25yrs||no data||0.019% €188.5k|
|Executive VP & CFO||14.33yrs||no data||0.025% €248.1k|
|Chief Operating Officer||1.25yrs||no data||0.000080% €793.2|
|Chief Information Officer||0.25yr||no data||no data|
|Legal & Investor Relations Specialist||no data||no data||no data|
|Vice President of Marketing||0.58yr||no data||no data|
|Chief Development Officer||0.67yr||no data||no data|
Experienced Management: CTY1S's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Chairman of the Board||9.83yrs||no data||0.020% €199.3k|
|Deputy Chairman of the Board||0.083yr||no data||0.0013% €13.0k|
|Independent Director||7.08yrs||no data||0.0042% €41.2k|
|Independent Director||5.83yrs||no data||0.046% €453.9k|
|Independent Director||3.08yrs||no data||0.00099% €9.8k|
|Director||5.83yrs||no data||no data|
|Director||2.08yrs||no data||no data|
|Independent Director||1.08yrs||no data||no data|
Experienced Board: CTY1S's board of directors are considered experienced (4.5 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 not been meaningfully diluted in the past year.
Citycon Oyj's company bio, employee growth, exchange listings and data sources
- Name: Citycon Oyj
- Ticker: CTY1S
- Exchange: HLSE
- Founded: 1988
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €991.452m
- Shares outstanding: 178.00m
- Website: https://www.citycon.com
Number of Employees
- Citycon Oyj
- Iso Omena
- Suomenlahdentie 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CTY1S||HLSE (OMX Nordic Exchange Helsinki)||Yes||Ordinary Shares||FI||EUR||Nov 1989|
|0A0F||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Nov 1989|
|TY2B||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 1989|
Citycon Oyj, a real estate investment company, owns, develops, and manages urban grocery-anchored shopping centers in Finland, Norway, Sweden, Estonia, and Denmark. The company owns 12 shopping centers in Finland and Estonia; 15 shopping centers in Norway; and 11 shopping centers in Sweden and Denmark, as well as 1 other retail property. It also leases and manages 10 shopping centers in Norway on behalf of other owners. Citycon Oyj was founded in 1988 and is headquartered in Espoo, Finland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 20:58|
|End of Day Share Price||2020/04/06 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.