Snowflake Score | |
---|---|
Valuation | 1/6 |
Future Growth | 3/6 |
Past Performance | 0/6 |
Financial Health | 3/6 |
Dividends | 4/6 |
NRR Stock Overview
NewRiver REIT plc (‘NewRiver’) is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK.
NewRiver REIT Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | UK£0.93 |
52 Week High | UK£1.07 |
52 Week Low | UK£0.70 |
Beta | 1.11 |
1 Month Change | 2.55% |
3 Month Change | 1.09% |
1 Year Change | -6.38% |
3 Year Change | -59.70% |
5 Year Change | -73.34% |
Change since IPO | -63.73% |
Recent News & Updates
Shareholder Returns
NRR | GB REITs | GB Market | |
---|---|---|---|
7D | 6.3% | 4.6% | 3.1% |
1Y | -6.4% | 1.9% | -3.2% |
Return vs Industry: NRR underperformed the UK REITs industry which returned 1.9% over the past year.
Return vs Market: NRR underperformed the UK Market which returned -3.2% over the past year.
Price Volatility
NRR volatility | |
---|---|
NRR Average Weekly Movement | 4.9% |
REITs Industry Average Movement | 3.6% |
Market Average Movement | 6.2% |
10% most volatile stocks in GB Market | 11.8% |
10% least volatile stocks in GB Market | 3.2% |
Stable Share Price: NRR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NRR's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2009 | 56 | Allan Lockhart | https://www.nrr.co.uk |
NewRiver REIT plc (‘NewRiver’) is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs. We hand-picked our assets to deliberately focus on occupiers providing essential goods and services, and avoid structurally challenged sub-sectors such as department stores, mid-market fashion and casual dining.
NewRiver REIT Fundamentals Summary
NRR fundamental statistics | |
---|---|
Market Cap | UK£283.53m |
Earnings (TTM) | -UK£87.80m |
Revenue (TTM) | UK£88.20m |
3.2x
P/S Ratio-3.2x
P/E RatioIs NRR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
NRR income statement (TTM) | |
---|---|
Revenue | UK£88.20m |
Cost of Revenue | UK£41.50m |
Gross Profit | UK£46.70m |
Other Expenses | UK£134.50m |
Earnings | -UK£87.80m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jun 07, 2022
Earnings per share (EPS) | -0.28 |
Gross Margin | 52.95% |
Net Profit Margin | -99.55% |
Debt/Equity Ratio | 73.6% |
How did NRR perform over the long term?
See historical performance and comparisonDividends
8.9%
Current Dividend Yield17%
Payout RatioValuation
Is NewRiver REIT undervalued compared to its fair value and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
0.71x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NRR (£0.93) is trading above our estimate of fair value (£0.26)
Significantly Below Fair Value: NRR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NRR is unprofitable, so we can't compare its PE Ratio to the UK REITs industry average.
PE vs Market: NRR is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NRR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NRR is good value based on its PB Ratio (0.7x) compared to the GB REITs industry average (0.9x).
Future Growth
How is NewRiver REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
105.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: NRR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NRR's is expected to become profitable in the next 3 years.
Revenue vs Market: NRR's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: NRR's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NRR's Return on Equity is forecast to be high in 3 years time
Past Performance
How has NewRiver REIT performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-63.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRR is currently unprofitable.
Growing Profit Margin: NRR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NRR is unprofitable, and losses have increased over the past 5 years at a rate of 63.9% per year.
Accelerating Growth: Unable to compare NRR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NRR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (129.6%).
Return on Equity
High ROE: NRR has a negative Return on Equity (-21.84%), as it is currently unprofitable.
Financial Health
How is NewRiver REIT's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NRR's short term assets (£69.4M) exceed its short term liabilities (£42.8M).
Long Term Liabilities: NRR's short term assets (£69.4M) do not cover its long term liabilities (£374.9M).
Debt to Equity History and Analysis
Debt Level: NRR's net debt to equity ratio (65%) is considered high.
Reducing Debt: NRR's debt to equity ratio has increased from 60.7% to 73.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NRR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NRR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.3% per year.
Dividend
What is NewRiver REIT current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
8.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRR's dividend (8.86%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: NRR's dividend (8.86%) is in the top 25% of dividend payers in the UK market (4.84%)
Stability and Growth of Payments
Stable Dividend: NRR's dividend payments have been volatile in the past 10 years.
Growing Dividend: NRR's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (16.7%), NRR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (114.3%), NRR's dividend payments are not well covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Allan Lockhart (56 yo)
13.33yrs
Tenure
UK£637,339
Compensation
Mr. Allan Lockhart serves as the Chief Executive Officer of NewRiver REIT plc since May 1, 2018 and serves as its Director since November 19, 2010. Mr. Lockhart Founded NewRiver REIT plc in 2009. He served...
CEO Compensation Analysis
Compensation vs Market: Allan's total compensation ($USD794.70K) is about average for companies of similar size in the UK market ($USD1.01M).
Compensation vs Earnings: Allan's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: NRR's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: NRR's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NRR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
NewRiver REIT plc's employee growth, exchange listings and data sources
Key Information
- Name: NewRiver REIT plc
- Ticker: NRR
- Exchange: LSE
- Founded: 2009
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: UK£283.527m
- Shares outstanding: 308.18m
- Website: https://www.nrr.co.uk
Number of Employees
Location
- NewRiver REIT plc
- Level 1 Prince Frederick House
- 16 New Burlington Place
- London
- East Lothian
- W1S 2HX
- United Kingdom
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/17 00:00 |
End of Day Share Price | 2022/05/17 00:00 |
Earnings | 2021/09/30 |
Annual Earnings | 2021/03/31 |
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.