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RAV

Raven Property GroupLSE:RAV Stock Report

Market Cap

UK£165.5m

7D

-4.5%

1Y

15.8%

Updated

02 Dec, 2021

Data

Company Financials +
RAV fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

RAV Stock Overview

Raven was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants.

Price History & Performance

Summary of all time highs, changes and price drops for Raven Property Group
Historical stock prices
Current Share PriceUK£0.32
52 Week HighUK£0.37
52 Week LowUK£0.23
Beta0.62
1 Month Change-9.48%
3 Month Change-6.53%
1 Year Change15.81%
3 Year Change-30.00%
5 Year Change-21.25%
Change since IPO-72.61%

Recent News & Updates

Nov 28
Here's Why Raven Property Group (LON:RAV) Is Weighed Down By Its Debt Load

Here's Why Raven Property Group (LON:RAV) Is Weighed Down By Its Debt Load

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 09
Raven Property Group (LON:RAV) Is Posting Solid Earnings, But It Is Not All Good News

Raven Property Group (LON:RAV) Is Posting Solid Earnings, But It Is Not All Good News

Solid profit numbers didn't seem to be enough to please Raven Property Group Limited's ( LON:RAV ) shareholders. We...

Shareholder Returns

RAVGB Real EstateGB Market
7D-4.5%-2.3%-2.2%
1Y15.8%11.8%10.5%

Return vs Industry: RAV exceeded the UK Real Estate industry which returned 13.4% over the past year.

Return vs Market: RAV exceeded the UK Market which returned 11.6% over the past year.

Price Volatility

Is RAV's price volatile compared to industry and market?
RAV volatility
RAV Average Weekly Movement5.5%
Real Estate Industry Average Movement3.9%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: RAV is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: RAV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005647Glyn Hirschhttps://www.theravenpropertygroup.com

Raven was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, preference shares and warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of the UK Listing Authority and the Official List of The International Stock Exchange (“TISE”). Its Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange.

Raven Property Group Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
RAV income statement (TTM)
RevenueUK£145.75m
Cost of RevenueUK£38.42m
Gross ProfitUK£107.33m
ExpensesUK£48.61m
EarningsUK£58.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin73.64%
Net Profit Margin40.29%
Debt/Equity Ratio349.9%

How did RAV perform over the long term?

See historical performance and comparison

Valuation

Is Raven Property Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RAV (£0.32) is trading below our estimate of fair value (£1.08)

Significantly Below Fair Value: RAV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RAV is good value based on its PE Ratio (2.8x) compared to the UK Real Estate industry average (12.7x).

PE vs Market: RAV is good value based on its PE Ratio (2.8x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: RAV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: RAV is good value based on its PB Ratio (0.6x) compared to the GB Real Estate industry average (1x).


Future Growth

How is Raven Property Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-77.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RAV's earnings are forecast to decline over the next 3 years (-77.2% per year).

Earnings vs Market: RAV's earnings are forecast to decline over the next 3 years (-77.2% per year).

High Growth Earnings: RAV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RAV's revenue (3.7% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: RAV'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: Insufficient data to determine if RAV's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Raven Property Group performed over the past 5 years?

24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RAV has a large one-off gain of £79.6M impacting its June 30 2021 financial results.

Growing Profit Margin: RAV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RAV has become profitable over the past 5 years, growing earnings by 24% per year.

Accelerating Growth: RAV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RAV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (38.5%).


Return on Equity

High ROE: Whilst RAV's Return on Equity (22.2%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Raven Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: RAV's short term assets (£72.1M) exceed its short term liabilities (£61.1M).

Long Term Liabilities: RAV's short term assets (£72.1M) do not cover its long term liabilities (£980.8M).


Debt to Equity History and Analysis

Debt Level: RAV's net debt to equity ratio (329.8%) is considered high.

Reducing Debt: RAV's debt to equity ratio has increased from 210.2% to 349.9% over the past 5 years.

Debt Coverage: RAV's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: RAV's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

What is Raven Property Group current dividend yield, its reliability and sustainability?

5.53%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RAV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RAV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RAV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RAV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RAV is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RAV's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

12.8yrs

Average management tenure


CEO

Glyn Hirsch (60 yo)

13.08yrs

Tenure

UK£851,000

Compensation

Mr. Glyn Vincent Hirsch serves as Executive Director at Raven Mount Group Limited. Mr. Hirsch has been Chief Executive Officer and Director of Raven Property Group Limited since November 27, 2008. He quali...


CEO Compensation Analysis

Compensation vs Market: Glyn's total compensation ($USD1.13M) is above average for companies of similar size in the UK market ($USD562.92K).

Compensation vs Earnings: Glyn's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RAV's management team is seasoned and experienced (12.8 years average tenure).


Board Members

Experienced Board: RAV's board of directors are seasoned and experienced ( 12.8 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Raven Property Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Raven Property Group Limited
  • Ticker: RAV
  • Exchange: LSE
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: UK£165.464m
  • Shares outstanding: 517.08m
  • Website: https://www.theravenpropertygroup.com

Number of Employees


Location

  • Raven Property Group Limited
  • La Vieille Cour
  • Second Floor
  • Guernsey
  • GY1 6EH
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 21:46
End of Day Share Price2021/12/02 00:00
Earnings2021/06/30
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.