BUSE:GSPARK

Stock Analysis Report

Graphisoft Park SE Real Estate Development European

Executive Summary

Graphisoft Park SE Real Estate Development European Company Limited, through its subsidiaries, engages in real estate development and management activities in Hungary.

Snowflake

Fundamentals

Fair value with limited growth.

Share Price & News

How has Graphisoft Park SE Real Estate Development European's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

GSPARK

-1.0%

HU Real Estate

2.8%

HU Market


1 Year Return

31.1%

GSPARK

12.8%

HU Real Estate

13.3%

HU Market

Return vs Industry: GSPARK exceeded the Hungarian Real Estate industry which returned 12.8% over the past year.

Return vs Market: GSPARK exceeded the Hungarian Market which returned 13.3% over the past year.


Shareholder returns

GSPARKIndustryMarket
7 Day-1.7%-1.0%2.8%
30 Day0.2%2.4%1.9%
90 Day15.8%4.4%2.0%
1 Year35.8%31.1%16.6%12.8%16.5%13.3%
3 Year87.1%71.8%34.3%22.7%53.9%41.3%
5 Year222.7%180.0%100.5%67.8%170.1%136.2%

Price Volatility Vs. Market

How volatile is Graphisoft Park SE Real Estate Development European's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Graphisoft Park SE Real Estate Development European undervalued compared to its fair value and its price relative to the market?

8.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GSPARK (HUF4550) is trading above our estimate of fair value (HUF2433.14)

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


Price To Earnings Ratio

PE vs Industry: GSPARK is good value based on its PE Ratio (8x) compared to the Real Estate industry average (11.1x).

PE vs Market: GSPARK is good value based on its PE Ratio (8x) compared to the Hungarian market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GSPARK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSPARK is good value based on its PB Ratio (0.8x) compared to the XE Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Graphisoft Park SE Real Estate Development European forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GSPARK's forecast earnings growth (6.9% per year) is above the savings rate (3%).

Earnings vs Market: GSPARK's earnings (6.9% per year) are forecast to grow faster than the Hungarian market (6.3% per year).

High Growth Earnings: GSPARK's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if GSPARK's revenue is forecast to grow faster than the Hungarian market.

High Growth Revenue: Insufficient data to determine if GSPARK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GSPARK's Return on Equity is forecast to be low in 3 years time (5.6%).


Next Steps

Past Performance

How has Graphisoft Park SE Real Estate Development European performed over the past 5 years?

33.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GSPARK's earnings have grown significantly by 33.6% per year over the past 5 years.

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

Earnings vs Industry: GSPARK had negative earnings growth (-0.5%) over the past year, making it difficult to compare to the Real Estate industry average (6.2%).


Return on Equity

High ROE: GSPARK's Return on Equity (10.1%) is considered low.


Return on Assets

ROA vs Industry: GSPARK has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: GSPARK's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Graphisoft Park SE Real Estate Development European's financial position?


Financial Position Analysis

Short Term Liabilities: GSPARK's short term assets (€8.0M) do not cover its short term liabilities (€9.2M)

Long Term Liabilities: GSPARK's short term assets (8.0M) do not cover its long term liabilities (73.8M)


Debt to Equity History and Analysis

Debt Level: GSPARK's debt to equity ratio (42.8%) is considered high

Reducing Debt: GSPARK's debt to equity ratio has reduced from 218.7% to 42.8% over the past 5 years.

Debt Coverage: GSPARK's debt is not well covered by operating cash flow (19.4%).

Interest Coverage: GSPARK's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet

Inventory Level: GSPARK has a high level of physical assets or inventory.

Debt Coverage by Assets: GSPARK's debt is not covered by short term assets (assets are 0.1x debt).


Next Steps

Dividend

What is Graphisoft Park SE Real Estate Development European's current dividend yield, its reliability and sustainability?

2.72%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%2.1%markettop25%5.6%industryaverage3.0%forecastin3Years5.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GSPARK's dividend (2.72%) is higher than the bottom 25% of dividend payers in the Hungarian market (2.14%).

High Dividend: GSPARK's dividend (2.72%) is low compared to the top 25% of dividend payers in the Hungarian market (5.63%).

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

Growing Dividend: GSPARK's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.8%), GSPARK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Graphisoft Park SE Real Estate Development European's salary, the management and board of directors tenure and is there insider trading?

6.9yrs

Average board tenure


CEO

Kocsány János (59yo)

0yrs

Tenure

0

Mr. Kocsány János serves as the Chief Executive Officer of Graphisoft Park SE Real Estate Development European Company Limited and has been its Director since April 28, 2011. 


Board Age and Tenure

6.9yrs

Average Tenure

Experienced Board: GSPARK's board of directors are considered experienced (6.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kocsány János (59yo)

    CEO & Director

    • Tenure: 0yrs

Board Members

  • Hornung Péter

    Director

    • Tenure: 2.5yrs
  • Bojár Gábor (70yo)

    Chairman

    • Tenure: 13.2yrs
  • Kálmán János

    Independent Director

    • Tenure: 13.2yrs
  • Kocsány János (59yo)

    CEO & Director

    • Tenure: 0yrs
  • Hajdu Martin

    Independent Director

    • Tenure: 5.3yrs
  • Szigeti András

    Independent Director

    • Tenure: 5.3yrs

Company Information

Graphisoft Park SE Real Estate Development European Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Graphisoft Park SE Real Estate Development European Company Limited
  • Ticker: GSPARK
  • Exchange: BUSE
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: Ft45.876b
  • Shares outstanding: 10.08m
  • Website: https://www.graphisoftpark.com

Number of Employees


Location

  • Graphisoft Park SE Real Estate Development European Company Limited
  • Záhony utca 7
  • Budapest
  • 1031
  • Hungary

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSPARKBUSE (Budapest Stock Exchange)YesSeries A SharesHUHUFAug 2006
GUVDB (Deutsche Boerse AG)YesSeries A SharesDEEURAug 2006

Biography

Graphisoft Park SE Real Estate Development European Company Limited, through its subsidiaries, engages in real estate development and management activities in Hungary. It develops and operates Graphisoft P ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:51
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.