Glenveagh Properties (ISE:GVR) - Share price, News & Analysis

GVR fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

GVR Stock Overview

Rewards

Trading at 31.6% below our estimate of its fair value

Earnings are forecast to grow 26.65% per year

Became profitable this year

Risk Analysis

No risks detected for GVR from our risk checks.

Glenveagh Properties Competitors

Derwent London

LSE:DLN

UK£3.4b

LondonMetric Property

LSE:LMP

UK£2.4b

Shaftesbury

LSE:SHB

UK£2.2b

Great Portland Estates

LSE:GPE

UK£1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Glenveagh Properties
Historical stock prices
Current Share Price	€1.00
52 Week High	€1.30
52 Week Low	€0.86
Beta	1.4
1 Month Change	-14.64%
3 Month Change	-19.98%
1 Year Change	12.91%
3 Year Change	22.33%
5 Year Change	n/a
Change since IPO	-12.70%

Recent News & Updates

May 08

Glenveagh Properties (ISE:GVR) Is Experiencing Growth In Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Apr 06

Is There Now An Opportunity In Glenveagh Properties PLC (ISE:GVR)?

Glenveagh Properties PLC ( ISE:GVR ), might not be a large cap stock, but it saw significant share price movement...

Shareholder Returns

	GVR	IE Consumer Durables	IE Market
7D	-5.0%	0.8%	0.005%
1Y	12.9%	-28.3%	-8.8%

Return vs Industry: GVR exceeded the Irish Consumer Durables industry which returned -28.3% over the past year.

Return vs Market: GVR exceeded the Irish Market which returned -8.8% over the past year.

Price Volatility

Is GVR's price volatile compared to industry and market?
GVR volatility
GVR Average Weekly Movement	4.9%
Consumer Durables Industry Average Movement	5.7%
Market Average Movement	6.6%
10% most volatile stocks in IE Market	8.1%
10% least volatile stocks in IE Market	4.6%

Stable Share Price: GVR is less volatile than 75% of Irish stocks over the past 3 months, typically moving +/- 5% a week.

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

About the Company

Founded	Employees	CEO	Website
2003	336	Stephen Garvey	https://www.glenveagh.ie

Glenveagh Properties PLC, together with its subsidiaries, engages in the construction and sale of houses and apartments for the private buyers, local authorities, and the private rental sector in the Greater Dublin Area and Cork, Ireland. The company operates through Suburban and Urban segments. It also provides investment services; and operates golf clubs.

Glenveagh Properties Fundamentals Summary

How do Glenveagh Properties's earnings and revenue compare to its market cap?
GVR fundamental statistics
Market Cap	€704.72m
Earnings (TTM)	€37.70m
Revenue (TTM)	€476.81m

18.7x

P/E Ratio

1.5x

P/S Ratio

Is GVR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GVR income statement (TTM)
Revenue	€476.81m
Cost of Revenue	€393.75m
Gross Profit	€83.06m
Other Expenses	€45.36m
Earnings	€37.70m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.053
Gross Margin	17.42%
Net Profit Margin	7.91%
Debt/Equity Ratio	15.3%

How did GVR perform over the long term?

See historical performance and comparison

Valuation

Is Glenveagh Properties undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

31.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GVR (€1) is trading below our estimate of fair value (€1.46)

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

Price To Earnings Ratio

PE vs Industry: GVR is poor value based on its PE Ratio (18.7x) compared to the European Consumer Durables industry average (10.7x).

PE vs Market: GVR is poor value based on its PE Ratio (18.7x) compared to the Irish market (18.4x).

Price to Earnings Growth Ratio

PEG Ratio: GVR is good value based on its PEG Ratio (0.7x)

Price to Book Ratio

PB vs Industry: GVR is good value based on its PB Ratio (0.9x) compared to the XE Consumer Durables industry average (1.5x).

Future Growth

How is Glenveagh Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

26.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GVR's forecast earnings growth (26.6% per year) is above the savings rate (0.4%).

Earnings vs Market: GVR's earnings (26.6% per year) are forecast to grow faster than the Irish market (14.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GVR's revenue (17.3% per year) is forecast to grow faster than the Irish market (9.4% per year).

High Growth Revenue: GVR's revenue (17.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GVR's Return on Equity is forecast to be low in 3 years time (14.4%).

Past Performance

How has Glenveagh Properties performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

113.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GVR has high quality earnings.

Growing Profit Margin: GVR became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: GVR has become profitable over the past 5 years, growing earnings by 113.1% per year.

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

Earnings vs Industry: GVR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (41.6%).

Return on Equity

High ROE: GVR's Return on Equity (4.8%) is considered low.

Financial Health

How is Glenveagh Properties's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GVR's short term assets (€916.2M) exceed its short term liabilities (€105.3M).

Long Term Liabilities: GVR's short term assets (€916.2M) exceed its long term liabilities (€80.7M).

Debt to Equity History and Analysis

Debt Level: GVR's net debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GVR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GVR's debt is well covered by operating cash flow (86.7%).

Interest Coverage: GVR's interest payments on its debt are well covered by EBIT (10.4x coverage).

Balance Sheet

Dividend

What is Glenveagh Properties's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.50%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate GVR'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 GVR's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GVR has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Consumer Durables industry.

Management

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

4.3yrs

Average management tenure

CEO

Stephen Garvey (41 yo)

2.75yrs

Tenure

€988,213

Compensation

Mr. Stephen Garvey is a Co-Founder of Glenveagh Properties PLC and serves as its Chief Executive Officer since August 23, 2019. Mr. Garvey serves as Executive Director at Glenveagh Properties PLC since Aug...

CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD1.03M) is about average for companies of similar size in the Irish market ($USD1.03M).

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

Leadership Team

Experienced Management: GVR's management team is considered experienced (4.3 years average tenure).

Board Members

Experienced Board: GVR's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31