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Glenveagh Properties

ISE:GVR
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GVR
ISE
€613M
Market Cap
  1. Home
  2. IE
  3. Consumer Durables
Company description

Glenveagh Properties PLC, a homebuilder, builds and sells houses and apartments for the private buyers and local authorities in the Greater Dublin Area, Ireland. The last earnings update was 75 days ago. More info.


Add to Portfolio Compare Print
  • Glenveagh Properties has significant price volatility in the past 3 months.
GVR Share Price and Events
7 Day Returns
-3.7%
ISE:GVR
-0.8%
Europe Consumer Durables
-1.4%
IE Market
1 Year Returns
-37.8%
ISE:GVR
-10.7%
Europe Consumer Durables
-14.2%
IE Market
GVR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Glenveagh Properties (GVR) -3.7% -14.1% -20.7% -37.8% - -
Europe Consumer Durables -0.8% -4.6% -5.4% -10.7% 4.9% 52.3%
IE Market -1.4% -2.7% -2.3% -14.2% 3.1% 46.7%
1 Year Return vs Industry and Market
  • GVR underperformed the Consumer Durables industry which returned -10.7% over the past year.
  • GVR underperformed the Market in Ireland which returned -14.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

GVR Value

 Is Glenveagh Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Glenveagh Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Glenveagh Properties.

ISE:GVR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year IE Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ISE:GVR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IE Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 7.1%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.876 (1 + (1- 12.5%) (0.01%))
0.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.9% + (0.917 * 7.14%)
7.45%

Discounted Cash Flow Calculation for ISE:GVR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Glenveagh Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ISE:GVR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.45%)
2019 -75.10 Analyst x1 -69.89
2020 65.65 Analyst x2 56.87
2021 88.10 Analyst x2 71.02
2022 65.80 Analyst x1 49.37
2023 184.40 Analyst x1 128.76
2024 227.61 Est @ 23.43% 147.92
2025 265.56 Est @ 16.67% 160.62
2026 297.27 Est @ 11.94% 167.34
2027 322.92 Est @ 8.63% 169.18
2028 343.30 Est @ 6.31% 167.39
Present value of next 10 years cash flows €1,048.58
ISE:GVR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €343.30 × (1 + 0.9%) ÷ (7.45% – 0.9%)
€5,290.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,290.83 ÷ (1 + 7.45%)10
€2,579.77
ISE:GVR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,048.58 + €2,579.77
€3,628.34
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,628.34 / 871.33
€4.16
ISE:GVR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.16
Current discount Discount to share price of €0.70
= -1 x (€0.70 - €4.16) / €4.16
83.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Glenveagh Properties is available for.
Intrinsic value
>50%
Share price is €0.7 vs Future cash flow value of €4.16
Current Discount Checks
For Glenveagh Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Glenveagh Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Glenveagh Properties's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Glenveagh Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Glenveagh Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ISE:GVR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.01
ISE:GVR Share Price ** ISE (2019-06-19) in EUR €0.7
Europe Consumer Durables Industry PE Ratio Median Figure of 88 Publicly-Listed Consumer Durables Companies 11.86x
Ireland Market PE Ratio Median Figure of 23 Publicly-Listed Companies 12.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Glenveagh Properties.

ISE:GVR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:GVR Share Price ÷ EPS (both in EUR)

= 0.7 ÷ -0.01

-133.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Glenveagh Properties is loss making, we can't compare its value to the Europe Consumer Durables industry average.
  • Glenveagh Properties is loss making, we can't compare the value of its earnings to the Ireland market.
Price based on expected Growth
Does Glenveagh Properties's expected growth come at a high price?
Raw Data
ISE:GVR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -133.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
46%per year
Europe Consumer Durables Industry PEG Ratio Median Figure of 60 Publicly-Listed Consumer Durables Companies 1.21x
Ireland Market PEG Ratio Median Figure of 20 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Glenveagh Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Glenveagh Properties's assets?
Raw Data
ISE:GVR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.97
ISE:GVR Share Price * ISE (2019-06-19) in EUR €0.7
Europe Consumer Durables Industry PB Ratio Median Figure of 111 Publicly-Listed Consumer Durables Companies 1.42x
Ireland Market PB Ratio Median Figure of 33 Publicly-Listed Companies 1.19x
ISE:GVR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:GVR Share Price ÷ Book Value per Share (both in EUR)

= 0.7 ÷ 0.97

0.73x

* Primary Listing of Glenveagh Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Glenveagh Properties is good value based on assets compared to the Europe Consumer Durables industry average.
X
Value checks
We assess Glenveagh Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Glenveagh Properties has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GVR Future Performance

 How is Glenveagh Properties expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Glenveagh Properties expected to grow at an attractive rate?
  • Glenveagh Properties's earnings growth is expected to exceed the low risk savings rate of 0.9%.
Growth vs Market Checks
  • Glenveagh Properties's earnings growth is expected to exceed the Ireland market average.
  • Glenveagh Properties's revenue growth is expected to exceed the Ireland market average.
Annual Growth Rates Comparison
Raw Data
ISE:GVR Future Growth Rates Data Sources
Data Point Source Value (per year)
ISE:GVR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 46%
ISE:GVR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 35.5%
Europe Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Europe Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Ireland Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ISE:GVR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ISE:GVR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,036 175 2
2022-12-31 838 132 2
2021-12-31 631 103 88 3
2020-12-31 355 78 41 4
2019-12-31 266 -74 25 3
ISE:GVR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 84 -401 -4
2017-12-31 3 -429 -123

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Glenveagh Properties's earnings are expected to grow significantly at over 20% yearly.
  • Glenveagh Properties's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ISE:GVR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Glenveagh Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:GVR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.21 0.21 0.21 1.00
2022-12-31 0.15 0.15 0.15 1.00
2021-12-31 0.10 0.11 0.09 3.00
2020-12-31 0.05 0.05 0.05 3.00
2019-12-31 0.03 0.03 0.03 2.00
ISE:GVR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.01
2017-12-31 -0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Glenveagh Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Glenveagh Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Glenveagh Properties has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GVR Past Performance

  How has Glenveagh Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Glenveagh Properties's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Glenveagh Properties does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Glenveagh Properties's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Glenveagh Properties's 1-year growth to the Europe Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Glenveagh Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Glenveagh Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:GVR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 84.18 -3.93 17.44
2017-12-31 3.42 -123.32 10.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Glenveagh Properties has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Glenveagh Properties has efficiently used its assets last year compared to the Europe Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Glenveagh Properties improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Glenveagh Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Glenveagh Properties has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GVR Health

 How is Glenveagh Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Glenveagh Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Glenveagh Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Glenveagh Properties's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Glenveagh Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 22747.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Glenveagh Properties Company Filings, last reported 5 months ago.

ISE:GVR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 843.12 0.04 130.70
2017-12-31 640.68 0.25 351.80
  • Glenveagh Properties's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Glenveagh Properties's debt level has increased without past 5-year debt data.
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.

  • Glenveagh Properties has less than a year of cash runway based on current free cash flow.
  • Glenveagh Properties has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.3% each year.
X
Financial health checks
We assess Glenveagh Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Glenveagh Properties has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GVR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Glenveagh Properties dividends. Estimated to be 3.63% next year.
If you bought €2,000 of Glenveagh Properties shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Glenveagh Properties's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Glenveagh Properties's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ISE:GVR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 5.3%
Ireland Market Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.4%
Ireland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Ireland Bottom 25% Dividend Yield 25th Percentile 2.3%
Ireland Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ISE:GVR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.10 1.00
2022-12-31 0.05 2.00
2021-12-31 0.03 3.00
2020-12-31 0.01 4.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Glenveagh Properties has not reported any payouts.
  • Unable to verify if Glenveagh Properties's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Glenveagh Properties's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Glenveagh Properties has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Glenveagh Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Glenveagh Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Glenveagh Properties has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GVR Management

 What is the CEO of Glenveagh Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Justin Bickle
COMPENSATION €112,387
CEO Bio

Mr. Justin A. Bickle serves as a Managing Director at Oaktree Capital Management, L.P. Mr. Bickle is a co-founder of Glenveagh Properties PLC and serves as its Chief Executive Officer. He serves as an Executive Director at Glenveagh Properties PLC and as its Director since 2017. He served as a Director at Oaktree Capital Management, L.P. since 2005. Mr. Bickle serves as a Member of the Principal Opportunities and European Principal Opportunities, Private Debt team. Mr. Bickle joined Oaktree in 2005. He is also a Founder Supporter and Board Member of the Creative Industries Federation. He spent over four years at Cadwalader, Wickersham & Taft LLP. He served as Partner in the Financial Restructuring Department of Cadwalader, Wickersham & Taft LLP since 2005. He served as Special Counsel of Cadwalader, Wickersham & Taft LLP since 2004. Mr. Bickle joined Cadwalader, Wickersham & Taft in 2001 as an Associate. At Cadwalader, he acted for bondholders and other creditors and investors in a number of high profile United Kingdom and European Debt restructurings and workouts and advised on restructuring and insolvency regimes in the United Kingdom, Germany, Spain, Portugal, Luxembourg, France, Poland, The Netherlands, and Sweden. His prior experience included over seven years working for two United Kingdom law firms specializing in contentious litigation and insolvency matters with a particular emphasis on directors' liabilities and disqualification. He has been the Chairman of English National Ballet since January 17, 2013 and served as its Deputy Chairman of the Board of Governors. Mr. Bickle has been the Non-Executive Chairman of The Beautiful Meme since March 18, 2015. He is an Executive Fellow in Finance at London Business School. Mr. Bickle passed the Solicitors Finals Examinations at The College of Law, Chester in 1993 and qualified as a Solicitor in England and Wales in 1995. He graduated from the University of Exeter with an L.L.B., with honors, in Law in 1992.

CEO Compensation
  • Insufficient data for Justin to compare compensation growth.
  • Justin's remuneration is lower than average for companies of similar size in Ireland.
Management Team Tenure

Average tenure and age of the Glenveagh Properties management team in years:

1.3
Average Tenure
38
Average Age
  • The average tenure for the Glenveagh Properties management team is less than 2 years, this suggests a new team.
Management Team

John Mulcahy

TITLE
Co-Founder & Executive Chairman
COMPENSATION
€72K
AGE
69

Justin Bickle

TITLE
Co-Founder
COMPENSATION
€112K

Stephen Garvey

TITLE
Founder
COMPENSATION
€93K
AGE
38

Michael Rice

TITLE
Chief Financial Officer

Conor Murtagh

TITLE
Director of Strategy & Investor Relations
TENURE
1.3 yrs

Wesley Rothwell

TITLE
Chief Commercial Officer
TENURE
1.4 yrs

Chris McGarry

TITLE
Head of Planning
TENURE
1.3 yrs

Shane Scully

TITLE
Chief Development Officer of Glenveagh Living

Mary Birmingham

TITLE
Chief Investment Officer of Glenveagh Living

Chloe McCarthy

TITLE
Company Secretary
AGE
33
Board of Directors Tenure

Average tenure and age of the Glenveagh Properties board of directors in years:

2.4
Average Tenure
65
Average Age
  • The average tenure for the Glenveagh Properties board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Mulcahy

TITLE
Co-Founder & Executive Chairman
COMPENSATION
€72K
AGE
69

Justin Bickle

TITLE
Co-Founder
COMPENSATION
€112K
TENURE
2.4 yrs

Stephen Garvey

TITLE
Founder
COMPENSATION
€93K
AGE
38
TENURE
2.4 yrs

Robert Dix

TITLE
Independent Non-Executive Director
COMPENSATION
€16K
AGE
65
TENURE
2.4 yrs

Richard Cherry

TITLE
Independent Non-Executive Director
COMPENSATION
€16K
AGE
57
TENURE
2.4 yrs

Barbara Judge

TITLE
Senior Independent Non-Executive Director
COMPENSATION
€20K
AGE
71
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Glenveagh Properties insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. May 19 Buy Richard Cherry Individual 23. May 19 23. May 19 204,403 €0.77 €157,390
21. Sep 18 Buy Justin Bickle Individual 20. Sep 18 20. Sep 18 50,000 €1.02 €51,100
06. Sep 18 Buy Justin Bickle Individual 06. Sep 18 06. Sep 18 50,000 €1.06 €53,000
16. Aug 18 Buy Robert Dix Individual 14. Aug 18 14. Aug 18 50,000 €1.15 €57,500
16. Aug 18 Buy Richard Cherry Individual 14. Aug 18 14. Aug 18 166,666 €1.15 €191,666
16. Aug 18 Buy John Mulcahy Individual 14. Aug 18 14. Aug 18 83,350 €1.15 €95,852
16. Aug 18 Buy Barbara Judge Individual 14. Aug 18 14. Aug 18 9,880 €1.15 €11,362
16. Aug 18 Buy Stephen Garvey Individual 14. Aug 18 14. Aug 18 86,956 €1.15 €99,999
16. Aug 18 Buy Michael Rice Individual 14. Aug 18 14. Aug 18 3,333 €1.15 €3,833
X
Management checks
We assess Glenveagh Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Glenveagh Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GVR News

Simply Wall St News

What Kind Of Investor Owns Most Of Glenveagh Properties PLC (ISE:GVR)?

The big shareholder groups in Glenveagh Properties PLC (ISE:GVR) have power over the company. … View our latest analysis for Glenveagh Properties ISE:GVR Ownership Summary, May 10th 2019 What Does The Institutional Ownership Tell Us About Glenveagh Properties? … ISE:GVR Income Statement, May 10th 2019 It looks like hedge funds own 19% of Glenveagh Properties shares.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Glenveagh Properties PLC (ISE:GVR)?

So we'll take a look at whether insiders have been buying or selling shares in Glenveagh Properties PLC (ISE:GVR). … The Last 12 Months Of Insider Transactions At Glenveagh Properties. … In the last twelve months insiders paid €564k for 500.19k shares purchased

Simply Wall St -

Can We See Significant Institutional Ownership On The Glenveagh Properties PLC (ISE:GVR) Share Register?

The big shareholder groups in Glenveagh Properties PLC (ISE:GVR) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Glenveagh Properties isn't enormous, but it's not particularly small either.

Simply Wall St -

An Intrinsic Calculation For Glenveagh Properties PLC (ISE:GVR) Shows It's 21.34% Undervalued

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Do Directors Own Glenveagh Properties PLC (ISE:GVR) Shares?

The big shareholder groups in Glenveagh Properties PLC (ISE:GVR) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Who Owns Most Of Glenveagh Properties PLC (ISE:GVR)?

In this article, I will take a quick look at Glenveagh Properties PLC’s (ISE:GVR) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … It also impacts the trading environment of company shares, which is more of a concern for short-term investors.

Simply Wall St -

Glenveagh Properties PLC's (ISE:GVR) Shift From Loss To Profit

Check out our latest analysis for Glenveagh Properties Expectation from analysts is GVR is on the verge of breakeven. … In order to meet this breakeven date, I calculated the rate at which GVR must grow year-on-year. … ISE:GVR Past Future Earnings May 24th 18 Given this is a high-level overview, I won’t go into detail the detail of GVR’s upcoming projects, though, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

Simply Wall St -

GVR Company Info

Description

Glenveagh Properties PLC, a homebuilder, builds and sells houses and apartments for the private buyers and local authorities in the Greater Dublin Area, Ireland. The company operates through Glenveagh Homes and Glenveagh Living segments. It also offers construction and asset advisory services; and property rental services. The company was founded in 2003 and is based in Dublin, Ireland.

Details
Name: Glenveagh Properties PLC
GVR
Exchange: ISE
Founded: 2003
€612,547,485
871,333,550
Website: http://www.glenveagh.ie
Address: Glenveagh Properties PLC
15 Merrion Square North,
Dublin,
Co. Dublin, 2,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE GVR Ordinary Shares Irish Stock Exchange IE EUR 10. Oct 2017
MUN GVR Ordinary Shares Boerse Muenchen DE EUR 10. Oct 2017
LSE GLV Ordinary Shares London Stock Exchange GB EUR 10. Oct 2017
BATS-CHIXE GLVL Ordinary Shares BATS 'Chi-X Europe' GB EUR 10. Oct 2017
Number of employees
Current staff
Staff numbers
270
Glenveagh Properties employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 22:24
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/04/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.