Glenveagh Properties
Market Cap
€636.1m
Last Updated
2020/07/11 21:01 UTC
Data Sources
Company Financials +
Executive Summary
Glenveagh Properties PLC, a homebuilder, builds and sells houses and apartments for the private buyers and local authorities in the Greater Dublin Area, Ireland.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and good value.
Similar Companies
Share Price & News
How has Glenveagh Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GVR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.8%
GVR
5.3%
IE Consumer Durables
0.4%
IE Market
1 Year Return
1.4%
GVR
-8.3%
IE Consumer Durables
-0.6%
IE Market
Return vs Industry: GVR exceeded the Irish Consumer Durables industry which returned -8.4% over the past year.
Return vs Market: GVR exceeded the Irish Market which returned -0.3% over the past year.
Shareholder returns
| GVR | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.8% | 5.3% | 0.4% |
| 30 Day | 15.1% | 6.6% | 3.7% |
| 90 Day | 27.0% | 14.6% | 16.6% |
| 1 Year | 1.4%1.4% | -4.9%-8.3% | 0.7%-0.6% |
| 3 Year | n/a | -4.0%-17.1% | 2.4%-2.3% |
| 5 Year | n/a | 26.5%0.4% | 27.5%18.0% |
Price Volatility Vs. Market
How volatile is Glenveagh Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Glenveagh Properties (ISE:GVR) Has A Pretty Healthy Balance Sheet3 months ago | Simply Wall St
Could The Glenveagh Properties PLC (ISE:GVR) Ownership Structure Tell Us Something Useful?3 months ago | Simply Wall St
Calculating The Intrinsic Value Of Glenveagh Properties PLC (ISE:GVR)Valuation
Is Glenveagh Properties 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: GVR (€0.73) is trading below our estimate of fair value (€3.53)
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 (27.8x) compared to the XE Consumer Durables industry average (11.7x).
PE vs Market: GVR is poor value based on its PE Ratio (27.8x) compared to the Irish market (13.7x).
Price to Earnings Growth Ratio
PEG Ratio: GVR is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: GVR is good value based on its PB Ratio (0.7x) compared to the XE Consumer Durables industry average (1.4x).
Next Steps
Future Growth
How is Glenveagh Properties forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
33.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GVR's forecast earnings growth (33.1% per year) is above the savings rate (0.7%).
Earnings vs Market: GVR's earnings (33.1% per year) are forecast to grow faster than the Irish market (17.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GVR's revenue (29% per year) is forecast to grow faster than the Irish market (6.1% per year).
High Growth Revenue: GVR's revenue (29% per year) is forecast to grow faster 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 (6.6%).
Next Steps
Past Performance
How has Glenveagh Properties performed over the past 5 years?
238.1%
Last years revenue 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 0% 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 (-1.5%).
Return on Equity
High ROE: GVR's Return on Equity (2.6%) is considered low.
Next Steps
Financial Health
How is Glenveagh Properties's financial position?
Financial Position Analysis
Short Term Liabilities: GVR's short term assets (€946.0M) exceed its short term liabilities (€99.8M).
Long Term Liabilities: GVR's short term assets (€946.0M) exceed its long term liabilities (€319.0K).
Debt to Equity History and Analysis
Debt Level: GVR's debt to equity ratio (4.6%) 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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GVR's interest payments on its debt are well covered by EBIT (11.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Glenveagh Properties's current dividend yield, its reliability and sustainability?
2.75%
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GVR's dividend in 3 years as they are not forecast to pay a notable one for the Irish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Stephen Garvey (40yo)
0.92
Tenure
€750,439
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 201 ...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD849.01K) is about average for companies of similar size in the Irish market ($USD1.20M).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | no data | €480.60k | 0.31% €2.0m | |
| Co-Founder | 0.92yr | €750.44k | 1.52% €9.7m | |
| CFO & Executive Director | 0.67yr | €362.42k | 0.0027% €17.0k | |
| Group Company Secretary | no data | no data | no data | |
| Director of Strategy & Investor Relations | 2.42yrs | no data | no data | |
| Chief Commercial Officer | 2.5yrs | no data | no data | |
| Head of Planning | 2.42yrs | no data | no data | |
| Chief Development Officer of Glenveagh Living | no data | no data | no data | |
| Head of Suburban Delivery | no data | no data | no data | |
| Construction Director of Urban Developments | no data | no data | no data |
2.4yrs
Average Tenure
40yo
Average Age
Experienced Management: GVR's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | no data | €480.60k | 0.31% €2.0m | |
| Co-Founder | 0.92yr | €750.44k | 1.52% €9.7m | |
| CFO & Executive Director | 0.67yr | €362.42k | 0.0027% €17.0k | |
| Independent Non-Executive Director | 3.5yrs | €75.00k | 0.16% €1.0m | |
| Independent Non-Executive Director | 0.83yr | €20.00k | 0.0080% €51.1k | |
| Independent Non-Executive Director | 3.5yrs | €75.00k | 0.040% €255.5k | |
| Independent Non-Executive Director | 1.5yrs | €20.00k | no data | |
| Senior Independent Non-Executive Director | no data | €90.00k | 0.013% €80.2k |
2.5yrs
Average Tenure
67yo
Average Age
Experienced Board: GVR's board of directors are not considered experienced ( 2.5 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.
Top Shareholders
Company Information
Glenveagh Properties PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Glenveagh Properties PLC
- Ticker: GVR
- Exchange: ISE
- Founded: 2003
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: €636.073m
- Shares outstanding: 871.33m
- Website: https://www.glenveagh.ie
Number of Employees
Location
- Glenveagh Properties PLC
- 15 Merrion Square North
- Dublin
- Co. Dublin
- 2
- Ireland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GVR | ISE (Irish Stock Exchange) | Yes | Ordinary Shares | IE | EUR | Oct 2017 |
| GLV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 2017 |
| GLVL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 2017 |
| GVR | MUN (Boerse Muenchen) | Yes | Ordinary Shares | DE | EUR | Oct 2017 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/11 21:01 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.