BIT:NR

Stock Analysis Report

Executive Summary

Nova Re SIIQ S.p.A. engages in the real estate investment business in Italy.

Snowflake

Fundamentals

Reasonable growth potential and slightly overvalued.

Share Price & News

How has Nova Re SIIQ's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

NR

-2.1%

IT Real Estate

0.5%

IT Market


1 Year Return

-17.8%

NR

-33.9%

IT Real Estate

11.6%

IT Market

Return vs Industry: NR exceeded the Italian Real Estate industry which returned -33.9% over the past year.

Return vs Market: NR underperformed the Italian Market which returned 11.6% over the past year.


Shareholder returns

NRIndustryMarket
7 Day-1.3%-2.1%0.5%
30 Day-13.8%-6.3%0.1%
90 Day-6.0%-4.8%1.7%
1 Year-16.3%-17.8%-20.0%-33.9%16.5%11.6%
3 Year-43.9%-46.0%-18.5%-39.7%25.2%8.0%
5 Year-84.8%-85.3%-64.2%-80.4%21.3%-26.0%

Price Volatility Vs. Market

How volatile is Nova Re SIIQ's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nova Re SIIQ undervalued compared to its fair value and its price relative to the market?

25.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: NR (€3.74) is trading above our estimate of fair value (€2.9)

Significantly Undervalued: NR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NR is poor value based on its PE Ratio (25.8x) compared to the Real Estate industry average (11x).

PE vs Market: NR is poor value based on its PE Ratio (25.8x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

Low PEG Ratio: NR is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: NR is good value based on its PB Ratio (0.6x) compared to the IT Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Nova Re SIIQ forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

27.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NR's forecast earnings growth (27.2% per year) is above the savings rate (2.9%).

Earnings vs Market: NR's earnings (27.2% per year) are forecast to grow faster than the Italian market (8.5% per year).

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

Revenue vs Market: NR's revenue (15.3% per year) is forecast to grow faster than the Italian market (3% per year).

High Growth Revenue: NR's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if NR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Nova Re SIIQ performed over the past 5 years?

62.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NR has become profitable over the past 5 years, growing earnings by 62.7% per year.

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

Earnings vs Industry: NR had negative earnings growth (-29.1%) over the past year, making it difficult to compare to the Real Estate industry average (5.6%).


Return on Equity

High ROE: NR's Return on Equity (2.3%) is considered low.


Return on Assets

ROA vs Industry: NR's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: NR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Nova Re SIIQ's financial position?


Financial Position Analysis

Short Term Liabilities: NR's short term assets (€22.6M) exceeds its short term liabilities (€10.9M)

Long Term Liabilities: NR's short term assets (22.6M) do not cover its long term liabilities (62.2M)


Debt to Equity History and Analysis

Debt Level: NR's debt to equity ratio (99.6%) is considered high

Reducing Debt: NR's debt to equity ratio has reduced from 814.2% to 99.6% over the past 5 years.

Debt Coverage: NR's debt is not well covered by operating cash flow (0.4%).

Interest Coverage: Insufficient data to determine if NR's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: NR's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Nova Re SIIQ's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%4.4%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if NR'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 NR's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

What is the CEO of Nova Re SIIQ's salary, the management and board of directors tenure and is there insider trading?


CEO

Stefano Cervone (51yo)

0yrs

Tenure

0

Dr. Stefano Cervone serves as Chief Executive Officer of Nova Re SIIQ S.p.A. Dr. Cervone serves as Vice President of Sorgente Group of America Corp. Dr. Cervone has been General Manager of Sorgente SGR sin ...


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

  • Gianluca Latini

    Managing Director

    • Tenure: 0yrs
    • Compensation: €81.00k
  • Oriana Draghetti

    Managing Director

    • Tenure: 0yrs
    • Compensation: €77.00k
  • Stefano Cervone (51yo)

    CEO & Director

    • Tenure: 0yrs
  • Gabriele Cerminara (45yo)

    Executive Director

    • Tenure: 0yrs
    • Compensation: €7.50k
  • Paolo Cantatore

    Chief Reporting Officer

    • Tenure: 0yrs

Board Members

  • Maria Mosconi (57yo)

    Independent Director

    • Tenure: 0yrs
  • Marino Marrazza

    Chairman of the Board of Statutory Auditors

    • Tenure: 5.3yrs
    • Compensation: €22.50k
  • Stefano Cervone (51yo)

    CEO & Director

    • Tenure: 0yrs
  • Antonio Ferraioli

    Statutory Auditor

    • Tenure: 5.3yrs
  • Francesco Marella

    Director

    • Tenure: 0yrs
    • Compensation: €9.00k
  • Lara Livolsi (45yo)

    Independent Director

    • Tenure: 0yrs
  • Gabriele Cerminara (45yo)

    Executive Director

    • Tenure: 0yrs
    • Compensation: €7.50k
  • Antonio Caporale (68yo)

    Chairman of the Board

    • Tenure: 0yrs
  • Enrico Berton (54yo)

    Director

    • Tenure: 0yrs
  • Giuliana Converti

    Statutory Auditor

    • Tenure: 0yrs

Company Information

Nova Re SIIQ S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nova Re SIIQ S.p.A.
  • Ticker: NR
  • Exchange: BIT
  • Founded:
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: €41.099m
  • Shares outstanding: 10.99m
  • Website: https://www.novare.it

Location

  • Nova Re SIIQ S.p.A.
  • Via del Tritone, 132
  • Rome
  • Rome
  • 187
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRBIT (Borsa Italiana)YesOrdinary SharesITEURMar 1998

Biography

Nova Re SIIQ S.p.A. engages in the real estate investment business in Italy. It focused on investment in hospitality assets such as hotels, healthcare housing, student housing, and senior housing. The comp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:38
End of Day Share Price2019/10/18 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.