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NOV.

Novus PropertiesMUSE:NOV.I0000 Stock Report

Market Cap

MU₨146.1m

7D

0%

1Y

11.6%

Updated

13 Oct, 2021

Data

Company Financials
NOV.I0000 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends3/6

NOV.I0000 Overview

Novus Properties Ltd engages in property investment and development activities in Mauritius.

Price History & Performance

Summary of all time highs, changes and price drops for Novus Properties
Historical stock prices
Current Share PriceMU₨10.60
52 Week HighMU₨9.50
52 Week LowMU₨11.00
Beta-0.27
1 Month Change0%
3 Month Change-3.64%
1 Year Change11.58%
3 Year Change11.58%
5 Year Change36.95%
Change since IPO53.62%

Recent News & Updates

Shareholder Returns

NOV.I0000MU Real EstateMU Market
7D0%0.2%3.3%
1Y11.6%3.6%13.3%

Return vs Industry: NOV.I0000 exceeded the MU Real Estate industry which returned 3.6% over the past year.

Return vs Market: NOV.I0000 underperformed the MU Market which returned 13.3% over the past year.

Price Volatility

Is NOV.I0000's price volatile compared to industry and market?
NOV.I0000 volatility
NOV.I0000 Beta-0.27
Industry Beta0.41
Market Beta1

Stable Share Price: NOV.I0000 is less volatile than 75% of MU stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: NOV.I0000's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aOmabhinavsingh Juddoohttps://www.novusproperties.mu

Novus Properties Ltd engages in property investment and development activities in Mauritius. The company develops properties for sale and/or rent purpose. Its portfolio of properties covers office spaces and industrial buildings.

Novus Properties Fundamentals Summary

How do Novus Properties's earnings and revenue compare to its market cap?
NOV.I0000 fundamental statistics
Market CapMU₨146.05m
Earnings (TTM)MU₨6.38m
Revenue (TTM)MU₨15.25m

22.9x

P/E Ratio

9.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOV.I0000 income statement (TTM)
RevenueMU₨15.25m
Cost of RevenueMU₨0
Gross ProfitMU₨15.25m
ExpensesMU₨8.87m
EarningsMU₨6.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.46
Gross Margin100.00%
Net Profit Margin41.82%
Debt/Equity Ratio42.7%

How did NOV.I0000 perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

89%

Payout Ratio

Valuation

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

22.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NOV.I0000 (MUR10.6) is trading above our estimate of fair value (MUR4.02)

Significantly Below Fair Value: NOV.I0000 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NOV.I0000 is poor value based on its PE Ratio (22.9x) compared to the MU Real Estate industry average (19.5x).

PE vs Market: NOV.I0000 is poor value based on its PE Ratio (22.9x) compared to the MU market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NOV.I0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NOV.I0000 is overvalued based on its PB Ratio (1.1x) compared to the MU Real Estate industry average (0.5x).


Future Growth

How is Novus Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.7%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Novus Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Novus Properties performed over the past 5 years?

-15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOV.I0000 has high quality earnings.

Growing Profit Margin: NOV.I0000's current net profit margins (41.8%) are lower than last year (41.8%).


Past Earnings Growth Analysis

Earnings Trend: NOV.I0000's earnings have declined by 15.9% per year over the past 5 years.

Accelerating Growth: NOV.I0000's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NOV.I0000 had negative earnings growth (-0.5%) over the past year, making it difficult to compare to the Real Estate industry average (-20.2%).


Return on Equity

High ROE: NOV.I0000's Return on Equity (4.6%) is considered low.


Financial Health

How is Novus Properties's financial position?


Financial Position Analysis

Short Term Liabilities: NOV.I0000's short term assets (MUR14.8M) exceed its short term liabilities (MUR9.6M).

Long Term Liabilities: NOV.I0000's short term assets (MUR14.8M) do not cover its long term liabilities (MUR59.2M).


Debt to Equity History and Analysis

Debt Level: NOV.I0000's debt to equity ratio (42.7%) is considered high.

Reducing Debt: NOV.I0000's debt to equity ratio has increased from 26.7% to 42.7% over the past 5 years.

Debt Coverage: NOV.I0000's debt is not well covered by operating cash flow (10.5%).

Interest Coverage: NOV.I0000's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

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

3.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NOV.I0000's dividend (3.87%) is higher than the bottom 25% of dividend payers in the MU market (2.11%).

High Dividend: NOV.I0000's dividend (3.87%) is in the top 25% of dividend payers in the MU market (3.75%)


Stability and Growth of Payments

Stable Dividend: NOV.I0000 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NOV.I0000's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.1%), NOV.I0000's payments are 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

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

3.3yrs

Average board tenure


CEO

Omabhinavsingh Juddoo

no data

Tenure

Mr. Omabhinavsingh Juddoo serves as Strategy and Investment Manager at United Investments Ltd. He serves as Managing Director at Novus Properties Ltd and serves as its Executive Director since June 30, 201...


Board Members

Experienced Board: NOV.I0000's board of directors are considered experienced (3.3 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Novus Properties Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Novus Properties Ltd
  • Ticker: NOV.I0000
  • Exchange: MUSE
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: MU₨146.054m
  • Shares outstanding: 13.78m
  • Website: https://www.novusproperties.mu

Location

  • Novus Properties Ltd
  • Dias Pier Building
  • 6th/7th Floor
  • Port Louis
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/13 15:52
End of Day Share Price2021/10/13 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.