Novus Properties Ltd engages in property investment and development activities in Mauritius.
Price History & Performance
|Historical stock prices|
|Current Share Price||MU₨10.60|
|52 Week High||MU₨9.50|
|52 Week Low||MU₨11.00|
|1 Month Change||0%|
|3 Month Change||-3.64%|
|1 Year Change||11.58%|
|3 Year Change||11.58%|
|5 Year Change||36.95%|
|Change since IPO||53.62%|
Recent News & Updates
|NOV.I0000||MU Real Estate||MU Market|
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.
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
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
|NOV.I0000 fundamental statistics|
Is NOV.I0000 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOV.I0000 income statement (TTM)|
|Cost of Revenue||MU₨0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.46|
|Net Profit Margin||41.82%|
How did NOV.I0000 perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
Is Novus Properties undervalued compared to its fair value and its price relative to the market?
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).
How is Novus Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Novus Properties performed over the past 5 years?
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.
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).
What is Novus Properties's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board 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...
Experienced Board: NOV.I0000's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Novus Properties Ltd's employee growth, exchange listings and data sources
- 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
- Novus Properties Ltd
- Dias Pier Building
- 6th/7th Floor
- Port Louis
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/13 15:52|
|End of Day Share Price||2021/10/13 00:00|
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.