Self Storage Group ASA engages in the rental of self-storage units to private individuals and businesses in Norway, Sweden, and Denmark.
Mediocre balance sheet with limited growth.
Share Price & News
How has Self Storage Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSG has not had significant price volatility in the past 3 months.
7 Day Return
NO Commercial Services
1 Year Return
NO Commercial Services
Return vs Industry: SSG exceeded the Norwegian Commercial Services industry which returned -18.8% over the past year.
Return vs Market: SSG exceeded the Norwegian Market which returned -17.6% over the past year.
Price Volatility Vs. Market
How volatile is Self Storage Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StShould You Be Tempted To Sell Self Storage Group ASA (OB:SSG) Because Of Its P/E Ratio?
2 weeks ago | Simply Wall StIs It Too Late To Consider Buying Self Storage Group ASA (OB:SSG)?
1 month ago | Simply Wall StSelf Storage Group ASA (OB:SSG) Insiders Have Been Selling
Is Self Storage Group 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: SSG (NOK24.5) is trading above our estimate of fair value (NOK0.85)
Significantly Below Fair Value: SSG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SSG is poor value based on its PE Ratio (29.4x) compared to the Commercial Services industry average (14.1x).
PE vs Market: SSG is poor value based on its PE Ratio (29.4x) compared to the Norwegian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: SSG is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: SSG is overvalued based on its PB Ratio (1.9x) compared to the XE Commercial Services industry average (1.4x).
How is Self Storage Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSG's forecast earnings growth (8.6% per year) is above the savings rate (1.6%).
Earnings vs Market: SSG's earnings (8.6% per year) are forecast to grow slower than the Norwegian market (34.8% per year).
High Growth Earnings: SSG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SSG's revenue (9.4% per year) is forecast to grow faster than the Norwegian market (5% per year).
High Growth Revenue: SSG's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SSG's Return on Equity is forecast to be low in 3 years time (6.8%).
How has Self Storage Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSG has a large one-off loss of NOK40.5M impacting its March 31 2020 financial results.
Growing Profit Margin: SSG's current net profit margins (23.8%) are lower than last year (33.5%).
Past Earnings Growth Analysis
Earnings Trend: SSG's earnings have grown significantly by 26.2% per year over the past 5 years.
Accelerating Growth: SSG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SSG had negative earnings growth (-18.8%) over the past year, making it difficult to compare to the Commercial Services industry average (8%).
Return on Equity
High ROE: SSG's Return on Equity (6.1%) is considered low.
How is Self Storage Group's financial position?
Financial Position Analysis
Short Term Liabilities: SSG's short term assets (NOK156.1M) do not cover its short term liabilities (NOK230.1M).
Long Term Liabilities: SSG's short term assets (NOK156.1M) do not cover its long term liabilities (NOK864.4M).
Debt to Equity History and Analysis
Debt Level: SSG's debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SSG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SSG's debt is well covered by operating cash flow (34.3%).
Interest Coverage: SSG's interest payments on its debt are well covered by EBIT (5.3x coverage).
What is Self Storage Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SSG'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 SSG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SSG'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 SSG's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Fabian Emil Søbak has been the Chief Executive Officer at Self Storage Group ASA since 2016. Mr. Søbak co-founded OK Minilager AS together with his father, Gustav Søbak, in 2009. Since then, he has hel ...
CEO Compensation Analysis
Compensation vs Market: Fabian's total compensation ($USD53.23K) is below average for companies of similar size in the Norwegian market ($USD443.00K).
Compensation vs Earnings: Fabian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Executive Officer||4.33yrs||kr535.00k||no data|
|Chief Financial Officer||5.33yrs||kr1.40m||0.72% NOK14.9m|
|COO & Director||3.5yrs||kr100.00k||no data|
|General Manager of CSS||3.33yrs||kr1.59m||0.047% NOK979.9k|
|Group Financial Controller||no data||no data||no data|
Experienced Management: SSG's management team is considered experienced (4.3 years average tenure).
|COO & Director||3.5yrs||kr100.00k||no data|
|Director||2yrs||no data||0.012% NOK254.5k|
Experienced Board: SSG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.3%.
Self Storage Group ASA's company bio, employee growth, exchange listings and data sources
- Name: Self Storage Group ASA
- Ticker: SSG
- Exchange: OB
- Founded: 1993
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: kr2.066b
- Shares outstanding: 84.33m
- Website: https://www.selfstoragegroup.no
Number of Employees
- Self Storage Group ASA
- Karenslyst AllE 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SSG||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Oct 2017|
|SSGO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Oct 2017|
Self Storage Group ASA engages in the rental of self-storage units to private individuals and businesses in Norway, Sweden, and Denmark. The company operates through OK Minilager, City Self-Storage, and Property segments. It operates climate controlled storage units and container based storage units. The company also retails storage ancillary goods, such as boxes, tapes, and bubble-wraps; distributes insurance products; and invests in real estate properties. As of December 31, 2019, it operated 111 facilities with a total lettable area of 137,500 square meters across Scandinavia. The company was founded in 1993 and is headquartered in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 00:20|
|End of Day Share Price||2020/05/25 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.