OB:SSG

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Executive Summary

Self Storage Group ASA engages in the rental of self-storage units to private individuals and businesses in Norway, Sweden, and Denmark.


Snowflake Analysis

Mediocre balance sheet with limited growth.


Similar Companies

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.


Market Performance


7 Day Return

-0.8%

SSG

3.7%

NO Commercial Services

2.1%

NO Market


1 Year Return

33.2%

SSG

-17.8%

NO Commercial Services

-16.2%

NO Market

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.


Shareholder returns

SSGIndustryMarket
7 Day-0.8%3.7%2.1%
30 Day-5.8%8.7%6.1%
90 Day-14.0%-20.4%-15.1%
1 Year33.2%33.2%-16.2%-17.8%-13.5%-16.2%
3 Yearn/a-21.9%-27.8%-8.8%-3.0%
5 Yearn/a-10.0%-22.3%30.6%3.0%

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

Valuation

Is Self Storage Group undervalued compared to its fair value and its price relative to the market?

29.43x

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).


Next Steps

Future Growth

How is Self Storage Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

8.6%

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%).


Next Steps

Past Performance

How has Self Storage Group performed over the past 5 years?

26.2%

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.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Fabian Søbak

4.33yrs

Tenure

kr535,000

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Fabian Søbak
Chief Executive Officer4.33yrskr535.00kno data
Cecilie Margrethe Hekneby
Chief Financial Officer5.33yrskr1.40m0.72% NOK14.9m
Gustav Søbak
COO & Director3.5yrskr100.00kno data
Isak Larsson
General Manager of CSS3.33yrskr1.59m0.047% NOK979.9k
Bente Myhre
Group Financial Controllerno datano datano data

4.3yrs

Average Tenure

Experienced Management: SSG's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gustav Søbak
COO & Director3.5yrskr100.00kno data
Ingrid Leisner
Director2yrsno data0.012% NOK254.5k
Yvonne Sandvold
Director2.67yrskr100.00kno data
Runar Vatne
Chairman0.33yrkr100.00kno data

2.3yrs

Average Tenure

Experienced Board: SSG's board of directors are not considered experienced ( 2.3 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 been diluted in the past year, with total shares outstanding growing by 28.3%.


Top Shareholders

Company Information

Self Storage Group ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Self Storage Group ASA
  • Karenslyst AllE 2
  • Oslo
  • Oslo
  • 278
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSGOB (Oslo Bors)YesOrdinary SharesNONOKOct 2017
SSGOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKOct 2017

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 00:20
End of Day Share Price2020/05/25 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.