Baltic Sea Properties AS, together with its subsidiaries, engages in the commercial real estate business in the Baltics.
Mediocre balance sheet not a dividend payer.
Share Price & News
How has Baltic Sea Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BALT-ME's share price has been volatile over the past 3 months.
7 Day Return
NO Real Estate
1 Year Return
NO Real Estate
Return vs Industry: BALT-ME underperformed the Norwegian Real Estate industry which returned -1.9% over the past year.
Return vs Market: BALT-ME exceeded the Norwegian Market which returned -17.9% over the past year.
Price Volatility Vs. Market
How volatile is Baltic Sea Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StCan We See Significant Insider Ownership On The Baltic Sea Properties AS (OB:BALT-ME) Share Register?
5 months ago | Simply Wall StLooking For Steady Income For Your Dividend Portfolio? Is Baltic Sea Properties AS (OB:BALT-ME) A Good Fit?
6 months ago | Simply Wall StThese 4 Measures Indicate That Baltic Sea Properties (OB:BALT-ME) Is Using Debt In A Risky Way
Is Baltic Sea Properties undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: BALT-ME (NOK30.2) is trading above our estimate of fair value (NOK5.03)
Significantly Below Fair Value: BALT-ME is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BALT-ME is unprofitable, so we can't compare its PE Ratio to the NO Real Estate industry average.
PE vs Market: BALT-ME is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BALT-ME's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BALT-ME is overvalued based on its PB Ratio (1.1x) compared to the NO Real Estate industry average (0.9x).
How is Baltic Sea 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 Baltic Sea 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.
- Take a look at our analysis of BALT-ME’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Baltic Sea Properties competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Baltic Sea Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BALT-ME is currently unprofitable.
Growing Profit Margin: BALT-ME is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BALT-ME is unprofitable, and losses have increased over the past 5 years at a rate of -61.8% per year.
Accelerating Growth: Unable to compare BALT-ME's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BALT-ME is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (12.7%).
Return on Equity
High ROE: BALT-ME has a negative Return on Equity (-22.45%), as it is currently unprofitable.
How is Baltic Sea Properties's financial position?
Financial Position Analysis
Short Term Liabilities: BALT-ME's short term assets (NOK97.9M) do not cover its short term liabilities (NOK277.0M).
Long Term Liabilities: BALT-ME's short term assets (NOK97.9M) do not cover its long term liabilities (NOK208.9M).
Debt to Equity History and Analysis
Debt Level: BALT-ME's debt to equity ratio (206.4%) is considered high.
Reducing Debt: BALT-ME's debt to equity ratio has reduced from 298.9% to 206.4% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BALT-ME has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: BALT-ME has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 43.3% each year.
What is Baltic Sea Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BALT-ME's dividend (3.31%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.96%).
High Dividend: BALT-ME's dividend (3.31%) is low compared to the top 25% of dividend payers in the Norwegian market (7.1%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BALT-ME has been paying a dividend for less than 10 years.
Growing Dividend: BALT-ME has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: BALT-ME is paying a dividend but the company is unprofitable.
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. Lars Christian Berger serves as Chief Executive Officer of Baltic Sea Properties AS since November 2017. He is experienced from finance and real estate management. He has worked as asset manager for se ...
|Director||no data||no data||5.16% NOK10.4m|
|Director||5.5yrs||no data||0.23% NOK459.0k|
|Chairman of the Board||2.17yrs||no data||no data|
|Director||2.17yrs||no data||no data|
|Director||2.75yrs||no data||no data|
Experienced Board: BALT-ME's board of directors are not considered experienced ( 2.5 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 not been meaningfully diluted in the past year.
Baltic Sea Properties AS's company bio, employee growth, exchange listings and data sources
- Name: Baltic Sea Properties AS
- Ticker: BALT-ME
- Exchange: OB
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr201.368m
- Shares outstanding: 6.67m
- Website: https://www.balticsea.no
- Baltic Sea Properties AS
- Rosenkrantz’ 20
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BALT-ME||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Nov 2017|
Baltic Sea Properties AS, together with its subsidiaries, engages in the commercial real estate business in the Baltics. It develops, rents out, and manages primarily logistics, industrial, and retail properties. The company is based in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/10 20:53|
|End of Day Share Price||2020/07/10 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.