Baltic Sea Properties AS, together with its subsidiaries, engages in the commercial real estate business in the Baltics.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr50.50|
|52 Week High||kr45.00|
|52 Week Low||kr65.00|
|1 Month Change||1.41%|
|3 Month Change||0%|
|1 Year Change||3.06%|
|3 Year Change||37.98%|
|5 Year Change||n/a|
|Change since IPO||5.21%|
Recent News & Updates
|BALT||NO Real Estate||NO Market|
Return vs Industry: BALT underperformed the Norwegian Real Estate industry which returned 36.1% over the past year.
Return vs Market: BALT underperformed the Norwegian Market which returned 26.4% over the past year.
Stable Share Price: Insufficient data to determine BALT's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine BALT's volatility change over the past year.
About the Company
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.
Baltic Sea Properties Fundamentals Summary
|BALT fundamental statistics|
Is BALT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BALT income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 18, 2021
|Earnings per share (EPS)||4.87|
|Net Profit Margin||51.03%|
How did BALT perform over the long term?See historical performance and comparison
3.0%Current Dividend Yield
Is Baltic Sea 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: BALT (NOK50.5) is trading above our estimate of fair value (NOK21.26)
Significantly Below Fair Value: BALT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BALT is poor value based on its PE Ratio (10.4x) compared to the Norwegian Real Estate industry average (8.4x).
PE vs Market: BALT is good value based on its PE Ratio (10.4x) compared to the Norwegian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BALT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BALT is overvalued based on its PB Ratio (1.6x) compared to the NO Real Estate industry average (1.2x).
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.
How has Baltic Sea Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BALT has a large one-off gain of NOK27.2M impacting its June 30 2021 financial results.
Growing Profit Margin: BALT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BALT has become profitable over the past 5 years, growing earnings by 1.3% per year.
Accelerating Growth: BALT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BALT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (95.7%).
Return on Equity
High ROE: BALT's Return on Equity (15.5%) is considered low.
How is Baltic Sea Properties's financial position?
Financial Position Analysis
Short Term Liabilities: BALT's short term assets (NOK95.2M) exceed its short term liabilities (NOK76.0M).
Long Term Liabilities: BALT's short term assets (NOK95.2M) do not cover its long term liabilities (NOK412.5M).
Debt to Equity History and Analysis
Debt Level: BALT's debt to equity ratio (209.1%) is considered high.
Reducing Debt: BALT's debt to equity ratio has reduced from 248.6% to 209.1% over the past 5 years.
Debt Coverage: BALT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BALT's interest payments on its debt are not well covered by EBIT (1.3x coverage).
What is Baltic Sea Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BALT's dividend (2.97%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).
High Dividend: BALT's dividend (2.97%) is low compared to the top 25% of dividend payers in the Norwegian market (5.16%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BALT has been paying a dividend for less than 10 years.
Growing Dividend: BALT's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.8%), BALT's dividend payments are well 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. 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...
Experienced Board: BALT's board of directors are considered experienced (3.6 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Baltic Sea Properties AS's employee growth, exchange listings and data sources
- Name: Baltic Sea Properties AS
- Ticker: BALT
- Exchange: OB
- Founded: NaN
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr336.725m
- Shares outstanding: 6.67m
- Website: https://www.balticsea.no
Number of Employees
- Baltic Sea Properties AS
- Tjuvholmen allE 3
- 6th floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 16:20|
|End of Day Share Price||2021/09/20 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.