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ENTR

Entra OB:ENTRA Stock Report

Last Price

kr107.20

Market Cap

kr19.5b

7D

4.8%

1Y

-41.5%

Updated

03 Oct, 2022

Data

Company Financials +

Entra Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Entra
Historical stock prices
Current Share Pricekr107.20
52 Week Highkr216.00
52 Week Lowkr96.05
Beta1.04
1 Month Change-17.79%
3 Month Change-18.60%
1 Year Change-41.49%
3 Year Change-22.32%
5 Year Change-1.65%
Change since IPO60.00%

Recent News & Updates

Shareholder Returns

ENTRANO Real EstateNO Market
7D4.8%-1.4%-0.1%
1Y-41.5%-28.2%-5.4%

Return vs Industry: ENTRA underperformed the Norwegian Real Estate industry which returned -28.2% over the past year.

Return vs Market: ENTRA underperformed the Norwegian Market which returned -5.4% over the past year.

Price Volatility

Is ENTRA's price volatile compared to industry and market?
ENTRA volatility
ENTRA Average Weekly Movement5.7%
Real Estate Industry Average Movement5.3%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

Stable Share Price: ENTRA is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ENTRA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000196Sonja Hornhttps://www.entra.no

Entra ASA owns, develops, leases, and manages office properties in Norway. As of December 31, 2021, it had a property portfolio of 96 properties with a total area of approximately 1.5 million square meters. The company was founded in 2000 and is headquartered in Oslo, Norway.

Entra Fundamentals Summary

How do Entra's earnings and revenue compare to its market cap?
ENTRA fundamental statistics
Market Capkr19.52b
Earnings (TTM)kr5.64b
Revenue (TTM)kr2.85b

3.5x

P/E Ratio

6.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENTRA income statement (TTM)
Revenuekr2.85b
Cost of Revenuekr244.00m
Gross Profitkr2.61b
Other Expenses-kr3.02b
Earningskr5.64b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 19, 2022

Earnings per share (EPS)30.94
Gross Margin91.45%
Net Profit Margin197.44%
Debt/Equity Ratio113.6%

How did ENTRA perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

8%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ENTRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENTRA?

Other financial metrics that can be useful for relative valuation.

ENTRA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue21.5x
Enterprise Value/EBITDA25.4x
PEG Ratio-0.06x

Price to Earnings Ratio vs Peers

How does ENTRA's PE Ratio compare to its peers?

ENTRA PE Ratio vs Peers
The above table shows the PE ratio for ENTRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.1x
OLT Olav Thon Eiendomsselskap
3.4x-45.5%kr18.6b
VIEI Victoria Eiendom
8xn/akr6.7b
EISP Eiendomsspar
9.4xn/akr12.3b
AURA Aurora Eiendom
3.6x-47.5%kr2.3b
ENTRA Entra
3.5x-59.6%kr19.5b

Price-To-Earnings vs Peers: ENTRA is good value based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

How does ENTRA's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: ENTRA is good value based on its Price-To-Earnings Ratio (3.5x) compared to the European Real Estate industry average (7.1x)


Price to Earnings Ratio vs Fair Ratio

What is ENTRA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENTRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.5x
Fair PE Ratio4.4x

Price-To-Earnings vs Fair Ratio: ENTRA is good value based on its Price-To-Earnings Ratio (3.5x) compared to the estimated Fair Price-To-Earnings Ratio (4.4x).


Share Price vs Fair Value

What is the Fair Price of ENTRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENTRA (NOK107.2) is trading above our estimate of fair value (NOK82.54)

Significantly Below Fair Value: ENTRA is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-59.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENTRA's earnings are forecast to decline over the next 3 years (-59.6% per year).

Earnings vs Market: ENTRA's earnings are forecast to decline over the next 3 years (-59.6% per year).

High Growth Earnings: ENTRA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ENTRA's revenue (7.7% per year) is forecast to grow faster than the Norwegian market (0.3% per year).

High Growth Revenue: ENTRA's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENTRA's Return on Equity is forecast to be low in 3 years time (3.3%).


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Past Performance

How has Entra performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENTRA has a large one-off gain of NOK5.3B impacting its June 30 2022 financial results.

Growing Profit Margin: ENTRA's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ENTRA's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: ENTRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ENTRA had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Real Estate industry average (-13.5%).


Return on Equity

High ROE: ENTRA's Return on Equity (16.9%) is considered low.


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Financial Health

How is Entra's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENTRA's short term assets (NOK1.1B) do not cover its short term liabilities (NOK3.7B).

Long Term Liabilities: ENTRA's short term assets (NOK1.1B) do not cover its long term liabilities (NOK46.8B).


Debt to Equity History and Analysis

Debt Level: ENTRA's net debt to equity ratio (113.2%) is considered high.

Reducing Debt: ENTRA's debt to equity ratio has increased from 105.6% to 113.6% over the past 5 years.

Debt Coverage: ENTRA's debt is not well covered by operating cash flow (4.1%).

Interest Coverage: ENTRA's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


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Dividend

What is Entra current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.85%

Current Dividend Yield

Dividend Yield vs Market

Entra Dividend Yield vs Market
How does Entra dividend yield compare to the market?
SegmentDividend Yield
Company (Entra)4.9%
Market Bottom 25% (NO)3.8%
Market Top 25% (NO)8.0%
Industry Average (Real Estate)4.1%
Analyst forecast in 3 Years (Entra)4.5%

Notable Dividend: ENTRA's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.8%).

High Dividend: ENTRA's dividend (4.85%) is low compared to the top 25% of dividend payers in the Norwegian market (7.95%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ENTRA has been paying a dividend for less than 10 years.

Growing Dividend: ENTRA's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.4%), ENTRA's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (57.8%), ENTRA's dividend payments are covered by cash flows.


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Management

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

3.8yrs

Average management tenure


CEO

Sonja Horn (49 yo)

3.25yrs

Tenure

kr7,664,000

Compensation

Ms. Sonja Horn serves as the Chief Executive Officer at Entra ASA since July 1, 2019. She is the Owner of Horn Collection DA and Artha Holding AS. Ms. Horn served as a Executive Vice President of Property...


CEO Compensation Analysis

Sonja Horn's Compensation vs Entra Earnings
How has Sonja Horn's remuneration changed compared to Entra's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr6b

Mar 31 2022n/an/a

kr7b

Dec 31 2021kr8mkr4m

kr5b

Sep 30 2021n/an/a

kr6b

Jun 30 2021n/an/a

kr7b

Mar 31 2021n/an/a

kr6b

Dec 31 2020kr6mkr4m

kr5b

Sep 30 2020n/an/a

kr3b

Jun 30 2020n/an/a

kr2b

Mar 31 2020n/an/a

kr2b

Dec 31 2019kr5mkr3m

kr3b

Sep 30 2019n/an/a

kr3b

Jun 30 2019n/an/a

kr3b

Mar 31 2019n/an/a

kr2b

Dec 31 2018kr3mkr2m

kr3b

Sep 30 2018n/an/a

kr3b

Jun 30 2018n/an/a

kr4b

Mar 31 2018n/an/a

kr4b

Dec 31 2017kr9mkr2m

kr4b

Sep 30 2017n/an/a

kr4b

Jun 30 2017n/an/a

kr4b

Mar 31 2017n/an/a

kr3b

Dec 31 2016kr3mkr2m

kr3b

Sep 30 2016n/an/a

kr2b

Jun 30 2016n/an/a

kr2b

Mar 31 2016n/an/a

kr2b

Dec 31 2015kr3mkr2m

kr3b

Compensation vs Market: Sonja's total compensation ($USD717.24K) is about average for companies of similar size in the Norwegian market ($USD853.50K).

Compensation vs Earnings: Sonja's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: ENTRA's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: ENTRA's board of directors are considered experienced (4.4 years average tenure).


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

OB:ENTRA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
13 May 22Buykr150,004Sonja HornIndividual1,127kr133.10

Ownership Breakdown

What is the ownership structure of ENTRA?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders239,9530.1%
General Public27,270,66115.0%
Public Companies66,645,08636.6%
Institutions87,976,35548.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 83.88% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.59%
Fastighets AB Balder (publ)
66,645,086NOK7.1b0%no data
33.3%
Castellum AB (publ)
60,649,974NOK6.5b0%100%
2.8%
Skandinaviska Enskilda Banken AB, Private Banking, Investment Banking, and Insurance Arm
5,099,698NOK546.7m0%1%
1.3%
BlackRock, Inc.
2,363,156NOK253.3m-1.09%no data
1.2%
The Vanguard Group, Inc.
2,185,585NOK234.3m0%no data
0.98%
Xact Kapitalförvaltning AB
1,780,135NOK190.8m0%0.17%
0.93%
Storebrand Asset Management AS
1,693,412NOK181.5m0%0.18%
0.9%
Danske Capital AS
1,639,189NOK175.7m0%0.13%
0.8%
BNPP Asset Management Holding
1,457,056NOK156.2m0%0.03%
0.73%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
1,337,463NOK143.4m0%0.01%
0.7%
Folketrygdfondet
1,274,924NOK136.7m0%0.09%
0.57%
Telenor Pensjonskasse
1,043,014NOK111.8m0%68.3%
0.56%
KLP Kapitalforvaltning AS
1,013,481NOK108.6m0%0.05%
0.44%
DNB Asset Management AS
798,270NOK85.6m0%0.03%
0.37%
MP Pensjon
679,595NOK72.9m0%1.39%
0.3%
State Street Global Advisors, Inc.
548,737NOK58.8m-3.51%no data
0.26%
Columbia Management Investment Advisers, LLC
468,400NOK50.2m0%no data
0.22%
Nordea Investment Management AB
402,799NOK43.2m1.34%no data
0.19%
Eaton Vance Management
342,667NOK36.7m2.3%no data
0.15%
Northern Trust Global Investments
270,509NOK29.0m0.49%no data
0.14%
Boston Partners Global Investors, Inc.
260,000NOK27.9m0%no data
0.13%
Deutsche Asset & Wealth Management
240,693NOK25.8m-4.92%no data
0.12%
BNPP Asset Management France
225,137NOK24.1m-0.72%0.01%
0.097%
Danske Bank A/S, Asset Management Arm
176,647NOK18.9m0%0.03%
0.096%
Charles Schwab Investment Management, Inc.
175,194NOK18.8m1.1%no data

Company Information

Entra ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Entra ASA
  • Ticker: ENTRA
  • Exchange: OB
  • Founded: 2000
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: kr19.525b
  • Shares outstanding: 182.13m
  • Website: https://www.entra.no

Number of Employees


Location

  • Entra ASA
  • Biskop Gunnerus' gate 14A
  • Oslo
  • Oslo
  • 185
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENTRAOB (Oslo Bors)YesOrdinary SharesNONOKOct 2014
2ENDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2014
0R3YLSE (London Stock Exchange)YesOrdinary SharesGBNOKOct 2014
ENTRAOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKOct 2014
ENTO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.