OB:ENTRA

Stock Analysis Report

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Executive Summary

Entra ASA owns, develops, leases, and manages office properties in Norway.


Snowflake Analysis

Second-rate dividend payer and slightly overvalued.

Share Price & News

How has Entra's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ENTRA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

ENTRA

0.5%

NO Real Estate

0.8%

NO Market


1 Year Return

-4.9%

ENTRA

-0.9%

NO Real Estate

-18.8%

NO Market

Return vs Industry: ENTRA underperformed the Norwegian Real Estate industry which returned -0.9% over the past year.

Return vs Market: ENTRA exceeded the Norwegian Market which returned -18.8% over the past year.


Shareholder returns

ENTRAIndustryMarket
7 Day2.7%0.5%0.8%
30 Day-5.5%0.5%-5.5%
90 Day-1.3%16.2%7.6%
1 Year-1.5%-4.9%2.7%-0.9%-16.4%-18.8%
3 Year36.9%22.6%24.1%13.8%-7.1%-0.6%
5 Year103.5%69.0%65.5%39.1%31.3%4.5%

Price Volatility Vs. Market

How volatile is Entra's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Entra undervalued compared to its fair value and its price relative to the market?

9.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENTRA (NOK126.3) is trading above our estimate of fair value (NOK48.21)

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


Price To Earnings Ratio

PE vs Industry: ENTRA is good value based on its PE Ratio (9.9x) compared to the Real Estate industry average (10.7x).

PE vs Market: ENTRA is good value based on its PE Ratio (9.9x) compared to the Norwegian market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: ENTRA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ENTRA is overvalued based on its PB Ratio (1x) compared to the NO Real Estate industry average (0.9x).


Next Steps

Future Growth

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

-13.8%

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 (-13.8% per year).

Earnings vs Market: ENTRA's earnings are forecast to decline over the next 3 years (-13.8% per year).

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

Revenue vs Market: ENTRA's revenue (0.2% per year) is forecast to grow slower than the Norwegian market (5.9% per year).

High Growth Revenue: ENTRA's revenue (0.2% 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 (4.6%).


Next Steps

Past Performance

How has Entra performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENTRA has a large one-off gain of NOK1.4B impacting its March 31 2020 financial results.

Growing Profit Margin: ENTRA's current net profit margins (87.3%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ENTRA's earnings have grown by 5.4% 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 (-6.8%) over the past year, making it difficult to compare to the Real Estate industry average (12.7%).


Return on Equity

High ROE: ENTRA's Return on Equity (10.5%) is considered low.


Next Steps

Financial Health

How is Entra's financial position?


Financial Position Analysis

Short Term Liabilities: ENTRA's short term assets (NOK988.0M) do not cover its short term liabilities (NOK3.1B).

Long Term Liabilities: ENTRA's short term assets (NOK988.0M) do not cover its long term liabilities (NOK24.2B).


Debt to Equity History and Analysis

Debt Level: ENTRA's debt to equity ratio (79.7%) is considered high.

Reducing Debt: ENTRA's debt to equity ratio has reduced from 107.8% to 79.7% over the past 5 years.

Debt Coverage: ENTRA's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: ENTRA's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

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

3.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENTRA's dividend (3.8%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.94%).

High Dividend: ENTRA's dividend (3.8%) is low compared to the top 25% of dividend payers in the Norwegian market (7.06%).


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 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.8%), ENTRA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENTRA's dividends in 3 years are forecast to be covered by earnings (77.2% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Sonja Horn (47yo)

1

Tenure

kr4,759,000

Compensation

Ms. Sonja Horn serves as a Chief Executive Officer at Entra ASA since July 7, 2019. She is the Owner of Horn Collection DA and Artha Holding AS. Ms. Horn served as a Executive Vice President of Property Ma ...


CEO Compensation Analysis

Compensation vs Market: Sonja's total compensation ($USD506.58K) is about average for companies of similar size in the Norwegian market ($USD516.27K).

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

NamePositionTenureCompensationOwnership
Sonja Horn
Chief Executive Officer1yrkr4.76m0.016% NOK3.6m
Anders Olstad
Deputy CEO & CFO4.75yrskr4.12m0.033% NOK7.5m
Kjetil Hoff
Chief Operating Officer1.5yrskr2.34m0.0011% NOK246.0k
Kristine Hilberg
Executive Vice President of Human Resources & Organisation0.58yrkr1.84m0.0021% NOK480.5k
Åse Lunde
Executive Vice President of Digitalisation & Business Development1.58yrskr2.46m0.0033% NOK758.7k
Per Ulseth
Executive Vice President of Project Development1.83yrskr2.74m0.0022% NOK498.9k
Linnea Scharning
Operations Managerno datakr40.00kno data
Tore Bakken
Executive Vice President of Market & Commercial Real Estate Development1.5yrskr2.92m0.0010% NOK229.9k
Tore Lia
Head of Finance & Investments0.50yrno datano data
Kristian Hafsteen
Vice President of Finance & Accounting9.42yrsno datano data

1.5yrs

Average Tenure

48yo

Average Age

Experienced Management: ENTRA's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Siri Hatlen
Independent Chair of the Board7.58yrskr510.00k0.00064% NOK147.1k
Benedicte Fasmer
Director0.25yrno datano data
Kjell Bjordal
Independent Deputy Chair of the Board4.25yrskr293.00k0.027% NOK6.3m
Widar Salbuvik
Director4.25yrskr301.00k0.0055% NOK1.3m
Ingrid Hovland
Board Member3.25yrskr231.00kno data
Camilla Aldona Tepfers
Director1.25yrskr159.00kno data
Erling Nedkvitne
Employee Representative Director2.17yrskr231.00k0.0060% NOK1.4m
Mariann Larsen
Employee Representative Director1.33yrskr191.00k0.0017% NOK393.1k

2.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ENTRA's board of directors are not considered experienced ( 2.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Entra ASA's company bio, 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
  • Market Cap: kr22.990b
  • Shares outstanding: 182.03m
  • Website: https://www.entra.no

Number of Employees


Location

  • Entra ASA
  • Biskop Gunnerus gate 14 A
  • 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

Biography

Entra ASA owns, develops, leases, and manages office properties in Norway. As of December 31, 2019, it had a property portfolio of 89 properties totalling approximately 1.3 million square meters. The company was founded in 2000 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 Analysis2020/07/06 20:47
End of Day Share Price2020/07/06 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.