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KMCP

KMC PropertiesOB:KMCP Stock Report

Market Cap

kr2.3b

7D

-3.5%

1Y

n/a

Updated

25 Sep, 2021

Data

Company Financials +
KMCP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health0/6
Dividends0/6

KMCP Overview

KMC Properties ASA, a real estate company, owns and operates industrial and logistics properties.

Price History & Performance

Summary of all time highs, changes and price drops for KMC Properties
Historical stock prices
Current Share Pricekr8.28
52 Week Highkr6.10
52 Week Lowkr15.70
Beta0
1 Month Change10.11%
3 Month Change30.60%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-39.12%

Recent News & Updates

Shareholder Returns

KMCPNO Real EstateNO Market
7D-3.5%-1.3%1.2%
1Yn/a36.1%26.4%

Return vs Industry: Insufficient data to determine how KMCP performed against the Norwegian Real Estate industry.

Return vs Market: Insufficient data to determine how KMCP performed against the Norwegian Market.

Price Volatility

Is KMCP's price volatile compared to industry and market?
KMCP volatility
KMCP Beta0
Industry Beta0.92
Market Beta1

Stable Share Price: KMCP is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KMCP's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20207Liv Malvikhttps://www.kmcp.no

KMC Properties ASA, a real estate company, owns and operates industrial and logistics properties. It owns a portfolio of 39 properties in the Nordics and the Netherlands, as well as an office building in Moscow, Russia. The company was incorporated in 2020 and is headquartered in Trondheim, Norway.

KMC Properties Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
KMCP income statement (TTM)
Revenuekr156.21m
Cost of Revenuekr8.99m
Gross Profitkr147.23m
Expenses-kr265.98m
Earningskr413.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 18, 2021

Earnings per share (EPS)1.48
Gross Margin94.25%
Net Profit Margin264.51%
Debt/Equity Ratio153.8%

How did KMCP perform over the long term?

See historical performance and comparison

Valuation

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

4.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KMCP (NOK8.28) is trading below our estimate of fair value (NOK8.65)

Significantly Below Fair Value: KMCP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: KMCP is good value based on its PE Ratio (5.6x) compared to the Norwegian Real Estate industry average (8.4x).

PE vs Market: KMCP is good value based on its PE Ratio (5.6x) compared to the Norwegian market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KMCP is overvalued based on its PB Ratio (1.7x) compared to the NO Real Estate industry average (1.2x).


Future Growth

How is KMC Properties forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-23.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KMCP's earnings are forecast to decline over the next 3 years (-23% per year).

Earnings vs Market: KMCP's earnings are forecast to decline over the next 3 years (-23% per year).

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

Revenue vs Market: KMCP's revenue (11.8% per year) is forecast to grow faster than the Norwegian market (5.6% per year).

High Growth Revenue: KMCP's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KMCP's Return on Equity is forecast to be low in 3 years time (6.7%).


Past Performance

How has KMC Properties performed over the past 5 years?

2.9%

Historical Real Estate annual earnings growth


Earnings and Revenue History

Quality Earnings: KMCP has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if KMCP's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if KMCP's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare KMCP's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if KMCP's earnings growth over the past year exceeded the Real Estate industry average.


Return on Equity

High ROE: Whilst KMCP's Return on Equity (31.17%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is KMC Properties's financial position?


Financial Position Analysis

Short Term Liabilities: KMCP's short term assets (NOK194.4M) do not cover its short term liabilities (NOK235.6M).

Long Term Liabilities: KMCP's short term assets (NOK194.4M) do not cover its long term liabilities (NOK2.0B).


Debt to Equity History and Analysis

Debt Level: KMCP's debt to equity ratio (153.8%) is considered high.

Reducing Debt: Insufficient data to determine if KMCP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: KMCP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KMCP's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Dividend

What is KMC Properties's current dividend yield, its reliability and sustainability?

1.43%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KMCP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KMCP'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 KMCP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KMCP'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 KMCP'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?

0.3yrs

Average management tenure


CEO

Liv Malvik

0.75

Tenure

Ms. Liv Malvik has been Chief Executive Officer of KMC Properties ASA since December 20, 2020.


Leadership Team

Experienced Management: KMCP's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KMCP insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

KMC Properties ASA's employee growth, exchange listings and data sources


Key Information

  • Name: KMC Properties ASA
  • Ticker: KMCP
  • Exchange: OB
  • Founded: 2020
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr2.312b
  • Shares outstanding: 279.25m
  • Website: https://www.kmcp.no

Number of Employees


Location

  • KMC Properties ASA
  • Dyre Halses Gate 1a
  • Trondheim
  • Sør-Trøndelag
  • 7042
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 16:20
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.