Norwegian Property ASA acquires, develops, manages, and sells commercial real estate properties in Norway.
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Price History & Performance
|Historical stock prices|
|Current Share Price||kr18.25|
|52 Week High||kr10.70|
|52 Week Low||kr18.50|
|1 Month Change||0%|
|3 Month Change||25.00%|
|1 Year Change||62.22%|
|3 Year Change||70.24%|
|5 Year Change||65.91%|
|Change since IPO||-63.13%|
Recent News & Updates
|NPRO||NO Real Estate||NO Market|
Return vs Industry: NPRO exceeded the Norwegian Real Estate industry which returned 43.7% over the past year.
Return vs Market: NPRO exceeded the Norwegian Market which returned 28.8% over the past year.
Stable Share Price: NPRO is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NPRO's weekly volatility (7%) has been stable over the past year.
About the Company
Norwegian Property ASA acquires, develops, manages, and sells commercial real estate properties in Norway. The company’s properties primarily comprise office premises with associated warehousing and car parks, and retail and restaurant spaces. As of December 31, 2020, it owned 29 offices, and commercial and residential properties primarily in Oslo.
Norwegian Property Fundamentals Summary
|NPRO fundamental statistics|
Is NPRO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NPRO income statement (TTM)|
|Cost of Revenue||kr100.50m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 21, 2021
|Earnings per share (EPS)||4.02|
|Net Profit Margin||281.02%|
How did NPRO perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is Norwegian Property 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: NPRO (NOK18.25) is trading above our estimate of fair value (NOK5.75)
Significantly Below Fair Value: NPRO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NPRO is good value based on its PE Ratio (4.5x) compared to the Norwegian Real Estate industry average (7.9x).
PE vs Market: NPRO is good value based on its PE Ratio (4.5x) compared to the Norwegian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: NPRO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NPRO is good value based on its PB Ratio (1x) compared to the NO Real Estate industry average (1.3x).
How is Norwegian Property forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NPRO's earnings are forecast to decline over the next 3 years (-65.9% per year).
Earnings vs Market: NPRO's earnings are forecast to decline over the next 3 years (-65.9% per year).
High Growth Earnings: NPRO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if NPRO's revenue is forecast to grow faster than the Norwegian market.
High Growth Revenue: Insufficient data to determine if NPRO's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NPRO's Return on Equity is forecast to be low in 3 years time (3.6%).
How has Norwegian Property performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NPRO has a large one-off gain of NOK2.4B impacting its June 30 2021 financial results.
Growing Profit Margin: NPRO's current net profit margins are higher than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: NPRO's earnings have grown by 14.7% per year over the past 5 years.
Accelerating Growth: NPRO's earnings growth over the past year (653.3%) exceeds its 5-year average (14.7% per year).
Earnings vs Industry: NPRO earnings growth over the past year (653.3%) exceeded the Real Estate industry 95.7%.
Return on Equity
High ROE: NPRO's Return on Equity (20.6%) is considered high.
How is Norwegian Property's financial position?
Financial Position Analysis
Short Term Liabilities: NPRO's short term assets (NOK311.5M) do not cover its short term liabilities (NOK1.3B).
Long Term Liabilities: NPRO's short term assets (NOK311.5M) do not cover its long term liabilities (NOK12.2B).
Debt to Equity History and Analysis
Debt Level: NPRO's debt to equity ratio (99.4%) is considered high.
Reducing Debt: NPRO's debt to equity ratio has reduced from 163.8% to 99.4% over the past 5 years.
Debt Coverage: NPRO's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: NPRO's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Norwegian Property current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NPRO's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.88%).
High Dividend: NPRO's dividend (0.55%) is low compared to the top 25% of dividend payers in the Norwegian market (5.28%).
Stability and Growth of Payments
Stable Dividend: NPRO is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: NPRO is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: NPRO is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NPRO's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bent Oustad (49 yo)
Mr. Bent Oustad has been the Chief Executive Officer at Norwegian Property ASA since January 1, 2018. He served as Director of Bulk Infrastructure Holding AS and serves as its Deputy Director since Decembe...
CEO Compensation Analysis
Compensation vs Market: Bent's total compensation ($USD750.56K) is about average for companies of similar size in the Norwegian market ($USD582.45K).
Compensation vs Earnings: Bent's compensation has been consistent with company performance over the past year.
Experienced Management: NPRO's management team is considered experienced (2.3 years average tenure).
Experienced Board: NPRO's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NPRO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.4%.
Norwegian Property ASA's employee growth, exchange listings and data sources
- Name: Norwegian Property ASA
- Ticker: NPRO
- Exchange: OB
- Founded: 2005
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr11.745b
- Shares outstanding: 643.58m
- Website: https://www.norwegianproperty.no
Number of Employees
- Norwegian Property ASA
- Støperigata 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/31 16:28|
|End of Day Share Price||2021/08/16 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.