Norwegian Property ASA, a real estate investment company, acquires, develops, manages, and sells commercial real estate properties in Norway. More Details
Fair value unattractive dividend payer.
Share Price & News
How has Norwegian Property's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NPRO has not had significant price volatility in the past 3 months.
7 Day Return
NO Real Estate
1 Year Return
NO Real Estate
Return vs Industry: NPRO underperformed the Norwegian Real Estate industry which returned 28% over the past year.
Return vs Market: NPRO exceeded the Norwegian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Norwegian Property's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StThree Things You Should Check Before Buying Norwegian Property ASA (OB:NPRO) For Its Dividend
1 year ago | Simply Wall StWhy You Might Be Interested In Norwegian Property ASA (OB:NPRO) For Its Upcoming Dividend
1 year ago | Simply Wall StThese 4 Measures Indicate That Norwegian Property (OB:NPRO) Is Using Debt Extensively
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 (NOK12.15) is trading above our estimate of fair value (NOK4.69)
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 (8.5x) compared to the Real Estate industry average (15.9x).
PE vs Market: NPRO is good value based on its PE Ratio (8.5x) compared to the Norwegian market (14.2x).
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 (0.8x) compared to the NO Real Estate industry average (0.9x).
How is Norwegian Property forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (-31.6% per year).
Earnings vs Market: NPRO's earnings are forecast to decline over the next 3 years (-31.6% per year).
High Growth Earnings: NPRO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NPRO's revenue is expected to decline over the next 3 years (-0.1% per year).
High Growth Revenue: NPRO's revenue is forecast to decline over the next 3 years (-0.1% 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 (3.5%).
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 NOK534.9M impacting its June 30 2019 financial results.
Growing Profit Margin: NPRO's current net profit margins (99.6%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: NPRO has become profitable over the past 5 years, growing earnings by 22.5% per year.
Accelerating Growth: NPRO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NPRO had negative earnings growth (-22.7%) over the past year, making it difficult to compare to the Real Estate industry average (-22.7%).
Return on Equity
High ROE: NPRO's Return on Equity (10.1%) is considered low.
How is Norwegian Property's financial position?
Financial Position Analysis
Short Term Liabilities: NPRO's short term assets (NOK1.2B) do not cover its short term liabilities (NOK1.3B).
Long Term Liabilities: NPRO's short term assets (NOK1.2B) do not cover its long term liabilities (NOK7.5B).
Debt to Equity History and Analysis
Debt Level: NPRO's debt to equity ratio (97.8%) is considered high.
Reducing Debt: NPRO's debt to equity ratio has reduced from 192.1% to 97.8% over the past 5 years.
Debt Coverage: NPRO's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: NPRO's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is Norwegian Property's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NPRO's dividend (2.3%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.4%).
High Dividend: NPRO's dividend (2.3%) is low compared to the top 25% of dividend payers in the Norwegian market (5.71%).
Stability and Growth of Payments
Stable Dividend: NPRO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NPRO's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.7%), NPRO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NPRO's dividends in 3 years are forecast to be covered by earnings (61.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Bent Oustad has been the Chief Executive Officer at Norwegian Property ASA since January 1, 2018. Mr. Oustad has for the last 15 years worked at ABG Sundal Collier (“ABGSC”) in different positions. Bef ...
CEO Compensation Analysis
Compensation vs Market: Bent's total compensation ($USD365.75K) is below average for companies of similar size in the Norwegian market ($USD550.96K).
Compensation vs Earnings: Insufficient data to compare Bent's compensation with company performance.
|Chief Executive Officer||1.58yrs||kr3.30m||no data|
|Chief Financial Officer||1.42yrs||kr2.63m||no data|
|Executive Vice President of Sales & Marketing||1.17yrs||kr3.12m||no data|
|Executive Vice President of Property Management||1.17yrs||kr2.38m||no data|
|Head of Administration||no data||no data||no data|
|Controller (Maternity leave)||0.25yr||no data||no data|
|Accounting Controller||3.5yrs||no data||no data|
|Accounting Controller||no data||no data||no data|
|Controller (Temporary)||0.25yr||no data||no data|
|Business Controller||no data||no data||no data|
Experienced Management: NPRO's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|Director||1.33yrs||no data||no data|
|Director||3.33yrs||no data||no data|
|Chairman of the Board||1.33yrs||no data||no data|
|Director||4.83yrs||no data||no data|
|Director||3.33yrs||no data||no data|
|Deputy Chairman||5.58yrs||no data||no data|
|Director||2.33yrs||no data||no data|
Experienced Board: NPRO's board of directors are considered experienced (3.3 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: Insufficient data to determine if shareholders have been diluted in the past year.
Norwegian Property ASA's company bio, 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: kr5.998b
- Shares outstanding: 493.63m
- Website: https://www.norwegianproperty.no
Number of Employees
- Norwegian Property ASA
- Støperigata 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NPRO||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jun 2006|
|0MHS||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jun 2006|
|NPROO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jun 2006|
|H2D||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2006|
Norwegian Property ASA, a real estate investment company, acquires, develops, manages, and sells commercial real estate properties in Norway. Its properties primarily comprise office premises with associat ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/08/28 21:05|
|End of Day Share Price||2019/08/28 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.