OB:OLT

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Olav Thon Eiendomsselskap

Executive Summary

Olav Thon Eiendomsselskap ASA engages in the property rental business in Norway and Sweden.


Snowflake Analysis

Moderate growth potential and overvalued.

Share Price & News

How has Olav Thon Eiendomsselskap's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.8%

OLT

0.8%

NO Real Estate

1.7%

NO Market


1 Year Return

-0.3%

OLT

0.4%

NO Real Estate

-15.5%

NO Market

Return vs Industry: OLT matched the Norwegian Real Estate industry which returned -1% over the past year.

Return vs Market: OLT exceeded the Norwegian Market which returned -16.4% over the past year.


Shareholder returns

OLTIndustryMarket
7 Day1.8%0.8%1.7%
30 Day3.2%1.2%0.2%
90 Day16.1%12.6%10.3%
1 Year-0.3%-0.3%4.1%0.4%-13.0%-15.5%
3 Year-9.7%-13.5%22.5%12.3%-2.9%1.1%
5 Year6.2%-0.7%64.1%37.9%32.4%5.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Olav Thon Eiendomsselskap undervalued compared to its fair value and its price relative to the market?

0.59x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: OLT (NOK144) is trading above our estimate of fair value (NOK95.2)

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


Price To Earnings Ratio

PE vs Industry: OLT is unprofitable, so we can't compare its PE Ratio to the NO Real Estate industry average.

PE vs Market: OLT is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OLT is good value based on its PB Ratio (0.6x) compared to the NO Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Olav Thon Eiendomsselskap forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

84.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: OLT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OLT's is expected to become profitable in the next 3 years.

Revenue vs Market: OLT's revenue (2.8% per year) is forecast to grow slower than the Norwegian market (5.5% per year).

High Growth Revenue: OLT's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OLT's Return on Equity is forecast to be low in 3 years time (5.9%).


Next Steps

Past Performance

How has Olav Thon Eiendomsselskap performed over the past 5 years?

-11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLT is currently unprofitable.

Growing Profit Margin: OLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OLT is unprofitable, and losses have increased over the past 5 years at a rate of -11.8% per year.

Accelerating Growth: Unable to compare OLT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OLT is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (9.7%).


Return on Equity

High ROE: OLT has a negative Return on Equity (-2.36%), as it is currently unprofitable.


Next Steps

Financial Health

How is Olav Thon Eiendomsselskap's financial position?


Financial Position Analysis

Short Term Liabilities: OLT's short term assets (NOK998.0M) do not cover its short term liabilities (NOK8.9B).

Long Term Liabilities: OLT's short term assets (NOK998.0M) do not cover its long term liabilities (NOK23.2B).


Debt to Equity History and Analysis

Debt Level: OLT's debt to equity ratio (92.3%) is considered high.

Reducing Debt: OLT's debt to equity ratio has reduced from 127.7% to 92.3% over the past 5 years.

Debt Coverage: OLT's debt is not well covered by operating cash flow (6.5%).

Interest Coverage: OLT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Olav Thon Eiendomsselskap current dividend yield, its reliability and sustainability?

2.55%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if OLT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OLT is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OLT'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?

10.5yrs

Average board tenure


CEO

Dag Tangevald-Jensen (60yo)

20.5yrs

Tenure

Mr. Dag Tangevald-Jensen has been the Chief Executive Officer of Olav Thon Eiendomsselskap ASA since 2000 and serves as its Managing Director. He serves as Board Member at Olav Thon Eiendomsselskap ASA. He ...


Board Members

NamePositionTenureCompensationOwnership
Dag Tangevald-Jensen
MD, CEO & Director20.5yrsno data0.0022% NOK331.3k
Olav Thon
Chairman of the Boardno datakr100.00k71.9% NOK10.7b
Kristian Leer-Salvesen
Director17.5yrskr130.00kno data
Stig Jacobsen
Director15.5yrskr100.00kno data
Sissel Berdal Thon
Director10.5yrskr130.00k0.068% NOK10.2m
Line Norbye
Director6.5yrskr100.00k0.72% NOK107.3m
Ole-Christian Hallerud
Deputy Board Member1.17yrskr30.00k0.00024% NOK35.8k

10.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: OLT's board of directors are seasoned and experienced ( 10.5 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

Ownership Breakdown

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


Top Shareholders

Company Information

Olav Thon Eiendomsselskap ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Olav Thon Eiendomsselskap ASA
  • Ticker: OLT
  • Exchange: OB
  • Founded: 1982
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr14.922b
  • Shares outstanding: 103.62m
  • Website: https://www.olt.no

Location

  • Olav Thon Eiendomsselskap ASA
  • Stenersgata 2
  • Sentrum
  • Oslo
  • Oslo
  • 105
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLTOB (Oslo Bors)YesOrdinary SharesNONOKJan 1992
0FHPLSE (London Stock Exchange)YesOrdinary SharesGBNOKJan 1992
OLTOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJan 1992

Biography

Olav Thon Eiendomsselskap ASA engages in the property rental business in Norway and Sweden. The company is also involved in the property development and management business. As of December 31, 2019, it had 77 shopping centers comprising 16 managed for external owners. The company was founded in 1982 and is based in Oslo, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 20:52
End of Day Share Price2020/07/14 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.