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OLT

Olav Thon EiendomsselskapOB:OLT Stock Report

Market Cap

kr19.8b

7D

-1.7%

1Y

35.6%

Updated

24 Sep, 2021

Data

Company Financials +
OLT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends4/6

OLT Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Olav Thon Eiendomsselskap
Historical stock prices
Current Share Pricekr189.80
52 Week Highkr128.50
52 Week Lowkr214.00
Beta1.19
1 Month Change-1.86%
3 Month Change5.33%
1 Year Change35.57%
3 Year Change27.04%
5 Year Change15.03%
Change since IPO3,350.91%

Recent News & Updates

Sep 23
Is Olav Thon Eiendomsselskap (OB:OLT) Using Too Much Debt?

Is Olav Thon Eiendomsselskap (OB:OLT) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

May 31
Olav Thon Eiendomsselskap (OB:OLT) Has A Somewhat Strained Balance Sheet

Olav Thon Eiendomsselskap (OB:OLT) Has A Somewhat Strained Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

OLTNO Real EstateNO Market
7D-1.7%-1.6%0.5%
1Y35.6%35.9%25.9%

Return vs Industry: OLT matched the Norwegian Real Estate industry which returned 35.9% over the past year.

Return vs Market: OLT exceeded the Norwegian Market which returned 25.9% over the past year.

Price Volatility

Is OLT's price volatile compared to industry and market?
OLT volatility
OLT Beta1.19
Industry Beta0.92
Market Beta1

Stable Share Price: OLT is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: OLT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982467Dag Tangevald-Jensenhttps://www.olt.no

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, 2020, it had 78 shopping centers comprising 17 managed for external owners.

Olav Thon Eiendomsselskap Fundamentals Summary

How do Olav Thon Eiendomsselskap's earnings and revenue compare to its market cap?
OLT fundamental statistics
Market Capkr19.77b
Earnings (TTM)kr3.59b
Revenue (TTM)kr4.09b

5.5x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OLT income statement (TTM)
Revenuekr4.09b
Cost of Revenuekr1.10b
Gross Profitkr2.99b
Expenses-kr602.00m
Earningskr3.59b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)34.63
Gross Margin73.01%
Net Profit Margin87.73%
Debt/Equity Ratio73.2%

How did OLT perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

14%

Payout Ratio

Valuation

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

5.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OLT (NOK189.8) is trading above our estimate of fair value (NOK137.11)

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


Price To Earnings Ratio

PE vs Industry: OLT is good value based on its PE Ratio (5.5x) compared to the Norwegian Real Estate industry average (8.4x).

PE vs Market: OLT is good value based on its PE Ratio (5.5x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OLT is good value based on its PB Ratio (0.7x) compared to the NO Real Estate industry average (1.2x).


Future Growth

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

-28.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLT's earnings are forecast to decline over the next 3 years (-28.4% per year).

Earnings vs Market: OLT's earnings are forecast to decline over the next 3 years (-28.4% per year).

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

Revenue vs Market: OLT's revenue (3.2% per year) is forecast to grow slower than the Norwegian market (5.8% per year).

High Growth Revenue: OLT's revenue (3.2% 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 (5.4%).


Past Performance

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

-23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLT has a large one-off gain of NOK1.5B impacting its June 30 2021 financial results.

Growing Profit Margin: OLT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OLT's earnings have declined by 23.3% per year over the past 5 years.

Accelerating Growth: OLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (95.7%).


Return on Equity

High ROE: OLT's Return on Equity (12.3%) is considered low.


Financial Health

How is Olav Thon Eiendomsselskap's financial position?


Financial Position Analysis

Short Term Liabilities: OLT's short term assets (NOK1.2B) do not cover its short term liabilities (NOK6.9B).

Long Term Liabilities: OLT's short term assets (NOK1.2B) do not cover its long term liabilities (NOK23.7B).


Debt to Equity History and Analysis

Debt Level: OLT's debt to equity ratio (73.2%) is considered high.

Reducing Debt: OLT's debt to equity ratio has reduced from 119.5% to 73.2% over the past 5 years.

Debt Coverage: OLT's debt is not well covered by operating cash flow (6.3%).

Interest Coverage: OLT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OLT's dividend (2.63%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.86%).

High Dividend: OLT's dividend (2.63%) is low compared to the top 25% of dividend payers in the Norwegian market (5.14%).


Stability and Growth of Payments

Stable Dividend: OLT's dividend payments have been volatile in the past 10 years.

Growing Dividend: OLT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), OLT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OLT's dividends in 3 years are forecast to be well covered by earnings (41% payout ratio).


Next Steps

Management

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

9.7yrs

Average board tenure


CEO

Dag Tangevald-Jensen (61 yo)

21.67yrs

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

Experienced Board: OLT's board of directors are considered experienced (9.7 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 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: kr19.771b
  • Shares outstanding: 103.62m
  • Website: https://www.olt.no

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 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.