R8 Property ASA, a real estate company, focuses on the ownership, development, and management of commercial properties in Norway.
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Price History & Performance
|Historical stock prices|
|Current Share Price||kr30.50|
|52 Week High||kr29.80|
|52 Week Low||kr40.00|
|1 Month Change||-2.26%|
|3 Month Change||-12.86%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-20.05%|
Recent News & Updates
|R8P||NO Real Estate||NO Market|
Return vs Industry: Insufficient data to determine how R8P performed against the Norwegian Real Estate industry.
Return vs Market: Insufficient data to determine how R8P performed against the Norwegian Market.
Stable Share Price: R8P is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: Insufficient data to determine R8P's volatility change over the past year.
About the Company
R8 Property ASA, a real estate company, focuses on the ownership, development, and management of commercial properties in Norway. The company develops office commercial and residential properties, and coworking and technology solutions facilities; and rents office, retail, hotel, healthcare, and food and beverage properties. It owns and manages 32 commercial properties with a lettable area of 109,789 square meters.
R8 Property Fundamentals Summary
|R8P fundamental statistics|
Is R8P overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|R8P income statement (TTM)|
|Cost of Revenue||kr73.48m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.67|
|Net Profit Margin||65.99%|
How did R8P perform over the long term?See historical performance and comparison
Is R8 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: Insufficient data to calculate R8P's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate R8P's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: R8P's PE Ratio (8.3x) is in line with the Norwegian Real Estate industry average.
PE vs Market: R8P is good value based on its PE Ratio (8.3x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate R8P's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: R8P is good value based on its PB Ratio (0.8x) compared to the NO Real Estate industry average (1.2x).
How is R8 Property forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as R8 Property has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has R8 Property performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: R8P has a large one-off gain of NOK105.4M impacting its June 30 2021 financial results.
Growing Profit Margin: R8P became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: R8P's earnings have declined by 20.6% per year over the past 5 years.
Accelerating Growth: R8P has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: R8P 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: R8P's Return on Equity (11.7%) is considered low.
How is R8 Property's financial position?
Financial Position Analysis
Short Term Liabilities: R8P's short term assets (NOK62.3M) do not cover its short term liabilities (NOK310.7M).
Long Term Liabilities: R8P's short term assets (NOK62.3M) do not cover its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: R8P's debt to equity ratio (193.4%) is considered high.
Reducing Debt: R8P's debt to equity ratio has reduced from 419.8% to 193.4% over the past 5 years.
Debt Coverage: R8P's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: R8P's interest payments on its debt are not well covered by EBIT (0.3x coverage).
What is R8 Property current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate R8P's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate R8P'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 R8P's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if R8P'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 R8P'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
Emil Eriksrod (38 yo)
Mr. Emil Eriksrød is Founder of R8 Property ASA in 2010 and serves as its Chief Executive Officer since 2017. He is Chair/Board member in multiple companies, including the proptech startup Orbit Technology...
Experienced Management: R8P's management team is considered experienced (2.5 years average tenure).
Experienced Board: R8P's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: R8P insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: R8P only recently listed within the past 12 months.
R8 Property ASA's employee growth, exchange listings and data sources
- Name: R8 Property ASA
- Ticker: R8P
- Exchange: OB
- Founded: 2010
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr661.677m
- Shares outstanding: 21.69m
- Website: https://r8property.no
Number of Employees
- R8 Property ASA
- Powerhouse Telemark
- Dokkvegen 11
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 16:20|
|End of Day Share Price||2021/09/21 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.