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R8P

R8 PropertyOB:R8P Stock Report

Market Cap

kr661.7m

7D

-1.6%

1Y

n/a

Updated

24 Sep, 2021

Data

Company Financials
R8P fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends0/6

R8P Overview

R8 Property ASA, a real estate company, focuses on the ownership, development, and management of commercial properties in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for R8 Property
Historical stock prices
Current Share Pricekr30.50
52 Week Highkr29.80
52 Week Lowkr40.00
Beta0
1 Month Change-2.26%
3 Month Change-12.86%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-20.05%

Recent News & Updates

Shareholder Returns

R8PNO Real EstateNO Market
7D-1.6%-1.6%0.5%
1Yn/a35.9%25.9%

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.

Price Volatility

Is R8P's price volatile compared to industry and market?
R8P volatility
R8P Beta0
Industry Beta0.92
Market Beta1

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

FoundedEmployeesCEOWebsite
201027Emil Eriksrodhttps://r8property.no

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

How do R8 Property's earnings and revenue compare to its market cap?
R8P fundamental statistics
Market Capkr661.68m
Earnings (TTM)kr79.52m
Revenue (TTM)kr120.51m

8.3x

P/E Ratio

5.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
R8P income statement (TTM)
Revenuekr120.51m
Cost of Revenuekr73.48m
Gross Profitkr47.03m
Expenses-kr32.49m
Earningskr79.52m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.67
Gross Margin39.03%
Net Profit Margin65.99%
Debt/Equity Ratio193.4%

How did R8P perform over the long term?

See historical performance and comparison

Valuation

Is R8 Property undervalued compared to its fair value and its price relative to the market?

8.32x

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).


Future Growth

How is R8 Property forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-35.7%

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.


Past Performance

How has R8 Property performed over the past 5 years?

-20.6%

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.


Financial Health

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).


Balance Sheet


Dividend

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.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Emil Eriksrod (38 yo)

4.67yrs

Tenure

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...


Leadership Team

Experienced Management: R8P's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: R8P's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: R8P only recently listed within the past 12 months.


Top Shareholders

Company Information

R8 Property ASA's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • R8 Property ASA
  • Powerhouse Telemark
  • Dokkvegen 11
  • Porsgrunn
  • Telemark
  • 3920
  • 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 Price2021/09/21 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.