RCR Stock Overview
R8 Property ASA, a real estate company, focuses on the ownership, development, and management of commercial properties in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr24.40|
|52 Week High||kr35.00|
|52 Week Low||kr24.40|
|1 Month Change||-3.94%|
|3 Month Change||-17.57%|
|1 Year Change||-25.61%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-36.04%|
Recent News & Updates
R8 Property's (OB:R8P) Profits Appear To Have Quality Issues
R8 Property ASA's ( OB:R8P ) robust recent earnings didn't do much to move the stock. We believe that shareholders have...
|RCR||NO Real Estate||NO Market|
Return vs Industry: RCR exceeded the Norwegian Real Estate industry which returned -26.9% over the past year.
Return vs Market: RCR underperformed the Norwegian Market which returned 9.3% over the past year.
|RCR Average Weekly Movement||5.3%|
|Real Estate Industry Average Movement||4.0%|
|Market Average Movement||6.6%|
|10% most volatile stocks in NO Market||12.2%|
|10% least volatile stocks in NO Market||3.6%|
Stable Share Price: RCR is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RCR's weekly volatility (5%) has been stable 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 30 commercial properties with a lettable area of 108,966 square meters.
Recreate Fundamentals Summary
|RCR fundamental statistics|
Is RCR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RCR income statement (TTM)|
|Cost of Revenue||kr91.97m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 19, 2022
|Earnings per share (EPS)||4.65|
|Net Profit Margin||76.41%|
How did RCR perform over the long term?See historical performance and comparison
Is RCR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RCR?
Other financial metrics that can be useful for relative valuation.
|What is RCR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RCR's PE Ratio compare to its peers?
|RCR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BALT Baltic Sea Properties
KMCP KMC Properties
AURA Aurora Eiendom
Price-To-Earnings vs Peers: RCR is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (5.6x).
Price to Earnings Ratio vs Industry
How does RCR's PE Ratio compare vs other companies in the European Real Estate Industry?
Price-To-Earnings vs Industry: RCR is good value based on its Price-To-Earnings Ratio (5.3x) compared to the Norwegian Real Estate industry average (6.3x)
Price to Earnings Ratio vs Fair Ratio
What is RCR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5.3x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RCR's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of RCR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate RCR's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate RCR's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Recreate forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Recreate 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.
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How has Recreate performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RCR has a large one-off gain of NOK178.0M impacting its March 31 2022 financial results.
Growing Profit Margin: RCR's current net profit margins (76.4%) are higher than last year (53.1%).
Past Earnings Growth Analysis
Earnings Trend: RCR's earnings have declined by 4.5% per year over the past 5 years.
Accelerating Growth: RCR's earnings growth over the past year (50.3%) exceeds its 5-year average (-4.5% per year).
Earnings vs Industry: RCR earnings growth over the past year (50.3%) exceeded the Real Estate industry 13.2%.
Return on Equity
High ROE: RCR's Return on Equity (11.8%) is considered low.
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How is Recreate's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RCR's short term assets (NOK87.0M) do not cover its short term liabilities (NOK497.7M).
Long Term Liabilities: RCR's short term assets (NOK87.0M) do not cover its long term liabilities (NOK1.8B).
Debt to Equity History and Analysis
Debt Level: RCR's net debt to equity ratio (168.2%) is considered high.
Reducing Debt: RCR's debt to equity ratio has reduced from 259.6% to 169.9% over the past 5 years.
Debt Coverage: RCR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RCR's interest payments on its debt are not well covered by EBIT (0.2x coverage).
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What is Recreate current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RCR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RCR'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 RCR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RCR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as RCR has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Emil Eriksrod (39 yo)
Mr. Emil Eriksr d is Founder of Recreate ASA (formerly known as R8 Property ASA) in 2010 and serves as its Chief Executive Officer since 2017. He is Chair/Board member in multiple companies, including the...
Experienced Management: RCR's management team is considered experienced (3.4 years average tenure).
Experienced Board: RCR'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: Shareholders have not been meaningfully diluted in the past year.
Recreate ASA's employee growth, exchange listings and data sources
- Name: Recreate ASA
- Ticker: RCR
- Exchange: OB
- Founded: 2010
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: kr529.342m
- Shares outstanding: 21.69m
- Website: https://r8property.no
Number of Employees
- Recreate ASA
- Powerhouse Telemark
- Dokkvegen 11
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/14 00:00|
|End of Day Share Price||2022/08/12 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.