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RCR

Recreate OB:RCR Stock Report

Last Price

kr24.40

Market Cap

kr529.3m

7D

-3.2%

1Y

-25.6%

Updated

14 Aug, 2022

Data

Company Financials
RCR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends0/6

RCR Stock Overview

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

Recreate Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Recreate
Historical stock prices
Current Share Pricekr24.40
52 Week Highkr35.00
52 Week Lowkr24.40
Beta0
1 Month Change-3.94%
3 Month Change-17.57%
1 Year Change-25.61%
3 Year Changen/a
5 Year Changen/a
Change since IPO-36.04%

Recent News & Updates

Sep 11
R8 Property's (OB:R8P) Profits Appear To Have Quality Issues

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...

Shareholder Returns

RCRNO Real EstateNO Market
7D-3.2%1.4%1.3%
1Y-25.6%-26.9%9.3%

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.

Price Volatility

Is RCR's price volatile compared to industry and market?
RCR volatility
RCR Average Weekly Movement5.3%
Real Estate Industry Average Movement4.0%
Market Average Movement6.6%
10% most volatile stocks in NO Market12.2%
10% least volatile stocks in NO Market3.6%

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

FoundedEmployeesCEOWebsite
201041Emil 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 30 commercial properties with a lettable area of 108,966 square meters.

Recreate Fundamentals Summary

How do Recreate's earnings and revenue compare to its market cap?
RCR fundamental statistics
Market Capkr529.34m
Earnings (TTM)kr100.79m
Revenue (TTM)kr131.90m

5.3x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RCR income statement (TTM)
Revenuekr131.90m
Cost of Revenuekr91.97m
Gross Profitkr39.93m
Other Expenses-kr60.86m
Earningskr100.79m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 19, 2022

Earnings per share (EPS)4.65
Gross Margin30.27%
Net Profit Margin76.41%
Debt/Equity Ratio169.9%

How did RCR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RCR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

RCR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue20.8x
Enterprise Value/EBITDA281.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does RCR's PE Ratio compare to its peers?

RCR PE Ratio vs Peers
The above table shows the PE ratio for RCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.6x
BALT Baltic Sea Properties
9.2xn/akr287.1m
KMCP KMC Properties
7.4x-4.2%kr2.3b
AURA Aurora Eiendom
4.3x-44.9%kr2.8b
ROM RomReal
1.5xn/akr88.5m
RCR Recreate
5.3xn/akr529.3m

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.

RCR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ration/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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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-47.7%

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 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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  • Take a look at our analysis of RCR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Recreate competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Recreate performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.5%

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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Financial Health

How is Recreate's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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Dividend

What is Recreate current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • 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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Management

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

3.4yrs

Average management tenure


CEO

Emil Eriksrod (39 yo)

12.58yrs

Tenure

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...


Leadership Team

Experienced Management: RCR's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: RCR's board of directors are considered experienced (3.3 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

Recreate ASA's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Recreate 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 Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.