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RomReal OB:ROM Stock Report

Last Price


Market Cap







02 Oct, 2022


Company Financials
ROM fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health6/6

ROM Stock Overview

RomReal Limited, together with its subsidiaries, engages in property investment and development in Romania.

RomReal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for RomReal
Historical stock prices
Current Share Pricekr1.82
52 Week Highkr2.50
52 Week Lowkr1.50
1 Month Change-1.62%
3 Month Change-1.62%
1 Year Change2.25%
3 Year Change-16.51%
5 Year Change-39.33%
Change since IPO-99.70%

Recent News & Updates

Shareholder Returns

ROMNO Real EstateNO Market

Return vs Industry: ROM exceeded the Norwegian Real Estate industry which returned -28.2% over the past year.

Return vs Market: ROM exceeded the Norwegian Market which returned -5.4% over the past year.

Price Volatility

Is ROM's price volatile compared to industry and market?
ROM volatility
ROM Average Weekly Movement19.4%
Real Estate Industry Average Movement5.3%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

Stable Share Price: ROM is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: ROM's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

20055Kjetil Gronskag

RomReal Limited, together with its subsidiaries, engages in property investment and development in Romania. The company owns a portfolio of properties primarily in Constanta and Ovidiu. Its plots are primarily suited for residential and commercial developments.

RomReal Fundamentals Summary

How do RomReal's earnings and revenue compare to its market cap?
ROM fundamental statistics
Market Capkr75.29m
Earnings (TTM)kr15.33m
Revenue (TTM)kr54.62m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ROM income statement (TTM)
Cost of Revenue€1.13m
Gross Profit€4.00m
Other Expenses€2.56m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 25, 2022

Earnings per share (EPS)0.035
Gross Margin77.98%
Net Profit Margin28.06%
Debt/Equity Ratio0.0%

How did ROM perform over the long term?

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


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

Valuation Score


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 ROM?

Other financial metrics that can be useful for relative valuation.

ROM 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/Revenue0.6x
Enterprise Value/EBITDA2.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

ROM PE Ratio vs Peers
The above table shows the PE ratio for ROM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.1x
BALT Baltic Sea Properties
RCR Recreate
KMCP KMC Properties
AURA Aurora Eiendom
ROM RomReal

Price-To-Earnings vs Peers: ROM is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

How does ROM's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: ROM is good value based on its Price-To-Earnings Ratio (4.9x) compared to the European Real Estate industry average (6.9x)

Price to Earnings Ratio vs Fair Ratio

What is ROM'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.

ROM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ROM's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ROM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ROM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ROM'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 RomReal forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 RomReal 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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  • Examine RomReal's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • RomReal competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has RomReal performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ROM has a large one-off gain of €285.6K impacting its June 30 2022 financial results.

Growing Profit Margin: ROM became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: ROM has become profitable over the past 5 years, growing earnings by -3.6% per year.

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

Earnings vs Industry: ROM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-13.5%).

Return on Equity

High ROE: ROM's Return on Equity (8.7%) is considered low.

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Financial Health

How is RomReal's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ROM's short term assets (€15.1M) exceed its short term liabilities (€800.0K).

Long Term Liabilities: ROM's short term assets (€15.1M) exceed its long term liabilities (€159.0K).

Debt to Equity History and Analysis

Debt Level: ROM is debt free.

Reducing Debt: ROM had no debt 5 years ago.

Debt Coverage: ROM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ROM has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

RomReal Dividend Yield vs Market
How does RomReal dividend yield compare to the market?
SegmentDividend Yield
Company (RomReal)n/a
Market Bottom 25% (NO)3.8%
Market Top 25% (NO)8.0%
Industry Average (Real Estate)4.1%
Analyst forecast in 3 Years (RomReal)n/a

Notable Dividend: Unable to evaluate ROM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROM'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 ROM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ROM'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 ROM 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


Kjetil Gronskag (58 yo)





Mr. Kjetil Gronskag has been the Chief Executive Officer of RomReal Ltd. since May 26, 2016 and has been its an Executive Chairman of the Board since November 2009 and has been its Director since November...

CEO Compensation Analysis

Kjetil Gronskag's Compensation vs RomReal Earnings
How has Kjetil Gronskag's remuneration changed compared to RomReal's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021€59k€59k


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020€59k€59k


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020n/an/a


Dec 31 2019€59k€59k


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019n/an/a


Dec 31 2018€36k€36k


Sep 30 2018n/an/a


Jun 30 2018n/an/a


Mar 31 2018n/an/a


Dec 31 2017n/an/a


Sep 30 2017n/an/a


Jun 30 2017n/an/a


Mar 31 2017n/an/a


Dec 31 2016€35k€35k


Compensation vs Market: Kjetil's total compensation ($USD57.66K) is below average for companies of similar size in the Norwegian market ($USD325.93K).

Compensation vs Earnings: Kjetil's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ROM's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Experienced Board: ROM's board of directors are considered experienced (7.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ROM insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

OB:ROM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 Sep 22Buykr199,017Kjetil GronskagIndividual101,024kr1.97
29 Aug 22Buykr36,210Kjetil GronskagIndividual19,159kr1.89
27 May 22Buykr75,029Kjetil GronskagIndividual39,909kr1.88
03 Jan 22Buykr181,059Kjetil GronskagIndividual96,823kr1.87
30 Dec 21Buykr9,990Kjetil GronskagIndividual5,123kr1.95
23 Dec 21Buykr138,084Kjetil GronskagIndividual74,000kr1.87

Ownership Breakdown

What is the ownership structure of ROM?
Owner TypeNumber of SharesOwnership Percentage
General Public2,676,0146.5%
Private Companies16,974,07141.0%
Individual Insiders17,227,63941.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 19 shareholders own 93.53% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
MGL Investments Limited
10,331,934€18.8m0%no data
Kay Thorkildsen
6,222,463€11.3m0%no data
Kjetil Gronskag
5,913,006€10.8m1.02%no data
Saga Eiendom AS
3,311,526€6.0m0%no data
Edvin Austba
2,108,500€3.8m0%no data
Danske Bank A/S, Asset Management Arm
1,507,924€2.7m0%no data
Energi Invest A/S
1,253,611€2.3m0%no data
Steinar Grønland
1,110,021€2.0m0%no data
Orakel AS
1,101,000€2.0m0%no data
Brooks Macdonald Asset Management (International) Limited
Spar Kapital ASA
Arild Persson
718,000€1.3m0%no data
Anders Hoen
689,557€1.3m0%no data
Kvaal Invest AS
580,000€1.1m0%no data
Aksel Magdahl
466,092€848.3k0%no data
Nordnet Pensionsförsäkring Ab, Asset Management Arm
Bankhaus Ellwanger & Geiger, Asset Management Arm
Frenico As
396,000€720.7k0%no data
Citigroup Inc.,Banking and Securities Investments
220,000€400.4k0%no data

Company Information

RomReal Limited's employee growth, exchange listings and data sources

Key Information

  • Name: RomReal Limited
  • Ticker: ROM
  • Exchange: OB
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: kr75.289m
  • Shares outstanding: 41.37m
  • Website:

Number of Employees


  • RomReal Limited
  • Burnaby Building
  • 16 Burnaby street
  • Hamilton
  • HM 11
  • Bermuda


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROMOB (Oslo Bors)YesOrdinary SharesNONOKJun 2007
3RRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007
ROMOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
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.