Selvaag Bolig ASA, a housing development company, engages in the construction and sale of residential properties in Greater Oslo, Bergen, Stavanger, Trondheim, and Stockholm.
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Selvaag Bolig Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr55.00|
|52 Week High||kr44.35|
|52 Week Low||kr69.00|
|1 Month Change||-1.96%|
|3 Month Change||-4.35%|
|1 Year Change||14.82%|
|3 Year Change||41.94%|
|5 Year Change||36.14%|
|Change since IPO||189.47%|
Recent News & Updates
Calculating The Intrinsic Value Of Selvaag Bolig ASA (OB:SBO)
In this article we are going to estimate the intrinsic value of Selvaag Bolig ASA ( OB:SBO ) by estimating the...
|SBO||NO Real Estate||NO Market|
Return vs Industry: SBO underperformed the Norwegian Real Estate industry which returned 35.1% over the past year.
Return vs Market: SBO underperformed the Norwegian Market which returned 22.8% over the past year.
Stable Share Price: SBO is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SBO's weekly volatility (4%) has been stable over the past year.
About the Company
Selvaag Bolig ASA, a housing development company, engages in the construction and sale of residential properties in Greater Oslo, Bergen, Stavanger, Trondheim, and Stockholm. The company offers its properties under the Start, Home, and Pluss brands. The company was incorporated in 2008 and is headquartered in Oslo, Norway.
Selvaag Bolig Fundamentals Summary
|SBO fundamental statistics|
Is SBO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SBO income statement (TTM)|
|Cost of Revenue||kr2.20b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
|Earnings per share (EPS)||5.14|
|Net Profit Margin||15.92%|
How did SBO perform over the long term?See historical performance and comparison
9.1%Current Dividend Yield
Is Selvaag Bolig 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: SBO (NOK55.4) is trading above our estimate of fair value (NOK33.06)
Significantly Below Fair Value: SBO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SBO is poor value based on its PE Ratio (10.8x) compared to the Norwegian Real Estate industry average (8.4x).
PE vs Market: SBO is good value based on its PE Ratio (10.8x) compared to the Norwegian market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: SBO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SBO is overvalued based on its PB Ratio (2.3x) compared to the NO Real Estate industry average (1.2x).
How is Selvaag Bolig forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBO's earnings are forecast to decline over the next 3 years (-6.6% per year).
Earnings vs Market: SBO's earnings are forecast to decline over the next 3 years (-6.6% per year).
High Growth Earnings: SBO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SBO's revenue (2.5% per year) is forecast to grow slower than the Norwegian market (5.7% per year).
High Growth Revenue: SBO's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBO's Return on Equity is forecast to be low in 3 years time (18.1%).
How has Selvaag Bolig performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBO has a large one-off loss of NOK1.0B impacting its June 30 2021 financial results.
Growing Profit Margin: SBO's current net profit margins (15.9%) are lower than last year (57.7%).
Past Earnings Growth Analysis
Earnings Trend: SBO's earnings have grown significantly by 31.4% per year over the past 5 years.
Accelerating Growth: SBO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBO had negative earnings growth (-70.7%) over the past year, making it difficult to compare to the Real Estate industry average (95.7%).
Return on Equity
High ROE: Whilst SBO's Return on Equity (20.95%) is high, this metric is skewed due to their high level of debt.
How is Selvaag Bolig's financial position?
Financial Position Analysis
Short Term Liabilities: SBO's short term assets (NOK5.3B) exceed its short term liabilities (NOK2.4B).
Long Term Liabilities: SBO's short term assets (NOK5.3B) exceed its long term liabilities (NOK1.8B).
Debt to Equity History and Analysis
Debt Level: SBO's debt to equity ratio (131.1%) is considered high.
Reducing Debt: SBO's debt to equity ratio has increased from 89.9% to 131.1% over the past 5 years.
Debt Coverage: SBO's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: SBO's interest payments on its debt are well covered by EBIT (335.2x coverage).
What is Selvaag Bolig current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBO's dividend (9.03%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.92%).
High Dividend: SBO's dividend (9.03%) is in the top 25% of dividend payers in the Norwegian market (5.09%)
Stability and Growth of Payments
Stable Dividend: SBO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SBO's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (97.5%), SBO's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBO's dividends in 3 years are not forecast to be well covered by earnings (98.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sverre Molvik (50 yo)
Mr. Sverre Molvik has been Chief Executive Officer of Selvaag Bolig ASA since October 19, 2020 and also served as its Chief Financial Officer since January 2021. He was Chief Financial Officer of Selvaag B...
CEO Compensation Analysis
Compensation vs Market: Sverre's total compensation ($USD893.45K) is above average for companies of similar size in the Norwegian market ($USD666.65K).
Compensation vs Earnings: Sverre's compensation has been consistent with company performance over the past year.
Experienced Management: SBO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: SBO'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: SBO 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.
Selvaag Bolig ASA's employee growth, exchange listings and data sources
- Name: Selvaag Bolig ASA
- Ticker: SBO
- Exchange: OB
- Founded: 2008
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: kr5.171b
- Shares outstanding: 93.35m
- Website: https://www.selvaagboligasa.no
Number of Employees
- Selvaag Bolig ASA
- Silurveien 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 16:21|
|End of Day Share Price||2021/09/24 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.