Solon Eiendom ASA acquires, develops, and sells residential real estate properties in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr39.00|
|52 Week High||kr30.70|
|52 Week Low||kr40.80|
|1 Month Change||-0.76%|
|3 Month Change||5.98%|
|1 Year Change||20.37%|
|3 Year Change||37.32%|
|5 Year Change||n/a|
|Change since IPO||30.00%|
Recent News & Updates
A Look At The Fair Value Of Solon Eiendom ASA (OB:SOLON)
How far off is Solon Eiendom ASA ( OB:SOLON ) from its intrinsic value? Using the most recent financial data, we'll...
|SOLON||NO Real Estate||NO Market|
Return vs Industry: SOLON underperformed the Norwegian Real Estate industry which returned 35.9% over the past year.
Return vs Market: SOLON underperformed the Norwegian Market which returned 25.9% over the past year.
Stable Share Price: SOLON is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SOLON's weekly volatility (3%) has been stable over the past year.
About the Company
Solon Eiendom ASA acquires, develops, and sells residential real estate properties in Norway. The company was formerly known as Bionor Pharma ASA and changed its name to Solon Eiendom ASA. The company was founded in 2006 and is headquartered in Oslo, Norway.
Solon Eiendom Fundamentals Summary
|SOLON fundamental statistics|
Is SOLON overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SOLON income statement (TTM)|
|Cost of Revenue||kr1.68b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 17, 2021
|Earnings per share (EPS)||4.06|
|Net Profit Margin||15.12%|
How did SOLON perform over the long term?See historical performance and comparison
Is Solon Eiendom 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: SOLON (NOK39) is trading above our estimate of fair value (NOK12.8)
Significantly Below Fair Value: SOLON is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOLON is poor value based on its PE Ratio (9.6x) compared to the Norwegian Real Estate industry average (8.4x).
PE vs Market: SOLON is good value based on its PE Ratio (9.6x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: SOLON is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: SOLON is overvalued based on its PB Ratio (1.7x) compared to the NO Real Estate industry average (1.2x).
How is Solon Eiendom forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOLON's forecast earnings growth (8% per year) is above the savings rate (1.2%).
Earnings vs Market: SOLON's earnings (8% per year) are forecast to grow slower than the Norwegian market (10.3% per year).
High Growth Earnings: SOLON's earnings are forecast to grow, but not significantly.
Revenue vs Market: SOLON's revenue (13.4% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: SOLON's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOLON's Return on Equity is forecast to be low in 3 years time (14.9%).
How has Solon Eiendom performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOLON has a large one-off gain of NOK101.3M impacting its June 30 2021 financial results.
Growing Profit Margin: SOLON became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SOLON's earnings have grown significantly by 21.4% per year over the past 5 years.
Accelerating Growth: SOLON has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SOLON 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: SOLON's Return on Equity (17.7%) is considered low.
How is Solon Eiendom's financial position?
Financial Position Analysis
Short Term Liabilities: SOLON's short term assets (NOK5.9B) exceed its short term liabilities (NOK2.9B).
Long Term Liabilities: SOLON's short term assets (NOK5.9B) exceed its long term liabilities (NOK1.8B).
Debt to Equity History and Analysis
Debt Level: SOLON's debt to equity ratio (210.5%) is considered high.
Reducing Debt: SOLON's debt to equity ratio has reduced from 303.3% to 210.5% over the past 5 years.
Debt Coverage: SOLON's debt is well covered by operating cash flow (22.5%).
Interest Coverage: SOLON earns more interest than it pays, so coverage of interest payments is not a concern.
What is Solon Eiendom current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SOLON's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SOLON'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 SOLON's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SOLON's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SOLON is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SOLON's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Andreas Martinussen serves as Chief Executive Officer at Solon Eiendom ASA since 2020. He served as the Chief Executive Officer of Solon Eiendom ASA.
CEO Compensation Analysis
Compensation vs Market: Andreas's total compensation ($USD1.19M) is above average for companies of similar size in the Norwegian market ($USD621.72K).
Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.
Experienced Management: SOLON's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SOLON insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.8%.
Solon Eiendom ASA's employee growth, exchange listings and data sources
- Name: Solon Eiendom ASA
- Ticker: SOLON
- Exchange: OB
- Founded: 2006
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: kr3.172b
- Shares outstanding: 81.33m
- Website: https://www.soloneiendom.no
Number of Employees
- Solon Eiendom ASA
- Olav Vs gate 5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 23:02|
|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.