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Solon Eiendom

OB:SOLON
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOLON
OB
NOK3B
Market Cap
  1. Home
  2. NO
  3. Real Estate
Company description

Solon Eiendom ASA acquires, develops, and sells residential real estate properties in Norway. The last earnings update was 32 days ago. More info.


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SOLON Share Price and Events
7 Day Returns
2.7%
OB:SOLON
3.4%
NO Real Estate
-0.9%
NO Market
1 Year Returns
24.5%
OB:SOLON
8.3%
NO Real Estate
-9.6%
NO Market
SOLON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solon Eiendom (SOLON) 2.7% -0.5% 0.8% 24.5% - -
NO Real Estate 3.4% -2.5% 4.6% 8.3% 34.2% 29.9%
NO Market -0.9% -3.3% -6.3% -9.6% 31.4% 8.1%
1 Year Return vs Industry and Market
  • SOLON outperformed the Real Estate industry which returned 8.3% over the past year.
  • SOLON outperformed the Market in Norway which returned -9.6% over the past year.
Price Volatility
SOLON
Industry
5yr Volatility vs Market

SOLON Value

 Is Solon Eiendom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Solon Eiendom. This is due to cash flow or dividend data being unavailable. The share price is NOK37.6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Solon Eiendom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solon Eiendom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SOLON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK NOK0.73
OB:SOLON Share Price ** OB (2019-06-14) in NOK NOK37.6
Norway Real Estate Industry PE Ratio Median Figure of 5 Publicly-Listed Real Estate Companies 9.71x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Solon Eiendom.

OB:SOLON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SOLON Share Price ÷ EPS (both in NOK)

= 37.6 ÷ 0.73

51.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solon Eiendom is overvalued based on earnings compared to the NO Real Estate industry average.
  • Solon Eiendom is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Solon Eiendom's expected growth come at a high price?
Raw Data
OB:SOLON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
42.1%per year
Norway Real Estate Industry PEG Ratio Median Figure of 5 Publicly-Listed Real Estate Companies -0.66x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.86x

*Line of best fit is calculated by linear regression .

OB:SOLON PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.58x ÷ 42.1%

1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solon Eiendom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Solon Eiendom's assets?
Raw Data
OB:SOLON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK NOK12.89
OB:SOLON Share Price * OB (2019-06-14) in NOK NOK37.6
Norway Real Estate Industry PB Ratio Median Figure of 8 Publicly-Listed Real Estate Companies 1.11x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.09x
OB:SOLON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SOLON Share Price ÷ Book Value per Share (both in NOK)

= 37.6 ÷ 12.89

2.92x

* Primary Listing of Solon Eiendom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solon Eiendom is overvalued based on assets compared to the NO Real Estate industry average.
X
Value checks
We assess Solon Eiendom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Solon Eiendom has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SOLON Future Performance

 How is Solon Eiendom expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solon Eiendom expected to grow at an attractive rate?
  • Solon Eiendom's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Solon Eiendom's earnings growth is expected to exceed the Norway market average.
  • Solon Eiendom's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SOLON Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SOLON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 42.1%
OB:SOLON Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 19.3%
Norway Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10%
Norway Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Norway Market Earnings Growth Rate Market Cap Weighted Average 13.9%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:SOLON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SOLON Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,624 1
2022-12-31 2,587 56 416 1
2021-12-31 2,097 -346 341 1
2020-12-31 1,550 -587 213 2
2019-12-31 1,582 -1,246 154 1
OB:SOLON Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 884 -1,137 42
2018-12-31 924 -622 137
2018-09-30 1,191 -688 175
2018-06-30 1,132 -253 129
2018-03-31 1,147 -170 149
2017-12-31 883 -402 70
2017-09-30 662 -324 27
2017-06-30 648 -173 33
2017-03-31 824 -65 34
2016-12-31 691 49 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solon Eiendom's earnings are expected to grow significantly at over 20% yearly.
  • Solon Eiendom's revenue is expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:SOLON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Solon Eiendom Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SOLON Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 6.34 6.34 6.34 1.00
2021-12-31 5.19 5.19 5.19 1.00
2020-12-31 3.50 3.81 3.18 2.00
2019-12-31 2.35 2.35 2.35 1.00
OB:SOLON Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31 0.73
2018-12-31 2.46
2018-09-30 3.28
2018-06-30 2.52
2018-03-31 3.00
2017-12-31 1.44
2017-09-30 0.56
2017-06-30 0.81
2017-03-31 0.92
2016-12-31 0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Solon Eiendom is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Solon Eiendom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solon Eiendom has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SOLON Past Performance

  How has Solon Eiendom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Solon Eiendom's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Solon Eiendom has delivered over 20% year on year earnings growth in the past 5 years.
  • Solon Eiendom's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Solon Eiendom's 1-year earnings growth is negative, it can't be compared to the NO Real Estate industry average.
Earnings and Revenue History
Solon Eiendom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Solon Eiendom Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SOLON Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 883.65 41.68 61.31
2018-12-31 924.05 136.62 51.81
2018-09-30 1,190.83 175.19 55.24
2018-06-30 1,131.87 129.47 56.13
2018-03-31 1,146.65 149.48 47.58
2017-12-31 883.04 69.74 44.95
2017-09-30 661.95 27.09 36.69
2017-06-30 648.00 33.43 23.84
2017-03-31 824.20 34.33 22.82
2016-12-31 691.50 23.55 12.74
2015-12-31 699.98 75.19 19.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Solon Eiendom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Solon Eiendom used its assets less efficiently than the NO Real Estate industry average last year based on Return on Assets.
  • Solon Eiendom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Solon Eiendom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Solon Eiendom has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SOLON Health

 How is Solon Eiendom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Solon Eiendom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solon Eiendom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Solon Eiendom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Solon Eiendom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Solon Eiendom Company Filings, last reported 2 months ago.

OB:SOLON Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 800.66 2,568.67 395.18
2018-12-31 740.73 1,967.05 578.22
2018-09-30 673.18 1,504.42 257.05
2018-06-30 607.04 1,312.33 288.01
2018-03-31 601.14 1,061.12 278.27
2017-12-31 513.98 1,229.01 350.77
2017-09-30 397.75 1,000.07 211.94
2017-06-30 376.87 1,015.60 147.65
2017-03-31 551.60 1,036.67 152.49
2016-12-31 511.08 1,034.02 238.64
2015-12-31 186.79 1,082.71 122.13
  • Solon Eiendom's level of debt (317.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Solon Eiendom's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Solon Eiendom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Solon Eiendom has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SOLON Dividends

 What is Solon Eiendom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.32%
Current annual income from Solon Eiendom dividends. Estimated to be 5.64% next year.
If you bought NOK2,000 of Solon Eiendom shares you are expected to receive NOK106 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Solon Eiendom's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.62%).
  • Solon Eiendom's dividend is below the markets top 25% of dividend payers in Norway (6.44%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:SOLON Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Norway Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.9%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.6%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:SOLON Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.40 1.00
2022-12-31 2.30 1.00
2021-12-31 2.00 1.00
2020-12-31 1.87 2.00
2019-12-31 1.30 1.00
OB:SOLON Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-04-12 2.000 5.286
2018-02-28 1.150 3.762
2017-04-25 1.030 5.361

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Solon Eiendom has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Solon Eiendom only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Solon Eiendom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Solon Eiendom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Solon Eiendom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solon Eiendom has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SOLON Management

 What is the CEO of Solon Eiendom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stig Bech
TENURE AS CEO 0.4 years
CEO Bio

Mr. Stig L. Bech has been Chief Executive Officer of Solon Eiendom ASA since 2019.

CEO Compensation
  • Insufficient data for Stig to compare compensation growth.
  • Insufficient data for Stig to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure of the Solon Eiendom management team in years:

0.4
Average Tenure
  • The average tenure for the Solon Eiendom management team is less than 2 years, this suggests a new team.
Management Team

Stig Bech

TITLE
Chief Executive Officer
TENURE
0.4 yrs

Scott Danielsen

TITLE
Chief Financial Officer
AGE
55
TENURE
2.3 yrs

Tarjei Warholm

TITLE
Group Accounting Manager

Jannike Nilsen

TITLE
Legal Director
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure of the Solon Eiendom board of directors in years:

2.5
Average Tenure
  • The average tenure for the Solon Eiendom board of directors is less than 3 years, this suggests a new board.
Board of Directors

Simen Thorsen

TITLE
Chairman of the Board

Tore Voldberg

TITLE
Director
TENURE
2.5 yrs

Bente Bøhler

TITLE
Director
TENURE
2.5 yrs

Sofia Finneng

TITLE
Director
TENURE
2.5 yrs

Runar Vatne

TITLE
Director

Heidi Austbø

TITLE
Director
AGE
36

Øystein Landvik

TITLE
Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Solon Eiendom insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
06. Jun 19 Buy UFI AS Company 06. Jun 19 06. Jun 19 27 NOK35.94 NOK976
27. May 19 Buy Danske Capital AS Company 24. May 19 24. May 19 200,000 NOK38.00 NOK7,599,999
23. Apr 19 Buy UFI AS Company 23. Apr 19 23. Apr 19 942 NOK36.00 NOK33,912
23. Apr 19 Buy Tore Voldberg Individual 17. Apr 19 17. Apr 19 5,000 NOK36.92 NOK184,623
17. Apr 19 Buy Tore Voldberg Individual 16. Apr 19 16. Apr 19 10,000 NOK36.64 NOK366,400
12. Apr 19 Buy UFI AS Company 12. Apr 19 12. Apr 19 6,147 NOK35.50 NOK218,219
10. Apr 19 Buy UFI AS Company 10. Apr 19 10. Apr 19 1,275 NOK35.50 NOK45,262
08. Apr 19 Buy UFI AS Company 08. Apr 19 08. Apr 19 4,208 NOK35.69 NOK150,202
05. Apr 19 Buy UFI AS Company 05. Apr 19 05. Apr 19 10,049 NOK35.69 NOK358,652
04. Apr 19 Buy UFI AS Company 04. Apr 19 04. Apr 19 2,858 NOK35.70 NOK102,031
03. Apr 19 Buy UFI AS Company 03. Apr 19 03. Apr 19 5,763 NOK35.86 NOK206,661
01. Apr 19 Buy UFI AS Company 01. Apr 19 01. Apr 19 7,616 NOK36.00 NOK274,176
29. Mar 19 Buy UFI AS Company 29. Mar 19 29. Mar 19 7,016 NOK36.00 NOK252,576
27. Mar 19 Buy UFI AS Company 27. Mar 19 27. Mar 19 7,506 NOK35.99 NOK270,110
25. Mar 19 Buy UFI AS Company 25. Mar 19 25. Mar 19 2,718 NOK36.00 NOK97,848
19. Mar 19 Buy UFI AS Company 18. Mar 19 18. Mar 19 100,000 NOK38.00 NOK3,800,000
18. Mar 19 Buy UFI AS Company 18. Mar 19 18. Mar 19 35,000 NOK37.50 NOK1,312,500
18. Mar 19 Buy UFI AS Company 15. Mar 19 15. Mar 19 20,000 NOK37.00 NOK740,000
15. Mar 19 Sell UFI AS Company 15. Mar 19 15. Mar 19 -3,695,885 NOK36.00 NOK-133,051,875
07. Mar 19 Buy Tore Voldberg Individual 06. Mar 19 06. Mar 19 40,000 NOK35.08 NOK1,403,400
01. Feb 19 Buy Tore Voldberg Individual 31. Jan 19 31. Jan 19 9,329 NOK35.46 NOK330,799
28. Jan 19 Buy Tore Voldberg Individual 25. Jan 19 25. Jan 19 25,000 NOK35.61 NOK890,133
16. Jan 19 Buy Tore Voldberg Individual 15. Jan 19 15. Jan 19 25,000 NOK35.25 NOK881,175
28. Dec 18 Sell Per Bernhardt Individual 27. Dec 18 27. Dec 18 -32,494 NOK38.01 NOK-1,235,081
21. Dec 18 Buy Per Bernhardt Individual 20. Dec 18 20. Dec 18 32,494 NOK38.01 NOK1,235,081
22. Nov 18 Buy Vatne Equity AS Company 22. Nov 18 22. Nov 18 2,826,158 NOK30.00 NOK84,784,731
29. Nov 18 Buy Tore Voldberg Individual 28. Nov 18 28. Nov 18 70,000 NOK32.38 NOK2,266,460
28. Nov 18 Buy Tore Voldberg Individual 27. Nov 18 27. Nov 18 40,000 NOK31.17 NOK1,246,600
28. Nov 18 Buy UFI AS Company 28. Nov 18 28. Nov 18 242 NOK31.50 NOK7,623
23. Nov 18 Sell Andreas Martinussen Individual 23. Nov 18 23. Nov 18 -801,046 NOK31.00 NOK-24,832,426
13. Nov 18 Buy Ubon Partners AS Company 13. Nov 18 13. Nov 18 6,000 NOK29.13 NOK174,774
19. Oct 18 Buy Runar Vatne Individual 19. Oct 18 19. Oct 18 500,000 NOK29.20 NOK14,599,250
17. Oct 18 Buy Runar Vatne Individual 17. Oct 18 17. Oct 18 500,000 NOK28.56 NOK14,282,499
27. Sep 18 Buy Tore Voldberg Individual 26. Sep 18 26. Sep 18 35,000 NOK29.00 NOK1,015,105
26. Sep 18 Buy Tore Voldberg Individual 25. Sep 18 25. Sep 18 65,000 NOK29.05 NOK1,879,493
24. Sep 18 Buy Tore Voldberg Individual 21. Sep 18 21. Sep 18 20,000 NOK29.13 NOK582,504
21. Sep 18 Buy Tore Voldberg Individual 20. Sep 18 20. Sep 18 15,000 NOK29.04 NOK435,645
20. Sep 18 Buy Tore Voldberg Individual 19. Sep 18 19. Sep 18 20,000 NOK28.98 NOK579,662
19. Sep 18 Buy Tore Voldberg Individual 18. Sep 18 18. Sep 18 20,000 NOK29.02 NOK580,340
18. Sep 18 Buy Tore Voldberg Individual 17. Sep 18 17. Sep 18 15,000 NOK29.16 NOK437,400
13. Sep 18 Buy Tore Voldberg Individual 12. Sep 18 12. Sep 18 10,000 NOK29.06 NOK290,632
12. Sep 18 Buy Tore Voldberg Individual 11. Sep 18 11. Sep 18 30,000 NOK29.00 NOK870,000
11. Sep 18 Buy Tore Voldberg Individual 10. Sep 18 10. Sep 18 35 NOK29.03 NOK1,016
10. Sep 18 Buy Simen Thorsen Individual 07. Sep 18 07. Sep 18 5,650 NOK29.02 NOK163,969
07. Sep 18 Buy Tore Voldberg Individual 06. Sep 18 06. Sep 18 15,000 NOK28.17 NOK422,488
06. Sep 18 Buy Tore Voldberg Individual 05. Sep 18 05. Sep 18 5,000 NOK28.09 NOK140,467
06. Sep 18 Buy Vatne Equity AS Company 06. Sep 18 06. Sep 18 100,000 NOK28.96 NOK2,896,000
24. Aug 18 Sell Alden AS Company 24. Aug 18 24. Aug 18 -6,044,556 NOK30.00 NOK-181,336,705
24. Aug 18 Buy Vatne Equity AS Company 24. Aug 18 24. Aug 18 3,224,056 NOK30.00 NOK96,721,693
19. Jul 18 Buy Simen Thorsen Individual 18. Jul 18 18. Jul 18 25,000 NOK27.91 NOK697,775
16. Jul 18 Buy Simen Thorsen Individual 16. Jul 18 16. Jul 18 50,000 NOK27.83 NOK1,391,650
05. Jul 18 Buy UFI AS Company 05. Jul 18 05. Jul 18 251,087 NOK30.00 NOK7,532,610
04. Jul 18 Buy UFI AS Company 04. Jul 18 04. Jul 18 19,791 NOK30.06 NOK594,917
02. Jul 18 Buy UFI AS Company 29. Jun 18 29. Jun 18 2,490 NOK30.10 NOK74,949
26. Jun 18 Buy UFI AS Company 25. Jun 18 25. Jun 18 38,664 NOK29.91 NOK1,156,429
25. Jun 18 Buy Simen Thorsen Individual 22. Jun 18 22. Jun 18 25,000 NOK29.31 NOK732,750
20. Jun 18 Buy UFI AS Company 19. Jun 18 19. Jun 18 74,688 NOK29.74 NOK2,221,191
X
Management checks
We assess Solon Eiendom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Solon Eiendom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SOLON News

Simply Wall St News

Boasting A 25% Return On Equity, Is Solon Eiendom ASA (OB:SOLON) A Top Quality Stock?

Solon Eiendom has a ROE of 25%, based on the last twelve months. … That means that for every NOK1 worth of shareholders' equity, it generated NOK0.25 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Did Solon Eiendom ASA's (OB:SOLON) 23.51% ROE Fare Against The Industry?

and want to begin learning the link between company’s fundamentals and stock market performance. … Solon Eiendom ASA (OB:SOLON) outperformed the real estate development industry on the basis of its ROE – producing a higher 23.51% relative to the peer average of 13.37% over the past 12 months. … If SOLON borrows debt to invest in its business, its profits will be higher.

Simply Wall St -

Did Insiders Buy On Solon Eiendom ASA's (OB:SOLON) Price Volatility?

Solon Eiendom's insiders have invested. … Generally, insiders buying more shares in their own firm sends a bullish signal … The MIT Press (1998) published an article showing that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

Is It Time To Sell Solon Eiendom ASA (OB:SOLON) Based Off Its PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Solon Eiendom ASA (OB:SOLON)’s fundamentals and stock market performance. … While SOLON might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Can Solon Eiendom ASA's (OB:SOLON) ROE Continue To Surpass The Industry Average?

and want to begin learning the link between Solon Eiendom ASA (OB:SOLON)’s return fundamentals and stock market performance. … With an ROE of 23.51%, Solon Eiendom ASA (OB:SOLON) outpaced its own industry which delivered a less exciting 15.94% over the past year. … Check out our latest analysis for Solon Eiendom

Simply Wall St -

Is May The Month To Buy Solon Eiendom ASA (OB:SOLON)?

Solon Eiendom ASA (OB:SOLON) is considered a high-growth stock, but its last closing price of NOK29.1 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … SOLON is available at a PE (price-to-earnings) ratio of 20.18x today, which tells us the stock is overvalued based on current earnings compared to the real estate industry average of 5.08x , and overvalued compared to the NO market average ratio of 12.28x. … But, to properly examine the value of a high-growth stock such as Solon Eiendom, we must reflect its earnings growth into the valuation.

Simply Wall St -

What You Must Know About Solon Eiendom ASA's (OB:SOLON) Financial Strength

Moreover, SOLON has produced ØRE48.83M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 4.72%, signalling that SOLON’s operating cash is not sufficient to cover its debt. … In SOLON's case, the ratio of 4.37x suggests that interest is appropriately covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: SOLON’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Should You Follow This Trend For Solon Eiendom ASA (OB:SOLON)?

Today we will evaluate whether these decisions are bolstered by analysts’ expectations of future growth as well as recent share price movements. … OB:SOLON Insider_trading Apr 9th 18 More shares have been bought than sold by Solon Eiendom insiders in the past three months. … Next Steps: Solon Eiendom’s insider meaningful buying activity tells us the shares are currently in favour, which is consistent with the significant expected earnings growth, even if the low share price volatility did not warrant exploiting any mispricing.

Simply Wall St -

Did Solon Eiendom ASA (OB:SOLON) Create Value For Investors Over The Past Year?

View our latest analysis for Solon Eiendom What you must know about ROE Return on Equity (ROE) weighs Solon Eiendom’s profit against the level of its shareholders’ equity. … Some of Solon Eiendom’s peers may have a higher ROE but its cost of equity could exceed this return, leading to an unsustainable negative discrepancy i.e. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:SOLON Last Perf Mar 24th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Solon Eiendom ASA (OB:SOLON): What Is Driving Earnings Margins?

To get a preliminary understanding, this article will interpret Solon Eiendom's margin performance to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Check out our latest analysis for Solon Eiendom What can we tell from SOLON's profit margin? … Margin Calculation for SOLON Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 25.87 Million ÷ 661.95 Million = 3.91% The past five years have seen Solon Eiendom's margin contract, as a result of net income declining at -73.13% on average, which was quicker than the average fall in revenue of -2.03%, indicating that that the company's decline in the top line has also corresponded with a smaller portion flowing out as earnings.

Simply Wall St -

SOLON Company Info

Description

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.

Details
Name: Solon Eiendom ASA
SOLON
Exchange: OB
Founded: 2006
NOK2,513,133,014
66,838,644
Website: http://www.soloneiendom.no.
Address: Solon Eiendom ASA
Olav Vs gate 5,
Oslo,
Oslo, 0161,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SOLON Ordinary Shares Oslo Bors NO NOK 16. Dec 2016
OTCPK BNRP.F Ordinary Shares Pink Sheets LLC US USD 16. Dec 2016
DB NU5 Ordinary Shares Deutsche Boerse AG DE EUR 16. Dec 2016
LSE 0MSG Ordinary Shares London Stock Exchange GB NOK 16. Dec 2016
Number of employees
Current staff
Staff numbers
0
Solon Eiendom employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 22:18
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.