Eiendomsspar AS operates as a real estate company in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr450.00|
|52 Week High||kr0|
|52 Week Low||kr0|
|1 Month Change||-3.02%|
|3 Month Change||0%|
|1 Year Change||12.50%|
|3 Year Change||20.97%|
|5 Year Change||30.44%|
|Change since IPO||769.56%|
Recent News & Updates
|EISP||NO Real Estate||NO Market|
Return vs Industry: EISP underperformed the Norwegian Real Estate industry which returned 35.1% over the past year.
Return vs Market: EISP underperformed the Norwegian Market which returned 22.8% over the past year.
Stable Share Price: Insufficient data to determine EISP's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine EISP's volatility change over the past year.
About the Company
Eiendomsspar AS operates as a real estate company in Norway. It owns and operates offices, shops, hotels, and housing and warehouse properties. The company was founded in 1982 and is based in Oslo, Norway.
Eiendomsspar Fundamentals Summary
|EISP fundamental statistics|
Is EISP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EISP income statement (TTM)|
|Cost of Revenue||kr77.50m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 18, 2021
|Earnings per share (EPS)||37.32|
|Net Profit Margin||310.21%|
How did EISP perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is Eiendomsspar 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: EISP (NOK450) is trading above our estimate of fair value (NOK92.39)
Significantly Below Fair Value: EISP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EISP is poor value based on its PE Ratio (11.7x) compared to the Norwegian Real Estate industry average (8.4x).
PE vs Market: EISP is good value based on its PE Ratio (11.7x) compared to the Norwegian market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EISP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EISP is overvalued based on its PB Ratio (2x) compared to the NO Real Estate industry average (1.2x).
How is Eiendomsspar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Eiendomsspar 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.
How has Eiendomsspar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EISP has a large one-off gain of NOK1.4B impacting its June 30 2021 financial results.
Growing Profit Margin: EISP's current net profit margins are higher than last year (81.2%).
Past Earnings Growth Analysis
Earnings Trend: EISP's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: EISP's earnings growth over the past year (21.9%) exceeds its 5-year average (2.9% per year).
Earnings vs Industry: EISP earnings growth over the past year (21.9%) underperformed the Real Estate industry 95.7%.
Return on Equity
High ROE: EISP's Return on Equity (16.8%) is considered low.
How is Eiendomsspar's financial position?
Financial Position Analysis
Short Term Liabilities: EISP's short term assets (NOK510.4M) do not cover its short term liabilities (NOK889.7M).
Long Term Liabilities: EISP's short term assets (NOK510.4M) do not cover its long term liabilities (NOK7.4B).
Debt to Equity History and Analysis
Debt Level: EISP's debt to equity ratio (94.8%) is considered high.
Reducing Debt: EISP's debt to equity ratio has reduced from 100.1% to 94.8% over the past 5 years.
Debt Coverage: EISP's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: EISP's interest payments on its debt are not well covered by EBIT (0.3x coverage).
What is Eiendomsspar current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EISP's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.92%).
High Dividend: EISP's dividend (1.44%) is low compared to the top 25% of dividend payers in the Norwegian market (5.09%).
Stability and Growth of Payments
Stable Dividend: EISP's dividend payments have been volatile in the past 10 years.
Growing Dividend: EISP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.4%), EISP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Christian Ringnes (67 yo)
Mr. Christian Ringnes has been the Managing Director of Eiendomsspar AS since 1984. Mr. Ringnes serves as Chief Executive Officer and Director of Victoria Eiendom AS and also served as its Managing Directo...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD738.95K) is about average for companies of similar size in the Norwegian market ($USD674.43K).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Experienced Board: EISP's board of directors are seasoned and experienced ( 13.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Eiendomsspar AS's employee growth, exchange listings and data sources
- Name: Eiendomsspar AS
- Ticker: EISP
- Exchange: OTCNO
- Founded: 1982
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr15.207b
- Shares outstanding: 33.79m
- Website: https://www.eiendomsspar.no
Number of Employees
- Eiendomsspar AS
- Olav Vs gate 6
- inngang Rådhuspassasjen
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 17:45|
|End of Day Share Price||2021/09/22 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.