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EISP

EiendomssparOTCNO:EISP Stock Report

Market Cap

kr15.2b

7D

-2.2%

1Y

12.5%

Updated

23 Sep, 2021

Data

Company Financials
EISP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends2/6

EISP Overview

Eiendomsspar AS operates as a real estate company in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Eiendomsspar
Historical stock prices
Current Share Pricekr450.00
52 Week Highkr0
52 Week Lowkr0
Beta1
1 Month Change-3.02%
3 Month Change0%
1 Year Change12.50%
3 Year Change20.97%
5 Year Change30.44%
Change since IPO769.56%

Recent News & Updates

Shareholder Returns

EISPNO Real EstateNO Market
7D-2.2%-1.6%0.5%
1Y12.5%35.9%25.9%

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.

Price Volatility

Is EISP's price volatile compared to industry and market?
EISP volatility
EISP Beta1
Industry Beta0.92
Market Beta1

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

FoundedEmployeesCEOWebsite
198238Christian Ringneshttps://www.eiendomsspar.no

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

How do Eiendomsspar's earnings and revenue compare to its market cap?
EISP fundamental statistics
Market Capkr15.21b
Earnings (TTM)kr1.30b
Revenue (TTM)kr418.10m

11.7x

P/E Ratio

36.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EISP income statement (TTM)
Revenuekr418.10m
Cost of Revenuekr77.50m
Gross Profitkr340.60m
Expenses-kr956.40m
Earningskr1.30b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 18, 2021

Earnings per share (EPS)37.32
Gross Margin81.46%
Net Profit Margin310.21%
Debt/Equity Ratio94.8%

How did EISP perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Eiendomsspar undervalued compared to its fair value and its price relative to the market?

11.73x

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).


Future Growth

How is Eiendomsspar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-35.7%

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.


Past Performance

How has Eiendomsspar performed over the past 5 years?

2.9%

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.


Financial Health

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).


Balance Sheet


Dividend

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

1.44%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.7yrs

Average board tenure


CEO

Christian Ringnes (67 yo)

37.67yrs

Tenure

kr6,339,465

Compensation

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.


Board Members

Experienced Board: EISP's board of directors are seasoned and experienced ( 13.7 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Eiendomsspar AS's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Eiendomsspar AS
  • Olav Vs gate 6
  • inngang Rådhuspassasjen
  • Oslo
  • Oslo
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 17:45
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.