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VIEI

Victoria EiendomOTCNO:VIEI Stock Report

Market Cap

kr9.2b

7D

-7.4%

1Y

31.6%

Updated

24 Sep, 2021

Data

Company Financials
VIEI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health0/6
Dividends2/6

VIEI Overview

Victoria Eiendom AS operates as a real estate company in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Victoria Eiendom
Historical stock prices
Current Share Pricekr750.00
52 Week Highkr0
52 Week Lowkr0
Beta0.91
1 Month Change-2.60%
3 Month Change0%
1 Year Change31.58%
3 Year Change15.38%
5 Year Change51.52%
Change since IPO1,478.95%

Recent News & Updates

Shareholder Returns

VIEINO Real EstateNO Market
7D-7.4%-1.3%1.2%
1Y31.6%36.1%26.4%

Return vs Industry: VIEI underperformed the Norwegian Real Estate industry which returned 35.9% over the past year.

Return vs Market: VIEI exceeded the Norwegian Market which returned 25.9% over the past year.

Price Volatility

Is VIEI's price volatile compared to industry and market?
VIEI volatility
VIEI Beta0.91
Industry Beta0.92
Market Beta1

Stable Share Price: Insufficient data to determine VIEI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine VIEI's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a38Christian Ringneshttps://www.victoria-eiendom.no

Victoria Eiendom AS operates as a real estate company in Norway. The company rents offices, warehouses, and shops. Victoria Eiendom AS is based in Bergen, Norway.

Victoria Eiendom Fundamentals Summary

How do Victoria Eiendom's earnings and revenue compare to its market cap?
VIEI fundamental statistics
Market Capkr9.19b
Earnings (TTM)kr1.09b
Revenue (TTM)kr549.80m

8.5x

P/E Ratio

16.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VIEI income statement (TTM)
Revenuekr549.80m
Cost of Revenuekr104.50m
Gross Profitkr445.30m
Expenses-kr640.40m
Earningskr1.09b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)88.64
Gross Margin80.99%
Net Profit Margin197.47%
Debt/Equity Ratio64.0%

How did VIEI perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

10%

Payout Ratio

Valuation

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

8.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VIEI (NOK750) is trading above our estimate of fair value (NOK120.86)

Significantly Below Fair Value: VIEI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VIEI's PE Ratio (8.5x) is in line with the Norwegian Real Estate industry average.

PE vs Market: VIEI is good value based on its PE Ratio (8.5x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VIEI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VIEI is good value based on its PB Ratio (0.6x) compared to the NO Real Estate industry average (1.2x).


Future Growth

How is Victoria Eiendom 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 Victoria Eiendom 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 Victoria Eiendom performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIEI has a large one-off gain of NOK1.7B impacting its June 30 2021 financial results.

Growing Profit Margin: VIEI's current net profit margins are higher than last year (39%).


Past Earnings Growth Analysis

Earnings Trend: VIEI's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: VIEI's earnings growth over the past year (95.7%) exceeds its 5-year average (2.3% per year).

Earnings vs Industry: VIEI earnings growth over the past year (95.7%) underperformed the Real Estate industry 95.7%.


Return on Equity

High ROE: VIEI's Return on Equity (10.4%) is considered low.


Financial Health

How is Victoria Eiendom's financial position?


Financial Position Analysis

Short Term Liabilities: VIEI's short term assets (NOK631.4M) do not cover its short term liabilities (NOK949.5M).

Long Term Liabilities: VIEI's short term assets (NOK631.4M) do not cover its long term liabilities (NOK9.7B).


Debt to Equity History and Analysis

Debt Level: VIEI's debt to equity ratio (64%) is considered high.

Reducing Debt: VIEI's debt to equity ratio has increased from 59.2% to 64% over the past 5 years.

Debt Coverage: VIEI's debt is not well covered by operating cash flow (3.7%).

Interest Coverage: VIEI's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


Dividend

What is Victoria Eiendom current dividend yield, its reliability and sustainability?

1.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VIEI's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.86%).

High Dividend: VIEI's dividend (1.13%) is low compared to the top 25% of dividend payers in the Norwegian market (5.14%).


Stability and Growth of Payments

Stable Dividend: VIEI's dividend payments have been volatile in the past 10 years.

Growing Dividend: VIEI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.2%), VIEI's dividend payments are thoroughly 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?


CEO

Christian Ringnes (67 yo)

no data

Tenure

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...


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

Victoria Eiendom AS's employee growth, exchange listings and data sources


Key Information

  • Name: Victoria Eiendom AS
  • Ticker: VIEI
  • Exchange: OTCNO
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr9.187b
  • Shares outstanding: 12.25m
  • Website: https://www.victoria-eiendom.no

Number of Employees


Location

  • Victoria Eiendom AS
  • Leirvikflaten 5
  • Godvik
  • Bergen
  • Hordaland
  • 5179
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 17:58
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.