OB:EPR

Stock Analysis Report

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Executive Summary

Europris ASA operates as a discount variety retailer in Norway. More Details


Snowflake Analysis

Outstanding track record and good value.

Share Price & News

How has Europris's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EPR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.5%

EPR

-0.9%

NO Multiline Retail

-4.6%

NO Market


1 Year Return

81.5%

EPR

-4.8%

NO Multiline Retail

-12.3%

NO Market

Return vs Industry: EPR exceeded the Norwegian Multiline Retail industry which returned -2.2% over the past year.

Return vs Market: EPR exceeded the Norwegian Market which returned -8.8% over the past year.


Shareholder returns

EPRIndustryMarket
7 Day-5.5%-0.9%-4.6%
30 Day0.1%2.6%-1.3%
90 Day2.9%9.7%-0.9%
1 Year91.1%81.5%-2.1%-4.8%-9.4%-12.3%
3 Year49.0%23.9%-1.7%-13.1%-0.04%-11.3%
5 Year51.1%14.4%-24.8%-39.5%38.3%10.8%

Price Volatility Vs. Market

How volatile is Europris's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

27.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EPR (NOK46.2) is trading below our estimate of fair value (NOK63.65)

Significantly Below Fair Value: EPR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EPR is good value based on its PE Ratio (14.1x) compared to the XE Multiline Retail industry average (24.5x).

PE vs Market: EPR is good value based on its PE Ratio (14.1x) compared to the Norwegian market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: EPR is poor value based on its PEG Ratio (10.1x)


Price to Book Ratio

PB vs Industry: EPR is overvalued based on its PB Ratio (4x) compared to the XE Multiline Retail industry average (3.3x).


Next Steps

Future Growth

How is Europris forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

1.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPR's forecast earnings growth (1.4% per year) is below the savings rate (1.6%).

Earnings vs Market: EPR's earnings (1.4% per year) are forecast to grow slower than the Norwegian market (31% per year).

High Growth Earnings: EPR's earnings are forecast to grow, but not significantly.

Revenue vs Market: EPR's revenue (0.6% per year) is forecast to grow slower than the Norwegian market (5.5% per year).

High Growth Revenue: EPR's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EPR's Return on Equity is forecast to be high in 3 years time (23.9%)


Next Steps

Past Performance

How has Europris performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EPR has high quality earnings.

Growing Profit Margin: EPR's current net profit margins (7.8%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: EPR's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: EPR's earnings growth over the past year (49.7%) exceeds its 5-year average (13.1% per year).

Earnings vs Industry: EPR earnings growth over the past year (49.7%) exceeded the Multiline Retail industry -13.1%.


Return on Equity

High ROE: EPR's Return on Equity (28.6%) is considered high.


Next Steps

Financial Health

How is Europris's financial position?


Financial Position Analysis

Short Term Liabilities: EPR's short term assets (NOK1.9B) exceed its short term liabilities (NOK1.9B).

Long Term Liabilities: EPR's short term assets (NOK1.9B) do not cover its long term liabilities (NOK3.0B).


Debt to Equity History and Analysis

Debt Level: EPR's debt to equity ratio (62.9%) is considered high.

Reducing Debt: EPR's debt to equity ratio has reduced from 128.8% to 62.9% over the past 5 years.

Debt Coverage: EPR's debt is well covered by operating cash flow (134.5%).

Interest Coverage: EPR's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


Next Steps

Dividend

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

4.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EPR's dividend (4.22%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.51%).

High Dividend: EPR's dividend (4.22%) is low compared to the top 25% of dividend payers in the Norwegian market (6.56%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EPR has been paying a dividend for less than 10 years.

Growing Dividend: EPR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.4%), EPR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EPR's dividends in 3 years are forecast to be covered by earnings (62.8% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Espen Eldal

0.50

Tenure

kr2,225,000

Compensation

Mr. Espen Eldal serves as Chief Executive Officer at Europris ASA since April 29, 2020. He was Acting Chief Executive Officer at Europris ASA since April 01, 2020 until April 29, 2020. He has been the Chie ...


CEO Compensation Analysis

Compensation vs Market: Espen's total compensation ($USD240.95K) is below average for companies of similar size in the Norwegian market ($USD546.11K).

Compensation vs Earnings: Espen's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Espen Eldal
CEO & CFO0.50yrkr2.23m0.36%
NOK 28.3m
Torhild Larsen
Chief Group Accountant11yrsno datano data
Ole Harv
Chief Information Officerno datakr1.47mno data
Martin Bjørklund
Group Projects & Investor Relations Director4.83yrskr80.00kno data
Jon Borgersen
Marketing8.75yrskr2.61mno data
Kristine Frøberg
Vice President of HR2.75yrsno datano data
Knut Spæren
CPO, Procurement Director9.5yrskr2.56mno data
Trine Englokken
Business Controllerno datano datano data

6.8yrs

Average Tenure

Experienced Management: EPR's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tom Rygh
Independent Chairman of the Boardno datakr300.00k0.36%
NOK 28.3m
Hege Bømark
Independent Director5.75yrsno datano data
Pål Wibe
Director0.75yrkr5.09m0.25%
NOK 19.3m
Claus Juel-Jensen
Independent Director3.25yrsno data0.0018%
NOK 141.4k
Bente Sollid Storehaug
Independent Director5.75yrsno datano data
Pål Billington
Alternate Director4.75yrsno datano data
Tone Fintland
Independent Director3.25yrsno data0.0017%
NOK 131.3k
Karl Svensson
Independent Director1.75yrsno data0.16%
NOK 12.8m

3.3yrs

Average Tenure

57yo

Average Age

Experienced Board: EPR's board of directors are considered experienced (3.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.


Top Shareholders

Company Information

Europris ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Europris ASA
  • Ticker: EPR
  • Exchange: OB
  • Founded: 2011
  • Industry: General Merchandise Stores
  • Sector: Retail
  • Market Cap: kr7.813b
  • Shares outstanding: 165.82m
  • Website: https://www.europris.no

Number of Employees


Location

  • Europris ASA
  • Dikeveien 57
  • Rolvsøy
  • Østfold
  • 1661
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPROB (Oslo Bors)YesOrdinary SharesNONOKJun 2015
2RGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2015
0RAILSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 2015
EPROBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 2015

Biography

Europris ASA operates as a discount variety retailer in Norway. The company sells own brand, private-label, and branded merchandise, including personal care, animal, home and interior, leisure time, clothe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 22:08
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.