OB:GYL

Stock Analysis Report

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Executive Summary

Gyldendal ASA, through its subsidiaries publishes and sells books in Norway.

Rewards

Trading at 90.1% below our estimate of its fair value

Risk Analysis

No risks detected for GYL from our risk checks.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.1%

GYL

-2.9%

NO Specialty Retail

1.2%

NO Market


1 Year Return

30.7%

GYL

-14.2%

NO Specialty Retail

-16.4%

NO Market

Return vs Industry: GYL exceeded the Norwegian Specialty Retail industry which returned -14.8% over the past year.

Return vs Market: GYL exceeded the Norwegian Market which returned -18.3% over the past year.


Shareholder returns

GYLIndustryMarket
7 Day-4.1%-2.9%1.2%
30 Day-5.0%-1.3%-0.2%
90 Day14.9%-0.2%6.9%
1 Year32.7%30.7%-12.9%-14.2%-13.9%-16.4%
3 Year107.1%96.8%-25.4%-31.1%-3.4%0.3%
5 Year167.1%141.0%-25.4%-36.6%32.4%5.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GYL (NOK494) is trading below our estimate of fair value (NOK4969.18)

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


Price To Earnings Ratio

PE vs Industry: GYL is poor value based on its PE Ratio (30.6x) compared to the XE Specialty Retail industry average (13x).

PE vs Market: GYL is poor value based on its PE Ratio (30.6x) compared to the Norwegian market (14.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GYL is overvalued based on its PB Ratio (1.4x) compared to the XE Specialty Retail industry average (1.1x).


Next Steps

Future Growth

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

28.2%

Forecasted Retail 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 Gyldendal 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.


Next Steps

Past Performance

How has Gyldendal performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GYL has high quality earnings.

Growing Profit Margin: GYL's current net profit margins (1.8%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: GYL's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: GYL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GYL had negative earnings growth (-14.4%) over the past year, making it difficult to compare to the Specialty Retail industry average (-4.6%).


Return on Equity

High ROE: GYL's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Gyldendal's financial position?


Financial Position Analysis

Short Term Liabilities: GYL's short term assets (NOK896.6M) exceed its short term liabilities (NOK695.9M).

Long Term Liabilities: GYL's short term assets (NOK896.6M) exceed its long term liabilities (NOK458.7M).


Debt to Equity History and Analysis

Debt Level: GYL is debt free.

Reducing Debt: GYL has no debt compared to 5 years ago when its debt to equity ratio was 32.9%.

Debt Coverage: GYL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GYL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

2.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GYL's dividend (2.02%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.97%).

High Dividend: GYL's dividend (2.02%) is low compared to the top 25% of dividend payers in the Norwegian market (7.04%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62%), GYL's dividend payments are 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?

6.5yrs

Average board tenure


CEO

John Thuv (50yo)

no data

Tenure

kr4,906,000

Compensation

Mr. John Tørres Thuv has been Chief Executive Officer of ARK Bokhandel AS since 2007. Mr. Thuv serves as the Chief Executive Officer and Member of The Corporate Management of Gyldendal ASA. He served as C ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD523.60K) is above average for companies of similar size in the Norwegian market ($USD388.95K).

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


Board Members

NamePositionTenureCompensationOwnership
Stig Sivertsen
Director 13.5yrsno datano data
Siri Teigum
Director 13.5yrsno datano data
Eilert Hanoa
Directorno datano datano data
Trine Must
Chairman of the Board4.5yrsno datano data
Ingar Kolloen
Director9.5yrsno datano data
Marit Näumann
Director3.5yrsno datano data
Arild Nysæther
Director 7.5yrsno datano data
Trude Sleire
Director5.5yrsno datano data
Klaus Karlson
Director3.5yrsno datano data

6.5yrs

Average Tenure

52yo

Average Age

Experienced Board: GYL's board of directors are considered experienced (6.5 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

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


Key Information

  • Name: Gyldendal ASA
  • Ticker: GYL
  • Exchange: OB
  • Founded: 1925
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: kr1.140b
  • Shares outstanding: 2.31m
  • Website: https://www.gyldendalasa.no

Location

  • Gyldendal ASA
  • Sehestedsgate 4
  • Oslo
  • Oslo
  • 164
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GYLOB (Oslo Bors)YesOrdinary SharesNONOKJan 1992
0EMZLSE (London Stock Exchange)YesOrdinary SharesGBNOKJan 1992
GYLOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJan 1992

Biography

Gyldendal ASA, through its subsidiaries publishes and sells books in Norway. It also operates 142 bookstores; and ark.no, an online bookstore. In addition, it publishes dictionaries, and encyclopedias and other reference books in book and digital forms. The company was founded in 1925 and is based in Oslo, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 20:52
End of Day Share Price2020/07/13 00:00
Earnings2019/12/31
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.