OB:TRE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Treasure ASA, through its 12.04% interest in Hyundai Glovis Co. More Details

Risk Analysis

No risks detected for TRE from our risk checks.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TRE is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TRE's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-5.2%

TRE

0.5%

NO Logistics

-0.6%

NO Market


1 Year Return

22.0%

TRE

22.0%

NO Logistics

0.4%

NO Market

Return vs Industry: TRE exceeded the Norwegian Logistics industry which returned 20.3% over the past year.

Return vs Market: TRE exceeded the Norwegian Market which returned -0.6% over the past year.


Shareholder returns

TREIndustryMarket
7 Day-5.2%0.5%-0.6%
30 Day5.1%5.2%13.9%
90 Day32.9%7.1%7.8%
1 Year27.0%22.0%24.8%22.0%4.1%0.4%
3 Year21.2%11.6%20.9%10.4%8.5%-3.7%
5 Yearn/a82.3%57.0%58.0%26.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TRE (NOK16.35) is trading above our estimate of fair value (NOK7.27)

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


Price To Earnings Ratio

PE vs Industry: TRE is unprofitable, so we can't compare its PE Ratio to the XE Logistics industry average.

PE vs Market: TRE is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRE is good value based on its PB Ratio (1x) compared to the XE Logistics industry average (2.4x).


Next Steps

Future Growth

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

13.8%

Forecasted Transportation 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 Treasure 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 Treasure performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRE is currently unprofitable.

Growing Profit Margin: TRE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRE is unprofitable, but has reduced losses over the past 5 years at a rate of 16.7% per year.

Accelerating Growth: Unable to compare TRE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TRE is unprofitable, making it difficult to compare its past year earnings growth to the Logistics industry (-23.3%).


Return on Equity

High ROE: TRE has a negative Return on Equity (-61.4%), as it is currently unprofitable.


Next Steps

Financial Health

How is Treasure's financial position?


Financial Position Analysis

Short Term Liabilities: TRE's short term assets ($3.0M) exceed its short term liabilities ($3.0K).

Long Term Liabilities: TRE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TRE is debt free.

Reducing Debt: TRE has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TRE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TRE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17% per year.


Next Steps

Dividend

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

1.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRE's dividend (1.86%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.5%).

High Dividend: TRE's dividend (1.86%) is low compared to the top 25% of dividend payers in the Norwegian market (5.88%).


Stability and Growth of Payments

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

Growing Dividend: TRE has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: TRE is paying a dividend but the company is unprofitable.


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

Magnus A. Sande

no data

Tenure

Mr. Magnus A. K. Sande serves as the Chief Executive Officer of Treasure ASA.


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

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


Key Information

  • Name: Treasure ASA
  • Ticker: TRE
  • Exchange: OB
  • Founded: 2016
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: kr3.532b
  • Shares outstanding: 216.04m
  • Website: https://www.treasureasa.com

Location

  • Treasure ASA
  • PO Box 33
  • Lysaker
  • Akershus
  • 1324
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TREOB (Oslo Bors)YesOrdinary SharesNONOKJun 2016
0RIVLSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 2016
T1ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2016

Biography

Treasure ASA, through its 12.04% interest in Hyundai Glovis Co. Ltd., provides transportation and logistics services in South Korea. The company was incorporated in 2016 and is based in Lysaker, Norway. Tr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 17:21
End of Day Share Price2020/11/30 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.