OM:3KR

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Tre Kronor Property Investment

Executive Summary

Tre Kronor Property Investment AB (publ) owns, manages, and develops commercial real estate properties in Sweden. More Details


Snowflake Analysis

Second-rate dividend payer and overvalued.

Share Price & News

How has Tre Kronor Property Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.8%

3KR

-1.3%

SE Real Estate

-1.1%

SE Market


1 Year Return

-3.3%

3KR

5.3%

SE Real Estate

13.4%

SE Market

Return vs Industry: 3KR underperformed the Swedish Real Estate industry which returned 5.3% over the past year.

Return vs Market: 3KR underperformed the Swedish Market which returned 13.4% over the past year.


Shareholder returns

3KRIndustryMarket
7 Day-0.8%-1.3%-1.1%
30 Day-1.5%-0.9%2.2%
90 Day1.2%15.0%6.3%
1 Year3.1%-3.3%7.5%5.3%15.4%13.4%
3 Yearn/a65.8%53.7%30.9%16.9%
5 Yearn/a107.3%78.3%59.3%28.3%

Price Volatility Vs. Market

How volatile is Tre Kronor Property Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tre Kronor Property Investment undervalued compared to its fair value and its price relative to the market?

11.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3KR (SEK130) is trading above our estimate of fair value (SEK88.75)

Significantly Below Fair Value: 3KR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3KR's PE Ratio (11.3x) is in line with the SE Real Estate industry average.

PE vs Market: 3KR is good value based on its PE Ratio (11.3x) compared to the Swedish market (22x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3KR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3KR's PB Ratio (1.1x) is in line with the SE Real Estate industry average.


Next Steps

Future Growth

How is Tre Kronor Property Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-4.9%

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 Tre Kronor Property Investment 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 Tre Kronor Property Investment performed over the past 5 years?

-47.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 3KR has a large one-off gain of SEK64.9M impacting its June 30 2020 financial results.

Growing Profit Margin: 3KR's current net profit margins (51.5%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 3KR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: 3KR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3KR had negative earnings growth (-47.9%) over the past year, making it difficult to compare to the Real Estate industry average (5.5%).


Return on Equity

High ROE: 3KR's Return on Equity (9.4%) is considered low.


Next Steps

Financial Health

How is Tre Kronor Property Investment's financial position?


Financial Position Analysis

Short Term Liabilities: 3KR's short term assets (SEK106.5M) do not cover its short term liabilities (SEK145.5M).

Long Term Liabilities: 3KR's short term assets (SEK106.5M) do not cover its long term liabilities (SEK1.5B).


Debt to Equity History and Analysis

Debt Level: 3KR's debt to equity ratio (134.9%) is considered high.

Reducing Debt: Insufficient data to determine if 3KR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3KR's debt is not well covered by operating cash flow (4.3%).

Interest Coverage: 3KR's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

What is Tre Kronor Property Investment current dividend yield, its reliability and sustainability?

6.35%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 3KR's dividend (6.35%) is higher than the bottom 25% of dividend payers in the Swedish market (1.33%).

High Dividend: 3KR's dividend (6.35%) is in the top 25% of dividend payers in the Swedish market (4.37%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3KR has been paying a dividend for less than 10 years.

Growing Dividend: 3KR's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.9%), 3KR'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?

2.5yrs

Average board tenure


CEO

Michael Johansson (55 yo)

3yrs

Tenure

Mr. Michael Johansson serves as President of Tre Kronor Property Investment AB (publ) and has been its Chief Executive Officer since October 18, 2017. Mr. Johansson serves as the Chief Operation Officer of ...


Board Members

NamePositionTenureCompensationOwnership
Jenny Wärmé
Director1.5yrsno datano data
Bernt-Olof Gustavsson
Chairman of the Board3yrsno datano data
Cecilia West
Director2.5yrsno datano data
Magnus Ros
Director2.5yrsno datano data

2.5yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 3KR's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Tre Kronor Property Investment AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tre Kronor Property Investment AB (publ)
  • Ticker: 3KR
  • Exchange: OM
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr1.215b
  • Shares outstanding: 9.34m
  • Website: https://www.3krproperty.se

Location

  • Tre Kronor Property Investment AB (publ)
  • Box 5894
  • Stockholm
  • Stockholm County
  • 102 40
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3KROM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKNov 2017

Biography

Tre Kronor Property Investment AB (publ) owns, manages, and develops commercial real estate properties in Sweden. The company is based in Stockholm, Sweden. Tre Kronor Property Investment AB (publ) operate ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 21:53
End of Day Share Price2020/10/23 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.