Tre Kronor Property Investment AB (publ) owns, manages, and develops commercial real estate properties in Sweden.
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Undervalued second-rate dividend payer.
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's share price has been volatile over the past 3 months.
7 Day Return
SE Real Estate
1 Year Return
SE Real Estate
Return vs Industry: 3KR underperformed the Swedish Real Estate industry which returned 7.8% over the past year.
Return vs Market: 3KR underperformed the Swedish Market which returned -10.2% over the past year.
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
1 week ago | Simply Wall StDo You Like Tre Kronor Property Investment AB (publ) (STO:3KR) At This P/E Ratio?
1 month ago | Simply Wall StShould You Buy Tre Kronor Property Investment AB (publ) (STO:3KR) For Its Dividend?
Is Tre Kronor Property Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3KR (SEK104) is trading below our estimate of fair value (SEK154.77)
Significantly Below Fair Value: 3KR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3KR is good value based on its PE Ratio (6.4x) compared to the Real Estate industry average (7.7x).
PE vs Market: 3KR is good value based on its PE Ratio (6.4x) compared to the Swedish market (14.1x).
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 is good value based on its PB Ratio (0.8x) compared to the SE Real Estate industry average (1x).
How is Tre Kronor Property Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Tre Kronor Property Investment is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Tre Kronor Property Investment competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Tre Kronor Property Investment performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 3KR has a large one-off gain of SEK87.5M impacting its December 31 2019 financial results.
Growing Profit Margin: 3KR's current net profit margins (72.6%) 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 (-6.8%) over the past year, making it difficult to compare to the Real Estate industry average (21.3%).
Return on Equity
High ROE: 3KR's Return on Equity (11.8%) is considered low.
How is Tre Kronor Property Investment's financial position?
Financial Position Analysis
Short Term Liabilities: 3KR's short term assets (SEK220.6M) exceed its short term liabilities (SEK105.1M).
Long Term Liabilities: 3KR's short term assets (SEK220.6M) do not cover its long term liabilities (SEK1.3B).
Debt to Equity History and Analysis
Debt Level: 3KR's debt to equity ratio (110%) 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 (5%).
Interest Coverage: 3KR's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Inventory Level: 3KR has a high level of physical assets or inventory.
Debt Coverage by Assets: 3KR's debt is not covered by short term assets (assets are 0.2x debt).
What is Tre Kronor Property Investment's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3KR's dividend (7.93%) is higher than the bottom 25% of dividend payers in the Swedish market (2.12%).
High Dividend: 3KR's dividend (7.93%) is in the top 25% of dividend payers in the Swedish market (6.54%)
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 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.7%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Michael Johansson (54yo)
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 ...
|Director||0.92yr||no data||no data|
|Chairman of the Board||2.42yrs||no data||no data|
|Director||1.92yrs||no data||no data|
|Director||2.42yrs||no data||no data|
|Director||1.92yrs||no data||no data|
Experienced Board: 3KR's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.1%.
Tre Kronor Property Investment AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Tre Kronor Property Investment AB (publ)
- Ticker: 3KR
- Exchange: OM
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr971.828m
- Shares outstanding: 9.34m
- Website: https://www.3krproperty.se
- Tre Kronor Property Investment AB (publ)
- Box 5894
- Stockholm County
- 102 40
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3KR||OM (OMX Nordic Exchange Stockholm)||Yes||Share Capital||SE||SEK||Nov 2017|
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) operates as a subsidiary of Catella AB.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 00:30|
|End of Day Share Price||2020/03/27 00:00|
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.