OM:ACRI

Stock Analysis Report

Executive Summary

Acrinova AB (publ) owns, develops, and manages real estate properties in southern Sweden.


Snowflake Analysis

Fair value with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ACRI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.3%

ACRI

0.6%

SE Real Estate

4.0%

SE Market


1 Year Return

23.5%

ACRI

10.4%

SE Real Estate

-6.4%

SE Market

Return vs Industry: ACRI exceeded the Swedish Real Estate industry which returned 10.4% over the past year.

Return vs Market: ACRI exceeded the Swedish Market which returned -6.4% over the past year.


Shareholder returns

ACRIIndustryMarket
7 Day7.3%0.6%4.0%
30 Day-17.0%-19.1%-8.3%
90 Day-16.2%-20.8%-17.8%
1 Year28.0%23.5%12.5%10.4%-4.4%-6.4%
3 Year27.9%14.6%52.9%39.5%6.8%-8.3%
5 Year73.8%50.0%87.5%59.1%13.7%-9.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ACRI (SEK19.5) is trading above our estimate of fair value (SEK9.56)

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


Price To Earnings Ratio

PE vs Industry: ACRI is good value based on its PE Ratio (7.8x) compared to the Real Estate industry average (8.1x).

PE vs Market: ACRI is good value based on its PE Ratio (7.8x) compared to the Swedish market (15.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ACRI is good value based on its PB Ratio (0.9x) compared to the SE Real Estate industry average (1x).


Next Steps

Future Growth

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

-17.9%

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 Acrinova 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 Acrinova performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACRI has a large one-off gain of SEK34.6M impacting its December 31 2019 financial results.

Growing Profit Margin: ACRI's current net profit margins (43.5%) are higher than last year (38%).


Past Earnings Growth Analysis

Earnings Trend: ACRI has become profitable over the past 5 years, growing earnings by 24.3% per year.

Accelerating Growth: ACRI's earnings growth over the past year (22.3%) is below its 5-year average (24.3% per year).

Earnings vs Industry: ACRI earnings growth over the past year (22.3%) exceeded the Real Estate industry 21.3%.


Return on Equity

High ROE: ACRI's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is Acrinova's financial position?


Financial Position Analysis

Short Term Liabilities: ACRI's short term assets (SEK79.5M) exceed its short term liabilities (SEK37.0M).

Long Term Liabilities: ACRI's short term assets (SEK79.5M) do not cover its long term liabilities (SEK376.0M).


Debt to Equity History and Analysis

Debt Level: ACRI's debt to equity ratio (87.2%) is considered high.

Reducing Debt: ACRI's debt to equity ratio has reduced from 392.3% to 87.2% over the past 5 years.

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

Interest Coverage: ACRI's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

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

4.19%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ACRI's dividend (4.1%) is higher than the bottom 25% of dividend payers in the Swedish market (1.98%).

High Dividend: ACRI's dividend (4.1%) is low compared to the top 25% of dividend payers in the Swedish market (5.83%).


Stability and Growth of Payments

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

Growing Dividend: ACRI's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.9%), ACRI's dividend payments are well 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?


CEO

Ulf Wallen

no data

Tenure

Mr. Ulf Wallen serves as Chief Executive Officer of Acrinova AB and served as its Director. 


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 16.4%.


Top Shareholders

Company Information

Acrinova AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acrinova AB (publ)
  • Ticker: ACRI
  • Exchange: OM
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr388.018m
  • Shares outstanding: 19.90m
  • Website: https://www.acrinova.se

Location

  • Acrinova AB (publ)
  • Krusegränd 42B
  • Malmö
  • Skåne County
  • 212 25
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACRIOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKMar 2015

Biography

Acrinova AB (publ) owns, develops, and manages real estate properties in southern Sweden. It offers condominiums, offices, preschools, schools, senior housing, student apartments, and tenants/housings properties. The company was founded in 2014 and is headquartered in Malmö, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 22:36
End of Day Share Price2020/04/08 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.