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BRIN

Brinova FastigheterOM:BRIN B Stock Report

Market Cap

kr4.8b

7D

6.5%

1Y

78.2%

Updated

26 Oct, 2021

Data

Company Financials
BRIN B fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends0/6

BRIN B Overview

Brinova Fastigheter AB (publ) operates as a real estate company in southern Sweden.

Brinova Fastigheter Competitors

Castellum

OM:CAST

kr61.6b

Wallenstam

OM:WALL B

kr49.8b

Fabege

OM:FABG

kr46.6b

Corem Property Group

OM:CORE A

kr30.0b

Price History & Performance

Summary of all time highs, changes and price drops for Brinova Fastigheter
Historical stock prices
Current Share Pricekr49.00
52 Week Highkr24.20
52 Week Lowkr52.00
Beta0.72
1 Month Change8.89%
3 Month Change17.51%
1 Year Change78.18%
3 Year Change196.97%
5 Year Change172.22%
Change since IPO103.32%

Recent News & Updates

Aug 26
Is Brinova Fastigheter (STO:BRIN B) A Risky Investment?

Is Brinova Fastigheter (STO:BRIN B) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

May 19
Here's Why Brinova Fastigheter (STO:BRIN B) Has A Meaningful Debt Burden

Here's Why Brinova Fastigheter (STO:BRIN B) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

BRIN BSE Real EstateSE Market
7D6.5%1.8%1.6%
1Y78.2%38.3%38.8%

Return vs Industry: BRIN B exceeded the Swedish Real Estate industry which returned 36.2% over the past year.

Return vs Market: BRIN B exceeded the Swedish Market which returned 37.7% over the past year.

Price Volatility

Is BRIN B's price volatile compared to industry and market?
BRIN B volatility
BRIN B Beta0.72
Industry Beta0.65
Market Beta1

Stable Share Price: BRIN B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BRIN B's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201141Per Johanssonhttps://www.brinova.se

Brinova Fastigheter AB (publ) operates as a real estate company in southern Sweden. It owns, develops, and manages rental housing and community properties. The company was incorporated in 2011 and is headquartered in Helsingborg, Sweden.

Brinova Fastigheter Fundamentals Summary

How do Brinova Fastigheter's earnings and revenue compare to its market cap?
BRIN B fundamental statistics
Market Capkr4.77b
Earnings (TTM)kr276.10m
Revenue (TTM)kr356.30m

17.3x

P/E Ratio

13.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRIN B income statement (TTM)
Revenuekr356.30m
Cost of Revenuekr133.20m
Gross Profitkr223.10m
Expenses-kr53.00m
Earningskr276.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.83
Gross Margin62.61%
Net Profit Margin77.49%
Debt/Equity Ratio164.2%

How did BRIN B perform over the long term?

See historical performance and comparison

Valuation

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

17.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BRIN B (SEK49) is trading above our estimate of fair value (SEK32.41)

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


Price To Earnings Ratio

PE vs Industry: BRIN B is poor value based on its PE Ratio (17.3x) compared to the Swedish Real Estate industry average (11.2x).

PE vs Market: BRIN B is good value based on its PE Ratio (17.3x) compared to the Swedish market (23.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BRIN B is overvalued based on its PB Ratio (2x) compared to the SE Real Estate industry average (1.3x).


Future Growth

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

-23.8%

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 Brinova Fastigheter 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.


Past Performance

How has Brinova Fastigheter performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRIN B has a large one-off gain of SEK182.7M impacting its June 30 2021 financial results.

Growing Profit Margin: BRIN B's current net profit margins (77.5%) are higher than last year (54.7%).


Past Earnings Growth Analysis

Earnings Trend: BRIN B's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: BRIN B's earnings growth over the past year (69.8%) exceeds its 5-year average (18.2% per year).

Earnings vs Industry: BRIN B earnings growth over the past year (69.8%) underperformed the Real Estate industry 72.1%.


Return on Equity

High ROE: BRIN B's Return on Equity (11.6%) is considered low.


Financial Health

How is Brinova Fastigheter's financial position?


Financial Position Analysis

Short Term Liabilities: BRIN B's short term assets (SEK301.3M) do not cover its short term liabilities (SEK1.1B).

Long Term Liabilities: BRIN B's short term assets (SEK301.3M) do not cover its long term liabilities (SEK3.2B).


Debt to Equity History and Analysis

Debt Level: BRIN B's debt to equity ratio (164.2%) is considered high.

Reducing Debt: BRIN B's debt to equity ratio has increased from 119.7% to 164.2% over the past 5 years.

Debt Coverage: BRIN B's debt is not well covered by operating cash flow (4%).

Interest Coverage: BRIN B's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Dividend

What is Brinova Fastigheter current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BRIN B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BRIN B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BRIN B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BRIN B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRIN B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Per Johansson (61 yo)

5.75yrs

Tenure

Mr. Per Johansson serves as Chief Executive Officer at Brinova Fastigheter AB (publ) since 2016 Mr. Johansson was the Chief Executive Officer of Tribona AB (publ) from October 17, 2013 until March 31, 2016...


Leadership Team

Experienced Management: BRIN B's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: BRIN B's board of directors are considered experienced (3.8 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 been diluted in the past year, with total shares outstanding growing by 22.4%.


Top Shareholders

Company Information

Brinova Fastigheter AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Brinova Fastigheter AB (publ)
  • Ticker: BRIN B
  • Exchange: OM
  • Founded: 2011
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr4.772b
  • Shares outstanding: 97.40m
  • Website: https://www.brinova.se

Number of Employees


Location

  • Brinova Fastigheter AB (publ)
  • Landskronavägen 23
  • Helsingborg
  • Skåne County
  • 252 32
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:18
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.