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STUD

Studentbostäder i Norden OM:STUDBO Stock Report

Last Price

kr6.07

Market Cap

kr1.3b

7D

17.0%

1Y

-37.0%

Updated

07 Aug, 2022

Data

Company Financials +
STUDBO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health0/6
Dividends0/6

STUDBO Stock Overview

Studentbostäder i Norden AB (publ) owns, develops, and manages student housing properties in long term partnerships with municipalities, regions, and universities.

Studentbostäder i Norden Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Studentbostäder i Norden
Historical stock prices
Current Share Pricekr6.07
52 Week Highkr10.74
52 Week Lowkr3.70
Beta0
1 Month Change33.41%
3 Month Change-20.24%
1 Year Change-36.97%
3 Year Changen/a
5 Year Changen/a
Change since IPO-91.57%

Recent News & Updates

Jul 29
Studentbostäder i Norden AB (publ) (STO:STUDBO) Shares Could Be 38% Below Their Intrinsic Value Estimate

Studentbostäder i Norden AB (publ) (STO:STUDBO) Shares Could Be 38% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Studentbostäder i...

Shareholder Returns

STUDBOSE Real EstateSE Market
7D17.0%-4.6%-2.3%
1Y-37.0%-33.0%-23.1%

Return vs Industry: STUDBO underperformed the Swedish Real Estate industry which returned -33% over the past year.

Return vs Market: STUDBO underperformed the Swedish Market which returned -23.1% over the past year.

Price Volatility

Is STUDBO's price volatile compared to industry and market?
STUDBO volatility
STUDBO Average Weekly Movement10.8%
Real Estate Industry Average Movement6.5%
Market Average Movement7.3%
10% most volatile stocks in SE Market12.9%
10% least volatile stocks in SE Market4.6%

Stable Share Price: STUDBO is more volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: STUDBO's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
200628Rebecka Eidenerthttps://sbsstudent.se

Studentbostäder i Norden AB (publ) owns, develops, and manages student housing properties in long term partnerships with municipalities, regions, and universities. It offers student housing in various university cities across the Nordic region. The company was incorporated in 2006 and is based in Uppsala, Sweden.

Studentbostäder i Norden Fundamentals Summary

How do Studentbostäder i Norden's earnings and revenue compare to its market cap?
STUDBO fundamental statistics
Market Capkr1.34b
Earnings (TTM)kr223.32m
Revenue (TTM)kr229.95m

6.0x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STUDBO income statement (TTM)
Revenuekr229.95m
Cost of Revenuekr107.97m
Gross Profitkr121.99m
Other Expenses-kr101.33m
Earningskr223.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.01
Gross Margin53.05%
Net Profit Margin97.11%
Debt/Equity Ratio204.2%

How did STUDBO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is STUDBO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STUDBO?

Other financial metrics that can be useful for relative valuation.

STUDBO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue22.6x
Enterprise Value/EBITDA50x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does STUDBO's PE Ratio compare to its peers?

STUDBO PE Ratio vs Peers
The above table shows the PE ratio for STUDBO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.2x
FASTAT Aktiebolaget Fastator
2.9x-26.6%kr1.2b
LOGI A Logistea
3.6xn/akr1.7b
ANNE B Annehem Fastigheter
4x-40.2%kr1.7b
FNOVA B Fortinova Fastigheter
6.3xn/akr1.8b
STUDBO Studentbostäder i Norden
6x17.9%kr1.3b

Price-To-Earnings vs Peers: STUDBO is expensive based on its Price-To-Earnings Ratio (6x) compared to the peer average (4.2x).


Price to Earnings Ratio vs Industry

How does STUDBO's PE Ratio compare vs other companies in the SE Real Estate Industry?

Price-To-Earnings vs Industry: STUDBO is expensive based on its Price-To-Earnings Ratio (6x) compared to the Swedish Real Estate industry average (4.6x)


Price to Earnings Ratio vs Fair Ratio

What is STUDBO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STUDBO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio13.4x

Price-To-Earnings vs Fair Ratio: STUDBO is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (13.4x).


Share Price vs Fair Value

What is the Fair Price of STUDBO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STUDBO (SEK6.07) is trading below our estimate of fair value (SEK7.79)

Significantly Below Fair Value: STUDBO is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Studentbostäder i Norden forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STUDBO's forecast earnings growth (17.9% per year) is above the savings rate (0.4%).

Earnings vs Market: STUDBO's earnings (17.9% per year) are forecast to grow faster than the Swedish market (16.4% per year).

High Growth Earnings: STUDBO's earnings are forecast to grow, but not significantly.

Revenue vs Market: STUDBO's revenue (24.9% per year) is forecast to grow faster than the Swedish market (10.9% per year).

High Growth Revenue: STUDBO's revenue (24.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STUDBO's Return on Equity is forecast to be low in 3 years time (16%).


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Past Performance

How has Studentbostäder i Norden performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


169.2%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: STUDBO has a large one-off gain of SEK305.7M impacting its March 31 2022 financial results.

Growing Profit Margin: STUDBO's current net profit margins (97.1%) are higher than last year (52.3%).


Past Earnings Growth Analysis

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

Accelerating Growth: Insufficient data to compare STUDBO's past year earnings growth to its 5-year average.

Earnings vs Industry: STUDBO earnings growth over the past year (169.2%) exceeded the Real Estate industry 90%.


Return on Equity

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


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Financial Health

How is Studentbostäder i Norden's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: STUDBO's short term assets (SEK165.4M) do not cover its short term liabilities (SEK917.5M).

Long Term Liabilities: STUDBO's short term assets (SEK165.4M) do not cover its long term liabilities (SEK3.5B).


Debt to Equity History and Analysis

Debt Level: STUDBO's net debt to equity ratio (199.4%) is considered high.

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

Debt Coverage: STUDBO's debt is not well covered by operating cash flow (2.1%).

Interest Coverage: STUDBO's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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Dividend

What is Studentbostäder i Norden current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate STUDBO'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 STUDBO's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as STUDBO has not reported any payouts.


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Management

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

1.6yrs

Average management tenure


CEO

Rebecka Eidenert (38 yo)

4.58yrs

Tenure

kr2,120,000

Compensation

Ms. Rebecka Eidenert serves as Chief Executive Officer at Studentbostäder i Norden AB (publ) (formerly known as Studentbostäder i Sverige AB (publ)) since 2018.


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Rebecka's total compensation is reasonable compared to companies of similar size in the Swedish market.

Compensation vs Earnings: Insufficient data to compare Rebecka's compensation with company performance.


Leadership Team

Experienced Management: STUDBO's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: STUDBO's board of directors are not considered experienced ( 1.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.2%.


Top Shareholders

Company Information

Studentbostäder i Norden AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Studentbostäder i Norden AB (publ)
  • Ticker: STUDBO
  • Exchange: OM
  • Founded: 2006
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: kr1.340b
  • Shares outstanding: 220.78m
  • Website: https://sbsstudent.se

Number of Employees


Location

  • Studentbostäder i Norden AB (publ)
  • Kungsgatan 47A
  • Uppsala
  • Uppsala County
  • 753 21
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.