OM:TORSAB

Stock Analysis Report

Torslanda Property Investment

Executive Summary

Torslanda Property Investment AB (publ), a real estate company, owns, manages, and leases properties in Gothenburg, Sweden.

Snowflake

Fundamentals

Questionable track record with limited growth.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

TORSAB

0.9%

SE Real Estate

2.7%

SE Market


1 Year Return

20.9%

TORSAB

42.1%

SE Real Estate

10.0%

SE Market

Return vs Industry: TORSAB underperformed the Swedish Real Estate industry which returned 42.1% over the past year.

Return vs Market: TORSAB exceeded the Swedish Market which returned 10% over the past year.


Shareholder returns

TORSABIndustryMarket
7 Day-1.2%0.9%2.7%
30 Day-0.6%6.7%1.9%
90 Day-2.4%10.6%3.2%
1 Year27.8%20.9%48.4%42.1%14.7%10.0%
3 Year49.7%25.6%72.0%56.5%31.1%11.4%
5 Yearn/a202.4%157.6%61.5%27.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: TORSAB (SEK162) is trading below our estimate of fair value (SEK200.31)

Significantly Undervalued: TORSAB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TORSAB is poor value based on its PE Ratio (19.1x) compared to the Real Estate industry average (9.8x).

PE vs Market: TORSAB is poor value based on its PE Ratio (19.1x) compared to the Swedish market (16.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TORSAB is overvalued based on its PB Ratio (1.7x) compared to the SE Real Estate industry average (1.3x).


Next Steps

Future Growth

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

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TORSAB's forecast earnings growth (10.6% per year) is above the savings rate (0.4%).

Earnings vs Market: TORSAB's earnings (10.6% per year) are forecast to grow faster than the Swedish market (9.4% per year).

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

Revenue vs Market: Insufficient data to determine if TORSAB's revenue is forecast to grow faster than the Swedish market.

High Growth Revenue: Insufficient data to determine if TORSAB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if TORSAB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Torslanda Property Investment performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TORSAB's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: TORSAB's earnings growth over the past year (6.2%) is below its 5-year average (21.9% per year).

Earnings vs Industry: TORSAB earnings growth over the past year (6.2%) underperformed the Real Estate industry 6.3%.


Return on Equity

High ROE: TORSAB's Return on Equity (9.1%) is considered low.


Return on Assets

ROA vs Industry: TORSAB's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: TORSAB has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Torslanda Property Investment's financial position?


Financial Position Analysis

Short Term Liabilities: TORSAB's short term assets (SEK47.4M) exceeds its short term liabilities (SEK47.1M)

Long Term Liabilities: TORSAB's short term assets (47.4M) do not cover its long term liabilities (277.6M)


Debt to Equity History and Analysis

Debt Level: TORSAB's debt to equity ratio (133%) is considered high

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

Debt Coverage: TORSAB's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: TORSAB's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet

Inventory Level: TORSAB has a high level of physical assets or inventory.

Debt Coverage by Assets: TORSAB's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Torslanda Property Investment's current dividend yield, its reliability and sustainability?

4.94%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Torslanda Property Investment before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.9%marketbottom25%1.8%markettop25%4.7%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TORSAB's dividend (4.94%) is higher than the bottom 25% of dividend payers in the Swedish market (1.8%).

High Dividend: TORSAB's dividend (4.94%) is in the top 25% of dividend payers in the Swedish market (4.67%)

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

Growing Dividend: TORSAB has only been paying a dividend for 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.5%), TORSAB's dividend payments are not 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

What is the CEO of Torslanda Property Investment's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average board tenure


CEO

Mattias Rickardsson (45yo)

1.8yrs

Tenure

0

Mr. Mattias Rickardsson has been Chief Executive Officer at Link Prop Investment AB (publ) since 2018. Mr. Rickardsson has been Chief Executive Officer of Torslanda Property Investment AB (Publ) since janu ...


Board Age and Tenure

0.8yrs

Average Tenure

61yo

Average Age

Experienced Board: TORSAB's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mattias Rickardsson (45yo)

    Chief Executive Officer

    • Tenure: 1.8yrs

Board Members

  • Jens Engwall (63yo)

    Chairman of the Board

    • Tenure: 0.8yrs
  • Johan Hessius (61yo)

    Director

    • Tenure: 0.8yrs
  • David Mindus (47yo)

    Director

    • Tenure: 0.8yrs
  • Ann-Sofie Lindroth (43yo)

    Director

    • Tenure: 0.8yrs
  • Pontus Kågerman (71yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: kr50.00k

Company Information

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


Key Information

  • Name: Torslanda Property Investment AB (publ)
  • Ticker: TORSAB
  • Exchange: OM
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr1.132b
  • Shares outstanding: 7.08m
  • Website: https://www.torslandapropertyinvestment.com

Location

  • Torslanda Property Investment AB (publ)
  • Engelbrektsplan 1
  • Stockholm
  • Stockholm County
  • 114 34
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TORSABOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJan 2015

Biography

Torslanda Property Investment AB (publ), a real estate company, owns, manages, and leases properties in Gothenburg, Sweden. It engages in the leasing of office and parking spaces. The company was founded i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:25
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.