OM:TORSAB

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Torslanda Property Investment

Executive Summary

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


Snowflake Analysis

Undervalued with acceptable track record.

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

Stable Share Price: TORSAB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

TORSAB

0.5%

SE Real Estate

-1.9%

SE Market


1 Year Return

-2.5%

TORSAB

6.5%

SE Real Estate

16.7%

SE Market

Return vs Industry: TORSAB underperformed the Swedish Real Estate industry which returned 6.5% over the past year.

Return vs Market: TORSAB underperformed the Swedish Market which returned 16.7% over the past year.


Shareholder returns

TORSABIndustryMarket
7 Day0.7%0.5%-1.9%
30 Day0.3%12.1%1.9%
90 Day7.3%14.6%11.8%
1 Year2.7%-2.5%8.5%6.5%18.7%16.7%
3 Year30.0%10.0%68.6%55.9%32.6%18.4%
5 Year77.4%32.2%127.8%96.5%70.3%37.0%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TORSAB (SEK15.4) is trading below our estimate of fair value (SEK219.25)

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


Price To Earnings Ratio

PE vs Industry: TORSAB is good value based on its PE Ratio (8.6x) compared to the SE Real Estate industry average (10.5x).

PE vs Market: TORSAB is good value based on its PE Ratio (8.6x) compared to the Swedish market (21.6x).


Price to Earnings Growth Ratio

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 good value based on its PB Ratio (0.8x) compared to the SE Real Estate industry average (1.2x).


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?

0.7%

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 Torslanda 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.


Next Steps

Past Performance

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

47.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TORSAB has a large one-off gain of SEK27.8M impacting its June 30 2020 financial results.

Growing Profit Margin: TORSAB's current net profit margins (57.2%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: TORSAB's earnings have grown significantly by 47% per year over the past 5 years.

Accelerating Growth: TORSAB's earnings growth over the past year (82.3%) exceeds its 5-year average (47% per year).

Earnings vs Industry: TORSAB earnings growth over the past year (82.3%) exceeded the Real Estate industry 4.9%.


Return on Equity

High ROE: TORSAB's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Torslanda Property Investment's financial position?


Financial Position Analysis

Short Term Liabilities: TORSAB's short term assets (SEK192.7M) do not cover its short term liabilities (SEK213.2M).

Long Term Liabilities: TORSAB's short term assets (SEK192.7M) do not cover its long term liabilities (SEK1.7B).


Debt to Equity History and Analysis

Debt Level: TORSAB's debt to equity ratio (125%) is considered high.

Reducing Debt: TORSAB's debt to equity ratio has reduced from 145.6% to 125% over the past 5 years.

Debt Coverage: TORSAB's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: TORSAB's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Next Steps

Dividend

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

5.71%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: TORSAB's dividend (5.71%) is higher than the bottom 25% of dividend payers in the Swedish market (1.22%).

High Dividend: TORSAB's dividend (5.71%) is in the top 25% of dividend payers in the Swedish market (4.36%)


Stability and Growth of Payments

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

Growing Dividend: TORSAB's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.3%), TORSAB'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?

1.7yrs

Average board tenure


CEO

Stefan Berg

1.67yrs

Tenure

Mr. Stefan Berg has been Chief Executive Officer of Torslanda Property Investment AB (publ) since 2019. He was Head of Business Development at Magnolia Bostad AB (publ) since November 2017 until October 20 ...


Board Members

NamePositionTenureCompensationOwnership
Jens Engwall
Chairman of the Board1.67yrsno datano data
Johan Hessius
Director1.67yrsno datano data
David Mindus
Director1.67yrsno datano data
Ann-Sofie Lindroth
Director1.67yrsno datano data
Pontus Kågerman
Independent Director5.67yrskr50.00kno data

1.7yrs

Average Tenure

62yo

Average Age

Experienced Board: TORSAB'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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 230.7%.


Top Shareholders

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: kr1.090b
  • Shares outstanding: 70.78m
  • Website: https://www.torslandapropertyinvestment.com

Number of Employees


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 Analysis2020/09/23 03:40
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
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.