The Group has an exceptional property portfolio with dominant position in Romania, Poland and Slovakia and strong presence in Croatia, Bulgaria, Hungary, Czech Republic, Serbia and Lithuania.
NEPI Rockcastle Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R102.20|
|52 Week High||R56.19|
|52 Week Low||R112.99|
|1 Month Change||-0.029%|
|3 Month Change||0.41%|
|1 Year Change||56.65%|
|3 Year Change||-16.07%|
|5 Year Change||n/a|
|Change since IPO||-39.70%|
Recent News & Updates
|NRP||ZA Real Estate||ZA Market|
Return vs Industry: NRP exceeded the ZA Real Estate industry which returned 54.9% over the past year.
Return vs Market: NRP exceeded the ZA Market which returned 20.7% over the past year.
Stable Share Price: NRP is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NRP's weekly volatility (2%) has been stable over the past year.
About the Company
The Group has an exceptional property portfolio with dominant position in Romania, Poland and Slovakia and strong presence in Croatia, Bulgaria, Hungary, Czech Republic, Serbia and Lithuania. NEPI Rockcastle’s shares are listed on Johannesburg Stock Exchange Limited (JSE) and Euronext Amsterdam, and its bonds are listed on the Irish Stock Exchange. The Group is investment-grade rated by Standard & Poor’s (BBB, stable outlook), Fitch (BBB, stable outlook) and Moody’s (Baa3, stable outlook).
NEPI Rockcastle Fundamentals Summary
|NRP fundamental statistics|
Is NRP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NRP income statement (TTM)|
|Cost of Revenue||€164.98m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 18, 2021
|Earnings per share (EPS)||0.25|
|Net Profit Margin||30.07%|
How did NRP perform over the long term?See historical performance and comparison
5.9%Current Dividend Yield
Is NEPI Rockcastle undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NRP (ZAR102.2) is trading above our estimate of fair value (ZAR96.4)
Significantly Below Fair Value: NRP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NRP is poor value based on its PE Ratio (23.7x) compared to the ZA Real Estate industry average (16.7x).
PE vs Market: NRP is poor value based on its PE Ratio (23.7x) compared to the ZA market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: NRP is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: NRP is overvalued based on its PB Ratio (1x) compared to the ZA Real Estate industry average (0.6x).
How is NEPI Rockcastle forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRP's forecast earnings growth (50.5% per year) is above the savings rate (8.8%).
Earnings vs Market: NRP's earnings (50.5% per year) are forecast to grow faster than the ZA market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NRP's revenue (9.1% per year) is forecast to grow faster than the ZA market (6.2% per year).
High Growth Revenue: NRP's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NRP's Return on Equity is forecast to be low in 3 years time (8.6%).
How has NEPI Rockcastle performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRP has a large one-off loss of €91.5M impacting its June 30 2021 financial results.
Growing Profit Margin: NRP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NRP's earnings have grown by 3.5% per year over the past 5 years.
Accelerating Growth: NRP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NRP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-0.5%).
Return on Equity
High ROE: NRP's Return on Equity (4.1%) is considered low.
How is NEPI Rockcastle's financial position?
Financial Position Analysis
Short Term Liabilities: NRP's short term assets (€509.9M) exceed its short term liabilities (€121.2M).
Long Term Liabilities: NRP's short term assets (€509.9M) do not cover its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: NRP's debt to equity ratio (60.5%) is considered high.
Reducing Debt: NRP's debt to equity ratio has increased from 35.2% to 60.5% over the past 5 years.
Debt Coverage: NRP's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: NRP's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is NEPI Rockcastle current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRP's dividend (5.93%) is higher than the bottom 25% of dividend payers in the ZA market (3.05%).
High Dividend: NRP's dividend (5.93%) is low compared to the top 25% of dividend payers in the ZA market (8.02%).
Stability and Growth of Payments
Stable Dividend: NRP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NRP has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (138.9%), NRP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NRP's dividends in 3 years are forecast to be covered by earnings (87.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Morar (38 yo)
Mr. Alexandru Morar, B.sc., also known as Alex, has been Chief Executive Officer of NEPI Rockcastle PLC since June 2018. Mr. Morar served as Joint Chief Executive Officer of NEPI Rockcastle PLC since Augus...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD938.48K) is about average for companies of similar size in the ZA market ($USD1.26M).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Experienced Management: NRP's management team is seasoned and experienced (6.1 years average tenure).
Experienced Board: NRP's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NEPI Rockcastle plc's employee growth, exchange listings and data sources
- Name: NEPI Rockcastle plc
- Ticker: NRP
- Exchange: JSE
- Founded: NaN
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: R62.239b
- Shares outstanding: 608.99m
- Website: https://www.nepirockcastle.com
Number of Employees
- NEPI Rockcastle plc
- 30 Athol Street
- 2nd Floor
- IM1 1JB
- Isle of Man
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/14 21:26|
|End of Day Share Price||2021/10/14 00:00|