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Ovaro Kiinteistösijoitus
3.37
EUR
+0.6 %
OVARO
NASDAQ Helsinki
Real Estate Management & Development
Real Estate
4,296 following
+0.6%
-12.01%
-12.01%
-20.14%
-3.99%
-0.3%
+1.51%
-20.33%
-67.28%
ovaro.fi/sijoittajat
Ovaro Kiinteistösijoitus is a company focused on real estate investments and especially real estate development, which mainly buys, develops and sells offices and land areas. Ovaro also owns and rents offices and apartments. The company operates in various parts of Finland, but focuses its operations on Finland's growth centers, i.e. university towns and the capital region.
P/E (adj.) (24e)
-18.93
EV/EBIT (adj.) (24e)
-61.9
P/B (24e)
0.65
Dividend yield-% (24e)
0.59 %
Target price
4.10 EUR
Recommendation
Accumulate
Updated
14.11.2024
NASDAQ Helsinki
OVARO
Daily low / high price
3.3 / 3.38
EUR
Market cap
28.98M EUR
Turnover
8.17K EUR
Volume
2.4K
Business risk
Valuation risk
Current
Previous
Analyst
Frans-Mikael Rostedt
Analyst
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Royal House | 15.3 % | 15.3 % |
| Osuusasunnot | 14.1 % | 14.1 % |
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Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Pekka Ollikainen | 27.09.2024 | 9,443EUR |
| Marko Kaarto | 20.08.2024 | 5,677EUR |
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Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.7 | 8.2 | 5.4 | 5.6 | 5.4 | 5.4 | 6.3 | 52.7 |
| growth-% | -11.7 % | -15.6 % | -33.4 % | 3.0 % | -4.1 % | 0.1 % | 16.6 % | 740.9 % |
| EBITDA | -11.7 | -11.6 | 0.6 | 3.1 | -0.6 | 3.2 | 6.8 | 6.6 |
| EBIT (adj.) | -11.7 | -11.6 | 0.6 | 3.1 | -0.6 | 3.2 | 6.8 | 6.6 |
| EBIT | -11.7 | -11.6 | 0.6 | 3.1 | -0.6 | 3.2 | 6.8 | 6.6 |
| Profit before taxes | -14.4 | -14.0 | 0.4 | 2.8 | -1.3 | 2.4 | 5.5 | 5.0 |
| Net income | -11.5 | -13.1 | 0.4 | 2.6 | -1.5 | 2.1 | 4.6 | 4.2 |
| EPS (adj.) | -1.25 | -1.46 | 0.05 | 0.30 | -0.18 | 0.25 | 0.56 | 0.51 |
| growth-% | 488.2 % | -158.8 % | 120.8 % | -8.1 % | ||||
| Dividend | 0.00 | 0.00 | 0.03 | 0.13 | 0.02 | 0.02 | 0.08 | 0.15 |
| Dividend ratio | 58.3 % | 42.3 % | -11.1 % | 7.9 % | 14.4 % | 29.3 % |
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Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | -121.3 % | -142.4 % | 11.8 % | 56.2 % | -11.8 % | 58.7 % | 108.9 % | 12.5 % |
| EBIT-% (adj.) | -121.3 % | -142.4 % | 11.8 % | 56.2 % | -11.8 % | 58.7 % | 108.9 % | 12.5 % |
| EBIT-% | -121.3 % | -142.4 % | 11.8 % | 56.2 % | -11.8 % | 58.7 % | 108.9 % | 12.5 % |
| ROE | -17.7 % | -25.2 % | 1.0 % | 5.7 % | -3.3 % | 4.7 % | 9.8 % | 8.3 % |
| ROI | -8.7 % | -13.4 % | 1.1 % | 5.1 % | -1.0 % | 4.7 % | 8.1 % | 7.1 % |
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Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 4.16 | 2.82 | 2.83 | 3.51 | 3.37 | 3.37 | 3.37 | 3.37 |
| Shares | 9.2 | 9.0 | 8.7 | 8.4 | 8.2 | 8.2 | 8.2 | 8.2 |
| Market cap | 38.3 | 25.3 | 24.7 | 29.5 | 27.5 | 27.5 | 27.5 | 27.5 |
| Enterprise value | 89.4 | 28.3 | 35.5 | 37.1 | 39.1 | 44.3 | 67.1 | 53.0 |
| EV/S | 9.2 | 3.5 | 6.5 | 6.6 | 7.3 | 8.2 | 10.7 | 1.0 |
| EV/EBITDA | - | - | 55.1 | 11.8 | - | 14.0 | 9.8 | 8.1 |
| EV/EBIT (adj.) | - | - | 55.1 | 11.8 | - | 14.0 | 9.8 | 8.1 |
| EV/EBIT | - | - | 55.1 | 11.8 | - | 14.0 | 9.8 | 8.1 |
| P/E (adj.) | - | - | 55.0 | 11.6 | - | 13.4 | 6.0 | 6.6 |
| P/E | - | - | 55.0 | 11.6 | - | 13.4 | 6.0 | 6.6 |
| P/B | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 |
| P/S | 4.0 | 3.1 | 4.5 | 5.3 | 5.1 | 5.1 | 4.4 | 0.5 |
| Dividend yield | 1.1 % | 3.7 % | 0.6 % | 0.6 % | 2.4 % | 4.5 % | ||
| Equity ratio | 50.7 % | 76.1 % | 70.8 % | 72.6 % | 74.1 % | 69.4 % | 54.4 % | 64.4 % |
| Gearing ratio | 86.6 % | 6.5 % | 24.1 % | 16.4 % | 24.4 % | 33.9 % | 73.4 % | 44.4 % |
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Quarter data
| Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4 | 1.4 | 1.4 | 1.4 | 5.6 | 1.2 | 1.6 | 1.4 | 1.1 |
| EBITDA | -0.1 | 3.9 | -0.5 | -0.2 | 3.1 | 0.5 | 1.1 | -2.2 | -0.0 |
| EBIT | -0.1 | 3.9 | -0.5 | -0.2 | 3.1 | 0.5 | 1.1 | -2.2 | -0.0 |
| Profit before taxes | -0.2 | 3.9 | -0.5 | -0.3 | 2.8 | 0.3 | 0.9 | -2.4 | -0.2 |
| Net income | -0.2 | 3.6 | -0.3 | -0.5 | 2.6 | 0.1 | 0.7 | -2.1 | -0.1 |
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More challenging operating environment reflected in the valuation of the Nordic real estate sector
Ovaron asuntomyynti ja Ydintoiminnan vuokrausaste syyskuussa
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