Ovaro Kiinteistösijoitus
3.46
EUR
+0.29 %
OVARO
NASDAQ Helsinki
Real Estate Management & Development
Real Estate
4,297 following
+0.29%
+1.76%
-11.28%
-9.9%
-16.43%
-1.42%
+1.47%
+3.28%
-18.59%
-66.41%
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)
-19.44
EV/EBIT (adj.) (24e)
-63.06
P/B (24e)
0.66
Dividend yield-% (24e)
0.58 %
Target price
4.10 EUR
Recommendation
Accumulate
Updated
14.11.2024
NASDAQ Helsinki
OVARO
Daily low / high price
3.43 / 3.47
EUR
Market cap
29.76M EUR
Turnover
9.8K EUR
Volume
2.8K
Business risk
Valuation risk
Current
Previous
Analyst
Frans-Mikael Rostedt
Analyst
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 % |
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 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 4.16 | 2.82 | 2.83 | 3.51 | 3.46 | 3.46 | 3.46 | 3.46 |
| 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 | 28.3 | 28.3 | 28.3 | 28.3 |
| Enterprise value | 89.4 | 28.3 | 35.5 | 37.1 | 39.9 | 45.0 | 67.8 | 53.7 |
| EV/S | 9.2 | 3.5 | 6.5 | 6.6 | 7.4 | 8.4 | 10.8 | 1.0 |
| EV/EBITDA | - | - | 55.1 | 11.8 | - | 14.3 | 9.9 | 8.2 |
| EV/EBIT (adj.) | - | - | 55.1 | 11.8 | - | 14.3 | 9.9 | 8.2 |
| EV/EBIT | - | - | 55.1 | 11.8 | - | 14.3 | 9.9 | 8.2 |
| P/E (adj.) | - | - | 55.0 | 11.6 | - | 13.7 | 6.2 | 6.8 |
| P/E | - | - | 55.0 | 11.6 | - | 13.7 | 6.2 | 6.8 |
| P/B | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 |
| P/S | 4.0 | 3.1 | 4.5 | 5.3 | 5.3 | 5.3 | 4.5 | 0.5 |
| Dividend yield | 1.1 % | 3.7 % | 0.6 % | 0.6 % | 2.3 % | 4.3 % | ||
| 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 % |
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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