Stock NREN NOVAVEST REAL ESTATE AG
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Financials Novavest Real Estate AG

Equities

NREN

CH0212186248

Real Estate Development & Operations

Market Closed - Swiss Exchange
Other stock markets
 11:31:30 2024-04-26 am EDT 		5-day change 1st Jan Change
34.4 CHF -0.29% Intraday chart for Novavest Real Estate AG -1.15% -5.49%
Apr. 18 Novavest Real Estate Agrees Merger by Absorption with SenioResidenz MT
Apr. 18 Novavest Real Estate AG signed a merger agreement to acquire Senioresidenz AG. CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 201.4 280.1 311 358.6 314.6 280.7
Enterprise Value (EV) 1 490 562 647.8 735.7 750.1 705.3
P/E ratio 16.9 x 15.8 x 15.9 x 11.7 x 14 x -70.7 x
Yield 4.22% 3.79% 3.75% 3.55% 3.06% 3.43%
Capitalization / Revenue 10.4 x 13.1 x 12.8 x 13.4 x 10.8 x 9.4 x
EV / Revenue 25.2 x 26.2 x 26.7 x 27.5 x 25.7 x 23.6 x
EV / EBITDA 37.4 x 39.7 x 40.6 x 37.6 x 26.5 x 25.7 x
EV / FCF 22.2 x 71.1 x 77.2 x 55.5 x 215 x 22 x
FCF Yield 4.51% 1.41% 1.3% 1.8% 0.47% 4.55%
Price to Book 0.99 x 1.08 x 1.07 x 1.07 x 0.91 x 0.85 x
Nbr of stocks (in thousands) 5,150 6,438 7,069 7,711 7,711 7,711
Reference price 2 39.10 43.50 44.00 46.50 40.80 36.40
Announcement Date 2/21/19 2/25/20 2/23/21 2/23/22 2/22/23 2/15/24
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 19.42 21.46 24.28 26.73 29.16 29.86
EBITDA 1 13.1 14.15 15.95 19.55 28.26 27.39
EBIT 1 12.3 13.22 13.78 17.37 18.76 19.49
Operating Margin 63.34% 61.62% 56.75% 64.99% 64.34% 65.28%
Earnings before Tax (EBT) 1 15.09 18.07 20.37 36.53 27.6 -5.174
Net income 1 11.93 14.31 17.84 29.31 22.4 -3.969
Net margin 61.45% 66.67% 73.49% 109.63% 76.83% -13.29%
EPS 2 2.317 2.745 2.760 3.966 2.905 -0.5147
Free Cash Flow 1 22.11 7.907 8.393 13.26 3.495 32.1
FCF margin 113.85% 36.85% 34.57% 49.61% 11.99% 107.52%
FCF Conversion (EBITDA) 168.85% 55.89% 52.61% 67.84% 12.37% 117.2%
FCF Conversion (Net income) 185.27% 55.27% 47.04% 45.25% 15.6% -
Dividend per Share 2 1.650 1.650 1.650 1.650 1.250 1.250
Announcement Date 2/21/19 2/25/20 2/23/21 2/23/22 2/22/23 2/15/24
1CHF in Million2CHF
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 289 282 337 377 435 425
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 22.04 x 19.93 x 21.11 x 19.29 x 15.41 x 15.5 x
Free Cash Flow 1 22.1 7.91 8.39 13.3 3.5 32.1
ROE (net income / shareholders' equity) 5.94% 6.19% 6.47% 9.34% 6.58% -1.17%
ROA (Net income/ Total Assets) 1.55% 1.5% 1.38% 1.53% 1.49% 1.51%
Assets 1 770.5 953.4 1,296 1,913 1,504 -263.4
Book Value Per Share 2 39.40 40.30 41.30 43.50 44.80 43.00
Cash Flow per Share 2 1.800 3.650 2.130 0.3900 0.5600 0.3300
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/21/19 2/25/20 2/23/21 2/23/22 2/22/23 2/15/24
1CHF in Million2CHF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Residential Real Estate Development

1st Jan change Capi.
NOVAVEST REAL ESTATE AG Stock Novavest Real Estate AG
-5.49% 290M
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OPEN HOUSE GROUP CO., LTD. Stock Open House Group Co., Ltd.
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Residential Real Estate Development
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