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1. Company Snapshot

1.a. Company Description

Olav Thon Eiendomsselskap ASA engages in the property rental business in Norway and Sweden.The company is also involved in the property development and management business.As of December 31, 2021, it had 60 shopping centers, as well as managed 16 centers for external owners.


The company was founded in 1982 and is based in Oslo, Norway.Olav Thon Eiendomsselskap ASA is s a subsidiary of Olav Thon Group.

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1.b. Last Insights on OLT

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.83%)

6. Segments

Real Estate

Expected Growth: 4.83%

Olav Thon Eiendomsselskap ASA's 4.83% growth in Real Estate is driven by increasing demand for commercial properties, strategic acquisitions, and effective asset management. Norway's strong economy, low interest rates, and urbanization trends also contribute to the growth. Additionally, the company's diversified portfolio and focus on sustainable development support its expansion.

7. Detailed Products

Office Rentals

Olav Thon Eiendomsselskap ASA offers office spaces for rent in prime locations across Norway, catering to businesses of all sizes.

Retail Rentals

The company provides retail spaces for rent in popular shopping centers and high-street locations, ideal for retailers and restaurateurs.

Hotel Operations

Olav Thon Eiendomsselskap ASA owns and operates several hotels across Norway, offering accommodation and conference facilities.

Property Development

The company develops and invests in new properties, including office buildings, shopping centers, and hotels.

Property Management

Olav Thon Eiendomsselskap ASA provides property management services, including maintenance, leasing, and facility management.

8. Olav Thon Eiendomsselskap ASA's Porter Forces

Forces Ranking

Threat Of Substitutes

Olav Thon Eiendomsselskap ASA operates in the real estate industry, where substitutes are limited. However, the company's focus on commercial properties makes it vulnerable to substitutes such as coworking spaces and flexible office solutions.

Bargaining Power Of Customers

Olav Thon Eiendomsselskap ASA's customers are primarily businesses and organizations, which have limited bargaining power due to the company's strong market position and diversified tenant base.

Bargaining Power Of Suppliers

Olav Thon Eiendomsselskap ASA relies on a network of suppliers for construction, maintenance, and other services. While the company has some bargaining power, suppliers can still exert some pressure due to the specialized nature of their services.

Threat Of New Entrants

The real estate industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This limits the threat of new entrants and gives Olav Thon Eiendomsselskap ASA a competitive advantage.

Intensity Of Rivalry

The Norwegian real estate market is highly competitive, with several established players competing for market share. Olav Thon Eiendomsselskap ASA must continually innovate and improve its offerings to maintain its market position.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 41.15%
Debt Cost 6.44%
Equity Weight 58.85%
Equity Cost 8.42%
WACC 7.61%
Leverage 69.92%

11. Quality Control: Olav Thon Eiendomsselskap ASA passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Olav Thon Eiendomsselskap

A-Score: 6.3/10

Value: 5.4

Growth: 4.4

Quality: 6.1

Yield: 5.0

Momentum: 8.0

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
Intershop Holding

A-Score: 5.8/10

Value: 3.4

Growth: 0.9

Quality: 7.9

Yield: 7.5

Momentum: 8.5

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
Cibus Nordic Real Estate

A-Score: 5.4/10

Value: 3.6

Growth: 3.4

Quality: 5.6

Yield: 7.5

Momentum: 3.5

Volatility: 8.7

1-Year Total Return ->

View Full Report
Stock-Card
Selvaag Bolig

A-Score: 5.3/10

Value: 6.0

Growth: 1.1

Quality: 3.7

Yield: 8.1

Momentum: 5.0

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Realia Business

A-Score: 4.6/10

Value: 5.4

Growth: 3.2

Quality: 5.6

Yield: 1.2

Momentum: 3.0

Volatility: 9.0

1-Year Total Return ->

View Full Report
Stock-Card
Norden

A-Score: 3.9/10

Value: 8.1

Growth: 2.0

Quality: 3.4

Yield: 5.0

Momentum: 4.0

Volatility: 0.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

333.0$

Current Price

333$

Potential

-0.00%

Expected Cash-Flows