Financials Victoria Eiendom

Equities

VIEI

NO0003041402

Real Estate Development & Operations

End-of-day quote Norwegian OTC 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
645 NOK -6.11% Intraday chart for Victoria Eiendom -7.86% +7.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,117 10,647 8,505 9,003 7,291 7,233
Enterprise Value (EV) 1 10,184 20,380 16,272 18,615 19,051 19,142
P/E ratio 7.4 x 19.9 x 9.03 x 14 x 10.8 x 68.4 x
Yield 1.1% 0.5% 1.33% 1.22% 1.58% 2.17%
Capitalization / Revenue 11.7 x 5.5 x 18.2 x 8.39 x 2.92 x 7.51 x
EV / Revenue 13.1 x 10.5 x 34.8 x 17.4 x 7.63 x 19.9 x
EV / EBITDA 14.3 x 13.5 x 129 x 25 x 8.74 x 31 x
EV / FCF 67.8 x -71.4 x -15.8 x -20.2 x -27.6 x -51.1 x
FCF Yield 1.47% -1.4% -6.31% -4.96% -3.63% -1.96%
Price to Book 2.56 x 1.41 x 1 x 1.16 x 0.89 x 0.86 x
Nbr of stocks (in thousands) 13,407 13,309 13,289 12,249 12,152 12,054
Reference price 2 680.0 800.0 640.0 735.0 600.0 600.0
Announcement Date 30/04/19 07/04/20 22/03/21 06/04/22 30/03/23 02/04/24
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 776.7 1,934 467.9 1,072 2,495 962.9
EBITDA 1 711.1 1,513 125.8 743.8 2,180 617.4
EBIT 1 697.3 1,347 -43.9 580.8 1,982 418.6
Operating Margin 89.78% 69.66% -9.38% 54.15% 79.42% 43.47%
Earnings before Tax (EBT) 1 1,380 1,272 1,448 1,177 1,525 260.3
Net income 1 1,252 536.3 943.4 651.9 677.3 106
Net margin 161.13% 27.73% 201.62% 60.78% 27.14% 11.01%
EPS 2 91.84 40.25 70.91 52.33 55.69 8.768
Free Cash Flow 1 150.2 -285.5 -1,027 -922.6 -691.5 -374.7
FCF margin 19.33% -14.76% -219.47% -86.02% -27.71% -38.92%
FCF Conversion (EBITDA) 21.12% - - - - -
FCF Conversion (Net income) 12% - - - - -
Dividend per Share 2 7.500 4.000 8.500 9.000 9.500 13.00
Announcement Date 30/04/19 07/04/20 22/03/21 06/04/22 30/03/23 02/04/24
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,068 9,733 7,768 9,613 11,760 11,909
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.502 x 6.432 x 61.74 x 12.92 x 5.393 x 19.29 x
Free Cash Flow 1 150 -286 -1,027 -923 -692 -375
ROE (net income / shareholders' equity) 37.7% 11.1% 9.14% 6.98% 8.11% 1%
ROA (Net income/ Total Assets) 8.75% 5.47% -0.11% 1.43% 4.58% 0.91%
Assets 1 14,303 9,811 -869,493 45,706 14,791 11,591
Book Value Per Share 2 266.0 567.0 640.0 634.0 677.0 698.0
Cash Flow per Share 2 8.410 11.20 16.40 26.60 17.80 22.70
Capex 1 523 989 1,154 1,505 1,755 695
Capex / Sales 67.34% 51.15% 246.66% 140.35% 70.33% 72.18%
Announcement Date 30/04/19 07/04/20 22/03/21 06/04/22 30/03/23 02/04/24
1NOK in Million2NOK
Estimates
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