OLAV THON EIENDOMSSELSKAP AS (OLT.OL) Stock Fundamental Analysis
OSL:OLT - Euronext Oslo - NO0005638858 - Common Stock - Currency: NOK
OLT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 10 industry peers in the Real Estate Management & Development industry. While OLT has a great profitability rating, there are quite some concerns on its financial health. OLT is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year OLT was profitable.
In the past year OLT had a positive cash flow from operations.
OLT had positive earnings in 4 of the past 5 years.
Of the past 5 years OLT 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 3.74%, OLT belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
OLT has a Return On Equity of 7.32%. This is amongst the best in the industry. OLT outperforms 87.88% of its industry peers.
OLT's Return On Invested Capital of 4.45% is amongst the best of the industry. OLT outperforms 86.36% of its industry peers.
OLT had an Average Return On Invested Capital over the past 3 years of 4.07%. This is below the industry average of 6.38%.
The 3 year average ROIC (4.07%) for OLT is below the current ROIC(4.45%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.74% | ||
| ROE | 7.32% | ||
| ROIC | 4.45% |
ROA(3y)1.62%
ROA(5y)2.3%
ROE(3y)3.15%
ROE(5y)4.56%
ROIC(3y)4.07%
ROIC(5y)3.88%
1.3 Margins
OLT has a better Profit Margin (48.53%) than 87.88% of its industry peers.
In the last couple of years the Profit Margin of OLT has remained more or less at the same level.
The Operating Margin of OLT (64.48%) is better than 86.36% of its industry peers.
In the last couple of years the Operating Margin of OLT has remained more or less at the same level.
Looking at the Gross Margin, with a value of 68.73%, OLT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of OLT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.48% | ||
| PM (TTM) | 48.53% | ||
| GM | 68.73% |
OM growth 3Y-0.49%
OM growth 5Y0.1%
PM growth 3Y-21.9%
PM growth 5Y-0.89%
GM growth 3Y-1.61%
GM growth 5Y-1.38%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so OLT is destroying value.
OLT has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for OLT has been reduced compared to 5 years ago.
The debt/assets ratio for OLT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that OLT is in the distress zone and has some risk of bankruptcy.
OLT has a Altman-Z score of 1.36. This is in the better half of the industry: OLT outperforms 74.24% of its industry peers.
OLT has a debt to FCF ratio of 12.46. This is a negative value and a sign of low solvency as OLT would need 12.46 years to pay back of all of its debts.
OLT has a better Debt to FCF ratio (12.46) than 72.73% of its industry peers.
OLT has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
OLT's Debt to Equity ratio of 0.46 is fine compared to the rest of the industry. OLT outperforms 71.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 12.46 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.65
WACC6.84%
2.3 Liquidity
A Current Ratio of 0.16 indicates that OLT may have some problems paying its short term obligations.
The Current ratio of OLT (0.16) is worse than 81.82% of its industry peers.
A Quick Ratio of 0.16 indicates that OLT may have some problems paying its short term obligations.
With a Quick ratio value of 0.16, OLT is not doing good in the industry: 80.30% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.16 | ||
| Quick Ratio | 0.16 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 319.78% over the past year.
The Earnings Per Share has been growing slightly by 4.32% on average over the past years.
Looking at the last year, OLT shows a small growth in Revenue. The Revenue has grown by 1.01% in the last year.
OLT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.70% yearly.
EPS 1Y (TTM)319.78%
EPS 3Y-15.42%
EPS 5Y4.32%
EPS Q2Q%33.33%
Revenue 1Y (TTM)1.01%
Revenue growth 3Y7.54%
Revenue growth 5Y4.7%
Sales Q2Q%-27.37%
3.2 Future
Based on estimates for the next years, OLT will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.36% on average per year.
OLT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.79% yearly.
EPS Next Y5.15%
EPS Next 2Y8.7%
EPS Next 3Y-12.36%
EPS Next 5YN/A
Revenue Next Year3.46%
Revenue Next 2Y2.8%
Revenue Next 3Y-1.79%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.32, OLT is valued on the expensive side.
Based on the Price/Earnings ratio, OLT is valued a bit cheaper than the industry average as 69.70% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.34. OLT is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 12.39 indicates a correct valuation of OLT.
Based on the Price/Forward Earnings ratio, OLT is valued a bit cheaper than 69.70% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, OLT is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.32 | ||
| Fwd PE | 12.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OLT is valued a bit cheaper than 77.27% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OLT indicates a somewhat cheap valuation: OLT is cheaper than 63.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.66 | ||
| EV/EBITDA | 15.56 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OLT does not grow enough to justify the current Price/Earnings ratio.
OLT has a very decent profitability rating, which may justify a higher PE ratio.
OLT's earnings are expected to decrease with -12.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)3.75
PEG (5Y)4.47
EPS Next 2Y8.7%
EPS Next 3Y-12.36%
5. Dividend
5.1 Amount
OLT has a Yearly Dividend Yield of 2.62%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.79, OLT has a dividend in line with its industry peers.
OLT's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
The dividend of OLT is nicely growing with an annual growth rate of 8.90%!
Dividend Growth(5Y)8.9%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
OLT pays out 30.01% of its income as dividend. This is a sustainable payout ratio.
DP30.01%
EPS Next 2Y8.7%
EPS Next 3Y-12.36%
OSL:OLT (6/19/2025, 3:56:53 PM)
280
+1 (+0.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners8.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap28.41B
Analysts83.33
Price Target295.8 (5.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
Yearly Dividend7.04
Dividend Growth(5Y)8.9%
DP30.01%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-33.93%
Min EPS beat(2)-40.04%
Max EPS beat(2)-27.82%
EPS beat(4)0
Avg EPS beat(4)-20.1%
Min EPS beat(4)-40.04%
Max EPS beat(4)-4.19%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-16.6%
Min Revenue beat(2)-25.56%
Max Revenue beat(2)-7.63%
Revenue beat(4)0
Avg Revenue beat(4)-14.55%
Min Revenue beat(4)-25.56%
Max Revenue beat(4)-4.02%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.32 | ||
| Fwd PE | 12.39 | ||
| P/S | 5.8 | ||
| P/FCF | 16.66 | ||
| P/OCF | 16.66 | ||
| P/B | 0.87 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 15.56 |
EPS(TTM)14.49
EY5.18%
EPS(NY)22.6
Fwd EY8.07%
FCF(TTM)16.81
FCFY6%
OCF(TTM)16.81
OCFY6%
SpS48.31
BVpS320.05
TBVpS320.05
PEG (NY)3.75
PEG (5Y)4.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.74% | ||
| ROE | 7.32% | ||
| ROCE | 5.68% | ||
| ROIC | 4.45% | ||
| ROICexc | 4.47% | ||
| ROICexgc | 4.47% | ||
| OM | 64.48% | ||
| PM (TTM) | 48.53% | ||
| GM | 68.73% | ||
| FCFM | 34.8% |
ROA(3y)1.62%
ROA(5y)2.3%
ROE(3y)3.15%
ROE(5y)4.56%
ROIC(3y)4.07%
ROIC(5y)3.88%
ROICexc(3y)4.08%
ROICexc(5y)3.9%
ROICexgc(3y)4.08%
ROICexgc(5y)3.9%
ROCE(3y)5.19%
ROCE(5y)4.95%
ROICexcg growth 3Y6.01%
ROICexcg growth 5Y2.95%
ROICexc growth 3Y6.01%
ROICexc growth 5Y2.94%
OM growth 3Y-0.49%
OM growth 5Y0.1%
PM growth 3Y-21.9%
PM growth 5Y-0.89%
GM growth 3Y-1.61%
GM growth 5Y-1.38%
F-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 12.46 | ||
| Debt/EBITDA | 4.69 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.47 | ||
| Cash Conversion | 53.75% | ||
| Profit Quality | 71.71% | ||
| Current Ratio | 0.16 | ||
| Quick Ratio | 0.16 | ||
| Altman-Z | 1.36 |
F-Score4
WACC6.84%
ROIC/WACC0.65
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)319.78%
EPS 3Y-15.42%
EPS 5Y4.32%
EPS Q2Q%33.33%
EPS Next Y5.15%
EPS Next 2Y8.7%
EPS Next 3Y-12.36%
EPS Next 5YN/A
Revenue 1Y (TTM)1.01%
Revenue growth 3Y7.54%
Revenue growth 5Y4.7%
Sales Q2Q%-27.37%
Revenue Next Year3.46%
Revenue Next 2Y2.8%
Revenue Next 3Y-1.79%
Revenue Next 5YN/A
EBIT growth 1Y-0.41%
EBIT growth 3Y7.01%
EBIT growth 5Y4.81%
EBIT Next Year3.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y19.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y19.47%
OCF growth 3YN/A
OCF growth 5YN/A