SELVAAG BOLIG ASA (SBO.OL) Stock Fundamental Analysis
OSL:SBO - Euronext Oslo - NO0010612450 - Common Stock - Currency: NOK
We assign a fundamental rating of 3 out of 10 to SBO. SBO was compared to 64 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of SBO get a neutral evaluation. Nothing too spectacular is happening here. SBO is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SBO had positive earnings in the past year.
In the past year SBO had a positive cash flow from operations.
Each year in the past 5 years SBO has been profitable.
In the past 5 years SBO always reported a positive cash flow from operatings.
1.2 Ratios
SBO's Return On Assets of 3.43% is amongst the best of the industry. SBO outperforms 82.81% of its industry peers.
The Return On Equity of SBO (7.42%) is better than 85.94% of its industry peers.
With a Return On Invested Capital value of 2.27%, SBO perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
SBO had an Average Return On Invested Capital over the past 3 years of 4.82%. This is in line with the industry average of 4.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.43% | ||
| ROE | 7.42% | ||
| ROIC | 2.27% |
ROA(3y)4.76%
ROA(5y)9.7%
ROE(3y)10.85%
ROE(5y)23.15%
ROIC(3y)4.82%
ROIC(5y)6.64%
1.3 Margins
With a decent Profit Margin value of 8.98%, SBO is doing good in the industry, outperforming 70.31% of the companies in the same industry.
SBO's Profit Margin has declined in the last couple of years.
SBO has a Operating Margin of 6.39%. This is comparable to the rest of the industry: SBO outperforms 57.81% of its industry peers.
SBO's Operating Margin has declined in the last couple of years.
SBO has a Gross Margin (19.82%) which is comparable to the rest of the industry.
SBO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.39% | ||
| PM (TTM) | 8.98% | ||
| GM | 19.82% |
OM growth 3Y-26.1%
OM growth 5Y-23.14%
PM growth 3Y-15.43%
PM growth 5Y-14.31%
GM growth 3Y-4.94%
GM growth 5Y-9.32%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SBO is destroying value.
Compared to 1 year ago, SBO has about the same amount of shares outstanding.
Compared to 5 years ago, SBO has more shares outstanding
The debt/assets ratio for SBO is higher compared to a year ago.
2.2 Solvency
SBO has an Altman-Z score of 1.78. This is a bad value and indicates that SBO is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.78, SBO belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
The Debt to FCF ratio of SBO is 19.90, which is on the high side as it means it would take SBO, 19.90 years of fcf income to pay off all of its debts.
SBO's Debt to FCF ratio of 19.90 is fine compared to the rest of the industry. SBO outperforms 62.50% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that SBO is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.62, SBO is in the better half of the industry, outperforming 65.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 19.9 | ||
| Altman-Z | 1.78 |
ROIC/WACC0.32
WACC7.04%
2.3 Liquidity
SBO has a Current Ratio of 3.10. This indicates that SBO is financially healthy and has no problem in meeting its short term obligations.
SBO has a better Current ratio (3.10) than 82.81% of its industry peers.
A Quick Ratio of 0.39 indicates that SBO may have some problems paying its short term obligations.
SBO's Quick ratio of 0.39 is on the low side compared to the rest of the industry. SBO is outperformed by 67.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.1 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
SBO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.82%.
The earnings per share for SBO have been decreasing by -15.66% on average. This is quite bad
Looking at the last year, SBO shows a very negative growth in Revenue. The Revenue has decreased by -39.44% in the last year.
Measured over the past years, SBO shows a decrease in Revenue. The Revenue has been decreasing by -0.53% on average per year.
EPS 1Y (TTM)-27.82%
EPS 3Y-20.07%
EPS 5Y-15.66%
EPS Q2Q%-56.9%
Revenue 1Y (TTM)-39.44%
Revenue growth 3Y6.45%
Revenue growth 5Y-0.53%
Sales Q2Q%-61.15%
3.2 Future
Based on estimates for the next years, SBO will show a small growth in Earnings Per Share. The EPS will grow by 1.01% on average per year.
The Revenue is expected to decrease by -2.16% on average over the next years.
EPS Next Y-22.64%
EPS Next 2Y-30.4%
EPS Next 3Y2.05%
EPS Next 5Y1.01%
Revenue Next Year-38.78%
Revenue Next 2Y-23.32%
Revenue Next 3Y0.97%
Revenue Next 5Y-2.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
Based on the Price/Earnings ratio of 13.32, the valuation of SBO can be described as correct.
Based on the Price/Earnings ratio, SBO is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 24.29. SBO is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 27.50 indicates a quite expensive valuation of SBO.
SBO's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of SBO to the average of the S&P500 Index (20.42), we can say SBO is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 27.5 |
4.2 Price Multiples
SBO's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBO is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.6 | ||
| EV/EBITDA | 29.73 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-30.4%
EPS Next 3Y2.05%
5. Dividend
5.1 Amount
SBO has a Yearly Dividend Yield of 3.60%.
Compared to an average industry Dividend Yield of 7.23, SBO pays a bit more dividend than its industry peers.
SBO's Dividend Yield is a higher than the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
5.2 History
The dividend of SBO decreases each year by -26.04%.
Dividend Growth(5Y)-26.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
52.93% of the earnings are spent on dividend by SBO. This is a bit on the high side, but may be sustainable.
DP52.93%
EPS Next 2Y-30.4%
EPS Next 3Y2.05%
OSL:SBO (5/7/2025, 12:18:15 PM)
34.9
-0.05 (-0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners19.49%
Inst Owner ChangeN/A
Ins Owners7.59%
Ins Owner ChangeN/A
Market Cap3.27B
Analysts44.44
Price Target34.34 (-1.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
Yearly Dividend1
Dividend Growth(5Y)-26.04%
DP52.93%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-89.14%
Min EPS beat(2)-147.52%
Max EPS beat(2)-30.76%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-17.3%
Min Revenue beat(2)-20.27%
Max Revenue beat(2)-14.32%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)10.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.05%
EPS NY rev (3m)-16.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.34%
Revenue NY rev (3m)-4.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 27.5 | ||
| P/S | 1.66 | ||
| P/FCF | 39.6 | ||
| P/OCF | 37.59 | ||
| P/B | 1.37 | ||
| P/tB | 1.63 | ||
| EV/EBITDA | 29.73 |
EPS(TTM)2.62
EY7.51%
EPS(NY)1.27
Fwd EY3.64%
FCF(TTM)0.88
FCFY2.53%
OCF(TTM)0.93
OCFY2.66%
SpS21.02
BVpS25.44
TBVpS21.35
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.43% | ||
| ROE | 7.42% | ||
| ROCE | 3.18% | ||
| ROIC | 2.27% | ||
| ROICexc | 2.49% | ||
| ROICexgc | 2.74% | ||
| OM | 6.39% | ||
| PM (TTM) | 8.98% | ||
| GM | 19.82% | ||
| FCFM | 4.19% |
ROA(3y)4.76%
ROA(5y)9.7%
ROE(3y)10.85%
ROE(5y)23.15%
ROIC(3y)4.82%
ROIC(5y)6.64%
ROICexc(3y)5.33%
ROICexc(5y)7.66%
ROICexgc(3y)5.91%
ROICexgc(5y)8.54%
ROCE(3y)6.74%
ROCE(5y)9.57%
ROICexcg growth 3Y-40.34%
ROICexcg growth 5Y-33.62%
ROICexc growth 3Y-40.15%
ROICexc growth 5Y-33.35%
OM growth 3Y-26.1%
OM growth 5Y-23.14%
PM growth 3Y-15.43%
PM growth 5Y-14.31%
GM growth 3Y-4.94%
GM growth 5Y-9.32%
F-Score5
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 19.9 | ||
| Debt/EBITDA | 10.82 | ||
| Cap/Depr | 45.1% | ||
| Cap/Sales | 0.22% | ||
| Interest Coverage | 1.84 | ||
| Cash Conversion | 64.16% | ||
| Profit Quality | 46.71% | ||
| Current Ratio | 3.1 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 1.78 |
F-Score5
WACC7.04%
ROIC/WACC0.32
Cap/Depr(3y)36.29%
Cap/Depr(5y)28.55%
Cap/Sales(3y)0.14%
Cap/Sales(5y)0.11%
Profit Quality(3y)184.13%
Profit Quality(5y)147.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.82%
EPS 3Y-20.07%
EPS 5Y-15.66%
EPS Q2Q%-56.9%
EPS Next Y-22.64%
EPS Next 2Y-30.4%
EPS Next 3Y2.05%
EPS Next 5Y1.01%
Revenue 1Y (TTM)-39.44%
Revenue growth 3Y6.45%
Revenue growth 5Y-0.53%
Sales Q2Q%-61.15%
Revenue Next Year-38.78%
Revenue Next 2Y-23.32%
Revenue Next 3Y0.97%
Revenue Next 5Y-2.16%
EBIT growth 1Y-59.93%
EBIT growth 3Y-38.4%
EBIT growth 5Y-30.96%
EBIT Next Year-32.13%
EBIT Next 3Y13.87%
EBIT Next 5YN/A
FCF growth 1Y-93.07%
FCF growth 3Y-40.46%
FCF growth 5Y-39.09%
OCF growth 1Y-92.72%
OCF growth 3Y-39.47%
OCF growth 5Y-38.45%