Olav Thon Eiendomsselskap ASA (OSE:OLT)

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Price: 219 NOK

Market Cap: 22.2B NOK

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Section:

Relative Value

The Relative Value of one OLT stock under the Base Case scenario is 375.92 NOK. Compared to the current market price of 219 NOK, Olav Thon Eiendomsselskap ASA is Undervalued by 42%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

OLT Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

4.6

P/S

vs History	20
vs Industry	41

Median 5Y

4.1

Industry

3.7

Forward

4.5

More Details

Negative

P/E

vs History
vs Industry	46

Median 5Y

3.6

Industry

16.6

Forward

12.1

More Details

14.3

P/OCF

vs History	7
vs Industry	35

Median 5Y

10.9

Industry

11.2

More Details

108.7

P/FCFE

vs History	7
vs Industry	9

Median 5Y

11.8

Industry

13.3

More Details

0.7

P/B

vs History	7
vs Industry	52

Median 5Y

0.6

Industry

0.9

More Details

8.3

EV/S

vs History	39
vs Industry	39

Median 5Y

8.3

Industry

6.7

Forward

8.1

More Details

EV/GP

vs History	36
vs Industry	46

Median 5Y

11.9

Industry

More Details

12.7

EV/EBITDA

vs History	41
vs Industry	48

Median 5Y

12.7

Industry

Forward

12.4

More Details

12.7

EV/EBIT

vs History	42
vs Industry	50

Median 5Y

12.7

Industry

19.2

Forward

12.5

More Details

25.9

EV/OCF

vs History	12
vs Industry	33

Median 5Y

21.8

Industry

18.6

More Details

25.9

EV/FCFF

vs History	12
vs Industry	31

Median 5Y

21.8

Industry

More Details

0.7

EV/IC

vs History	9
vs Industry	52

Median 5Y

0.6

Industry

0.7

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
NO		Olav Thon Eiendomsselskap ASA OSE:OLT	22.2B NOK	4.6	-20.8	12.7	12.7
DE		Vonovia SE XETRA:VNA	24.8B EUR	51.4	-8.7	-35.7	-32
PH	S	SM Prime Holdings Inc XPHS:SMPH	793.5B PHP	6	18.6	13.7	16.8
HK	S	Swire Properties Ltd HKEX:1972	93.2B HKD	6.4	42.2	15.1	15.1
SG		Capitaland Investment Ltd SGX:9CI	14.2B SGD	5.1	78.6	23.8	27.9
BM		Hongkong Land Holdings Ltd SGX:H78	10.3B USD	4.8	-9.5	23.8	24.3
DE		Deutsche Wohnen SE XETRA:DWNI	9.4B EUR	7.8	-38.1	16.4	23.7
SE	S	Sagax AB STO:SAGA A	108.3B SEK	22.5	28.3	35.2	35.2
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	68.7B CNY	4.9	25.5	23	23
IL		Azrieli Group Ltd TASE:AZRG	34.3B ILS	11.3	16.7	17.6	18.1
SE		Fastighets AB Balder STO:BALD B	94.5B SEK	7.5	-19.4	35	35.5

				Revenue Growth
NO		Olav Thon Eiendomsselskap ASA OSE:OLT	Average P/S: 12 4.6	7%
DE		Vonovia SE XETRA:VNA	51.4	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	6	31%
HK	S	Swire Properties Ltd HKEX:1972	6.4	17%
SG		Capitaland Investment Ltd SGX:9CI	5.1	9%
BM		Hongkong Land Holdings Ltd SGX:H78	4.8	7%
DE		Deutsche Wohnen SE XETRA:DWNI	7.8	16%
SE	S	Sagax AB STO:SAGA A	22.5	40%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	4.9	81%
IL		Azrieli Group Ltd TASE:AZRG	11.3	-6%
SE		Fastighets AB Balder STO:BALD B	7.5	16%

				Earnings Growth
NO		Olav Thon Eiendomsselskap ASA OSE:OLT	Average P/E: 35 Negative Multiple: -20.8	N/A
DE		Vonovia SE XETRA:VNA	Negative Multiple: -8.7	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	18.6	35%
HK	S	Swire Properties Ltd HKEX:1972	42.2	227%
SG		Capitaland Investment Ltd SGX:9CI	78.6	375%
BM		Hongkong Land Holdings Ltd SGX:H78	Negative Multiple: -9.5	N/A
DE		Deutsche Wohnen SE XETRA:DWNI	Negative Multiple: -38.1	N/A
SE	S	Sagax AB STO:SAGA A	28.3	N/A
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	25.5	59%
IL		Azrieli Group Ltd TASE:AZRG	16.7	-36%
SE		Fastighets AB Balder STO:BALD B	Negative Multiple: -19.4	N/A

				EBITDA Growth
NO		Olav Thon Eiendomsselskap ASA OSE:OLT	Average EV/EBITDA: 21.6 12.7	5%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -35.7	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	13.7	32%
HK	S	Swire Properties Ltd HKEX:1972	15.1	27%
SG		Capitaland Investment Ltd SGX:9CI	23.8	69%
BM		Hongkong Land Holdings Ltd SGX:H78	23.8	7%
DE		Deutsche Wohnen SE XETRA:DWNI	16.4	21%
SE	S	Sagax AB STO:SAGA A	35.2	55%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23	202%
IL		Azrieli Group Ltd TASE:AZRG	17.6	39%
SE		Fastighets AB Balder STO:BALD B	35	81%

				EBIT Growth
NO		Olav Thon Eiendomsselskap ASA OSE:OLT	Average EV/EBIT: 23.2 12.7	5%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -32	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	16.8	34%
HK	S	Swire Properties Ltd HKEX:1972	15.1	28%
SG		Capitaland Investment Ltd SGX:9CI	27.9	115%
BM		Hongkong Land Holdings Ltd SGX:H78	24.3	0%
DE		Deutsche Wohnen SE XETRA:DWNI	23.7	313%
SE	S	Sagax AB STO:SAGA A	35.2	72%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23	149%
IL		Azrieli Group Ltd TASE:AZRG	18.1	44%
SE		Fastighets AB Balder STO:BALD B	35.5	99%

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Olav Thon Eiendomsselskap ASA
OSE:OLT

Relative Value

Valuation Multiples

Multiples Across Competitors

OLT Competitors Multiples
Olav Thon Eiendomsselskap ASA Competitors

See Also

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Price Target

Olav Thon Eiendomsselskap ASA OSE:OLT

Relative Value

Valuation Multiples

Multiples Across Competitors

OLT Competitors Multiples Olav Thon Eiendomsselskap ASA Competitors

See Also

Company

Help

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Olav Thon Eiendomsselskap ASA
OSE:OLT

OLT Competitors Multiples
Olav Thon Eiendomsselskap ASA Competitors