Selvaag Bolig AS

Selvaag Bolig ASA. Selvaag Bolig ASA, formerly Selvaag Bolig AS, is a Norway-based company engaged in the development of residential properties. The Company manages the entire process, from the purchase of land to the sale of finished homes. The Company operates through such subsidiaries, as Selvaag Bolig Modulbygg, which develops flats and terrace houses with the aid of modules; Meglerhuset Selvaag, which is an estate agency responsible for the sale of the Company's new homes, and Selvaag Pluss Service, which is engaged in the operation of the Company's Pluss Homes that offer security and services, such as cleaning and booking of tickets, among others. The Company's projects are located in Oslo, Stavanger and Bergen, Norway, as well as in Stockholm, Sweden, and include Lorenskog Stasjonby, Nyhavn Brygge, Lervig Brygge Pluss, Bjornasen Start and Utsikten-Mortensrudhoyden, among others. In the second quarter of 2013, the Company sold 200 homes.
  • TickerSBO
  • ISINNO0010612450
  • ExchangeOslo Bors
  • SectorReal Estate Investment & Services
  • CountryNorway

Analysts

Christer Magnergård ...
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Paul Harper
  • Simen Mortensen

Northern Lights

Simen Mortensen

Selvaag Bolig (Sell, TP: NOK35.00) - Tough market outlook

SBO started only 15 units in Q1 and thus lifted its pre-sales ratio to more comfortable levels. Due to Covid-19 and the significant spike in Norwegian unemployment, we expect sales of new homes to be much weaker over the next 12 months and have cut our 2021–202] EPS forecasts. However, we expect a record quarter in Q1 (results due at 07:00 CET on 20 May), as SBO should record the profits from its January plot sale. We reiterate our SELL and have cut our target price to NOK35 (45) on our lower forecasts.

Bengt Jonassen ...
  • Daniel Vårdal Haugland

Selvaag Bolig - Satisfactory unit sales in Q1

SBO’s share of sold units was 164 in Q1 Value was NOK 840m (NOK 5.1m/unit) 114 units delivered, i.e. 40-50% upside to Q1 EBIT

Bengt Jonassen ...
  • Daniel Vårdal Haugland

Sector Fast Comment - COVID-19: exploring potential earnings impacts

Norwegian construction: ’20e EBIT could be cut -10% to -40% Housing dev: ’20e EBIT could be cut -15% to -25% Consult. engineers: ’20e EBIT could be cut -5% to -30%

Selvaag Bolig ASA: 7 directors sold

Seven Directors at Selvaag Bolig ASA sold 483,896 shares at between 64.999NOK and 66.132NOK. The significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

As support levels continue to hold for the MSCI ACWI and S&P 500, our neutral but constructive outlook remains. Additionally, we reiterate our expectation for more consolidation and volatility. In today's report we highlight actionable stocks within countries that are displaying bullish price and relative strength trends. • Asia/Pacific. In Japan, the TOPIX continues to exhibit leadership characteristics. Stay overweight. Broadly speaking, global Consumer Staples stocks are lagging, but Japan is the exception. Hong Kong's Hang Seng Index also remains on bullish footing... see pages 2 and 5-11...

Selvaag Bolig ASA: 7 directors sold

Seven Directors at Selvaag Bolig ASA sold 483,896 shares at between 64.999NOK and 66.132NOK. The significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...

Christer Magnergård ...
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Paul Harper
  • Simen Mortensen

Northern Lights

Simen Mortensen

Selvaag Bolig (Sell, TP: NOK35.00) - Tough market outlook

SBO started only 15 units in Q1 and thus lifted its pre-sales ratio to more comfortable levels. Due to Covid-19 and the significant spike in Norwegian unemployment, we expect sales of new homes to be much weaker over the next 12 months and have cut our 2021–202] EPS forecasts. However, we expect a record quarter in Q1 (results due at 07:00 CET on 20 May), as SBO should record the profits from its January plot sale. We reiterate our SELL and have cut our target price to NOK35 (45) on our lower forecasts.

Bengt Jonassen ...
  • Daniel Vårdal Haugland

Selvaag Bolig - Satisfactory unit sales in Q1

SBO’s share of sold units was 164 in Q1 Value was NOK 840m (NOK 5.1m/unit) 114 units delivered, i.e. 40-50% upside to Q1 EBIT

Bengt Jonassen ...
  • Daniel Vårdal Haugland

Sector Fast Comment - COVID-19: exploring potential earnings impacts

Norwegian construction: ’20e EBIT could be cut -10% to -40% Housing dev: ’20e EBIT could be cut -15% to -25% Consult. engineers: ’20e EBIT could be cut -5% to -30%

Bengt Jonassen ...
  • Casper Blom
  • Rickard Anderkrans

Talking Points - Selvaag Bolig (Hold): It’s been a great run

Share has reached our TP; down to HOLD Valuation: ‘22e P/E of ~11x after pay-outs

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Eivind Sars Veddeng ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Jon Masdal ...
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Joachim Gunell ...
  • Jon Berggren
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Paul Harper
  • Simen Mortensen

Northern Lights

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch