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Coverage

Eastnine

Eastnine

EURm 2024 2025e 2026e
Rental income 42 62 64
Rental growth 14,81 49,57 2,95
NOI 39 58 60
NOI margin (%) 92,8 93,5 93,7
CEPS 0,23 0,31 0,35
CEPS growth (%) 18,59 33,11 14,01
DPS 0,11 0,11 0,12
EPRA NRV per share 4,71 5,12 5,56
EPS 0,07 0,49 0,47
EPS adj. 0 0 0
P/CEPS 18,6 14 12,3
P/E (x) 63,4 8,8 9
P/EPRA NRV 0,91 0,84 0,77
Implicit yield (%) 4,2 6,4 6,6
Dividend yield (%) 2,5 2,6 2,8
Net LTV (%) 49,63 46,29 43,3
LTV (%) 0 0 N/A
EURm 2024 2025e 2026e
Rental income 42 62 64
Other income 0 0 0
Operating costs -3 -4 -4
NOI 39 58 60
NOI margin (%) 92,8 93,5 93,7
Adm. costs -4 -5 -5
All other income & costs 0 0 0
Recurring EBIT 35 53 55
Net financial items -12 -21 -20
Income from property management 22 32 35
Value chg. realized 0 0 0
Value chg. unrealized -4 26 19
Value chg. derivatives -5 -2 0
Pretax profit 13 57 55
Deferred tax -5 -7 -7
Current tax -2 -2 -1
Net profit 6 48 46
Minority interest 0 0 0
Div. Pref/D-shares and hybrids 0 0 0
Net profit to shareholders 6 48 46
Cash earnings 21 30 34
Other related information N/A N/A N/A
Tax Rate (%) 52,1 15,9 15
Investments in developments -4 -5 -5
Acquisitions -320 0 0
Other investments N/A N/A N/A
Divestments 0 0 0
EPS 0,07 0,49 0,47
CEPS 0,23 0,31 0,35
Dividend per share 0,11 0,11 0,12
Payout ratio of CEPS 46,51 36,69 33,79
Rental growth 14,81 49,57 2,95
NOI growth 14,64 50,69 3,08
CEPS growth 18,59 33,11 14,01

Key Figure Counter

It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.

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P/E

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A common valuation multiple, the share price is divided by earnings per share.

P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

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EV/EBIT

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EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. 

EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.

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EV/Sales

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EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. S is the company's total sales.

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P/BVPS

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P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

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