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Coverage

Eastnine

Eastnine

EURm 2025 2026e 2027e
Rental income 62 63 65
Rental growth 48,8 2,4 2
NOI 58 59 60
NOI margin (%) 93,5 93,6 93,6
CEPS 0,3 0,35 0,37
CEPS growth (%) 30,7 14,9 6,8
DPS 0,11 0,12 0,12
EPRA NRV per share 5,16 5,59 6,04
EPS 0,48 0,47 0,5
EPS adj. 0 0 N/A
P/CEPS 15,7 13,7 12,8
P/E (x) 9,8 10 9,5
P/EPRA NRV 0,92 0,85 0,78
Implicit yield (%) 6 6,2 6,5
Dividend yield (%) 2,4 2,5 2,6
Net LTV (%) 46,38 43,43 40,44
LTV (%) 0 N/A N/A
EURm 2025 2026e 2027e
Rental income 62 63 65
Other income 0 0 0
Operating costs -4 -4 -4
NOI 58 59 60
NOI margin (%) 93,5 93,6 93,6
Adm. costs -5 -5 -5
All other income & costs 0 0 0
Recurring EBIT 53 55 56
Net financial items -21 -20 -18
Income from property management 32 35 37
Value chg. realized 0 0 0
Value chg. unrealized 28 19 20
Value chg. derivatives 0 0 0
Pretax profit 60 54 57
Deferred tax -10 -7 -7
Current tax -2 -1 -1
Net profit 47 46 48
Minority interest 0 0 0
Div. Pref/D-shares and hybrids 0 0 0
Net profit to shareholders 47 46 48
Cash earnings 29 34 36
Other related information N/A N/A N/A
Tax Rate (%) 21 15 15
Investments in developments -5 -5 -5
Acquisitions 0 0 0
Other investments N/A N/A N/A
Divestments 0 0 0
EPS 0,48 0,47 0,5
CEPS 0,3 0,35 0,37
Dividend per share 0,11 0,12 0,12
Payout ratio of CEPS 37,37 34,14 33,56
Rental growth 48,83 2,37 2
NOI growth 49,9 2,5 2
CEPS growth 30,69 14,92 6,82

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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