OLAV THON EIENDOMSSELSKAP AS (OLT.OL) Fundamental Analysis & Valuation
OSL:OLT • NO0005638858
335 NOK
+1 (+0.3%)
Last: Jan 28, 2026, 07:00 PM
This OLT.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall OLT gets a fundamental rating of 4 out of 10. We evaluated OLT against 74 industry peers in the Real Estate Management & Development industry. While OLT belongs to the best of the industry regarding profitability, there are concerns on its financial health. OLT is valued correctly, but it does not seem to be growing.
1. OLT.OL Profitability Analysis
1.1 Basic Checks
- In the past year OLT was profitable.
- OLT had a positive operating cash flow in the past year.
- OLT had positive earnings in 4 of the past 5 years.
- OLT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- OLT's Return On Assets of 3.76% is fine compared to the rest of the industry. OLT outperforms 78.79% of its industry peers.
- OLT's Return On Equity of 7.48% is fine compared to the rest of the industry. OLT outperforms 78.79% of its industry peers.
- OLT has a Return On Invested Capital of 4.34%. This is amongst the best in the industry. OLT outperforms 87.88% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for OLT is in line with the industry average of 3.95%.
- The last Return On Invested Capital (4.34%) for OLT is above the 3 year average (4.07%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.76% | ||
| ROE | 7.48% | ||
| ROIC | 4.34% |
ROA(3y)1.62%
ROA(5y)2.3%
ROE(3y)3.15%
ROE(5y)4.56%
ROIC(3y)4.07%
ROIC(5y)3.88%
1.3 Margins
- Looking at the Profit Margin, with a value of 48.22%, OLT is in the better half of the industry, outperforming 78.79% of the companies in the same industry.
- OLT's Profit Margin has been stable in the last couple of years.
- The Operating Margin of OLT (63.68%) is better than 86.36% of its industry peers.
- OLT's Operating Margin has been stable in the last couple of years.
- OLT's Gross Margin of 68.27% is fine compared to the rest of the industry. OLT outperforms 60.61% of its industry peers.
- In the last couple of years the Gross Margin of OLT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.68% | ||
| PM (TTM) | 48.22% | ||
| GM | 68.27% |
OM growth 3Y-0.49%
OM growth 5Y0.1%
PM growth 3Y-21.9%
PM growth 5Y-0.89%
GM growth 3Y-1.61%
GM growth 5Y-1.38%
2. OLT.OL Health Analysis
2.1 Basic Checks
- OLT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- OLT has about the same amout of shares outstanding than it did 1 year ago.
- OLT has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for OLT has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.48, we must say that OLT is in the distress zone and has some risk of bankruptcy.
- OLT's Altman-Z score of 1.48 is fine compared to the rest of the industry. OLT outperforms 74.24% of its industry peers.
- OLT has a debt to FCF ratio of 12.41. This is a negative value and a sign of low solvency as OLT would need 12.41 years to pay back of all of its debts.
- The Debt to FCF ratio of OLT (12.41) is better than 68.18% of its industry peers.
- A Debt/Equity ratio of 0.53 indicates that OLT is somewhat dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.53, OLT is doing good in the industry, outperforming 71.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 12.41 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.62
WACC7.03%
2.3 Liquidity
- OLT has a Current Ratio of 0.21. This is a bad value and indicates that OLT is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of OLT (0.21) is worse than 83.33% of its industry peers.
- OLT has a Quick Ratio of 0.21. This is a bad value and indicates that OLT is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of OLT (0.18) is worse than 80.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.18 |
3. OLT.OL Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 2378.70% over the past year.
- OLT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.32% yearly.
- Looking at the last year, OLT shows a small growth in Revenue. The Revenue has grown by 3.19% in the last year.
- The Revenue has been growing slightly by 4.70% on average over the past years.
EPS 1Y (TTM)2378.7%
EPS 3Y-15.42%
EPS 5Y4.32%
EPS Q2Q%20.6%
Revenue 1Y (TTM)3.19%
Revenue growth 3Y7.54%
Revenue growth 5Y4.7%
Sales Q2Q%31.18%
3.2 Future
- Based on estimates for the next years, OLT will show a small growth in Earnings Per Share. The EPS will grow by 4.86% on average per year.
- OLT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.48% yearly.
EPS Next Y-7.92%
EPS Next 2Y11.64%
EPS Next 3Y4.86%
EPS Next 5YN/A
Revenue Next Year-9.24%
Revenue Next 2Y-3.66%
Revenue Next 3Y-1.48%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- 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. OLT.OL Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 21.19, the valuation of OLT can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of OLT is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 26.45, OLT is valued at the same level.
- OLT is valuated correctly with a Price/Forward Earnings ratio of 14.05.
- Based on the Price/Forward Earnings ratio, OLT is valued a bit cheaper than the industry average as 69.70% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, OLT is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.19 | ||
| Fwd PE | 14.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, OLT is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of OLT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.05 | ||
| EV/EBITDA | 17.46 |
4.3 Compensation for Growth
- OLT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)4.91
EPS Next 2Y11.64%
EPS Next 3Y4.86%
5. OLT.OL Dividend Analysis
5.1 Amount
- OLT has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 4.13, OLT has a dividend in line with its industry peers.
- OLT's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
- On average, the dividend of OLT grows each year by 8.90%, which is quite nice.
Dividend Growth(5Y)8.9%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 30.76% of the earnings are spent on dividend by OLT. This is a low number and sustainable payout ratio.
- OLT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.76%
EPS Next 2Y11.64%
EPS Next 3Y4.86%
OLT.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:OLT (1/28/2026, 7:00:00 PM)
335
+1 (+0.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-10 2026-02-10
Inst Owners8.37%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap34.00B
Revenue(TTM)5.02B
Net Income(TTM)2.42B
Analysts76.67
Price Target346.8 (3.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend7.04
Dividend Growth(5Y)8.9%
DP30.76%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.23%
Min EPS beat(2)-10.96%
Max EPS beat(2)8.5%
EPS beat(4)1
Avg EPS beat(4)-17.58%
Min EPS beat(4)-40.04%
Max EPS beat(4)8.5%
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)-1.92%
Min Revenue beat(2)-2.89%
Max Revenue beat(2)-0.96%
Revenue beat(4)1
Avg Revenue beat(4)-6.97%
Min Revenue beat(4)-25.56%
Max Revenue beat(4)1.53%
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)0.74%
PT rev (3m)2.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.19%
EPS NY rev (1m)-8.31%
EPS NY rev (3m)-13.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.19 | ||
| Fwd PE | 14.05 | ||
| P/S | 6.78 | ||
| P/FCF | 19.05 | ||
| P/OCF | 19.05 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 17.46 |
EPS(TTM)15.81
EY4.72%
EPS(NY)23.84
Fwd EY7.12%
FCF(TTM)17.59
FCFY5.25%
OCF(TTM)17.59
OCFY5.25%
SpS49.44
BVpS318.64
TBVpS318.64
PEG (NY)N/A
PEG (5Y)4.91
Graham Number336.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.76% | ||
| ROE | 7.48% | ||
| ROCE | 5.54% | ||
| ROIC | 4.34% | ||
| ROICexc | 4.35% | ||
| ROICexgc | 4.35% | ||
| OM | 63.68% | ||
| PM (TTM) | 48.22% | ||
| GM | 68.27% | ||
| FCFM | 35.58% |
ROA(3y)1.62%
ROA(5y)2.3%
ROE(3y)3.15%
ROE(5y)4.56%
ROIC(3y)4.07%
ROIC(5y)3.88%
ROICexc(3y)4.08%
ROICexc(5y)3.9%
ROICexgc(3y)4.08%
ROICexgc(5y)3.9%
ROCE(3y)5.19%
ROCE(5y)4.95%
ROICexgc growth 3Y6.01%
ROICexgc growth 5Y2.95%
ROICexc growth 3Y6.01%
ROICexc growth 5Y2.94%
OM growth 3Y-0.49%
OM growth 5Y0.1%
PM growth 3Y-21.9%
PM growth 5Y-0.89%
GM growth 3Y-1.61%
GM growth 5Y-1.38%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 12.41 | ||
| Debt/EBITDA | 5.33 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.63 | ||
| Cash Conversion | 55.64% | ||
| Profit Quality | 73.79% | ||
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 1.48 |
F-Score5
WACC7.03%
ROIC/WACC0.62
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2378.7%
EPS 3Y-15.42%
EPS 5Y4.32%
EPS Q2Q%20.6%
EPS Next Y-7.92%
EPS Next 2Y11.64%
EPS Next 3Y4.86%
EPS Next 5YN/A
Revenue 1Y (TTM)3.19%
Revenue growth 3Y7.54%
Revenue growth 5Y4.7%
Sales Q2Q%31.18%
Revenue Next Year-9.24%
Revenue Next 2Y-3.66%
Revenue Next 3Y-1.48%
Revenue Next 5YN/A
EBIT growth 1Y1.17%
EBIT growth 3Y7.01%
EBIT growth 5Y4.81%
EBIT Next Year3.4%
EBIT Next 3Y2.43%
EBIT Next 5YN/A
FCF growth 1Y-14.27%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-14.27%
OCF growth 3YN/A
OCF growth 5YN/A
OLAV THON EIENDOMSSELSKAP AS / OLT.OL FAQ
What is the ChartMill fundamental rating of OLAV THON EIENDOMSSELSKAP AS (OLT.OL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to OLT.OL.
What is the valuation status of OLAV THON EIENDOMSSELSKAP AS (OLT.OL) stock?
ChartMill assigns a valuation rating of 4 / 10 to OLAV THON EIENDOMSSELSKAP AS (OLT.OL). This can be considered as Fairly Valued.
How profitable is OLAV THON EIENDOMSSELSKAP AS (OLT.OL) stock?
OLAV THON EIENDOMSSELSKAP AS (OLT.OL) has a profitability rating of 7 / 10.
What is the expected EPS growth for OLAV THON EIENDOMSSELSKAP AS (OLT.OL) stock?
The Earnings per Share (EPS) of OLAV THON EIENDOMSSELSKAP AS (OLT.OL) is expected to decline by -7.92% in the next year.
How sustainable is the dividend of OLAV THON EIENDOMSSELSKAP AS (OLT.OL) stock?
The dividend rating of OLAV THON EIENDOMSSELSKAP AS (OLT.OL) is 4 / 10 and the dividend payout ratio is 30.76%.