Despite a turmoil 2022, with high volatility and a general downtrend, One United Properties shares remained very popular popular among Romanian investors and top-performing international funds. While you can buy ONE shares directly, sometimes it is worth considering an ETF with ONE representation.
One United Properties stands as a leading green investor and developer of residential, mixed-use, commercial, and office real estate in Bucharest, Romania.
Company's purpose is to create thriving, sustainable communities by developing state-of-the-art, energy-efficient buildings and to drive enduring value growth for its stakeholders.
One United Properties Shares - Research and Ratings
- Is ONE stock undervalued compared to their fair value, analyst forecasts, and its price relative to the market?
- What is the analyst’s 12-month ONE shares price forecast?
- What are One United Properties’ shares future growth expectations?
- How had ONE stocks performed over the past 5 years?
- Should you buy One United Properties shares or invest in ETFs with ONE representation?
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One United Properties Shares (BVB: ONE) - A brief history
Founded in 2007, One United Properties S.A. started the construction of the first residential complex in 2011, in parallel with the acquisition of land located in the northern part of Bucharest. In addition to completed real estate projects and closed real estate transactions, residential, commercial and office real estate properties are currently under permit and under construction.
One United Properties went public at the Bucharest Stock Exchange and its shares became available for trading on the main market, under the stock symbol ONE, on July 12, becoming the third largest Romanian listed entrepreneurial company and entered the top ten listed companies according to IPO market capitalization. As of September 20, 2021, One United Properties shares joined the Bucharest Exchange Trading (BET) index, which tracks the evolution of the most liquid stocks listed on the Bucharest Stock Exchange. On November 20, 2021, FTSE Russell announced that One United Properties shares will enter the FTSE Russell All Cap Index as of December 20, 2021.
The company's ONE shares achieved 1 billion lei in transactions within just 20 months of being listed on BVB.
Shareholding structure:
VINCI VER HOLDING S.R.L. - 27,5830 %
OA LIVIU HOLDING INVEST S.R.L. - 27,5830 %
Individuals - 25,7855 %
Legal Entities - 19,0484 %
One United Shares (BVB: ONE) - Fundamental Analysis and Financial Ratings
See the latest One United Properties S.A stock price analysis, including valuation, future growth, past performance, and more to help you make more informed investment decisions.
Valutation
Are ONE shares undervalued compared to their fair value, analyst forecasts and its price relative to the market?
- ONE is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (15.3x).
- ONE is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Real Estate industry average (14.3x)
- ONE Shares (RON0.94) are traded below simplywall.st estimate of fair value (RON7.01)
- ONE is trading below fair value by more than 20%.
Future Growth
One United Properties is forecasted to grow earnings and revenue by 9.1% and 16% per annum respectively. EPS is expected to grow by 11.5%. Return on equity is forecast to be 17% in 3 years.
- ONE's forecast earnings growth (9.1% per year) is above the savings rate (1.5%).
- ONE's earnings (9.1% per year) are forecast to grow faster than the RO market (-1.7% per year).
- ONE's high growth earnings are forecast to grow, but not significantly.
- ONE's revenue (16% per year) is forecast to grow faster than the RO market (-1.8% per year).
- ONE's revenue (16% per year) is forecast to grow slower than 20% per year.
- ONE's Return on Equity is forecast to be low in 3 years time (17%)
Past Performance
One United Properties has been growing earnings at an average annual rate of 33.4%, while the Real Estate industry saw earnings growing at 9.8% annually. Revenues have been growing at an average rate of 7% per year. One United Properties’ return on equity is 18.2%, and it has net margins of 33.8%.
- ONE has a high level of non-cash earnings.
- ONE's current net profit margins (33.8%) are lower than last year (44.3%).
- ONE's earnings have grown significantly by 33.4% per year over the past 5 years.
- ONE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
- ONE had negative earnings growth (-18.3%) over the past year, making it difficult to compare it to the Real Estate industry average (-23%).
- ONE's Return on Equity (18.2%) is considered low.
Financial Health
One United Properties has a total shareholder equity of RON2.7B and total debt of RON912.1M, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are RON4.5B and RON1.9B respectively. One United Properties’ EBIT is RON544.6M making its interest coverage ratio 57.8. It has cash and short-term investments of RON462.4M.
- ONE's short-term assets (RON2.1B) exceed its short term liabilities (RON782.9M).
- ONE's short-term assets (RON2.1B) exceed its long term liabilities (RON1.1B).
- ONE's net debt to equity ratio (16.7%) is considered satisfactory.
- ONE's debt to equity ratio has reduced from 64.4% to 34% over the past 5 years.
- ONE's operating cash flow is negative; therefore, debt is not well covered.
- ONE's operating cash flow is negative; therefore, debt is not well covered
One United Dividend
One United Properties is a dividend paying company with a current yield of 2.46% that is well covered by earnings.
- ONE's dividend (2.46%) isn’t notable compared to the bottom 25% of dividend payers in the RO market (2.63%).
- ONE's dividend (2.46%) is low compared to the top 25% of dividend payers in the RO market (8.43%).
One United Properties Shares - Technical Analysis
Looking behind at the daily chart, One United Properties shares are being trade within a large range since mid-2022 as seen on the chart below. This consolidation comes after a correction at the beginning of 2022.
However, the Relative Strength Index (RSI) indicator highlights a bearish divergence, meaning that while price is making higher highs, while the indicator is making lower highs. From a technical point of view this could mean that prices may come under pressure.
Next key resistance level is at 0.9870, while the main support level is located around 0.84 area.
One United Properties Shares Price Forecast
What is the analyst’s 12-month forecast and do we have any statistical confidence in the consensus price target?
As per simplywall.st, target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Source: simplywall.st
According to stockopedia.com, the analyst consensus target price for shares in One United Properties SA for 2023 is RON1.05. That is 13.88% above the last closing price of RON0.92.
Analysts covering One United Properties SA currently have a consensus Earnings Per Share (EPS) forecast of RON0.13 for the next financial year.
Investing.com analysts' 12-Month Price High Target is 1.30 RON, while the Average and Low-Price targets are 1.30, respectively 0.92 RON.
Source: investing.com
There are no 5-year One United Properties shares price forecasts and price predictions.
Important: When considering One United Propreties' fundamental analysis, financial rating and price predictions, it’s important to remember that high market volatility and changing economic environment makes it difficult to give long-term estimates. As such, analysts and algorithm-based platforms can and do get their ratings and predictions wrong. Always do your own research before making an investment decision. And never trade or invest more than you can afford to lose.
How to Invest in One United Properties
Some investors want to take an active hand in managing their investments, while others prefer to set it and forget it. Your preference may change but decide on an approach to get started.
For most people, stock market investing means choosing among these two investment types:
Individual One United (BVB: ONE) shares
If you’re after a specific company, you can buy a single share or a few shares to dip your toe into the stock-trading waters. Building a diversified portfolio out of many individual stocks is possible, but it takes significant investment and research.
If you go this route, remember that individual stocks will have ups and downs. If you research a company and choose to invest in it, think about why you picked that company in the first place if jitters start to set in on a down day.
Traditional stockbrokers allow you to invest in local stocks. However, you might not be able to invest in international stocks listed on the major stock exchanges, global ETFs, and other assets.
ETFs with ONE holdings
ONE shares (or any single stock, for that matter) can be a very volatile investment. You can manage the risk you see extreme highs and lows by diversifying your investment holdings. An ETF, for instance, contains a basket of individual stocks. When you invest in a fund, you also own small pieces of each of those companies.
If you want an ETF with ONE representation, you might consider iShares MSCI Frontier and Select ETF. BlackRock's iShares is the largest provider of ETFs as calculated by assets under management.
The fund can be suitable for Romania and foreign investors who want liquid and diversified exposure to another top 9 companies listed on the Bucharest Stock Exchange (BVB): Banca Transilvania SA, OMV Petrom SA, Romgaz SA, BRD Groupe Société Générale, Electrica SA, MedLife, Nuclearelectrica SA, TeraPlast SA.
Why invest in MedLife Shares via FM?
With net assets of almost $1B, The iShares MSCI Frontier and Select EM ETF (FM) is the largest exchange-traded-fund that seeks to track the investment results of an index composed primarily of frontier market equities along with select emerging market equities.
- Exposure to frontier market stocks and smaller size emerging market stocks with an emphasis on tradability and investability of the underlying constituents
- One-click access to a virtually untapped investment portfolio, including Bucharest Stock Exchange and BET index exposure.
- Use to seek long-term growth and diversification.
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Here is how to buy and trade stocks, ETFs and other assets with an international, highly regulated broker like CAPEX.com:
- Choose which type of account you want to use. Your first concern should be your risk appetite and time horizon. If you want to buy and hold shares, open an Invest account. If you want to speculate on price movements (including falling prices) with zero commission and leverage, open a CFD trading account.
- Create an account. Regardless of your chosen account, you need to register and complete the KYC process to verify your identity.
- Fund your account with fiat money. Before buying and trading stocks and ETFs, you need to fund your exchange account with U.S. dollars, Euros, or other currencies.
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Sources:
One United Properties - Leading Green Real Estate Investor and Developer
BVB - Actiuni ONE ONE UNITED PROPERTIES
One United Properties (BVB:ONE) - Stock Price, News & Analysis - Simply Wall St
One United Properties SA Stock Price Today | BX ROONE Live Ticker - Investing.com
One United Properties SA Share Price - BSE:ONE Stock Research | Stockopedia
Wikipedia