Selvaag Bolig ASA

Selvaag Bolig ASA

31.30
NOK
+0.35
(+1.13%)
2.36EPS
14.14P/E
3.13BMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23.43
31.41
34.63
32
35.04
36.17
36.24
28.91
36.4
31.04
34.79
21.05
22.26
34.3
Basic EPS, GAAP
1.75
2.7
3
3.21
4.35
6.14
7.04
16.33
5.4
3.63
2.62
1.89
1.42
2.36
Free Cash Flow per Basic Share
1.11
2
4.97
4.7
3.29
4.62
10.6
17.29
4.19
0.65
12.75
0.88
-14
-8.41
Dividend per Share
0.78
0.5
1.9
1.45
2.15
3.8
4.5
26.52
5
5
3.01
1
1.25
0.99
Book Value per Share
23.85
26.05
27.19
28.88
31.04
33.43
36.12
25.99
26.35
24.95
24.55
25.44
25.63
25.31
Tangible Book Value per Share
19.22
21.62
22.94
24.76
26.87
29.31
32.01
21.89
22.24
20.86
20.46
21.35
21.54
21.22
Basic Weighted Avg Shares
94
94
94
94
92
92
93
93
93
93
94
94
94
94
Sales/Revenue/Turnover
2,197
2,945
3,246
3,000
3,229
3,342
3,369
2,698
3,403
2,896
3,255
1,971
2,087
3,232
Operating Margin (%)
11.75
11.36
12.38
13.39
17.26
19.41
23.84
17.19
15.83
11.63
9.68
6.36
2.76
5.59
Depreciation Expense
22
21
24
20
4
4
13
10
10
10
9
10
7
7
Net Income, GAAP
164
253
281
301
401
567
655
1,524
505
339
245
177
133
223
Effective Tax Rate (%)
21.69
27.01
24.74
17.47
20.38
22.61
23.36
7.86
21.76
20.29
23.41
15.41
4.73
15.54
Profit Margin (%)
7.47
8.6
8.66
10.04
12.42
16.96
19.43
56.47
14.84
11.7
7.52
8.98
6.37
6.89
Working Capital
3,877
3,807
3,943
3,960
3,800
3,816
3,499
2,649
2,539
3,179
2,319
2,525
2,579
2,849
LT Debt
2,116
1,752
1,847
2,039
1,837
1,796
1,128
1,127
796
1,411
685
964
1,124
1,361
Total Equity
2,259
2,457
2,549
2,699
2,858
3,116
3,382
2,438
2,469
2,346
2,307
2,393
2,409
2,379
Return on Invested Capital (%)
4.18
5.22
5.79
6.1
8.22
10.79
11.55
27.65
10.3
6.95
5.29
4.27
2.53
3.54
Return on Capital (%)
3.29
5.4
5.98
6.25
8.28
11.13
12.13
28.86
10.73
7.34
5.86
4.86
2.94
3.9
Return on Common Equity (%)
7.62
10.83
11.29
11.52
14.48
19.04
20.2
52.5
20.65
14.12
10.55
7.55
5.56
9.63

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,941
2,743
2,708
LT Borrowings
1,098
1,418
1,337
LT Finance Leases
26
25
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
94
94
94
Market Capitalization
3,439
3,092
3,129

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,182
6,241
6,133
Cash, Cash Equivalents & STI
255
350
171
Accounts Receivable, Net
109
62
199
Inventories
4,802
5,813
5,729
Total Current Liabilities
2,603
3,359
3,284
Payables & Accruals
- -
- -
- -
ST Debt
1,941
2,743
2,708
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.04%
-0.19%
0.66%
Free Cash Flow
10.99%
-17.76%
-1,688.16%
Net Income, GAAP
4.98%
-36.02%
-24.85%
Sales/Revenue/Turnover
-2.55%
-1.99%
5.87%
Total Cash Common Dividend
44.78%
-32.52%
25.17%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
628
620
225
498
1,971
2025
167
261
568
1,091
2,087
2026
123
1,451
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.6
0.85
-0.05
0.5
1.89
2025
-0.22
0.02
0.25
1.37
1.42
2026
-0.2
0.95
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1
- -
- -
1
2025
- -
1.5
- -
- -
1.25
2026
- -
1
- -
- -
- -

Company Description

CEO
Sverre Molvik
Full Time Employees
82
Sector
Consumer durables
Industry
Homebuilding
Address
Silurveien 2 Oslo PS Norway 0380
IPO Date
May 22, 2012
Business
Selvaag Bolig ASA is a Norway-based residential property developer that controls the entire value chain from land acquisition to the sale of turnkey homes; it offers a broad variety of housing types, including apartments, row houses and the lifestyle concept Selvaag Pluss featuring shared spaces and services; the company also provides project management services and operates Pluss service centres. Selvaag Bolig focuses on growth areas in and around Greater Oslo, Bergen, Stavanger, Trondheim and Stockholm, with several thousand homes under development at any given time; it outsources construction via competitive tenders to minimize costs and risks. Founded in 2008 as a spin-off from the Selvaag Group—which traces its roots to 1948 and has built nearly 60,000 homes—the company is headquartered at Ullern in Oslo and operates as a subsidiary of Selvaag AS; Selvaag Bolig ASA listed on the Oslo Stock Exchange in June 2012. In 2024, the company acquired 880 land units, including a major partnership with Ferd for an 800-unit property in Moss (400 units allocated to Selvaag Bolig) and prime sites in Stockholm's Norra Djurgårdsstaden and Bergen's Sandsli; it started construction on 559 units, the highest among non-system house developers, boosting its order backlog to over 1,000 units valued at NOK 7.2 billion by early 2025. Recent activities include repurchasing land plots from Urban Property for immediate construction starts, selling completed inventory to reduce holdings by NOK 500 million year-over-year, initiating a share buyback of up to 800,000 shares for employee incentives in November 2025, and proposing a NOK 1.25 per share dividend for 2024 representing 66% of earnings.