MELHUS SPAREBANK (MELG.OL) Fundamental Analysis & Valuation

OSL:MELG • NO0006001908

Current stock price

192 NOK
-1.2 (-0.62%)
Last:

This MELG.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. MELG.OL Profitability Analysis

1.1 Basic Checks

  • MELG had positive earnings in the past year.
  • MELG had a positive operating cash flow in the past year.
  • In the past 5 years MELG has always been profitable.
  • Of the past 5 years MELG 4 years had a positive operating cash flow.
MELG.OL Yearly Net Income VS EBIT VS OCF VS FCFMELG.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M

1.2 Ratios

  • With a Return On Assets value of 0.36%, MELG is not doing good in the industry: 87.13% of the companies in the same industry are doing better.
  • MELG has a worse Return On Equity (2.53%) than 89.11% of its industry peers.
Industry RankSector Rank
ROA 0.36%
ROE 2.53%
ROIC N/A
ROA(3y)0.4%
ROA(5y)0.38%
ROE(3y)2.87%
ROE(5y)2.91%
ROIC(3y)N/A
ROIC(5y)N/A
MELG.OL Yearly ROA, ROE, ROICMELG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

1.3 Margins

  • The Profit Margin of MELG (12.12%) is worse than 87.13% of its industry peers.
  • In the last couple of years the Profit Margin of MELG has declined.
  • The Operating Margin and Gross Margin are not available for MELG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 12.12%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.87%
PM growth 5Y-3.94%
GM growth 3YN/A
GM growth 5YN/A
MELG.OL Yearly Profit, Operating, Gross MarginsMELG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

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3

2. MELG.OL Health Analysis

2.1 Basic Checks

  • MELG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for MELG remains at a similar level compared to 1 year ago.
  • MELG has less shares outstanding than it did 5 years ago.
  • MELG has a worse debt/assets ratio than last year.
MELG.OL Yearly Shares OutstandingMELG.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500K 1M 1.5M 2M 2.5M
MELG.OL Yearly Total Debt VS Total AssetsMELG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • MELG has a debt to FCF ratio of 13.43. This is a negative value and a sign of low solvency as MELG would need 13.43 years to pay back of all of its debts.
  • MELG has a Debt to FCF ratio of 13.43. This is amongst the best in the industry. MELG outperforms 80.20% of its industry peers.
  • MELG has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.48, MELG is in the better half of the industry, outperforming 64.36% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 13.43
Altman-Z N/A
ROIC/WACCN/A
WACC5.97%
MELG.OL Yearly LT Debt VS Equity VS FCFMELG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MELG.OL Yearly Current Assets VS Current LiabilitesMELG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MELG.OL Growth Analysis

3.1 Past

  • MELG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.04%.
  • MELG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.17% yearly.
  • The Revenue has been growing slightly by 2.11% in the past year.
  • The Revenue has been growing by 9.83% on average over the past years. This is quite good.
EPS 1Y (TTM)-5.04%
EPS 3Y-0.84%
EPS 5Y4.17%
EPS Q2Q%-21.83%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y9.96%
Revenue growth 5Y9.83%
Sales Q2Q%-4.03%

3.2 Future

  • Based on estimates for the next years, MELG will show a small growth in Earnings Per Share. The EPS will grow by 0.23% on average per year.
  • Based on estimates for the next years, MELG will show a small growth in Revenue. The Revenue will grow by 4.58% on average per year.
EPS Next Y-2.22%
EPS Next 2Y0.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.47%
Revenue Next 2Y4.58%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
MELG.OL Yearly Revenue VS EstimatesMELG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
MELG.OL Yearly EPS VS EstimatesMELG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

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4

4. MELG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.23 indicates a correct valuation of MELG.
  • Based on the Price/Earnings ratio, MELG is valued a bit more expensive than 78.22% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.64. MELG is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 13.53, MELG is valued correctly.
  • 78.22% of the companies in the same industry are cheaper than MELG, based on the Price/Forward Earnings ratio.
  • MELG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.36, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.23
Fwd PE 13.53
MELG.OL Price Earnings VS Forward Price EarningsMELG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MELG is valued cheaper than 86.14% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.85
EV/EBITDA N/A
MELG.OL Per share dataMELG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 200 400 600

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)3.17
EPS Next 2Y0.23%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MELG.OL Dividend Analysis

5.1 Amount

  • MELG has a Yearly Dividend Yield of 7.03%, which is a nice return.
  • MELG's Dividend Yield is rather good when compared to the industry average which is at 4.51. MELG pays more dividend than 88.12% of the companies in the same industry.
  • MELG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 7.03%

5.2 History

  • The dividend of MELG is nicely growing with an annual growth rate of 7.82%!
Dividend Growth(5Y)7.82%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • MELG pays out 87.11% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of MELG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP87.11%
EPS Next 2Y0.23%
EPS Next 3YN/A
MELG.OL Yearly Income VS Free CF VS DividendMELG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M
MELG.OL Dividend Payout.MELG.OL Dividend Payout, showing the Payout Ratio.MELG.OL Dividend Payout.PayoutRetained Earnings

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MELG.OL Fundamentals: All Metrics, Ratios and Statistics

MELHUS SPAREBANK

OSL:MELG (4/30/2026, 7:00:00 PM)

192

-1.2 (-0.62%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-12
Earnings (Next)05-12
Inst Owners8.7%
Inst Owner ChangeN/A
Ins Owners16.17%
Ins Owner ChangeN/A
Market Cap533.76M
Revenue(TTM)354.97M
Net Income(TTM)43.02M
Analysts42.22
Price Target175.44 (-8.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.03%
Yearly Dividend13.5
Dividend Growth(5Y)7.82%
DP87.11%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.98%
Min EPS beat(2)-22.32%
Max EPS beat(2)-5.65%
EPS beat(4)1
Avg EPS beat(4)-9.51%
Min EPS beat(4)-22.32%
Max EPS beat(4)0.62%
EPS beat(8)4
Avg EPS beat(8)1.3%
EPS beat(12)5
Avg EPS beat(12)-3.33%
EPS beat(16)6
Avg EPS beat(16)-3.77%
Revenue beat(2)0
Avg Revenue beat(2)-4.03%
Min Revenue beat(2)-6.81%
Max Revenue beat(2)-1.24%
Revenue beat(4)1
Avg Revenue beat(4)1.33%
Min Revenue beat(4)-6.81%
Max Revenue beat(4)14.48%
Revenue beat(8)4
Avg Revenue beat(8)2.83%
Revenue beat(12)6
Avg Revenue beat(12)-3.47%
Revenue beat(16)10
Avg Revenue beat(16)-0.37%
PT rev (1m)-14%
PT rev (3m)-6.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.96%
Valuation
Industry RankSector Rank
PE 13.23
Fwd PE 13.53
P/S 1.5
P/FCF 2.85
P/OCF 2.85
P/B 0.31
P/tB 0.31
EV/EBITDA N/A
EPS(TTM)14.51
EY7.56%
EPS(NY)14.19
Fwd EY7.39%
FCF(TTM)67.41
FCFY35.11%
OCF(TTM)67.41
OCFY35.11%
SpS127.69
BVpS612.6
TBVpS611.66
PEG (NY)N/A
PEG (5Y)3.17
Graham Number447.213 (132.92%)
Profitability
Industry RankSector Rank
ROA 0.36%
ROE 2.53%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 12.12%
GM N/A
FCFM 52.79%
ROA(3y)0.4%
ROA(5y)0.38%
ROE(3y)2.87%
ROE(5y)2.91%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.87%
PM growth 5Y-3.94%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 13.43
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 435.57%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC5.97%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)416.67%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.04%
EPS 3Y-0.84%
EPS 5Y4.17%
EPS Q2Q%-21.83%
EPS Next Y-2.22%
EPS Next 2Y0.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.11%
Revenue growth 3Y9.96%
Revenue growth 5Y9.83%
Sales Q2Q%-4.03%
Revenue Next Year3.47%
Revenue Next 2Y4.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y40%
FCF growth 3Y12.95%
FCF growth 5YN/A
OCF growth 1Y29.64%
OCF growth 3Y-16.03%
OCF growth 5YN/A

MELHUS SPAREBANK / MELG.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MELHUS SPAREBANK?

ChartMill assigns a fundamental rating of 3 / 10 to MELG.OL.


Can you provide the valuation status for MELHUS SPAREBANK?

ChartMill assigns a valuation rating of 4 / 10 to MELHUS SPAREBANK (MELG.OL). This can be considered as Fairly Valued.


How profitable is MELHUS SPAREBANK (MELG.OL) stock?

MELHUS SPAREBANK (MELG.OL) has a profitability rating of 2 / 10.


What is the valuation of MELHUS SPAREBANK based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MELHUS SPAREBANK (MELG.OL) is 13.23 and the Price/Book (PB) ratio is 0.31.


Can you provide the dividend sustainability for MELG stock?

The dividend rating of MELHUS SPAREBANK (MELG.OL) is 6 / 10 and the dividend payout ratio is 87.11%.