MELHUS SPAREBANK(OSL:MELG) stock Fundamental Analysis

Fundamental Rating

Taking everything into account, MELG scores 3 out of 10 in our fundamental rating. MELG was compared to 95 industry peers in the Banks industry. MELG has a bad profitability rating. Also its financial health evaluation is rather negative. MELG has a valuation in line with the averages, but on the other hand it scores bad on growth. MELG also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

MELG had positive earnings in the past year.

In the past year MELG had a positive cash flow from operations.

MELG had positive earnings in each of the past 5 years.

In multiple years MELG reported negative operating cash flow during the last 5 years.

1.2 Ratios

MELG has a Return On Assets of 0.41%. This is in the lower half of the industry: MELG underperforms 73.68% of its industry peers.

With a Return On Equity value of 2.91%, MELG is not doing good in the industry: 83.16% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	0.41%
ROE	2.91%
ROIC	N/A

ROA(3y)0.39%

ROA(5y)0.38%

ROE(3y)2.93%

ROE(5y)2.99%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 13.10%, MELG is doing worse than 77.89% of the companies in the same industry.

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 Rank	Sector Rank
OM	N/A
PM (TTM)	13.1%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-5.95%

PM growth 5Y-4.7%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

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.

The number of shares outstanding for MELG has been reduced compared to 5 years ago.

The debt/assets ratio for MELG has been reduced compared to a year ago.

2.2 Solvency

The Debt to FCF ratio of MELG is 16.94, which is on the high side as it means it would take MELG, 16.94 years of fcf income to pay off all of its debts.

The Debt to FCF ratio of MELG (16.94) is better than 81.05% of its industry peers.

MELG has a Debt/Equity ratio of 1.45. This is a high value indicating a heavy dependency on external financing.

With a decent Debt to Equity ratio value of 1.45, MELG is doing good in the industry, outperforming 68.42% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	1.45
Debt/FCF	16.94
Altman-Z	N/A

ROIC/WACCN/A

WACC5.53%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

MELG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.14%.

Measured over the past 5 years, MELG shows a small growth in Earnings Per Share. The EPS has been growing by 2.28% on average per year.

The Revenue has decreased by -0.12% in the past year.

Measured over the past years, MELG shows a quite strong growth in Revenue. The Revenue has been growing by 8.85% on average per year.

EPS 1Y (TTM)-6.14%

EPS 3Y-2.01%

EPS 5Y2.28%

EPS Q2Q%100.88%

Revenue 1Y (TTM)-0.12%

Revenue growth 3Y12.33%

Revenue growth 5Y8.85%

Sales Q2Q%36.73%

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 0.33% on average per year.

MELG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.00% yearly.

EPS Next Y-0.07%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

EPS Next 5YN/A

Revenue Next Year-2.93%

Revenue Next 2Y4.38%

Revenue Next 3Y5%

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 decreasing.

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.13, the valuation of MELG can be described as very reasonable.

MELG's Price/Earnings ratio is a bit more expensive when compared to the industry. MELG is more expensive than 71.58% of the companies in the same industry.

MELG is valuated cheaply when we compare the Price/Earnings ratio to 24.29, which is the current average of the S&P500 Index.

The Price/Forward Earnings ratio is 11.13, which indicates a very decent valuation of MELG.

70.53% of the companies in the same industry are cheaper than MELG, based on the Price/Forward Earnings ratio.

Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, MELG is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	11.13
Fwd PE	11.13

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of MELG indicates a rather cheap valuation: MELG is cheaper than 88.42% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	3.53
EV/EBITDA	N/A

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)4.88

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

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5. Dividend

5.1 Amount

MELG has a Yearly Dividend Yield of 7.95%, which is a nice return.

Compared to an average industry Dividend Yield of 5.30, MELG pays a better dividend. On top of this MELG pays more dividend than 93.68% of the companies listed in the same industry.

MELG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.

		Industry Rank	Sector Rank
Dividend Yield	7.95%

5.2 History

On average, the dividend of MELG grows each year by 8.45%, which is quite nice.

Dividend Growth(5Y)8.45%

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

76.24% of the earnings are spent on dividend by MELG. This is not a sustainable payout ratio.

MELG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.

DP76.24%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

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MELHUS SPAREBANK

OSL:MELG (5/6/2025, 7:00:00 PM)

170

+0.4 (+0.24%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)02-14 2025-02-14/bmo

Earnings (Next)05-15 2025-05-15

Inst Owners8.33%

Inst Owner ChangeN/A

Ins Owners18.8%

Ins Owner ChangeN/A

Market Cap472.60M

Analysts42.22

Price Target185.64 (9.2%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	7.95%

Yearly Dividend12.5

Dividend Growth(5Y)8.45%

DP76.24%

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)26.55%

Min EPS beat(2)10.55%

Max EPS beat(2)42.55%

EPS beat(4)3

Avg EPS beat(4)12.12%

Min EPS beat(4)-8.63%

Max EPS beat(4)42.55%

EPS beat(8)4

Avg EPS beat(8)-0.24%

EPS beat(12)5

Avg EPS beat(12)-1.86%

EPS beat(16)8

Avg EPS beat(16)1.13%

Revenue beat(2)2

Avg Revenue beat(2)3.36%

Min Revenue beat(2)3.08%

Max Revenue beat(2)3.63%

Revenue beat(4)3

Avg Revenue beat(4)4.32%

Min Revenue beat(4)-2.25%

Max Revenue beat(4)12.84%

Revenue beat(8)5

Avg Revenue beat(8)-5.88%

Revenue beat(12)9

Avg Revenue beat(12)-0.93%

Revenue beat(16)13

Avg Revenue beat(16)2.84%

PT rev (1m)0%

PT rev (3m)5.81%

EPS NQ rev (1m)1.25%

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)-0.2%

Revenue NQ rev (1m)1.62%

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)-6.23%

Valuation

		Industry Rank	Sector Rank
PE	11.13
Fwd PE	11.13
P/S	1.36
P/FCF	3.53
P/OCF	3.27
P/B	0.3
P/tB	0.3
EV/EBITDA	N/A

EPS(TTM)15.28

EY8.99%

EPS(NY)15.27

Fwd EY8.98%

FCF(TTM)48.15

FCFY28.32%

OCF(TTM)52

OCFY30.59%

SpS125.04

BVpS562.21

TBVpS560.78

PEG (NY)N/A

PEG (5Y)4.88

Profitability

		Industry Rank	Sector Rank
ROA	0.41%
ROE	2.91%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	13.1%
GM	N/A
FCFM	38.51%

ROA(3y)0.39%

ROA(5y)0.38%

ROE(3y)2.93%

ROE(5y)2.99%

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

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-5.95%

PM growth 5Y-4.7%

GM growth 3YN/A

GM growth 5YN/A

F-Score5

Asset Turnover0.03

Health

		Industry Rank	Sector Rank
Debt/Equity	1.45
Debt/FCF	16.94
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	3.08%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	294.06%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score5

WACC5.53%

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)394.21%

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-6.14%

EPS 3Y-2.01%

EPS 5Y2.28%

EPS Q2Q%100.88%

EPS Next Y-0.07%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

EPS Next 5YN/A

Revenue 1Y (TTM)-0.12%

Revenue growth 3Y12.33%

Revenue growth 5Y8.85%

Sales Q2Q%36.73%

Revenue Next Year-2.93%

Revenue Next 2Y4.38%

Revenue Next 3Y5%

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 1Y-45.04%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-40.65%

OCF growth 3YN/A

OCF growth 5YN/A

MELHUS SPAREBANK (MELG.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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