MELHUS SPAREBANK (MELG.OL) Stock Fundamental Analysis
Europe - OSL:MELG - NO0006001908 - Common Stock
173 NOK
0 (0%)
We assign a fundamental rating of 4 out of 10 to MELG. 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 is not valued too expensively and it also shows a decent growth rate. Finally MELG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year MELG was profitable.
In the past year MELG had a positive cash flow from operations.
In the past 5 years MELG has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: MELG reported negative operating cash flow in multiple years.
1.2 Ratios
MELG has a Return On Assets of 0.41%. This is in the lower half of the industry: MELG underperforms 78.95% of its industry peers.
MELG's Return On Equity of 2.90% is on the low side compared to the rest of the industry. MELG is outperformed by 82.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.41% | ||
| ROE | 2.9% | ||
| 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
MELG has a worse Profit Margin (13.07%) than 81.05% of its industry peers.
In the last couple of years the Profit Margin of MELG has declined.
MELG does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 13.07% | ||
| 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
2. Health
2.1 Basic Checks
MELG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MELG has about the same amount of shares outstanding.
MELG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MELG has an improved debt to assets ratio.
2.2 Solvency
MELG has a debt to FCF ratio of 7.62. This is a slightly negative value and a sign of low solvency as MELG would need 7.62 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 7.62, MELG belongs to the best of the industry, outperforming 86.32% of the companies in the same industry.
MELG has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
MELG has a Debt to Equity ratio of 1.43. This is in the better half of the industry: MELG outperforms 66.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 7.62 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.47%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.39% over the past year.
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.
MELG shows a small growth in Revenue. In the last year, the Revenue has grown by 7.81%.
MELG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.85% yearly.
EPS 1Y (TTM)20.39%
EPS 3Y-2.01%
EPS 5Y2.28%
EPS Q2Q%8.1%
Revenue 1Y (TTM)7.81%
Revenue growth 3Y12.33%
Revenue growth 5Y8.85%
Sales Q2Q%7.07%
3.2 Future
MELG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.73% yearly.
Based on estimates for the next years, MELG will show a small growth in Revenue. The Revenue will grow by 4.32% on average per year.
EPS Next Y6.21%
EPS Next 2Y2.96%
EPS Next 3Y1.73%
EPS Next 5YN/A
Revenue Next Year5.37%
Revenue Next 2Y4.58%
Revenue Next 3Y4.32%
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.
4. Valuation
4.1 Price/Earnings Ratio
MELG is valuated reasonably with a Price/Earnings ratio of 10.89.
65.26% of the companies in the same industry are cheaper than MELG, based on the Price/Earnings ratio.
MELG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.83.
A Price/Forward Earnings ratio of 10.68 indicates a reasonable valuation of MELG.
The rest of the industry has a similar Price/Forward Earnings ratio as MELG.
The average S&P500 Price/Forward Earnings ratio is at 32.68. MELG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.89 | ||
| Fwd PE | 10.68 |
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 96.84% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.62 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.76
PEG (5Y)4.77
EPS Next 2Y2.96%
EPS Next 3Y1.73%
5. Dividend
5.1 Amount
MELG has a Yearly Dividend Yield of 7.80%, which is a nice return.
Compared to an average industry Dividend Yield of 4.83, MELG pays a better dividend. On top of this MELG pays more dividend than 95.79% 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 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.8% |
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
MELG pays out 75.40% 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.
DP75.4%
EPS Next 2Y2.96%
EPS Next 3Y1.73%
OSL:MELG (11/7/2025, 7:00:00 PM)
173
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners8.7%
Inst Owner ChangeN/A
Ins Owners17.01%
Ins Owner ChangeN/A
Market Cap480.94M
Revenue(TTM)358.86M
Net Income(TTM)46.02M
Analysts42.22
Price Target180.54 (4.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.8% |
Yearly Dividend12.5
Dividend Growth(5Y)8.45%
DP75.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)15.92%
Min EPS beat(2)-10.71%
Max EPS beat(2)42.55%
EPS beat(4)3
Avg EPS beat(4)11.6%
Min EPS beat(4)-10.71%
Max EPS beat(4)42.55%
EPS beat(8)4
Avg EPS beat(8)-1.13%
EPS beat(12)5
Avg EPS beat(12)-1.62%
EPS beat(16)7
Avg EPS beat(16)0.02%
Revenue beat(2)1
Avg Revenue beat(2)1.27%
Min Revenue beat(2)-1.09%
Max Revenue beat(2)3.63%
Revenue beat(4)3
Avg Revenue beat(4)4.61%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)12.84%
Revenue beat(8)4
Avg Revenue beat(8)-6.84%
Revenue beat(12)8
Avg Revenue beat(12)-1.29%
Revenue beat(16)12
Avg Revenue beat(16)2.03%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)6.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.89 | ||
| Fwd PE | 10.68 | ||
| P/S | 1.37 | ||
| P/FCF | 1.62 | ||
| P/OCF | 1.56 | ||
| P/B | 0.3 | ||
| P/tB | 0.3 | ||
| EV/EBITDA | N/A |
EPS(TTM)15.88
EY9.18%
EPS(NY)16.2
Fwd EY9.36%
FCF(TTM)107.02
FCFY61.86%
OCF(TTM)110.83
OCFY64.07%
SpS126.62
BVpS570
TBVpS568.7
PEG (NY)1.76
PEG (5Y)4.77
Graham Number451.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.41% | ||
| ROE | 2.9% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 13.07% | ||
| GM | N/A | ||
| FCFM | 84.53% |
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
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-5.95%
PM growth 5Y-4.7%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 7.62 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 646.48% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC5.47%
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)20.39%
EPS 3Y-2.01%
EPS 5Y2.28%
EPS Q2Q%8.1%
EPS Next Y6.21%
EPS Next 2Y2.96%
EPS Next 3Y1.73%
EPS Next 5YN/A
Revenue 1Y (TTM)7.81%
Revenue growth 3Y12.33%
Revenue growth 5Y8.85%
Sales Q2Q%7.07%
Revenue Next Year5.37%
Revenue Next 2Y4.58%
Revenue Next 3Y4.32%
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 1Y183.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y286.9%
OCF growth 3YN/A
OCF growth 5YN/A
MELHUS SPAREBANK / MELG.OL FAQ
Can you provide the ChartMill fundamental rating for MELHUS SPAREBANK?
ChartMill assigns a fundamental rating of 4 / 10 to MELG.OL.
What is the valuation status of MELHUS SPAREBANK (MELG.OL) stock?
ChartMill assigns a valuation rating of 5 / 10 to MELHUS SPAREBANK (MELG.OL). This can be considered as Fairly Valued.
What is the profitability of MELG 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 10.89 and the Price/Book (PB) ratio is 0.3.
How sustainable is the dividend of MELHUS SPAREBANK (MELG.OL) stock?
The dividend rating of MELHUS SPAREBANK (MELG.OL) is 7 / 10 and the dividend payout ratio is 75.4%.