MELHUS SPAREBANK (MELG.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:MELG • NO0006001908

191.88 NOK
0 (0%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

MELG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 111 industry peers in the Banks industry. Both the profitability and financial health of MELG have multiple concerns. MELG has a correct valuation and a medium growth rate. MELG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year MELG was profitable.
  • MELG had a positive operating cash flow in the past year.
  • MELG had positive earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: MELG reported negative operating cash flow in multiple years.
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 0 200M -200M -400M -600M

1.2 Ratios

  • The Return On Assets of MELG (0.38%) is worse than 82.88% of its industry peers.
  • MELG has a worse Return On Equity (2.81%) than 81.98% of its industry peers.
Industry RankSector Rank
ROA 0.38%
ROE 2.81%
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
MELG.OL Yearly ROA, ROE, ROICMELG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

1.3 Margins

  • MELG's Profit Margin of 12.88% is on the low side compared to the rest of the industry. MELG is outperformed by 83.78% of its industry peers.
  • MELG's Profit Margin has declined in the last couple of years.
  • MELG does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 12.88%
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
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 5 10 15

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 5 years ago, MELG has less shares outstanding
  • MELG has a better 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 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 2B 4B 6B 8B 10B

2.2 Solvency

  • The Debt to FCF ratio of MELG is 15.69, which is on the high side as it means it would take MELG, 15.69 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MELG (15.69) is better than 71.17% of its industry peers.
  • A Debt/Equity ratio of 1.53 is on the high side and indicates that MELG has dependencies on debt financing.
  • MELG has a Debt to Equity ratio (1.53) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.53
Debt/FCF 15.69
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 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 20M 40M 60M

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

4

3. Growth

3.1 Past

  • MELG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.49%, which is quite good.
  • MELG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.28% yearly.
  • MELG shows a small growth in Revenue. In the last year, the Revenue has grown by 6.69%.
  • The Revenue has been growing by 8.85% on average over the past years. This is quite good.
EPS 1Y (TTM)19.49%
EPS 3Y-2.01%
EPS 5Y2.28%
EPS Q2Q%-11.31%
Revenue 1Y (TTM)6.69%
Revenue growth 3Y12.33%
Revenue growth 5Y8.85%
Sales Q2Q%-2.38%

3.2 Future

  • MELG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.56% yearly.
  • MELG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.32% yearly.
EPS Next Y-3.67%
EPS Next 2Y-3.64%
EPS Next 3Y-1.56%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.37, MELG is valued correctly.
  • Based on the Price/Earnings ratio, MELG is valued a bit more expensive than the industry average as 63.96% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, MELG is valued rather cheaply.
  • MELG is valuated correctly with a Price/Forward Earnings ratio of 13.52.
  • Based on the Price/Forward Earnings ratio, MELG is valued a bit more expensive than the industry average as 77.48% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of MELG to the average of the S&P500 Index (27.78), we can say MELG is valued rather cheaply.
Industry RankSector Rank
PE 12.37
Fwd PE 13.52
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 cheaply inside the industry as 87.39% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.33
EV/EBITDA N/A
MELG.OL Per share dataMELG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400 500

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)5.42
EPS Next 2Y-3.64%
EPS Next 3Y-1.56%

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

7

5. Dividend

5.1 Amount

  • MELG has a Yearly Dividend Yield of 6.92%, which is a nice return.
  • MELG's Dividend Yield is rather good when compared to the industry average which is at 4.09. MELG pays more dividend than 86.49% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, MELG pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.92%

5.2 History

  • The dividend of MELG is nicely growing with an annual growth rate of 8.45%!
Dividend Growth(5Y)8.45%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 75.23% of the earnings are spent on dividend by MELG. This is not a sustainable payout ratio.
  • MELG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP75.23%
EPS Next 2Y-3.64%
EPS Next 3Y-1.56%
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 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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Find the best dividend stocksShow peers with best dividend

MELHUS SPAREBANK

OSL:MELG (2/6/2026, 7:00:00 PM)

191.88

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)11-14
Earnings (Next)02-11
Inst Owners8.7%
Inst Owner ChangeN/A
Ins Owners17.01%
Ins Owner ChangeN/A
Market Cap533.43M
Revenue(TTM)358.07M
Net Income(TTM)46.13M
Analysts42.22
Price Target187.68 (-2.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.92%
Yearly Dividend12.5
Dividend Growth(5Y)8.45%
DP75.23%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.85%
Min EPS beat(2)-22.32%
Max EPS beat(2)0.62%
EPS beat(4)2
Avg EPS beat(4)2.53%
Min EPS beat(4)-22.32%
Max EPS beat(4)42.55%
EPS beat(8)4
Avg EPS beat(8)-2.41%
EPS beat(12)5
Avg EPS beat(12)-4.88%
EPS beat(16)7
Avg EPS beat(16)-3.36%
Revenue beat(2)1
Avg Revenue beat(2)3.83%
Min Revenue beat(2)-6.81%
Max Revenue beat(2)14.48%
Revenue beat(4)2
Avg Revenue beat(4)2.55%
Min Revenue beat(4)-6.81%
Max Revenue beat(4)14.48%
Revenue beat(8)4
Avg Revenue beat(8)0.89%
Revenue beat(12)7
Avg Revenue beat(12)-3.34%
Revenue beat(16)11
Avg Revenue beat(16)0.64%
PT rev (1m)3.95%
PT rev (3m)3.95%
EPS NQ rev (1m)-10.79%
EPS NQ rev (3m)-10.79%
EPS NY rev (1m)-9.3%
EPS NY rev (3m)-9.3%
Revenue NQ rev (1m)-6.33%
Revenue NQ rev (3m)-6.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 12.37
Fwd PE 13.52
P/S 1.49
P/FCF 3.33
P/OCF 3.1
P/B 0.33
P/tB 0.33
EV/EBITDA N/A
EPS(TTM)15.51
EY8.08%
EPS(NY)14.19
Fwd EY7.39%
FCF(TTM)57.7
FCFY30.07%
OCF(TTM)61.82
OCFY32.22%
SpS128.8
BVpS590.05
TBVpS588.99
PEG (NY)N/A
PEG (5Y)5.42
Graham Number453.77
Profitability
Industry RankSector Rank
ROA 0.38%
ROE 2.81%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 12.88%
GM N/A
FCFM 44.8%
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-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.53
Debt/FCF 15.69
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 3.2%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 347.75%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
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)394.21%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.49%
EPS 3Y-2.01%
EPS 5Y2.28%
EPS Q2Q%-11.31%
EPS Next Y-3.67%
EPS Next 2Y-3.64%
EPS Next 3Y-1.56%
EPS Next 5YN/A
Revenue 1Y (TTM)6.69%
Revenue growth 3Y12.33%
Revenue growth 5Y8.85%
Sales Q2Q%-2.38%
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 1Y-63.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-67.13%
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 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.


What is the profitability of MELG stock?

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


What are the PE and PB ratios of MELHUS SPAREBANK (MELG.OL) stock?

The Price/Earnings (PE) ratio for MELHUS SPAREBANK (MELG.OL) is 12.37 and the Price/Book (PB) ratio is 0.33.


Can you provide the expected EPS growth for MELG stock?

The Earnings per Share (EPS) of MELHUS SPAREBANK (MELG.OL) is expected to decline by -3.67% in the next year.