MELHUS SPAREBANK (MELG.OL) Stock Fundamental Analysis
OSL:MELG - NO0006001908 - Common Stock
175 NOK
+0.8 (+0.46%)
We assign a fundamental rating of 4 out of 10 to MELG. MELG was compared to 89 industry peers in the Banks industry. MELG may be in some trouble as it scores bad on both profitability and health. MELG has a decent growth rate and is not valued too expensively. Finally MELG also has an excellent dividend rating.
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.
In the past 5 years MELG has always been profitable.
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 76.40% of its industry peers.
MELG has a worse Return On Equity (2.90%) than 82.02% 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
The Profit Margin of MELG (13.07%) is worse than 79.78% 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 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.
MELG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for MELG has been reduced compared to 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.
MELG's Debt to FCF ratio of 7.62 is amongst the best of the industry. MELG outperforms 85.39% of its industry peers.
A Debt/Equity ratio of 1.43 is on the high side and indicates that MELG has dependencies on debt financing.
MELG has a better Debt to Equity ratio (1.43) than 64.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 7.62 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.49%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MELG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.39%, which is quite impressive.
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 7.81%.
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)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
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.
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 11.02.
Based on the Price/Earnings ratio, MELG is valued a bit more expensive than the industry average as 65.17% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 27.06, MELG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.80, the valuation of MELG can be described as reasonable.
MELG's Price/Forward Earnings ratio is in line with the industry average.
MELG is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.02 | ||
| Fwd PE | 10.8 |
4.2 Price Multiples
MELG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MELG is cheaper than 94.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.64 | ||
| 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)1.78
PEG (5Y)4.83
EPS Next 2Y2.96%
EPS Next 3Y1.73%
5. Dividend
5.1 Amount
MELG has a Yearly Dividend Yield of 7.75%, which is a nice return.
MELG's Dividend Yield is rather good when compared to the industry average which is at 5.09. MELG pays more dividend than 91.01% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, MELG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.75% |
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
75.40% of the earnings are spent on dividend by MELG. 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 (9/5/2025, 7:00:00 PM)
175
+0.8 (+0.46%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners8.7%
Inst Owner ChangeN/A
Ins Owners18.8%
Ins Owner ChangeN/A
Market Cap486.50M
Analysts42.22
Price Target180.54 (3.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.75% |
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)2.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.44%
EPS NY rev (1m)6.28%
EPS NY rev (3m)6.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.02 | ||
| Fwd PE | 10.8 | ||
| P/S | 1.38 | ||
| P/FCF | 1.64 | ||
| P/OCF | 1.58 | ||
| P/B | 0.31 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)15.88
EY9.07%
EPS(NY)16.2
Fwd EY9.26%
FCF(TTM)107.02
FCFY61.16%
OCF(TTM)110.83
OCFY63.33%
SpS126.62
BVpS570
TBVpS568.7
PEG (NY)1.78
PEG (5Y)4.83
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
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-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
WACC5.49%
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