MELHUS SPAREBANK (MELG.OL) Stock Fundamental Analysis
OSL:MELG - Euronext Oslo - NO0006001908 - Common Stock - Currency: NOK
Overall MELG gets a fundamental rating of 3 out of 10. We evaluated MELG against 96 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 it does not seem to be growing. 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.
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 77.08% of its industry peers.
The Return On Equity of MELG (2.90%) is worse than 84.38% 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
Looking at the Profit Margin, with a value of 13.07%, MELG is doing worse than 79.17% of the companies in the same industry.
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.
Compared to 5 years ago, MELG has less shares outstanding
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 7.62, which is on the high side as it means it would take MELG, 7.62 years of fcf income to pay off all of its debts.
MELG's Debt to FCF ratio of 7.62 is amongst the best of the industry. MELG outperforms 87.50% 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.
The Debt to Equity ratio of MELG (1.43) is better than 67.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 7.62 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.54%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MELG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.94%.
MELG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.28% yearly.
The Revenue has decreased by -1.51% 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)-2.94%
EPS 3Y-2.01%
EPS 5Y2.28%
EPS Q2Q%8.03%
Revenue 1Y (TTM)-1.51%
Revenue growth 3Y12.33%
Revenue growth 5Y8.85%
Sales Q2Q%5.6%
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 4.63% yearly.
EPS Next Y-0.07%
EPS Next 2Y-0.77%
EPS Next 3Y0.33%
EPS Next 5YN/A
Revenue Next Year6.45%
Revenue Next 2Y5.03%
Revenue Next 3Y4.63%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.74 indicates a reasonable valuation of MELG.
72.92% of the companies in the same industry are cheaper than MELG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MELG to the average of the S&P500 Index (26.34), we can say MELG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 12.10, the valuation of MELG can be described as correct.
Based on the Price/Forward Earnings ratio, MELG is valued a bit more expensive than the industry average as 71.88% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of MELG to the average of the S&P500 Index (22.19), we can say MELG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.74 | ||
| Fwd PE | 12.1 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MELG is valued cheaply inside the industry as 92.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.7 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)5.15
EPS Next 2Y-0.77%
EPS Next 3Y0.33%
5. Dividend
5.1 Amount
MELG has a Yearly Dividend Yield of 7.58%, which is a nice return.
Compared to an average industry Dividend Yield of 5.14, MELG pays a better dividend. On top of this MELG pays more dividend than 89.58% 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 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.58% |
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
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 2Y-0.77%
EPS Next 3Y0.33%
OSL:MELG (6/17/2025, 7:00:00 PM)
181.98
-3.02 (-1.63%)
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 Cap505.90M
Analysts42.22
Price Target180.54 (-0.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.58% |
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)2.91%
PT rev (3m)-2.75%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.74 | ||
| Fwd PE | 12.1 | ||
| P/S | 1.44 | ||
| P/FCF | 1.7 | ||
| P/OCF | 1.64 | ||
| P/B | 0.32 | ||
| P/tB | 0.32 | ||
| EV/EBITDA | N/A |
EPS(TTM)15.5
EY8.52%
EPS(NY)15.05
Fwd EY8.27%
FCF(TTM)107.02
FCFY58.81%
OCF(TTM)110.83
OCFY60.9%
SpS126.62
BVpS570
TBVpS568.7
PEG (NY)N/A
PEG (5Y)5.15
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
WACC5.54%
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)-2.94%
EPS 3Y-2.01%
EPS 5Y2.28%
EPS Q2Q%8.03%
EPS Next Y-0.07%
EPS Next 2Y-0.77%
EPS Next 3Y0.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.51%
Revenue growth 3Y12.33%
Revenue growth 5Y8.85%
Sales Q2Q%5.6%
Revenue Next Year6.45%
Revenue Next 2Y5.03%
Revenue Next 3Y4.63%
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