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 92 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. Finally 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.

MELG had a positive operating cash flow in the past year.

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

With a Return On Assets value of 0.41%, MELG is not doing good in the industry: 76.09% of the companies in the same industry are doing better.

Looking at the Return On Equity, with a value of 2.91%, MELG is doing worse than 85.87% of the companies in the same industry.

		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 80.43% of the companies in the same industry.

MELG's Profit Margin has declined in the last couple of years.

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.

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.

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

2.2 Solvency

MELG has a debt to FCF ratio of 16.94. This is a negative value and a sign of low solvency as MELG would need 16.94 years to pay back of all of its debts.

MELG's Debt to FCF ratio of 16.94 is amongst the best of the industry. MELG outperforms 80.43% of its industry peers.

A Debt/Equity ratio of 1.45 is on the high side and indicates that MELG has dependencies on debt financing.

MELG has a better Debt to Equity ratio (1.45) than 65.22% of its industry peers.

		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 -2.94%.

The Earnings Per Share has been growing slightly by 2.28% on average over the past years.

The Revenue has decreased by -0.72% 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)-0.72%

Revenue growth 3Y12.33%

Revenue growth 5Y8.85%

Sales Q2Q%5.6%

3.2 Future

MELG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.33% yearly.

The Revenue is expected to grow by 4.63% on average over the next years.

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

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.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.16, the valuation of MELG can be described as reasonable.

Based on the Price/Earnings ratio, MELG is valued a bit more expensive than the industry average as 71.74% of the companies are valued more cheaply.

MELG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.20.

A Price/Forward Earnings ratio of 11.50 indicates a reasonable valuation of MELG.

Based on the Price/Forward Earnings ratio, MELG is valued a bit more expensive than the industry average as 69.57% of the companies are valued more cheaply.

Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, MELG is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	11.16
Fwd PE	11.5

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, MELG is valued cheaper than 88.04% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	3.59
EV/EBITDA	N/A

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)4.89

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.80%, MELG is a good candidate for dividend investing.

MELG's Dividend Yield is rather good when compared to the industry average which is at 5.03. MELG pays more dividend than 93.48% of the companies 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	7.8%

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 76.24% 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.

DP76.24%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

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MELHUS SPAREBANK

OSL:MELG (5/27/2025, 7:00:00 PM)

173.02

-0.88 (-0.51%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)05-16 2025-05-16/bmo

Earnings (Next)08-14 2025-08-14

Inst Owners8.33%

Inst Owner ChangeN/A

Ins Owners18.8%

Ins Owner ChangeN/A

Market Cap481.00M

Analysts42.22

Price Target175.44 (1.4%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	7.8%

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)-5.49%

PT rev (3m)0%

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)9.66%

Revenue NY rev (3m)2.61%

Valuation

		Industry Rank	Sector Rank
PE	11.16
Fwd PE	11.5
P/S	1.38
P/FCF	3.59
P/OCF	3.33
P/B	0.31
P/tB	0.31
EV/EBITDA	N/A

EPS(TTM)15.5

EY8.96%

EPS(NY)15.05

Fwd EY8.7%

FCF(TTM)48.15

FCFY27.83%

OCF(TTM)52

OCFY30.05%

SpS125.04

BVpS562.21

TBVpS560.78

PEG (NY)N/A

PEG (5Y)4.89

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)-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)-0.72%

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 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

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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