MELG Fundamental Analysis - MELHUS SPAREBANK

Fundamental Rating

Taking everything into account, MELG scores 3 out of 10 in our fundamental rating. MELG was compared to 113 industry peers in the Banks industry. Both the profitability and financial health of MELG have multiple concerns. MELG has a decent growth rate and is not valued too expensively. MELG also has an excellent dividend rating.

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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's Return On Assets of 0.41% is on the low side compared to the rest of the industry. MELG is outperformed by 80.53% of its industry peers.

MELG has a worse Return On Equity (2.90%) than 83.19% 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 81.42% of its industry peers.

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)	13.07%
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

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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.

MELG has less shares outstanding than it did 5 years ago.

MELG has a better debt/assets ratio than last year.

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.

Looking at the Debt to FCF ratio, with a value of 7.62, MELG belongs to the top of the industry, outperforming 83.19% 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's Debt to Equity ratio of 1.43 is fine compared to the rest of the industry. MELG outperforms 63.72% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.43
Debt/FCF	7.62
Altman-Z	N/A

ROIC/WACCN/A

WACC5.79%

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 strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.49%, which is quite good.

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.

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)19.49%

EPS 3Y-2.01%

EPS 5Y2.28%

EPS Q2Q%-11.31%

Revenue 1Y (TTM)-0.72%

Revenue growth 3Y12.33%

Revenue growth 5Y8.85%

Sales Q2Q%-2.38%

3.2 Future

The Earnings Per Share is expected to grow by 1.73% on average over the next years.

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.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.54, MELG is valued correctly.

Compared to the rest of the industry, the Price/Earnings ratio of MELG indicates a slightly more expensive valuation: MELG is more expensive than 72.57% of the companies listed in the same industry.

When comparing the Price/Earnings ratio of MELG to the average of the S&P500 Index (26.28), we can say MELG is valued rather cheaply.

With a Price/Forward Earnings ratio of 12.01, MELG is valued correctly.

Based on the Price/Forward Earnings ratio, MELG is valued a bit more expensive than the industry average as 70.80% of the companies are valued more cheaply.

MELG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.52.

		Industry Rank	Sector Rank
PE	12.54
Fwd PE	12.01

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, MELG is valued cheaply inside the industry as 96.46% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	1.82
EV/EBITDA	N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MELG does not grow enough to justify the current Price/Earnings ratio.

PEG (NY)2.02

PEG (5Y)5.5

EPS Next 2Y2.96%

EPS Next 3Y1.73%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.92%, MELG is a good candidate for dividend investing.

Compared to an average industry Dividend Yield of 4.84, MELG pays a better dividend. On top of this MELG pays more dividend than 83.19% of the companies listed in the same industry.

Compared to an average S&P500 Dividend Yield of 2.31, MELG pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	6.92%

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.

MELG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.

DP75.4%

EPS Next 2Y2.96%

EPS Next 3Y1.73%

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MELHUS SPAREBANK

OSL:MELG (12/9/2025, 7:00:00 PM)

194.5

-0.5 (-0.26%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)11-14 2025-11-14/bmo

Earnings (Next)02-11 2026-02-11

Inst Owners8.7%

Inst Owner ChangeN/A

Ins Owners17.01%

Ins Owner ChangeN/A

Market Cap540.71M

Revenue(TTM)347.72M

Net Income(TTM)46.02M

Analysts42.22

Price Target180.54 (-7.18%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	6.92%

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)0%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)0%

Revenue NY rev (1m)0%

Revenue NY rev (3m)0%

Valuation

		Industry Rank	Sector Rank
PE	12.54
Fwd PE	12.01
P/S	1.54
P/FCF	1.82
P/OCF	1.75
P/B	0.34
P/tB	0.34
EV/EBITDA	N/A

EPS(TTM)15.51

EY7.97%

EPS(NY)16.2

Fwd EY8.33%

FCF(TTM)107.02

FCFY55.03%

OCF(TTM)110.83

OCFY56.98%

SpS126.62

BVpS570

TBVpS568.7

PEG (NY)2.02

PEG (5Y)5.5

Graham Number446

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

WACC5.79%

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 Y6.21%

EPS Next 2Y2.96%

EPS Next 3Y1.73%

EPS Next 5YN/A

Revenue 1Y (TTM)-0.72%

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 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 3 / 10 to MELG.OL.

What is the valuation status of MELHUS SPAREBANK (MELG.OL) stock?

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 is the valuation of MELHUS SPAREBANK based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MELHUS SPAREBANK (MELG.OL) is 12.54 and the Price/Book (PB) ratio is 0.34.

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%.

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

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens

MELHUS SPAREBANK / MELG.OL FAQ

Can you provide the ChartMill fundamental rating for MELHUS SPAREBANK?

What is the valuation status of MELHUS SPAREBANK (MELG.OL) stock?

What is the profitability of MELG stock?

What is the valuation of MELHUS SPAREBANK based on its PE and PB ratios?

How sustainable is the dividend of MELHUS SPAREBANK (MELG.OL) stock?