MELHUS SPAREBANK (MELG.OL) Fundamental Analysis & Valuation

OSL:MELG • NO0006001908

Current stock price

188.5 NOK
-1.5 (-0.79%)
Last:

This MELG.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. MELG.OL Profitability Analysis

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.
  • Of the past 5 years MELG 4 years had a positive operating cash flow.
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 2025 0 200M -200M -400M -600M

1.2 Ratios

  • MELG has a worse Return On Assets (0.36%) than 86.36% of its industry peers.
  • With a Return On Equity value of 2.53%, MELG is not doing good in the industry: 88.18% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.36%
ROE 2.53%
ROIC N/A
ROA(3y)0.4%
ROA(5y)0.38%
ROE(3y)2.87%
ROE(5y)2.91%
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 2025 1 2 3

1.3 Margins

  • MELG has a worse Profit Margin (12.12%) than 85.45% 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) 12.12%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.87%
PM growth 5Y-3.94%
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 2025 5 10 15

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2

2. MELG.OL Health Analysis

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 worse 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 2025 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 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • MELG has a debt to FCF ratio of 13.43. This is a negative value and a sign of low solvency as MELG would need 13.43 years to pay back of all of its debts.
  • The Debt to FCF ratio of MELG (13.43) is better than 74.55% of its industry peers.
  • A Debt/Equity ratio of 1.48 is on the high side and indicates that MELG has dependencies on debt financing.
  • MELG has a Debt to Equity ratio (1.48) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 13.43
Altman-Z N/A
ROIC/WACCN/A
WACC5.88%
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 2025 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 2025 20M 40M 60M

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

3

3. MELG.OL Growth Analysis

3.1 Past

  • The earnings per share for MELG have decreased by -5.04% in the last year.
  • Measured over the past 5 years, MELG shows a small growth in Earnings Per Share. The EPS has been growing by 4.17% on average per year.
  • MELG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.11%.
  • MELG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.83% yearly.
EPS 1Y (TTM)-5.04%
EPS 3Y-0.84%
EPS 5Y4.17%
EPS Q2Q%-21.83%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y9.96%
Revenue growth 5Y9.83%
Sales Q2Q%-4.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.23% 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 4.58% on average per year.
EPS Next Y-2.22%
EPS Next 2Y0.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.47%
Revenue Next 2Y4.58%
Revenue Next 3YN/A
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.
  • 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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3

4. MELG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • MELG is valuated correctly with a Price/Earnings ratio of 12.99.
  • Compared to the rest of the industry, the Price/Earnings ratio of MELG indicates a rather expensive valuation: MELG more expensive than 80.00% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of MELG to the average of the S&P500 Index (25.54), we can say MELG is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 13.29, MELG is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MELG indicates a slightly more expensive valuation: MELG is more expensive than 77.27% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.70. MELG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 12.99
Fwd PE 13.29
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

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MELG indicates a rather cheap valuation: MELG is cheaper than 81.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.8
EV/EBITDA N/A
MELG.OL Per share dataMELG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 200 400 600

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)3.12
EPS Next 2Y0.23%
EPS Next 3YN/A

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

6

5. MELG.OL Dividend Analysis

5.1 Amount

  • MELG has a Yearly Dividend Yield of 6.68%, which is a nice return.
  • MELG's Dividend Yield is rather good when compared to the industry average which is at 4.75. MELG pays more dividend than 82.73% of the companies in the same industry.
  • MELG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.68%

5.2 History

  • On average, the dividend of MELG grows each year by 7.82%, which is quite nice.
Dividend Growth(5Y)7.82%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 87.11% 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.
DP87.11%
EPS Next 2Y0.23%
EPS Next 3YN/A
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 2025 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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MELG.OL Fundamentals: All Metrics, Ratios and Statistics

MELHUS SPAREBANK

OSL:MELG (3/23/2026, 7:00:00 PM)

188.5

-1.5 (-0.79%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-12
Earnings (Next)05-12
Inst Owners8.7%
Inst Owner ChangeN/A
Ins Owners16.17%
Ins Owner ChangeN/A
Market Cap524.03M
Revenue(TTM)354.97M
Net Income(TTM)43.02M
Analysts42.22
Price Target187.68 (-0.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.68%
Yearly Dividend13.5
Dividend Growth(5Y)7.82%
DP87.11%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.98%
Min EPS beat(2)-22.32%
Max EPS beat(2)-5.65%
EPS beat(4)1
Avg EPS beat(4)-9.51%
Min EPS beat(4)-22.32%
Max EPS beat(4)0.62%
EPS beat(8)4
Avg EPS beat(8)1.3%
EPS beat(12)5
Avg EPS beat(12)-3.33%
EPS beat(16)6
Avg EPS beat(16)-3.77%
Revenue beat(2)0
Avg Revenue beat(2)-4.03%
Min Revenue beat(2)-6.81%
Max Revenue beat(2)-1.24%
Revenue beat(4)1
Avg Revenue beat(4)1.33%
Min Revenue beat(4)-6.81%
Max Revenue beat(4)14.48%
Revenue beat(8)4
Avg Revenue beat(8)2.83%
Revenue beat(12)6
Avg Revenue beat(12)-3.47%
Revenue beat(16)10
Avg Revenue beat(16)-0.37%
PT rev (1m)0%
PT rev (3m)3.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-12.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-4.96%
Revenue NY rev (3m)-4.96%
Valuation
Industry RankSector Rank
PE 12.99
Fwd PE 13.29
P/S 1.48
P/FCF 2.8
P/OCF 2.8
P/B 0.31
P/tB 0.31
EV/EBITDA N/A
EPS(TTM)14.51
EY7.7%
EPS(NY)14.19
Fwd EY7.53%
FCF(TTM)67.41
FCFY35.76%
OCF(TTM)67.41
OCFY35.76%
SpS127.69
BVpS612.6
TBVpS611.66
PEG (NY)N/A
PEG (5Y)3.12
Graham Number447.21
Profitability
Industry RankSector Rank
ROA 0.36%
ROE 2.53%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 12.12%
GM N/A
FCFM 52.79%
ROA(3y)0.4%
ROA(5y)0.38%
ROE(3y)2.87%
ROE(5y)2.91%
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-2.87%
PM growth 5Y-3.94%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 13.43
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 435.57%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC5.88%
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)416.67%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.04%
EPS 3Y-0.84%
EPS 5Y4.17%
EPS Q2Q%-21.83%
EPS Next Y-2.22%
EPS Next 2Y0.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.11%
Revenue growth 3Y9.96%
Revenue growth 5Y9.83%
Sales Q2Q%-4.03%
Revenue Next Year3.47%
Revenue Next 2Y4.58%
Revenue Next 3YN/A
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 1Y40%
FCF growth 3Y12.95%
FCF growth 5YN/A
OCF growth 1Y29.64%
OCF growth 3Y-16.03%
OCF growth 5YN/A

MELHUS SPAREBANK / MELG.OL Fundamental Analysis 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 3 / 10 to MELHUS SPAREBANK (MELG.OL). This can be considered as Overvalued.


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 12.99 and the Price/Book (PB) ratio is 0.31.


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 -2.22% in the next year.