SPAREBANK 1 SMN (MING.OL) Stock Fundamental Analysis
Europe - OSL:MING - NO0006390301 - Common Stock
192.42 NOK
+0.66 (+0.34%)
MING gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 97 industry peers in the Banks industry. MING has a medium profitability rating, but doesn't score so well on its financial health evaluation. MING has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally MING also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year MING was profitable.
In the past year MING had a positive cash flow from operations.
Each year in the past 5 years MING has been profitable.
In multiple years MING reported negative operating cash flow during the last 5 years.
1.2 Ratios
MING has a Return On Assets of 1.17%. This is amongst the best in the industry. MING outperforms 82.47% of its industry peers.
Looking at the Return On Equity, with a value of 10.32%, MING is in line with its industry, outperforming 51.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.17% | ||
| ROE | 10.32% | ||
| ROIC | N/A |
ROA(3y)0.98%
ROA(5y)0.88%
ROE(3y)8.44%
ROE(5y)7.73%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MING has a Profit Margin of 31.36%. This is amongst the best in the industry. MING outperforms 80.41% of its industry peers.
MING's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for MING so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 31.36% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y8.17%
PM growth 5Y5.17%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MING does not have a ROIC to compare to the WACC, probably because it is not profitable.
MING has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MING has more shares outstanding
MING has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of MING is 10.21, which is on the high side as it means it would take MING, 10.21 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 10.21, MING belongs to the best of the industry, outperforming 81.44% of the companies in the same industry.
A Debt/Equity ratio of 1.89 is on the high side and indicates that MING has dependencies on debt financing.
MING's Debt to Equity ratio of 1.89 is in line compared to the rest of the industry. MING outperforms 55.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 10.21 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC3.31%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.21% over the past year.
The Earnings Per Share has been growing by 9.16% on average over the past years. This is quite good.
The Revenue for MING has decreased by -12.21% in the past year. This is quite bad
The Revenue has been growing slightly by 7.97% on average over the past years.
EPS 1Y (TTM)13.21%
EPS 3Y14.86%
EPS 5Y9.16%
EPS Q2Q%12.64%
Revenue 1Y (TTM)-12.21%
Revenue growth 3Y10.85%
Revenue growth 5Y7.97%
Sales Q2Q%8.93%
3.2 Future
Based on estimates for the next years, MING will show a decrease in Earnings Per Share. The EPS will decrease by -2.18% on average per year.
The Revenue is expected to grow by 2.87% on average over the next years.
EPS Next Y-9.56%
EPS Next 2Y-4.65%
EPS Next 3Y-2.18%
EPS Next 5YN/A
Revenue Next Year3.46%
Revenue Next 2Y2.98%
Revenue Next 3Y2.87%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.44, which indicates a very decent valuation of MING.
Compared to the rest of the industry, the Price/Earnings ratio of MING indicates a somewhat cheap valuation: MING is cheaper than 63.92% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.67. MING is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 10.48, the valuation of MING can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MING is on the same level as its industry peers.
MING is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.44 | ||
| Fwd PE | 10.48 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MING indicates a rather cheap valuation: MING is cheaper than 84.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.16 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as MING's earnings are expected to decrease with -2.18% in the coming years.
PEG (NY)N/A
PEG (5Y)1.03
EPS Next 2Y-4.65%
EPS Next 3Y-2.18%
5. Dividend
5.1 Amount
MING has a Yearly Dividend Yield of 6.63%, which is a nice return.
MING's Dividend Yield is rather good when compared to the industry average which is at 5.02. MING pays more dividend than 82.47% of the companies in the same industry.
MING's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
5.2 History
The dividend of MING is nicely growing with an annual growth rate of 6.94%!
Dividend Growth(5Y)6.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
60.23% of the earnings are spent on dividend by MING. This is not a sustainable payout ratio.
The Dividend Rate of MING has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP60.23%
EPS Next 2Y-4.65%
EPS Next 3Y-2.18%
OSL:MING (9/29/2025, 4:25:15 PM)
192.42
+0.66 (+0.34%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners38.41%
Inst Owner ChangeN/A
Ins Owners0.31%
Ins Owner ChangeN/A
Market Cap27.75B
Analysts78.18
Price Target202.22 (5.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.63% |
Yearly Dividend6.14
Dividend Growth(5Y)6.94%
DP60.23%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.83%
Min EPS beat(2)-6.65%
Max EPS beat(2)2.99%
EPS beat(4)3
Avg EPS beat(4)8.67%
Min EPS beat(4)-6.65%
Max EPS beat(4)29.78%
EPS beat(8)5
Avg EPS beat(8)3%
EPS beat(12)7
Avg EPS beat(12)1.25%
EPS beat(16)11
Avg EPS beat(16)3.13%
Revenue beat(2)1
Avg Revenue beat(2)-0.23%
Min Revenue beat(2)-2.72%
Max Revenue beat(2)2.26%
Revenue beat(4)3
Avg Revenue beat(4)2.14%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)6.27%
Revenue beat(8)6
Avg Revenue beat(8)2.66%
Revenue beat(12)6
Avg Revenue beat(12)-2.52%
Revenue beat(16)9
Avg Revenue beat(16)2.15%
PT rev (1m)-1.17%
PT rev (3m)6.13%
EPS NQ rev (1m)-1.41%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.11%
EPS NY rev (3m)-0.48%
Revenue NQ rev (1m)2.96%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.15%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.44 | ||
| Fwd PE | 10.48 | ||
| P/S | 2.91 | ||
| P/FCF | 5.16 | ||
| P/OCF | 5.49 | ||
| P/B | 0.96 | ||
| P/tB | 1 | ||
| EV/EBITDA | N/A |
EPS(TTM)20.39
EY10.6%
EPS(NY)18.36
Fwd EY9.54%
FCF(TTM)37.3
FCFY19.38%
OCF(TTM)35.04
OCFY18.21%
SpS66.2
BVpS201.1
TBVpS192.39
PEG (NY)N/A
PEG (5Y)1.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.17% | ||
| ROE | 10.32% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 31.36% | ||
| GM | N/A | ||
| FCFM | 56.34% |
ROA(3y)0.98%
ROA(5y)0.88%
ROE(3y)8.44%
ROE(5y)7.73%
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 3Y8.17%
PM growth 5Y5.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 10.21 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 3.4% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 179.68% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC3.31%
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.21%
EPS 3Y14.86%
EPS 5Y9.16%
EPS Q2Q%12.64%
EPS Next Y-9.56%
EPS Next 2Y-4.65%
EPS Next 3Y-2.18%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.21%
Revenue growth 3Y10.85%
Revenue growth 5Y7.97%
Sales Q2Q%8.93%
Revenue Next Year3.46%
Revenue Next 2Y2.98%
Revenue Next 3Y2.87%
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 1Y142.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y140.69%
OCF growth 3YN/A
OCF growth 5YN/A