SPAREBANK 1 SMN (MING.OL) Stock Fundamental Analysis
Europe - OSL:MING - NO0006390301 - Common Stock
185.26 NOK
-1.72 (-0.92%)
We assign a fundamental rating of 3 out of 10 to MING. MING was compared to 96 industry peers in the Banks industry. MING has a bad profitability rating. Also its financial health evaluation is rather negative. 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
MING had positive earnings in the past year.
In the past year MING had a positive cash flow from operations.
In the past 5 years MING has always been profitable.
In multiple years MING reported negative operating cash flow during the last 5 years.
1.2 Ratios
MING's Return On Assets of 1.11% is fine compared to the rest of the industry. MING outperforms 73.68% of its industry peers.
MING's Return On Equity of 9.32% is in line compared to the rest of the industry. MING outperforms 46.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.11% | ||
| ROE | 9.32% | ||
| 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's Profit Margin of 30.32% is fine compared to the rest of the industry. MING outperforms 78.95% of its industry peers.
MING's Profit Margin has improved in the last couple of years.
MING 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) | 30.32% | ||
| 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.
The number of shares outstanding for MING remains at a similar level compared to 1 year ago.
MING has more shares outstanding than it did 5 years ago.
MING has a worse debt/assets ratio than last year.
2.2 Solvency
MING has a debt to FCF ratio of 10.72. This is a negative value and a sign of low solvency as MING would need 10.72 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 10.72, MING belongs to the best of the industry, outperforming 81.05% of the companies in the same industry.
A Debt/Equity ratio of 1.85 is on the high side and indicates that MING has dependencies on debt financing.
MING has a Debt to Equity ratio of 1.85. This is comparable to the rest of the industry: MING outperforms 56.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 10.72 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC3.23%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MING shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.35%.
MING shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.16% yearly.
The Revenue for MING has decreased by -20.67% 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)-10.35%
EPS 3Y14.86%
EPS 5Y9.16%
EPS Q2Q%-22.27%
Revenue 1Y (TTM)-20.67%
Revenue growth 3Y10.85%
Revenue growth 5Y7.97%
Sales Q2Q%-10.43%
3.2 Future
The Earnings Per Share is expected to decrease by -1.64% on average over the next years.
MING is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.10% yearly.
EPS Next Y-7.85%
EPS Next 2Y-4.07%
EPS Next 3Y-1.64%
EPS Next 5YN/A
Revenue Next Year4%
Revenue Next 2Y3.18%
Revenue Next 3Y3.1%
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
Based on the Price/Earnings ratio of 9.77, the valuation of MING can be described as reasonable.
63.16% of the companies in the same industry are more expensive than MING, based on the Price/Earnings ratio.
MING is valuated cheaply when we compare the Price/Earnings ratio to 26.06, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.97, the valuation of MING can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MING is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of MING to the average of the S&P500 Index (32.73), we can say MING is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.77 | ||
| Fwd PE | 9.97 |
4.2 Price Multiples
81.05% of the companies in the same industry are more expensive than MING, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.13 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.07
EPS Next 2Y-4.07%
EPS Next 3Y-1.64%
5. Dividend
5.1 Amount
MING has a Yearly Dividend Yield of 6.69%, which is a nice return.
MING's Dividend Yield is rather good when compared to the industry average which is at 4.84. MING pays more dividend than 81.05% of the companies in the same industry.
MING's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
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
64.12% of the earnings are spent on dividend by MING. This is not a sustainable payout ratio.
MING's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP64.12%
EPS Next 2Y-4.07%
EPS Next 3Y-1.64%
OSL:MING (11/7/2025, 7:00:00 PM)
185.26
-1.72 (-0.92%)
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 Cap26.72B
Revenue(TTM)9.28B
Net Income(TTM)2.81B
Analysts80
Price Target202.22 (9.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
Yearly Dividend6.14
Dividend Growth(5Y)6.94%
DP64.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.59%
Min EPS beat(2)2.99%
Max EPS beat(2)8.19%
EPS beat(4)3
Avg EPS beat(4)3.27%
Min EPS beat(4)-6.65%
Max EPS beat(4)8.55%
EPS beat(8)6
Avg EPS beat(8)6.53%
EPS beat(12)8
Avg EPS beat(12)2.87%
EPS beat(16)11
Avg EPS beat(16)3.32%
Revenue beat(2)2
Avg Revenue beat(2)1.26%
Min Revenue beat(2)0.26%
Max Revenue beat(2)2.26%
Revenue beat(4)3
Avg Revenue beat(4)0.64%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)2.76%
Revenue beat(8)7
Avg Revenue beat(8)4.18%
Revenue beat(12)7
Avg Revenue beat(12)-2.11%
Revenue beat(16)9
Avg Revenue beat(16)1.95%
PT rev (1m)0%
PT rev (3m)1.77%
EPS NQ rev (1m)1.79%
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.9%
EPS NY rev (3m)1.41%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)3.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.77 | ||
| Fwd PE | 9.97 | ||
| P/S | 2.88 | ||
| P/FCF | 5.13 | ||
| P/OCF | 4.98 | ||
| P/B | 0.89 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)18.96
EY10.23%
EPS(NY)18.59
Fwd EY10.03%
FCF(TTM)36.13
FCFY19.5%
OCF(TTM)37.21
OCFY20.09%
SpS64.31
BVpS209.26
TBVpS200.6
PEG (NY)N/A
PEG (5Y)1.07
Graham Number298.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.11% | ||
| ROE | 9.32% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 30.32% | ||
| GM | N/A | ||
| FCFM | 56.17% |
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
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 3Y8.17%
PM growth 5Y5.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 10.72 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 1.69% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 185.29% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC3.23%
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)-10.35%
EPS 3Y14.86%
EPS 5Y9.16%
EPS Q2Q%-22.27%
EPS Next Y-7.85%
EPS Next 2Y-4.07%
EPS Next 3Y-1.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-20.67%
Revenue growth 3Y10.85%
Revenue growth 5Y7.97%
Sales Q2Q%-10.43%
Revenue Next Year4%
Revenue Next 2Y3.18%
Revenue Next 3Y3.1%
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 1Y64.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y61.27%
OCF growth 3YN/A
OCF growth 5YN/A
SPAREBANK 1 SMN / MING.OL FAQ
What is the ChartMill fundamental rating of SPAREBANK 1 SMN (MING.OL) stock?
ChartMill assigns a fundamental rating of 3 / 10 to MING.OL.
What is the valuation status for MING stock?
ChartMill assigns a valuation rating of 5 / 10 to SPAREBANK 1 SMN (MING.OL). This can be considered as Fairly Valued.
How profitable is SPAREBANK 1 SMN (MING.OL) stock?
SPAREBANK 1 SMN (MING.OL) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for MING stock?
The Earnings per Share (EPS) of SPAREBANK 1 SMN (MING.OL) is expected to decline by -7.85% in the next year.
Can you provide the dividend sustainability for MING stock?
The dividend rating of SPAREBANK 1 SMN (MING.OL) is 7 / 10 and the dividend payout ratio is 64.12%.