SPAREBANK 1 SMN (MING.OL) Stock Fundamental Analysis
OSL:MING - Euronext Oslo - NO0006390301 - Common Stock - Currency: NOK
Taking everything into account, MING scores 3 out of 10 in our fundamental rating. MING was compared to 92 industry peers in the Banks industry. While MING is still in line with the averages on profitability rating, there are concerns on its financial health. MING is not valued too expensively and it also shows a decent growth rate.
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
The Return On Assets of MING (1.41%) is better than 89.13% of its industry peers.
MING's Return On Equity of 12.69% is fine compared to the rest of the industry. MING outperforms 61.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 12.69% | ||
| ROIC | N/A |
ROA(3y)0.97%
ROA(5y)0.88%
ROE(3y)8.36%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MING has a Profit Margin of 30.58%. This is in the better half of the industry: MING outperforms 79.35% 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) | 30.58% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.29%
PM growth 5Y4.66%
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.
Compared to 5 years ago, MING has more shares outstanding
The debt/assets ratio for MING is higher compared to a year ago.
2.2 Solvency
MING has a debt to FCF ratio of 26.15. This is a negative value and a sign of low solvency as MING would need 26.15 years to pay back of all of its debts.
MING's Debt to FCF ratio of 26.15 is fine compared to the rest of the industry. MING outperforms 78.26% of its industry peers.
MING has a Debt/Equity ratio of 1.95. This is a high value indicating a heavy dependency on external financing.
MING's Debt to Equity ratio of 1.95 is in line compared to the rest of the industry. MING outperforms 55.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.95 | ||
| Debt/FCF | 26.15 | ||
| 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
MING shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.47%, which is quite good.
MING shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.16% yearly.
Looking at the last year, MING shows a quite strong growth in Revenue. The Revenue has grown by 16.29% in the last year.
The Revenue has been growing slightly by 7.97% on average over the past years.
EPS 1Y (TTM)11.47%
EPS 3Y14.86%
EPS 5Y9.16%
EPS Q2Q%-7.91%
Revenue 1Y (TTM)16.29%
Revenue growth 3Y10.85%
Revenue growth 5Y7.97%
Sales Q2Q%-0.51%
3.2 Future
MING is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.09% yearly.
The Revenue is expected to grow by 1.63% on average over the next years.
EPS Next Y-9.12%
EPS Next 2Y-5.2%
EPS Next 3Y-2.09%
EPS Next 5YN/A
Revenue Next Year2.04%
Revenue Next 2Y1.77%
Revenue Next 3Y1.63%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.54, the valuation of MING can be described as very reasonable.
The rest of the industry has a similar Price/Earnings ratio as MING.
MING is valuated cheaply when we compare the Price/Earnings ratio to 26.20, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 10.42, the valuation of MING can be described as very reasonable.
MING's Price/Forward Earnings ratio is in line with the industry average.
MING's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 10.42 |
4.2 Price Multiples
MING's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MING is cheaper than 76.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.15 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MING's earnings are expected to decrease with -2.09% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.04
EPS Next 2Y-5.2%
EPS Next 3Y-2.09%
5. Dividend
5.1 Amount
MING has a Yearly Dividend Yield of 6.35%, which is a nice return.
Compared to an average industry Dividend Yield of 5.03, MING pays a better dividend. On top of this MING pays more dividend than 80.43% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, MING pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.35% |
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
MING pays out 100.10% of its income as dividend. 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.
DP100.1%
EPS Next 2Y-5.2%
EPS Next 3Y-2.09%
OSL:MING (5/28/2025, 7:00:00 PM)
189.18
-3.72 (-1.93%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners34.78%
Inst Owner ChangeN/A
Ins Owners0.3%
Ins Owner ChangeN/A
Market Cap27.28B
Analysts76.92
Price Target184.45 (-2.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.35% |
Yearly Dividend6.14
Dividend Growth(5Y)6.94%
DP100.1%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.95%
Min EPS beat(2)-6.65%
Max EPS beat(2)8.55%
EPS beat(4)2
Avg EPS beat(4)6.6%
Min EPS beat(4)-6.65%
Max EPS beat(4)29.78%
EPS beat(8)5
Avg EPS beat(8)3.01%
EPS beat(12)7
Avg EPS beat(12)1.56%
EPS beat(16)11
Avg EPS beat(16)4.13%
Revenue beat(2)1
Avg Revenue beat(2)0.02%
Min Revenue beat(2)-2.72%
Max Revenue beat(2)2.76%
Revenue beat(4)3
Avg Revenue beat(4)2.01%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)6.27%
Revenue beat(8)5
Avg Revenue beat(8)1.71%
Revenue beat(12)6
Avg Revenue beat(12)6.22%
Revenue beat(16)9
Avg Revenue beat(16)9.46%
PT rev (1m)0%
PT rev (3m)1.97%
EPS NQ rev (1m)0.49%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.01%
Revenue NQ rev (1m)0.99%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.47%
Revenue NY rev (3m)1.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 10.42 | ||
| P/S | 2.36 | ||
| P/FCF | 13.15 | ||
| P/OCF | 12.23 | ||
| P/B | 0.98 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | N/A |
EPS(TTM)19.83
EY10.48%
EPS(NY)18.15
Fwd EY9.6%
FCF(TTM)14.39
FCFY7.61%
OCF(TTM)15.47
OCFY8.18%
SpS80.03
BVpS192.84
TBVpS184.37
PEG (NY)N/A
PEG (5Y)1.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 12.69% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 30.58% | ||
| GM | N/A | ||
| FCFM | 17.98% |
ROA(3y)0.97%
ROA(5y)0.88%
ROE(3y)8.36%
ROE(5y)7.68%
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 3Y7.29%
PM growth 5Y4.66%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.95 | ||
| Debt/FCF | 26.15 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 1.35% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 58.79% | ||
| 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)11.47%
EPS 3Y14.86%
EPS 5Y9.16%
EPS Q2Q%-7.91%
EPS Next Y-9.12%
EPS Next 2Y-5.2%
EPS Next 3Y-2.09%
EPS Next 5YN/A
Revenue 1Y (TTM)16.29%
Revenue growth 3Y10.85%
Revenue growth 5Y7.97%
Sales Q2Q%-0.51%
Revenue Next Year2.04%
Revenue Next 2Y1.77%
Revenue Next 3Y1.63%
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 1Y120.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y122.15%
OCF growth 3YN/A
OCF growth 5YN/A