MORROW BANK ASA (MOBA.OL) Fundamental Analysis & Valuation

OSL:MOBA • NO0010694029

16.05 NOK
+0.85 (+5.59%)
Last: Dec 30, 2025, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MOBA. MOBA was compared to 116 industry peers in the Banks industry. MOBA may be in some trouble as it scores bad on both profitability and health. MOBA is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. MOBA.OL Profitability Analysis

1.1 Basic Checks

  • MOBA had positive earnings in the past year.
  • MOBA had a negative operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: MOBA reported negative net income in multiple years.
  • MOBA had a positive operating cash flow in 4 of the past 5 years.
MOBA.OL Yearly Net Income VS EBIT VS OCF VS FCFMOBA.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 0 500M -500M

1.2 Ratios

  • MOBA has a better Return On Assets (1.24%) than 85.09% of its industry peers.
  • MOBA's Return On Equity of 8.84% is on the low side compared to the rest of the industry. MOBA is outperformed by 62.28% of its industry peers.
Industry RankSector Rank
ROA 1.24%
ROE 8.84%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MOBA.OL Yearly ROA, ROE, ROICMOBA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • MOBA's Profit Margin of 16.76% is on the low side compared to the rest of the industry. MOBA is outperformed by 77.19% of its industry peers.
  • In the last couple of years the Profit Margin of MOBA has remained more or less at the same level.
  • The Operating Margin and Gross Margin are not available for MOBA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 16.76%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-1.25%
GM growth 3YN/A
GM growth 5YN/A
MOBA.OL Yearly Profit, Operating, Gross MarginsMOBA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 30

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1

2. MOBA.OL Health Analysis

2.1 Basic Checks

  • MOBA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 5 years ago, MOBA has more shares outstanding
MOBA.OL Yearly Shares OutstandingMOBA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2024 50M 100M 150M 200M
MOBA.OL Yearly Total Debt VS Total AssetsMOBA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2024 5B 10B 15B

2.2 Solvency

  • A Debt/Equity ratio of 0.10 indicates that MOBA is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.10, MOBA belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.4%
MOBA.OL Yearly LT Debt VS Equity VS FCFMOBA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MOBA.OL Yearly Current Assets VS Current LiabilitesMOBA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2024 20M 40M 60M 80M 100M

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

6

3. MOBA.OL Growth Analysis

3.1 Past

  • MOBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.30%, which is quite impressive.
  • The Earnings Per Share has been decreasing by -4.96% on average over the past years.
  • Looking at the last year, MOBA shows a quite strong growth in Revenue. The Revenue has grown by 18.14% in the last year.
  • Measured over the past years, MOBA shows a decrease in Revenue. The Revenue has been decreasing by -0.13% on average per year.
EPS 1Y (TTM)49.3%
EPS 3YN/A
EPS 5Y-4.96%
EPS Q2Q%38.1%
Revenue 1Y (TTM)18.14%
Revenue growth 3Y11%
Revenue growth 5Y-0.13%
Sales Q2Q%10.24%

3.2 Future

  • MOBA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.70% yearly.
  • MOBA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.96% yearly.
EPS Next Y39.32%
EPS Next 2Y29.59%
EPS Next 3Y26.7%
EPS Next 5YN/A
Revenue Next Year10.64%
Revenue Next 2Y11.58%
Revenue Next 3Y11.96%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MOBA.OL Yearly Revenue VS EstimatesMOBA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
MOBA.OL Yearly EPS VS EstimatesMOBA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2

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4

4. MOBA.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.14, the valuation of MOBA can be described as correct.
  • 81.58% of the companies in the same industry are cheaper than MOBA, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, MOBA is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 11.66 indicates a reasonable valuation of MOBA.
  • MOBA's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 24.39. MOBA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.14
Fwd PE 11.66
MOBA.OL Price Earnings VS Forward Price EarningsMOBA.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MOBA.OL Per share dataMOBA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MOBA's earnings are expected to grow with 26.70% in the coming years.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y29.59%
EPS Next 3Y26.7%

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

3

5. MOBA.OL Dividend Analysis

5.1 Amount

  • MOBA has a Yearly Dividend Yield of 2.49%.
  • Compared to an average industry Dividend Yield of 4.56, MOBA is paying slightly less dividend.
  • MOBA's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 40.52% of the earnings are spent on dividend by MOBA. This is a bit on the high side, but may be sustainable.
DP40.52%
EPS Next 2Y29.59%
EPS Next 3Y26.7%
MOBA.OL Yearly Income VS Free CF VS DividendMOBA.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M
MOBA.OL Dividend Payout.MOBA.OL Dividend Payout, showing the Payout Ratio.MOBA.OL Dividend Payout.PayoutRetained Earnings

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MOBA.OL Fundamentals: All Metrics, Ratios and Statistics

MORROW BANK ASA

OSL:MOBA (12/30/2025, 7:00:00 PM)

16.05

+0.85 (+5.59%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)11-06
Earnings (Next)02-12
Inst Owners11.99%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap3.71B
Revenue(TTM)1.28B
Net Income(TTM)227.80M
Analysts82.5
Price Target18.36 (14.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP40.52%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.84%
Min EPS beat(2)-15.48%
Max EPS beat(2)9.8%
EPS beat(4)2
Avg EPS beat(4)6.74%
Min EPS beat(4)-15.48%
Max EPS beat(4)47.06%
EPS beat(8)6
Avg EPS beat(8)12.8%
EPS beat(12)8
Avg EPS beat(12)-9.74%
EPS beat(16)8
Avg EPS beat(16)-34.93%
Revenue beat(2)0
Avg Revenue beat(2)-0.78%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)-0.45%
Revenue beat(4)1
Avg Revenue beat(4)0.93%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)8.21%
Revenue beat(8)4
Avg Revenue beat(8)1.87%
Revenue beat(12)8
Avg Revenue beat(12)3.4%
Revenue beat(16)9
Avg Revenue beat(16)2.83%
PT rev (1m)0%
PT rev (3m)4.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.92%
EPS NY rev (1m)0%
EPS NY rev (3m)4.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE 15.14
Fwd PE 11.66
P/S 2.73
P/FCF N/A
P/OCF N/A
P/B 1.44
P/tB 1.48
EV/EBITDA N/A
EPS(TTM)1.06
EY6.6%
EPS(NY)1.38
Fwd EY8.58%
FCF(TTM)-4.22
FCFYN/A
OCF(TTM)-4.03
OCFYN/A
SpS5.88
BVpS11.14
TBVpS10.83
PEG (NY)0.39
PEG (5Y)N/A
Graham Number16.3
Profitability
Industry RankSector Rank
ROA 1.24%
ROE 8.84%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 16.76%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3YN/A
PM growth 5Y-1.25%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 96.19%
Cap/Sales 3.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC8.4%
ROIC/WACCN/A
Cap/Depr(3y)94.9%
Cap/Depr(5y)97.75%
Cap/Sales(3y)5.08%
Cap/Sales(5y)6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.3%
EPS 3YN/A
EPS 5Y-4.96%
EPS Q2Q%38.1%
EPS Next Y39.32%
EPS Next 2Y29.59%
EPS Next 3Y26.7%
EPS Next 5YN/A
Revenue 1Y (TTM)18.14%
Revenue growth 3Y11%
Revenue growth 5Y-0.13%
Sales Q2Q%10.24%
Revenue Next Year10.64%
Revenue Next 2Y11.58%
Revenue Next 3Y11.96%
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 1Y-92.63%
FCF growth 3Y16.62%
FCF growth 5YN/A
OCF growth 1Y-99.34%
OCF growth 3Y11.16%
OCF growth 5YN/A

MORROW BANK ASA / MOBA.OL FAQ

What is the fundamental rating for MOBA stock?

ChartMill assigns a fundamental rating of 3 / 10 to MOBA.OL.


What is the valuation status for MOBA stock?

ChartMill assigns a valuation rating of 4 / 10 to MORROW BANK ASA (MOBA.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for MORROW BANK ASA?

MORROW BANK ASA (MOBA.OL) has a profitability rating of 2 / 10.


Can you provide the PE and PB ratios for MOBA stock?

The Price/Earnings (PE) ratio for MORROW BANK ASA (MOBA.OL) is 15.14 and the Price/Book (PB) ratio is 1.44.


Is the dividend of MORROW BANK ASA sustainable?

The dividend rating of MORROW BANK ASA (MOBA.OL) is 3 / 10 and the dividend payout ratio is 40.52%.