SPAREBANKEN MORE-CAP CERT (MORG.OL) Stock Fundamental Analysis
Europe - OSL:MORG - NO0012483207 - Common Stock
100 NOK
-2.5 (-2.44%)
We assign a fundamental rating of 2 out of 10 to MORG. MORG was compared to 97 industry peers in the Banks industry. MORG may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, MORG is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year MORG was profitable.
In the past year MORG has reported a negative cash flow from operations.
Each year in the past 5 years MORG has been profitable.
In multiple years MORG reported negative operating cash flow during the last 5 years.
1.2 Ratios
MORG has a Return On Assets of 0.44%. This is in the lower half of the industry: MORG underperforms 70.10% of its industry peers.
MORG has a Return On Equity of 5.54%. This is in the lower half of the industry: MORG underperforms 68.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.44% | ||
| ROE | 5.54% | ||
| ROIC | N/A |
ROA(3y)0.5%
ROA(5y)0.45%
ROE(3y)5.57%
ROE(5y)4.97%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of MORG (10.60%) is worse than 83.51% of its industry peers.
MORG's Profit Margin has been stable in the last couple of years.
MORG 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) | 10.6% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y14.93%
PM growth 5Y-1.11%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MORG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MORG has more shares outstanding
Compared to 5 years ago, MORG has more shares outstanding
Compared to 1 year ago, MORG has a worse debt to assets ratio.
2.2 Solvency
MORG has a Debt/Equity ratio of 5.15. This is a high value indicating a heavy dependency on external financing.
MORG's Debt to Equity ratio of 5.15 is on the low side compared to the rest of the industry. MORG is outperformed by 88.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.15 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.16%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for MORG have decreased strongly by -17.15% in the last year.
The Earnings Per Share has been growing slightly by 7.75% on average over the past years.
The Revenue has grown by 61.83% in the past year. This is a very strong growth!
Measured over the past years, MORG shows a quite strong growth in Revenue. The Revenue has been growing by 9.84% on average per year.
EPS 1Y (TTM)-17.15%
EPS 3Y17.45%
EPS 5Y7.75%
EPS Q2Q%-20.7%
Revenue 1Y (TTM)61.83%
Revenue growth 3Y3.25%
Revenue growth 5Y9.84%
Sales Q2Q%1.86%
3.2 Future
Based on estimates for the next years, MORG will show a decrease in Earnings Per Share. The EPS will decrease by -0.93% on average per year.
MORG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.16% yearly.
EPS Next Y-7.87%
EPS Next 2Y-4.09%
EPS Next 3Y-0.93%
EPS Next 5YN/A
Revenue Next Year-2.27%
Revenue Next 2Y-0.04%
Revenue Next 3Y1.16%
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
With a Price/Earnings ratio of 11.01, the valuation of MORG can be described as very reasonable.
Based on the Price/Earnings ratio, MORG is valued a bit more expensive than 63.92% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.10. MORG is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.93 indicates a reasonable valuation of MORG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MORG is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, MORG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.42
EPS Next 2Y-4.09%
EPS Next 3Y-0.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.10%, MORG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.83, MORG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, MORG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.1% |
5.2 History
The dividend of MORG is nicely growing with an annual growth rate of 19.19%!
Dividend Growth(5Y)19.19%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
63.39% of the earnings are spent on dividend by MORG. This is not a sustainable payout ratio.
MORG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP63.39%
EPS Next 2Y-4.09%
EPS Next 3Y-0.93%
OSL:MORG (10/31/2025, 7:00:00 PM)
100
-2.5 (-2.44%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners26.21%
Inst Owner ChangeN/A
Ins Owners0.72%
Ins Owner ChangeN/A
Market Cap4.98B
Revenue(TTM)4.63B
Net Income(TTM)490.61M
Analysts76
Price Target111.18 (11.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.1% |
Yearly Dividend7.51
Dividend Growth(5Y)19.19%
DP63.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.41%
Min EPS beat(2)-13.89%
Max EPS beat(2)-0.94%
EPS beat(4)1
Avg EPS beat(4)-6.18%
Min EPS beat(4)-14.22%
Max EPS beat(4)4.31%
EPS beat(8)3
Avg EPS beat(8)-2.57%
EPS beat(12)5
Avg EPS beat(12)-2.85%
EPS beat(16)7
Avg EPS beat(16)17.06%
Revenue beat(2)0
Avg Revenue beat(2)-2.92%
Min Revenue beat(2)-5.61%
Max Revenue beat(2)-0.23%
Revenue beat(4)1
Avg Revenue beat(4)-2.44%
Min Revenue beat(4)-6.28%
Max Revenue beat(4)2.34%
Revenue beat(8)2
Avg Revenue beat(8)-2.22%
Revenue beat(12)4
Avg Revenue beat(12)-0.85%
Revenue beat(16)5
Avg Revenue beat(16)-0.79%
PT rev (1m)0%
PT rev (3m)1.27%
EPS NQ rev (1m)-1%
EPS NQ rev (3m)-1.98%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 10.93 | ||
| P/S | 1.08 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.56 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | N/A |
EPS(TTM)9.08
EY9.08%
EPS(NY)9.15
Fwd EY9.15%
FCF(TTM)-136.51
FCFYN/A
OCF(TTM)-134.26
OCFYN/A
SpS92.97
BVpS177.69
TBVpS176.43
PEG (NY)N/A
PEG (5Y)1.42
Graham Number190.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.44% | ||
| ROE | 5.54% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 10.6% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)0.5%
ROA(5y)0.45%
ROE(3y)5.57%
ROE(5y)4.97%
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 3Y14.93%
PM growth 5Y-1.11%
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.15 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 2.42% | ||
| 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-Score2
WACC5.16%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.92%
Cap/Sales(5y)1.62%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-17.15%
EPS 3Y17.45%
EPS 5Y7.75%
EPS Q2Q%-20.7%
EPS Next Y-7.87%
EPS Next 2Y-4.09%
EPS Next 3Y-0.93%
EPS Next 5YN/A
Revenue 1Y (TTM)61.83%
Revenue growth 3Y3.25%
Revenue growth 5Y9.84%
Sales Q2Q%1.86%
Revenue Next Year-2.27%
Revenue Next 2Y-0.04%
Revenue Next 3Y1.16%
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-1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.13%
OCF growth 3YN/A
OCF growth 5YN/A
SPAREBANKEN MORE-CAP CERT / MORG.OL FAQ
What is the fundamental rating for MORG stock?
ChartMill assigns a fundamental rating of 2 / 10 to MORG.OL.
What is the valuation status of SPAREBANKEN MORE-CAP CERT (MORG.OL) stock?
ChartMill assigns a valuation rating of 3 / 10 to SPAREBANKEN MORE-CAP CERT (MORG.OL). This can be considered as Overvalued.
Can you provide the profitability details for SPAREBANKEN MORE-CAP CERT?
SPAREBANKEN MORE-CAP CERT (MORG.OL) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for MORG stock?
The Price/Earnings (PE) ratio for SPAREBANKEN MORE-CAP CERT (MORG.OL) is 11.01 and the Price/Book (PB) ratio is 0.56.
What is the expected EPS growth for SPAREBANKEN MORE-CAP CERT (MORG.OL) stock?
The Earnings per Share (EPS) of SPAREBANKEN MORE-CAP CERT (MORG.OL) is expected to decline by -7.87% in the next year.