SPAREBANKEN MORE-CAP CERT (MORG.OL) Fundamental Analysis & Valuation

OSL:MORG • NO0012483207

Current stock price

116.79 NOK
-1.13 (-0.96%)
Last:

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

1

1. MORG.OL Profitability Analysis

1.1 Basic Checks

  • MORG had positive earnings in the past year.
  • MORG had a positive operating cash flow in the past year.
  • MORG had positive earnings in 4 of the past 5 years.
  • MORG had negative operating cash flow in 4 of the past 5 years.
MORG.OL Yearly Net Income VS EBIT VS OCF VS FCFMORG.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 2B -2B

1.2 Ratios

  • MORG's Return On Assets of 0.44% is on the low side compared to the rest of the industry. MORG is outperformed by 78.18% of its industry peers.
  • MORG's Return On Equity of 5.26% is on the low side compared to the rest of the industry. MORG is outperformed by 74.55% of its industry peers.
Industry RankSector Rank
ROA 0.44%
ROE 5.26%
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
MORG.OL Yearly ROA, ROE, ROICMORG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

1.3 Margins

  • With a Profit Margin value of 11.62%, MORG is not doing good in the industry: 88.18% of the companies in the same industry are doing better.
  • MORG's Profit Margin has been stable in the last couple of years.
  • The Operating Margin and Gross Margin are not available for MORG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 11.62%
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
MORG.OL Yearly Profit, Operating, Gross MarginsMORG.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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1

2. MORG.OL Health Analysis

2.1 Basic Checks

  • MORG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for MORG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MORG.OL Yearly Shares OutstandingMORG.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
MORG.OL Yearly Total Debt VS Total AssetsMORG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

  • The Debt to FCF ratio of MORG is 15.79, which is on the high side as it means it would take MORG, 15.79 years of fcf income to pay off all of its debts.
  • MORG has a Debt to FCF ratio of 15.79. This is in the better half of the industry: MORG outperforms 67.27% of its industry peers.
  • A Debt/Equity ratio of 4.65 is on the high side and indicates that MORG has dependencies on debt financing.
  • MORG has a Debt to Equity ratio of 4.65. This is amonst the worse of the industry: MORG underperforms 92.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.65
Debt/FCF 15.79
Altman-Z N/A
ROIC/WACCN/A
WACC5.36%
MORG.OL Yearly LT Debt VS Equity VS FCFMORG.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MORG.OL Yearly Current Assets VS Current LiabilitesMORG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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

2

3. MORG.OL Growth Analysis

3.1 Past

  • The earnings per share for MORG have decreased by -3.82% in the last year.
  • MORG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.04% yearly.
EPS 1Y (TTM)-3.82%
EPS 3Y-11.44%
EPS 5Y12.04%
EPS Q2Q%36.95%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.07%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.84% on average over the next years.
  • MORG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.70% yearly.
EPS Next Y-1.2%
EPS Next 2Y1.23%
EPS Next 3Y0.84%
EPS Next 5YN/A
Revenue Next Year2.22%
Revenue Next 2Y2.78%
Revenue Next 3Y2.7%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
MORG.OL Yearly Revenue VS EstimatesMORG.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
MORG.OL Yearly EPS VS EstimatesMORG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

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4

4. MORG.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • MORG is valuated correctly with a Price/Earnings ratio of 12.20.
  • Compared to the rest of the industry, the Price/Earnings ratio of MORG indicates a slightly more expensive valuation: MORG is more expensive than 66.36% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.38, MORG is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 12.35, the valuation of MORG can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MORG indicates a slightly more expensive valuation: MORG is more expensive than 66.36% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.20, MORG is valued rather cheaply.
Industry RankSector Rank
PE 12.2
Fwd PE 12.35
MORG.OL Price Earnings VS Forward Price EarningsMORG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MORG is valued cheaply inside the industry as 92.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.17
EV/EBITDA N/A
MORG.OL Per share dataMORG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y1.23%
EPS Next 3Y0.84%

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

6

5. MORG.OL Dividend Analysis

5.1 Amount

  • MORG has a Yearly Dividend Yield of 6.14%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.56, MORG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MORG pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.14%

5.2 History

  • On average, the dividend of MORG grows each year by 19.19%, which is quite nice.
Dividend Growth(5Y)19.19%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 65.05% of the earnings are spent on dividend by MORG. This is not a sustainable payout ratio.
  • The dividend of MORG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP65.05%
EPS Next 2Y1.23%
EPS Next 3Y0.84%
MORG.OL Yearly Income VS Free CF VS DividendMORG.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B
MORG.OL Dividend Payout.MORG.OL Dividend Payout, showing the Payout Ratio.MORG.OL Dividend Payout.PayoutRetained Earnings

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MORG.OL Fundamentals: All Metrics, Ratios and Statistics

SPAREBANKEN MORE-CAP CERT

OSL:MORG (4/16/2026, 3:39:08 PM)

116.79

-1.13 (-0.96%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)03-12
Earnings (Next)04-30
Inst Owners26.3%
Inst Owner ChangeN/A
Ins Owners0.72%
Ins Owner ChangeN/A
Market Cap5.82B
Revenue(TTM)N/A
Net Income(TTM)478.13M
Analysts76
Price Target118.32 (1.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.14%
Yearly Dividend7.51
Dividend Growth(5Y)19.19%
DP65.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.84%
Min EPS beat(2)-4.74%
Max EPS beat(2)-0.94%
EPS beat(4)0
Avg EPS beat(4)-8.45%
Min EPS beat(4)-14.22%
Max EPS beat(4)-0.94%
EPS beat(8)3
Avg EPS beat(8)-2.26%
EPS beat(12)5
Avg EPS beat(12)-2.93%
EPS beat(16)6
Avg EPS beat(16)16.05%
Revenue beat(2)0
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.42%
Max Revenue beat(2)-0.23%
Revenue beat(4)0
Avg Revenue beat(4)-3.13%
Min Revenue beat(4)-6.28%
Max Revenue beat(4)-0.23%
Revenue beat(8)1
Avg Revenue beat(8)-2.28%
Revenue beat(12)3
Avg Revenue beat(12)-1.44%
Revenue beat(16)4
Avg Revenue beat(16)-0.91%
PT rev (1m)2.05%
PT rev (3m)5.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.94%
EPS NY rev (1m)1.76%
EPS NY rev (3m)2.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.08%
Valuation
Industry RankSector Rank
PE 12.2
Fwd PE 12.35
P/S 1.41
P/FCF 2.17
P/OCF 2.05
P/B 0.64
P/tB 0.64
EV/EBITDA N/A
EPS(TTM)9.57
EY8.19%
EPS(NY)9.46
Fwd EY8.1%
FCF(TTM)53.73
FCFY46.01%
OCF(TTM)57.05
OCFY48.85%
SpS82.65
BVpS182.65
TBVpS181.45
PEG (NY)N/A
PEG (5Y)1.01
Graham Number198.316 (69.81%)
Profitability
Industry RankSector Rank
ROA 0.44%
ROE 5.26%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 11.62%
GM N/A
FCFM 65.01%
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-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 4.65
Debt/FCF 15.79
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 4.01%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 559.68%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC5.36%
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)-3.82%
EPS 3Y-11.44%
EPS 5Y12.04%
EPS Q2Q%36.95%
EPS Next Y-1.2%
EPS Next 2Y1.23%
EPS Next 3Y0.84%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.07%
Revenue Next Year2.22%
Revenue Next 2Y2.78%
Revenue Next 3Y2.7%
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 1Y179.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y185.68%
OCF growth 3YN/A
OCF growth 5YN/A

SPAREBANKEN MORE-CAP CERT / MORG.OL Fundamental Analysis FAQ

What is the fundamental rating for MORG stock?

ChartMill assigns a fundamental rating of 2 / 10 to MORG.OL.


Can you provide the valuation status for SPAREBANKEN MORE-CAP CERT?

ChartMill assigns a valuation rating of 4 / 10 to SPAREBANKEN MORE-CAP CERT (MORG.OL). This can be considered as Fairly Valued.


What is the profitability of MORG stock?

SPAREBANKEN MORE-CAP CERT (MORG.OL) has a profitability rating of 1 / 10.


What are the PE and PB ratios of SPAREBANKEN MORE-CAP CERT (MORG.OL) stock?

The Price/Earnings (PE) ratio for SPAREBANKEN MORE-CAP CERT (MORG.OL) is 12.2 and the Price/Book (PB) ratio is 0.64.


Can you provide the dividend sustainability for MORG stock?

The dividend rating of SPAREBANKEN MORE-CAP CERT (MORG.OL) is 6 / 10 and the dividend payout ratio is 65.05%.