SPAREBANKEN MORE-CAP CERT (MORG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:MORG - NO0012483207 - Common Stock
117 NOK
+2.32 (+2.02%)
MORG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 102 industry peers in the Banks industry. MORG has a bad profitability rating. Also its financial health evaluation is rather negative. MORG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MORG was profitable.
In the past year MORG had a positive cash flow from operations.
In the past 5 years MORG has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: MORG reported negative operating cash flow in multiple years.
1.2 Ratios
MORG has a worse Return On Assets (0.44%) than 75.49% 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 71.57% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
The Profit Margin of MORG (11.62%) is worse than 83.33% of its industry peers.
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 Rank | Sector 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
2. Health
2.1 Basic Checks
MORG does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MORG has been increased compared to 1 year ago.
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 to FCF ratio of 15.79. This is a negative value and a sign of low solvency as MORG would need 15.79 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 15.79, MORG is doing good in the industry, outperforming 71.57% of the companies in the same industry.
A Debt/Equity ratio of 4.65 is on the high side and indicates that MORG has dependencies on debt financing.
The Debt to Equity ratio of MORG (4.65) is worse than 87.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.65 | ||
| Debt/FCF | 15.79 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.35%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MORG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.25%.
The Earnings Per Share has been growing slightly by 7.75% on average over the past years.
MORG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.17%.
MORG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.84% yearly.
EPS 1Y (TTM)-21.25%
EPS 3Y17.45%
EPS 5Y7.75%
EPS Q2Q%-9.77%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y3.25%
Revenue growth 5Y9.84%
Sales Q2Q%-2.08%
3.2 Future
MORG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.03% yearly.
The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y-5.07%
EPS Next 2Y-1.82%
EPS Next 3Y-0.03%
EPS Next 5YN/A
Revenue Next Year-1.26%
Revenue Next 2Y0.69%
Revenue Next 3Y1.51%
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.
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
MORG is valuated correctly with a Price/Earnings ratio of 13.27.
74.51% of the companies in the same industry are cheaper than MORG, based on the Price/Earnings ratio.
MORG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.77.
A Price/Forward Earnings ratio of 12.20 indicates a correct valuation of MORG.
MORG's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MORG is more expensive than 64.71% of the companies in the same industry.
MORG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.27 | ||
| Fwd PE | 12.2 |
4.2 Price Multiples
MORG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MORG is cheaper than 94.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.18 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.71
EPS Next 2Y-1.82%
EPS Next 3Y-0.03%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.58%, MORG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.31, MORG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, MORG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
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
MORG pays out 65.05% of its income as dividend. 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.
DP65.05%
EPS Next 2Y-1.82%
EPS Next 3Y-0.03%
OSL:MORG (12/30/2025, 7:00:00 PM)
117
+2.32 (+2.02%)
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 Cap5.83B
Revenue(TTM)4.12B
Net Income(TTM)478.13M
Analysts76
Price Target112.54 (-3.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
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)1.22%
PT rev (3m)3.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.57%
EPS NY rev (1m)2.43%
EPS NY rev (3m)3.03%
Revenue NQ rev (1m)1.23%
Revenue NQ rev (3m)1.84%
Revenue NY rev (1m)1.25%
Revenue NY rev (3m)1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.27 | ||
| Fwd PE | 12.2 | ||
| P/S | 1.42 | ||
| P/FCF | 2.18 | ||
| P/OCF | 2.05 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.82
EY7.54%
EPS(NY)9.59
Fwd EY8.2%
FCF(TTM)53.73
FCFY45.93%
OCF(TTM)57.05
OCFY48.76%
SpS82.65
BVpS182.65
TBVpS181.45
PEG (NY)N/A
PEG (5Y)1.71
Graham Number190.39
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC5.35%
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)-21.25%
EPS 3Y17.45%
EPS 5Y7.75%
EPS Q2Q%-9.77%
EPS Next Y-5.07%
EPS Next 2Y-1.82%
EPS Next 3Y-0.03%
EPS Next 5YN/A
Revenue 1Y (TTM)14.17%
Revenue growth 3Y3.25%
Revenue growth 5Y9.84%
Sales Q2Q%-2.08%
Revenue Next Year-1.26%
Revenue Next 2Y0.69%
Revenue Next 3Y1.51%
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 FAQ
What is the fundamental rating for MORG stock?
ChartMill assigns a fundamental rating of 3 / 10 to MORG.OL.
What is the valuation status of SPAREBANKEN MORE-CAP CERT (MORG.OL) stock?
ChartMill assigns a valuation rating of 4 / 10 to SPAREBANKEN MORE-CAP CERT (MORG.OL). This can be considered as Fairly Valued.
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 13.27 and the Price/Book (PB) ratio is 0.64.
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 -5.07% in the next year.