SPAREBANK 1 NORD-NORGE (NONG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:NONG - NO0006000801 - Common Stock
147.88 NOK
-1.74 (-1.16%)
Overall NONG gets a fundamental rating of 4 out of 10. We evaluated NONG against 114 industry peers in the Banks industry. NONG has a bad profitability rating. Also its financial health evaluation is rather negative. NONG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- NONG had positive earnings in the past year.
- NONG had a positive operating cash flow in the past year.
- In the past 5 years NONG has always been profitable.
- NONG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- NONG's Return On Assets of 1.12% is fine compared to the rest of the industry. NONG outperforms 73.68% of its industry peers.
- NONG has a worse Return On Equity (8.16%) than 64.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.12% | ||
| ROE | 8.16% | ||
| ROIC | N/A |
ROA(3y)0.95%
ROA(5y)0.88%
ROE(3y)7.04%
ROE(5y)6.58%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of NONG (24.32%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of NONG has grown nicely.
- NONG 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) | 24.32% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.44%
PM growth 5Y2.12%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- NONG does not have a ROIC to compare to the WACC, probably because it is not profitable.
- Compared to 1 year ago, NONG has about the same amount of shares outstanding.
- Compared to 5 years ago, NONG has more shares outstanding
- Compared to 1 year ago, NONG has an improved debt to assets ratio.
2.2 Solvency
- NONG has a debt to FCF ratio of 9.49. This is a negative value and a sign of low solvency as NONG would need 9.49 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 9.49, NONG belongs to the top of the industry, outperforming 80.70% of the companies in the same industry.
- NONG has a Debt/Equity ratio of 1.30. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of NONG (1.30) is better than 64.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 9.49 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC3.97%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- NONG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.08%.
- Measured over the past years, NONG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.67% on average per year.
- Looking at the last year, NONG shows a decrease in Revenue. The Revenue has decreased by -1.04% in the last year.
- NONG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.65% yearly.
EPS 1Y (TTM)-2.08%
EPS 3Y16.06%
EPS 5Y11.67%
EPS Q2Q%-33.94%
Revenue 1Y (TTM)-1.04%
Revenue growth 3Y15.05%
Revenue growth 5Y9.65%
Sales Q2Q%-21.54%
3.2 Future
- Based on estimates for the next years, NONG will show a decrease in Earnings Per Share. The EPS will decrease by -3.37% on average per year.
- Based on estimates for the next years, NONG will show a small growth in Revenue. The Revenue will grow by 0.03% on average per year.
EPS Next Y-6.62%
EPS Next 2Y-3.14%
EPS Next 3Y-3.37%
EPS Next 5YN/A
Revenue Next Year-0.94%
Revenue Next 2Y-1.23%
Revenue Next 3Y0.03%
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
- Based on the Price/Earnings ratio of 9.51, the valuation of NONG can be described as reasonable.
- Based on the Price/Earnings ratio, NONG is valued a bit cheaper than 79.82% of the companies in the same industry.
- NONG is valuated cheaply when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 9.68, which indicates a very decent valuation of NONG.
- Based on the Price/Forward Earnings ratio, NONG is valued cheaper than 82.46% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of NONG to the average of the S&P500 Index (25.98), we can say NONG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.51 | ||
| Fwd PE | 9.68 |
4.2 Price Multiples
- NONG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NONG is cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.47 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- A cheap valuation may be justified as NONG's earnings are expected to decrease with -3.37% in the coming years.
PEG (NY)N/A
PEG (5Y)0.81
EPS Next 2Y-3.14%
EPS Next 3Y-3.37%
5. Dividend
5.1 Amount
- NONG has a Yearly Dividend Yield of 5.80%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.93, NONG pays a bit more dividend than its industry peers.
- NONG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
5.2 History
- On average, the dividend of NONG grows each year by 12.24%, which is quite nice.
Dividend Growth(5Y)12.24%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- NONG pays out 135.25% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of NONG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP135.25%
EPS Next 2Y-3.14%
EPS Next 3Y-3.37%
SPAREBANK 1 NORD-NORGE / NONG.OL FAQ
What is the ChartMill fundamental rating of SPAREBANK 1 NORD-NORGE (NONG.OL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to NONG.OL.
Can you provide the valuation status for SPAREBANK 1 NORD-NORGE?
ChartMill assigns a valuation rating of 6 / 10 to SPAREBANK 1 NORD-NORGE (NONG.OL). This can be considered as Fairly Valued.
How profitable is SPAREBANK 1 NORD-NORGE (NONG.OL) stock?
SPAREBANK 1 NORD-NORGE (NONG.OL) has a profitability rating of 3 / 10.
Can you provide the PE and PB ratios for NONG stock?
The Price/Earnings (PE) ratio for SPAREBANK 1 NORD-NORGE (NONG.OL) is 9.51 and the Price/Book (PB) ratio is 0.75.
What is the earnings growth outlook for SPAREBANK 1 NORD-NORGE?
The Earnings per Share (EPS) of SPAREBANK 1 NORD-NORGE (NONG.OL) is expected to decline by -6.62% in the next year.