SPAREBANK 1 RINGERIKE HADELA (RING.OL) Fundamental Analysis & Valuation

OSL:RING • NO0006390400

474.85 NOK
+2.85 (+0.6%)
Last: Mar 12, 2026, 09:57 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

Taking everything into account, RING scores 4 out of 10 in our fundamental rating. RING was compared to 116 industry peers in the Banks industry. There are concerns on the financial health of RING while its profitability can be described as average. RING is not valued too expensively and it also shows a decent growth rate. Finally RING also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. RING.OL Profitability Analysis

1.1 Basic Checks

  • RING had positive earnings in the past year.
  • In the past year RING had a positive cash flow from operations.
  • RING had positive earnings in each of the past 5 years.
  • RING had a positive operating cash flow in each of the past 5 years.
RING.OL Yearly Net Income VS EBIT VS OCF VS FCFRING.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 2025 0 500M -500M 1B -1B

1.2 Ratios

  • RING has a better Return On Assets (2.19%) than 95.69% of its industry peers.
  • With a decent Return On Equity value of 12.95%, RING is doing good in the industry, outperforming 64.66% of the companies in the same industry.
Industry RankSector Rank
ROA 2.19%
ROE 12.95%
ROIC N/A
ROA(3y)1.94%
ROA(5y)1.75%
ROE(3y)11.77%
ROE(5y)11.03%
ROIC(3y)N/A
ROIC(5y)N/A
RING.OL Yearly ROA, ROE, ROICRING.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • RING's Profit Margin of 49.06% is amongst the best of the industry. RING outperforms 96.55% of its industry peers.
  • In the last couple of years the Profit Margin of RING has grown nicely.
  • The Operating Margin and Gross Margin are not available for RING so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 49.06%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.67%
PM growth 5Y2.96%
GM growth 3YN/A
GM growth 5YN/A
RING.OL Yearly Profit, Operating, Gross MarginsRING.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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3

2. RING.OL Health Analysis

2.1 Basic Checks

  • RING does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, RING has about the same amount of shares outstanding.
  • The number of shares outstanding for RING has been reduced compared to 5 years ago.
  • The debt/assets ratio for RING has been reduced compared to a year ago.
RING.OL Yearly Shares OutstandingRING.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
RING.OL Yearly Total Debt VS Total AssetsRING.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • RING has a debt to FCF ratio of 4.29. This is a neutral value as RING would need 4.29 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.29, RING belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
  • A Debt/Equity ratio of 0.79 indicates that RING is somewhat dependend on debt financing.
  • The Debt to Equity ratio of RING (0.79) is better than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 4.29
Altman-Z N/A
ROIC/WACCN/A
WACC6.57%
RING.OL Yearly LT Debt VS Equity VS FCFRING.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
RING.OL Yearly Current Assets VS Current LiabilitesRING.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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

4

3. RING.OL Growth Analysis

3.1 Past

  • RING shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.49%, which is quite impressive.
  • RING shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.59% yearly.
  • RING shows a small growth in Revenue. In the last year, the Revenue has grown by 4.21%.
  • Measured over the past years, RING shows a quite strong growth in Revenue. The Revenue has been growing by 9.25% on average per year.
EPS 1Y (TTM)52.49%
EPS 3Y16.43%
EPS 5Y10.59%
EPS Q2Q%9.09%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y14.59%
Revenue growth 5Y9.25%
Sales Q2Q%18.46%

3.2 Future

  • RING is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.71% yearly.
  • RING is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.56% yearly.
EPS Next Y-4.22%
EPS Next 2Y-8.02%
EPS Next 3Y-4.72%
EPS Next 5Y-2.71%
Revenue Next Year2.01%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.52%
Revenue Next 5Y2.56%

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.
RING.OL Yearly Revenue VS EstimatesRING.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B
RING.OL Yearly EPS VS EstimatesRING.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10 20 30 40

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4

4. RING.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.85, the valuation of RING can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of RING is on the same level as its industry peers.
  • RING's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.15.
  • Based on the Price/Forward Earnings ratio of 12.83, the valuation of RING can be described as correct.
  • Based on the Price/Forward Earnings ratio, RING is valued a bit more expensive than the industry average as 74.14% of the companies are valued more cheaply.
  • RING is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.85
Fwd PE 12.83
RING.OL Price Earnings VS Forward Price EarningsRING.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 75.86% of the companies in the same industry are more expensive than RING, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.26
EV/EBITDA N/A
RING.OL Per share dataRING.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • RING's earnings are expected to decrease with -4.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.03
EPS Next 2Y-8.02%
EPS Next 3Y-4.72%

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

7

5. RING.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 9.50%, RING is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.56, RING pays a better dividend. On top of this RING pays more dividend than 98.28% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, RING pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.5%

5.2 History

  • On average, the dividend of RING grows each year by 18.15%, which is quite nice.
Dividend Growth(5Y)18.15%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 67.24% of the earnings are spent on dividend by RING. This is not a sustainable payout ratio.
  • The Dividend Rate of RING has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP67.24%
EPS Next 2Y-8.02%
EPS Next 3Y-4.72%
RING.OL Yearly Income VS Free CF VS DividendRING.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B
RING.OL Dividend Payout.RING.OL Dividend Payout, showing the Payout Ratio.RING.OL Dividend Payout.PayoutRetained Earnings

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RING.OL Fundamentals: All Metrics, Ratios and Statistics

SPAREBANK 1 RINGERIKE HADELA

OSL:RING (3/12/2026, 9:57:29 AM)

474.85

+2.85 (+0.6%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-13
Earnings (Next)05-06
Inst Owners9.02%
Inst Owner ChangeN/A
Ins Owners2.32%
Ins Owner ChangeN/A
Market Cap7.43B
Revenue(TTM)1.46B
Net Income(TTM)716.81M
Analysts45.45
Price Target413.1 (-13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 9.5%
Yearly Dividend30.8
Dividend Growth(5Y)18.15%
DP67.24%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)6.95%
Min Revenue beat(2)3.34%
Max Revenue beat(2)10.55%
Revenue beat(4)4
Avg Revenue beat(4)9.66%
Min Revenue beat(4)0.66%
Max Revenue beat(4)24.1%
Revenue beat(8)5
Avg Revenue beat(8)5.99%
Revenue beat(12)6
Avg Revenue beat(12)2.2%
Revenue beat(16)8
Avg Revenue beat(16)1.9%
PT rev (1m)0%
PT rev (3m)2.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)5.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.47%
Revenue NY rev (3m)1.51%
Valuation
Industry RankSector Rank
PE 10.85
Fwd PE 12.83
P/S 5.09
P/FCF 7.26
P/OCF 7.04
P/B 1.34
P/tB 1.36
EV/EBITDA N/A
EPS(TTM)43.75
EY9.21%
EPS(NY)37.02
Fwd EY7.8%
FCF(TTM)65.43
FCFY13.78%
OCF(TTM)67.41
OCFY14.2%
SpS93.35
BVpS353.61
TBVpS349.33
PEG (NY)N/A
PEG (5Y)1.03
Graham Number589.99
Profitability
Industry RankSector Rank
ROA 2.19%
ROE 12.95%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 49.06%
GM N/A
FCFM 70.09%
ROA(3y)1.94%
ROA(5y)1.75%
ROE(3y)11.77%
ROE(5y)11.03%
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 3Y4.67%
PM growth 5Y2.96%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 4.29
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 2.12%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 142.85%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC6.57%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)142.9%
Profit Quality(5y)118.4%
High Growth Momentum
Growth
EPS 1Y (TTM)52.49%
EPS 3Y16.43%
EPS 5Y10.59%
EPS Q2Q%9.09%
EPS Next Y-4.22%
EPS Next 2Y-8.02%
EPS Next 3Y-4.72%
EPS Next 5Y-2.71%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y14.59%
Revenue growth 5Y9.25%
Sales Q2Q%18.46%
Revenue Next Year2.01%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.52%
Revenue Next 5Y2.56%
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-30.86%
FCF growth 3Y86.84%
FCF growth 5Y72.89%
OCF growth 1Y-28.76%
OCF growth 3Y88.71%
OCF growth 5Y52.65%

SPAREBANK 1 RINGERIKE HADELA / RING.OL FAQ

What is the fundamental rating for RING stock?

ChartMill assigns a fundamental rating of 4 / 10 to RING.OL.


What is the valuation status of SPAREBANK 1 RINGERIKE HADELA (RING.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to SPAREBANK 1 RINGERIKE HADELA (RING.OL). This can be considered as Fairly Valued.


What is the profitability of RING stock?

SPAREBANK 1 RINGERIKE HADELA (RING.OL) has a profitability rating of 5 / 10.


What is the valuation of SPAREBANK 1 RINGERIKE HADELA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SPAREBANK 1 RINGERIKE HADELA (RING.OL) is 10.85 and the Price/Book (PB) ratio is 1.34.


What is the financial health of SPAREBANK 1 RINGERIKE HADELA (RING.OL) stock?

The financial health rating of SPAREBANK 1 RINGERIKE HADELA (RING.OL) is 3 / 10.