SPAREBANKEN NORGE (SBNOR.OL) Stock Fundamental Analysis
OSL:SBNOR - Euronext Oslo - NO0006000900 - Common Stock - Currency: NOK
SBNOR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 96 industry peers in the Banks industry. SBNOR has a bad profitability rating. Also its financial health evaluation is rather negative. SBNOR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SBNOR was profitable.
SBNOR had a positive operating cash flow in the past year.
SBNOR had positive earnings in each of the past 5 years.
In the past 5 years SBNOR always reported a positive cash flow from operatings.
1.2 Ratios
SBNOR has a Return On Assets of 0.56%. This is comparable to the rest of the industry: SBNOR outperforms 41.67% of its industry peers.
SBNOR has a Return On Equity of 7.67%. This is in the lower half of the industry: SBNOR underperforms 60.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 7.67% | ||
| ROIC | N/A |
ROA(3y)0.49%
ROA(5y)0.45%
ROE(3y)6.19%
ROE(5y)5.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 23.18%, SBNOR is doing good in the industry, outperforming 62.50% of the companies in the same industry.
In the last couple of years the Profit Margin of SBNOR has grown nicely.
The Operating Margin and Gross Margin are not available for SBNOR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 23.18% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y12.59%
PM growth 5Y16.7%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SBNOR does not have a ROIC to compare to the WACC, probably because it is not profitable.
SBNOR has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SBNOR has been increased compared to 5 years ago.
Compared to 1 year ago, SBNOR has a worse debt to assets ratio.
2.2 Solvency
SBNOR has a debt to FCF ratio of 41.53. This is a negative value and a sign of low solvency as SBNOR would need 41.53 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 41.53, SBNOR is doing good in the industry, outperforming 75.00% of the companies in the same industry.
SBNOR has a Debt/Equity ratio of 7.02. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 7.02, SBNOR is doing worse than 89.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.02 | ||
| Debt/FCF | 41.53 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.65%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 21.47% over the past year.
SBNOR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.42% yearly.
The Revenue has decreased by -3.93% in the past year.
Measured over the past years, SBNOR shows a quite strong growth in Revenue. The Revenue has been growing by 10.96% on average per year.
EPS 1Y (TTM)21.47%
EPS 3Y22.09%
EPS 5Y17.42%
EPS Q2Q%8.64%
Revenue 1Y (TTM)-3.93%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%8.77%
3.2 Future
Based on estimates for the next years, SBNOR will show a decrease in Earnings Per Share. The EPS will decrease by -1.12% on average per year.
Based on estimates for the next years, SBNOR will show a quite strong growth in Revenue. The Revenue will grow by 18.89% on average per year.
EPS Next Y-10.04%
EPS Next 2Y-5.69%
EPS Next 3Y-1.12%
EPS Next 5YN/A
Revenue Next Year44.04%
Revenue Next 2Y27.62%
Revenue Next 3Y18.89%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
SBNOR is valuated reasonably with a Price/Earnings ratio of 9.07.
Compared to the rest of the industry, the Price/Earnings ratio of SBNOR is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.34. SBNOR is valued rather cheaply when compared to this.
SBNOR is valuated reasonably with a Price/Forward Earnings ratio of 10.44.
SBNOR's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, SBNOR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 10.44 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SBNOR is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.14 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.52
EPS Next 2Y-5.69%
EPS Next 3Y-1.12%
5. Dividend
5.1 Amount
SBNOR has a Yearly Dividend Yield of 5.35%, which is a nice return.
SBNOR's Dividend Yield is comparable with the industry average which is at 5.14.
Compared to an average S&P500 Dividend Yield of 2.40, SBNOR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
5.2 History
The dividend of SBNOR is nicely growing with an annual growth rate of 42.04%!
Dividend Growth(5Y)42.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
112.92% of the earnings are spent on dividend by SBNOR. This is not a sustainable payout ratio.
The Dividend Rate of SBNOR has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP112.92%
EPS Next 2Y-5.69%
EPS Next 3Y-1.12%
OSL:SBNOR (6/19/2025, 12:29:14 PM)
154.54
-3.24 (-2.05%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners20.23%
Inst Owner ChangeN/A
Ins Owners0.51%
Ins Owner ChangeN/A
Market Cap26.21B
Analysts81.33
Price Target154.7 (0.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
Yearly Dividend24.37
Dividend Growth(5Y)42.04%
DP112.92%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.88%
Min EPS beat(2)-3.55%
Max EPS beat(2)5.31%
EPS beat(4)3
Avg EPS beat(4)5.86%
Min EPS beat(4)-3.55%
Max EPS beat(4)14.66%
EPS beat(8)6
Avg EPS beat(8)4.43%
EPS beat(12)8
Avg EPS beat(12)12.21%
EPS beat(16)12
Avg EPS beat(16)13.75%
Revenue beat(2)0
Avg Revenue beat(2)-7.09%
Min Revenue beat(2)-13.13%
Max Revenue beat(2)-1.06%
Revenue beat(4)2
Avg Revenue beat(4)0.5%
Min Revenue beat(4)-13.13%
Max Revenue beat(4)8.42%
Revenue beat(8)6
Avg Revenue beat(8)16.3%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)1.36%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 10.44 | ||
| P/S | 3.14 | ||
| P/FCF | 6.14 | ||
| P/OCF | 6.05 | ||
| P/B | 1.04 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | N/A |
EPS(TTM)17.03
EY11.02%
EPS(NY)14.81
Fwd EY9.58%
FCF(TTM)25.16
FCFY16.28%
OCF(TTM)25.55
OCFY16.53%
SpS49.26
BVpS148.81
TBVpS145.55
PEG (NY)N/A
PEG (5Y)0.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 7.67% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 23.18% | ||
| GM | N/A | ||
| FCFM | 51.08% |
ROA(3y)0.49%
ROA(5y)0.45%
ROE(3y)6.19%
ROE(5y)5.61%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y12.59%
PM growth 5Y16.7%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.02 | ||
| Debt/FCF | 41.53 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 0.78% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 220.36% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC5.65%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.41%
Cap/Sales(5y)1.57%
Profit Quality(3y)228.55%
Profit Quality(5y)217.4%
High Growth Momentum
Growth
EPS 1Y (TTM)21.47%
EPS 3Y22.09%
EPS 5Y17.42%
EPS Q2Q%8.64%
EPS Next Y-10.04%
EPS Next 2Y-5.69%
EPS Next 3Y-1.12%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.93%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%8.77%
Revenue Next Year44.04%
Revenue Next 2Y27.62%
Revenue Next 3Y18.89%
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 1Y56.85%
FCF growth 3Y28.27%
FCF growth 5Y61.38%
OCF growth 1Y52.46%
OCF growth 3Y27.09%
OCF growth 5Y18.41%