SPAREBANKEN NORGE (SBNOR.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SBNOR - NO0006000900 - Common Stock
188.95 NOK
+0.45 (+0.24%)
We assign a fundamental rating of 4 out of 10 to SBNOR. SBNOR was compared to 114 industry peers in the Banks industry. SBNOR has a bad profitability rating. Also its financial health evaluation is rather negative. SBNOR is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
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.
- SBNOR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 0.42%, SBNOR is not doing good in the industry: 80.70% of the companies in the same industry are doing better.
- Looking at the Return On Equity, with a value of 4.63%, SBNOR is doing worse than 74.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 4.63% | ||
| 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
- SBNOR's Profit Margin of 21.46% is in line compared to the rest of the industry. SBNOR outperforms 42.98% of its industry peers.
- SBNOR's Profit Margin has improved in the last couple of years.
- SBNOR 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) | 21.46% | ||
| 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.
- SBNOR has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SBNOR has a worse debt to assets ratio.
2.2 Solvency
- The Debt to FCF ratio of SBNOR is 42.36, which is on the high side as it means it would take SBNOR, 42.36 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of SBNOR (42.36) is better than 62.28% of its industry peers.
- A Debt/Equity ratio of 5.63 is on the high side and indicates that SBNOR has dependencies on debt financing.
- SBNOR has a worse Debt to Equity ratio (5.63) than 92.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.63 | ||
| Debt/FCF | 42.36 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.95%
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 been growing slightly by 3.72% 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.
- Looking at the last year, SBNOR shows a very strong growth in Revenue. The Revenue has grown by 38.92%.
- 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)3.72%
EPS 3Y22.09%
EPS 5Y17.42%
EPS Q2Q%-9.89%
Revenue 1Y (TTM)38.92%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%61.36%
3.2 Future
- SBNOR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.21% yearly.
- Based on estimates for the next years, SBNOR will show a very strong growth in Revenue. The Revenue will grow by 22.10% on average per year.
EPS Next Y-4.5%
EPS Next 2Y-1.62%
EPS Next 3Y0.21%
EPS Next 5YN/A
Revenue Next Year54.16%
Revenue Next 2Y31.7%
Revenue Next 3Y22.1%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- SBNOR is valuated reasonably with a Price/Earnings ratio of 11.12.
- SBNOR's Price/Earnings is on the same level as the industry average.
- SBNOR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.25.
- With a Price/Forward Earnings ratio of 11.73, the valuation of SBNOR can be described as very reasonable.
- SBNOR's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. SBNOR is more expensive than 64.04% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of SBNOR to the average of the S&P500 Index (25.98), we can say SBNOR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 11.73 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, SBNOR is valued cheaper than 87.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.8 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.64
EPS Next 2Y-1.62%
EPS Next 3Y0.21%
5. Dividend
5.1 Amount
- SBNOR has a Yearly Dividend Yield of 4.51%, which is a nice return.
- SBNOR's Dividend Yield is a higher than the industry average which is at 3.93.
- SBNOR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
5.2 History
- On average, the dividend of SBNOR grows each year by 42.04%, which is quite nice.
Dividend Growth(5Y)42.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 96.43% of the earnings are spent on dividend by SBNOR. This is not a sustainable payout ratio.
- SBNOR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP96.43%
EPS Next 2Y-1.62%
EPS Next 3Y0.21%
SPAREBANKEN NORGE / SBNOR.OL FAQ
Can you provide the ChartMill fundamental rating for SPAREBANKEN NORGE?
ChartMill assigns a fundamental rating of 4 / 10 to SBNOR.OL.
What is the valuation status of SPAREBANKEN NORGE (SBNOR.OL) stock?
ChartMill assigns a valuation rating of 5 / 10 to SPAREBANKEN NORGE (SBNOR.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for SPAREBANKEN NORGE?
SPAREBANKEN NORGE (SBNOR.OL) has a profitability rating of 3 / 10.
What is the valuation of SPAREBANKEN NORGE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SPAREBANKEN NORGE (SBNOR.OL) is 11.12 and the Price/Book (PB) ratio is 0.64.
Can you provide the financial health for SBNOR stock?
The financial health rating of SPAREBANKEN NORGE (SBNOR.OL) is 1 / 10.