SPAREBANKEN NORGE (SBNOR.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SBNOR - NO0006000900 - Common Stock
171.76 NOK
-0.86 (-0.5%)
Overall SBNOR gets a fundamental rating of 4 out of 10. We evaluated SBNOR against 96 industry peers in the Banks industry. SBNOR may be in some trouble as it scores bad on both profitability and health. SBNOR is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
SBNOR had positive earnings in the past year.
In the past year SBNOR had a positive cash flow from operations.
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
With a Return On Assets value of 0.38%, SBNOR is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
With a Return On Equity value of 4.37%, SBNOR is not doing good in the industry: 72.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.38% | ||
| ROE | 4.37% | ||
| 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 has a Profit Margin (22.44%) which is in line with its industry peers.
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) | 22.44% | ||
| 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.
Compared to 1 year ago, SBNOR has about the same amount of shares outstanding.
Compared to 5 years ago, SBNOR has more shares outstanding
Compared to 1 year ago, SBNOR has a worse debt to assets ratio.
2.2 Solvency
SBNOR has a debt to FCF ratio of 52.75. This is a negative value and a sign of low solvency as SBNOR would need 52.75 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 52.75, SBNOR is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 5.82 is on the high side and indicates that SBNOR has dependencies on debt financing.
The Debt to Equity ratio of SBNOR (5.82) is worse than 88.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.82 | ||
| Debt/FCF | 52.75 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.76%
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 nice 15.35% 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.
SBNOR shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.78%.
The Revenue has been growing by 10.96% on average over the past years. This is quite good.
EPS 1Y (TTM)15.35%
EPS 3Y22.09%
EPS 5Y17.42%
EPS Q2Q%10.18%
Revenue 1Y (TTM)26.78%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%59.71%
3.2 Future
The Earnings Per Share is expected to grow by 0.31% on average over the next years.
Based on estimates for the next years, SBNOR will show a very strong growth in Revenue. The Revenue will grow by 20.11% on average per year.
EPS Next Y-6.23%
EPS Next 2Y-3.04%
EPS Next 3Y0.31%
EPS Next 5YN/A
Revenue Next Year48.7%
Revenue Next 2Y29.48%
Revenue Next 3Y20.11%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.85 indicates a reasonable valuation of SBNOR.
SBNOR's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.45. SBNOR is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 10.97, the valuation of SBNOR can be described as reasonable.
61.46% of the companies in the same industry are cheaper than SBNOR, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.46, SBNOR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.85 | ||
| Fwd PE | 10.97 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SBNOR is valued a bit cheaper than the industry average as 79.17% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.32 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.57
EPS Next 2Y-3.04%
EPS Next 3Y0.31%
5. Dividend
5.1 Amount
SBNOR has a Yearly Dividend Yield of 4.93%, which is a nice return.
SBNOR's Dividend Yield is comparable with the industry average which is at 4.79.
Compared to an average S&P500 Dividend Yield of 2.45, SBNOR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
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
SBNOR pays out 107.44% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SBNOR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP107.44%
EPS Next 2Y-3.04%
EPS Next 3Y0.31%
OSL:SBNOR (11/21/2025, 7:00:00 PM)
171.76
-0.86 (-0.5%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners23.91%
Inst Owner ChangeN/A
Ins Owners0.53%
Ins Owner ChangeN/A
Market Cap29.13B
Revenue(TTM)9.65B
Net Income(TTM)2.17B
Analysts78.57
Price Target172.64 (0.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
Yearly Dividend24.37
Dividend Growth(5Y)42.04%
DP107.44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.12%
Min EPS beat(2)5.31%
Max EPS beat(2)18.92%
EPS beat(4)3
Avg EPS beat(4)8.84%
Min EPS beat(4)-3.55%
Max EPS beat(4)18.92%
EPS beat(8)7
Avg EPS beat(8)6.95%
EPS beat(12)9
Avg EPS beat(12)14.09%
EPS beat(16)12
Avg EPS beat(16)13.94%
Revenue beat(2)1
Avg Revenue beat(2)-5.12%
Min Revenue beat(2)-13.13%
Max Revenue beat(2)2.89%
Revenue beat(4)2
Avg Revenue beat(4)-0.72%
Min Revenue beat(4)-13.13%
Max Revenue beat(4)8.42%
Revenue beat(8)6
Avg Revenue beat(8)4.18%
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)2.11%
PT rev (3m)8.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)3.23%
EPS NY rev (3m)4.24%
Revenue NQ rev (1m)0.37%
Revenue NQ rev (3m)1.73%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.85 | ||
| Fwd PE | 10.97 | ||
| P/S | 3.02 | ||
| P/FCF | 5.32 | ||
| P/OCF | 5.24 | ||
| P/B | 0.59 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | N/A |
EPS(TTM)17.43
EY10.15%
EPS(NY)15.65
Fwd EY9.11%
FCF(TTM)32.28
FCFY18.79%
OCF(TTM)32.76
OCFY19.07%
SpS56.91
BVpS292.33
TBVpS256.07
PEG (NY)N/A
PEG (5Y)0.57
Graham Number338.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.38% | ||
| ROE | 4.37% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 22.44% | ||
| GM | N/A | ||
| FCFM | 56.72% |
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
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 3Y12.59%
PM growth 5Y16.7%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.82 | ||
| Debt/FCF | 52.75 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 0.84% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 252.8% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC5.76%
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)15.35%
EPS 3Y22.09%
EPS 5Y17.42%
EPS Q2Q%10.18%
EPS Next Y-6.23%
EPS Next 2Y-3.04%
EPS Next 3Y0.31%
EPS Next 5YN/A
Revenue 1Y (TTM)26.78%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%59.71%
Revenue Next Year48.7%
Revenue Next 2Y29.48%
Revenue Next 3Y20.11%
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 1Y60.23%
FCF growth 3Y28.27%
FCF growth 5Y61.38%
OCF growth 1Y56.82%
OCF growth 3Y27.09%
OCF growth 5Y18.41%
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.
Can you provide the valuation status for SPAREBANKEN NORGE?
ChartMill assigns a valuation rating of 4 / 10 to SPAREBANKEN NORGE (SBNOR.OL). This can be considered as Fairly Valued.
What is the profitability of SBNOR stock?
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 9.85 and the Price/Book (PB) ratio is 0.59.
What is the financial health of SPAREBANKEN NORGE (SBNOR.OL) stock?
The financial health rating of SPAREBANKEN NORGE (SBNOR.OL) is 1 / 10.