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 92 industry peers in the Banks industry. SBNOR has a bad profitability rating. Also its financial health evaluation is rather negative. SBNOR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SBNOR had positive earnings in the past year.
SBNOR had a positive operating cash flow in the past year.
In the past 5 years SBNOR has always been profitable.
Each year in the past 5 years SBNOR had a positive operating cash flow.
1.2 Ratios
SBNOR has a Return On Assets of 0.56%. This is comparable to the rest of the industry: SBNOR outperforms 42.39% of its industry peers.
SBNOR has a worse Return On Equity (7.67%) than 60.87% 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
Looking at the Profit Margin, with a value of 23.17%, SBNOR is in line with its industry, outperforming 58.70% of the companies in the same industry.
SBNOR's Profit Margin has improved in the last couple of years.
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) | 23.17% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y12.58%
PM growth 5Y16.69%
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.
Compared to 5 years ago, SBNOR has more shares outstanding
The debt/assets ratio for SBNOR is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of SBNOR is 41.53, which is on the high side as it means it would take SBNOR, 41.53 years of fcf income to pay off all of its debts.
SBNOR's Debt to FCF ratio of 41.53 is fine compared to the rest of the industry. SBNOR outperforms 77.17% of its industry peers.
A Debt/Equity ratio of 7.02 is on the high side and indicates that SBNOR has dependencies on debt financing.
SBNOR's Debt to Equity ratio of 7.02 is on the low side compared to the rest of the industry. SBNOR is outperformed by 90.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.02 | ||
| Debt/FCF | 41.53 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.61%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SBNOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.47%, which is quite impressive.
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.
SBNOR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.96% yearly.
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
With a Price/Earnings ratio of 9.02, the valuation of SBNOR can be described as very reasonable.
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 26.20.
The Price/Forward Earnings ratio is 10.37, which indicates a very decent valuation of SBNOR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBNOR is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SBNOR to the average of the S&P500 Index (22.13), we can say SBNOR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 10.37 |
4.2 Price Multiples
SBNOR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SBNOR is cheaper than 82.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.1 | ||
| 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
With a Yearly Dividend Yield of 5.43%, SBNOR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.03, SBNOR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, SBNOR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
5.2 History
The dividend of SBNOR is nicely growing with an annual growth rate of 41.95%!
Dividend Growth(5Y)41.95%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
112.96% of the earnings are spent on dividend by SBNOR. This is not a sustainable payout ratio.
SBNOR's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP112.96%
EPS Next 2Y-5.69%
EPS Next 3Y-1.12%
OSL:SBNOR (5/28/2025, 7:00:00 PM)
153.58
-1.46 (-0.94%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners31.58%
Inst Owner ChangeN/A
Ins Owners0.72%
Ins Owner ChangeN/A
Market Cap26.05B
Analysts81.33
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
Yearly Dividend24.3
Dividend Growth(5Y)41.95%
DP112.96%
Div Incr YearsN/A
Div Non Decr YearsN/A
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)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 10.37 | ||
| P/S | 3.12 | ||
| P/FCF | 6.1 | ||
| P/OCF | 6.01 | ||
| P/B | 1.03 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | N/A |
EPS(TTM)17.03
EY11.09%
EPS(NY)14.81
Fwd EY9.64%
FCF(TTM)25.16
FCFY16.38%
OCF(TTM)25.55
OCFY16.63%
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) | 23.17% | ||
| 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 3Y12.58%
PM growth 5Y16.69%
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 | 220.46% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC5.61%
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)228.56%
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%