SPAREBANKEN NORGE (SBNOR.OL) Stock Fundamental Analysis
Europe - OSL:SBNOR - NO0006000900 - Common Stock
176.27 NOK
+0.29 (+0.16%)
Taking everything into account, SBNOR scores 4 out of 10 in our fundamental rating. SBNOR was compared to 97 industry peers in the Banks industry. Both the profitability and financial health of SBNOR have multiple concerns. SBNOR is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year SBNOR was profitable.
In the past year SBNOR had a positive cash flow from operations.
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 0.38%, SBNOR is not doing good in the industry: 75.76% of the companies in the same industry are doing better.
SBNOR has a Return On Equity of 4.37%. This is in the lower half of the industry: SBNOR underperforms 72.73% of its industry peers.
| 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
With a Profit Margin value of 22.44%, SBNOR perfoms like the industry average, outperforming 54.55% 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) | 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.
The number of shares outstanding for SBNOR remains at a similar level compared to 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 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.
The Debt to FCF ratio of SBNOR (52.75) is better than 71.72% of its industry peers.
A Debt/Equity ratio of 5.82 is on the high side and indicates that SBNOR has dependencies on debt financing.
With a Debt to Equity ratio value of 5.82, SBNOR is not doing good in the industry: 90.91% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.82 | ||
| Debt/FCF | 52.75 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.81%
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.
Measured over the past years, SBNOR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.42% on average per year.
Looking at the last year, SBNOR shows a very strong growth in Revenue. The Revenue has grown by 26.78%.
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)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 decrease by -1.08% 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 20.01% on average per year.
EPS Next Y-9.17%
EPS Next 2Y-5.15%
EPS Next 3Y-1.08%
EPS Next 5YN/A
Revenue Next Year48.52%
Revenue Next 2Y29.45%
Revenue Next 3Y20.01%
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
Based on the Price/Earnings ratio of 10.11, the valuation of SBNOR can be described as reasonable.
SBNOR's Price/Earnings ratio is in line with the industry average.
SBNOR is valuated cheaply when we compare the Price/Earnings ratio to 26.89, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.77, the valuation of SBNOR can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SBNOR is valued a bit more expensive than the industry average as 69.70% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of SBNOR to the average of the S&P500 Index (22.99), we can say SBNOR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.11 | ||
| Fwd PE | 11.77 |
4.2 Price Multiples
SBNOR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SBNOR is cheaper than 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.46 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.58
EPS Next 2Y-5.15%
EPS Next 3Y-1.08%
5. Dividend
5.1 Amount
SBNOR has a Yearly Dividend Yield of 4.79%, which is a nice return.
Compared to an average industry Dividend Yield of 4.83, SBNOR has a dividend in line with its industry peers.
SBNOR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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.
SBNOR's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP107.44%
EPS Next 2Y-5.15%
EPS Next 3Y-1.08%
OSL:SBNOR (10/27/2025, 9:04:03 AM)
176.27
+0.29 (+0.16%)
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 Cap29.90B
Revenue(TTM)9.65B
Net Income(TTM)2.17B
Analysts80
Price Target169.07 (-4.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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)0%
PT rev (3m)6.66%
EPS NQ rev (1m)1.16%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)0%
EPS NY rev (3m)0.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.32%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)3.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.11 | ||
| Fwd PE | 11.77 | ||
| P/S | 3.1 | ||
| P/FCF | 5.46 | ||
| P/OCF | 5.38 | ||
| P/B | 0.6 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | N/A |
EPS(TTM)17.43
EY9.89%
EPS(NY)14.98
Fwd EY8.5%
FCF(TTM)32.28
FCFY18.31%
OCF(TTM)32.76
OCFY18.58%
SpS56.91
BVpS292.33
TBVpS256.07
PEG (NY)N/A
PEG (5Y)0.58
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
WACC5.81%
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-9.17%
EPS Next 2Y-5.15%
EPS Next 3Y-1.08%
EPS Next 5YN/A
Revenue 1Y (TTM)26.78%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%59.71%
Revenue Next Year48.52%
Revenue Next 2Y29.45%
Revenue Next 3Y20.01%
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 10.11 and the Price/Book (PB) ratio is 0.6.
What is the financial health of SPAREBANKEN NORGE (SBNOR.OL) stock?
The financial health rating of SPAREBANKEN NORGE (SBNOR.OL) is 1 / 10.