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SPAREBANK 1 NORDMOERE (SNOR.OL) Stock Fundamental Analysis

OSL:SNOR - Euronext Oslo - NO0010691660 - Common Stock - Currency: NOK

163.2  -0.22 (-0.13%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SNOR. SNOR was compared to 92 industry peers in the Banks industry. While SNOR seems to be doing ok healthwise, there are quite some concerns on its profitability. SNOR is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SNOR had positive earnings in the past year.
In the past year SNOR has reported a negative cash flow from operations.
SNOR had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: SNOR reported negative operating cash flow in multiple years.
SNOR.OL Yearly Net Income VS EBIT VS OCF VS FCFSNOR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B -1.5B

1.2 Ratios

SNOR has a Return On Assets of 0.69%. This is comparable to the rest of the industry: SNOR outperforms 51.09% of its industry peers.
Looking at the Return On Equity, with a value of 4.74%, SNOR is doing worse than 72.83% of the companies in the same industry.
Industry RankSector Rank
ROA 0.69%
ROE 4.74%
ROIC N/A
ROA(3y)0.49%
ROA(5y)0.36%
ROE(3y)3.51%
ROE(5y)2.63%
ROIC(3y)N/A
ROIC(5y)N/A
SNOR.OL Yearly ROA, ROE, ROICSNOR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3 4

1.3 Margins

With a Profit Margin value of 14.81%, SNOR is not doing good in the industry: 73.91% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SNOR has grown nicely.
SNOR does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 14.81%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y20.95%
PM growth 5Y18.03%
GM growth 3YN/A
GM growth 5YN/A
SNOR.OL Yearly Profit, Operating, Gross MarginsSNOR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

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4

2. Health

2.1 Basic Checks

SNOR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SNOR has about the same amount of shares outstanding.
Compared to 5 years ago, SNOR has more shares outstanding
SNOR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SNOR.OL Yearly Shares OutstandingSNOR.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
SNOR.OL Yearly Total Debt VS Total AssetsSNOR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

There is no outstanding debt for SNOR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.54%
SNOR.OL Yearly LT Debt VS Equity VS FCFSNOR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SNOR.OL Yearly Current Assets VS Current LiabilitesSNOR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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5

3. Growth

3.1 Past

SNOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.60%, which is quite impressive.
The Earnings Per Share has been growing slightly by 2.04% on average over the past years.
SNOR shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.90%.
SNOR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.06% yearly.
EPS 1Y (TTM)32.6%
EPS 3Y32.46%
EPS 5Y2.04%
EPS Q2Q%-16.42%
Revenue 1Y (TTM)42.9%
Revenue growth 3Y19.11%
Revenue growth 5Y15.06%
Sales Q2Q%-4.37%

3.2 Future

The Earnings Per Share is expected to decrease by -0.50% on average over the next years.
SNOR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.49% yearly.
EPS Next Y-2.76%
EPS Next 2Y-2.37%
EPS Next 3Y-0.5%
EPS Next 5YN/A
Revenue Next Year3.63%
Revenue Next 2Y1.9%
Revenue Next 3Y2.49%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SNOR.OL Yearly Revenue VS EstimatesSNOR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
SNOR.OL Yearly EPS VS EstimatesSNOR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 9.08 indicates a reasonable valuation of SNOR.
SNOR's Price/Earnings ratio is in line with the industry average.
SNOR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.20.
With a Price/Forward Earnings ratio of 9.18, the valuation of SNOR can be described as very reasonable.
SNOR's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of SNOR to the average of the S&P500 Index (22.13), we can say SNOR is valued rather cheaply.
Industry RankSector Rank
PE 9.08
Fwd PE 9.18
SNOR.OL Price Earnings VS Forward Price EarningsSNOR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SNOR.OL Per share dataSNOR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300 400

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)4.45
EPS Next 2Y-2.37%
EPS Next 3Y-0.5%

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6

5. Dividend

5.1 Amount

SNOR has a Yearly Dividend Yield of 5.28%, which is a nice return.
SNOR's Dividend Yield is comparable with the industry average which is at 5.03.
SNOR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 5.28%

5.2 History

The dividend of SNOR has a limited annual growth rate of 0.59%.
Dividend Growth(5Y)0.59%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

31.29% of the earnings are spent on dividend by SNOR. This is a low number and sustainable payout ratio.
DP31.29%
EPS Next 2Y-2.37%
EPS Next 3Y-0.5%
SNOR.OL Yearly Income VS Free CF VS DividendSNOR.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B -1.5B
SNOR.OL Dividend Payout.SNOR.OL Dividend Payout, showing the Payout Ratio.SNOR.OL Dividend Payout.PayoutRetained Earnings

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SPAREBANK 1 NORDMOERE

OSL:SNOR (5/28/2025, 7:00:00 PM)

163.2

-0.22 (-0.13%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)05-09 2025-05-09/bmo
Earnings (Next)08-07 2025-08-07
Inst Owners5.97%
Inst Owner ChangeN/A
Ins Owners7.6%
Ins Owner ChangeN/A
Market Cap1.48B
Analysts42.22
Price Target169.32 (3.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.28%
Yearly Dividend6.95
Dividend Growth(5Y)0.59%
DP31.29%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.79%
Min EPS beat(2)-26.31%
Max EPS beat(2)4.72%
EPS beat(4)2
Avg EPS beat(4)-2.37%
Min EPS beat(4)-26.31%
Max EPS beat(4)23.13%
EPS beat(8)3
Avg EPS beat(8)-10.23%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)9.49%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)20.29%
Revenue beat(4)2
Avg Revenue beat(4)3.83%
Min Revenue beat(4)-7.46%
Max Revenue beat(4)20.29%
Revenue beat(8)5
Avg Revenue beat(8)3.34%
Revenue beat(12)9
Avg Revenue beat(12)6.27%
Revenue beat(16)13
Avg Revenue beat(16)11.74%
PT rev (1m)-2.35%
PT rev (3m)0%
EPS NQ rev (1m)29.06%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.63%
Revenue NQ rev (1m)0.84%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)0.69%
Valuation
Industry RankSector Rank
PE 9.08
Fwd PE 9.18
P/S 1.09
P/FCF N/A
P/OCF N/A
P/B 0.35
P/tB 0.35
EV/EBITDA N/A
EPS(TTM)17.98
EY11.02%
EPS(NY)17.77
Fwd EY10.89%
FCF(TTM)-64.35
FCFYN/A
OCF(TTM)-62.8
OCFYN/A
SpS150
BVpS468.87
TBVpS461.81
PEG (NY)N/A
PEG (5Y)4.45
Profitability
Industry RankSector Rank
ROA 0.69%
ROE 4.74%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 14.81%
GM N/A
FCFM N/A
ROA(3y)0.49%
ROA(5y)0.36%
ROE(3y)3.51%
ROE(5y)2.63%
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 3Y20.95%
PM growth 5Y18.03%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 1.03%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.54%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)2.9%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.6%
EPS 3Y32.46%
EPS 5Y2.04%
EPS Q2Q%-16.42%
EPS Next Y-2.76%
EPS Next 2Y-2.37%
EPS Next 3Y-0.5%
EPS Next 5YN/A
Revenue 1Y (TTM)42.9%
Revenue growth 3Y19.11%
Revenue growth 5Y15.06%
Sales Q2Q%-4.37%
Revenue Next Year3.63%
Revenue Next 2Y1.9%
Revenue Next 3Y2.49%
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 1Y-329.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-324.02%
OCF growth 3YN/A
OCF growth 5YN/A