SPAREBANK 1 NORDMOERE (SNOR.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:SNOR • NO0010691660

173 NOK
-4.6 (-2.59%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

4

Overall SNOR gets a fundamental rating of 4 out of 10. We evaluated SNOR against 111 industry peers in the Banks industry. SNOR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SNOR has a decent growth rate and is not valued too expensively. Finally SNOR also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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.
  • In the past 5 years SNOR has always been profitable.
  • In multiple years SNOR reported negative operating cash flow during the last 5 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B -1.5B

1.2 Ratios

  • SNOR has a Return On Assets of 0.59%. This is comparable to the rest of the industry: SNOR outperforms 41.44% of its industry peers.
  • The Return On Equity of SNOR (3.96%) is worse than 73.87% of its industry peers.
Industry RankSector Rank
ROA 0.59%
ROE 3.96%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3 4

1.3 Margins

  • SNOR's Profit Margin of 15.10% is on the low side compared to the rest of the industry. SNOR is outperformed by 80.18% of its industry peers.
  • 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) 15.1%
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 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.
  • SNOR has about the same amout of shares outstanding than it did 1 year ago.
  • SNOR has more shares outstanding than it did 5 years ago.
  • 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.
SNOR.OL Yearly Shares OutstandingSNOR.OL Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • SNOR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.57%
SNOR.OL Yearly LT Debt VS Equity VS FCFSNOR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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4

3. Growth

3.1 Past

  • SNOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.16%, which is quite good.
  • Measured over the past 5 years, SNOR shows a small growth in Earnings Per Share. The EPS has been growing by 2.04% on average per year.
  • The Revenue for SNOR has decreased by -11.47% in the past year. This is quite bad
  • The Revenue has been growing by 15.06% on average over the past years. This is quite good.
EPS 1Y (TTM)12.16%
EPS 3Y32.46%
EPS 5Y2.04%
EPS Q2Q%-25.28%
Revenue 1Y (TTM)-11.47%
Revenue growth 3Y19.11%
Revenue growth 5Y15.06%
Sales Q2Q%19.15%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.38% on average over the next years.
  • The Revenue is expected to grow by 3.15% on average over the next years.
EPS Next Y20.28%
EPS Next 2Y5.53%
EPS Next 3Y2.38%
EPS Next 5YN/A
Revenue Next Year5.96%
Revenue Next 2Y3.5%
Revenue Next 3Y3.15%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 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 20

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5

4. Valuation

4.1 Price/Earnings Ratio

  • SNOR is valuated reasonably with a Price/Earnings ratio of 8.97.
  • Compared to the rest of the industry, the Price/Earnings ratio of SNOR indicates a rather cheap valuation: SNOR is cheaper than 82.88% of the companies listed in the same industry.
  • SNOR is valuated cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 8.33 indicates a reasonable valuation of SNOR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SNOR indicates a rather cheap valuation: SNOR is cheaper than 90.09% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of SNOR to the average of the S&P500 Index (25.51), we can say SNOR is valued rather cheaply.
Industry RankSector Rank
PE 8.97
Fwd PE 8.33
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.44
PEG (5Y)4.4
EPS Next 2Y5.53%
EPS Next 3Y2.38%

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7

5. Dividend

5.1 Amount

  • SNOR has a Yearly Dividend Yield of 4.80%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.10, SNOR pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, SNOR pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.8%

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

  • SNOR pays out 43.73% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of SNOR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.73%
EPS Next 2Y5.53%
EPS Next 3Y2.38%
SNOR.OL Yearly Income VS Free CF VS DividendSNOR.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 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 (2/2/2026, 7:00:00 PM)

173

-4.6 (-2.59%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-31
Earnings (Next)02-11
Inst Owners7.56%
Inst Owner ChangeN/A
Ins Owners7.48%
Ins Owner ChangeN/A
Market Cap1.57B
Revenue(TTM)1.17B
Net Income(TTM)176.10M
Analysts42.22
Price Target188.7 (9.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.8%
Yearly Dividend6.95
Dividend Growth(5Y)0.59%
DP43.73%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)22.3%
Min EPS beat(2)-0.06%
Max EPS beat(2)44.66%
EPS beat(4)2
Avg EPS beat(4)5.75%
Min EPS beat(4)-26.31%
Max EPS beat(4)44.66%
EPS beat(8)4
Avg EPS beat(8)2.73%
EPS beat(12)5
Avg EPS beat(12)1.91%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)9.37%
Min Revenue beat(2)8.18%
Max Revenue beat(2)10.55%
Revenue beat(4)3
Avg Revenue beat(4)9.43%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)20.29%
Revenue beat(8)6
Avg Revenue beat(8)5.74%
Revenue beat(12)9
Avg Revenue beat(12)5.87%
Revenue beat(16)13
Avg Revenue beat(16)9.02%
PT rev (1m)5.11%
PT rev (3m)5.11%
EPS NQ rev (1m)10.32%
EPS NQ rev (3m)10.32%
EPS NY rev (1m)3.19%
EPS NY rev (3m)19.78%
Revenue NQ rev (1m)3.17%
Revenue NQ rev (3m)3.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 8.97
Fwd PE 8.33
P/S 1.34
P/FCF N/A
P/OCF N/A
P/B 0.35
P/tB 0.36
EV/EBITDA N/A
EPS(TTM)19.28
EY11.14%
EPS(NY)20.76
Fwd EY12%
FCF(TTM)-20.86
FCFYN/A
OCF(TTM)-15.12
OCFYN/A
SpS128.7
BVpS490.73
TBVpS483.66
PEG (NY)0.44
PEG (5Y)4.4
Graham Number461.39
Profitability
Industry RankSector Rank
ROA 0.59%
ROE 3.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 15.1%
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
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 3Y20.95%
PM growth 5Y18.03%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 4.46%
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-Score4
WACC8.57%
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)12.16%
EPS 3Y32.46%
EPS 5Y2.04%
EPS Q2Q%-25.28%
EPS Next Y20.28%
EPS Next 2Y5.53%
EPS Next 3Y2.38%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.47%
Revenue growth 3Y19.11%
Revenue growth 5Y15.06%
Sales Q2Q%19.15%
Revenue Next Year5.96%
Revenue Next 2Y3.5%
Revenue Next 3Y3.15%
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 1Y66.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y76.01%
OCF growth 3YN/A
OCF growth 5YN/A

SPAREBANK 1 NORDMOERE / SNOR.OL FAQ

What is the fundamental rating for SNOR stock?

ChartMill assigns a fundamental rating of 4 / 10 to SNOR.OL.


What is the valuation status of SPAREBANK 1 NORDMOERE (SNOR.OL) stock?

ChartMill assigns a valuation rating of 5 / 10 to SPAREBANK 1 NORDMOERE (SNOR.OL). This can be considered as Fairly Valued.


What is the profitability of SNOR stock?

SPAREBANK 1 NORDMOERE (SNOR.OL) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for SNOR stock?

The Earnings per Share (EPS) of SPAREBANK 1 NORDMOERE (SNOR.OL) is expected to grow by 20.28% in the next year.


Can you provide the dividend sustainability for SNOR stock?

The dividend rating of SPAREBANK 1 NORDMOERE (SNOR.OL) is 7 / 10 and the dividend payout ratio is 43.73%.