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SPAREBANKEN OST (SPOG.OL) Stock Fundamental Analysis

OSL:SPOG - Euronext Oslo - NO0006222009 - Common Stock - Currency: NOK

72.5  -0.2 (-0.28%)

Fundamental Rating

3

Taking everything into account, SPOG scores 3 out of 10 in our fundamental rating. SPOG was compared to 92 industry peers in the Banks industry. Both the profitability and financial health of SPOG have multiple concerns. SPOG has a decent growth rate and is not valued too expensively. Finally SPOG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SPOG had positive earnings in the past year.
In the past year SPOG had a positive cash flow from operations.
SPOG had positive earnings in each of the past 5 years.
In multiple years SPOG reported negative operating cash flow during the last 5 years.
SPOG.OL Yearly Net Income VS EBIT VS OCF VS FCFSPOG.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 2B -2B

1.2 Ratios

The Return On Assets of SPOG (0.39%) is worse than 79.35% of its industry peers.
Looking at the Return On Equity, with a value of 3.61%, SPOG is doing worse than 77.17% of the companies in the same industry.
Industry RankSector Rank
ROA 0.39%
ROE 3.61%
ROIC N/A
ROA(3y)0.25%
ROA(5y)0.25%
ROE(3y)2.29%
ROE(5y)2.4%
ROIC(3y)N/A
ROIC(5y)N/A
SPOG.OL Yearly ROA, ROE, ROICSPOG.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

1.3 Margins

SPOG has a worse Profit Margin (13.10%) than 79.35% of its industry peers.
In the last couple of years the Profit Margin of SPOG has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for SPOG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 13.1%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.78%
PM growth 5Y-0.37%
GM growth 3YN/A
GM growth 5YN/A
SPOG.OL Yearly Profit, Operating, Gross MarginsSPOG.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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2

2. Health

2.1 Basic Checks

SPOG does not have a ROIC to compare to the WACC, probably because it is not profitable.
SPOG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SPOG has been reduced compared to 5 years ago.
SPOG has a better debt/assets ratio than last year.
SPOG.OL Yearly Shares OutstandingSPOG.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
SPOG.OL Yearly Total Debt VS Total AssetsSPOG.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

The Debt to FCF ratio of SPOG is 44.85, which is on the high side as it means it would take SPOG, 44.85 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 44.85, SPOG is doing good in the industry, outperforming 76.09% of the companies in the same industry.
SPOG has a Debt/Equity ratio of 4.75. This is a high value indicating a heavy dependency on external financing.
SPOG has a Debt to Equity ratio of 4.75. This is amonst the worse of the industry: SPOG underperforms 88.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.75
Debt/FCF 44.85
Altman-Z N/A
ROIC/WACCN/A
WACC4.61%
SPOG.OL Yearly LT Debt VS Equity VS FCFSPOG.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 5B 10B 15B 20B 25B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SPOG.OL Yearly Current Assets VS Current LiabilitesSPOG.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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4

3. Growth

3.1 Past

The earnings per share for SPOG have decreased by -1.58% in the last year.
Measured over the past 5 years, SPOG shows a small growth in Earnings Per Share. The EPS has been growing by 6.86% on average per year.
SPOG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.90%.
SPOG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.28% yearly.
EPS 1Y (TTM)-1.58%
EPS 3Y9.71%
EPS 5Y6.86%
EPS Q2Q%-28.87%
Revenue 1Y (TTM)12.9%
Revenue growth 3Y10.5%
Revenue growth 5Y7.28%
Sales Q2Q%-14.88%

3.2 Future

Based on estimates for the next years, SPOG will show a very strong growth in Earnings Per Share. The EPS will grow by 205.04% on average per year.
Based on estimates for the next years, SPOG will show a small growth in Revenue. The Revenue will grow by 1.68% on average per year.
EPS Next Y7.55%
EPS Next 2Y-0.43%
EPS Next 3Y3.21%
EPS Next 5Y205.04%
Revenue Next Year4.64%
Revenue Next 2Y0.28%
Revenue Next 3Y1.68%
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 accelerating.
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.
SPOG.OL Yearly Revenue VS EstimatesSPOG.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
SPOG.OL Yearly EPS VS EstimatesSPOG.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100 200 300 400 500

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.62, the valuation of SPOG can be described as reasonable.
Based on the Price/Earnings ratio, SPOG is valued a bit more expensive than 73.91% of the companies in the same industry.
When comparing the Price/Earnings ratio of SPOG to the average of the S&P500 Index (26.25), we can say SPOG is valued rather cheaply.
The Price/Forward Earnings ratio is 10.75, which indicates a very decent valuation of SPOG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPOG indicates a slightly more expensive valuation: SPOG is more expensive than 63.04% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.15. SPOG is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.62
Fwd PE 10.75
SPOG.OL Price Earnings VS Forward Price EarningsSPOG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, SPOG is valued cheaper than 91.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.82
EV/EBITDA N/A
SPOG.OL Per share dataSPOG.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

SPOG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.54
PEG (5Y)1.69
EPS Next 2Y-0.43%
EPS Next 3Y3.21%

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7

5. Dividend

5.1 Amount

SPOG has a Yearly Dividend Yield of 8.87%, which is a nice return.
Compared to an average industry Dividend Yield of 5.03, SPOG pays a better dividend. On top of this SPOG pays more dividend than 96.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, SPOG pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.87%

5.2 History

The dividend of SPOG is nicely growing with an annual growth rate of 48.89%!
Dividend Growth(5Y)48.89%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

SPOG pays out 380.30% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SPOG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP380.3%
EPS Next 2Y-0.43%
EPS Next 3Y3.21%
SPOG.OL Yearly Income VS Free CF VS DividendSPOG.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 2B -2B
SPOG.OL Dividend Payout.SPOG.OL Dividend Payout, showing the Payout Ratio.SPOG.OL Dividend Payout.PayoutRetained Earnings

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SPAREBANKEN OST

OSL:SPOG (5/30/2025, 7:00:00 PM)

72.5

-0.2 (-0.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)05-14 2025-05-14/bmo
Earnings (Next)07-14 2025-07-14
Inst Owners18.82%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap1.50B
Analysts80
Price Target81.6 (12.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.87%
Yearly Dividend33.24
Dividend Growth(5Y)48.89%
DP380.3%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.6%
Min EPS beat(2)-12.61%
Max EPS beat(2)-6.59%
EPS beat(4)2
Avg EPS beat(4)1.02%
Min EPS beat(4)-12.61%
Max EPS beat(4)21.53%
EPS beat(8)4
Avg EPS beat(8)-2.41%
EPS beat(12)5
Avg EPS beat(12)-6.15%
EPS beat(16)7
Avg EPS beat(16)0.2%
Revenue beat(2)0
Avg Revenue beat(2)-4.5%
Min Revenue beat(2)-8.03%
Max Revenue beat(2)-0.98%
Revenue beat(4)1
Avg Revenue beat(4)0.83%
Min Revenue beat(4)-8.03%
Max Revenue beat(4)14.79%
Revenue beat(8)1
Avg Revenue beat(8)-3.85%
Revenue beat(12)3
Avg Revenue beat(12)-3.12%
Revenue beat(16)6
Avg Revenue beat(16)0.15%
PT rev (1m)-4.76%
PT rev (3m)2.56%
EPS NQ rev (1m)-4.65%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)8.86%
Revenue NQ rev (1m)0.61%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.47%
Revenue NY rev (3m)5.34%
Valuation
Industry RankSector Rank
PE 11.62
Fwd PE 10.75
P/S 1.09
P/FCF 2.82
P/OCF 2.73
P/B 0.3
P/tB 0.3
EV/EBITDA N/A
EPS(TTM)6.24
EY8.61%
EPS(NY)6.74
Fwd EY9.3%
FCF(TTM)25.67
FCFY35.4%
OCF(TTM)26.6
OCFY36.7%
SpS66.71
BVpS242.26
TBVpS240.6
PEG (NY)1.54
PEG (5Y)1.69
Profitability
Industry RankSector Rank
ROA 0.39%
ROE 3.61%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 13.1%
GM N/A
FCFM 38.48%
ROA(3y)0.25%
ROA(5y)0.25%
ROE(3y)2.29%
ROE(5y)2.4%
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 3Y-0.78%
PM growth 5Y-0.37%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 4.75
Debt/FCF 44.85
Debt/EBITDA N/A
Cap/Depr 71.06%
Cap/Sales 1.4%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 293.69%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC4.61%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.58%
Cap/Sales(5y)2.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.58%
EPS 3Y9.71%
EPS 5Y6.86%
EPS Q2Q%-28.87%
EPS Next Y7.55%
EPS Next 2Y-0.43%
EPS Next 3Y3.21%
EPS Next 5Y205.04%
Revenue 1Y (TTM)12.9%
Revenue growth 3Y10.5%
Revenue growth 5Y7.28%
Sales Q2Q%-14.88%
Revenue Next Year4.64%
Revenue Next 2Y0.28%
Revenue Next 3Y1.68%
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 1Y177.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y182.08%
OCF growth 3YN/A
OCF growth 5YN/A