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SPAREBANKEN OST (SPOG.OL) Stock Fundamental Analysis

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

75.39  -0.61 (-0.8%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SPOG. SPOG was compared to 92 industry peers in the Banks industry. SPOG may be in some trouble as it scores bad on both profitability and health. SPOG is not valued too expensively and it also shows a decent growth rate. SPOG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year SPOG was profitable.
SPOG had a positive operating cash flow in the past year.
In the past 5 years SPOG has always been profitable.
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

With a Return On Assets value of 0.32%, SPOG is not doing good in the industry: 83.70% of the companies in the same industry are doing better.
The Return On Equity of SPOG (3.11%) is worse than 81.52% of its industry peers.
Industry RankSector Rank
ROA 0.32%
ROE 3.11%
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

Looking at the Profit Margin, with a value of 13.43%, SPOG is doing worse than 78.26% of the companies in the same industry.
In the last couple of years the Profit Margin of SPOG has remained more or less at the same level.
SPOG 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) 13.43%
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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3

2. Health

2.1 Basic Checks

SPOG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SPOG has about the same amount of shares outstanding.
Compared to 5 years ago, SPOG has less shares outstanding
Compared to 1 year ago, SPOG has an improved debt to assets ratio.
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

SPOG has a debt to FCF ratio of 28.10. This is a negative value and a sign of low solvency as SPOG would need 28.10 years to pay back of all of its debts.
SPOG has a Debt to FCF ratio of 28.10. This is amongst the best in the industry. SPOG outperforms 80.43% of its industry peers.
A Debt/Equity ratio of 5.04 is on the high side and indicates that SPOG has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 5.04, SPOG is doing worse than 86.96% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 5.04
Debt/FCF 28.1
Altman-Z N/A
ROIC/WACCN/A
WACC4.63%
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 has grown by an nice 9.62% over the past year.
The Earnings Per Share has been growing slightly by 6.86% on average over the past years.
The Revenue for SPOG has decreased by -17.45% in the past year. This is quite bad
The Revenue has been growing slightly by 7.28% on average over the past years.
EPS 1Y (TTM)9.62%
EPS 3Y9.71%
EPS 5Y6.86%
EPS Q2Q%60.69%
Revenue 1Y (TTM)-17.45%
Revenue growth 3Y10.5%
Revenue growth 5Y7.28%
Sales Q2Q%30.1%

3.2 Future

The Earnings Per Share is expected to grow by 205.04% on average over the next years. This is a very strong growth
SPOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.68% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

A Price/Earnings ratio of 10.34 indicates a reasonable valuation of SPOG.
The rest of the industry has a similar Price/Earnings ratio as SPOG.
SPOG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.82.
SPOG is valuated reasonably with a Price/Forward Earnings ratio of 11.18.
Based on the Price/Forward Earnings ratio, SPOG is valued a bit more expensive than 64.13% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, SPOG is valued rather cheaply.
Industry RankSector Rank
PE 10.34
Fwd PE 11.18
SPOG.OL Price Earnings VS Forward Price EarningsSPOG.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

SPOG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPOG is cheaper than 93.48% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1.79
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

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.37
PEG (5Y)1.51
EPS Next 2Y-0.43%
EPS Next 3Y3.21%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.42%, SPOG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.97, 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 2.39, SPOG pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.42%

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 688.49% of its income as dividend. This is not a sustainable payout ratio.
SPOG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP688.49%
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 (8/1/2025, 7:00:00 PM)

75.39

-0.61 (-0.8%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-14 2025-07-14/bmo
Earnings (Next)10-29 2025-10-29
Inst Owners17.59%
Inst Owner ChangeN/A
Ins Owners3.25%
Ins Owner ChangeN/A
Market Cap1.56B
Analysts76
Price Target80.24 (6.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.42%
Yearly Dividend33.24
Dividend Growth(5Y)48.89%
DP688.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-11.35%
Min EPS beat(2)-37.22%
Max EPS beat(2)14.52%
EPS beat(4)1
Avg EPS beat(4)-10.48%
Min EPS beat(4)-37.22%
Max EPS beat(4)14.52%
EPS beat(8)4
Avg EPS beat(8)-2.27%
EPS beat(12)6
Avg EPS beat(12)-3.59%
EPS beat(16)7
Avg EPS beat(16)-4.52%
Revenue beat(2)1
Avg Revenue beat(2)-3.07%
Min Revenue beat(2)-18.47%
Max Revenue beat(2)12.33%
Revenue beat(4)1
Avg Revenue beat(4)-3.79%
Min Revenue beat(4)-18.47%
Max Revenue beat(4)12.33%
Revenue beat(8)2
Avg Revenue beat(8)-2%
Revenue beat(12)4
Avg Revenue beat(12)-2.11%
Revenue beat(16)6
Avg Revenue beat(16)-1.86%
PT rev (1m)0%
PT rev (3m)-6.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.47%
Valuation
Industry RankSector Rank
PE 10.34
Fwd PE 11.18
P/S 1.39
P/FCF 1.79
P/OCF 1.75
P/B 0.32
P/tB 0.32
EV/EBITDA N/A
EPS(TTM)7.29
EY9.67%
EPS(NY)6.74
Fwd EY8.94%
FCF(TTM)42.04
FCFY55.76%
OCF(TTM)43.19
OCFY57.29%
SpS54.23
BVpS234.43
TBVpS232.91
PEG (NY)1.37
PEG (5Y)1.51
Profitability
Industry RankSector Rank
ROA 0.32%
ROE 3.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 13.43%
GM N/A
FCFM 77.53%
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-Score3
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 5.04
Debt/FCF 28.1
Debt/EBITDA N/A
Cap/Depr 83.22%
Cap/Sales 2.12%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 577.11%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC4.63%
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)9.62%
EPS 3Y9.71%
EPS 5Y6.86%
EPS Q2Q%60.69%
EPS Next Y7.55%
EPS Next 2Y-0.43%
EPS Next 3Y3.21%
EPS Next 5Y205.04%
Revenue 1Y (TTM)-17.45%
Revenue growth 3Y10.5%
Revenue growth 5Y7.28%
Sales Q2Q%30.1%
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 1Y279.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y288.45%
OCF growth 3YN/A
OCF growth 5YN/A