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SPAREBANKEN OST (SPOG.OL) Stock Fundamental Analysis

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

77.63  +0.88 (+1.15%)

Fundamental Rating

4

SPOG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 87 industry peers in the Banks industry. SPOG has a bad profitability rating. Also its financial health evaluation is rather negative. 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

In the past year SPOG was profitable.
In the past year SPOG had a positive cash flow from operations.
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

SPOG has a Return On Assets of 0.36%. This is amonst the worse of the industry: SPOG underperforms 80.46% of its industry peers.
Looking at the Return On Equity, with a value of 3.64%, SPOG is doing worse than 75.86% of the companies in the same industry.
Industry RankSector Rank
ROA 0.36%
ROE 3.64%
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

With a Profit Margin value of 12.64%, SPOG is not doing good in the industry: 81.61% of the companies in the same industry are doing better.
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) 12.64%
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.
The number of shares outstanding for SPOG remains at a similar level compared to 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

SPOG has a debt to FCF ratio of 14.52. This is a negative value and a sign of low solvency as SPOG would need 14.52 years to pay back of all of its debts.
SPOG's Debt to FCF ratio of 14.52 is amongst the best of the industry. SPOG outperforms 83.91% of its industry peers.
A Debt/Equity ratio of 5.37 is on the high side and indicates that SPOG has dependencies on debt financing.
SPOG's Debt to Equity ratio of 5.37 is on the low side compared to the rest of the industry. SPOG is outperformed by 87.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.37
Debt/FCF 14.52
Altman-Z N/A
ROIC/WACCN/A
WACC4.66%
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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5

3. Growth

3.1 Past

SPOG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.58%.
The Earnings Per Share has been growing slightly by 6.86% on average over the past years.
SPOG shows a strong growth in Revenue. In the last year, the Revenue has grown by 30.17%.
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)30.17%
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.
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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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.44, the valuation of SPOG can be described as correct.
Based on the Price/Earnings ratio, SPOG is valued a bit more expensive than the industry average as 78.16% of the companies are valued more cheaply.
SPOG is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.51, the valuation of SPOG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SPOG is valued a bit more expensive than the industry average as 65.52% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of SPOG to the average of the S&P500 Index (21.70), we can say SPOG is valued slightly cheaper.
Industry RankSector Rank
PE 12.44
Fwd PE 11.51
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 96.55% of the companies in the same industry.
Industry RankSector Rank
P/FCF 0.93
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)1.65
PEG (5Y)1.81
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 8.22%, SPOG is a good candidate for dividend investing.
SPOG's Dividend Yield is rather good when compared to the industry average which is at 5.13. SPOG pays more dividend than 96.55% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, SPOG pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.22%

5.2 History

On average, the dividend of SPOG grows each year by 48.89%, which is quite nice.
Dividend Growth(5Y)48.89%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

595.91% of the earnings are spent on dividend by SPOG. This is not a sustainable payout ratio.
The dividend of SPOG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP595.91%
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 (7/1/2025, 3:35:05 PM)

77.63

+0.88 (+1.15%)

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 Owners17.59%
Inst Owner ChangeN/A
Ins Owners3.25%
Ins Owner ChangeN/A
Market Cap1.61B
Analysts76
Price Target80.24 (3.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.22%
Yearly Dividend33.24
Dividend Growth(5Y)48.89%
DP595.91%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.91%
Min EPS beat(2)-37.22%
Max EPS beat(2)-12.61%
EPS beat(4)1
Avg EPS beat(4)-13.66%
Min EPS beat(4)-37.22%
Max EPS beat(4)1.76%
EPS beat(8)3
Avg EPS beat(8)-7.71%
EPS beat(12)5
Avg EPS beat(12)-8%
EPS beat(16)7
Avg EPS beat(16)-1.24%
Revenue beat(2)0
Avg Revenue beat(2)-13.25%
Min Revenue beat(2)-18.47%
Max Revenue beat(2)-8.03%
Revenue beat(4)0
Avg Revenue beat(4)-7.48%
Min Revenue beat(4)-18.47%
Max Revenue beat(4)-0.98%
Revenue beat(8)1
Avg Revenue beat(8)-5.19%
Revenue beat(12)3
Avg Revenue beat(12)-4.32%
Revenue beat(16)6
Avg Revenue beat(16)-0.67%
PT rev (1m)-1.67%
PT rev (3m)-5.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.06%
EPS NY rev (1m)0%
EPS NY rev (3m)5.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.74%
Valuation
Industry RankSector Rank
PE 12.44
Fwd PE 11.51
P/S 1.2
P/FCF 0.93
P/OCF 0.92
P/B 0.35
P/tB 0.35
EV/EBITDA N/A
EPS(TTM)6.24
EY8.04%
EPS(NY)6.74
Fwd EY8.69%
FCF(TTM)83.14
FCFY107.09%
OCF(TTM)84.14
OCFY108.39%
SpS64.71
BVpS224.7
TBVpS223.07
PEG (NY)1.65
PEG (5Y)1.81
Profitability
Industry RankSector Rank
ROA 0.36%
ROE 3.64%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 12.64%
GM N/A
FCFM 128.48%
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 5.37
Debt/FCF 14.52
Debt/EBITDA N/A
Cap/Depr 75.45%
Cap/Sales 1.56%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 1016.52%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC4.66%
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)30.17%
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 1Y121.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.05%
OCF growth 3YN/A
OCF growth 5YN/A