SPAREBANK 1 OESTLANDET (SPOL.OL) Fundamental Analysis & Valuation

OSL:SPOL • NO0010751910

209.25 NOK
-2.75 (-1.3%)
Last: Mar 12, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This SPOL.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, SPOL scores 3 out of 10 in our fundamental rating. SPOL was compared to 116 industry peers in the Banks industry. SPOL has a bad profitability rating. Also its financial health evaluation is rather negative. SPOL has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. SPOL.OL Profitability Analysis

1.1 Basic Checks

  • In the past year SPOL was profitable.
  • In the past year SPOL had a positive cash flow from operations.
  • SPOL had positive earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: SPOL reported negative operating cash flow in multiple years.
SPOL.OL Yearly Net Income VS EBIT VS OCF VS FCFSPOL.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 2B -2B 4B -4B 6B

1.2 Ratios

  • SPOL has a Return On Assets of 1.13%. This is in the better half of the industry: SPOL outperforms 68.10% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.05%, SPOL is doing worse than 60.34% of the companies in the same industry.
Industry RankSector Rank
ROA 1.13%
ROE 9.05%
ROIC N/A
ROA(3y)0.91%
ROA(5y)0.88%
ROE(3y)7.72%
ROE(5y)7.43%
ROIC(3y)N/A
ROIC(5y)N/A
SPOL.OL Yearly ROA, ROE, ROICSPOL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • With a decent Profit Margin value of 29.00%, SPOL is doing good in the industry, outperforming 74.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SPOL has remained more or less at the same level.
  • The Operating Margin and Gross Margin are not available for SPOL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 29%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.06%
PM growth 5Y-0.09%
GM growth 3YN/A
GM growth 5YN/A
SPOL.OL Yearly Profit, Operating, Gross MarginsSPOL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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2

2. SPOL.OL Health Analysis

2.1 Basic Checks

  • SPOL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • SPOL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SPOL.OL Yearly Shares OutstandingSPOL.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
SPOL.OL Yearly Total Debt VS Total AssetsSPOL.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

  • SPOL has a debt to FCF ratio of 4.40. This is a neutral value as SPOL would need 4.40 years to pay back of all of its debts.
  • The Debt to FCF ratio of SPOL (4.40) is better than 88.79% of its industry peers.
  • SPOL has a Debt/Equity ratio of 1.72. This is a high value indicating a heavy dependency on external financing.
  • SPOL has a Debt to Equity ratio of 1.72. This is comparable to the rest of the industry: SPOL outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.72
Debt/FCF 4.4
Altman-Z N/A
ROIC/WACCN/A
WACC6.19%
SPOL.OL Yearly LT Debt VS Equity VS FCFSPOL.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SPOL.OL Yearly Current Assets VS Current LiabilitesSPOL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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1

3. SPOL.OL Growth Analysis

3.1 Past

  • The earnings per share for SPOL have decreased by -4.46% in the last year.
  • SPOL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.72% yearly.
EPS 1Y (TTM)-4.46%
EPS 3Y16.98%
EPS 5Y13.72%
EPS Q2Q%23.85%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%16.64%

3.2 Future

  • Based on estimates for the next years, SPOL will show a decrease in Earnings Per Share. The EPS will decrease by -2.77% on average per year.
  • Based on estimates for the next years, SPOL will show a small growth in Revenue. The Revenue will grow by 2.20% on average per year.
EPS Next Y-7.7%
EPS Next 2Y-1.74%
EPS Next 3Y-2.77%
EPS Next 5YN/A
Revenue Next Year-1.12%
Revenue Next 2Y1.13%
Revenue Next 3Y2.2%
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 decreasing.
SPOL.OL Yearly Revenue VS EstimatesSPOL.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
SPOL.OL Yearly EPS VS EstimatesSPOL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15

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4

4. SPOL.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.50, the valuation of SPOL can be described as reasonable.
  • SPOL's Price/Earnings ratio is a bit more expensive when compared to the industry. SPOL is more expensive than 63.79% of the companies in the same industry.
  • SPOL is valuated cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
  • SPOL is valuated correctly with a Price/Forward Earnings ratio of 12.46.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SPOL indicates a slightly more expensive valuation: SPOL is more expensive than 72.41% of the companies listed in the same industry.
  • SPOL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.5
Fwd PE 12.46
SPOL.OL Price Earnings VS Forward Price EarningsSPOL.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPOL indicates a rather cheap valuation: SPOL is cheaper than 86.21% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.73
EV/EBITDA N/A
SPOL.OL Per share dataSPOL.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • SPOL's earnings are expected to decrease with -2.77% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y-1.74%
EPS Next 3Y-2.77%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. SPOL.OL Dividend Analysis

5.1 Amount

  • SPOL has a Yearly Dividend Yield of 6.00%, which is a nice return.
  • SPOL's Dividend Yield is a higher than the industry average which is at 4.56.
  • Compared to an average S&P500 Dividend Yield of 1.82, SPOL pays a better dividend.
Industry RankSector Rank
Dividend Yield 6%

5.2 History

  • On average, the dividend of SPOL grows each year by 11.05%, which is quite nice.
Dividend Growth(5Y)11.05%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 78.58% of the earnings are spent on dividend by SPOL. This is not a sustainable payout ratio.
  • The Dividend Rate of SPOL has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP78.58%
EPS Next 2Y-1.74%
EPS Next 3Y-2.77%
SPOL.OL Yearly Income VS Free CF VS DividendSPOL.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B 6B
SPOL.OL Dividend Payout.SPOL.OL Dividend Payout, showing the Payout Ratio.SPOL.OL Dividend Payout.PayoutRetained Earnings

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SPOL.OL Fundamentals: All Metrics, Ratios and Statistics

SPAREBANK 1 OESTLANDET

OSL:SPOL (3/12/2026, 4:19:58 PM)

209.25

-2.75 (-1.3%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-13
Earnings (Next)05-08
Inst Owners11.38%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap28.43B
Revenue(TTM)N/A
Net Income(TTM)2.42B
Analysts46.67
Price Target196.52 (-6.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6%
Yearly Dividend10.23
Dividend Growth(5Y)11.05%
DP78.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.75%
Min EPS beat(2)6.35%
Max EPS beat(2)15.15%
EPS beat(4)4
Avg EPS beat(4)8.07%
Min EPS beat(4)4.36%
Max EPS beat(4)15.15%
EPS beat(8)6
Avg EPS beat(8)10.1%
EPS beat(12)7
Avg EPS beat(12)3.19%
EPS beat(16)8
Avg EPS beat(16)0.53%
Revenue beat(2)2
Avg Revenue beat(2)7.48%
Min Revenue beat(2)6.76%
Max Revenue beat(2)8.2%
Revenue beat(4)4
Avg Revenue beat(4)5.62%
Min Revenue beat(4)0.35%
Max Revenue beat(4)8.2%
Revenue beat(8)7
Avg Revenue beat(8)7.53%
Revenue beat(12)9
Avg Revenue beat(12)5.41%
Revenue beat(16)13
Avg Revenue beat(16)6.33%
PT rev (1m)2.85%
PT rev (3m)4.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.93%
EPS NY rev (1m)0%
EPS NY rev (3m)4.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.86%
Revenue NY rev (1m)-3.83%
Revenue NY rev (3m)0.39%
Valuation
Industry RankSector Rank
PE 11.5
Fwd PE 12.46
P/S 3.41
P/FCF 2.73
P/OCF 2.64
P/B 1.06
P/tB 1.12
EV/EBITDA N/A
EPS(TTM)18.2
EY8.7%
EPS(NY)16.8
Fwd EY8.03%
FCF(TTM)76.7
FCFY36.65%
OCF(TTM)79.16
OCFY37.83%
SpS61.34
BVpS196.5
TBVpS186.19
PEG (NY)N/A
PEG (5Y)0.84
Graham Number283.67
Profitability
Industry RankSector Rank
ROA 1.13%
ROE 9.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 29%
GM N/A
FCFM 125.05%
ROA(3y)0.91%
ROA(5y)0.88%
ROE(3y)7.72%
ROE(5y)7.43%
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 3Y-0.06%
PM growth 5Y-0.09%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 1.72
Debt/FCF 4.4
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 4.02%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 431.2%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC6.19%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.46%
EPS 3Y16.98%
EPS 5Y13.72%
EPS Q2Q%23.85%
EPS Next Y-7.7%
EPS Next 2Y-1.74%
EPS Next 3Y-2.77%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%16.64%
Revenue Next Year-1.12%
Revenue Next 2Y1.13%
Revenue Next 3Y2.2%
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 1Y127.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y130.84%
OCF growth 3YN/A
OCF growth 5YN/A

SPAREBANK 1 OESTLANDET / SPOL.OL FAQ

What is the ChartMill fundamental rating of SPAREBANK 1 OESTLANDET (SPOL.OL) stock?

ChartMill assigns a fundamental rating of 3 / 10 to SPOL.OL.


What is the valuation status of SPAREBANK 1 OESTLANDET (SPOL.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to SPAREBANK 1 OESTLANDET (SPOL.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for SPAREBANK 1 OESTLANDET?

SPAREBANK 1 OESTLANDET (SPOL.OL) has a profitability rating of 3 / 10.


What is the earnings growth outlook for SPAREBANK 1 OESTLANDET?

The Earnings per Share (EPS) of SPAREBANK 1 OESTLANDET (SPOL.OL) is expected to decline by -7.7% in the next year.


Can you provide the dividend sustainability for SPOL stock?

The dividend rating of SPAREBANK 1 OESTLANDET (SPOL.OL) is 6 / 10 and the dividend payout ratio is 78.58%.