SPAREBANKEN VEST (SVEG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:SVEG - NO0006000900 - Common Stock
141.72 NOK
+4.74 (+3.46%)
We assign a fundamental rating of 3 out of 10 to SVEG. SVEG was compared to 114 industry peers in the Banks industry. SVEG has a bad profitability rating. Also its financial health evaluation is rather negative. SVEG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- SVEG had positive earnings in the past year.
- In the past year SVEG had a positive cash flow from operations.
- SVEG had positive earnings in each of the past 5 years.
- Each year in the past 5 years SVEG had a positive operating cash flow.
1.2 Ratios
- SVEG has a Return On Assets of 0.56%. This is comparable to the rest of the industry: SVEG outperforms 43.75% of its industry peers.
- Looking at the Return On Equity, with a value of 7.25%, SVEG is doing worse than 63.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 7.25% | ||
| ROIC | N/A |
ROA(3y)0.49%
ROA(5y)0.45%
ROE(3y)6.19%
ROE(5y)5.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- SVEG has a better Profit Margin (23.27%) than 60.42% of its industry peers.
- SVEG's Profit Margin has improved in the last couple of years.
- The Operating Margin and Gross Margin are not available for SVEG so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 23.27% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y12.59%
PM growth 5Y16.7%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- SVEG does not have a ROIC to compare to the WACC, probably because it is not profitable.
- The number of shares outstanding for SVEG remains at a similar level compared to 1 year ago.
- SVEG has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SVEG has a worse debt to assets ratio.
2.2 Solvency
- SVEG has a debt to FCF ratio of 39.73. This is a negative value and a sign of low solvency as SVEG would need 39.73 years to pay back of all of its debts.
- SVEG has a Debt to FCF ratio of 39.73. This is in the better half of the industry: SVEG outperforms 75.00% of its industry peers.
- SVEG has a Debt/Equity ratio of 6.63. This is a high value indicating a heavy dependency on external financing.
- SVEG has a worse Debt to Equity ratio (6.63) than 88.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.63 | ||
| Debt/FCF | 39.73 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC5.04%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- SVEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.49%, which is quite impressive.
- SVEG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.42% yearly.
- Looking at the last year, SVEG shows a decrease in Revenue. The Revenue has decreased by -2.96% in the last year.
- Measured over the past years, SVEG shows a quite strong growth in Revenue. The Revenue has been growing by 10.96% on average per year.
EPS 1Y (TTM)30.49%
EPS 3Y22.09%
EPS 5Y17.42%
EPS Q2Q%7.5%
Revenue 1Y (TTM)-2.96%
Revenue growth 3Y9.69%
Revenue growth 5Y10.96%
Sales Q2Q%12.54%
3.2 Future
- Based on estimates for the next years, SVEG will show a decrease in Earnings Per Share. The EPS will decrease by -1.44% on average per year.
- Based on estimates for the next years, SVEG will show a quite strong growth in Revenue. The Revenue will grow by 18.89% on average per year.
EPS Next Y-10.92%
EPS Next 2Y-6.15%
EPS Next 3Y-1.44%
EPS Next 5YN/A
Revenue Next Year44.05%
Revenue Next 2Y27.62%
Revenue Next 3Y18.89%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 8.51, the valuation of SVEG can be described as reasonable.
- SVEG's Price/Earnings ratio is a bit cheaper when compared to the industry. SVEG is cheaper than 63.54% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.60, SVEG is valued rather cheaply.
- SVEG is valuated reasonably with a Price/Forward Earnings ratio of 9.55.
- SVEG's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of SVEG to the average of the S&P500 Index (25.83), we can say SVEG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.51 | ||
| Fwd PE | 9.55 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, SVEG is valued cheaply inside the industry as 85.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.57 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-6.15%
EPS Next 3Y-1.44%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.08%, SVEG is a good candidate for dividend investing.
- SVEG's Dividend Yield is a higher than the industry average which is at 3.93.
- Compared to an average S&P500 Dividend Yield of 1.82, SVEG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
5.2 History
- The dividend of SVEG is nicely growing with an annual growth rate of 42.04%!
Dividend Growth(5Y)42.04%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- SVEG pays out 141.25% of its income as dividend. This is not a sustainable payout ratio.
- SVEG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP141.25%
EPS Next 2Y-6.15%
EPS Next 3Y-1.44%
SPAREBANKEN VEST / SVEG.OL FAQ
What is the fundamental rating for SVEG stock?
ChartMill assigns a fundamental rating of 3 / 10 to SVEG.OL.
What is the valuation status for SVEG stock?
ChartMill assigns a valuation rating of 5 / 10 to SPAREBANKEN VEST (SVEG.OL). This can be considered as Fairly Valued.
What is the profitability of SVEG stock?
SPAREBANKEN VEST (SVEG.OL) has a profitability rating of 3 / 10.
Can you provide the financial health for SVEG stock?
The financial health rating of SPAREBANKEN VEST (SVEG.OL) is 1 / 10.
Is the dividend of SPAREBANKEN VEST sustainable?
The dividend rating of SPAREBANKEN VEST (SVEG.OL) is 6 / 10 and the dividend payout ratio is 141.25%.