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TROENDELAG SPA (TRSB.OL) Stock Fundamental Analysis

Europe - OSL:TRSB - NO0010788268 - Common Stock

111 NOK
-1.12 (-1%)
Last: 10/28/2025, 7:00:00 PM
Fundamental Rating

2

Overall TRSB gets a fundamental rating of 2 out of 10. We evaluated TRSB against 97 industry peers in the Banks industry. Both the profitability and financial health of TRSB have multiple concerns. TRSB is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

TRSB had positive earnings in the past year.
TRSB.OL Yearly Net Income VS EBIT VS OCF VS FCFTRSB.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2022 2023 2024 0 -200M -400M -600M -800M

1.2 Ratios

The Return On Assets of TRSB (0.37%) is worse than 79.38% of its industry peers.
The Return On Equity of TRSB (3.18%) is worse than 77.32% of its industry peers.
Industry RankSector Rank
ROA 0.37%
ROE 3.18%
ROIC N/A
ROA(3y)0.32%
ROA(5y)N/A
ROE(3y)2.72%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TRSB.OL Yearly ROA, ROE, ROICTRSB.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2022 2023 2024 1 2 3

1.3 Margins

TRSB's Profit Margin of 11.37% is on the low side compared to the rest of the industry. TRSB is outperformed by 82.47% of its industry peers.
The Operating Margin and Gross Margin are not available for TRSB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 11.37%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TRSB.OL Yearly Profit, Operating, Gross MarginsTRSB.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023 2024 2 4 6 8 10

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0

2. Health

2.1 Basic Checks

TRSB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for TRSB remains at a similar level compared to 1 year ago.
TRSB has a worse debt/assets ratio than last year.
TRSB.OL Yearly Shares OutstandingTRSB.OL Yearly Shares OutstandingYearly Shares Outstanding 2022 2023 2024 1M 2M 3M 4M
TRSB.OL Yearly Total Debt VS Total AssetsTRSB.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

A Debt/Equity ratio of 1.90 is on the high side and indicates that TRSB has dependencies on debt financing.
TRSB has a Debt to Equity ratio of 1.90. This is comparable to the rest of the industry: TRSB outperforms 56.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC6%
TRSB.OL Yearly LT Debt VS Equity VS FCFTRSB.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2022 2023 2024 0 500M -500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
TRSB.OL Yearly Current Assets VS Current LiabilitesTRSB.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2022 2023 2024 5M 10M 15M

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3

3. Growth

3.1 Past

TRSB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.22%, which is quite impressive.
The Revenue has grown by 12.23% in the past year. This is quite good.
EPS 1Y (TTM)28.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)12.23%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to grow by 7.33% on average over the next years.
Based on estimates for the next years, TRSB will show a small growth in Revenue. The Revenue will grow by 2.57% on average per year.
EPS Next Y31.26%
EPS Next 2Y15.17%
EPS Next 3Y7.33%
EPS Next 5YN/A
Revenue Next Year4.39%
Revenue Next 2Y4.1%
Revenue Next 3Y2.57%
Revenue Next 5YN/A

3.3 Evolution

TRSB.OL Yearly Revenue VS EstimatesTRSB.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 100M 200M 300M
TRSB.OL Yearly EPS VS EstimatesTRSB.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2 4 6 8

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.86, which indicates a very decent valuation of TRSB.
Compared to the rest of the industry, the Price/Earnings ratio of TRSB indicates a slightly more expensive valuation: TRSB is more expensive than 70.10% of the companies listed in the same industry.
TRSB is valuated cheaply when we compare the Price/Earnings ratio to 27.00, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.35, which indicates a very decent valuation of TRSB.
Based on the Price/Forward Earnings ratio, TRSB is valued a bit more expensive than 63.92% of the companies in the same industry.
TRSB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.87, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.86
Fwd PE 11.35
TRSB.OL Price Earnings VS Forward Price EarningsTRSB.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TRSB.OL Per share dataTRSB.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

TRSB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y15.17%
EPS Next 3Y7.33%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.23%, TRSB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.83, TRSB has a dividend in line with its industry peers.
TRSB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
Industry RankSector Rank
Dividend Yield 4.23%

5.2 History

Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

DPN/A
EPS Next 2Y15.17%
EPS Next 3Y7.33%
TRSB.OL Yearly Income VS Free CF VS DividendTRSB.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2022 2023 2024 0 -200M -400M -600M -800M

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TROENDELAG SPA

OSL:TRSB (10/28/2025, 7:00:00 PM)

111

-1.12 (-1%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-14 2025-02-14/bmo
Earnings (Next)N/A N/A
Inst Owners2.37%
Inst Owner ChangeN/A
Ins Owners3.23%
Ins Owner ChangeN/A
Market Cap530.58M
Revenue(TTM)317.78M
Net Income(TTM)36.14M
Analysts37.78
Price Target105.06 (-5.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.23%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.72%
Min Revenue beat(2)-5.84%
Max Revenue beat(2)13.29%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 11.86
Fwd PE 11.35
P/S 1.67
P/FCF N/A
P/OCF N/A
P/B 0.47
P/tB 0.48
EV/EBITDA N/A
EPS(TTM)9.36
EY8.43%
EPS(NY)9.78
Fwd EY8.81%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS66.48
BVpS237.41
TBVpS233.08
PEG (NY)0.38
PEG (5Y)N/A
Graham Number223.61
Profitability
Industry RankSector Rank
ROA 0.37%
ROE 3.18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 11.37%
GM N/A
FCFM N/A
ROA(3y)0.32%
ROA(5y)N/A
ROE(3y)2.72%
ROE(5y)N/A
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 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-ScoreN/A
WACC6%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)8.94%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)28.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y31.26%
EPS Next 2Y15.17%
EPS Next 3Y7.33%
EPS Next 5YN/A
Revenue 1Y (TTM)12.23%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year4.39%
Revenue Next 2Y4.1%
Revenue Next 3Y2.57%
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 1Y75.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y78.19%
OCF growth 3YN/A
OCF growth 5YN/A

TROENDELAG SPA / TRSB.OL FAQ

Can you provide the ChartMill fundamental rating for TROENDELAG SPA?

ChartMill assigns a fundamental rating of 2 / 10 to TRSB.OL.


What is the valuation status for TRSB stock?

ChartMill assigns a valuation rating of 4 / 10 to TROENDELAG SPA (TRSB.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for TROENDELAG SPA?

TROENDELAG SPA (TRSB.OL) has a profitability rating of 0 / 10.


What is the expected EPS growth for TROENDELAG SPA (TRSB.OL) stock?

The Earnings per Share (EPS) of TROENDELAG SPA (TRSB.OL) is expected to grow by 31.26% in the next year.