TROENDELAG SPA (TRSB.OL) Stock Fundamental Analysis

OSL:TRSB • NO0010788268

111.9 NOK
-1.1 (-0.97%)
Last: Feb 24, 2026, 07:00 PM
Fundamental Rating

2

TRSB gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 106 industry peers in the Banks industry. TRSB has a bad profitability rating. Also its financial health evaluation is rather negative. TRSB has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

  • In the past year TRSB was profitable.
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

  • With a Return On Assets value of 0.41%, TRSB is not doing good in the industry: 81.13% of the companies in the same industry are doing better.
  • TRSB has a worse Return On Equity (3.52%) than 78.30% of its industry peers.
Industry RankSector Rank
ROA 0.41%
ROE 3.52%
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

  • With a Profit Margin value of 12.03%, TRSB is not doing good in the industry: 89.62% of the companies in the same industry are doing better.
  • TRSB 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) 12.03%
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

0

2. Health

2.1 Basic Checks

  • TRSB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, TRSB has about the same amount of shares outstanding.
  • 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

  • TRSB has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
  • TRSB has a Debt to Equity ratio (1.99) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC6.31%
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

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.
  • TRSB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.23%.
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

  • Based on estimates for the next years, TRSB will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.80% on average per year.
  • Based on estimates for the next years, TRSB will show a small growth in Revenue. The Revenue will grow by 6.27% on average per year.
EPS Next Y12.59%
EPS Next 2Y10.26%
EPS Next 3Y9.8%
EPS Next 5YN/A
Revenue Next Year6.92%
Revenue Next 2Y6.65%
Revenue Next 3Y6.27%
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

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.89, the valuation of TRSB can be described as very cheap.
  • 89.62% of the companies in the same industry are more expensive than TRSB, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of TRSB to the average of the S&P500 Index (27.07), we can say TRSB is valued rather cheaply.
  • A Price/Forward Earnings ratio of 12.48 indicates a correct valuation of TRSB.
  • Based on the Price/Forward Earnings ratio, TRSB is valued a bit more expensive than the industry average as 67.92% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. TRSB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.89
Fwd PE 12.48
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)0.63
PEG (5Y)N/A
EPS Next 2Y10.26%
EPS Next 3Y9.8%

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.47%, TRSB is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.33, TRSB has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, TRSB pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.47%

5.2 History

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

5.3 Sustainability

DPN/A
EPS Next 2Y10.26%
EPS Next 3Y9.8%
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

TROENDELAG SPA

OSL:TRSB (2/24/2026, 7:00:00 PM)

111.9

-1.1 (-0.97%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-13
Earnings (Next)N/A
Inst Owners3.82%
Inst Owner ChangeN/A
Ins Owners3.23%
Ins Owner ChangeN/A
Market Cap534.88M
Revenue(TTM)337.28M
Net Income(TTM)40.59M
Analysts37.78
Price Target105.06 (-6.11%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.47%
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)2
Avg Revenue beat(2)10.45%
Min Revenue beat(2)7.61%
Max Revenue beat(2)13.29%
Revenue beat(4)2
Avg Revenue beat(4)3.56%
Min Revenue beat(4)-5.84%
Max Revenue beat(4)13.29%
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)0%
EPS NQ rev (3m)-35.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-14.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.51%
Revenue NY rev (1m)2.42%
Revenue NY rev (3m)2.42%
Valuation
Industry RankSector Rank
PE 7.89
Fwd PE 12.48
P/S 1.59
P/FCF N/A
P/OCF N/A
P/B 0.46
P/tB 0.48
EV/EBITDA N/A
EPS(TTM)14.19
EY12.68%
EPS(NY)8.97
Fwd EY8.01%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS70.56
BVpS241.07
TBVpS232.75
PEG (NY)0.63
PEG (5Y)N/A
Graham Number277.43
Profitability
Industry RankSector Rank
ROA 0.41%
ROE 3.52%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 12.03%
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 1.99
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
WACC6.31%
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 Y12.59%
EPS Next 2Y10.26%
EPS Next 3Y9.8%
EPS Next 5YN/A
Revenue 1Y (TTM)12.23%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year6.92%
Revenue Next 2Y6.65%
Revenue Next 3Y6.27%
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.


Can you provide the valuation status for TROENDELAG SPA?

ChartMill assigns a valuation rating of 5 / 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.


Can you provide the financial health for TRSB stock?

The financial health rating of TROENDELAG SPA (TRSB.OL) is 0 / 10.