Logo image of VVL.OL

VEKSELBANKEN (VVL.OL) Stock Fundamental Analysis

OSL:VVL - NO0003025009 - Common Stock

380 NOK
0 (0%)
Last: 9/5/2025, 7:00:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VVL. VVL was compared to 89 industry peers in the Banks industry. There are concerns on the financial health of VVL while its profitability can be described as average. VVL has a decent growth rate and is not valued too expensively. VVL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

VVL had positive earnings in the past year.
In the past year VVL had a positive cash flow from operations.
Each year in the past 5 years VVL has been profitable.
VVL had a positive operating cash flow in 4 of the past 5 years.
VVL.OL Yearly Net Income VS EBIT VS OCF VS FCFVVL.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 -200M -400M

1.2 Ratios

VVL's Return On Assets of 1.30% is amongst the best of the industry. VVL outperforms 87.50% of its industry peers.
The Return On Equity of VVL (10.64%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.3%
ROE 10.64%
ROIC N/A
ROA(3y)1.12%
ROA(5y)0.94%
ROE(3y)9.54%
ROE(5y)8.22%
ROIC(3y)N/A
ROIC(5y)N/A
VVL.OL Yearly ROA, ROE, ROICVVL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

VVL's Profit Margin of 43.04% is amongst the best of the industry. VVL outperforms 95.83% of its industry peers.
VVL's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for VVL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 43.04%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.59%
PM growth 5Y1.42%
GM growth 3YN/A
GM growth 5YN/A
VVL.OL Yearly Profit, Operating, Gross MarginsVVL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

More info and screens

3

2. Health

2.1 Basic Checks

VVL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for VVL remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VVL has about the same amount of shares outstanding.
The debt/assets ratio for VVL has been reduced compared to a year ago.
VVL.OL Yearly Shares OutstandingVVL.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500K 1M 1.5M 2M
VVL.OL Yearly Total Debt VS Total AssetsVVL.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

VVL has a debt to FCF ratio of 14.07. This is a negative value and a sign of low solvency as VVL would need 14.07 years to pay back of all of its debts.
VVL has a better Debt to FCF ratio (14.07) than 82.29% of its industry peers.
A Debt/Equity ratio of 1.27 is on the high side and indicates that VVL has dependencies on debt financing.
With a decent Debt to Equity ratio value of 1.27, VVL is doing good in the industry, outperforming 69.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 14.07
Altman-Z N/A
ROIC/WACCN/A
WACC5.91%
VVL.OL Yearly LT Debt VS Equity VS FCFVVL.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 500M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
VVL.OL Yearly Current Assets VS Current LiabilitesVVL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

More info and screens

4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 3.70% over the past year.
Measured over the past years, VVL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.52% on average per year.
VVL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.94%.
The Revenue has been growing by 11.29% on average over the past years. This is quite good.
EPS 1Y (TTM)3.7%
EPS 3Y24.65%
EPS 5Y10.52%
EPS Q2Q%13.76%
Revenue 1Y (TTM)8.94%
Revenue growth 3Y20.31%
Revenue growth 5Y11.29%
Sales Q2Q%1.6%

3.2 Future

The Earnings Per Share is expected to grow by 3.55% on average over the next years.
Based on estimates for the next years, VVL will show a small growth in Revenue. The Revenue will grow by 5.58% on average per year.
EPS Next Y-4.61%
EPS Next 2Y0.23%
EPS Next 3Y3.55%
EPS Next 5YN/A
Revenue Next Year5.07%
Revenue Next 2Y5.25%
Revenue Next 3Y5.58%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VVL.OL Yearly Revenue VS EstimatesVVL.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
VVL.OL Yearly EPS VS EstimatesVVL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10 20 30 40

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 9.54, the valuation of VVL can be described as reasonable.
VVL's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of VVL to the average of the S&P500 Index (27.06), we can say VVL is valued rather cheaply.
The Price/Forward Earnings ratio is 9.72, which indicates a very decent valuation of VVL.
VVL's Price/Forward Earnings ratio is in line with the industry average.
VVL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.69.
Industry RankSector Rank
PE 9.54
Fwd PE 9.72
VVL.OL Price Earnings VS Forward Price EarningsVVL.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

71.88% of the companies in the same industry are more expensive than VVL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.7
EV/EBITDA N/A
VVL.OL Per share dataVVL.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.91
EPS Next 2Y0.23%
EPS Next 3Y3.55%

More info and screens

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.34%, VVL is a good candidate for dividend investing.
VVL's Dividend Yield is comparable with the industry average which is at 5.09.
VVL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
Industry RankSector Rank
Dividend Yield 4.34%

5.2 History

On average, the dividend of VVL grows each year by 15.20%, which is quite nice.
Dividend Growth(5Y)15.2%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

36.79% of the earnings are spent on dividend by VVL. This is a low number and sustainable payout ratio.
The dividend of VVL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP36.79%
EPS Next 2Y0.23%
EPS Next 3Y3.55%
VVL.OL Yearly Income VS Free CF VS DividendVVL.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 -200M -400M
VVL.OL Dividend Payout.VVL.OL Dividend Payout, showing the Payout Ratio.VVL.OL Dividend Payout.PayoutRetained Earnings

More info and screens

VEKSELBANKEN

OSL:VVL (9/5/2025, 7:00:00 PM)

380

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)08-13 2025-08-13/bmo
Earnings (Next)N/A N/A
Inst Owners8.56%
Inst Owner ChangeN/A
Ins Owners4.08%
Ins Owner ChangeN/A
Market Cap843.60M
Analysts80
Price Target404.94 (6.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.34%
Yearly Dividend14.16
Dividend Growth(5Y)15.2%
DP36.79%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.44%
Min EPS beat(2)-19.66%
Max EPS beat(2)-15.22%
EPS beat(4)1
Avg EPS beat(4)-5.52%
Min EPS beat(4)-19.66%
Max EPS beat(4)20.92%
EPS beat(8)4
Avg EPS beat(8)-0.06%
EPS beat(12)7
Avg EPS beat(12)0.44%
EPS beat(16)8
Avg EPS beat(16)-1.79%
Revenue beat(2)0
Avg Revenue beat(2)-17.65%
Min Revenue beat(2)-23.96%
Max Revenue beat(2)-11.33%
Revenue beat(4)0
Avg Revenue beat(4)-15.79%
Min Revenue beat(4)-23.96%
Max Revenue beat(4)-11.33%
Revenue beat(8)2
Avg Revenue beat(8)-6.9%
Revenue beat(12)6
Avg Revenue beat(12)-0.24%
Revenue beat(16)8
Avg Revenue beat(16)0.22%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.41%
EPS NY rev (1m)-8.79%
EPS NY rev (3m)-8.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.89%
Valuation
Industry RankSector Rank
PE 9.54
Fwd PE 9.72
P/S 4.28
P/FCF 11.7
P/OCF 11.02
P/B 1.06
P/tB 1.06
EV/EBITDA N/A
EPS(TTM)39.85
EY10.49%
EPS(NY)39.09
Fwd EY10.29%
FCF(TTM)32.47
FCFY8.54%
OCF(TTM)34.49
OCFY9.08%
SpS88.74
BVpS359.04
TBVpS359.04
PEG (NY)N/A
PEG (5Y)0.91
Profitability
Industry RankSector Rank
ROA 1.3%
ROE 10.64%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 43.04%
GM N/A
FCFM 36.59%
ROA(3y)1.12%
ROA(5y)0.94%
ROE(3y)9.54%
ROE(5y)8.22%
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 3Y4.59%
PM growth 5Y1.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 14.07
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 2.28%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 85.02%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC5.91%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.12%
Cap/Sales(5y)0.69%
Profit Quality(3y)192.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.7%
EPS 3Y24.65%
EPS 5Y10.52%
EPS Q2Q%13.76%
EPS Next Y-4.61%
EPS Next 2Y0.23%
EPS Next 3Y3.55%
EPS Next 5YN/A
Revenue 1Y (TTM)8.94%
Revenue growth 3Y20.31%
Revenue growth 5Y11.29%
Sales Q2Q%1.6%
Revenue Next Year5.07%
Revenue Next 2Y5.25%
Revenue Next 3Y5.58%
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 1Y-40.8%
FCF growth 3YN/A
FCF growth 5Y24.51%
OCF growth 1Y-37.69%
OCF growth 3YN/A
OCF growth 5Y23.56%