Do DNB Bank's (OB:DNB) Earnings Warrant Your Attention?
Dec 17
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Norwegian (OSEAX) Financials Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies53
- 7D-1.8%
- 3M5.1%
- 1Y12.9%
- YTD11.8%
Over the last 7 days, the Financials industry has dropped 1.8%, driven by DNB Bank declining 2.3%. This takes the industry's 12 month performance to a gain of 13%. Earnings are forecast to be flat in the coming years.
Sector Valuation and Performance
Has the Norwegian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NOK 679.6b | NOK 296.3b | NOK 74.1b | 9.6x | 9.2x | 2.3x |
| Tue, 19 Nov 2024 | NOK 681.9b | NOK 295.9b | NOK 74.6b | 8.8x | 9.1x | 2.3x |
| Thu, 17 Oct 2024 | NOK 661.0b | NOK 274.0b | NOK 68.2b | 9.4x | 9.7x | 2.4x |
| Sat, 14 Sep 2024 | NOK 648.1b | NOK 277.1b | NOK 69.0b | 9.2x | 9.4x | 2.3x |
| Mon, 12 Aug 2024 | NOK 633.3b | NOK 276.3b | NOK 71.2b | 9.1x | 8.9x | 2.3x |
| Wed, 10 Jul 2024 | NOK 628.5b | NOK 272.0b | NOK 65.5b | 9.1x | 9.6x | 2.3x |
| Fri, 07 Jun 2024 | NOK 633.6b | NOK 271.4b | NOK 65.5b | 9.1x | 9.7x | 2.3x |
| Sun, 05 May 2024 | NOK 614.7b | NOK 269.2b | NOK 64.8b | 9.5x | 9.5x | 2.3x |
| Tue, 02 Apr 2024 | NOK 624.3b | NOK 249.2b | NOK 65.4b | 9.2x | 9.5x | 2.5x |
| Thu, 29 Feb 2024 | NOK 620.8b | NOK 264.3b | NOK 65.7b | 8.9x | 9.4x | 2.3x |
| Sat, 27 Jan 2024 | NOK 628.2b | NOK 296.8b | NOK 63.6b | 9.5x | 9.9x | 2.1x |
| Mon, 25 Dec 2023 | NOK 618.4b | NOK 296.9b | NOK 64.9b | 9.2x | 9.5x | 2.1x |
| Wed, 22 Nov 2023 | NOK 603.5b | NOK 296.9b | NOK 65.0b | 8.8x | 9.3x | 2x |
| Fri, 20 Oct 2023 | NOK 596.8b | NOK 287.2b | NOK 62.2b | 9.4x | 9.6x | 2.1x |
| Sun, 17 Sep 2023 | NOK 620.9b | NOK 287.0b | NOK 62.3b | 9.3x | 10x | 2.2x |
| Tue, 15 Aug 2023 | NOK 608.9b | NOK 285.4b | NOK 62.5b | 9.7x | 9.7x | 2.1x |
| Thu, 13 Jul 2023 | NOK 583.0b | NOK 221.0b | NOK 58.4b | 9.8x | 10x | 2.6x |
| Sat, 10 Jun 2023 | NOK 584.3b | NOK 220.3b | NOK 58.5b | 9.8x | 10x | 2.7x |
| Mon, 08 May 2023 | NOK 570.4b | NOK 184.1b | NOK 58.2b | 10.5x | 9.8x | 3.1x |
| Wed, 05 Apr 2023 | NOK 570.0b | NOK 174.7b | NOK 53.8b | 10.3x | 10.6x | 3.3x |
| Fri, 03 Mar 2023 | NOK 616.0b | NOK 174.7b | NOK 53.9b | 10.7x | 11.4x | 3.5x |
| Sun, 29 Jan 2023 | NOK 574.5b | NOK 175.6b | NOK 48.8b | 11.1x | 11.8x | 3.3x |
| Tue, 27 Dec 2022 | NOK 585.3b | NOK 175.7b | NOK 49.9b | 11.1x | 11.7x | 3.3x |
| Thu, 24 Nov 2022 | NOK 573.4b | NOK 175.5b | NOK 50.1b | 9.9x | 11.5x | 3.3x |
| Sat, 22 Oct 2022 | NOK 545.0b | NOK 183.7b | NOK 48.9b | 10.4x | 11.2x | 3x |
| Mon, 19 Sep 2022 | NOK 561.7b | NOK 183.3b | NOK 49.3b | 10.6x | 11.4x | 3.1x |
| Wed, 17 Aug 2022 | NOK 600.6b | NOK 182.4b | NOK 50.3b | 11.8x | 11.9x | 3.3x |
| Fri, 15 Jul 2022 | NOK 562.2b | NOK 229.3b | NOK 51.2b | 10.9x | 11x | 2.5x |
| Sun, 12 Jun 2022 | NOK 569.5b | NOK 225.2b | NOK 48.7b | 11.5x | 11.7x | 2.5x |
| Tue, 10 May 2022 | NOK 553.3b | NOK 224.9b | NOK 48.6b | 11.1x | 11.4x | 2.5x |
| Thu, 07 Apr 2022 | NOK 620.3b | NOK 267.3b | NOK 49.5b | 12.2x | 12.5x | 2.3x |
| Sat, 05 Mar 2022 | NOK 617.3b | NOK 270.9b | NOK 51.2b | 11.7x | 12.1x | 2.3x |
| Mon, 31 Jan 2022 | NOK 738.4b | NOK 265.4b | NOK 52.6b | 12.2x | 14x | 2.8x |
| Wed, 29 Dec 2021 | NOK 400.3b | NOK 210.0b | NOK 28.3b | 11.8x | 14.2x | 1.9x |
Price to Earnings Ratio
14.2x
Current Industry PE
- Investors are pessimistic on the Norwegian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.2x which is lower than its 3-year average PE of 10.6x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Financials sector?
| NO Market | -2.76% | |
| Financials | -1.77% | |
| Consumer Finance | 1.61% | |
| Diversified Financial | 0.40% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -0.05% | |
| Insurance | -1.69% | |
| Banks | -1.86% | |
Industry PE
- Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 15.8x.
- Analysts are expecting annual earnings growth of 5.1%, which is lower than the prior year's growth of 35.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 36% per year.
- In contrast, the Banks industry is expected to see its earnings decline by 2.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SVEG Sparebanken Vest | NOK 137.90 | 0.7% +NOK 98.7m | 30.6% | PB0.6x | |
| ROGS Rogaland Sparebank | NOK 124.48 | 2.4% +NOK 65.6m | 39.9% | PB0.7x | |
| MORG Sparebanken Møre | NOK 93.21 | 1.4% +NOK 63.1m | 15.1% | PB0.5x | |
| SPOG Sparebanken Øst | NOK 69.70 | 4.2% +NOK 58.0m | 41.4% | PB0.3x | |
| B2I B2 Impact | NOK 10.04 | 1.5% +NOK 55.3m | 38.3% | PE11.5x |
