How does 9MJ's PE Ratio compare to its peers?

9MJ is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (8.4x).

How does 9MJ's PE Ratio compare vs other companies in the European Banks Industry?

9MJ is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the European Banks industry average (7.6x).

What is 9MJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9MJ is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

What is the Fair Price of 9MJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

9MJ (€0.87) is trading below our estimate of [[fair value]] (€2.11)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

9MJ Stock Overview

Provides various banking products and services in Norway, Finland, Sweden, Germany, Spain, Austria, and France. More details

9MJ fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	1/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 58.8% below our estimate of its fair value

Earnings are forecast to grow 31.46% per year

Risk Analysis

Does not have a meaningful market cap (€950M)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Lea Bank ASA Competitors

Merkur PrivatBank KgaA

XTRA:MBK

€117.5m

ProCredit Holding

XTRA:PCZ

€454.7m

Commerzbank

XTRA:CBK

€18.6b

Bank of Africa Niger

BRVM:BOAN

XOF 54.0b

Price History & Performance

Summary of share price highs, lows and changes for Lea Bank
Historical stock prices
Current Share Price	NOK 0.87
52 Week High	NOK 0.87
52 Week Low	NOK 0.58
Beta	0.38
1 Month Change	10.83%
3 Month Change	40.32%
1 Year Change	33.85%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1.51%

Recent updates

Shareholder Returns

	9MJ	DE Banks	DE Market
7D	15.2%	1.3%	0.3%
1Y	33.8%	20.5%	6.9%

Return vs Industry: 9MJ exceeded the German Banks industry which returned 20.2% over the past year.

Return vs Market: 9MJ exceeded the German Market which returned 7.2% over the past year.

Price Volatility

Is 9MJ's price volatile compared to industry and market?
9MJ volatility
9MJ Average Weekly Movement	6.2%
Banks Industry Average Movement	3.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 9MJ has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 9MJ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	48	Oddbjorn Berentsen	www.leabank.no

Lea Bank ASA provides various banking products and services in Norway, Finland, Sweden, Germany, Spain, Austria, and France. It provides savings and deposit accounts; refinancing and consumer loans, as well as car loan without collateral; insurance products; credit cards loan; and other financial services. The company was formerly known as BRAbank ASA and changed its name to Lea bank ASA in May 2022.

Lea Bank ASA Fundamentals Summary

How do Lea Bank's earnings and revenue compare to its market cap?
9MJ fundamental statistics
Market cap	€80.20m
Earnings (TTM)	€7.77m
Revenue (TTM)	€26.84m

10.8x

P/E Ratio

0.7x

P/B Ratio

Is 9MJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9MJ income statement (TTM)
Revenue	NOK 318.01m
Cost of Revenue	NOK 0
Gross Profit	NOK 318.01m
Other Expenses	NOK 225.98m
Earnings	NOK 92.03m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.96
Gross Margin	100.00%
Net Profit Margin	28.94%
Debt/Equity Ratio	5.6%

How did 9MJ perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

57%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 16:39
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lea Bank ASA is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Vegard Toverud	Pareto Securities
Herman Zahl	Pareto Securities