Morrow Bank Valuation

Is KBN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate KBN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KBN's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KBN?

Key metric: As KBN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KBN. This is calculated by dividing KBN's market cap by their current earnings.
What is KBN's PE Ratio?
PE Ratio	12.5x
Earnings	NOK 165.20m
Market Cap	NOK 2.07b

KBN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.3x

Price to Earnings Ratio vs Peers

How does KBN's PE Ratio compare to its peers?

The above table shows the PE ratio for KBN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	6.8x
MBK Merkur PrivatBank KgaA	9.9x	8.6%	€105.8m
PCZ ProCredit Holding	4.4x	12.2%	€455.9m
CBK Commerzbank	8.4x	8.8%	€17.8b
TRUSTBANK Trust Bank	4.7x	n/a	৳20.5b
KBN Morrow Bank	12.5x	37.2%	€2.1b

Price-To-Earnings vs Peers: KBN is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (6.8x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KBN is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the European Banks industry average (7.5x).

Price to Earnings Ratio vs Fair Ratio

What is KBN'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.

KBN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.5x
Fair PE Ratio	13.7x

Price-To-Earnings vs Fair Ratio: KBN is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.