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 Ratio12.5x
EarningsNOK 165.20m
Market CapNOK 2.07b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.8x
MBK Merkur PrivatBank KgaA
9.9x8.6%€105.8m
PCZ ProCredit Holding
4.4x12.2%€455.9m
CBK Commerzbank
8.4x8.8%€17.8b
TRUSTBANK Trust Bank
4.7xn/a৳20.5b
KBN Morrow Bank
12.5x37.2%€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 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KBN 12.5xIndustry Avg. 7.5xNo. of Companies43PE0612182430+
2 CompaniesEstimated GrowthMarket 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 Ratio12.5x
Fair PE Ratio13.7x

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.


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