SpareBank 1 SMN

BATS-CHIXE:MINGO Stock Report

Market Cap: NOK 24.0b

SpareBank 1 SMN Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 MINGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MINGO (NOK158.39) is trading below our estimate of fair value (NOK331.91)

Significantly Below Fair Value: MINGO is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MINGO 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MINGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.6x
TBCG TBC Bank Group
4.9x16.8%UK£1.7b
BGEO Bank of Georgia Group
3.4x-1.8%UK£2.1b
HSBK Halyk Bank of Kazakhstan
3.7xn/aUS$5.3b
TCS TCS Group Holding
6.5xn/aUS$5.1b
MINGO SpareBank 1 SMN
7.9x5.5%NOK 24.0b

Price-To-Earnings vs Peers: MINGO is expensive based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (4.6x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.9%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.9%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: MINGO is expensive based on its Price-To-Earnings Ratio (7.9x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is MINGO'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.

MINGO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MINGO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst MINGO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 173.75
0%
3.1%NOK 180.00NOK 165.00n/a4
Nov ’25n/a
NOK 173.75
0%
3.1%NOK 180.00NOK 165.00n/a4
Oct ’25n/a
NOK 169.25
0%
2.6%NOK 175.00NOK 165.00n/a4
Sep ’25n/a
NOK 168.00
0%
2.5%NOK 175.00NOK 165.00n/a4
Aug ’25n/a
NOK 166.75
0%
3.2%NOK 175.00NOK 160.00n/a4
Jul ’25n/a
NOK 164.25
0%
1.6%NOK 167.00NOK 160.00n/a4
Jun ’25n/a
NOK 164.25
0%
1.6%NOK 167.00NOK 160.00n/a4
May ’25n/a
NOK 159.00
0%
2.7%NOK 165.00NOK 155.00n/a4
Apr ’25n/a
NOK 160.25
0%
2.2%NOK 165.00NOK 155.00n/a4
Mar ’25n/a
NOK 160.25
0%
2.2%NOK 165.00NOK 155.00n/a4
Feb ’25n/a
NOK 157.75
0%
2.8%NOK 161.00NOK 150.00n/a4
Jan ’25n/a
NOK 157.75
0%
2.8%NOK 161.00NOK 150.00n/a4
Dec ’24n/a
NOK 157.75
0%
2.8%NOK 161.00NOK 150.00n/a4
Nov ’24n/a
NOK 158.25
0%
3.1%NOK 163.00NOK 150.00n/a4
Oct ’24n/a
NOK 158.25
0%
3.1%NOK 163.00NOK 150.00n/a4
Sep ’24n/a
NOK 158.25
0%
3.1%NOK 163.00NOK 150.00n/a4
Aug ’24n/a
NOK 153.25
0%
4.3%NOK 163.00NOK 145.00n/a4
Jul ’24n/a
NOK 153.25
0%
4.3%NOK 163.00NOK 145.00n/a4
Jun ’24NOK 133.40
NOK 152.75
+14.5%
3.9%NOK 161.00NOK 145.00n/a4
May ’24n/a
NOK 152.75
0%
3.9%NOK 161.00NOK 145.00n/a4
Apr ’24NOK 123.00
NOK 151.50
+23.2%
3.9%NOK 161.00NOK 145.00n/a4
Mar ’24NOK 137.40
NOK 150.00
+9.2%
2.4%NOK 155.00NOK 145.00n/a4
Feb ’24NOK 124.60
NOK 150.50
+20.8%
2.8%NOK 157.00NOK 145.00n/a4
Jan ’24n/a
NOK 150.50
0%
2.8%NOK 157.00NOK 145.00n/a4
Dec ’23NOK 117.80
NOK 150.50
+27.8%
2.8%NOK 157.00NOK 145.00n/a4
Nov ’23NOK 112.70
NOK 153.00
+35.8%
3.8%NOK 160.00NOK 145.00n/a4

Analyst Forecast: Target price is less than 20% higher than the current share price.

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