MOBAO Stock Overview

Provides unsecured financing to private individuals in the Norway, Finland, Sweden, and German markets. More details

MOBAO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (6.9x) is below the UK market (16.1x)

Earnings are forecast to grow 19.22% per year

Became profitable this year

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Does not have a meaningful market cap (NOK918M)

Community vs My Fair Value

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Morrow Bank ASA Competitors

Secure Trust Bank

LSE:STB

UK£89.6m

Arbuthnot Banking Group

AIM:ARBB

UK£149.5m

Close Brothers Group

LSE:CBG

UK£518.5m

TBC Bank Group

LSE:TBCG

UK£2.2b

Price History & Performance

Summary of share price highs, lows and changes for Morrow Bank
Historical stock prices
Current Share Price	NOK 4.00
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	1.68
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-67.74%
Change since IPO	-78.72%

Recent updates

Shareholder Returns

	MOBAO	GB Banks	GB Market
7D	0%	0.6%	0.3%
1Y	n/a	52.8%	10.4%

Return vs Industry: Insufficient data to determine how MOBAO performed against the UK Banks industry.

Return vs Market: Insufficient data to determine how MOBAO performed against the UK Market.

Price Volatility

Is MOBAO's price volatile compared to industry and market?
MOBAO volatility
MOBAO Average Weekly Movement	n/a
Banks Industry Average Movement	4.0%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: MOBAO has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine MOBAO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2012	75	Oyvind Oanes	www.morrowbank.no

Morrow Bank ASA provides unsecured financing to private individuals in the Norwegian, Finland, Sweden, and German markets. It offers deposit products, consumer loans, credit cards, and point of sale finance products. The company was formerly known as Komplett Bank ASA and changed its name to Morrow Bank ASA in April 2023.

Morrow Bank ASA Fundamentals Summary

How do Morrow Bank's earnings and revenue compare to its market cap?
MOBAO fundamental statistics
Market cap	NOK 917.55m
Earnings (TTM)	NOK 133.70m
Revenue (TTM)	NOK 527.20m

6.9x

P/E Ratio

0.4x

P/B Ratio

Is MOBAO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MOBAO income statement (TTM)
Revenue	NOK 527.20m
Cost of Revenue	NOK 0
Gross Profit	NOK 527.20m
Other Expenses	NOK 393.50m
Earnings	NOK 133.70m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Mar 20, 2024

Earnings per share (EPS)	0.58
Gross Margin	100.00%
Net Profit Margin	25.36%
Debt/Equity Ratio	7.2%

How did MOBAO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/03/18 17:42
End of Day Share Price	2023/12/20 00:00
Earnings	2023/12/31
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.

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 Github.

Analyst Sources

Morrow Bank ASA is covered by 5 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
Jan Gjerland	ABG Sundal Collier
null null	ABG Sundal Collier
Ulrik Zürcher	Beringer Finance AB

Morrow Bank BATS-CHIXE:MOBAO Stock Report