Morrow Bank Future Growth

Future criteria checks 4/6

Morrow Bank is forecast to grow earnings and revenue by 19.2% and 34.1% per annum respectively. EPS is expected to grow by 16.3% per annum. Return on equity is forecast to be 8.4% in 3 years.

Key information

19.2%

Earnings growth rate

16.3%

EPS growth rate

Banks earnings growth	2.3%
Revenue growth rate	34.1%
Future return on equity	8.4%
Analyst coverage	Low
Last updated	18 Mar 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:MOBAO - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	1,157	194	N/A	N/A	1
12/31/2024	1,086	145	N/A	N/A	1
12/31/2023	527	134	-1,328	-1,275	N/A
9/30/2023	481	13	-2,221	-2,165	N/A
6/30/2023	475	-4	-3,270	-3,293	N/A
3/31/2023	490	-9	-3,741	-3,678	N/A
12/31/2022	509	-14	-1,880	-1,822	N/A
9/30/2022	1,045	111	1,397	1,466	N/A
6/30/2022	558	-263	2,958	3,020	N/A
3/31/2022	581	-249	2,731	2,800	N/A
12/31/2021	609	-222	2,103	2,175	N/A
9/30/2021	215	-186	1,324	1,389	N/A
6/30/2021	772	243	-326	-260	N/A
3/31/2021	800	270	-100	-25	N/A
12/31/2020	776	254	8	87	N/A
9/30/2020	632	178	-1,083	-990	N/A
6/30/2020	656	185	-382	-286	N/A
3/31/2020	669	170	-1,303	-1,209	N/A
12/31/2019	721	200	-1,450	-1,351	N/A
9/30/2019	863	312	-1,384	-1,294	N/A
6/30/2019	838	307	-1,693	-1,607	N/A
3/31/2019	820	333	-1,698	-1,615	N/A
12/31/2018	782	328	-2,175	-2,106	N/A
9/30/2018	716	304	-2,359	-2,301	N/A
6/30/2018	713	321	-2,164	-2,111	N/A
3/31/2018	649	291	-1,859	-1,810	N/A
12/31/2017	591	271	-1,820	-1,775	N/A
9/30/2017	535	247	N/A	N/A	N/A
6/30/2017	436	194	N/A	N/A	N/A
3/31/2017	370	165	N/A	N/A	N/A
12/31/2016	306	129	N/A	-1,610	N/A
9/30/2016	243	93	N/A	N/A	N/A
6/30/2016	186	58	N/A	N/A	N/A
3/31/2016	139	31	N/A	N/A	N/A
12/31/2015	101	11	N/A	-1,091	N/A
9/30/2015	75	-11	N/A	N/A	N/A
12/31/2014	20	-31	N/A	-950	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOBAO's forecast earnings growth (19.2% per year) is above the savings rate (1.6%).

Earnings vs Market: MOBAO's earnings (19.2% per year) are forecast to grow faster than the UK market (12.9% per year).

High Growth Earnings: MOBAO's earnings are forecast to grow, but not significantly.

Revenue vs Market: MOBAO's revenue (34.1% per year) is forecast to grow faster than the UK market (4.3% per year).

High Growth Revenue: MOBAO's revenue (34.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MOBAO's Return on Equity is forecast to be low in 3 years time (8.4%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/03/18 19:00
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 here.

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Industry and Sector Metrics

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Analyst Sources

Morrow Bank ASA is covered by 4 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
Ulrik Zürcher	Beringer Finance AB
Vegard Toverud	Pareto Securities