Morrow Bank ASA

BATS-CHIXE:MOBAO Stock Report

Market Cap: NOK 917.5m

Morrow Bank Valuation

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

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

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MOBAO. This is calculated by dividing MOBAO's market cap by their current earnings.
What is MOBAO's PE Ratio?
PE Ratio6.9x
EarningsNOK 133.70m
Market CapNOK 917.55m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MOBAO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4x
STB Secure Trust Bank
2.5x32.7%UK£67.3m
ARBB Arbuthnot Banking Group
4.9x8.7%UK£149.8m
CBG Close Brothers Group
3.8x16.0%UK£340.0m
TBCG TBC Bank Group
4.9x17.4%UK£1.7b
MOBAO Morrow Bank
6.9x19.2%NOK 917.5m

Price-To-Earnings vs Peers: MOBAO is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (5.8x).


Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies43PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MOBAO is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Banks industry average (7.4x).


Price to Earnings Ratio vs Fair Ratio

What is MOBAO'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.

MOBAO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MOBAO'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?

Analyst Forecast: Insufficient data to show price forecast.


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