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

MORGO is expensive based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (6x).

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

MORGO is expensive based on its Price-To-Earnings Ratio (8.1x) compared to the European Banks industry average (7.8x).

What is MORGO'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.

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

What is the Fair Price of MORGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MORGO (NOK87.18) is trading below our estimate of [[fair value]] (NOK121.17)

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

Insufficient data to show price forecast.

MORGO Stock Overview

Provides banking services for retail and corporate customers in Norway. More details

MORGO fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	5/6
Financial Health	4/6
Dividends	5/6

Rewards

Trading at 28.1% below our estimate of its fair value

Earnings are forecast to grow 14.66% per year

Earnings grew by 34.1% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Sparebanken Møre Competitors

Close Brothers Group

LSE:CBG

UK£350.1m

Arbuthnot Banking Group

AIM:ARBB

UK£147.8m

TBC Bank Group

LSE:TBCG

UK£1.7b

Secure Trust Bank

LSE:STB

UK£68.7m

Price History & Performance

Summary of share price highs, lows and changes for Sparebanken Møre
Historical stock prices
Current Share Price	NOK 87.18
52 Week High	NOK 87.18
52 Week Low	NOK 87.18
Beta	0.48
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	41.53%

Recent updates

Shareholder Returns

	MORGO	GB Banks	GB Market
7D	0%	0.7%	0.5%
1Y	n/a	33.3%	2.7%

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

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

Price Volatility

Is MORGO's price volatile compared to industry and market?
MORGO volatility
MORGO Average Weekly Movement	n/a
Banks Industry Average Movement	3.7%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

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

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

About the Company

Founded	Employees	CEO	Website
1843	419	Trond Nydal	www.sbm.no

Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers in Norway. It operates through Retail and Real Estate Brokerage segments. The company offers services in the areas of financing, deposits and other forms of investments, payment transfers, financial advisory services, asset management, insurance, and real estate brokerage.

Sparebanken Møre Fundamentals Summary

How do Sparebanken Møre's earnings and revenue compare to its market cap?
MORGO fundamental statistics
Market cap	NOK 4.22b
Earnings (TTM)	NOK 523.00m
Revenue (TTM)	NOK 2.34b

8.1x

P/E Ratio

0.5x

P/B Ratio

Is MORGO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MORGO income statement (TTM)
Revenue	NOK 2.34b
Cost of Revenue	NOK 8.00m
Gross Profit	NOK 2.33b
Other Expenses	NOK 1.81b
Earnings	NOK 523.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 14, 2024

Earnings per share (EPS)	10.60
Gross Margin	99.66%
Net Profit Margin	22.33%
Debt/Equity Ratio	444.5%

How did MORGO perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

71%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/28 22:30
End of Day Share Price	2024/02/29 00:00
Earnings	2024/03/31
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.

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 .

Analyst Sources

Sparebanken Møre is covered by 10 analysts. 3 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
Fridtjof Berents	Arctic Securities ASA
Geir Kristiansen	Beringer Finance AB