SpareBank 1 Sør-Norge ASA

BATS-CHIXE:SB1NOO Stock Report

Market Cap: NOK 41.0b

SpareBank 1 Sør-Norge Valuation

Is SB1NOO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 SB1NOO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 316.52
Fair Value
50.4% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: SB1NOO (NOK156.9) is trading below our estimate of fair value (NOK316.52)

Significantly Below Fair Value: SB1NOO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SB1NOO?

Key metric: As SB1NOO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SB1NOO. This is calculated by dividing SB1NOO's market cap by their current earnings.
What is SB1NOO's PE Ratio?
PE Ratio7.9x
EarningsNOK 5.19b
Market CapNOK 41.00b

Price to Earnings Ratio vs Peers

How does SB1NOO's PE Ratio compare to its peers?

The above table shows the PE ratio for SB1NOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.7x
TBCG TBC Bank Group
6.2x15.0%UK£2.2b
HSBK Halyk Bank of Kazakhstan
3.4xn/aUS$5.4b
BGEO Lion Finance Group
3.4x-5.1%UK£2.2b
CBG Close Brothers Group
5.8x6.5%UK£518.5m
SB1NOO SpareBank 1 Sør-Norge
7.9x6.7%NOK 41.0b

Price-To-Earnings vs Peers: SB1NOO is expensive based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (4.7x).

Price to Earnings Ratio vs Industry

How does SB1NOO's PE Ratio compare vs other companies in the European Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies42PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SB1NOO is good value based on its Price-To-Earnings Ratio (7.9x) compared to the European Banks industry average (8.2x).

Price to Earnings Ratio vs Fair Ratio

What is SB1NOO'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.

SB1NOO 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 SB1NOO'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 SB1NOO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 156.90
NOK 165.40
+5.4%
5.1%NOK 175.00NOK 150.00n/a5
Feb ’26n/a
NOK 164.00
0%
5.2%NOK 175.00NOK 150.00n/a5
Jan ’26n/a
NOK 161.00
0%
4.1%NOK 170.00NOK 150.00n/a5
Dec ’25n/a
NOK 161.00
0%
4.1%NOK 170.00NOK 150.00n/a5
Nov ’25n/a
NOK 161.00
0%
4.1%NOK 170.00NOK 150.00n/a5
Oct ’25n/a
NOK 157.00
0%
2.5%NOK 160.00NOK 150.00n/a5
Sep ’25n/a
NOK 157.00
0%
2.5%NOK 160.00NOK 150.00n/a5
Aug ’25n/a
NOK 155.60
0%
3.5%NOK 160.00NOK 148.00n/a5
Jul ’25NOK 130.90
NOK 153.60
+17.3%
3.4%NOK 160.00NOK 148.00n/a5
Jun ’25NOK 137.00
NOK 153.20
+11.8%
3.2%NOK 160.00NOK 148.00n/a5
May ’25NOK 131.50
NOK 152.20
+15.7%
2.4%NOK 158.00NOK 148.00n/a5
Apr ’25NOK 135.70
NOK 151.20
+11.4%
3.1%NOK 158.00NOK 145.00n/a5
Mar ’25NOK 128.00
NOK 152.20
+18.9%
4.1%NOK 163.00NOK 145.00n/a5
Feb ’25NOK 129.40
NOK 149.80
+15.8%
3.9%NOK 161.00NOK 145.00n/a5
Jan ’25NOK 128.10
NOK 148.20
+15.7%
4.8%NOK 161.00NOK 140.00n/a5
Dec ’24NOK 118.80
NOK 148.20
+24.7%
4.8%NOK 161.00NOK 140.00n/a5
Nov ’24n/a
NOK 149.20
0%
4.2%NOK 161.00NOK 145.00n/a5
Oct ’24n/a
NOK 145.50
0%
6.5%NOK 161.00NOK 129.00n/a6
Sep ’24n/a
NOK 145.33
0%
6.3%NOK 160.00NOK 129.00n/a6
Aug ’24n/a
NOK 143.60
0%
5.7%NOK 160.00NOK 138.00n/a5
Jul ’24NOK 130.30
NOK 143.60
+10.2%
5.7%NOK 160.00NOK 138.00NOK 130.905
Jun ’24NOK 117.70
NOK 142.40
+21.0%
4.1%NOK 154.00NOK 138.00NOK 137.005
May ’24n/a
NOK 141.40
0%
4.6%NOK 154.00NOK 135.00NOK 131.505
Apr ’24n/a
NOK 141.40
0%
4.6%NOK 154.00NOK 135.00NOK 135.705
Mar ’24NOK 125.00
NOK 140.40
+12.3%
3.3%NOK 149.00NOK 135.00NOK 128.005
Feb ’24n/a
NOK 136.80
0%
4.8%NOK 145.00NOK 128.00NOK 129.405
Analyst Price Target
Consensus Narrative from 5 Analysts
NOK 167.21
Fair Value
6.2% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/16 13:38
End of Day Share Price 2025/02/12 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

SpareBank 1 Sør-Norge ASA is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Fridtjof BerentsArctic Securities ASA
Geir KristiansenBeringer Finance AB