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SOONO Stock Overview

Provides various banking products and services for private and corporate customers in Norway. More details

SOONO fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	5/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (12.2x) is below the UK market (16x)

Earnings are forecast to grow 13.47% per year

Earnings grew by 26.2% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

SpareBank 1 Sørøst-Norge Competitors

Close Brothers Group

LSE:CBG

UK£347.1m

Bank of Georgia Group

LSE:BGEO

UK£2.0b

TBC Bank Group

LSE:TBCG

UK£1.7b

Arbuthnot Banking Group

AIM:ARBB

UK£148.2m

Price History & Performance

Summary of share price highs, lows and changes for SpareBank 1 Sørøst-Norge
Historical stock prices
Current Share Price	NOK 62.80
52 Week High	NOK 62.80
52 Week Low	NOK 62.80
Beta	0.45
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	57.99%

Recent updates

Shareholder Returns

	SOONO	GB Banks	GB Market
7D	0%	0.4%	-1.4%
1Y	n/a	35.3%	4.6%

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

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

Price Volatility

Is SOONO's price volatile compared to industry and market?
SOONO volatility
SOONO Average Weekly Movement	n/a
Banks Industry Average Movement	3.7%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

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

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

About the Company

Founded	Employees	CEO	Website
1859	644	Per Halvorsen	www.sparebank1.no/nb/sorost/privat.html

SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway. The company offers mobile and online banking, card, account, and payment services. It also provides mortgage, car, boat, consumer, and other vehicle loans as well as refinancing, micro savings, investment, pension, and property related services.

SpareBank 1 Sørøst-Norge Fundamentals Summary

How do SpareBank 1 Sørøst-Norge's earnings and revenue compare to its market cap?
SOONO fundamental statistics
Market cap	NOK 9.72b
Earnings (TTM)	NOK 795.00m
Revenue (TTM)	NOK 3.04b

12.2x

P/E Ratio

0.7x

P/B Ratio

Is SOONO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SOONO income statement (TTM)
Revenue	NOK 3.04b
Cost of Revenue	NOK 0
Gross Profit	NOK 3.04b
Other Expenses	NOK 2.25b
Earnings	NOK 795.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 25, 2024

Earnings per share (EPS)	5.68
Gross Margin	100.00%
Net Profit Margin	26.12%
Debt/Equity Ratio	159.1%

How did SOONO perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

68%

Payout Ratio

Does SOONO pay a reliable dividends?

See SOONO dividend history and benchmarks

When do you need to buy SOONO by to receive an upcoming dividend?
SpareBank 1 Sørøst-Norge dividend dates
Ex Dividend Date	Apr 19 2024
Dividend Pay Date	Apr 26 2024
Days until Ex dividend	244 days
Days until Dividend pay date	237 days

Does SOONO pay a reliable dividends?

See SOONO dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/04/06 03:06
End of Day Share Price	2024/01/08 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.

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

SpareBank 1 Sørøst-Norge is covered by 4 analysts. 2 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
Geir Kristiansen	Beringer Finance AB
Håkon Astrup	DNB Markets
Žilvinas Jusaitis	Norne Securities AS

SpareBank 1 Sørøst-Norge BATS-CHIXE:SOONO Stock Report