SpareBank 1 Sørøst-Norge (BATS-CHIXE:SOONO) - Stock Price, News & Analysis

SOONO Stock Overview

SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway.

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

SpareBank 1 Sørøst-Norge Competitors

Metro Bank Holdings

LSE:MTRO

UK£223.3m

Close Brothers Group

LSE:CBG

UK£688.9m

TBC Bank Group

LSE:TBCG

UK£1.9b

Bank of Georgia Group

LSE:BGEO

UK£2.4b

Price History & Performance

Summary of all time highs, changes and price drops for SpareBank 1 Sørøst-Norge
Historical stock prices
Current Share Price	kr62.80
52 Week High	kr62.80
52 Week Low	kr62.80
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%	4.3%	1.1%
1Y	n/a	17.3%	1.9%

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	4.1%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.5%
10% least volatile stocks in GB Market	2.7%

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/bv

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	kr9.72b
Earnings (TTM)	kr795.00m
Revenue (TTM)	kr3.04b

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	kr3.04b
Cost of Revenue	kr0
Gross Profit	kr3.04b
Other Expenses	kr2.25b
Earnings	kr795.00m

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	14 days
Days until Dividend pay date	7 days