SpareBank 1 Ringerike Hadeland

LSE:0N01 Stock Report

Market Cap: NOK 5.8b

SpareBank 1 Ringerike Hadeland Valuation

Is 0N01 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 0N01 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 618.16
Fair Value
39.5% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: 0N01 (NOK373.95) is trading below our estimate of fair value (NOK618.16)

Significantly Below Fair Value: 0N01 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0N01?

Key metric: As 0N01 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0N01. This is calculated by dividing 0N01's market cap by their current earnings.
What is 0N01's PE Ratio?
PE Ratio8.5x
EarningsNOK 686.00m
Market CapNOK 5.84b

Price to Earnings Ratio vs Peers

How does 0N01's PE Ratio compare to its peers?

The above table shows the PE ratio for 0N01 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.2x
ARBB Arbuthnot Banking Group
6.1x5.19%UK£151.2m
STB Secure Trust Bank
6.6x33.65%UK£120.9m
TBCG TBC Bank Group
6.9x17.20%UK£2.5b
BGEO Lion Finance Group
5.2x10.71%UK£2.8b
0N01 SpareBank 1 Ringerike Hadeland
8.5x-4.33%NOK 5.8b

Price-To-Earnings vs Peers: 0N01 is expensive based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (6.1x).

Price to Earnings Ratio vs Industry

How does 0N01's PE Ratio compare vs other companies in the European Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0N01 8.5xIndustry Avg. 9.0xNo. of Companies46PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0N01 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the European Banks industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is 0N01'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.

0N01 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0N01'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 0N01 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 373.95
NOK 386.50
+3.36%
1.68%NOK 393.00NOK 380.00n/a2
May ’26n/a
NOK 386.50
0%
1.68%NOK 393.00NOK 380.00n/a2
Apr ’26NOK 388.00
NOK 369.00
-4.90%
6.50%NOK 393.00NOK 345.00n/a2
Mar ’26n/a
NOK 369.00
0%
6.50%NOK 393.00NOK 345.00n/a2
Feb ’26n/a
NOK 353.50
0%
2.40%NOK 362.00NOK 345.00n/a2
Jan ’26n/a
NOK 340.50
0%
1.32%NOK 345.00NOK 336.00n/a2
Dec ’25NOK 320.00
NOK 340.50
+6.41%
1.32%NOK 345.00NOK 336.00n/a2
Nov ’25n/a
NOK 338.00
0%
0.59%NOK 340.00NOK 336.00n/a2
Oct ’25n/a
NOK 333.00
0%
0.90%NOK 336.00NOK 330.00n/a2
Sep ’25n/a
NOK 333.00
0%
0.90%NOK 336.00NOK 330.00n/a2
Aug ’25n/a
NOK 331.00
0%
0.30%NOK 332.00NOK 330.00n/a2
May ’25n/a
NOK 333.50
0%
1.05%NOK 337.00NOK 330.00n/a2
Apr ’25n/a
NOK 335.50
0%
1.64%NOK 341.00NOK 330.00NOK 388.002
Mar ’25n/a
NOK 335.50
0%
1.64%NOK 341.00NOK 330.00n/a2
Feb ’25n/a
NOK 334.00
0%
2.69%NOK 343.00NOK 325.00n/a2
Jan ’25n/a
NOK 334.00
0%
2.69%NOK 343.00NOK 325.00n/a2
Dec ’24n/a
NOK 334.00
0%
2.69%NOK 343.00NOK 325.00NOK 320.002
Nov ’24n/a
NOK 341.50
0%
0.44%NOK 343.00NOK 340.00n/a2
Oct ’24n/a
NOK 341.50
0%
0.44%NOK 343.00NOK 340.00n/a2
Sep ’24n/a
NOK 341.50
0%
0.44%NOK 343.00NOK 340.00n/a2
Aug ’24n/a
NOK 344.50
0%
1.31%NOK 349.00NOK 340.00n/a2
Jul ’24n/a
NOK 344.50
0%
1.31%NOK 349.00NOK 340.00n/a2
Jun ’24n/a
NOK 344.50
0%
1.31%NOK 349.00NOK 340.00n/a2
May ’24n/a
NOK 344.50
0%
1.31%NOK 349.00NOK 340.00n/a2
AnalystConsensusTarget
Consensus Narrative from 2 Analysts
NOK 387.48
Fair Value
3.5% undervalued intrinsic discount
2
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 Analysis2025/05/20 19:22
End of Day Share Price 2025/05/16 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 Ringerike Hadeland is covered by 6 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.

AnalystInstitution
Fridtjof BerentsArctic Securities ASA
Christian BernerBeringer Finance AB
Geir KristiansenBeringer Finance AB