SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies.
Undervalued with solid track record and pays a dividend.
Share Price & News
How has SpareBank 1 Østlandet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0RU6 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 0RU6 exceeded the UK Banks industry which returned -6% over the past year.
Return vs Market: 0RU6 underperformed the UK Market which returned 7.1% over the past year.
Price Volatility Vs. Market
How volatile is SpareBank 1 Østlandet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SpareBank 1 Østlandet undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 0RU6 (NOK85.4) is trading below our estimate of fair value (NOK132.37)
Significantly Below Fair Value: 0RU6 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0RU6 is good value based on its PE Ratio (8.7x) compared to the Banks industry average (9.2x).
PE vs Market: 0RU6 is good value based on its PE Ratio (8.7x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: 0RU6 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 0RU6 is overvalued based on its PB Ratio (0.7x) compared to the GB Banks industry average (0.6x).
How is SpareBank 1 Østlandet forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0RU6's forecast earnings growth (11.7% per year) is above the savings rate (0.5%).
Earnings vs Market: 0RU6's earnings (11.7% per year) are forecast to grow slower than the UK market (13% per year).
High Growth Earnings: 0RU6's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0RU6's revenue (3.4% per year) is forecast to grow slower than the UK market (3.5% per year).
High Growth Revenue: 0RU6's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0RU6's Return on Equity is forecast to be low in 3 years time (10.3%).
How has SpareBank 1 Østlandet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0RU6 has high quality earnings.
Growing Profit Margin: 0RU6's current net profit margins (31.7%) are higher than last year (27%).
Past Earnings Growth Analysis
Earnings Trend: 0RU6's earnings have grown by 10.5% per year over the past 5 years.
Accelerating Growth: 0RU6's earnings growth over the past year (38.2%) exceeds its 5-year average (10.5% per year).
Earnings vs Industry: 0RU6 earnings growth over the past year (38.2%) exceeded the Banks industry 28.3%.
Return on Equity
High ROE: 0RU6's Return on Equity (12.1%) is considered low.
Return on Assets
Return on Capital Employed
How is SpareBank 1 Østlandet's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0RU6 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0RU6's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: 0RU6's level of assets compared to its equity is low.
Allowance for Bad Loans: 0RU6 has a low allowance for bad loans.
Low Risk Liabilities: 0RU6's liabilities are made up of primarily low risk sources of funding.
Loan Level: 0RU6 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0RU6 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: 0RU6 has an appropriate level of bad loans (0.42%)
What is SpareBank 1 Østlandet's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase SpareBank 1 Østlandet before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 0RU6's dividend (5.66%) is higher than the bottom 25% of dividend payers in the UK market (1.79%).
High Dividend: 0RU6's dividend (5.66%) is in the top 25% of dividend payers in the UK market (5.09%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 0RU6 has been paying a dividend for less than 10 years.
Growing Dividend: 0RU6's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.5%), 0RU6's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0RU6's dividends in 3 years are forecast to be well covered by earnings (47.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Heiberg (63yo)
Mr. Richard H. Heiberg has been Deputy Chairman of the Board at SpareBank 1 Gruppen AS since April 4, 2018 and serves as its Director. He has been the Chief Executive Officer of SpareBank 1 Østlandet (form ...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD524.25K) is below average for companies of similar size in the UK market ($USD1.83M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||9.7yrs||kr4.89m||0.080% NOK9.3m|
|Executive Vice President & CFO||3.2yrs||kr3.21m||0.025% NOK2.9m|
|Head of HR & Legal||0yrs||kr2.24m||0.0057% NOK656.8k|
|Head of Communications||0yrs||kr2.10m||0.0026% NOK305.8k|
|Head of Corporate Banking||0yrs||kr2.47m||0.0026% NOK305.8k|
|Head of Innovation & Business Development||0yrs||kr2.47m||0.0051% NOK588.4k|
|Chief Risk Officer||0yrs||kr2.20m||0.0044% NOK506.2k|
|Head of Personal Banking||0yrs||kr2.80m||0.0026% NOK305.8k|
|Head of Organizations & Capital Markets||0yrs||kr2.11m||0.0043% NOK498.1k|
|Managing Director of EiendomsMegler 1 Hedmark Eiendom AS||7.3yrs||kr1.70m||0.0014% NOK159.8k|
Experienced Management: 0RU6's management team is seasoned and experienced (7.3 years average tenure).
|Chair of the Board||8.1yrs||kr321.00k||0.0020% NOK228.2k|
|Deputy Chairman of the Board||4.1yrs||kr253.00k||0.0011% NOK128.6k|
|Chairman of the Supervisory Board||0yrs||kr6.00k||no data|
|Deputy Chairman of supervisory board||1.9yrs||no data||no data|
Experienced Board: 0RU6's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 0RU6 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SpareBank 1 Østlandet's company bio, employee growth, exchange listings and data sources
- Name: SpareBank 1 Østlandet
- Ticker: 0RU6
- Exchange: LSE
- Founded: 1845
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr11.583b
- Shares outstanding: 115.83m
- Website: https://www.sparebank1.no/en/ostlandet/personal.html
Number of Employees
- SpareBank 1 Østlandet
- Strandgata 15
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPOL||OB (Oslo Bors)||Yes||Equity Capital Instruments||NO||NOK||Jun 2017|
|2SF||DB (Deutsche Boerse AG)||Yes||Equity Capital Instruments||DE||EUR||Jun 2017|
|0RU6||LSE (London Stock Exchange)||Yes||Equity Capital Instruments||GB||NOK||Jun 2017|
|SPOLO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Equity Capital Instruments||GB||NOK||Jun 2017|
|SPRB.F||OTCPK (Pink Sheets LLC)||Yes||Equity Capital Instruments||US||USD||Jun 2017|
SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies. It offers loans, retail and corporate banking services, deposits, insurance products, and pensions. The company offers payment, real estate brokerage, accounting and payroll services, leasing, and financing, consulting, and online banking services. It has 37 branches, including 21 in Hedmark, 2 in Oppland, 5 in Oslo, and 9 in Akershus. SpareBank 1 Østlandet was founded in 1845 and is headquartered in Hamar, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 23:00|
|End of Day Share Price||2020/02/20 00:00|
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.