Loading...

SpareBank 1 Østlandet

LSE:0RU6
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RU6
LSE
NOK10B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
0RU6 Share Price and Events
7 Day Returns
0.8%
LSE:0RU6
3.1%
GB Banks
1%
GB Market
1 Year Returns
1.8%
LSE:0RU6
-6.9%
GB Banks
1.6%
GB Market
0RU6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SpareBank 1 Østlandet (0RU6) 0.8% -0.8% - 1.8% - -
GB Banks 3.1% 3.6% 7.4% -6.9% 17.4% -11.6%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • 0RU6 outperformed the Banks industry which returned -6.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

0RU6 Value

 Is SpareBank 1 Østlandet undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SpareBank 1 Østlandet to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SpareBank 1 Østlandet.

LSE:0RU6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= NOK97.51 * 10.6%
NOK10.38
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. NOK97.51
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0RU6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.591 (1 + (1- 23%) (362.16%))
1.83
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.83 * 5.96%)
12.14%

Discounted Cash Flow Calculation for LSE:0RU6 using Excess Returns Model Model

The calculations below outline how an intrinsic value for SpareBank 1 Østlandet is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0RU6 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.6% – 12.14%) * NOK97.51)
NOK-1.46
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-1.46 / (12.14% - 1.23%)
NOK-13.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK97.51 + NOK-13.36
NOK84.15
LSE:0RU6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0RU6 represents 0.99418x of OB:SPOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99418x
Value per Share
(Listing Adjusted, NOK)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 84.15 x 0.99418
NOK83.66
Value per share (NOK) From above. NOK83.66
Current discount Discount to share price of NOK85.50
= -1 x (NOK85.50 - NOK83.66) / NOK83.66
-2.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SpareBank 1 Østlandet is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SpareBank 1 Østlandet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SpareBank 1 Østlandet's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RU6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK8.46
OB:SPOL Share Price ** OB (2019-04-16) in NOK NOK86
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SpareBank 1 Østlandet.

LSE:0RU6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SPOL Share Price ÷ EPS (both in NOK)

= 86 ÷ 8.46

10.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpareBank 1 Østlandet is good value based on earnings compared to the GB Banks industry average.
  • SpareBank 1 Østlandet is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SpareBank 1 Østlandet's expected growth come at a high price?
Raw Data
LSE:0RU6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
14.8%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:0RU6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.16x ÷ 14.8%

0.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpareBank 1 Østlandet is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SpareBank 1 Østlandet's assets?
Raw Data
LSE:0RU6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK127.13
OB:SPOL Share Price * OB (2019-04-16) in NOK NOK86
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:0RU6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SPOL Share Price ÷ Book Value per Share (both in NOK)

= 86 ÷ 127.13

0.68x

* Primary Listing of SpareBank 1 Østlandet.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpareBank 1 Østlandet is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess SpareBank 1 Østlandet's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. SpareBank 1 Østlandet has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0RU6 Future Performance

 How is SpareBank 1 Østlandet expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SpareBank 1 Østlandet expected to grow at an attractive rate?
  • SpareBank 1 Østlandet's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • SpareBank 1 Østlandet's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • SpareBank 1 Østlandet's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0RU6 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RU6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 14.8%
LSE:0RU6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.3%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0RU6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0RU6 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,867
2021-12-31 4,239 1,793 3
2020-12-31 4,078 1,652 4
2019-12-31 3,903 1,654 4
LSE:0RU6 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 3,617 -11,225 976
2018-09-30 3,733 -12,041 959
2018-06-30 3,727 -10,745 970
2018-03-31 3,577 -8,925 875
2017-12-31 3,517 -4,842 850
2017-09-30 3,318 -5,429 546
2017-06-30 3,205 -3,683 714
2017-03-31 2,917 -3,782 755
2016-12-31 2,573 -3,145 737
2016-09-30 2,336 -3,559 632
2016-06-30 2,180 -5,400 517
2016-03-31 2,117 -4,994 480

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SpareBank 1 Østlandet's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • SpareBank 1 Østlandet's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0RU6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from SpareBank 1 Østlandet Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RU6 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 10.86 11.80 9.63 3.00
2020-12-31 9.98 10.70 9.17 4.00
2019-12-31 9.97 10.90 9.02 4.00
LSE:0RU6 Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 8.46
2018-09-30 8.94
2018-06-30 9.04
2018-03-31 8.15
2017-12-31 7.92
2017-09-30 5.09
2017-06-30 6.66
2017-03-31 7.04
2016-12-31 6.95
2016-09-30 5.95
2016-06-30 4.87
2016-03-31 6.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SpareBank 1 Østlandet is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SpareBank 1 Østlandet's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SpareBank 1 Østlandet has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0RU6 Past Performance

  How has SpareBank 1 Østlandet performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SpareBank 1 Østlandet's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SpareBank 1 Østlandet's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • SpareBank 1 Østlandet's 1-year earnings growth exceeds its 5-year average (14.8% vs -1.1%)
  • SpareBank 1 Østlandet's earnings growth has not exceeded the GB Banks industry average in the past year (14.8% vs 42.2%).
Earnings and Revenue History
SpareBank 1 Østlandet's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SpareBank 1 Østlandet Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RU6 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,617.00 976.00 1,254.00
2018-09-30 3,733.00 959.00 1,282.00
2018-06-30 3,727.00 970.00 1,253.00
2018-03-31 3,577.00 875.00 1,232.00
2017-12-31 3,517.00 850.00 1,203.00
2017-09-30 3,318.00 546.00 1,107.00
2017-06-30 3,205.00 714.00 900.00
2017-03-31 2,917.00 755.00 799.00
2016-12-31 2,573.00 737.00 706.00
2016-09-30 2,336.00 632.00 602.00
2016-06-30 2,180.00 517.00 711.00
2016-03-31 2,117.00 480.00 708.00
2015-12-31 2,215.00 552.00 707.00
2015-09-30 2,213.00 950.00 712.00
2015-06-30 2,265.00 1,046.00 688.00
2015-03-31 2,258.00 1,052.00 663.00
2014-12-31 2,213.00 1,038.00 641.00
2014-09-30 2,168.00 1,047.00 614.00
2014-06-30 1,967.00 867.00 604.00
2014-03-31 1,952.00 857.00 590.00
2013-12-31 1,758.00 704.00 579.00
2013-09-30 1,582.00 537.00 544.00
2013-06-30 1,445.00 436.00 543.00
2013-03-31 1,351.00 368.00 544.00
2012-12-31 1,391.00 400.00 547.00
2012-09-30 1,438.00 410.00 578.00
2012-06-30 1,447.00 409.00 565.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SpareBank 1 Østlandet has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SpareBank 1 Østlandet used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if SpareBank 1 Østlandet improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess SpareBank 1 Østlandet's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SpareBank 1 Østlandet has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0RU6 Health

 How is SpareBank 1 Østlandet's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of SpareBank 1 Østlandet's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SpareBank 1 Østlandet Company Filings, last reported 3 months ago.

LSE:0RU6 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14,762.00 36,076.00 2,777.00
2018-09-30 13,773.00 36,093.00 950.00
2018-06-30 13,420.00 34,239.00 1,132.00
2018-03-31 13,006.00 33,277.00 1,265.00
2017-12-31 13,331.00 27,985.00 10,201.00
2017-09-30 12,990.00 27,025.00 10,373.00
2017-06-30 12,591.00 27,138.00 11,083.00
2017-03-31 12,108.00 25,143.00 12,026.00
2016-12-31 12,108.00 25,143.00 12,026.00
2016-09-30 11,775.00 24,861.00 11,839.00
2016-06-30 11,351.00 25,692.00 13,538.00
2016-03-31 8,995.00 13,796.00 7,323.00
2015-12-31 8,717.00 13,052.00 6,898.00
2015-09-30 8,449.00 12,249.00 1,164.00
2015-06-30 8,128.00 11,527.00 1,030.00
2015-03-31 7,889.00 11,319.00 1,058.00
2014-12-31 7,624.00 10,451.00 5,331.00
2014-09-30 7,470.00 9,853.00 1,120.00
2014-06-30 7,208.00 9,855.00 1,879.00
2014-03-31 7,052.00 9,132.00 760.00
2013-12-31 6,718.00 9,715.00 962.00
2013-09-30 6,534.00 8,863.00 666.00
2013-06-30 6,305.00 8,593.00 1,002.00
2013-03-31 6,136.00 8,231.00 1,002.00
2012-12-31 6,044.00 9,064.00 774.00
2012-09-30 5,862.00 8,918.00 691.00
2012-06-30 5,685.00 8,990.00 1,295.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • SpareBank 1 Østlandet has an acceptable proportion of non-loan assets held.
  • SpareBank 1 Østlandet's liabilities are made up of primarily low risk sources of funding.
  • SpareBank 1 Østlandet has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • SpareBank 1 Østlandet's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • SpareBank 1 Østlandet has a low allowance for bad loans.
  • SpareBank 1 Østlandet has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess SpareBank 1 Østlandet's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SpareBank 1 Østlandet has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0RU6 Dividends

 What is SpareBank 1 Østlandet's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.79%
Current annual income from SpareBank 1 Østlandet dividends. Estimated to be 6.01% next year.
If you bought NOK2,000 of SpareBank 1 Østlandet shares you are expected to receive NOK96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SpareBank 1 Østlandet's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • SpareBank 1 Østlandet's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0RU6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0RU6 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 5.74 3.00
2020-12-31 4.92 4.00
2019-12-31 4.98 4.00
LSE:0RU6 Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-08 4.120 4.819
2019-01-15 4.120 4.823
2018-02-09 3.960 4.513

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether SpareBank 1 Østlandet has stable dividend payments.
  • SpareBank 1 Østlandet only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of SpareBank 1 Østlandet's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess SpareBank 1 Østlandet's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SpareBank 1 Østlandet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SpareBank 1 Østlandet has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0RU6 Management

 What is the CEO of SpareBank 1 Østlandet's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Heiberg
COMPENSATION NOK4,891,000
AGE 62
TENURE AS CEO 8.8 years
CEO Bio

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 (formerly, Sparebanken Hedmark) since January 6, 2010. Mr. Heiberg is Director at Fremtind Forsikring AS. Mr. Heiberg serves as the Managing Director of Nordic Paper A/S. Mr. Heiberg served as Managing Director of Sparebanken Hedmark since January 6, 2010. He serves as the Chairman of the Board and Director of Bank 1 Oslo Akershus AS from April 2013 to April 3, 2017. He served as Chairman and Director of SpareBank 1 Gruppen AS since April 2010 to until April 8, 2015. He served as the Chairman of Sparebanken Hedmark until November 27, 2009 and its Director since 1995. He served as a Member of Supervisory Board at BN Bank ASA from December 2008 to 2011. Mr. Heiberg holds an MBA degree from Handelshøyskolen BI.

CEO Compensation
  • Richard's compensation has been consistent with company performance over the past year.
  • Richard's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the SpareBank 1 Østlandet management team in years:

2.3
Average Tenure
61
Average Age
  • The tenure for the SpareBank 1 Østlandet management team is about average.
Management Team

Richard Heiberg

TITLE
Chief Executive Officer
COMPENSATION
NOK5M
AGE
62
TENURE
8.8 yrs

Geir-Egil Bolstad

TITLE
Executive Vice President & CFO
COMPENSATION
NOK3M
AGE
51
TENURE
2.3 yrs

Gudrun Michelsen

TITLE
Chief Operating Officer
COMPENSATION
NOK2M
AGE
61
TENURE
2.3 yrs

Eldar Kjendlie

TITLE
Head of HR & Legal
COMPENSATION
NOK2M

Siv Stenseth

TITLE
Head of Communications
COMPENSATION
NOK2M

Hans Wedvik

TITLE
Head of Corporate Banking
COMPENSATION
NOK2M

Dag-Arne Hoberg

TITLE
Head of Innovation & Business Development
COMPENSATION
NOK2M
AGE
61

Vidar Nordheim

TITLE
Chief Risk Officer
COMPENSATION
NOK2M

Kari Gisnås

TITLE
Head of Personal Banking
COMPENSATION
NOK3M

Espen Mejlænder-Larsen

TITLE
Head of Organizations & Capital Markets
COMPENSATION
NOK2M
Board of Directors Tenure

Average tenure and age of the SpareBank 1 Østlandet board of directors in years:

3.3
Average Tenure
51
Average Age
  • The tenure for the SpareBank 1 Østlandet board of directors is about average.
Board of Directors

Siri Strømmevold

TITLE
Chair of the Board
COMPENSATION
NOK321K
AGE
57
TENURE
7.3 yrs

Nina Lier

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK253K
AGE
46
TENURE
3.3 yrs

Pål-Jan Stokke

TITLE
Chairman of the Supervisory Board
COMPENSATION
NOK6K

Siri Enget

TITLE
Deputy Chairman of supervisory board
TENURE
1.1 yrs

Espen Larsen

TITLE
Director
COMPENSATION
NOK1M
AGE
42
TENURE
11.3 yrs

Morten Herud

TITLE
Director
COMPENSATION
NOK237K
AGE
59
TENURE
6.3 yrs

Erik Garaas

TITLE
Director
COMPENSATION
NOK296K
AGE
68
TENURE
6.3 yrs

Hans-Christian Gabrielsen

TITLE
Director
COMPENSATION
NOK154K
AGE
51
TENURE
3.3 yrs

Vibeke Larsen

TITLE
Director
COMPENSATION
NOK722K
AGE
41
TENURE
3.3 yrs

Guro Vestvik

TITLE
Director
COMPENSATION
NOK165K
AGE
51
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SpareBank 1 Østlandet insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
12. Feb 19 Buy Tom Nerheim Individual 12. Feb 19 12. Feb 19 1,500 NOK85.40 NOK128,100
08. Feb 19 Buy Nina Høibråten Buer Individual 08. Feb 19 08. Feb 19 1,453 NOK85.20 NOK123,796
08. Aug 18 Buy Werner Bosaaen Individual 08. Aug 18 08. Aug 18 1,000 NOK88.80 NOK88,800
X
Management checks
We assess SpareBank 1 Østlandet's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SpareBank 1 Østlandet has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0RU6 News

Simply Wall St News

0RU6 Company Info

Description

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.

Details
Name: SpareBank 1 Østlandet
0RU6
Exchange: LSE
Founded: 1845
NOK9,961,361,854
115,829,789
Website: http://www.sparebank1.no/nb/ostlandet
Address: SpareBank 1 Østlandet
Strandgata 15,
Hamar,
Hedmark, 2302,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SPOL Equity Capital Instruments Oslo Bors NO NOK 13. Jun 2017
OTCPK SPRB.F Equity Capital Instruments Pink Sheets LLC US USD 13. Jun 2017
DB 2SF Equity Capital Instruments Deutsche Boerse AG DE EUR 13. Jun 2017
LSE 0RU6 Equity Capital Instruments London Stock Exchange GB NOK 13. Jun 2017
BATS-CHIXE SPOLO Equity Capital Instruments BATS 'Chi-X Europe' GB NOK 13. Jun 2017
Number of employees
Current staff
Staff numbers
1,139
SpareBank 1 Østlandet employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:35
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.