OB:BRA-ME

Stock Analysis Report

Executive Summary

BRAbank ASA operates as an entrepreneur bank to individuals in Norway.

Snowflake

Fundamentals

High growth potential with adequate balance sheet.

Risks

  • BRAbank is covered by less than 3 analysts.

Share Price & News

How has BRAbank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.0%

OB:BRA-ME

-0.5%

NO Banks

1.5%

NO Market


1 Year Return

-48.6%

OB:BRA-ME

-14.5%

NO Banks

-14.8%

NO Market

BRA-ME underperformed the Banks industry which returned -14.5% over the past year.

BRA-ME underperformed the Market in Norway which returned -14.8% over the past year.


Share holder returns

BRA-MEIndustryMarket
7 Day-4.0%-0.5%1.5%
30 Day-8.9%-6.8%-3.3%
90 Day-10.0%-6.0%-5.4%
1 Year-48.6%-48.6%-10.4%-14.5%-10.0%-14.8%
3 Year-66.1%-66.1%63.5%44.0%38.1%19.9%
5 Yearn/a65.1%31.1%38.6%6.9%

Price Volatility Vs. Market

How volatile is BRAbank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

111.42x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for BRAbank to establish if it is available at moderate discount.

Unable to calculate intrinsic value for BRAbank to establish if it is available at substantial discount.


Price Based on Earnings

BRAbank is overvalued based on earnings compared to the NO Banks industry average.

BRAbank is overvalued based on earnings compared to the Norway market.


Price Based on Expected Growth

BRAbank is poor value based on expected growth next year.


Price Based on Value of Assets

BRAbank is overvalued based on assets compared to the NO Banks industry average.


Next Steps

Future Growth

How is BRAbank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

78.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BRAbank's revenue is expected to grow significantly at over 20% yearly.

BRAbank's earnings are expected to grow significantly at over 20% yearly.

BRAbank's revenue growth is expected to exceed the Norway market average.

BRAbank's earnings growth is expected to exceed the Norway market average.

BRAbank's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

BRAbank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has BRAbank performed over the past 5 years?

91.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

BRAbank has delivered over 20% year on year earnings growth in the past 5 years.

BRAbank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

BRAbank has become profitable in the last year making it difficult to compare the NO Banks industry average.


Return on Equity

BRAbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BRAbank used its assets less efficiently than the NO Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if BRAbank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

BRAbank has an acceptable proportion of non-loan assets held.

BRAbank has a low allowance for bad loans.

BRAbank's liabilities are made up of primarily low risk sources of funding.

BRAbank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at BRAbank are broadly funded by customer deposits.

BRAbank has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is BRAbank's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate BRAbank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate BRAbank's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as BRAbank has not reported any payouts.

Unable to verify if BRAbank's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as BRAbank has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of BRAbank's dividends in 3 years as they are not expected to pay a notable one for Norway.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Bent Gjendem 0

3.8yrs

Tenure

0

Mr. Bent Hilding Gjendem serves as Chief Executive Officer at BRAbank ASA since November 2015. Mr. Gjendem is a Board member of Webhuset AS since 2007. He served as Chief Executive Officer of Zammut Prosje ...


Management Age and Tenure

2.5yrs

Average Tenure

The tenure for the BRAbank management team is about average.


Board Age and Tenure

0.6yrs

Average Tenure

The average tenure for the BRAbank board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Bent Gjendem

    Chief Executive Officer

    • Tenure: 3.8yrs
  • Tom Rimestad

    Chief Operating Officer

    • Tenure: 3.9yrs
  • Martin Valland

    Chief Technology Officer

    • Tenure: 4.8yrs
  • Hans Ljøen

    Chief Financial Officer

    • Tenure: 0.6yrs
  • Henriette Vartdal

    Chief Product Officer

    • Tenure: 1.2yrs
  • Bård Fladvad

    Interim CRO

    • Tenure: 0.2yrs

Board Members

  • Geir Stormorken

    Chairman of the Board

    • Tenure: 0.6yrs
  • Kristin Devold (58yo)

    Director

    • Tenure: 0.6yrs
  • Mette Henriksen (57yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: kr75.00k
  • Tore Hopen

    Director

    • Tenure: 0.0yrs
    • Compensation: kr70.00k
  • Jan Greve-Isdahl

    Vice Chairman of the Board

    • Tenure: 0.6yrs
    • Compensation: kr901.00k
  • Tore Amundsen

    Employee Representative Director

    • Tenure: 0.0yrs
    • Compensation: kr70.00k
  • Guro Røberg

    Deputy Director

    • Tenure: 0.6yrs
  • Sigve Heldal

    Deputy Member of Board of Directors

    • Tenure: 0.0yrs

Company Information

BRAbank ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BRAbank ASA
  • Ticker: BRA-ME
  • Exchange: OB
  • Founded: 2015
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr644.246m
  • Shares outstanding: 447.39m
  • Website: https://www.brabank.no

Location

  • BRAbank ASA
  • Starvhusgaten 4
  • Bergen
  • Hordaland
  • 5014
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRA-MEOB (Oslo Bors)YesShare CapitalNONOKFeb 2016

Biography

BRAbank ASA operates as an entrepreneur bank to individuals in Norway. It offers personal loans, refinancing of debt and credit cards, financing, consumer loans, and payment insurance products, as well as  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 21:45
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.