OB:BRA

Stock Analysis Report

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Market Cap

kr779.2m

Last Updated

2021/06/22 17:51 UTC

Data Sources

Company Financials +

Executive Summary

BRAbank ASA New provides various banking products and services in the Nordic region. More Details


Snowflake Analysis

Solid track record and good value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BRA is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BRA's weekly volatility has decreased from 16% to 8% over the past year.


Market Performance


7 Day Return

-3.3%

BRA

1.9%

NO Banks

-0.6%

NO Market


1 Year Return

120.0%

BRA

46.8%

NO Banks

36.1%

NO Market

Return vs Industry: BRA exceeded the Norwegian Banks industry which returned 44.1% over the past year.

Return vs Market: BRA exceeded the Norwegian Market which returned 34.1% over the past year.


Shareholder returns

BRAIndustryMarket
7 Day-3.3%1.9%-0.6%
30 Day-0.9%1.6%1.8%
90 Day-5.4%7.9%4.9%
1 Year120.0%120.0%53.4%46.8%41.5%36.1%
3 Year-12.0%-12.0%37.8%24.6%19.8%6.3%
5 Yearn/a135.5%95.9%85.7%51.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is BRAbank New undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRA (NOK8.22) is trading below our estimate of fair value (NOK26.95)

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


Price To Earnings Ratio

PE vs Industry: BRA is good value based on its PE Ratio (2.2x) compared to the Norwegian Banks industry average (10.8x).

PE vs Market: BRA is good value based on its PE Ratio (2.2x) compared to the Norwegian market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: BRA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BRA's PB Ratio (0.6x) is in line with the NO Banks industry average.


Future Growth

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

-48.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRA's earnings are forecast to decline over the next 3 years (-48.4% per year).

Earnings vs Market: BRA's earnings are forecast to decline over the next 3 years (-48.4% per year).

High Growth Earnings: BRA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BRA's revenue (23.6% per year) is forecast to grow faster than the Norwegian market (4.4% per year).

High Growth Revenue: BRA's revenue (23.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRA's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has BRAbank New performed over the past 5 years?

76.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRA has a large one-off gain of NOK332.9M impacting its March 31 2021 financial results.

Growing Profit Margin: BRA's current net profit margins are higher than last year (35.6%).


Past Earnings Growth Analysis

Earnings Trend: BRA has become profitable over the past 5 years, growing earnings by 76.5% per year.

Accelerating Growth: BRA's earnings growth over the past year (686.3%) exceeds its 5-year average (76.5% per year).

Earnings vs Industry: BRA earnings growth over the past year (686.3%) exceeded the Banks industry 18.7%.


Return on Equity

High ROE: BRA's Return on Equity (31.7%) is considered high.


Financial Health

How is BRAbank New'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


Financial Institutions Analysis

Asset Level: BRA's Assets to Equity ratio (6.2x) is low.

Allowance for Bad Loans: Insufficient data to determine if BRA has a sufficient allowance for bad loans.

Low Risk Liabilities: 97% of BRA's liabilities are made up of primarily low risk sources of funding.

Loan Level: BRA has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: BRA's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: Insufficient data to determine if BRA has an appropriate level of bad loans.


Dividend

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

6.82%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BRA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BRA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BRA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BRA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRA's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average board tenure


CEO

Oddbjorn Berentsen

no data

Tenure

Mr. Oddbjorn Berentsen serves as Chief Executive Officer at BRAbank ASA (formerly known as BRAbank ASA New (formerly known as Easybank ASA)). Mr. Berentsen served as a Sales and Marketing Director of yA Ho...


Board Members

Experienced Board: BRA's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BRA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 100%.


Top Shareholders

Company Information

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


Key Information

  • Name: BRAbank ASA New
  • Ticker: BRA
  • Exchange: OB
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: kr779.210m
  • Shares outstanding: 94.79m
  • Website: https://brabank.no

Number of Employees


Location

  • BRAbank ASA New
  • Holbergs Gate 21
  • Oslo
  • Oslo
  • 166
  • Norway

Listings


Biography

BRAbank ASA New provides various banking products and services in the Nordic region. The company offers savings and deposit products, consumer loans, credit cards, financing services, and invoice sales and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/22 17:51
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.