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Komplett Bank

Market Cap

kr1.9b

Last Updated

2021/05/10 16:28 UTC

Data Sources

Company Financials +

Executive Summary

Komplett Bank ASA provides unsecured financing to private individuals in the Norwegian, Sweden, Finland, and German markets. More Details


Snowflake Analysis

Good value with proven track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KOMP is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KOMP's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

KOMP

2.5%

NO Banks

0.2%

NO Market


1 Year Return

83.5%

KOMP

55.2%

NO Banks

37.8%

NO Market

Return vs Industry: KOMP exceeded the Norwegian Banks industry which returned 54.6% over the past year.

Return vs Market: KOMP exceeded the Norwegian Market which returned 37.4% over the past year.


Shareholder returns

KOMPIndustryMarket
7 Day3.2%2.5%0.2%
30 Day-2.6%2.8%1.2%
90 Day26.6%10.3%4.8%
1 Year90.9%83.5%62.1%55.2%43.7%37.8%
3 Year-35.1%-37.7%34.9%22.0%14.1%1.5%
5 Year-25.5%-28.4%128.2%89.7%79.8%46.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Komplett Bank 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: KOMP (NOK10.2) is trading below our estimate of fair value (NOK24.22)

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


Price To Earnings Ratio

PE vs Industry: KOMP is good value based on its PE Ratio (7.5x) compared to the NO Banks industry average (11.4x).

PE vs Market: KOMP is good value based on its PE Ratio (7.5x) compared to the Norwegian market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: KOMP is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: KOMP is overvalued based on its PB Ratio (0.8x) compared to the NO Banks industry average (0.6x).


Future Growth

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

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KOMP's forecast earnings growth (4.9% per year) is above the savings rate (1.2%).

Earnings vs Market: KOMP's earnings (4.9% per year) are forecast to grow slower than the Norwegian market (18.8% per year).

High Growth Earnings: KOMP's earnings are forecast to grow, but not significantly.

Revenue vs Market: KOMP's revenue (14.3% per year) is forecast to grow faster than the Norwegian market (5.5% per year).

High Growth Revenue: KOMP's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KOMP's Return on Equity is forecast to be low in 3 years time (12.4%).


Past Performance

How has Komplett Bank performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KOMP has a high level of non-cash earnings.

Growing Profit Margin: KOMP's current net profit margins (34.4%) are higher than last year (27.7%).


Past Earnings Growth Analysis

Earnings Trend: KOMP's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: KOMP's earnings growth over the past year (27%) exceeds its 5-year average (18.2% per year).

Earnings vs Industry: KOMP earnings growth over the past year (27%) exceeded the Banks industry 10.4%.


Return on Equity

High ROE: KOMP's Return on Equity (11.4%) is considered low.


Financial Health

How is Komplett Bank'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: KOMP's Assets to Equity ratio (5x) is low.

Allowance for Bad Loans: KOMP has a low allowance for bad loans (56%).

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

Loan Level: KOMP has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: KOMP's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: KOMP has a high level of bad loans (21.4%).


Dividend

What is Komplett Bank current dividend yield, its reliability and sustainability?

6.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KOMP's dividend (6.86%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.91%).

High Dividend: KOMP's dividend (6.86%) is in the top 25% of dividend payers in the Norwegian market (4.95%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether KOMP's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if KOMP's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.3%), KOMP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KOMP's dividends in 3 years are forecast to be covered by earnings (65% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Jan Haglund (50 yo)

2.33yrs

Tenure

Mr. Jan Olov Haglund has been Chief Executive Officer at Komplett Bank ASA since January 15, 2019 and served as its Chief Financial Officer since June 1, 2018 until January 15, 2019 and served as its Chief...


Leadership Team

Experienced Management: KOMP's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: KOMP's board of directors are not considered experienced ( 1.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Komplett Bank ASA
  • Ticker: KOMP
  • Exchange: OB
  • Founded: 2012
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: kr1.906b
  • Shares outstanding: 186.86m
  • Website: https://www.komplettbank.no

Number of Employees


Location

  • Komplett Bank ASA
  • Vollsveien 2A
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings


Biography

Komplett Bank ASA provides unsecured financing to private individuals in the Norwegian, Sweden, Finland, and German markets. It offers deposit products, consumer loans, credit cards, and point of sale fina...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 16:28
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
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.