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KOMP

Komplett BankOB:KOMP Stock Report

Market Cap

kr1.6b

7D

2.7%

1Y

33.0%

Updated

25 Sep, 2021

Data

Company Financials +
KOMP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends4/6

KOMP Overview

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

Komplett Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Komplett Bank
Historical stock prices
Current Share Pricekr8.39
52 Week Highkr6.14
52 Week Lowkr10.92
Beta1.92
1 Month Change0.72%
3 Month Change-5.31%
1 Year Change32.96%
3 Year Change-54.40%
5 Year Change-47.89%
Change since IPO52.54%

Recent News & Updates

Shareholder Returns

KOMPNO BanksNO Market
7D2.7%2.7%1.2%
1Y33.0%45.1%26.4%

Return vs Industry: KOMP underperformed the Norwegian Banks industry which returned 45.1% over the past year.

Return vs Market: KOMP exceeded the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is KOMP's price volatile compared to industry and market?
KOMP volatility
KOMP Beta1.92
Industry Beta0.87
Market Beta1

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.

About the Company

FoundedEmployeesCEOWebsite
2012151Eirik Holtedahlhttps://www.komplettbank.no

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 finance products. The company was formerly known as AlfaB Prosjekt ASA and changed its name to Komplett Bank ASA in 2014.

Komplett Bank Fundamentals Summary

How do Komplett Bank's earnings and revenue compare to its market cap?
KOMP fundamental statistics
Market Capkr1.57b
Earnings (TTM)kr243.21m
Revenue (TTM)kr732.00m

6.4x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KOMP income statement (TTM)
Revenuekr732.00m
Cost of Revenuekr0
Gross Profitkr732.00m
Expenseskr488.79m
Earningskr243.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)1.30
Gross Margin100.00%
Net Profit Margin33.23%
Debt/Equity Ratio2.8%

How did KOMP perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

55%

Payout Ratio

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 (NOK8.39) is trading below our estimate of fair value (NOK23.06)

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 (6.4x) compared to the Norwegian Banks industry average (11.3x).

PE vs Market: KOMP is good value based on its PE Ratio (6.4x) compared to the Norwegian market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KOMP's PB Ratio (0.7x) is in line with the NO Banks industry average.


Future Growth

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

-4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KOMP's earnings are forecast to decline over the next 3 years (-4.5% per year).

Earnings vs Market: KOMP's earnings are forecast to decline over the next 3 years (-4.5% per year).

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

Revenue vs Market: KOMP's revenue (13% per year) is forecast to grow faster than the Norwegian market (5.6% per year).

High Growth Revenue: KOMP's revenue (13% 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 (10%).


Past Performance

How has Komplett Bank performed over the past 5 years?

8.7%

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 (33.2%) are higher than last year (28.3%).


Past Earnings Growth Analysis

Earnings Trend: KOMP's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: KOMP's earnings growth over the past year (31.3%) exceeds its 5-year average (8.7% per year).

Earnings vs Industry: KOMP earnings growth over the past year (31.3%) exceeded the Banks industry 26.4%.


Return on Equity

High ROE: KOMP's Return on Equity (11%) 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 (5.1x) is low.

Allowance for Bad Loans: KOMP has a low allowance for bad loans (55%).

Low Risk Liabilities: 98% 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 (92%) is appropriate.

Level of Bad Loans: KOMP has a high level of bad loans (23.5%).


Dividend

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

8.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KOMP's dividend (8.34%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).

High Dividend: KOMP's dividend (8.34%) is in the top 25% of dividend payers in the Norwegian market (5.16%)


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 (55.1%), 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 (89.3% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Eirik Holtedahl

0.25

Tenure

Mr. Eirik Holtedahl serves as Interim Chief Executive Officer at Komplett Bank ASA since June 23, 2021. Mr. Holtedahl served as Director of Credit Cards at Komplett Bank ASA until June 23, 2021. Mr. Holted...


Leadership Team

Experienced Management: KOMP's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: KOMP's board of directors are not considered experienced ( 2.1 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: KOMP 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 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: kr1.569b
  • Shares outstanding: 186.97m
  • Website: https://www.komplettbank.no

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 16:20
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.