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Market Cap

kr533.4m

Last Updated

2021/05/08 02:57 UTC

Data Sources

Company Financials +

Executive Summary

Kraft Bank ASA provides refinancing of loans secured on dwellings and loans without collateral to individuals in Norway. More Details


Snowflake Analysis

Solid track record with high growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KRAB is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KRAB's weekly volatility has decreased from 9% to 4% over the past year.


Market Performance


7 Day Return

-1.6%

KRAB

2.5%

NO Banks

0.6%

NO Market


1 Year Return

69.3%

KRAB

54.6%

NO Banks

37.3%

NO Market

Return vs Industry: KRAB exceeded the Norwegian Banks industry which returned 53.3% over the past year.

Return vs Market: KRAB exceeded the Norwegian Market which returned 35.9% over the past year.


Shareholder returns

KRABIndustryMarket
7 Day-1.6%2.5%0.6%
30 Day3.7%2.7%0.9%
90 Day-3.8%10.1%5.2%
1 Year69.3%69.3%61.4%54.6%43.2%37.3%
3 Yearn/a34.8%21.9%14.0%1.4%
5 Yearn/a128.1%89.6%79.6%46.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kraft Bank undervalued compared to its fair value and its price relative to the market?

19.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KRAB (NOK12.7) is trading above our estimate of fair value (NOK4.28)

Significantly Below Fair Value: KRAB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KRAB is poor value based on its PE Ratio (19.9x) compared to the NO Banks industry average (11.4x).

PE vs Market: KRAB is poor value based on its PE Ratio (19.9x) compared to the Norwegian market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: KRAB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: KRAB is overvalued based on its PB Ratio (1.7x) compared to the NO Banks industry average (0.6x).


Future Growth

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

31.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRAB's forecast earnings growth (31.6% per year) is above the savings rate (1.2%).

Earnings vs Market: KRAB's earnings (31.6% per year) are forecast to grow faster than the Norwegian market (19.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KRAB's revenue (30.2% per year) is forecast to grow faster than the Norwegian market (5.4% per year).

High Growth Revenue: KRAB's revenue (30.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KRAB's Return on Equity is forecast to be low in 3 years time (14.5%).


Past Performance

How has Kraft Bank performed over the past 5 years?

100.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRAB has high quality earnings.

Growing Profit Margin: KRAB's current net profit margins (34.7%) are higher than last year (25%).


Past Earnings Growth Analysis

Earnings Trend: KRAB's earnings have grown significantly by 100.9% per year over the past 5 years.

Accelerating Growth: KRAB's earnings growth over the past year (143.7%) exceeds its 5-year average (100.9% per year).

Earnings vs Industry: KRAB earnings growth over the past year (143.7%) exceeded the Banks industry 3.3%.


Return on Equity

High ROE: KRAB's Return on Equity (9.9%) is considered low.


Financial Health

How is Kraft 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: KRAB's Assets to Equity ratio (6.9x) is low.

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

Low Risk Liabilities: 99% of KRAB's liabilities are made up of primarily low risk sources of funding.

Loan Level: KRAB has an appropriate level of Loans to Assets ratio (85%).

Low Risk Deposits: KRAB's Loans to Deposits ratio (101%) is appropriate.

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


Dividend

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

2.36%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate KRAB'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 KRAB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KRAB'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 KRAB'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?

3.3yrs

Average management tenure


CEO

Svein Førland (51 yo)

3.17yrs

Tenure

kr2,800,215

Compensation

Mr. Svein Ivar Førland serves as Chief Executive Officer at Kraft Bank ASA. Mr. Førland served as the Chief Executive Officer and Managing Director at Sandnes Sparebank ASA until August 2016. Mr. Førland s...


CEO Compensation Analysis

Compensation vs Market: Svein's total compensation ($USD336.78K) is about average for companies of similar size in the Norwegian market ($USD342.41K).

Compensation vs Earnings: Svein's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: KRAB's management team is considered experienced (3.3 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Kraft Bank ASA
  • Ticker: KRAB
  • Exchange: OB
  • Founded: 2016
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr533.400m
  • Shares outstanding: 42.00m
  • Website: https://kraftbank.no

Number of Employees


Location

  • Kraft Bank ASA
  • Trim Towers
  • Fourth Floor
  • Sandnes
  • Rogaland
  • 4313
  • Norway

Listings


Biography

Kraft Bank ASA provides refinancing of loans secured on dwellings and loans without collateral to individuals in Norway. It also offers deposit products. Kraft Bank ASA was founded in 2016 and is based in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/08 02:57
End of Day Share Price2021/05/07 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.