SpareBank 1 SMN, together with its subsidiaries, provides various financial and banking products and services to personal and corporate customers in Norway and internationally. More Details
Undervalued with excellent balance sheet.
Share Price & News
How has SpareBank 1 SMN's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MING is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MING's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MING exceeded the Norwegian Banks industry which returned 53% over the past year.
Return vs Market: MING exceeded the Norwegian Market which returned 34.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SpareBank 1 SMN's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs SpareBank 1 SMN (OB:MING) Popular Amongst Institutions?
1 month ago | Simply Wall StShareholders Of SpareBank 1 SMN (OB:MING) Must Be Happy With Their 175% Total Return
2 months ago | Simply Wall StAre Insiders Buying SpareBank 1 SMN (OB:MING) Stock?
Is SpareBank 1 SMN undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MING (NOK117.8) is trading below our estimate of fair value (NOK175.77)
Significantly Below Fair Value: MING is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MING is good value based on its PE Ratio (10.7x) compared to the Norwegian Banks industry average (11.2x).
PE vs Market: MING is good value based on its PE Ratio (10.7x) compared to the Norwegian market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: MING is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MING is overvalued based on its PB Ratio (0.7x) compared to the NO Banks industry average (0.6x).
How is SpareBank 1 SMN forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MING's forecast earnings growth (11.6% per year) is above the savings rate (1.2%).
Earnings vs Market: MING's earnings (11.6% per year) are forecast to grow slower than the Norwegian market (17.4% per year).
High Growth Earnings: MING's earnings are forecast to grow, but not significantly.
Revenue vs Market: MING's revenue (3.4% per year) is forecast to grow slower than the Norwegian market (4.5% per year).
High Growth Revenue: MING's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MING's Return on Equity is forecast to be low in 3 years time (11.1%).
How has SpareBank 1 SMN performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MING has a high level of non-cash earnings.
Growing Profit Margin: MING's current net profit margins (23.9%) are higher than last year (21.3%).
Past Earnings Growth Analysis
Earnings Trend: MING's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: MING's earnings growth over the past year (31.4%) exceeds its 5-year average (1.7% per year).
Earnings vs Industry: MING earnings growth over the past year (31.4%) exceeded the Banks industry 12.9%.
Return on Equity
High ROE: MING's Return on Equity (11.3%) is considered low.
How is SpareBank 1 SMN's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MING's Assets to Equity ratio (8.9x) is low.
Allowance for Bad Loans: MING has a sufficient allowance for bad loans (333%).
Low Risk Liabilities: 67% of MING's liabilities are made up of primarily low risk sources of funding.
Loan Level: MING has an appropriate level of Loans to Assets ratio (75%).
Low Risk Deposits: MING's Loans to Deposits ratio (127%) is high.
Level of Bad Loans: MING has an appropriate level of bad loans (0.3%).
What is SpareBank 1 SMN current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MING's dividend (1.1%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.9%).
High Dividend: MING's dividend (1.1%) is low compared to the top 25% of dividend payers in the Norwegian market (5.04%).
Stability and Growth of Payments
Stable Dividend: MING is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: MING is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MING is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MING's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jan-Frode Janson (51 yo)
Mr. Jan-Frode Janson is a Director of SpareBank 1 Gruppen AS. He served as President at SpareBank 1 Nord-Norge until March 15, 2019. He has been Director of Fremtind Forsikring AS since 2020. He was the Ch...
CEO Compensation Analysis
Compensation vs Market: Jan-Frode's total compensation ($USD474.89K) is about average for companies of similar size in the Norwegian market ($USD619.35K).
Compensation vs Earnings: Insufficient data to compare Jan-Frode's compensation with company performance.
Experienced Management: MING's management team is considered experienced (2.5 years average tenure).
Experienced Board: MING's board of directors are considered experienced (3.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SpareBank 1 SMN's company bio, employee growth, exchange listings and data sources
- Name: SpareBank 1 SMN
- Ticker: MING
- Exchange: OB
- Founded: 1823
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr15.190b
- Shares outstanding: 129.39m
- Website: https://www.sparebank1.no/nb/smn
Number of Employees
- SpareBank 1 SMN
- No. 4 Søndre gate
SpareBank 1 SMN, together with its subsidiaries, provides various financial and banking products and services to personal and corporate customers in Norway and internationally. The company provides a range...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 16:21|
|End of Day Share Price||2021/05/18 00:00|
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.