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
Flawless balance sheet, good value and pays a dividend.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MING underperformed the Norwegian Banks industry which returned -13.4% over the past year.
Return vs Market: MING underperformed the Norwegian Market which returned -8.6% over the past year.
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
1 week ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In SpareBank 1 SMN's (OB:MING) Shares?
1 month ago | Simply Wall StDid You Participate In Any Of SpareBank 1 SMN's (OB:MING) Fantastic 102% Return ?
2 months ago | Simply Wall StInsider Buying: The SpareBank 1 SMN (OB:MING) Director Just Bought 50% More Shares
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 (NOK84.1) is trading below our estimate of fair value (NOK116.22)
Significantly Below Fair Value: MING is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MING is poor value based on its PE Ratio (10x) compared to the NO Banks industry average (9.7x).
PE vs Market: MING is good value based on its PE Ratio (10x) compared to the Norwegian market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: MING is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MING's PB Ratio (0.6x) is in line with the NO Banks industry average.
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 (15% per year) is above the savings rate (1.6%).
Earnings vs Market: MING's earnings (15% per year) are forecast to grow slower than the Norwegian market (30.2% per year).
High Growth Earnings: MING's earnings are forecast to grow, but not significantly.
Revenue vs Market: MING's revenue (5% per year) is forecast to grow slower than the Norwegian market (5.5% per year).
High Growth Revenue: MING's revenue (5% 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 (10.2%).
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 (21.4%) are lower than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: MING's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: MING's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MING had negative earnings growth (-31.9%) over the past year, making it difficult to compare to the Banks industry average (-13.9%).
Return on Equity
High ROE: MING's Return on Equity (9.1%) 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 (9.4x) is low.
Allowance for Bad Loans: MING has a sufficient allowance for bad loans (187%).
Low Risk Liabilities: 64% 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 (71%).
Low Risk Deposits: MING's Loans to Deposits ratio (124%) is appropriate.
Level of Bad Loans: MING has an appropriate level of bad loans (0.5%).
What is SpareBank 1 SMN current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MING's dividend (5.95%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.55%).
High Dividend: MING's dividend (5.95%) is low compared to the top 25% of dividend payers in the Norwegian market (6.58%).
Stability and Growth of Payments
Stable Dividend: MING's dividend payments have been volatile in the past 10 years.
Growing Dividend: MING's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.3%), MING's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MING's dividends in 3 years are forecast to be covered by earnings (50.9% payout ratio).
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 ($USD424.57K) is about average for companies of similar size in the Norwegian market ($USD546.11K).
Compensation vs Earnings: Insufficient data to compare Jan-Frode's compensation with company performance.
|Group Chief Executive Officer||1.42yrs||kr3.93m||0.031% |
|Executive VP of Corporate Finance & Deputy CEO||29.75yrs||kr4.35m||0.19% |
|Executive Director of Communications & Society||4yrs||kr2.37m||0.0078% |
|Executive Vice President Risk Management||no data||kr2.47m||0.033% |
|Executive Vice President of Business||no data||kr3.11m||0.027% |
|Executive Vice President of Private Market||1.92yrs||kr3.00m||0.016% |
|Executive VP/Executive Director of Technology & Development||0.58yr||no data||no data|
|Head of Corporate Communications||no data||no data||0.0014% |
|Chief Economist||no data||no data||no data|
|Managing Director of Regnskapshuset SMN||no data||no data||no data|
|Chief Executive Officer of Sparebank 1 Bilplan||no data||no data||no data|
|Managing Director of SpareBank 1 Regnskapshuset SMN||no data||no data||0.021% |
Experienced Management: MING's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Deputy Board Chair||7.58yrs||kr358.00k||no data|
|Chair of the Supervisory Board||2.58yrs||no data||0.0021% |
|Supervisory Board Member||9.67yrs||no data||0.012% |
|Supervisory Board Vice Chairman||no data||no data||no data|
Experienced Board: MING's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MING 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: kr10.874b
- Shares outstanding: 129.30m
- Website: https://www.sparebank1.no/nb/smn
Number of Employees
- SpareBank 1 SMN
- no. 4 Søndre gate
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SRMG.F||OTCPK (Pink Sheets LLC)||Yes||Primary Capital Certificates||US||USD||May 1994|
|MING||OB (Oslo Bors)||Yes||Primary Capital Certificates||NO||NOK||May 1994|
|0IVM||LSE (London Stock Exchange)||Yes||Primary Capital Certificates||GB||NOK||May 1994|
|MINGO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Primary Capital Certificates||GB||NOK||May 1994|
|MING51||OB (Oslo Bors)||8.25%-FRN PERP NOK500000||NO||NOK||May 2012|
|MING52||OB (Oslo Bors)||FRN PERP NOK500000||NO||NOK||Nov 2012|
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 advisor ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/24 21:57|
|End of Day Share Price||2020/10/23 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.