Morrow Bank Valuation

Is MOBA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MOBA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MOBA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MOBA's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MOBA?

Key metric: As MOBA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MOBA. This is calculated by dividing MOBA's market cap by their current earnings.
What is MOBA's PE Ratio?
PE Ratio	10.1x
Earnings	NOK 165.20m
Market Cap	NOK 1.65b

MOBA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.3x

Price to Earnings Ratio vs Peers

How does MOBA's PE Ratio compare to its peers?

The above table shows the PE ratio for MOBA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	8.5x
SPOG Sparebanken Øst	9.9x	15.7%	NOK 1.4b
LEA Lea Bank	8.7x	31.5%	NOK 802.3m
RING SpareBank 1 Ringerike Hadeland	8.2x	-4.3%	NOK 5.1b
PARB Pareto Bank	7.4x	0.5%	NOK 5.0b
MOBA Morrow Bank	10.1x	37.2%	NOK 1.7b

Price-To-Earnings vs Peers: MOBA is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (8.5x).

Price to Earnings Ratio vs Industry

How does MOBA's PE Ratio compare vs other companies in the NO Banks Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
FFSB Flekkefjord Sparebank	1.4x	4.1%	US$15.08m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MOBA is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the Norwegian Banks industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is MOBA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MOBA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.1x
Fair PE Ratio	14x

Price-To-Earnings vs Fair Ratio: MOBA is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (14x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

SpareBank 1 Nordmøre

NOK 1.3b

Provides various banking services in Norway.

SNOR

NOK 142.00

4.8%

18.3%

Romerike Sparebank

NOK 356.7m

Provides various banking products and services for private and business customers.

ROMER

NOK 125.78

-0.6%

10.3%

Jæren Sparebank

NOK 1.6b

Provides various financial products and services to individuals and businesses in Norway.

JAREN

NOK 319.95

1.6%

29.0%