Excellent balance sheet established dividend payer
NONG’s shares are now trading at a price below its true value based on its discounted cash flows, indicating a relatively pessimistic market sentiment. This mispricing gives investors the opportunity to buy into the stock at a cheap price compared to the value they will be receiving, should analysts’ consensus forecast growth be correct. Also, relative to the rest of its peers with similar levels of earnings, NONG’s share price is trading below the group’s average. This supports the theory that NONG is potentially underpriced.
Income investors would also be happy to know that NONG is one of the highest dividend payers in the market, with current dividend yield standing at 6.71%. NONG has also been regularly increasing its dividend payments to shareholders over the past decade.
For SpareBank 1 Nord-Norge, I’ve compiled three relevant aspects you should look at:
- Future Outlook: What are well-informed industry analysts predicting for NONG’s future growth? Take a look at our free research report of analyst consensus for NONG’s outlook.
- Historical Performance: What has NONG’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NONG? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!