OB:SKUE

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Skue Sparebank

Market Cap

kr382.9m

Last Updated

2021/06/21 17:47 UTC

Data Sources

Company Financials +

Executive Summary

Skue Sparebank provides various banking products and services primarily in Norway. More Details


Snowflake Analysis

Undervalued with reasonable growth potential and pays a dividend.

Share Price & News

How has Skue Sparebank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SKUE is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SKUE's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.1%

SKUE

0.03%

NO Banks

-2.4%

NO Market


1 Year Return

7.7%

SKUE

43.7%

NO Banks

32.6%

NO Market

Return vs Industry: SKUE underperformed the Norwegian Banks industry which returned 43.7% over the past year.

Return vs Market: SKUE underperformed the Norwegian Market which returned 32.6% over the past year.


Shareholder returns

SKUEIndustryMarket
7 Day1.1%0.03%-2.4%
30 Day4.6%-0.3%0.3%
90 Day2.8%3.4%1.5%
1 Year11.4%7.7%50.2%43.7%38.0%32.6%
3 Year72.0%45.6%35.3%22.3%18.0%4.7%
5 Year167.9%104.5%128.5%90.1%84.1%50.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Skue Sparebank undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKUE (NOK183) is trading below our estimate of fair value (NOK685.48)

Significantly Below Fair Value: SKUE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SKUE is poor value based on its PE Ratio (10.9x) compared to the Norwegian Banks industry average (10.6x).

PE vs Market: SKUE is good value based on its PE Ratio (10.9x) compared to the Norwegian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: SKUE is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: SKUE is good value based on its PB Ratio (0.2x) compared to the NO Banks industry average (0.6x).


Future Growth

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

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKUE's forecast earnings growth (25.1% per year) is above the savings rate (1.2%).

Earnings vs Market: SKUE's earnings (25.1% per year) are forecast to grow faster than the Norwegian market (15.3% per year).

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

Revenue vs Market: SKUE's revenue (6.5% per year) is forecast to grow faster than the Norwegian market (4.4% per year).

High Growth Revenue: SKUE's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKUE's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has Skue Sparebank performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKUE has high quality earnings.

Growing Profit Margin: SKUE's current net profit margins (10.7%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: SKUE's earnings have declined by 2.3% per year over the past 5 years.

Accelerating Growth: SKUE's earnings growth over the past year (56%) exceeds its 5-year average (-2.3% per year).

Earnings vs Industry: SKUE earnings growth over the past year (56%) exceeded the Banks industry 18.7%.


Return on Equity

High ROE: SKUE's Return on Equity (7.2%) is considered low.


Financial Health

How is Skue Sparebank'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: SKUE's Assets to Equity ratio (8.8x) is low.

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

Low Risk Liabilities: 75% of SKUE's liabilities are made up of primarily low risk sources of funding.

Loan Level: SKUE has an appropriate level of Loans to Assets ratio (84%).

Low Risk Deposits: SKUE's Loans to Deposits ratio (127%) is high.

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


Dividend

What is Skue Sparebank current dividend yield, its reliability and sustainability?

3.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SKUE's dividend (3.28%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.87%).

High Dividend: SKUE's dividend (3.28%) is low compared to the top 25% of dividend payers in the Norwegian market (5.05%).


Stability and Growth of Payments

Stable Dividend: SKUE's dividend payments have been volatile in the past 10 years.

Growing Dividend: SKUE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.8%), SKUE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SKUE's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average board tenure


CEO

Hans Glesne (47 yo)

12.25yrs

Tenure

kr3,748,000

Compensation

Mr. Hans Kristian Glesne serves as a Bank Manager of Skue Sparebank and served as its Chief Executive Officer. Mr. Glesne serves as Chairman of Eika Gruppen AS since 2019. He served as a Director of Eika F...


CEO Compensation Analysis

Compensation vs Market: Hans's total compensation ($USD430.90K) is about average for companies of similar size in the Norwegian market ($USD350.19K).

Compensation vs Earnings: Hans's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: SKUE's board of directors are considered experienced (7.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.1%.


Top Shareholders

Company Information

Skue Sparebank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Skue Sparebank
  • Ticker: SKUE
  • Exchange: OB
  • Founded: 1842
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr382.883m
  • Shares outstanding: 2.09m
  • Website: https://skuesparebank.no

Number of Employees


Location

  • Skue Sparebank
  • Geilovegen 34
  • Geilo
  • Buskerud
  • 3580
  • Norway

Listings


Biography

Skue Sparebank provides various banking products and services primarily in Norway. The company offers savings accounts; retirement pension products and investor services; car and other vehicle loans, mortg...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/21 17:47
End of Day Share Price2021/06/21 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.