SNOR

Sparebank 1 NordvestOB:SNOR Stock Report

Market Cap

kr280.4m

7D

0%

1Y

13.6%

Updated

18 Sep, 2021

Data

Company Financials +
SNOR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends4/6

SNOR Overview

Sparebank 1 Nordvest provides various banking services in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Sparebank 1 Nordvest
Historical stock prices
Current Share Pricekr125.00
52 Week Highkr103.00
52 Week Lowkr131.00
Beta0.17
1 Month Change0%
3 Month Change1.63%
1 Year Change13.64%
3 Year Change11.61%
5 Year Changen/a
Change since IPO6.38%

Recent News & Updates

Mar 09
Does Sparebank 1 Nordvest (OB:SNOR) Have A Place In Your Dividend Portfolio?

Does Sparebank 1 Nordvest (OB:SNOR) Have A Place In Your Dividend Portfolio?

Could Sparebank 1 Nordvest ( OB:SNOR ) be an attractive dividend share to own for the long haul? Investors are often...

Shareholder Returns

SNORNO BanksNO Market
7D0%-1.0%-0.5%
1Y13.6%38.1%20.4%

Return vs Industry: SNOR underperformed the Norwegian Banks industry which returned 38.1% over the past year.

Return vs Market: SNOR underperformed the Norwegian Market which returned 20.4% over the past year.

Price Volatility

Is SNOR's price volatile compared to industry and market?
SNOR volatility
SNOR Beta0.17
Industry Beta0.87
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1835100Allan Troelsenhttps://www.sparebank1.no/nb/nordvest

Sparebank 1 Nordvest provides various banking services in Norway. The company offers savings and deposit accounts; car, motorcycle, boat, and construction loans; and mortgages. It also provides business insurance products, which include liability, auto, mortgage, operating loss, asset, commercial, and project insurance products; personal insurance products, such as life, travel, and accidental insurance products; pension products; bank cards; payment and debt collection services; and mobile and online banking services.

Valuation

Is Sparebank 1 Nordvest 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: SNOR (NOK125) is trading below our estimate of fair value (NOK970.17)

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


Price To Earnings Ratio

PE vs Industry: SNOR is poor value based on its PE Ratio (11.6x) compared to the Norwegian Banks industry average (11.2x).

PE vs Market: SNOR is good value based on its PE Ratio (11.6x) compared to the Norwegian market (13.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SNOR is good value based on its PB Ratio (0.1x) compared to the NO Banks industry average (0.6x).


Future Growth

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

28.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNOR's forecast earnings growth (28.8% per year) is above the savings rate (1.2%).

Earnings vs Market: SNOR's earnings (28.8% per year) are forecast to grow faster than the Norwegian market (10.1% per year).

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

Revenue vs Market: SNOR's revenue (10.6% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: SNOR's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNOR's Return on Equity is forecast to be low in 3 years time (8%).


Past Performance

How has Sparebank 1 Nordvest performed over the past 5 years?

-39.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNOR has high quality earnings.

Growing Profit Margin: SNOR's current net profit margins (4.9%) are lower than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: SNOR's earnings have declined by 39.1% per year over the past 5 years.

Accelerating Growth: SNOR's earnings growth over the past year (9.2%) exceeds its 5-year average (-39.1% per year).

Earnings vs Industry: SNOR earnings growth over the past year (9.2%) underperformed the Banks industry 20.4%.


Return on Equity

High ROE: SNOR's Return on Equity (6.4%) is considered low.


Financial Health

How is Sparebank 1 Nordvest'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: SNOR's Assets to Equity ratio (7.5x) is low.

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

Low Risk Liabilities: 70% of SNOR's liabilities are made up of primarily low risk sources of funding.

Loan Level: SNOR has an appropriate level of Loans to Assets ratio (80%).

Low Risk Deposits: SNOR's Loans to Deposits ratio (132%) is high.

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


Dividend

What is Sparebank 1 Nordvest current dividend yield, its reliability and sustainability?

5.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNOR's dividend (5.2%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.81%).

High Dividend: SNOR's dividend (5.2%) is in the top 25% of dividend payers in the Norwegian market (5.08%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SNOR has been paying a dividend for less than 10 years.

Growing Dividend: SNOR's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.5%), SNOR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SNOR's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).


Next Steps

Management

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

0.7yrs

Average board tenure


CEO

Allan Troelsen (54 yo)

no data

Tenure

Mr. Allan Troelsen has been Chief Executive Officer at Sparebank 1 Nordvest. He had been Chief Executive Officer of Surnadal Sparebank since August 2000 until March 2021. Mr. Troelsen served as Development...


Board Members

Experienced Board: SNOR's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SNOR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sparebank 1 Nordvest's employee growth, exchange listings and data sources


Key Information

  • Name: Sparebank 1 Nordvest
  • Ticker: SNOR
  • Exchange: OB
  • Founded: 1835
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr280.435m
  • Shares outstanding: 2.24m
  • Website: https://www.sparebank1.no/nb/nordvest

Number of Employees


Location

  • Sparebank 1 Nordvest
  • Langveien 21
  • Kristiansund
  • Møre og Romsdal
  • 6509
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 16:21
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.