Executive Summary
Sparebank 1 Nordvest provides various banking services in Norway. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential and pays a dividend.
Share Price & News
How has Sparebank 1 Nordvest's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SNOR is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SNOR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.4%
SNOR
1.6%
NO Banks
-0.8%
NO Market
1 Year Return
10.1%
SNOR
53.3%
NO Banks
35.9%
NO Market
Return vs Industry: SNOR underperformed the Norwegian Banks industry which returned 55.9% over the past year.
Return vs Market: SNOR underperformed the Norwegian Market which returned 41.1% over the past year.
Shareholder returns
| SNOR | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | 1.6% | -0.8% |
| 30 Day | -3.2% | 1.7% | -0.8% |
| 90 Day | 3.4% | 9.2% | 3.7% |
| 1 Year | 16.0%10.1% | 60.1%53.3% | 41.7%35.9% |
| 3 Year | 32.4%12.2% | 33.6%20.8% | 12.8%0.3% |
| 5 Year | n/a | 126.1%88.0% | 77.8%45.0% |
Long-Term Price Volatility Vs. Market
How volatile is Sparebank 1 Nordvest's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does Sparebank 1 Nordvest (OB:SNOR) Have A Place In Your Dividend Portfolio?5 months ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With Sparebank 1 Nordvest's (OB:SNOR) Dividend?7 months ago | Simply Wall St
How Is Sparebank 1 Nordvest's (OB:SNOR) CEO Paid Relative To Peers?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 (NOK120) is trading below our estimate of fair value (NOK1065.21)
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 (12.9x) compared to the NO Banks industry average (11.5x).
PE vs Market: SNOR is good value based on its PE Ratio (12.9x) compared to the Norwegian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: SNOR is good value based on its PEG Ratio (0.3x)
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?
42.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SNOR's forecast earnings growth (42.5% per year) is above the savings rate (1.2%).
Earnings vs Market: SNOR's earnings (42.5% per year) are forecast to grow faster than the Norwegian market (18% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SNOR's revenue (13% per year) is forecast to grow faster than the Norwegian market (5.3% per year).
High Growth Revenue: SNOR's revenue (13% 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 (7.8%).
Past Performance
How has Sparebank 1 Nordvest performed over the past 5 years?
-34.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SNOR has high quality earnings.
Growing Profit Margin: SNOR's current net profit margins (7%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: SNOR's earnings have declined by 34.9% per year over the past 5 years.
Accelerating Growth: SNOR's earnings growth over the past year (67.1%) exceeds its 5-year average (-34.9% per year).
Earnings vs Industry: SNOR earnings growth over the past year (67.1%) exceeded the Banks industry 3.3%.
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 (87%).
Low Risk Deposits: SNOR's Loans to Deposits ratio (143%) 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?
5.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SNOR's dividend (5.42%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.91%).
High Dividend: SNOR's dividend (5.42%) is in the top 25% of dividend payers in the Norwegian market (4.96%)
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 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.8%), 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 (63.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average board tenure
CEO
Odd Folland (65 yo)
16.33yrs
Tenure
kr2,200,000
Compensation
Mr. Odd Einar Folland serves as the Chief Executive Officer and Managing Director of Sparebank 1 Nordvest since 2005. Mr. Folland has been a Director of SpareBank 1 Gruppen AS since April 8, 2015 and its C...
CEO Compensation Analysis
Compensation vs Market: Odd's total compensation ($USD264.59K) is about average for companies of similar size in the Norwegian market ($USD356.98K).
Compensation vs Earnings: Odd's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: SNOR's board of directors are not considered experienced ( 1.1 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: 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sparebank 1 Nordvest's company bio, 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: kr269.217m
- Shares outstanding: 2.24m
- Website: https://www.sparebank1.no/nb/nordvest
Location
- Sparebank 1 Nordvest
- Langveien 21
- Kristiansund
- Møre og Romsdal
- 6509
- Norway
Listings
Biography
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 in...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/07 02:23 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.