OB:SNOR

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Sparebank 1 Nordvest

Executive Summary

Sparebank 1 Nordvest provides various banking services in Norway. More Details


Snowflake Analysis

Undervalued with moderate growth potential.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SNOR

4.1%

NO Banks

-1.6%

NO Market


1 Year Return

1.9%

SNOR

-13.5%

NO Banks

-8.8%

NO Market

Return vs Industry: SNOR exceeded the Norwegian Banks industry which returned -13.4% over the past year.

Return vs Market: SNOR exceeded the Norwegian Market which returned -8.6% over the past year.


Shareholder returns

SNORIndustryMarket
7 Day0%4.1%-1.6%
30 Day0%8.2%1.5%
90 Day-0.9%-0.2%1.7%
1 Year8.0%1.9%-12.7%-13.5%-5.7%-8.8%
3 Year11.0%-5.6%-0.5%-9.9%-0.3%-11.2%
5 Yearn/a65.2%34.5%43.4%14.5%

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

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 (NOK109) is trading below our estimate of fair value (NOK899.91)

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 (11x) compared to the NO Banks industry average (9.7x).

PE vs Market: SNOR is good value based on its PE Ratio (11x) compared to the Norwegian market (15.1x).


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 (0.5x).


Next Steps

Future Growth

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

40.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNOR's forecast earnings growth (40.4% per year) is above the savings rate (1.6%).

Earnings vs Market: SNOR's earnings (40.4% per year) are forecast to grow faster than the Norwegian market (30.2% per year).

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

Revenue vs Market: SNOR's revenue (3.4% per year) is forecast to grow slower than the Norwegian market (5.5% per year).

High Growth Revenue: SNOR's revenue (3.4% 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 (6.6%).


Next Steps

Past Performance

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

-26.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNOR has a high level of non-cash earnings.

Growing Profit Margin: SNOR's current net profit margins (5.2%) are lower than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: SNOR's earnings have declined by 26.5% per year over the past 5 years.

Accelerating Growth: SNOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SNOR had negative earnings growth (-35.9%) over the past year, making it difficult to compare to the Banks industry average (-13.9%).


Return on Equity

High ROE: SNOR's Return on Equity (6.3%) is considered low.


Next Steps

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 (82%).

Low Risk Deposits: SNOR's Loans to Deposits ratio (135%) is high.

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


Next Steps

Dividend

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

5.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNOR's dividend (5.96%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.55%).

High Dividend: SNOR's dividend (5.96%) is low compared to the top 25% of dividend payers in the Norwegian market (6.58%).


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 (65.4%), 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 (55.9% payout ratio).


Next Steps

Management

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

0.5yrs

Average board tenure


CEO

Odd Folland (65 yo)

15.75yrs

Tenure

kr2,103,000

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 ($USD227.19K) is below average for companies of similar size in the Norwegian market ($USD376.28K).

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


Board Members

NamePositionTenureCompensationOwnership
Gerd Langoy
Directorno datakr82.00kno data
Vegard Nekstad
Directorno datakr86.00kno data
Runar Wiik
Chairman0.50yrkr97.00kno data
Randi Lisberg
Directorno datakr112.00k0.039%
NOK 95.2k
Leif Hestvik
Deputy Directorno datano data0.025%
NOK 60.0k
Oystein Aandahl
Employee Representative Director2.17yrskr118.00k0.016%
NOK 39.8k
Heidi Dahl
Vice Chairman0.50yrkr86.00kno data
Catrine Bruvoll
Directorno datakr86.00kno data
Ranveig Jensen
Deputy Directorno datano datano data
Ole Pettersen
Deputy Directorno datano datano data
Cecilie Holsen
Deputy Directorno datano datano data

0.5yrs

Average Tenure

46.5yo

Average Age

Experienced Board: SNOR's board of directors are not considered experienced ( 0.5 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 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: kr244.539m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNOROB (Oslo Bors)YesEquity Capital CertificatesNONOKOct 2017
0TD0LSE (London Stock Exchange)YesEquity Capital CertificatesGBNOKOct 2017

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 22:14
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.