SpareBank 1 Østfold Akershus, a savings bank, provides various banking products and services in Østfold and the southern part of Akershus. More Details
Solid track record and good value.
Share Price & News
How has SpareBank 1 Østfold Akershus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOAG is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SOAG's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SOAG underperformed the Norwegian Banks industry which returned 53% over the past year.
Return vs Market: SOAG underperformed the Norwegian Market which returned 34.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SpareBank 1 Østfold Akershus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StBe Sure To Check Out SpareBank 1 Østfold Akershus (OB:SOAG) Before It Goes Ex-Dividend
1 month ago | Simply Wall StIs SpareBank 1 Østfold Akershus (OB:SOAG) A Smart Pick For Income Investors?
3 months ago | Simply Wall StDid You Participate In Any Of SpareBank 1 Østfold Akershus' (OB:SOAG) Fantastic 166% Return ?
Is SpareBank 1 Østfold Akershus undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SOAG (NOK294) is trading below our estimate of fair value (NOK477.12)
Significantly Below Fair Value: SOAG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOAG is good value based on its PE Ratio (9.7x) compared to the Norwegian Banks industry average (11.2x).
PE vs Market: SOAG is good value based on its PE Ratio (9.7x) compared to the Norwegian market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: SOAG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SOAG is overvalued based on its PB Ratio (1x) compared to the NO Banks industry average (0.6x).
How is SpareBank 1 Østfold Akershus forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOAG's earnings are forecast to decline over the next 3 years (-2.4% per year).
Earnings vs Market: SOAG's earnings are forecast to decline over the next 3 years (-2.4% per year).
High Growth Earnings: SOAG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SOAG's revenue (1.2% per year) is forecast to grow slower than the Norwegian market (4.5% per year).
High Growth Revenue: SOAG's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOAG's Return on Equity is forecast to be low in 3 years time (9.1%).
How has SpareBank 1 Østfold Akershus performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOAG has high quality earnings.
Growing Profit Margin: SOAG's current net profit margins (43.6%) are higher than last year (40.3%).
Past Earnings Growth Analysis
Earnings Trend: SOAG's earnings have grown by 7.6% per year over the past 5 years.
Accelerating Growth: SOAG's earnings growth over the past year (20.9%) exceeds its 5-year average (7.6% per year).
Earnings vs Industry: SOAG earnings growth over the past year (20.9%) exceeded the Banks industry 12.9%.
Return on Equity
High ROE: SOAG's Return on Equity (10.6%) is considered low.
How is SpareBank 1 Østfold Akershus's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SOAG's Assets to Equity ratio (6.9x) is low.
Allowance for Bad Loans: Insufficient data to determine if SOAG has a sufficient allowance for bad loans.
Low Risk Liabilities: 78% of SOAG's liabilities are made up of primarily low risk sources of funding.
Loan Level: SOAG has an appropriate level of Loans to Assets ratio (80%).
Low Risk Deposits: SOAG's Loans to Deposits ratio (120%) is appropriate.
Level of Bad Loans: Insufficient data to determine if SOAG has an appropriate level of bad loans.
What is SpareBank 1 Østfold Akershus's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOAG's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.9%).
High Dividend: SOAG's dividend (1.19%) is low compared to the top 25% of dividend payers in the Norwegian market (5.04%).
Stability and Growth of Payments
Stable Dividend: SOAG's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOAG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.5%), SOAG's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOAG's dividends in 3 years are forecast to be well covered by earnings (46.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Arild Hansen (51 yo)
Mr. Arild Bjørn Hansen serves as Chief Executive Officer of SpareBank 1 Østfold Akershus since August 1, 2013. Mr. Hansen served as Deputy Managing Director of SpareBank 1 Østfold Akershus and served as it...
CEO Compensation Analysis
Compensation vs Market: Arild's total compensation ($USD448.79K) is about average for companies of similar size in the Norwegian market ($USD558.47K).
Compensation vs Earnings: Arild's compensation has been consistent with company performance over the past year.
Experienced Management: SOAG's management team is seasoned and experienced (8 years average tenure).
Experienced Board: SOAG's board of directors are considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SpareBank 1 Østfold Akershus's company bio, employee growth, exchange listings and data sources
- Name: SpareBank 1 Østfold Akershus
- Ticker: SOAG
- Exchange: OB
- Founded: 1835
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr3.642b
- Shares outstanding: 12.39m
- Website: https://www.sparebank1.no/nb/ostfold-akershus/privat.html
Number of Employees
- SpareBank 1 Østfold Akershus
- Varnaveien 43E
SpareBank 1 Østfold Akershus, a savings bank, provides various banking products and services in Østfold and the southern part of Akershus. The company offers savings, operating, tax deduction, deposit, pla...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 16:21|
|End of Day Share Price||2021/05/18 00:00|
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.