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SpareBank 1 Østfold Akershus

Market Cap

kr3.6b

Last Updated

2021/05/18 16:21 UTC

Data Sources

Company Financials +

Executive Summary

SpareBank 1 Østfold Akershus, a savings bank, provides various banking products and services in Østfold and the southern part of Akershus. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

1.4%

SOAG

1.1%

NO Banks

-0.7%

NO Market


1 Year Return

29.6%

SOAG

53.0%

NO Banks

34.5%

NO Market

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.


Shareholder returns

SOAGIndustryMarket
7 Day1.4%1.1%-0.7%
30 Day6.4%-0.8%-2.5%
90 Day13.7%11.3%2.7%
1 Year31.1%29.6%59.9%53.0%39.4%34.5%
3 Year79.6%56.8%34.5%21.6%11.6%-0.5%
5 Year206.3%144.3%121.5%84.5%75.4%43.4%

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

Valuation

Is SpareBank 1 Østfold Akershus undervalued compared to its fair value and its price relative to the market?

37.5%

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).


Future Growth

How is SpareBank 1 Østfold Akershus forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-2.4%

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%).


Past Performance

How has SpareBank 1 Østfold Akershus performed over the past 5 years?

7.6%

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.


Financial Health

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


Balance Sheet


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.


Dividend

What is SpareBank 1 Østfold Akershus's current dividend yield, its reliability and sustainability?

1.17%

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).


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Arild Hansen (51 yo)

7.75yrs

Tenure

kr3,714,000

Compensation

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.


Leadership Team

Experienced Management: SOAG's management team is seasoned and experienced (8 years average tenure).


Board Members

Experienced Board: SOAG's board of directors are considered experienced (3.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SpareBank 1 Østfold Akershus's company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • SpareBank 1 Østfold Akershus
  • Varnaveien 43E
  • Moss
  • Østfold
  • 1526
  • Norway

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 16:21
End of Day Share Price2021/05/18 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.