OB:SOAG

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SpareBank 1 Østfold Akershus

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

Established dividend payer 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

-0.7%

SOAG

2.2%

NO Banks

3.6%

NO Market


1 Year Return

8.1%

SOAG

5.7%

NO Banks

15.6%

NO Market

Return vs Industry: SOAG exceeded the Norwegian Banks industry which returned 5.7% over the past year.

Return vs Market: SOAG underperformed the Norwegian Market which returned 15.6% over the past year.


Shareholder returns

SOAGIndustryMarket
7 Day-0.7%2.2%3.6%
30 Day-1.5%3.0%3.8%
90 Day7.2%5.9%10.4%
1 Year14.4%8.1%10.5%5.7%19.9%15.6%
3 Year59.2%34.0%24.9%9.1%18.9%5.1%
5 Year176.3%116.1%116.1%72.5%79.0%44.3%

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?

36.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SOAG (NOK268) is trading below our estimate of fair value (NOK418.6)

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 (10x) compared to the NO Banks industry average (10.4x).

PE vs Market: SOAG is good value based on its PE Ratio (10x) compared to the Norwegian market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: SOAG is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: SOAG is overvalued based on its PB Ratio (0.9x) compared to the NO Banks industry average (0.5x).


Next Steps

Future Growth

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

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOAG's forecast earnings growth (4.6% per year) is above the savings rate (1.4%).

Earnings vs Market: SOAG's earnings (4.6% per year) are forecast to grow slower than the Norwegian market (26.5% per year).

High Growth Earnings: SOAG's earnings are forecast to grow, but not significantly.

Revenue vs Market: SOAG's revenue (4.3% per year) is forecast to grow slower than the Norwegian market (7.5% per year).

High Growth Revenue: SOAG's revenue (4.3% 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 (8.7%).


Next Steps

Past Performance

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

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SOAG has high quality earnings.

Growing Profit Margin: SOAG's current net profit margins (41.8%) are lower than last year (44.7%).


Past Earnings Growth Analysis

Earnings Trend: SOAG's earnings have grown by 10% per year over the past 5 years.

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

Earnings vs Industry: SOAG had negative earnings growth (-10%) over the past year, making it difficult to compare to the Banks industry average (-2.7%).


Return on Equity

High ROE: SOAG's Return on Equity (9.8%) is considered low.


Next Steps

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: 76% 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 (82%).

Low Risk Deposits: SOAG's Loans to Deposits ratio (126%) is high.

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


Next Steps

Dividend

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

5.37%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SOAG's dividend (5.37%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.87%).

High Dividend: SOAG's dividend (5.37%) is in the top 25% of dividend payers in the Norwegian market (5.33%)


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.7%), SOAG's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SOAG's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).


Next Steps

Management

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

10.6yrs

Average management tenure


CEO

Arild Hansen

7.5yrs

Tenure

kr3,714,000

Compensation

Mr. Arild Bjørn Hansen serves as Managing Director at SpareBank 1 Østfold Akershus and served as its Chief Executive Officer. Mr. Hansen served as its Deputy Managing Director.


CEO Compensation Analysis

Compensation vs Market: Arild's total compensation ($USD442.40K) is about average for companies of similar size in the Norwegian market ($USD611.99K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Arild Hansen
Managing Director7.5yrskr3.71m0.035%
NOK 1.2m
Lillian Lundberg
Deputy MD13.67yrskr1.88m0.016%
NOK 530.4k
Jorunn Solstad Ellingsen
Director of HR & Business Supportno datakr1.25m0.0054%
NOK 182.3k
Jon Tormoen
Director of Private Marketno datakr1.55m0.010%
NOK 341.1k
Geir Haugan
Director of Business Development & Marketno datakr1.19m0.0068%
NOK 228.4k
Terese Prebensen
Director of Retail Market2.25yrskr1.53m0.0016%
NOK 53.8k
Ivar Christoffersen
Director of Communicationsno datakr1.31mno data
Magne Kristoffersen
Controllerno datano data0.010%
NOK 341.1k
Tobias Ekstrøm
Financial Controller14.42yrsno data0.0085%
NOK 283.3k
Einar Aas
Manager of Nekor Gårdselskap ASno datakr1.01mno data

10.6yrs

Average Tenure

Experienced Management: SOAG's management team is seasoned and experienced (10.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Per Lilleng
Chairman1.83yrsno data0.036%
NOK 1.2m
Unni Radalen
Director1.83yrsno datano data
Tom Pettersen Grip
Director10.08yrskr90.00k0.0070%
NOK 235.4k
Ellen Vanem
Deputy Directorno datakr90.00kno data
Hans-Olav Bjerketvedt
Member of Supervisory Boardno datano datano data
Erling Nord-Varhaug
Member of Supervisory Boardno datano datano data
Elisabeth Snerlebakken
Employee Representative Director1.08yrsno data0.0035%
NOK 117.4k
Tollef Jensen
Supervisory Board Chairmanno datano datano data
Elin Hagen
Deputy Chairman1.83yrskr97.00k0.0038%
NOK 125.7k
Kristin Utakleiv
Director3.83yrskr90.00k0.0011%
NOK 36.5k
Vidar Lofshus
Director4.83yrskr139.00k0.0053%
NOK 178.9k
Oystein Larsen
Director4.83yrskr120.00kno data

2.8yrs

Average Tenure

51yo

Average Age

Experienced Board: SOAG's board of directors are not considered experienced ( 2.8 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 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOAGOB (Oslo Bors)YesPrimary Capital CertificatesNONOKNov 2005
SOAGOBATS-CHIXE (BATS 'Chi-X Europe')YesPrimary Capital CertificatesGBNOKNov 2005

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 Analysis2021/02/26 17:22
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
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.