SOGN

Sogn SparebankOB:SOGN Stock Report

Market Cap

kr78.6m

7D

0%

1Y

21.0%

Updated

17 Sep, 2021

Data

Company Financials +
SOGN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends4/6

SOGN Overview

Sogn Sparebank provides various banking products and services in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Sogn Sparebank
Historical stock prices
Current Share Pricekr127.00
52 Week Highkr98.00
52 Week Lowkr129.00
Beta0.12
1 Month Change4.96%
3 Month Change13.39%
1 Year Change20.95%
3 Year Change38.04%
5 Year Change85.40%
Change since IPO-20.13%

Recent News & Updates

Feb 14
The Sogn Sparebank (OB:SOGN) Analyst Just Cut Their Revenue Forecast By 24%

The Sogn Sparebank (OB:SOGN) Analyst Just Cut Their Revenue Forecast By 24%

The latest analyst coverage could presage a bad day for Sogn Sparebank ( OB:SOGN ), with the covering analyst making...

Shareholder Returns

SOGNNO BanksNO Market
7D0%-1.1%-0.01%
1Y21.0%37.5%21.3%

Return vs Industry: SOGN underperformed the Norwegian Banks industry which returned 37.5% over the past year.

Return vs Market: SOGN matched the Norwegian Market which returned 21.3% over the past year.

Price Volatility

Is SOGN's price volatile compared to industry and market?
SOGN volatility
SOGN Beta0.12
Industry Beta0.87
Market Beta1

Stable Share Price: SOGN is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SOGN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
184636Mads Indrehushttps://sognbank.no

Sogn Sparebank provides various banking products and services in Norway. The company offers savings products; home loans and small loans, as well as loans for cars and other vehicles; credit and other cards; and mobile and online banking services. It also provides home and leisure, animals, and car and other vehicle insurance products; securities trading services; and payment services.

Sogn Sparebank Fundamentals Summary

How do Sogn Sparebank's earnings and revenue compare to its market cap?
SOGN fundamental statistics
Market Capkr78.62m
Earnings (TTM)kr5.81m
Revenue (TTM)kr155.72m

13.5x

P/E Ratio

0.08x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SOGN income statement (TTM)
Revenuekr155.72m
Cost of Revenuekr0
Gross Profitkr155.72m
Expenseskr149.91m
Earningskr5.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.39
Gross Margin100.00%
Net Profit Margin3.73%
Debt/Equity Ratio90.5%

How did SOGN perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

37%

Payout Ratio

Valuation

Is Sogn Sparebank 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: SOGN (NOK127) is trading below our estimate of fair value (NOK360.23)

Significantly Below Fair Value: SOGN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SOGN is poor value based on its PE Ratio (13.5x) compared to the Norwegian Banks industry average (11.2x).

PE vs Market: SOGN's PE Ratio (13.5x) is in line with the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: SOGN is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: SOGN is good value based on its PB Ratio (0.1x) compared to the NO Banks industry average (0.6x).


Future Growth

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

30.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOGN's forecast earnings growth (30.1% per year) is above the savings rate (1.2%).

Earnings vs Market: SOGN's earnings (30.1% per year) are forecast to grow faster than the Norwegian market (10.2% per year).

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

Revenue vs Market: SOGN's revenue (5.8% per year) is forecast to grow slower than the Norwegian market (5.8% per year).

High Growth Revenue: SOGN's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SOGN's Return on Equity is forecast to be low in 3 years time (5.3%).


Past Performance

How has Sogn Sparebank performed over the past 5 years?

-31.1%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: SOGN's current net profit margins (3.7%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: SOGN's earnings have declined by 31.1% per year over the past 5 years.

Accelerating Growth: SOGN's earnings growth over the past year (173.7%) exceeds its 5-year average (-31.1% per year).

Earnings vs Industry: SOGN earnings growth over the past year (173.7%) exceeded the Banks industry 20.4%.


Return on Equity

High ROE: SOGN's Return on Equity (4.4%) is considered low.


Financial Health

How is Sogn Sparebank'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: SOGN's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: Insufficient data to determine if SOGN has a sufficient allowance for bad loans.

Low Risk Liabilities: 87% of SOGN's liabilities are made up of primarily low risk sources of funding.

Loan Level: SOGN has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: SOGN's Loans to Deposits ratio (97%) is appropriate.

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


Dividend

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

2.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SOGN's dividend (2.76%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).

High Dividend: SOGN's dividend (2.76%) is low compared to the top 25% of dividend payers in the Norwegian market (5.1%).


Stability and Growth of Payments

Stable Dividend: SOGN's dividend payments have been volatile in the past 10 years.

Growing Dividend: SOGN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.3%), SOGN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SOGN's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Mads Indrehus (54 yo)

2.42yrs

Tenure

Mr. Mads Arnfinn Indrehus serves as Chief Executive Officer at Sogn Sparebank since April 1, 2019. Mr. Indrehus serves as Director at Eika Gruppen AS. until 2020.


Board Members

Experienced Board: SOGN's board of directors are not considered experienced ( 2.3 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

Sogn Sparebank's employee growth, exchange listings and data sources


Key Information

  • Name: Sogn Sparebank
  • Ticker: SOGN
  • Exchange: OB
  • Founded: 1846
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr78.619m
  • Shares outstanding: 619.05k
  • Website: https://sognbank.no

Number of Employees


Location

  • Sogn Sparebank
  • Minister Evensensveg 8
  • Årdalstangen
  • Sogn og Fjordane
  • 6885
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 16:20
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
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.