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Sogn Sparebank

Market Cap

kr68.1m

Last Updated

2021/05/17 00:43 UTC

Data Sources

Company Financials +

Executive Summary

Sogn Sparebank provides banking products and services in Norway. More Details


Snowflake Analysis

Good value with reasonable growth potential and pays a dividend.

Share Price & News

How has Sogn Sparebank's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

1.9%

SOGN

-0.5%

NO Banks

-2.1%

NO Market


1 Year Return

14.0%

SOGN

58.2%

NO Banks

36.1%

NO Market

Return vs Industry: SOGN underperformed the Norwegian Banks industry which returned 59.8% over the past year.

Return vs Market: SOGN underperformed the Norwegian Market which returned 38.6% over the past year.


Shareholder returns

SOGNIndustryMarket
7 Day1.9%-0.5%-2.1%
30 Day-3.5%-0.8%-2.5%
90 Day0.9%12.1%2.1%
1 Year20.8%14.0%65.2%58.2%41.0%36.1%
3 Year46.8%35.8%36.0%22.9%11.5%-0.7%
5 Year78.9%59.4%123.6%86.2%76.6%44.2%

Long-Term Price Volatility Vs. Market

How volatile is Sogn Sparebank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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 (NOK110) is trading below our estimate of fair value (NOK356.66)

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 (15.4x) compared to the Norwegian Banks industry average (11.2x).

PE vs Market: SOGN is poor value based on its PE Ratio (15.4x) compared to the Norwegian market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: SOGN is good value based on its PEG Ratio (0.5x)


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?

30.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOGN's forecast earnings growth (30.7% per year) is above the savings rate (1.2%).

Earnings vs Market: SOGN's earnings (30.7% per year) are forecast to grow faster than the Norwegian market (17.2% per year).

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

Revenue vs Market: SOGN's revenue (6.6% per year) is forecast to grow faster than the Norwegian market (4.5% per year).

High Growth Revenue: SOGN's revenue (6.6% 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 (5.6%).


Past Performance

How has Sogn Sparebank performed over the past 5 years?

-24.0%

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%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: SOGN's earnings have declined by 24% per year over the past 5 years.

Accelerating Growth: SOGN's earnings growth over the past year (19.7%) exceeds its 5-year average (-24% per year).

Earnings vs Industry: SOGN earnings growth over the past year (19.7%) exceeded the Banks industry 19.2%.


Return on Equity

High ROE: SOGN's Return on Equity (3.6%) 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 (7.7x) 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 (81%).

Low Risk Deposits: SOGN's Loans to Deposits ratio (107%) 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?

3.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SOGN's dividend (3.18%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.89%).

High Dividend: SOGN's dividend (3.18%) is low compared to the top 25% of dividend payers in the Norwegian market (5%).


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 (48.9%), 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 (54% payout ratio).


Next Steps

Management

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

1.9yrs

Average board tenure


CEO

Mads Indrehus (53 yo)

2.08yrs

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 ( 1.9 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sogn Sparebank
  • Ticker: SOGN
  • Exchange: OB
  • Founded: 1971
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr68.096m
  • Shares outstanding: 619.05k
  • Website: https://sognbank.no

Number of Employees


Location

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

Listings


Biography

Sogn Sparebank provides banking products and services in Norway. The company offers saving accounts; saving products comprising bank, fund, and retirement savings; and deposit pension products. It also pro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 00:43
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
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.