Sogn Sparebank provides various banking products and services in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr127.00|
|52 Week High||kr98.00|
|52 Week Low||kr129.00|
|1 Month Change||4.96%|
|3 Month Change||13.39%|
|1 Year Change||20.95%|
|3 Year Change||38.04%|
|5 Year Change||85.40%|
|Change since IPO||-20.13%|
Recent News & Updates
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...
|SOGN||NO Banks||NO Market|
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.
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
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
|SOGN fundamental statistics|
Is SOGN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SOGN income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||9.39|
|Net Profit Margin||3.73%|
How did SOGN perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Sogn Sparebank 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: 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).
How is Sogn Sparebank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%).
How has Sogn Sparebank performed over the past 5 years?
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.
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
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.
What is Sogn Sparebank current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mads Indrehus (54 yo)
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.
Experienced Board: SOGN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Sogn Sparebank's employee growth, exchange listings and data sources
- 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
- Sogn Sparebank
- Minister Evensensveg 8
- Sogn og Fjordane
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/17 16:20|
|End of Day Share Price||2021/09/15 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.