Sogn Sparebank provides banking products and services in Norway. More Details
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.
7 Day Return
1 Year Return
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.
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
3 weeks ago | Simply Wall StDon't Race Out To Buy Sogn Sparebank (OB:SOGN) Just Because It's Going Ex-Dividend
1 month ago | Simply Wall StSogn Sparebank (OB:SOGN) Shareholders Have Enjoyed A 59% Share Price Gain
3 months ago | Simply Wall StThe Sogn Sparebank (OB:SOGN) Analyst Just Cut Their Revenue Forecast By 24%
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 (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).
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 (30.7% 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%).
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%) 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.
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 (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.
What is Sogn Sparebank current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mads Indrehus (53 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 ( 1.9 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 company bio, employee growth, exchange listings and data sources
- 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
- Sogn Sparebank
- Evensensveg 8
- Sogn og Fjordane
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/17 00:43|
|End of Day Share Price||2021/05/14 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.