| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
SOON Overview
SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr52.00 |
| 52 Week High | kr33.70 |
| 52 Week Low | kr52.60 |
| Beta | 0.51 |
| 1 Month Change | 4.21% |
| 3 Month Change | 4.00% |
| 1 Year Change | 43.25% |
| 3 Year Change | 44.04% |
| 5 Year Change | 140.74% |
| Change since IPO | 22.60% |
Recent News & Updates
Increases to CEO Compensation Might Be Put On Hold For Now at SpareBank 1 BV (OB:SBVG)
Despite strong share price growth of 62% for SpareBank 1 BV ( OB:SBVG ) over the last few years, earnings growth has...
Growth Investors: Industry Analysts Just Upgraded Their SpareBank 1 BV (OB:SBVG) Revenue Forecasts By 65%
Shareholders in SpareBank 1 BV ( OB:SBVG ) may be thrilled to learn that the analysts have just delivered a major...
Shareholder Returns
| SOON | NO Banks | NO Market | |
|---|---|---|---|
| 7D | 0.8% | 2.7% | 1.2% |
| 1Y | 43.3% | 45.1% | 26.4% |
Return vs Industry: SOON matched the Norwegian Banks industry which returned 42.5% over the past year.
Return vs Market: SOON exceeded the Norwegian Market which returned 25.9% over the past year.
Price Volatility
| SOON volatility | |
|---|---|
| SOON Beta | 0.51 |
| Industry Beta | 0.87 |
| Market Beta | 1 |
Stable Share Price: SOON is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SOON's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1859 | 530 | Rune Fjeldstad | https://www.sparebank1.no/nb/bv |
SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway. It offers current, deposit, bill, and savings accounts; mortgages; consumer, construction, car, boat, motorcycle, caravan, motorhome, and ATV vehicle loans; and bank guarantee, trade credit, agriculture operating credit, and factoring services, as well as vehicle and equipment leasing services. The company also provides auto, electric car, motorhome, veteran, boat, moped, snowmobile, tractor, bike, caravan, trailer, and ATV vehicle insurance products; and house, property, costume, hearing aid, bell, travel, valuables, life, children, disability, critical illness, accident, and health insurance products, as well as dog, cat, and horse insurance.
SpareBank 1 Sørøst-Norge Fundamentals Summary
| SOON fundamental statistics | |
|---|---|
| Market Cap | kr6.17b |
| Earnings (TTM) | kr368.36m |
| Revenue (TTM) | kr1.40b |
16.8x
P/E Ratio0.6x
P/B RatioIs SOON overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOON income statement (TTM) | |
|---|---|
| Revenue | kr1.40b |
| Cost of Revenue | kr0 |
| Gross Profit | kr1.40b |
| Expenses | kr1.03b |
| Earnings | kr368.36m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 10, 2021
| Earnings per share (EPS) | 3.10 |
| Gross Margin | 100.00% |
| Net Profit Margin | 26.25% |
| Debt/Equity Ratio | 172.5% |
How did SOON perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield61%
Payout RatioValuation
Is SpareBank 1 Sørøst-Norge undervalued compared to its fair value and its price relative to the market?
35.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SOON (NOK52) is trading below our estimate of fair value (NOK80.87)
Significantly Below Fair Value: SOON is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOON is poor value based on its PE Ratio (16.8x) compared to the Norwegian Banks industry average (11.3x).
PE vs Market: SOON is poor value based on its PE Ratio (16.8x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: SOON is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SOON's PB Ratio (0.6x) is in line with the NO Banks industry average.
Future Growth
How is SpareBank 1 Sørøst-Norge forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
23.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOON's forecast earnings growth (23.2% per year) is above the savings rate (1.2%).
Earnings vs Market: SOON's earnings (23.2% per year) are forecast to grow faster than the Norwegian market (10.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SOON's revenue (13.7% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: SOON's revenue (13.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOON's Return on Equity is forecast to be low in 3 years time (9.5%).
Past Performance
How has SpareBank 1 Sørøst-Norge performed over the past 5 years?
15.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOON has high quality earnings.
Growing Profit Margin: SOON's current net profit margins (26.3%) are higher than last year (22%).
Past Earnings Growth Analysis
Earnings Trend: SOON's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: SOON's earnings growth over the past year (40.9%) exceeds its 5-year average (15.6% per year).
Earnings vs Industry: SOON earnings growth over the past year (40.9%) exceeded the Banks industry 26.4%.
Return on Equity
High ROE: SOON's Return on Equity (6.6%) is considered low.
Financial Health
How is SpareBank 1 Sørøst-Norge'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: SOON's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: SOON has a low allowance for bad loans (88%).
Low Risk Liabilities: 73% of SOON's liabilities are made up of primarily low risk sources of funding.
Loan Level: SOON has an appropriate level of Loans to Assets ratio (83%).
Low Risk Deposits: SOON's Loans to Deposits ratio (131%) is high.
Level of Bad Loans: SOON has an appropriate level of bad loans (0.5%).
Dividend
What is SpareBank 1 Sørøst-Norge current dividend yield, its reliability and sustainability?
3.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOON's dividend (3.65%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.86%).
High Dividend: SOON's dividend (3.65%) is low compared to the top 25% of dividend payers in the Norwegian market (5.14%).
Stability and Growth of Payments
Stable Dividend: SOON's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOON's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.2%), SOON's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOON's dividends in 3 years are forecast to be well covered by earnings (45.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average board tenure
CEO
Rune Fjeldstad (59 yo)
6.33yrs
Tenure
kr9,218,000
Compensation
Mr. Rune Fjeldstad has been Chief Executive Officer of SpareBank 1 Sørøst-Norge (formerly known as SpareBank 1 BV) since May 1, 2015 and served as its Director since April 2014 until February 2015. Mr. Fje...
CEO Compensation Analysis
Compensation vs Market: Rune's total compensation ($USD1.07M) is above average for companies of similar size in the Norwegian market ($USD658.87K).
Compensation vs Earnings: Rune's compensation has increased by more than 20% in the past year.
Board Members
Experienced Board: SOON'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.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 88.1%.
Top Shareholders
Company Information
SpareBank 1 Sørøst-Norge's employee growth, exchange listings and data sources
Key Information
- Name: SpareBank 1 Sørøst-Norge
- Ticker: SOON
- Exchange: OB
- Founded: 1859
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr6.172b
- Shares outstanding: 118.69m
- Website: https://www.sparebank1.no/nb/bv
Number of Employees
Location
- SpareBank 1 Sørøst-Norge
- Anton Jenssens gate 2
- Tønsberg
- Vestfold
- 3125
- Norway
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/24 22:57 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.