Sparebanken Sør operates as an independent financial institution in Norway. More Details
Undervalued with moderate growth potential.
Share Price & News
How has Sparebanken Sør's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOR is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SOR's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SOR underperformed the Norwegian Banks industry which returned 43.7% over the past year.
Return vs Market: SOR exceeded the Norwegian Market which returned 32.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sparebanken Sør's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StInsider Buying: The Sparebanken Sør (OB:SOR) Chief Executive Officer Just Bought 14% More Shares
1 month ago | Simply Wall StAnalyst Forecasts Just Became More Bearish On Sparebanken Sør (OB:SOR)
2 months ago | Simply Wall StZooming in on OB:SOR's 4.4% Dividend Yield
Is Sparebanken Sør 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: SOR (NOK128.5) is trading below our estimate of fair value (NOK139.96)
Significantly Below Fair Value: SOR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SOR is good value based on its PE Ratio (10.2x) compared to the Norwegian Banks industry average (10.6x).
PE vs Market: SOR is good value based on its PE Ratio (10.2x) compared to the Norwegian market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: SOR is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SOR is good value based on its PB Ratio (0.1x) compared to the NO Banks industry average (0.6x).
How is Sparebanken Sør forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOR's forecast earnings growth (22.7% per year) is above the savings rate (1.2%).
Earnings vs Market: SOR's earnings (22.7% per year) are forecast to grow faster than the Norwegian market (15.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SOR's revenue is expected to decline over the next 3 years (-1.7% per year).
High Growth Revenue: SOR's revenue is forecast to decline over the next 3 years (-1.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOR's Return on Equity is forecast to be low in 3 years time (11%).
How has Sparebanken Sør performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOR has high quality earnings.
Growing Profit Margin: SOR's current net profit margins (7.7%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: SOR has become profitable over the past 5 years, growing earnings by 28.3% per year.
Accelerating Growth: SOR's earnings growth over the past year (12.9%) is below its 5-year average (28.3% per year).
Earnings vs Industry: SOR earnings growth over the past year (12.9%) underperformed the Banks industry 18.7%.
Return on Equity
High ROE: SOR's Return on Equity (8.6%) is considered low.
How is Sparebanken Sør'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: SOR's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: SOR has a low allowance for bad loans (44%).
Low Risk Liabilities: 51% of SOR's liabilities are made up of primarily higher risk sources of funding.
Loan Level: SOR has an appropriate level of Loans to Assets ratio (82%).
Low Risk Deposits: SOR's Loans to Deposits ratio (187%) is high.
Level of Bad Loans: SOR has an appropriate level of bad loans (0.8%).
What is Sparebanken Sør current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOR's dividend (4.67%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.87%).
High Dividend: SOR's dividend (4.67%) is low compared to the top 25% of dividend payers in the Norwegian market (5.05%).
Stability and Growth of Payments
Stable Dividend: SOR's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.8%), SOR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOR's dividends in 3 years are forecast to be covered by earnings (54.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Geir Bergskaug (60 yo)
Mr. Geir Bergskaug has been Chief Executive Officer of Sparebanken Sør since January 1, 2014. Mr. Bergskaug served as Chief Executive Officer of Sparebanken Sør Boligkreditt AS (Former Name: Sør Boligkredi...
CEO Compensation Analysis
Compensation vs Market: Geir's total compensation ($USD895.03K) is above average for companies of similar size in the Norwegian market ($USD484.23K).
Compensation vs Earnings: Geir's compensation has increased by more than 20% in the past year.
Experienced Management: SOR's management team is seasoned and experienced (7.4 years average tenure).
Experienced Board: SOR's board of directors are not considered experienced ( 0.6 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: SOR 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.
Sparebanken Sør's company bio, employee growth, exchange listings and data sources
- Name: Sparebanken Sør
- Ticker: SOR
- Exchange: OB
- Founded: 1824
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr2.013b
- Shares outstanding: 15.66m
- Website: https://www.sor.no
Number of Employees
- Sparebanken Sør
- Rådhusgata 9
Sparebanken Sør operates as an independent financial institution in Norway. The company operates through two segments, Retail Market and Corporate Market. It is involved in banking, securities trading, and...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/22 16:34|
|End of Day Share Price||2021/06/22 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.