Sparebanken Øst operates as a savings bank in Eastern Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr51.80|
|52 Week High||kr43.70|
|52 Week Low||kr55.20|
|1 Month Change||2.37%|
|3 Month Change||-0.39%|
|1 Year Change||14.35%|
|3 Year Change||-7.17%|
|5 Year Change||9.05%|
|Change since IPO||-51.59%|
Recent News & Updates
Do Sparebanken Øst's (OB:SPOG) Earnings Warrant Your Attention?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|SPOG||NO Banks||NO Market|
Return vs Industry: SPOG underperformed the Norwegian Banks industry which returned 45.1% over the past year.
Return vs Market: SPOG underperformed the Norwegian Market which returned 26.4% over the past year.
Stable Share Price: SPOG is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SPOG's weekly volatility (2%) has been stable over the past year.
About the Company
Sparebanken Øst operates as a savings bank in Eastern Norway. The company offers financial products, such as savings, credit, and payment products; mortgages on homes; and debenture financing for second-hand cars, as well as services in the areas of financing, savings and investment, and money-transfer. It also distributes insurance, fund shares, interest rate hedging, and currency, as well as operates, manages, leases, and sells real estate properties.
Sparebanken Øst Fundamentals Summary
|SPOG fundamental statistics|
Is SPOG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SPOG income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||4.98|
|Net Profit Margin||13.99%|
How did SPOG perform over the long term?See historical performance and comparison
8.7%Current Dividend Yield
Is Sparebanken Øst 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: SPOG (NOK51.8) is trading below our estimate of fair value (NOK74.29)
Significantly Below Fair Value: SPOG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPOG is good value based on its PE Ratio (10.4x) compared to the Norwegian Banks industry average (11.3x).
PE vs Market: SPOG is good value based on its PE Ratio (10.4x) compared to the Norwegian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: SPOG is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: SPOG is good value based on its PB Ratio (0.2x) compared to the NO Banks industry average (0.6x).
How is Sparebanken Øst forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPOG's forecast earnings growth (9.3% per year) is above the savings rate (1.2%).
Earnings vs Market: SPOG's earnings (9.3% per year) are forecast to grow slower than the Norwegian market (10.2% per year).
High Growth Earnings: SPOG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPOG's revenue (3.6% per year) is forecast to grow slower than the Norwegian market (5.6% per year).
High Growth Revenue: SPOG's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPOG's Return on Equity is forecast to be low in 3 years time (7.2%).
How has Sparebanken Øst performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPOG has a high level of non-cash earnings.
Growing Profit Margin: SPOG's current net profit margins (14%) are lower than last year (17.3%).
Past Earnings Growth Analysis
Earnings Trend: SPOG's earnings have grown by 0.8% per year over the past 5 years.
Accelerating Growth: SPOG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPOG had negative earnings growth (-30.2%) over the past year, making it difficult to compare to the Banks industry average (26.4%).
Return on Equity
High ROE: SPOG's Return on Equity (7.4%) is considered low.
How is Sparebanken Øst'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: SPOG's Assets to Equity ratio (10.7x) is moderate.
Allowance for Bad Loans: Insufficient data to determine if SPOG has a sufficient allowance for bad loans.
Low Risk Liabilities: 61% of SPOG's liabilities are made up of primarily higher risk sources of funding.
Loan Level: SPOG has an appropriate level of Loans to Assets ratio (83%).
Low Risk Deposits: SPOG's Loans to Deposits ratio (233%) is high.
Level of Bad Loans: Insufficient data to determine if SPOG has an appropriate level of bad loans.
What is Sparebanken Øst current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPOG's dividend (8.69%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).
High Dividend: SPOG's dividend (8.69%) is in the top 25% of dividend payers in the Norwegian market (5.16%)
Stability and Growth of Payments
Stable Dividend: SPOG's dividend payments have been volatile in the past 10 years.
Growing Dividend: SPOG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.4%), SPOG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPOG's dividends in 3 years are forecast to be covered by earnings (79.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pal Strand (56 yo)
Mr. Pal Strand serves as a Director of Frende Holding AS. Mr. Strand was appointed as the Chief Executive Officer of Sparebanken Øst on July 1, 2011. Mr. Strand served as its Director of Private & Corporat...
CEO Compensation Analysis
Compensation vs Market: Pal's total compensation ($USD359.05K) is about average for companies of similar size in the Norwegian market ($USD342.22K).
Compensation vs Earnings: Pal's compensation has been consistent with company performance over the past year.
Experienced Management: SPOG's management team is considered experienced (2.9 years average tenure).
Experienced Board: SPOG's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPOG 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 Øst's employee growth, exchange listings and data sources
- Name: Sparebanken Øst
- Ticker: SPOG
- Exchange: OB
- Founded: 1843
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr1.074b
- Shares outstanding: 20.73m
- Website: https://www.oest.no
Number of Employees
- Sparebanken Øst
- Bragernes Torg 2
- PO Box 67
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 16:20|
|End of Day Share Price||2021/09/24 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.