SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies. More Details
Good value with adequate balance sheet.
Share Price & News
How has SpareBank 1 Østlandet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPOL is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SPOL's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SPOL matched the Norwegian Banks industry which returned 10.5% over the past year.
Return vs Market: SPOL underperformed the Norwegian Market which returned 16.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SpareBank 1 Østlandet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StRichard Heiberg Is The Chief Executive Officer of SpareBank 1 Østlandet (OB:SPOL) And They Just Picked Up 4.9% More Shares
2 weeks ago | Simply Wall StHere's What SpareBank 1 Østlandet's (OB:SPOL) Shareholder Ownership Structure Looks Like
1 month ago | Simply Wall StSpareBank 1 Østlandet (OB:SPOL) Shareholders Have Enjoyed A 11% Share Price Gain
Is SpareBank 1 Østlandet 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: SPOL (NOK105.6) is trading below our estimate of fair value (NOK141.14)
Significantly Below Fair Value: SPOL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPOL is poor value based on its PE Ratio (11x) compared to the NO Banks industry average (10.8x).
PE vs Market: SPOL is good value based on its PE Ratio (11x) compared to the Norwegian market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: SPOL is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: SPOL is overvalued based on its PB Ratio (0.7x) compared to the NO Banks industry average (0.5x).
How is SpareBank 1 Østlandet forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPOL's forecast earnings growth (20.1% per year) is above the savings rate (1.4%).
Earnings vs Market: SPOL's earnings (20.1% per year) are forecast to grow slower than the Norwegian market (26.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPOL's revenue (7.9% per year) is forecast to grow faster than the Norwegian market (7.5% per year).
High Growth Revenue: SPOL's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPOL's Return on Equity is forecast to be low in 3 years time (10.4%).
How has SpareBank 1 Østlandet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPOL has high quality earnings.
Growing Profit Margin: SPOL's current net profit margins (28.9%) are lower than last year (31.4%).
Past Earnings Growth Analysis
Earnings Trend: SPOL's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: SPOL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPOL had negative earnings growth (-17%) over the past year, making it difficult to compare to the Banks industry average (-2.7%).
Return on Equity
High ROE: SPOL's Return on Equity (9.4%) is considered low.
How is SpareBank 1 Østlandet'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: SPOL's Assets to Equity ratio (8.5x) is low.
Allowance for Bad Loans: SPOL has a low allowance for bad loans (99%).
Low Risk Liabilities: 66% of SPOL's liabilities are made up of primarily low risk sources of funding.
Loan Level: SPOL has an appropriate level of Loans to Assets ratio (78%).
Low Risk Deposits: SPOL's Loans to Deposits ratio (133%) is high.
Level of Bad Loans: SPOL has an appropriate level of bad loans (0.4%).
What is SpareBank 1 Østlandet current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SPOL's dividend (4.54%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.01%).
High Dividend: SPOL's dividend (4.54%) is low compared to the top 25% of dividend payers in the Norwegian market (5.29%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SPOL has been paying a dividend for less than 10 years.
Growing Dividend: SPOL's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.1%), SPOL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPOL's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Heiberg (64 yo)
Mr. Richard H. Heiberg has been Deputy Chairman of the Board at SpareBank 1 Gruppen AS since April 4, 2018 and serves as its Director. He has been the Chief Executive Officer of SpareBank 1 Østlandet (form...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD596.59K) is about average for companies of similar size in the Norwegian market ($USD594.06K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||10.75yrs||kr5.06m||0.093% |
|Chief Financial Officer||4.25yrs||kr3.37m||0.034% |
|Chief Operations Officer||1.75yrs||kr2.12m||no data|
|Head of HR & Legal||no data||kr2.33m||0.0057% |
|Head of Communications||no data||kr2.17m||no data|
|Head of Corporate Banking||no data||kr2.76m||no data|
|Head of Innovation & Business Development||no data||kr2.69m||0.0062% |
|Chief Risk Officer||no data||kr2.27m||0.0044% |
|Head of Retail Banking||no data||kr2.92m||no data|
|Head of Organizations & Capital Markets||no data||kr2.23m||0.0054% |
|Managing Director of EiendomsMegler 1 Innlandet AS||8.33yrs||kr1.68m||no data|
|Managing Director of Sparebank 1 Finans Østlandet AS||4.83yrs||kr1.86m||no data|
Experienced Management: SPOL's management team is considered experienced (4.8 years average tenure).
|Chair of the Board||9.17yrs||kr364.00k||no data|
|Deputy Chairman of the Board||5.17yrs||kr287.00k||no data|
|Chief Employee Representative Director||13.17yrs||kr1.06m||no data|
|Member of the Board of Representatives||no data||kr24.00k||no data|
|Chairman of the Supervisory Board||no data||kr6.00k||no data|
|Deputy Chairman of supervisory board||3yrs||no data||no data|
|Deputy Director||no data||kr103.00k||no data|
|Employee Representative Director||1.17yrs||kr967.00k||no data|
Experienced Board: SPOL's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPOL 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.
SpareBank 1 Østlandet's company bio, employee growth, exchange listings and data sources
- Name: SpareBank 1 Østlandet
- Ticker: SPOL
- Exchange: OB
- Founded: 1845
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr12.278b
- Shares outstanding: 115.83m
- Website: https://www.sparebank1.no/en/ostlandet/personal.html
Number of Employees
- SpareBank 1 Østlandet
- Strandgata 15
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPOL||OB (Oslo Bors)||Yes||Equity Capital Instruments||NO||NOK||Jun 2017|
|2SF||DB (Deutsche Boerse AG)||Yes||Equity Capital Instruments||DE||EUR||Jun 2017|
|0RU6||LSE (London Stock Exchange)||Yes||Equity Capital Instruments||GB||NOK||Jun 2017|
|SPOLO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Equity Capital Instruments||GB||NOK||Jun 2017|
|SPRB.F||OTCPK (Pink Sheets LLC)||Yes||Equity Capital Instruments||US||USD||Jun 2017|
SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies. It offers retail and corporate banking services, deposits, loans, sa...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/04 17:21|
|End of Day Share Price||2021/03/04 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.