SVEG Stock Overview

A financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway. More details

SVEG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	5/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 55.1% below our estimate of its fair value

Earnings are forecast to grow 22.38% per year

Earnings grew by 42.6% over the past year

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Sparebanken Vest Competitors

SpareBank 1 Østlandet

OB:SPOL

NOK 18.2b

Sparebanken Sør

OB:SOR

NOK 8.2b

SpareBank 1 Ringerike Hadeland

OB:RING

NOK 5.1b

Pareto Bank

OB:PARB

NOK 5.2b

Price History & Performance

Summary of share price highs, lows and changes for Sparebanken Vest
Historical stock prices
Current Share Price	NOK 140.86
52 Week High	NOK 143.20
52 Week Low	NOK 104.60
Beta	0.75
1 Month Change	7.77%
3 Month Change	13.65%
1 Year Change	29.94%
3 Year Change	36.23%
5 Year Change	111.50%
Change since IPO	174.85%

Industry Analysts Just Made A Sizeable Upgrade To Their Sparebanken Vest (OB:SVEG) Revenue Forecasts

Nov 14

Recent updates

Industry Analysts Just Made A Sizeable Upgrade To Their Sparebanken Vest (OB:SVEG) Revenue Forecasts

Nov 14

Sparebanken Vest Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Aug 16

Sparebanken Vest's (OB:SVEG) Dividend Will Be Increased To NOK7.50

Feb 22

Sparebanken Vest (OB:SVEG) Is Paying Out A Larger Dividend Than Last Year

Feb 04

If EPS Growth Is Important To You, Sparebanken Vest (OB:SVEG) Presents An Opportunity

Aug 14

Here's Why We Think Sparebanken Vest (OB:SVEG) Might Deserve Your Attention Today

May 10

Sparebanken Vest (OB:SVEG) Is Increasing Its Dividend To NOK5.50

Feb 05

Here's Why We Think Sparebanken Vest (OB:SVEG) Is Well Worth Watching

Dec 26

Here's Why We Think Sparebanken Vest (OB:SVEG) Might Deserve Your Attention Today

Aug 02

Sparebanken Vest's (OB:SVEG) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 08

Sparebanken Vest (OB:SVEG) Is Paying Out A Larger Dividend Than Last Year

Feb 22

Sparebanken Vest's (OB:SVEG) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 05

If You Like EPS Growth Then Check Out Sparebanken Vest (OB:SVEG) Before It's Too Late

Jan 12

Shareholders Of Sparebanken Vest (OB:SVEG) Must Be Happy With Their 181% Total Return

Jan 26

How Many Sparebanken Vest (OB:SVEG) Shares Do Institutions Own?

Dec 22

Is Sparebanken Vest (OB:SVEG) A Smart Choice For Dividend Investors?

Nov 24

Shareholder Returns

	SVEG	NO Banks	NO Market
7D	-0.01%	1.2%	3.0%
1Y	29.9%	11.2%	2.5%

Return vs Industry: SVEG exceeded the Norwegian Banks industry which returned 11.2% over the past year.

Return vs Market: SVEG exceeded the Norwegian Market which returned 2.5% over the past year.

Price Volatility

Is SVEG's price volatile compared to industry and market?
SVEG volatility
SVEG Average Weekly Movement	2.7%
Banks Industry Average Movement	2.6%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	11.5%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: SVEG has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: SVEG's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1823	797	Jan Kjerpeseth	www.spv.no

Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway. The company operates through Corporate Market, Retail Market, Bulder Bank, Treasury, and Estate Agency Activities segments. It is also involved in home mortgage activities.

Sparebanken Vest Fundamentals Summary

How do Sparebanken Vest's earnings and revenue compare to its market cap?
SVEG fundamental statistics
Market cap	NOK 15.45b
Earnings (TTM)	NOK 1.79b
Revenue (TTM)	NOK 7.32b

8.6x

P/E Ratio

0.6x

P/B Ratio

Is SVEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SVEG income statement (TTM)
Revenue	NOK 7.32b
Cost of Revenue	NOK 0
Gross Profit	NOK 7.32b
Other Expenses	NOK 5.53b
Earnings	NOK 1.79b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 07, 2025

Earnings per share (EPS)	16.34
Gross Margin	100.00%
Net Profit Margin	24.48%
Debt/Equity Ratio	660.5%

How did SVEG perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

46%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 00:20
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sparebanken Vest is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jan Gjerland	ABG Sundal Collier
Fridtjof Berents	Arctic Securities ASA
Geir Kristiansen	Beringer Finance AB

SVEG Stock Overview

Rewards

Risk Analysis

Sparebanken Vest Competitors

OB:SPOL

NOK 18.2b

OB:SOR

NOK 8.2b

OB:RING

NOK 5.1b

OB:PARB

NOK 5.2b

Price History & Performance

Recent News & Updates

Executive VP recently sold kr650k worth of stock

Industry Analysts Just Made A Sizeable Upgrade To Their Sparebanken Vest (OB:SVEG) Revenue Forecasts

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Sparebanken Vest, Annual General Meeting, Mar 27, 2025

Sparebanken Vest to Report Q4, 2024 Results on Feb 07, 2025

Sparebanken Vest (OB:SVEG) agreed to acquire Sparebanken Sør (OB:SOR).

Recent updates

Executive VP recently sold kr650k worth of stock

Industry Analysts Just Made A Sizeable Upgrade To Their Sparebanken Vest (OB:SVEG) Revenue Forecasts

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Sparebanken Vest, Annual General Meeting, Mar 27, 2025

Sparebanken Vest to Report Q4, 2024 Results on Feb 07, 2025

Sparebanken Vest (OB:SVEG) agreed to acquire Sparebanken Sør (OB:SOR).

Sparebanken Vest Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS exceeds analyst expectations

Less than half of directors are independent

Upcoming dividend of kr7.50 per share

Sparebanken Vest's (OB:SVEG) Dividend Will Be Increased To NOK7.50

Sparebanken Vest (OB:SVEG) Is Paying Out A Larger Dividend Than Last Year

Full year 2023 earnings: Revenues in line with analyst expectations

Final dividend of kr7.50 announced

Frendegruppen Announces Board Changes

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of kr3.00 per share at 5.2% yield

Sparebanken Vest Proposes Additional Profit Distribution for the Accounting Year 2022, Payable on or Around 1 November 2023

If EPS Growth Is Important To You, Sparebanken Vest (OB:SVEG) Presents An Opportunity

Second quarter 2023 earnings: EPS exceeds analyst expectations

Here's Why We Think Sparebanken Vest (OB:SVEG) Might Deserve Your Attention Today

Upcoming dividend of kr5.50 per share at 6.1% yield

Sparebanken Vest (OB:SVEG) Is Increasing Its Dividend To NOK5.50

Full year 2022 earnings: Revenues miss analyst expectations

Sparebanken Vest Proposes Dividend for the Financial Year 2022

Sparebanken Vest to Report Fiscal Year 2022 Final Results on Mar 31, 2023

Here's Why We Think Sparebanken Vest (OB:SVEG) Is Well Worth Watching

Sparebanken Vest (OB:SVEG) completed the acquisition of Etne Sparebank.

Independent Deputy Chairman recently bought kr63k worth of stock

Less than half of directors are independent

Now 21% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: kr2.07 (vs kr2.17 in 2Q 2021)

Consensus EPS estimates increase by 12%

Sparebanken Vest Appoints Jostein Lid as Nomination Committee Member

Sparebanken Vest, Annual General Meeting, Mar 22, 2023

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2022 earnings: EPS exceeds analyst expectations

Here's Why We Think Sparebanken Vest (OB:SVEG) Might Deserve Your Attention Today

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of kr4.50 per share

Sparebanken Vest's (OB:SVEG) Shareholders Will Receive A Bigger Dividend Than Last Year

Sparebanken Vest (OB:SVEG) entered into an agreement to acquire Etne Sparebank

Sparebanken Vest (OB:SVEG) Is Paying Out A Larger Dividend Than Last Year

Sparebanken Vest's (OB:SVEG) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2021 earnings: Revenues exceed analyst expectations

Sparebanken Vest Proposes Dividend for the Year 2021

If You Like EPS Growth Then Check Out Sparebanken Vest (OB:SVEG) Before It's Too Late

Third quarter 2021 earnings released: EPS kr2.31 (vs kr1.58 in 3Q 2020)

Here's Why We Think Sparebanken Vest (OB:SVEG) Is Well Worth Watching

Second quarter 2021 earnings released: EPS kr2.17 (vs kr1.79 in 2Q 2020)

Independent Director recently bought kr62k worth of stock

First quarter 2021 earnings released