Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway. More Details
Very undervalued with solid track record and pays a dividend.
Share Price & News
How has Sparebanken Vest's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SVEG is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SVEG's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SVEG underperformed the Norwegian Banks industry which returned 38.1% over the past year.
Return vs Market: SVEG exceeded the Norwegian Market which returned 20.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sparebanken Vest's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StShareholders Of Sparebanken Vest (OB:SVEG) Must Be Happy With Their 236% Total Return
2 months ago | Simply Wall StDid Sparebanken Vest (OB:SVEG) Insiders Buy Up More Shares?
4 months ago | Simply Wall StCould The Sparebanken Vest (OB:SVEG) Ownership Structure Tell Us Something Useful?
Is Sparebanken Vest 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: SVEG (NOK89.5) is trading below our estimate of fair value (NOK126.86)
Significantly Below Fair Value: SVEG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SVEG is good value based on its PE Ratio (10.3x) compared to the Norwegian Banks industry average (11.2x).
PE vs Market: SVEG is good value based on its PE Ratio (10.3x) compared to the Norwegian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: SVEG is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SVEG is good value based on its PB Ratio (0.5x) compared to the NO Banks industry average (0.6x).
How is Sparebanken Vest 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: SVEG's forecast earnings growth (13.8% per year) is above the savings rate (1.2%).
Earnings vs Market: SVEG's earnings (13.8% per year) are forecast to grow faster than the Norwegian market (10.1% per year).
High Growth Earnings: SVEG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SVEG's revenue (5.6% per year) is forecast to grow slower than the Norwegian market (5.8% per year).
High Growth Revenue: SVEG's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SVEG's Return on Equity is forecast to be low in 3 years time (12.2%).
How has Sparebanken Vest performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SVEG has high quality earnings.
Growing Profit Margin: SVEG's current net profit margins (21.7%) are higher than last year (15.6%).
Past Earnings Growth Analysis
Earnings Trend: SVEG's earnings have grown significantly by 21.8% per year over the past 5 years.
Accelerating Growth: SVEG's earnings growth over the past year (60.3%) exceeds its 5-year average (21.8% per year).
Earnings vs Industry: SVEG earnings growth over the past year (60.3%) exceeded the Banks industry 20.4%.
Return on Equity
High ROE: SVEG's Return on Equity (12.4%) is considered low.
How is Sparebanken Vest'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: SVEG's Assets to Equity ratio (11.6x) is moderate.
Allowance for Bad Loans: SVEG has a sufficient allowance for bad loans (185%).
Low Risk Liabilities: 57% of SVEG's liabilities are made up of primarily higher risk sources of funding.
Loan Level: SVEG has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: SVEG's Loans to Deposits ratio (218%) is high.
Level of Bad Loans: SVEG has an appropriate level of bad loans (0.3%).
What is Sparebanken Vest current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SVEG's dividend (4.47%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.81%).
High Dividend: SVEG's dividend (4.47%) is low compared to the top 25% of dividend payers in the Norwegian market (5.08%).
Stability and Growth of Payments
Stable Dividend: SVEG's dividend payments have been volatile in the past 10 years.
Growing Dividend: SVEG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.2%), SVEG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SVEG's dividends in 3 years are forecast to be covered by earnings (50.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jan Kjerpeseth (50 yo)
Mr. Jan Erik Kjerpeseth serves as the Chairman of Frende Holding AS. Mr. Kjerpeseth has been Chairman of the Board at BKK AS (formerly known as Bergenshalvøens Kommunale Kraftselskap AS) since June 07, 201...
CEO Compensation Analysis
Compensation vs Market: Jan's total compensation ($USD803.56K) is about average for companies of similar size in the Norwegian market ($USD669.72K).
Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.
Experienced Management: SVEG's management team is considered experienced (2 years average tenure).
Experienced Board: SVEG's board of directors are considered experienced (4.5 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sparebanken Vest's company bio, employee growth, exchange listings and data sources
- Name: Sparebanken Vest
- Ticker: SVEG
- Exchange: OB
- Founded: 1823
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr9.596b
- Shares outstanding: 107.22m
- Website: https://www.spv.no
Number of Employees
- Sparebanken Vest
- Jonsvollsgaten 2
Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway. It operates through Corporate Market, Retail Market, Bulder Bank, T...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 16:21|
|End of Day Share Price||2021/09/17 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.