Executive Summary
Voss Veksel- og Landmandsbank ASA provides banking products and services to private individuals and companies in Norway. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with adequate balance sheet.
Share Price & News
How has Voss Veksel- og Landmandsbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VVL is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: VVL's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0.5%
VVL
-1.1%
NO Banks
-0.01%
NO Market
1 Year Return
18.4%
VVL
37.5%
NO Banks
21.3%
NO Market
Return vs Industry: VVL underperformed the Norwegian Banks industry which returned 37.5% over the past year.
Return vs Market: VVL underperformed the Norwegian Market which returned 21.3% over the past year.
Shareholder returns
| VVL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -1.1% | -0.01% |
| 30 Day | 3.3% | -0.8% | 0.7% |
| 90 Day | 5.7% | 1.7% | 4.0% |
| 1 Year | 25.3%18.4% | 41.9%37.5% | 28.3%21.3% |
| 3 Year | 58.4%42.7% | 45.8%30.1% | 18.6%5.1% |
| 5 Year | 89.6%59.8% | 147.0%101.2% | 81.2%48.3% |
Long-Term Price Volatility Vs. Market
How volatile is Voss Veksel- og Landmandsbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall St
Is It Smart To Buy Voss Veksel- og Landmandsbank ASA (OB:VVL) Before It Goes Ex-Dividend?4 months ago | Simply Wall St
Should Voss Veksel- og Landmandsbank ASA (OB:VVL) Be Part Of Your Dividend Portfolio?Valuation
Is Voss Veksel- og Landmandsbank undervalued compared to its fair value and its price relative to the market?
10.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VVL (NOK187) is trading above our estimate of fair value (NOK185.82)
Significantly Below Fair Value: VVL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VVL is good value based on its PE Ratio (10.4x) compared to the Norwegian Banks industry average (11.2x).
PE vs Market: VVL is good value based on its PE Ratio (10.4x) compared to the Norwegian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: VVL is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: VVL's PB Ratio (0.7x) is in line with the NO Banks industry average.
Future Growth
How is Voss Veksel- og Landmandsbank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
8.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VVL's forecast earnings growth (8.7% per year) is above the savings rate (1.2%).
Earnings vs Market: VVL's earnings (8.7% per year) are forecast to grow slower than the Norwegian market (10.2% per year).
High Growth Earnings: VVL's earnings are forecast to grow, but not significantly.
Revenue vs Market: VVL's revenue (6% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: VVL's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VVL's Return on Equity is forecast to be low in 3 years time (8.1%).
Past Performance
How has Voss Veksel- og Landmandsbank performed over the past 5 years?
11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VVL has high quality earnings.
Growing Profit Margin: VVL's current net profit margins (37%) are lower than last year (39.6%).
Past Earnings Growth Analysis
Earnings Trend: VVL's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: VVL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VVL had negative earnings growth (-4.6%) over the past year, making it difficult to compare to the Banks industry average (20.4%).
Return on Equity
High ROE: VVL's Return on Equity (6.6%) is considered low.
Financial Health
How is Voss Veksel- og Landmandsbank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VVL's Assets to Equity ratio (9.5x) is low.
Allowance for Bad Loans: Insufficient data to determine if VVL has a sufficient allowance for bad loans.
Low Risk Liabilities: 77% of VVL's liabilities are made up of primarily low risk sources of funding.
Loan Level: VVL has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: VVL's Loans to Deposits ratio (125%) is appropriate.
Level of Bad Loans: Insufficient data to determine if VVL has an appropriate level of bad loans.
Dividend
What is Voss Veksel- og Landmandsbank current dividend yield, its reliability and sustainability?
5.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VVL's dividend (5.51%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).
High Dividend: VVL's dividend (5.51%) is in the top 25% of dividend payers in the Norwegian market (5.1%)
Stability and Growth of Payments
Stable Dividend: VVL's dividend payments have been volatile in the past 10 years.
Growing Dividend: VVL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.8%), VVL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VVL's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Voss Veksel- og Landmandsbank has no CEO, or we have no data on them.
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Voss Veksel- og Landmandsbank ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Voss Veksel- og Landmandsbank ASA
- Ticker: VVL
- Exchange: OB
- Founded: 1843
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr412.095m
- Shares outstanding: 2.20m
- Website: https://vekselbanken.no
Number of Employees
Location
- Voss Veksel- og Landmandsbank ASA
- Vangsgata 24
- Voss
- Hordaland
- 5700
- Norway
Listings
Biography
Voss Veksel- og Landmandsbank ASA provides banking products and services to private individuals and companies in Norway. The company offers saving accounts; car and other vehicle, home, small, and construc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/17 16:20 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.