Executive Summary
Voss Veksel- og Landmandsbank ASA provides financial products and services to private individuals and corporate customers 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
3.6%
VVL
0.4%
NO Banks
0.3%
NO Market
1 Year Return
7.5%
VVL
7.5%
NO Banks
14.6%
NO Market
Return vs Industry: VVL matched the Norwegian Banks industry which returned 7.5% over the past year.
Return vs Market: VVL underperformed the Norwegian Market which returned 14.6% over the past year.
Shareholder returns
| VVL | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | 0.4% | 0.3% |
| 30 Day | 4.9% | 1.7% | 3.1% |
| 90 Day | 6.9% | 5.9% | 9.1% |
| 1 Year | 7.5%7.5% | 12.4%7.5% | 18.9%14.6% |
| 3 Year | 45.2%34.6% | 26.1%10.2% | 18.5%4.7% |
| 5 Year | 67.1%44.9% | 112.1%69.3% | 71.8%38.5% |
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
2 months ago | Simply Wall St
Is Voss Veksel- og Landmandsbank ASA (OB:VVL) A Good Fit For Your Dividend Portfolio?5 months ago | Simply Wall St
Is Voss Veksel- og Landmandsbank ASA (OB:VVL) The Right Choice For A Smart Dividend Investor?8 months ago | Simply Wall St
Did Voss Veksel- og Landmandsbank's (OB:VVL) Share Price Deserve to Gain 19%?Valuation
Is Voss Veksel- og Landmandsbank undervalued compared to its fair value and its price relative to the market?
0.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VVL (NOK171) is trading below our estimate of fair value (NOK171.74)
Significantly Below Fair Value: VVL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VVL is poor value based on its PE Ratio (11.4x) compared to the NO Banks industry average (10.4x).
PE vs Market: VVL is good value based on its PE Ratio (11.4x) compared to the Norwegian market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: VVL is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: VVL is overvalued based on its PB Ratio (0.6x) compared to the NO Banks industry average (0.5x).
Next Steps
Future Growth
How is Voss Veksel- og Landmandsbank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
11.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VVL's forecast earnings growth (11.4% per year) is above the savings rate (1.4%).
Earnings vs Market: VVL's earnings (11.4% per year) are forecast to grow slower than the Norwegian market (26.6% per year).
High Growth Earnings: VVL's earnings are forecast to grow, but not significantly.
Revenue vs Market: VVL's revenue (7.8% per year) is forecast to grow faster than the Norwegian market (7.6% per year).
High Growth Revenue: VVL's revenue (7.8% 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 (8.7%).
Next Steps
Past Performance
How has Voss Veksel- og Landmandsbank performed over the past 5 years?
15.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VVL has high quality earnings.
Growing Profit Margin: VVL's current net profit margins (33.6%) are lower than last year (42.9%).
Past Earnings Growth Analysis
Earnings Trend: VVL's earnings have grown by 15.7% 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 (-28.8%) over the past year, making it difficult to compare to the Banks industry average (-2.7%).
Return on Equity
High ROE: VVL's Return on Equity (5.5%) is considered low.
Next Steps
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 (9.7x) is low.
Allowance for Bad Loans: Insufficient data to determine if VVL has a sufficient allowance for bad loans.
Low Risk Liabilities: 75% 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 (84%).
Low Risk Deposits: VVL's Loans to Deposits ratio (124%) is appropriate.
Level of Bad Loans: Insufficient data to determine if VVL has an appropriate level of bad loans.
Next Steps
Dividend
What is Voss Veksel- og Landmandsbank current dividend yield, its reliability and sustainability?
6.02%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VVL's dividend (6.02%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.06%).
High Dividend: VVL's dividend (6.02%) is in the top 25% of dividend payers in the Norwegian market (5.33%)
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 (68.8%), 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 (44.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Stig Røthe
3.42yrs
Tenure
Mr. Stig Gunnar Røthe serves as Chief Executive Officer and served as a Director of Voss Veksel- og Landmandsbank ASA.
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: kr365.817m
- Shares outstanding: 2.20m
- Website: https://vekselbanken.no
Location
- Voss Veksel- og Landmandsbank ASA
- Vangsgata 24
- Voss
- Hordaland
- 5700
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VVL | OB (Oslo Bors) | Yes | Share Capital | NO | NOK | May 1993 |
| VVLO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | NOK | May 1993 |
Biography
Voss Veksel- og Landmandsbank ASA provides financial products and services to private individuals and corporate customers in Norway. The company offers saving accounts; construction, corporate, car, and ot...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 17:25 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| 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.