OB:VVL

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Voss Veksel- og Landmandsbank

Executive Summary

Voss Veksel- og Landmandsbank ASA provides financial products and services to private individuals and corporate customers in Norway. More Details


Snowflake Analysis

Undervalued average dividend payer.

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

-0.6%

VVL

-1.8%

NO Banks

0.1%

NO Market


1 Year Return

3.2%

VVL

1.5%

NO Banks

-0.7%

NO Market

Return vs Industry: VVL exceeded the Norwegian Banks industry which returned 1.5% over the past year.

Return vs Market: VVL exceeded the Norwegian Market which returned -0.7% over the past year.


Shareholder returns

VVLIndustryMarket
7 Day-0.6%-1.8%0.1%
30 Day2.6%18.2%12.7%
90 Day4.6%14.0%8.8%
1 Year3.2%3.2%2.6%1.5%2.9%-0.7%
3 Year37.7%27.7%18.1%6.7%10.3%-2.1%
5 Year50.9%30.9%85.2%53.2%57.9%26.7%

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

Valuation

Is Voss Veksel- og Landmandsbank undervalued compared to its fair value and its price relative to the market?

31.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VVL (NOK159) is trading below our estimate of fair value (NOK231.82)

Significantly Below Fair Value: VVL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VVL is good value based on its PE Ratio (8.8x) compared to the NO Banks industry average (9.6x).

PE vs Market: VVL is good value based on its PE Ratio (8.8x) compared to the Norwegian market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: VVL is good 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?

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VVL's forecast earnings growth (8.9% per year) is above the savings rate (1.6%).

Earnings vs Market: VVL's earnings (8.9% per year) are forecast to grow slower than the Norwegian market (34.2% per year).

High Growth Earnings: VVL's earnings are forecast to grow, but not significantly.

Revenue vs Market: VVL's revenue (7.9% per year) is forecast to grow faster than the Norwegian market (6.4% per year).

High Growth Revenue: VVL'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: VVL's Return on Equity is forecast to be low in 3 years time (8%).


Next Steps

Past Performance

How has Voss Veksel- og Landmandsbank performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VVL has high quality earnings.

Growing Profit Margin: VVL's current net profit margins (39.8%) are lower than last year (41.1%).


Past Earnings Growth Analysis

Earnings Trend: VVL's earnings have grown by 18.6% 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 (-6.4%) over the past year, making it difficult to compare to the Banks industry average (-8.2%).


Return on Equity

High ROE: VVL's Return on Equity (6.8%) 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 (9.6x) is low.

Allowance for Bad Loans: Insufficient data to determine if VVL has a sufficient allowance for bad loans.

Low Risk Liabilities: 74% 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 (90%).

Low Risk Deposits: VVL's Loans to Deposits ratio (135%) is high.

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?

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VVL's dividend (4.4%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.31%).

High Dividend: VVL's dividend (4.4%) is low compared to the top 25% of dividend payers in the Norwegian market (5.88%).


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 reasonably low payout ratio (38.7%), VVL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VVL's dividends in 3 years are forecast to be well covered by earnings (39.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Stig Røthe

3.25yrs

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17%.


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: kr350.391m
  • Shares outstanding: 2.20m
  • Website: https://vekselbanken.no

Location

  • Voss Veksel- og Landmandsbank ASA
  • Vangsgata 24
  • Voss
  • Hordaland
  • 5700
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VVLOB (Oslo Bors)YesShare CapitalNONOKMay 1993
0GI5LSE (London Stock Exchange)YesShare CapitalGBNOKMay 1993
VVLOBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBNOKMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 17:21
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.