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Voss Veksel- og Landmandsbank

Market Cap

kr412.1m

Last Updated

2021/09/17 16:20 UTC

Data Sources

Company Financials +

Executive Summary

Voss Veksel- og Landmandsbank ASA provides banking products and services to private individuals and companies in Norway. More Details


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

-1.0%

NO Banks

-0.5%

NO Market


1 Year Return

18.4%

VVL

38.1%

NO Banks

20.4%

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

VVLIndustryMarket
7 Day0.5%-1.0%-0.5%
30 Day3.3%-0.6%1.4%
90 Day5.7%2.1%3.3%
1 Year25.3%18.4%42.4%38.1%27.2%20.4%
3 Year58.4%42.7%45.8%30.1%17.4%4.0%
5 Year89.6%59.8%147.3%101.3%80.5%47.8%

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?

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 16:20
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.