Voss Veksel- og Landmandsbank ASA provides financial products and services to private individuals and corporate customers in Norway. More Details
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.
7 Day Return
1 Year Return
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.
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 StIs Voss Veksel- og Landmandsbank ASA (OB:VVL) The Right Choice For A Smart Dividend Investor?
6 months ago | Simply Wall StDid Voss Veksel- og Landmandsbank's (OB:VVL) Share Price Deserve to Gain 19%?
6 months ago | Simply Wall StKey Things To Consider Before Buying Voss Veksel- og Landmandsbank ASA (OB:VVL) For Its Dividend
Is Voss Veksel- og Landmandsbank 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: 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).
How is Voss Veksel- og Landmandsbank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%).
How has Voss Veksel- og Landmandsbank performed over the past 5 years?
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.
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
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.
What is Voss Veksel- og Landmandsbank current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Mr. Stig Gunnar Røthe serves as Chief Executive Officer and served as a Director of Voss Veksel- og Landmandsbank ASA.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17%.
Voss Veksel- og Landmandsbank ASA's company bio, employee growth, exchange listings and data sources
- 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
- Voss Veksel- og Landmandsbank ASA
- Vangsgata 24
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VVL||OB (Oslo Bors)||Yes||Share Capital||NO||NOK||May 1993|
|0GI5||LSE (London Stock Exchange)||Yes||Share Capital||GB||NOK||May 1993|
|VVLO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Share Capital||GB||NOK||May 1993|
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||2020/12/03 17:21|
|End of Day Share Price||2020/12/02 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.