How does MMBANK's PE Ratio compare to its peers?

MMBANK is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (11.1x).

How does MMBANK's PE Ratio compare vs other companies in the NO Banks Industry?

MMBANK is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Norwegian Banks industry average (9.3x).

What is MMBANK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate MMBANK's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of MMBANK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MMBANK (NOK15) is trading below our estimate of [[fair value]] (NOK18.64)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

MMBANK Stock Overview

A private bank, provides first-priority mortgages to the shipping and offshore services industry in Norway and internationally. More details

MMBANK fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 19.5% below our estimate of its fair value

Earnings grew by 19.2% over the past year

Risk Analysis

Shares are highly illiquid

My Notes

Capture your thoughts, links and company narrative

Maritime & Merchant Bank ASA Competitors

SpareBank 1 Nordmøre

OB:SNOR

NOK 1.3b

Aurskog Sparebank

OB:AURG

NOK 1.1b

Jæren Sparebank

OB:JAREN

NOK 1.6b

Bien Sparebank

OB:BIEN

NOK 681.6m

Price History & Performance

Summary of share price highs, lows and changes for Maritime & Merchant Bank
Historical stock prices
Current Share Price	NOK 15.00
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	0.32
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	50.00%
5 Year Change	n/a
Change since IPO	27.12%

Recent updates

Shareholder Returns

	MMBANK	NO Banks	NO Market
7D	0%	-1.9%	-2.8%
1Y	n/a	10.4%	-0.8%

Return vs Industry: Insufficient data to determine how MMBANK performed against the Norwegian Banks industry.

Return vs Market: Insufficient data to determine how MMBANK performed against the Norwegian Market.

Price Volatility

Is MMBANK's price volatile compared to industry and market?
MMBANK volatility
MMBANK Average Weekly Movement	n/a
Banks Industry Average Movement	2.6%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	10.9%
10% least volatile stocks in NO Market	2.6%

Stable Share Price: MMBANK's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: Insufficient data to determine MMBANK's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2013	25	Halvor Sveen	www.mmbank.no

Maritime & Merchant Bank ASA, a private bank, provides first-priority mortgages to the shipping and offshore services industry in Norway and internationally. The company accepts various deposits; and offers term loans for LNG and LPG carriers, dry bulk carriers, multipurpose vessels, containerships, car and truck carriers, and offshore support vessels, as well as crude, product, and chemical tankers. It serves shipowners and investors from maritime and financial hubs.

Maritime & Merchant Bank ASA Fundamentals Summary

How do Maritime & Merchant Bank's earnings and revenue compare to its market cap?
MMBANK fundamental statistics
Market cap	NOK 1.23b
Earnings (TTM)	NOK 141.07m
Revenue (TTM)	NOK 305.34m

8.7x

P/E Ratio

0.8x

P/B Ratio

Is MMBANK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MMBANK income statement (TTM)
Revenue	US$26.95m
Cost of Revenue	US$0
Gross Profit	US$26.95m
Other Expenses	US$14.50m
Earnings	US$12.45m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	100.00%
Net Profit Margin	46.20%
Debt/Equity Ratio	3.8%

How did MMBANK perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

41%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 01:53
End of Day Share Price	2024/11/13 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Maritime & Merchant Bank ASA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Maritime & Merchant Bank OTCNO:MMBANK Stock Report