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MYBA

MyBankOTCNO:MYBANK Stock Report

Market Cap

kr305.8m

7D

0%

1Y

122.2%

Updated

24 Sep, 2021

Data

Company Financials
MYBANK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

MYBANK Overview

MyBank ASA, an online-only bank, provides banking products and services in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for MyBank
Historical stock prices
Current Share Pricekr40.00
52 Week Highkr0
52 Week Lowkr0
Beta0.21
1 Month Change2.56%
3 Month Change17.65%
1 Year Change122.22%
3 Year Change-88.55%
5 Year Changen/a
Change since IPO-92.06%

Recent News & Updates

Shareholder Returns

MYBANKNO Consumer FinanceNO Market
7D0%-1.2%0.5%
1Y122.2%24.3%25.9%

Return vs Industry: MYBANK exceeded the Norwegian Consumer Finance industry which returned 24.3% over the past year.

Return vs Market: MYBANK exceeded the Norwegian Market which returned 25.9% over the past year.

Price Volatility

Is MYBANK's price volatile compared to industry and market?
MYBANK volatility
MYBANK Beta0.21
Industry Beta1.26
Market Beta1

Stable Share Price: Insufficient data to determine MYBANK's volatility over the past 3 months.

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

About the Company

FoundedEmployeesCEOWebsite
201523Hakon Furehttps://www.mybank.no

MyBank ASA, an online-only bank, provides banking products and services in Norway. It offers savings accounts; restart loans; and online banking services. The company was incorporated in 2015 and is based in Oslo, Norway.

MyBank Fundamentals Summary

How do MyBank's earnings and revenue compare to its market cap?
MYBANK fundamental statistics
Market Capkr305.81m
Earnings (TTM)kr18.40m
Revenue (TTM)kr73.34m

16.6x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYBANK income statement (TTM)
Revenuekr73.34m
Cost of Revenuekr0
Gross Profitkr73.34m
Expenseskr54.94m
Earningskr18.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)2.41
Gross Margin100.00%
Net Profit Margin25.09%
Debt/Equity Ratio0%

How did MYBANK perform over the long term?

See historical performance and comparison

Valuation

Is MyBank undervalued compared to its fair value and its price relative to the market?

16.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MYBANK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MYBANK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MYBANK is poor value based on its PE Ratio (16.6x) compared to the European Consumer Finance industry average (14.2x).

PE vs Market: MYBANK is poor value based on its PE Ratio (16.6x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MYBANK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MYBANK's PB Ratio (1.4x) is in line with the XE Consumer Finance industry average.


Future Growth

How is MyBank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MyBank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has MyBank performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYBANK has high quality earnings.

Growing Profit Margin: MYBANK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MYBANK has become profitable over the past 5 years, growing earnings by 6.7% per year.

Accelerating Growth: MYBANK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MYBANK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-14.9%).


Return on Equity

High ROE: MYBANK's Return on Equity (8.7%) is considered low.


Financial Health

How is MyBank'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: MYBANK's Assets to Equity ratio (6.7x) is low.

Allowance for Bad Loans: MYBANK has a low allowance for bad loans (32%).

Low Risk Liabilities: 98% of MYBANK's liabilities are made up of primarily low risk sources of funding.

Loan Level: MYBANK has an appropriate level of Loans to Assets ratio (78%).

Low Risk Deposits: MYBANK's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: MYBANK has a high level of bad loans (8%).


Dividend

What is MyBank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MYBANK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MYBANK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MYBANK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MYBANK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MYBANK's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Hakon Fure

0.67

Tenure

Mr. Hakon Fure serves as Chief Executive Officer at MyBank ASA since 2021. He was Chairman of the Board and Director at MyBank ASA since August 2020 until 2021. He has extensive experience from the financi...


Leadership Team

Experienced Management: MYBANK's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: MYBANK's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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 14%.


Top Shareholders

Company Information

MyBank ASA's employee growth, exchange listings and data sources


Key Information

  • Name: MyBank ASA
  • Ticker: MYBANK
  • Exchange: OTCNO
  • Founded: 2015
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: kr305.810m
  • Shares outstanding: 7.65m
  • Website: https://www.mybank.no

Number of Employees


Location

  • MyBank ASA
  • Bankplassen 1A
  • Oslo
  • Oslo
  • 680
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 23:02
End of Day Share Price2021/09/24 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.