| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
MYBANK Overview
MyBank ASA, an online-only bank, provides banking products and services in Norway.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr40.00 |
| 52 Week High | kr0 |
| 52 Week Low | kr0 |
| Beta | 0.21 |
| 1 Month Change | 2.56% |
| 3 Month Change | 17.65% |
| 1 Year Change | 122.22% |
| 3 Year Change | -88.55% |
| 5 Year Change | n/a |
| Change since IPO | -92.06% |
Recent News & Updates
Shareholder Returns
| MYBANK | NO Consumer Finance | NO Market | |
|---|---|---|---|
| 7D | 0% | -1.2% | 0.5% |
| 1Y | 122.2% | 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
| MYBANK volatility | |
|---|---|
| MYBANK Beta | 0.21 |
| Industry Beta | 1.26 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 23 | Hakon Fure | https://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
| MYBANK fundamental statistics | |
|---|---|
| Market Cap | kr305.81m |
| Earnings (TTM) | kr18.40m |
| Revenue (TTM) | kr73.34m |
16.6x
P/E Ratio4.2x
P/S RatioIs MYBANK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MYBANK income statement (TTM) | |
|---|---|
| Revenue | kr73.34m |
| Cost of Revenue | kr0 |
| Gross Profit | kr73.34m |
| Expenses | kr54.94m |
| Earnings | kr18.40m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 10, 2021
| Earnings per share (EPS) | 2.41 |
| Gross Margin | 100.00% |
| Net Profit Margin | 25.09% |
| Debt/Equity Ratio | 0% |
How did MYBANK perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/24 23:02 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.