OTCPK:SBRK.F

Stock Analysis Report

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Executive Summary

SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Southern and Western Norway.

Rewards

PE ratio (9x) is below the US market (18.9x)

Earnings are forecast to grow 18.39% per year

Risk Analysis

No risks detected for SBRK.F from our risk checks.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has SpareBank 1 SR-Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SBRK.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SBRK.F

3.8%

US Banks

1.9%

US Market


1 Year Return

n/a

SBRK.F

-19.0%

US Banks

16.4%

US Market

Return vs Industry: Insufficient data to determine how SBRK.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how SBRK.F performed against the US Market.


Shareholder returns

SBRK.FIndustryMarket
7 Day0%3.8%1.9%
30 Day0%5.4%4.5%
90 Dayn/a13.7%17.6%
1 Yearn/a-16.1%-19.0%18.9%16.4%
3 Yearn/a-10.1%-17.4%44.1%34.8%
5 Year17.0%17.0%13.8%-0.07%75.3%56.3%

Price Volatility Vs. Market

How volatile is SpareBank 1 SR-Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SpareBank 1 SR-Bank undervalued compared to its fair value and its price relative to the market?

9.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SBRK.F ($7.75) is trading above our estimate of fair value ($5.23)

Significantly Below Fair Value: SBRK.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SBRK.F is good value based on its PE Ratio (9x) compared to the US Banks industry average (9.9x).

PE vs Market: SBRK.F is good value based on its PE Ratio (9x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: SBRK.F is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SBRK.F's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is SpareBank 1 SR-Bank forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBRK.F's forecast earnings growth (18.4% per year) is above the savings rate (2.2%).

Earnings vs Market: SBRK.F's earnings (18.4% per year) are forecast to grow slower than the US market (23.1% per year).

High Growth Earnings: SBRK.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBRK.F's revenue (4% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: SBRK.F's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBRK.F's Return on Equity is forecast to be low in 3 years time (9.5%).


Next Steps

Past Performance

How has SpareBank 1 SR-Bank performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBRK.F has high quality earnings.

Growing Profit Margin: SBRK.F's current net profit margins (40.9%) are lower than last year (50.1%).


Past Earnings Growth Analysis

Earnings Trend: SBRK.F's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: SBRK.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SBRK.F had negative earnings growth (-26.8%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).


Return on Equity

High ROE: SBRK.F's Return on Equity (8.8%) is considered low.


Next Steps

Financial Health

How is SpareBank 1 SR-Bank'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: SBRK.F's Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: SBRK.F has a low allowance for bad loans (76%).

Low Risk Liabilities: 58% of SBRK.F's liabilities are made up of primarily higher risk sources of funding.

Loan Level: SBRK.F has an appropriate level of Loans to Assets ratio (75%).

Low Risk Deposits: SBRK.F's Loans to Deposits ratio (199%) is high.

Level of Bad Loans: SBRK.F has an appropriate level of bad loans (1.2%).


Next Steps

Dividend

What is SpareBank 1 SR-Bank current dividend yield, its reliability and sustainability?

5.15%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SBRK.F'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 SBRK.F's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: SBRK.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

9.6yrs

Average management tenure


CEO

Arne Austreid (64 yo)

9.58yrs

Tenure

US$8,806,000

Compensation

Mr. Arne Austreid has been the Chief Executive Officer of SpareBank 1 SR-Bank ASA since January 1, 2011. Mr. Austreid has been Chairman of Fremtind Forsikring AS since 2020 and serves as its Director Janua ...


CEO Compensation Analysis

Compensation vs Market: Arne's total compensation ($USD973.52K) is below average for companies of similar size in the US market ($USD4.53M).

Compensation vs Earnings: Arne's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Arne Austreid
Chief Executive Officer9.58yrsUS$8.81m0.045%
$ 1.0m
Inge Reinertsen
Chief Financial Officer10.5yrsUS$3.91m0.036%
$ 803.5k
Signe Helliesen
Executive Vice President of Compliance & AMLno dataUS$1.64m0.00016%
$ 3.6k
Ella Skjørestad
Executive Vice President of Customer Services & Marketing2.5yrsUS$2.60m0.0033%
$ 73.9k
Gro Tveit
Executive Vice President of Human Resources & Business Support2.17yrsUS$2.42m0.0080%
$ 177.8k
Tore Medhus
Executive Vice President of Corporate Market19.92yrsUS$3.81m0.023%
$ 507.5k
Thor-Christian Haugland
Executive Vice President of Communications & Sustainability15.58yrsUS$3.09m0.011%
$ 251.2k
Jan Friestad
Executive Vice President of Retail Market9yrsUS$3.18m0.019%
$ 430.8k
Frode Bø
Executive Vice President of Risk Management14.58yrsUS$3.19m0.0069%
$ 152.9k
Glenn Sæther
Executive Vice President of Strategy2.5yrsUS$3.83m0.012%
$ 265.4k
Stian Helgøy
Vice President of Investor Relationsno dataUS$2.23m0.020%
$ 441.4k
Nils Hegrestad
Director of Credit and Legal no datano data0.015%
$ 344.0k

9.6yrs

Average Tenure

53yo

Average Age

Experienced Management: SBRK.F's management team is seasoned and experienced (9.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dag Mejdell
Chairman of the Board4.17yrsUS$664.00k0.012%
$ 261.0k
Terje Vareberg
Member of Supervisory Boardno dataUS$511.00kno data
Terje Nysted
Member of Supervisory Boardno datano datano data
Anne Nystrøm Kvale
Member of Supervisory Boardno datano datano data
Trine Romuld
Director0.33yrno datano data
Per Sekse
Chair of the Supervisory Board6.17yrsno data0.00064%
$ 14.2k
Sally Lund-Andersen
Employee Representative Director8.58yrsUS$1.25m0.00099%
$ 22.0k
Jan Skogseth
Director3.33yrsUS$307.00k0.0039%
$ 87.0k
Tor Dahle
Director7.17yrsUS$927.00k0.015%
$ 335.5k
Kristian Kristensen
Employee Representative Director4.17yrsUS$997.00k0.0013%
$ 29.1k
Kate Henriksen
Director5.17yrsUS$327.00kno data
Ingrid Lorange
Director0.33yrno datano data

4.2yrs

Average Tenure

63yo

Average Age

Experienced Board: SBRK.F's board of directors are considered experienced (4.2 years average tenure).


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

SpareBank 1 SR-Bank ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SpareBank 1 SR-Bank ASA
  • Ticker: SBRK.F
  • Exchange: OTCPK
  • Founded: 1839
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr20.126b
  • Listing Market Cap: kr2.225b
  • Shares outstanding: 255.74m
  • Website: https://www.sparebank1.no/nb/sr-bank

Number of Employees


Location

  • SpareBank 1 SR-Bank ASA
  • Christen Tranes Gate 35
  • Postboks 250
  • Stavanger
  • Rogaland
  • 4068
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRBANKOB (Oslo Bors)YesOrdinary SharesNONOKMay 1994
SBRK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1994
0Q57LSE (London Stock Exchange)YesOrdinary SharesGBNOKMay 1994
B4M1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1994
SRBANOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 1994

Biography

SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Southern and Western Norway. The company offers its product ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 23:41
End of Day Share Price2020/07/02 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.