Stock MORG SPAREBANKEN MØRE
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Financials Sparebanken Møre

Equities

MORG

NO0012483207

Banks

Real-time Oslo Bors
Other stock markets
 04:15:20 2024-05-02 am EDT 		5-day change 1st Jan Change
84.77 NOK -0.18% Intraday chart for Sparebanken Møre -0.59% +0.92%
Apr. 24 Sparebanken Møre Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 23 Sparebanken Møre, Tietoevry Sign Five-year Services Deal MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,126 2,920 4,380 4,163 4,145 4,182 - -
Enterprise Value (EV) 1 3,126 2,920 4,380 4,163 4,145 4,182 4,182 4,182
P/E ratio 9.19 x 10.9 x 14.3 x 11.3 x 8.3 x 8.8 x 8.84 x 8.91 x
Yield 5.52% 1.52% 3.6% 4.74% 8.93% 7.65% 7.65% 7.65%
Capitalization / Revenue 1.95 x 1.93 x 2.87 x 2.37 x 1.89 x 1.79 x 1.76 x 1.74 x
EV / Revenue 1.95 x 1.93 x 2.87 x 2.37 x 1.89 x 1.79 x 1.76 x 1.74 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.99 x 0.89 x 1.27 x 1.13 x 1.04 x 1 x 0.97 x 0.93 x
Nbr of stocks (in thousands) 49,311 49,324 49,324 49,314 49,348 49,248 - -
Reference price 2 63.40 59.20 88.80 84.41 84.00 84.92 84.92 84.92
Announcement Date 1/30/20 2/12/21 1/27/22 1/26/23 1/25/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,607 1,513 1,527 1,756 2,195 2,342 2,381 2,407
EBITDA - - - - - - - -
EBIT 1 961 883 882 1,009 1,336 1,400 1,402 1,392
Operating Margin 59.8% 58.36% 57.76% 57.46% 60.87% 59.76% 58.87% 57.85%
Earnings before Tax (EBT) 1 911 734 833 1,013 1,389 1,323 1,313 1,301
Net income 1 688 540 619 746 1,007 959.8 955.9 947.8
Net margin 42.81% 35.69% 40.54% 42.48% 45.88% 40.98% 40.14% 39.39%
EPS 2 6.900 5.420 6.220 7.500 10.12 9.651 9.607 9.527
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 3.500 0.9000 3.200 4.000 7.500 6.500 6.500 6.500
Announcement Date 1/30/20 2/12/21 1/27/22 1/26/23 1/25/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 380 387 402 433 534 500 543 575 577 578 581.2 591.2 599.8 576 584
EBITDA - - - - - - - - - - - - - - -
EBIT 1 206 209 228 254 318 302 332 367 335 350 350.6 366.3 340.8 337 341
Operating Margin 54.21% 54.01% 56.72% 58.66% 59.55% 60.4% 61.14% 63.83% 58.06% 60.55% 60.33% 61.96% 56.82% 58.51% 58.39%
Earnings before Tax (EBT) 1 201 209 236 252 316 269 335 333 452 333 329.3 339.8 321 325.5 326.8
Net income 1 147 157 183 189 231 196 255 253 327 - 238.8 247 232.9 236.2 237.7
Net margin 38.68% 40.57% 45.52% 43.65% 43.26% 39.2% 46.96% 44% 56.67% - 41.09% 41.78% 38.83% 41.01% 40.69%
EPS 2 1.400 1.570 1.780 1.820 2.330 1.960 2.460 2.420 3.280 2.410 2.405 2.485 2.340 2.373 2.388
Dividend per Share 2 3.200 - - - 4.000 - - - 3.500 - - - 7.500 - -
Announcement Date 1/27/22 4/28/22 8/10/22 10/27/22 1/26/23 4/26/23 8/10/23 10/26/23 1/25/24 4/25/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.7% 8.6% 9.5% 10.9% 14% 11.6% 11.3% 10.8%
ROA (Net income/ Total Assets) 0.94% 0.7% 0.76% 0.87% 0.35% 1% 0.9% 0.85%
Assets 1 72,958 77,176 81,447 86,153 286,731 95,979 106,207 111,511
Book Value Per Share 2 64.00 66.40 70.00 74.80 80.70 84.60 87.70 90.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/30/20 2/12/21 1/27/22 1/26/23 1/25/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Sparebanken Møre

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
84.92 NOK
Average target price
95.67 NOK
Spread / Average Target
+12.66%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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