MING Stock Analysis: Sparebank 1 SMN | OL
Banks - Regional | OL, Norway | Market Cap: 30.487m NOK | 12M Return: 19.9% | NO0006390301 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.8M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
SpareBank 1 SMN is a Norwegian savings bank headquartered in Trondheim, founded in 1823. It provides a broad range of financial services to both retail and corporate customers, including deposits, savings and investment products, loans, financing, real estate brokerage, vehicle leasing, insurance, credit and debit cards, and stock trading and international payment services. The bank also offers trade finance products such as bank guarantees, letters of credit, documentary collections, foreign currency accounts, and forward contracts, alongside capital market and accounting services.
Products are distributed through physical branches, digital and mobile banking channels, and a customer service center. As a member of the SpareBank 1 Alliance, a cooperative grouping of independent Norwegian savings banks, the institution operates under the traditional Norwegian savings bank ownership model, in which equity certificates (rather than conventional shares) are often traded, and the bank combines regional retail banking with broader corporate and capital markets activities.
- Norges Bank rate cuts pressure net interest margins
- Mid-Norway mortgage and corporate lending growth
- Real estate brokerage fees track housing market cycle
| Net Income: 4.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.63 > 1.0 |
| NWC/Revenue: 52.85% < 20% (prev 173.5%; Δ -120.7% < -1%) |
| CFO/TA 0.06 > 3% & CFO 15.6b > Net Income 4.17b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 43.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (144.2m) vs 12m ago 0.00% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 3.14% > 50% (prev 3.12%; Δ 0.02% > 0%) |
| Interest Coverage Ratio: 0.64 > 6 (EBIT TTM 5.27b / Interest Expense TTM 8.28b) |
| A: 0.02 (Total Current Assets 4.36b - Total Current Liabilities 100.0m) / Total Assets 258b |
| B: 0.01 (Retained Earnings 2.03b / Total Assets 258b) |
| C: 0.02 (EBIT TTM 5.27b / Avg Total Assets 256b) |
| D: 0.13 (Book Value of Equity 30.1b / Total Liabilities 227b) |
| Altman-Z'' = 0.41 = B |
As of October 06, 2026, the stock is trading at NOK 213.65 with a total of 67,373 shares traded. Over the past week, the price has changed by -3.06%, over one month by -1.11%, over three months by +12.45% and over the past year by +19.87%.
Current recommended Stop Loss: 206.70 (which is 3.3% or 2.1 ATR below the current price).
Sparebank 1 SMN has no consensus analysts rating.
P/E Trailing = 11.3473
P/E Forward = 11.1857
P/S = 3.4846
P/B = 1.0384
P/EG = 2.7104
Revenue TTM = 8.05b NOK
EBIT TTM = 5.27b NOK
EBITDA TTM = 5.46b NOK
Long Term Debt = 46.9b NOK (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 26.1b NOK (30.5b + (null Debt) - CCE 4.36b)
Interest Coverage Ratio = 0.64 (Ebit TTM 5.27b / Interest Expense TTM 8.28b)
EV/FCF = 2.64x (Enterprise Value 26.1b / FCF TTM 9.90b)
FCF Yield = 37.89% (FCF TTM 9.90b / Enterprise Value 26.1b)
FCF Margin = 123.0% (FCF TTM 9.90b / Revenue TTM 8.05b)
Net Margin = 51.83% (Net Income TTM 4.17b / Revenue TTM 8.05b)
Gross Margin = unknown ((Revenue TTM 8.05b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.10 (Enterprise Value 26.1b / Total Assets 258b)
Interest Expense / Debt = unknown (Interest Expense 8.28b / Debt none)
Taxrate = 19.10% (1.01b / 5.27b)
NOPAT = 4.26b (EBIT 5.27b * (1 - 19.10%))
Current Ratio = 43.55 (Total Current Assets 4.36b / Total Current Liabilities 100.0m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 5.46b)
Debt / FCF = unknown (Net Debt none / FCF TTM 9.90b)
Total Stockholder Equity = 30.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.63% (Net Income 4.17b / Total Assets 258b)
RoE = 13.85% (Net Income TTM 4.17b / Total Stockholder Equity 30.1b)
RoCE = 6.83% (EBIT 5.27b / Capital Employed (Equity 30.1b + L.T.Debt 46.9b))
RoIC = 2.08% (EBIT 5.27b / (Assets 258b - Curr.Liab 100.0m - Cash 4.36b))
WACC = 6.12% (E(30.5b)/V(30.5b) * Re(6.12%) + (debt-free company))
Discount Rate = 6.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.26 | Cagr: 0.01%
[DCF] Terminal Value 77.97% ; FCFF base≈8.19b ; Y1≈9.39b ; Y5≈13.8b
[DCF] Fair Price = 1.44k (EV 208b - Net Debt 0.0 = Equity 208b / Shares 144.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 53.54 | EPS CAGR: 6.24% | SUE: 0.93 | # QB: 1
Revenue Correlation: 73.33 | Revenue CAGR: 8.63% | SUE: -0.61 | # QB: 0
EPS current Quarter (2026-09-30): EPS=4.48 | Chg30d=-1.61% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=17.94 | Chg30d=+4.35% | Revisions=+50% | GrowthEPS=-6.0% | GrowthRev=-1.3%
EPS next Year (2027-12-31): EPS=19.84 | Chg30d=+2.36% | Revisions=+57% | GrowthEPS=+10.6% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: +58% (up=8, down=1)