SB1NO Stock Analysis: SpareBank 1 Sør-Norge ASA | OL

Banks - Regional | OL, Norway | Market Cap: 75.434m NOK | 12M Return: 13.6% | Charts, Fundamentals & Technical Analysis

Savings, Loans, Insurance, Pensions
Total Rating 29
Safety 33
Buy Signal -0.56
Banks - Regional
Industry Rotation: +3.8
Market Cap: 7.69B
Avg Turnover: 34.5M
Risk 3d forecast
Volatility17.7%
VaR 5th Pctl3.28%
VaR vs Median12.5%
Reward TTM
Sharpe Ratio0.59
Rel. Str. IBD44.3
Rel. Str. Peer Group17.3
Character TTM
Beta0.118
Beta Downside-0.176
Hurst Exponent0.560
Drawdowns 3y
Max DD12.53%
CAGR/Max DD1.82
CAGR/Mean DD5.88
EPS (Earnings per Share) EPS (Earnings per Share) of SB1NO over the last years for every Quarter: "2021-06": 3.13, "2021-09": 2.8, "2021-12": 3.41, "2022-03": 2.87, "2022-06": 2.9524, "2022-09": 3.16, "2022-12": 3.81, "2023-03": 3.31, "2023-06": 3.9, "2023-09": 3.94, "2023-12": 5.48, "2024-03": 4.26, "2024-06": 4.2, "2024-09": 5.19, "2024-12": 3.48, "2025-03": 4.37, "2025-06": 4.23, "2025-09": 4.29, "2025-12": 4.07, "2026-03": 4.0788,
EPS CAGR: 3.54%
EPS Trend: 40.0%
Last SUE: 0.27
Qual. Beats: 0
Revenue Revenue of SB1NO over the last years for every Quarter: 2021-06: 1927, 2021-09: 1880, 2021-12: 2126, 2022-03: 2265, 2022-06: 2438, 2022-09: 2922, 2022-12: 3848, 2023-03: 4322, 2023-06: 4885, 2023-09: 5421, 2023-12: 5785, 2024-03: 5969, 2024-06: 6197, 2024-09: 6063, 2024-12: 7672, 2025-03: 7854, 2025-06: 7912, 2025-09: 7990, 2025-12: 3178, 2026-03: 3154,
Rev. CAGR: 18.43%
Rev. Trend: 77.5%
Qual. Beats: 0

Warnings

Strong Share Dilution

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan -1.7% 2
Feb +1.9% 15
Mar -0.9% 0
Apr +1.2% 27
May -1.0% 15
Jun -1.7% 13
Jul +1.4% 6
Aug -2.1% 30
Sep -0.5% 22
Oct -0.9% 17
Nov -1.2% 22
Dec +1.6% 43

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: SB1NO SpareBank 1 Sør-Norge ASA

SpareBank 1 Sør-Norge ASA is a Norwegian regional bank offering a broad range of financial products and services to retail, corporate, SME, small business, agricultural, and public-sector customers. The company operates through four segments-Retail Market, Corporate Market, SME & Agriculture, and Other Activities-providing savings, loans, insurance, pension, payment, foreign exchange, securities trading, real estate, accounting, HR, and consulting services, as well as green loans, credit cards, and debt and equity funding advisory. Founded in 1839 and headquartered in Stavanger, the bank is part of the SpareBank 1 Alliance, a cooperative grouping of independent Norwegian savings banks that share branding, IT infrastructure, and product development while remaining separately owned entities.

The bank combines traditional retail and commercial lending with fee-generating activities such as real estate brokerage, securities services, and treasury operations including interest-rate trading and home mortgage purchasing. SpareBank 1 Sør-Norge operates as a publicly listed savings bank under Norways Sparebanklovgivning framework, a structure historically rooted in mutually owned local savings banks that has evolved to allow public listing while retaining regional orientation.

Headlines to Watch Out For
  • Norges Bank rate cuts compress net interest margins
  • Norwegian housing market weakness raises mortgage credit losses
  • SME and corporate loan growth drives revenue expansion
Piotroski VR-10 (Strict) 3.5
Net Income: 6.55b TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.71 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA 0.03 > 3% & CFO 16.4b > Net Income 6.55b
Net Debt/EBITDA: error (cannot be calculated)
Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities)
Outstanding Shares: last quarter (371.7m) vs 12m ago -1.02% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 4.41% > 50% (prev 5.69%; Δ -1.28% > 0%)
Interest Coverage Ratio: 0.45 > 6 (EBIT TTM 8.17b / Interest Expense TTM 18.2b)
What is the price of SB1NO shares?

As of July 08, 2026, the stock is trading at NOK 201.00 with a total of 144,909 shares traded. Over the past week, the price has changed by +3.93%, over one month by +7.60%, over three months by -0.35% and over the past year by +13.55%.

Current recommended Stop Loss: 194.30 (which is 3.3% or 2.1 ATR below the current price).

Is SB1NO a buy, sell or hold?

SpareBank 1 Sør-Norge ASA has no consensus analysts rating.

SpareBank 1 Sør-Norge ASA (SB1NO) - Fundamental Data Overview as of 08 July 2026
Market Cap USD = 7.69b (75.4b NOK * 0.102 NOK.USD)
P/E Trailing = 12.0431
P/E Forward = 12.2399
P/S = 5.5848
P/B = 1.3272
P/EG = 2.8564
Revenue TTM = 22.2b NOK
EBIT TTM = 8.17b NOK
EBITDA TTM = 8.40b NOK
Long Term Debt = 211b NOK (from longTermDebt, last fiscal year)
 Short Term Debt = unknown (none)
 Debt = unknown
 Net Debt = unknown
 Enterprise Value = 75.3b NOK (75.4b + (null Debt) - CCE 121.0m)
Interest Coverage Ratio = 0.45 (Ebit TTM 8.17b / Interest Expense TTM 18.2b)
EV/FCF = 6.36x (Enterprise Value 75.3b / FCF TTM 11.8b)
FCF Yield = 15.71% (FCF TTM 11.8b / Enterprise Value 75.3b)
FCF Margin = 53.23% (FCF TTM 11.8b / Revenue TTM 22.2b)
Net Margin = 29.48% (Net Income TTM 6.55b / Revenue TTM 22.2b)
 Gross Margin = unknown ((Revenue TTM 22.2b - Cost of Revenue TTM 0.0) / Revenue TTM)
 Tobins Q-Ratio = 0.14 (Enterprise Value 75.3b / Total Assets 519b)
 Interest Expense / Debt = unknown (Interest Expense 18.2b / Debt none)
 Taxrate = 19.72% (1.61b / 8.17b)
NOPAT = 6.56b (EBIT 8.17b * (1 - 19.72%))
 Current Ratio = unknown (Total Current Assets 121.0m / Total Current Liabilities none)
 Debt / Equity = unknown (Debt none)
 Debt / EBITDA = unknown (Net Debt none / EBITDA 8.40b)
 Debt / FCF = unknown (Net Debt none / FCF TTM 11.8b)
 Total Stockholder Equity = 53.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.30% (Net Income 6.55b / Total Assets 519b)
RoE = 12.23% (Net Income TTM 6.55b / Total Stockholder Equity 53.6b)
RoCE = 3.08% (EBIT 8.17b / Capital Employed (Equity 53.6b + L.T.Debt 211b))
 RoIC = unknown (NOPAT 6.56b, Invested Capital 0.0, EBIT 8.17b)
 WACC = 6.40% (E(75.4b)/V(75.4b) * Re(6.40%) + (debt-free company))
Discount Rate = 6.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 62.93 | Cagr: 17.74%
[DCF] Terminal Value 75.44% ; FCFF base≈11.8b ; Y1≈11.9b ; Y5≈12.6b
[DCF] Fair Price = 521.7 (EV 196b - Net Debt 0.0 = Equity 196b / Shares 375.3m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 39.99 | EPS CAGR: 3.54% | SUE: 0.27 | # QB: 0
Revenue Correlation: 77.46 | Revenue CAGR: 18.43% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=4.01 | Chg30d=-3.20% | Revisions=-40% | Analysts=4
EPS next Quarter (2026-09-30): EPS=4.19 | Chg30d=-4.04% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=16.48 | Chg30d=-0.75% | Revisions=-57% | GrowthEPS=-3.0% | GrowthRev=-2.7%
EPS next Year (2027-12-31): EPS=18.00 | Chg30d=-1.22% | Revisions=-57% | GrowthEPS=+9.3% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -80% (up=0, down=12)