SBNOR Stock Analysis: Sparebanken Vest | OL
Banks - Regional | OL, Norway | Market Cap: 33.003m NOK | 12M Return: 24.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.5M
EPS Trend: 89.1%
Qual. Beats: 0
Rev. Trend: 97.3%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
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.
Sparebanken Norge is a Norwegian financial services company offering a diversified suite of banking and financing activities, including investment banking, securities trading for professional investors, mortgage loan origination and sale, and real estate agency services. The company serves retail customers, commercial clients, and the public sector, with operations concentrated across Southern, Western, and Eastern Norway. Founded in 1823 and headquartered in Bergen, the firm (listed under ticker SBNOR) operates within Norways regional banking segment.
As a sparebank (savings bank), Sparebanken Norge follows a traditional Norwegian ownership model in which the institution is typically structured as a self-owned entity, with profits often retained to fund operations and local initiatives rather than distributed to outside shareholders. The Norwegian regional banking sector is characterized by a mix of independent savings banks and commercial bank subsidiaries, competing primarily on mortgage lending, deposit gathering, and relationship-based services for SMEs in defined geographic regions.
- Norges Bank rate cuts pressure net interest margins
- Mortgage loan growth lifts retail banking revenue
- Capital strength supports higher dividend payouts to investors
| Net Income: 7.22b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.19 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA 0.04 > 3% & CFO 20.3b > Net Income 7.22b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (173.2m) vs 12m ago 57.96% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 2.78% > 50% (prev 2.13%; Δ 0.65% > 0%) |
| Interest Coverage Ratio: 1.44 > 6 (EBIT TTM 28.9b / Interest Expense TTM 20.1b) |
As of July 08, 2026, the stock is trading at NOK 191.62 with a total of 82,736 shares traded. Over the past week, the price has changed by +3.11%, over one month by +4.62%, over three months by -5.00% and over the past year by +24.79%.
Current recommended Stop Loss: 187.40 (which is 2.2% or 1.3 ATR below the current price).
Sparebanken Vest has no consensus analysts rating.
P/E Trailing = 11.5716
P/E Forward = 11.7096
P/S = 2.5627
P/B = 0.6444
Revenue TTM = 12.8b NOK
EBIT TTM = 28.9b NOK
EBITDA TTM = 29.3b NOK
Long Term Debt = 294b NOK (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 32.3b NOK (33.0b + (null Debt) - CCE 739.0m)
Interest Coverage Ratio = 1.44 (Ebit TTM 28.9b / Interest Expense TTM 20.1b)
EV/FCF = 3.93x (Enterprise Value 32.3b / FCF TTM 8.21b)
FCF Yield = 25.46% (FCF TTM 8.21b / Enterprise Value 32.3b)
FCF Margin = 64.06% (FCF TTM 8.21b / Revenue TTM 12.8b)
Net Margin = 56.31% (Net Income TTM 7.22b / Revenue TTM 12.8b)
Gross Margin = unknown ((Revenue TTM 12.8b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.06 (Enterprise Value 32.3b / Total Assets 577b)
Interest Expense / Debt = unknown (Interest Expense 20.1b / Debt none)
Taxrate = 17.59% (1.55b / 8.81b)
NOPAT = 23.8b (EBIT 28.9b * (1 - 17.59%))
Current Ratio = unknown (Total Current Assets 739.0m / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 29.3b)
Debt / FCF = unknown (Net Debt none / FCF TTM 8.21b)
Total Stockholder Equity = 51.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.56% (Net Income 7.22b / Total Assets 577b)
RoE = 14.08% (Net Income TTM 7.22b / Total Stockholder Equity 51.3b)
RoCE = 8.36% (EBIT 28.9b / Capital Employed (Equity 51.3b + L.T.Debt 294b))
RoIC = unknown (NOPAT 23.8b, Invested Capital 0.0, EBIT 28.9b)
WACC = 6.48% (E(33.0b)/V(33.0b) * Re(6.48%) + (debt-free company))
Discount Rate = 6.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.44 | Cagr: -0.04%
[DCF] Terminal Value 77.97% ; FCFF base≈6.63b ; Y1≈7.61b ; Y5≈11.2b
[DCF] Fair Price = 973.3 (EV 168b - Net Debt 0.0 = Equity 168b / Shares 173.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.08 | EPS CAGR: 16.93% | SUE: 0.35 | # QB: 0
Revenue Correlation: 97.32 | Revenue CAGR: 37.66% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=4.07 | Chg30d=+0.49% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=16.05 | Chg30d=+1.55% | Revisions=-40% | GrowthEPS=-4.3% | GrowthRev=+13.4%
EPS next Year (2027-12-31): EPS=16.65 | Chg30d=-1.16% | Revisions=-29% | GrowthEPS=+3.7% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -18% (up=3, down=5)