Financials SpareBank 1 Nordmøre

Equities

SNOR

NO0010691660

Banks

Market Closed - Oslo Bors Other stock markets 11:04:14 2024-05-13 am EDT			5-day change	1st Jan Change
123.8 ^NOK	+1.48%		+1.58%	-0.96%

Feb. 14	SpareBank 1 Nordmøre Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 14	SpareBank 1 Nordmøre Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	258	260.2	1,196	1,133	1,133	1,122	-	-
Enterprise Value (EV) ¹	258	260.2	1,196	1,133	1,133	1,122	1,122	1,122
P/E ratio	6.95 x	12.5 x	22.1 x	9.06 x	10.2 x	6.96 x	8.7 x	8.86 x
Yield	7.39%	5.6%	3.79%	-	5.6%	8.08%	6.46%	7.27%
Capitalization / Revenue	0.63 x	0.66 x	2.08 x	1.61 x	1.34 x	1.24 x	1.23 x	1.23 x
EV / Revenue	0.63 x	0.66 x	2.08 x	1.61 x	1.34 x	1.24 x	1.23 x	1.23 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.83 x	0.83 x	1 x	-	0.86 x	0.8 x	0.78 x	0.76 x
Nbr of stocks (in thousands)	2,243	2,243	9,062	9,062	9,062	9,062	-	-
Reference price ²	115.0	116.0	132.0	125.0	125.0	123.8	123.8	123.8
Announcement Date	2/13/20	2/15/21	2/10/22	2/15/23	2/14/24	-	-	-

¹NOK in Million²NOK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	411.6	395.9	575	704	847	906	912.4	915.7
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	154.9	144	153	323	422	463.4	458.7	450.7
Operating Margin	37.63%	36.38%	26.61%	45.88%	49.82%	51.15%	50.27%	49.22%
Earnings before Tax (EBT) ¹	263.4	175.1	175	390	409	535.3	461.6	461.8
Net income ¹	229.8	144.8	146	331	314	436.9	363	365
Net margin	55.82%	36.57%	25.39%	47.02%	37.07%	48.22%	39.79%	39.86%
EPS ²	16.55	9.310	5.970	13.79	12.31	17.79	14.23	13.98
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	8.500	6.500	5.000	-	7.000	10.00	8.000	9.000
Announcement Date	2/13/20	2/15/21	2/10/22	2/15/23	2/14/24	-	-	-

¹NOK in Million²NOK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	156	163	162	169	195	204	205	215	219	226.1	228.8	223.2	228
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	20	46	66	76	97	96	100	112	108	113.1	118.8	117.2	114.2
Operating Margin	12.82%	28.22%	40.74%	44.97%	49.74%	47.06%	48.78%	52.09%	49.32%	50.02%	51.92%	52.51%	50.09%
Earnings before Tax (EBT) ¹	31	35	102	87	132	82	99	110	111	107.1	193.8	116.7	117.8
Net income ¹	24	30	88	70	123	64	77	79	86	83.4	168.3	91.7	93.5
Net margin	15.38%	18.4%	54.32%	41.42%	63.08%	31.37%	37.56%	36.74%	39.27%	36.89%	73.56%	41.08%	41.01%
EPS ²	1.690	1.940	3.740	3.080	5.060	2.450	3.030	3.100	3.410	3.400	6.850	3.730	3.810
Dividend per Share	-	-	-	-	-	-	-	-	7.000	-	-	-	-
Announcement Date	11/10/21	2/10/22	5/10/22	8/16/22	2/15/23	5/15/23	8/14/23	10/27/23	2/14/24	-	-	-	-

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)	11.4%	6.5%	5.2%	-	8.6%	10.7%	10.1%	9.7%
ROA (Net income/ Total Assets)	1.51%	0.87%	0.68%	-	1.15%	1.6%	1.2%	1.2%
Assets ¹	15,215	16,665	21,487	-	27,333	27,306	30,250	30,417
Book Value Per Share ²	138.0	139.0	132.0	-	145.0	154.0	158.0	164.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	2/13/20	2/15/21	2/10/22	2/15/23	2/14/24	-	-	-

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 SpareBank 1 Nordmøre

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

122 NOK

Average target price

131 NOK

Spread / Average Target

+7.38%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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