Financials Bien Sparebank ASA

Equities

BIEN

NO0012706763

Banks

Market Closed - Oslo Bors Other stock markets 08:15:00 14/06/2024 pm IST			5-day change	1st Jan Change
88.5 ^NOK	0.00%		-1.67%	+1.96%

06/05	Bien Sparebank ASA Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
14/02	Bien Sparebank ASA Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	522.6	493	502.7	-	-
Enterprise Value (EV) ¹	522.6	493	502.7	502.7	502.7
P/E ratio	12.4 x	9.42 x	9.99 x	9.83 x	9.76 x
Yield	-	-	5.99%	6.1%	6.1%
Capitalization / Revenue	4.7 x	3.7 x	3.36 x	3.29 x	3.21 x
EV / Revenue	4.7 x	3.7 x	3.36 x	3.29 x	3.21 x
EV / EBITDA	-	-	-	-	-
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	0.75 x	0.78 x	0.76 x	0.73 x
Nbr of stocks (in thousands)	5,680	5,680	5,680	-	-
Reference price ²	92.01	86.80	88.50	88.50	88.50
Announcement Date	13/02/23	14/02/24	-	-	-

¹NOK in Million²NOK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	111.1	133.4	149.6	152.7	156.7
EBITDA	-	-	-	-	-	-
EBIT ¹	-	46.46	59.03	73.2	73.4	74.1
Operating Margin	-	41.82%	44.26%	48.93%	48.07%	47.29%
Earnings before Tax (EBT) ¹	-	50.92	71.27	74.3	75.1	75.6
Net income ¹	29.46	42.09	55.85	53.7	54.5	54.9
Net margin	-	37.88%	41.87%	35.9%	35.69%	35.04%
EPS ²	-	7.400	9.210	8.860	9.000	9.070
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	-	5.300	5.400	5.400
Announcement Date	30/03/22	13/02/23	14/02/24	-	-	-

¹NOK in Million²NOK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	29.89	30.23	35	34.92	33.22	36.19	37	38.7	37.7
EBITDA	-	-	-	-	-	-	-	-	-
EBIT ¹	9.731	13.03	18.06	14.18	13.77	17.01	19.1	19.9	17.2
Operating Margin	32.55%	43.08%	51.61%	40.61%	41.44%	47.01%	51.62%	51.42%	45.62%
Earnings before Tax (EBT) ¹	10.55	15.18	26.54	16.73	12.82	17.01	22.3	19	15.9
Net income ¹	9.649	11.39	21.21	12.56	10.69	12.76	17.9	14.4	12
Net margin	32.28%	37.66%	60.61%	35.95%	32.19%	35.25%	48.38%	37.21%	31.83%
EPS ²	0.9400	1.850	3.600	2.040	1.720	1.910	2.850	2.200	1.800
Dividend per Share ²	-	-	-	-	-	-	5.300	-	-
Announcement Date	13/02/23	11/05/23	14/08/23	07/11/23	14/02/24	06/05/24	-	-	-

¹NOK in Million²NOK

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	8.3%	8.3%	8.3%	8.1%
ROA (Net income/ Total Assets)	-	-	1.11%	1%	1%	1%
Assets ¹	-	-	5,033	5,370	5,450	5,490
Book Value Per Share ²	-	-	115.0	114.0	117.0	121.0
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	30/03/22	13/02/23	14/02/24	-	-	-

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 Bien Sparebank ASA

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

88.5 NOK

Average target price

100 NOK

Spread / Average Target

+12.99%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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