Financials SpareBank 1 SMN London S.E.

Equities

0IVM

NO0006390301

Banks

Delayed London S.E. 07:50:00 16/05/2024 pm IST 5-day change 1st Jan Change
150.3 NOK +0.54% Intraday chart for SpareBank 1 SMN -0.17% +6.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,010 12,620 19,279 16,472 20,394 21,659 - -
Enterprise Value (EV) 1 13,010 12,620 19,279 16,472 20,394 21,659 21,659 21,659
P/E ratio 8.25 x 11 x 11.2 x 9.94 x 8.4 x 9 x 9.35 x 9.59 x
Yield 6.49% 4.1% 5.03% 5.1% 8.46% 7.16% 7.13% 7.01%
Capitalization / Revenue 2.11 x 2.01 x 2.9 x 3.06 x 3.04 x 2.57 x 2.71 x 2.67 x
EV / Revenue 2.11 x 2.01 x 2.9 x 3.06 x 3.04 x 2.57 x 2.71 x 2.67 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.1 x 1.03 x 1.44 x 1.16 x 1.18 x 1.2 x 1.14 x 1.11 x
Nbr of stocks (in thousands) 1,29,836 1,29,304 1,29,391 1,29,290 1,43,820 1,44,200 - -
Reference price 2 100.2 97.60 149.0 127.4 141.8 150.2 150.2 150.2
Announcement Date 05/02/20 05/02/21 10/02/22 08/02/23 08/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,178 6,281 6,655 5,380 6,716 8,431 7,988 8,112
EBITDA - - - - - - - -
EBIT 1 3,380 3,329 3,662 2,937 4,498 5,201 4,581 4,579
Operating Margin 54.71% 53% 55.03% 54.59% 66.97% 61.69% 57.35% 56.45%
Earnings before Tax (EBT) 1 3,081 2,378 3,501 3,324 4,484 4,904 4,547 4,565
Net income 1 2,563 1,793 2,692 2,785 3,688 3,623 3,461 3,387
Net margin 41.49% 28.55% 40.45% 51.77% 54.91% 42.98% 43.32% 41.75%
EPS 2 12.14 8.870 13.31 12.82 16.88 16.69 16.06 15.66
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 6.500 4.000 7.500 6.500 12.00 10.75 10.72 10.53
Announcement Date 05/02/20 05/02/21 10/02/22 08/02/23 08/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,395 1,395 1,546 1,499 1,435 1,576 1,757 1,772 1,811 1,878 2,138 2,068 2,065 2,141 2,194
EBITDA - - - - - - - - - - - - - - -
EBIT 1 848 868 788 810 789 847 1,074 1,032 1,517 1,377 1,356 1,275 1,193 1,289 1,364
Operating Margin 60.79% 62.22% 50.97% 54.04% 54.98% 53.74% 61.13% 58.24% 83.77% 73.32% 63.41% 61.65% 57.77% 60.21% 62.17%
Earnings before Tax (EBT) 1 816 868 880 788 932 946 1,045 996 1,496 1,353 1,286 1,188 1,100 1,195 1,275
Net income 1 565 646 646 585 768 778 923 705 1,247 1,011 944.5 867 802 872 936
Net margin 40.5% 46.31% 41.79% 39.03% 53.52% 49.37% 52.53% 39.79% 68.86% 53.83% 44.17% 41.92% 38.84% 40.73% 42.66%
EPS 2 3.200 3.200 3.200 2.890 3.530 3.510 4.210 3.280 5.620 4.680 4.370 4.015 3.715 4.040 4.330
Dividend per Share 2 7.500 - - - 6.500 - - - 12.00 - - - 12.50 - -
Announcement Date 10/02/22 06/05/22 11/08/22 29/10/22 08/02/23 09/05/23 10/08/23 02/11/23 08/02/24 08/05/24 - - - - -
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) 13.7% 10% 13.5% 12.3% 14.4% 13.7% 12.3% 11.9%
ROA (Net income/ Total Assets) 1.57% 1.01% 1.39% 1.32% 1.62% 1.6% 1.4% 1.35%
Assets 1 1,63,686 1,77,279 1,93,377 2,11,145 2,28,020 2,26,457 2,47,202 2,50,877
Book Value Per Share 2 90.80 94.70 103.0 110.0 120.0 125.0 131.0 136.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 05/02/20 05/02/21 10/02/22 08/02/23 08/02/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
150.2 NOK
Average target price
161.8 NOK
Spread / Average Target
+7.69%
Consensus
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