Stock SOAG SPAREBANK 1 ØSTFOLD AKERSHUS
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Financials SpareBank 1 Østfold Akershus

Equities

SOAG

NO0010285562

Banks

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-04-26 am EDT 		5-day change 1st Jan Change
328 NOK +0.58% Intraday chart for SpareBank 1 Østfold Akershus -2.67% +2.50%
Feb. 09 SpareBank 1 Østfold Akershus Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 CI
2023 SpareBank 1 Østfold Akershus Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,973 3,270 4,311 3,913 3,963 4,063 - -
Enterprise Value (EV) 1 2,973 3,270 4,311 3,913 3,963 4,063 4,063 4,063
P/E ratio 7.87 x 9.46 x 10.4 x 9.25 x 8.59 x 7.55 x 8.13 x 8.29 x
Yield 6% 1.33% 4.66% - 6.72% 7.47% 6.86% 6.86%
Capitalization / Revenue 3.53 x 3.88 x 5.46 x 4.24 x 3.7 x 3.42 x 3.36 x 3.36 x
EV / Revenue 3.53 x 3.88 x 5.46 x 4.24 x 3.7 x 3.42 x 3.36 x 3.36 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.84 x 1.07 x 1.17 x - 0.97 x 0.93 x 0.89 x 0.85 x
Nbr of stocks (in thousands) 12,388 12,386 12,387 12,384 12,385 12,387 - -
Reference price 2 240.0 264.0 348.0 316.0 320.0 328.0 328.0 328.0
Announcement Date 2/6/20 2/16/21 2/10/22 2/11/23 2/9/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 841.2 843 789 923 1,072 1,189 1,207 1,208
EBITDA - - - - - - - -
EBIT 1 343.6 378 411 511 591 675.3 680.4 665.3
Operating Margin 40.85% 44.84% 52.09% 55.36% 55.13% 56.79% 56.35% 55.1%
Earnings before Tax (EBT) 1 489.2 455 549 567 635 758.3 701.4 687.5
Net income 1 403.6 369 443 452 493 575.2 533.4 523.5
Net margin 47.97% 43.77% 56.15% 48.97% 45.99% 48.38% 44.17% 43.35%
EPS 2 30.49 27.90 33.46 34.17 37.27 43.46 40.34 39.58
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 14.40 3.500 16.20 - 21.50 24.50 22.50 22.50
Announcement Date 2/6/20 2/16/21 2/10/22 2/11/23 2/9/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 222 212 228 227 216 253 259 272 270 274 286.7 304.6 296.9 300.6
EBITDA - - - - - - - - - - - - - -
EBIT 1 136 103 130 126 122 135 138 155 160 141 154.4 178.2 180.1 162.6
Operating Margin 61.26% 48.58% 57.02% 55.51% 56.48% 53.36% 53.28% 56.99% 59.26% 51.46% 53.87% 58.5% 60.66% 54.07%
Earnings before Tax (EBT) 1 142 125 132 116 122 197 - 183 152 145 160.7 250.1 181.8 165.8
Net income 1 112 98 102 95 94 162 123 140 115 115 122.7 189.8 137.2 125.8
Net margin 50.45% 46.23% 44.74% 41.85% 43.52% 64.03% 47.49% 51.47% 42.59% 41.97% 42.8% 62.31% 46.19% 41.84%
EPS 2 8.440 7.390 7.690 7.190 7.070 12.21 9.260 10.61 8.690 8.700 9.265 14.32 10.40 9.485
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/27/21 2/10/22 5/4/22 8/16/22 10/27/22 2/11/23 5/5/23 8/9/23 11/2/23 2/9/24 - - - -
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) 12.1% 10.5% 11.6% - 11.2% 11.7% 11.4% 10.2%
ROA (Net income/ Total Assets) 1.7% 1.49% 1.7% - 1.8% 2.3% 1.9% 1.8%
Assets 1 23,720 24,822 25,997 - 27,349 25,010 28,071 29,083
Book Value Per Share 2 285.0 246.0 297.0 - 330.0 352.0 368.0 385.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/6/20 2/16/21 2/10/22 2/11/23 2/9/24 - - -
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 Østfold Akershus

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
328 NOK
Average target price
378.5 NOK
Spread / Average Target
+15.40%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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