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Komplett Bank

OB:KOMP
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOMP
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Komplett Bank ASA provides unsecured financing to private individuals in the Norwegian and German markets. The last earnings update was 36 days ago. More info.


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KOMP Share Price and Events
7 Day Returns
0.4%
OB:KOMP
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
-47.2%
OB:KOMP
-5.9%
NO Banks
-8.3%
NO Market
KOMP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Komplett Bank (KOMP) 0.4% 2.9% 4.7% -47.2% -40.7% -
NO Banks 2.8% 5.6% 2.1% -5.9% 50.5% 39.2%
NO Market 1.6% 7.6% 2.7% -8.3% 31.1% 16.1%
1 Year Return vs Industry and Market
  • KOMP underperformed the Banks industry which returned -5.9% over the past year.
  • KOMP underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
KOMP
Industry
5yr Volatility vs Market

Value

 Is Komplett Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Komplett Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Komplett Bank.

OB:KOMP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK7.92 * 20.2%
NOK1.60
Book Value of Equity per Share Median Book Value from the past 5 years. NOK7.92
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:KOMP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 23%) (16.86%))
1.25
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.25 * 5.96%)
9.21%

Discounted Cash Flow Calculation for OB:KOMP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Komplett Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:KOMP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.2% – 9.21%) * NOK7.92)
NOK0.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK0.87 / (9.21% - 1.76%)
NOK11.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK7.92 + NOK11.65
NOK19.57
OB:KOMP Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK19.57
Current discount Discount to share price of NOK9.60
= -1 x (NOK9.60 - NOK19.57) / NOK19.57
50.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Komplett Bank is available for.
Intrinsic value
>50%
Share price is NOK9.6 vs Future cash flow value of NOK19.57
Current Discount Checks
For Komplett Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Komplett Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Komplett Bank's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Komplett Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Komplett Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:KOMP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK1.75
OB:KOMP Share Price ** OB (2019-09-19) in NOK NOK9.6
Norway Banks Industry PE Ratio Median Figure of 35 Publicly-Listed Banks Companies 7.93x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.35x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Komplett Bank.

OB:KOMP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:KOMP Share Price ÷ EPS (both in NOK)

= 9.6 ÷ 1.75

5.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komplett Bank is good value based on earnings compared to the NO Banks industry average.
  • Komplett Bank is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Komplett Bank's expected growth come at a high price?
Raw Data
OB:KOMP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
13%per year
Norway Banks Industry PEG Ratio Median Figure of 29 Publicly-Listed Banks Companies 0.63x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

OB:KOMP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.49x ÷ 13%

0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komplett Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Komplett Bank's assets?
Raw Data
OB:KOMP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK9.76
OB:KOMP Share Price * OB (2019-09-19) in NOK NOK9.6
Norway Banks Industry PB Ratio Median Figure of 35 Publicly-Listed Banks Companies 0.49x
Norway Market PB Ratio Median Figure of 239 Publicly-Listed Companies 1.12x
OB:KOMP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:KOMP Share Price ÷ Book Value per Share (both in NOK)

= 9.6 ÷ 9.76

0.98x

* Primary Listing of Komplett Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komplett Bank is overvalued based on assets compared to the NO Banks industry average.
X
Value checks
We assess Komplett Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Komplett Bank has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Komplett Bank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Komplett Bank expected to grow at an attractive rate?
  • Komplett Bank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Komplett Bank's earnings growth is positive but not above the Norway market average.
  • Komplett Bank's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:KOMP Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:KOMP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 13%
OB:KOMP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 16.4%
Norway Banks Industry Earnings Growth Rate Market Cap Weighted Average 0.2%
Norway Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:KOMP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:KOMP Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,397 417 1
2020-12-31 1,309 398 1
2019-12-31 1,204 325 1
2019-09-19
OB:KOMP Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 838 -1,607 307
2019-03-31 820 -1,615 333
2018-12-31 782 -2,106 328
2018-09-30 716 -2,294 304
2018-06-30 713 -2,111 321
2018-03-31 649 -1,810 291
2017-12-31 591 -1,775 271
2017-09-30 535 247
2017-06-30 436 194
2017-03-31 370 165
2016-12-31 306 -1,610 129
2016-09-30 243 93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Komplett Bank's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
  • Komplett Bank's revenue is expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:KOMP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Komplett Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:KOMP Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.23 2.23 2.23 1.00
2020-12-31 2.17 2.17 2.17 1.00
2019-12-31 1.79 1.79 1.79 1.00
2019-09-19
OB:KOMP Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 1.75
2019-03-31 1.93
2018-12-31 1.91
2018-09-30 1.80
2018-06-30 1.96
2018-03-31 1.84
2017-12-31 1.79
2017-09-30 1.67
2017-06-30 1.31
2017-03-31 1.11
2016-12-31 0.92
2016-09-30 0.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Komplett Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Komplett Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Komplett Bank has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Komplett Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Komplett Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Komplett Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Komplett Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Komplett Bank's 1-year earnings growth is negative, it can't be compared to the NO Banks industry average.
Earnings and Revenue History
Komplett Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Komplett Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:KOMP Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 837.60 306.95 339.50
2019-03-31 819.50 333.25 322.60
2018-12-31 782.30 328.35 301.40
2018-09-30 716.00 304.35 275.10
2018-06-30 713.40 321.45 249.60
2018-03-31 648.70 290.55 224.80
2017-12-31 590.60 271.05 195.10
2017-09-30 535.37 247.25 180.52
2017-06-30 436.20 194.46 154.37
2017-03-31 370.23 165.34 130.16
2016-12-31 305.50 129.20 113.90
2016-09-30 243.01 92.90 103.31
2016-06-30 186.08 57.80 94.14
2016-03-31 139.45 30.69 85.58
2015-12-31 101.08 11.35 76.25
2015-09-30 74.89 -10.92 81.40
2014-12-31 20.22 -30.53 55.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Komplett Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Komplett Bank used its assets more efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Komplett Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Komplett Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Komplett Bank has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Komplett Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Komplett Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Komplett Bank Company Filings, last reported 2 months ago.

OB:KOMP Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,784.00 295.80 1,313.50
2019-03-31 1,721.10 363.70 1,059.80
2018-12-31 1,619.80 464.50 1,211.90
2018-09-30 1,518.40 464.30 1,095.40
2018-06-30 1,441.90 464.20 811.80
2018-03-31 1,357.00 464.00 490.20
2017-12-31 1,401.70 463.90 421.90
2017-09-30 879.15 508.39
2017-06-30 784.52 109.21
2017-03-31 725.29 109.16
2016-12-31 718.30 64.10 486.90
2016-09-30 625.58 109.05
2016-06-30 384.23 108.99
2016-03-31 353.67 108.94
2015-12-31 334.35 0.00 248.49
2015-09-30 317.49 0.00
2014-12-31 163.28 0.00 127.47
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Komplett Bank has an acceptable proportion of non-loan assets held.
  • Komplett Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Komplett Bank are broadly funded by customer deposits.
  • Komplett Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Komplett Bank has a low allowance for bad loans.
  • Komplett Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Komplett Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Komplett Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Komplett Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Komplett Bank dividends. Estimated to be 7.81% next year.
If you bought NOK2,000 of Komplett Bank shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Komplett Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Komplett Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:KOMP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Norway Banks Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 5.1%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:KOMP Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.00 1.00
2020-12-31 0.75 1.00
2019-12-31 0.50 1.00
2019-09-19

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Komplett Bank has not reported any payouts.
  • Unable to verify if Komplett Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Komplett Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Komplett Bank has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Komplett Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Komplett Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Komplett Bank has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Komplett Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jan Haglund
AGE 49
TENURE AS CEO 0.7 years
CEO Bio

Mr. Jan Olov Haglund has been Chief Executive Officer at Komplett Bank ASA since January 15, 2019 and served as its Chief Financial Officer since June 1, 2018 until January 15, 2019 and served as its Chief Strategy Officer until June 1, 2018. Mr. Haglund served as Managing Director of Finance of Intrum Justitia AB since October 2012. Mr. Haglund served as Regional Financial Director Northern Region at Intrum Justitia AB since March 2011. Previous to that, he was Nordic Head of Banks and Head of Business Area at Entercard and Country Manager & Director at Santander Consumer Finance. Mr. Haglund has an extensive background in the financial services industry and previous positions include Chief Executive Officer of Buckaroo, Managing Director of Intrum Justitia Finance and Nordic Head of Banks at Entercard. Mr. Haglund is an invaluable member of management team and has been instrumental in developing and executing the company’s long-term strategy. He is a seasoned executive with an extensive background from the industry, working in management positions throughout the Nordics and Europe for more than a decade before joining Komplett Bank. He has an M.Sc in Business Administration from Law School at University of Minnesota and has a Master of Laws from Uppsala University. He also holds MSc in Business Administration and Russian.

CEO Compensation
  • Insufficient data for Jan to compare compensation growth.
  • Insufficient data for Jan to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure of the Komplett Bank management team in years:

0.7
Average Tenure
  • The average tenure for the Komplett Bank management team is less than 2 years, this suggests a new team.
Management Team

Jan Haglund

TITLE
Chief Executive Officer
AGE
49
TENURE
0.7 yrs

Henning Fagerbakke

TITLE
Chief Financial Officer
TENURE
0.7 yrs

Niels Ursin-Holm

TITLE
Chief Operation Officer

Steffen Ryengen

TITLE
Chief Marketing & Information Officer

Wilhelm Thomassen

TITLE
Director of Risk Control

Kent Erik Österlund

TITLE
Chief Credit Risk Officer

Christina Pedersen

TITLE
Director for HR & Project Office
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Komplett Bank board of directors in years:

1.5
Average Tenure
56
Average Age
  • The average tenure for the Komplett Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stig Sivertsen

TITLE
Chairman
COMPENSATION
NOK200K
AGE
60
TENURE
0.1 yrs

Bodil Hollingsæter

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK200K
TENURE
4.4 yrs

Live Haukvik Aker

TITLE
Director
COMPENSATION
NOK300K
AGE
56

Hilde Aasen

TITLE
Employee Director
TENURE
1.5 yrs

Morten Petterøe

TITLE
Employee Director
TENURE
1.5 yrs

Harald Hjorthen

TITLE
Director
AGE
41
TENURE
0.1 yrs

Silje Christoffersen

TITLE
Employee Deputy Director
TENURE
1.5 yrs

Pål Røland

TITLE
Employee Deputy Member
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Komplett Bank individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
20. Aug 19 Buy Jan Stangeland Individual 20. Aug 19 20. Aug 19 12,000 NOK9.13 NOK109,560
15. Aug 19 Buy Harald Hjorthen Individual 15. Aug 19 15. Aug 19 150,000 NOK8.40 NOK1,260,000
15. Aug 19 Sell Steffen Ryengen Individual 15. Aug 19 15. Aug 19 -200,000 NOK8.40 NOK-1,680,001
15. Aug 19 Sell Wilhelm Thomassen Individual 15. Aug 19 15. Aug 19 -1,500,000 NOK8.40 NOK-12,600,004
15. Aug 19 Buy Stig Sivertsen Individual 15. Aug 19 15. Aug 19 200,000 NOK8.40 NOK1,680,001
25. Oct 18 Buy Eirik Holtedahl Individual 25. Oct 18 25. Oct 18 150,000 NOK14.75 NOK2,212,500
X
Management checks
We assess Komplett Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Komplett Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

This Insider Has Just Sold Shares In Komplett Bank ASA (OB:KOMP)

View our latest analysis for Komplett Bank The Last 12 Months Of Insider Transactions At Komplett Bank The Director of Risk Control, Wilhelm Thomassen, made the biggest insider sale in the last 12 months. … Over the last year we saw more insider selling of Komplett Bank shares, than buying. … The stark truth for Komplett Bank is that there has been more insider selling than insider buying in the last three months.

Simply Wall St -

If You Had Bought Komplett Bank (OB:KOMP) Stock A Year Ago, You'd Be Sitting On A 48% Loss, Today

For example, the Komplett Bank ASA (OB:KOMP) share price is down 48% in the last year. … Even though the Komplett Bank share price is down over the year, its EPS actually improved. … A Different Perspective Komplett Bank shareholders are down 48% for the year, falling short of the market return.

Simply Wall St -

Read This Before Selling Komplett Bank ASA (OB:KOMP) Shares

So we'll take a look at whether insiders have been buying or selling shares in Komplett Bank ASA (OB:KOMP). … It appears that Komplett Bank insiders own 13% of the company, worth about øre218m. … It would be great to see more insider buying, but overall it seems like Komplett Bank insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future.

Simply Wall St -

Komplett Bank ASA (OB:KOMP): What Does Its Beta Value Mean For Your Portfolio?

If you're interested in Komplett Bank ASA (OB:KOMP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is reasonably close to the market beta of 1, so the stock has in the past displayed similar levels of volatility to the overall market.

Simply Wall St -

Is Komplett Bank ASA's (OB:KOMP) Stock Available For A Good Price After Accounting For Growth?

Komplett Bank ASA (OB:KOMP) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of NOK12.42 is based on unrealistic expectations. … Komplett Bank is available at a price-to-earnings ratio of 6.42x, showing us it is undervalued relative to the current NO market average of 12.8x , and undervalued based on its latest annual earnings update compared to the Banks average of 8.93x. … So, when we include the growth factor in our analysis, Komplett Bank appears relatively cheap , based on the fundamentals.

Simply Wall St -

Is It Too Late To Consider Buying Komplett Bank ASA (OB:KOMP)?

received a lot of attention from a substantial price movement on the OB over the last few months, increasing to NOK13.42 at one point, and dropping to the lows of NOK11.88. … A question to answer is whether Komplett Bank's current trading price of NOK12.5 reflective of the actual value of the? … Let’s take a look at Komplett Bank’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Be Concerned About Komplett Bank ASA’s (OB:KOMP) Risks?

One of the biggest risk Komplett Bank ASA (OB:KOMP) faces as a bank is bad loans, also known as credit risk. … As a small bank, Komplett Bank’s profits are directly affected by macroeconomic events as the ability for borrowers to repay their debt depends on the stability of their salary and interest rate levels. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse Komplett Bank’s risk level before you invest in the stock.

Simply Wall St -

Financial Metrics For Komplett Bank ASA (OB:KOMP)

As a small-cap finance stock with a market capitalisation of øre2.2b, the risk and profitability of Komplett Bank ASA (OB:KOMP) are largely tied to the underlying economic growth of the region it operates in NO. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Komplett Bank in a safe position in the face of adverse headwinds.

Simply Wall St -

Did Komplett Bank's Share Price Deserve to Gain 31%?

For example, the Komplett Bank ASA (OB:KOMP) share price return of 31% over three years lags the market return in the same period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Komplett Bank achieved compound earnings per share growth of 184% per year.

Simply Wall St -

Read This Before You Buy Komplett Bank ASA (OB:KOMP) Because Of Its P/E Ratio

To keep it practical, we'll show how Komplett Bank ASA's (OB:KOMP) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Komplett Bank's P/E ratio is 6.79. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Komplett Bank ASA provides unsecured financing to private individuals in the Norwegian and German markets. It offers consumer loans, credit cards, and point of sale finance products, as well as deposit products. The company was formerly known as AlfaB Prosjekt ASA and changed its name to Komplett Bank ASA in 2014. Komplett Bank ASA was founded in 2012 and is headquartered in Lysaker, Norway.

Details
Name: Komplett Bank ASA
KOMP
Exchange: OB
Founded: 2012
NOK1,754,581,113
182,768,866
Website: http://www.komplettbank.no
Address: Komplett Bank ASA
Vollsveien 2A,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB KOMP Share Capital Oslo Bors NO NOK 27. Mar 2015
DB KBN Share Capital Deutsche Boerse AG DE EUR 27. Mar 2015
LSE 0EFW Share Capital London Stock Exchange GB NOK 27. Mar 2015
BATS-CHIXE KOMPO Share Capital BATS 'Chi-X Europe' GB NOK 27. Mar 2015
Number of employees
Current staff
Staff numbers
89
Komplett Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 21:35
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/08/23
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.