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Lillestrøm Sparebank

OB:LSTSB-ME
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LSTSB-ME
OB
NOK109M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Lillestrøm Sparebank provides various banking products and services for private and business customers. The last earnings update was 37 days ago. More info.


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LSTSB-ME Share Price and Events
7 Day Returns
0%
OB:LSTSB-ME
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
3.8%
OB:LSTSB-ME
-5.9%
NO Banks
-8.3%
NO Market
LSTSB-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lillestrøm Sparebank (LSTSB-ME) 0% 1.9% 0.9% 3.8% - -
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
  • LSTSB-ME outperformed the Banks industry which returned -5.9% over the past year.
  • LSTSB-ME outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

LSTSB-ME Value

 Is Lillestrøm Sparebank 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 Lillestrøm Sparebank 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 Lillestrøm Sparebank.

OB:LSTSB-ME 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
= NOK799.95 * 8.2%
NOK65.57
Book Value of Equity per Share Median Book Value from the past 5 years. NOK799.95
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:LSTSB-ME
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%) (2587.54%))
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:LSTSB-ME using Excess Returns Model Model

The calculations below outline how an intrinsic value for Lillestrøm Sparebank 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:LSTSB-ME Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.2% – 9.21%) * NOK799.95)
NOK-8.11
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-8.11 / (9.21% - 1.76%)
NOK-108.88
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK799.95 + NOK-108.88
NOK691.07
OB:LSTSB-ME Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK691.07
Current discount Discount to share price of NOK109.00
= -1 x (NOK109.00 - NOK691.07) / NOK691.07
84.2%

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

Current Discount
Amount off the current price Lillestrøm Sparebank is available for.
Intrinsic value
>50%
Share price is NOK109 vs Future cash flow value of NOK691.07
Current Discount Checks
For Lillestrøm Sparebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lillestrøm Sparebank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lillestrøm Sparebank'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 Lillestrøm Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lillestrøm Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:LSTSB-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK87.00
OB:LSTSB-ME Share Price ** OB (2019-09-19) in NOK NOK109
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 Lillestrøm Sparebank.

OB:LSTSB-ME PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:LSTSB-ME Share Price ÷ EPS (both in NOK)

= 109 ÷ 87.00

1.25x

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

  • Lillestrøm Sparebank is good value based on earnings compared to the NO Banks industry average.
  • Lillestrøm Sparebank is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Lillestrøm Sparebank's expected growth come at a high price?
Raw Data
OB:LSTSB-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.9%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 .

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

  • Unable to calculate PEG ratio for Lillestrøm Sparebank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lillestrøm Sparebank's assets?
Raw Data
OB:LSTSB-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK860.49
OB:LSTSB-ME Share Price * OB (2019-09-19) in NOK NOK109
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:LSTSB-ME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:LSTSB-ME Share Price ÷ Book Value per Share (both in NOK)

= 109 ÷ 860.49

0.13x

* Primary Listing of Lillestrøm Sparebank.

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

  • Lillestrøm Sparebank is good value based on assets compared to the NO Banks industry average.
X
Value checks
We assess Lillestrøm Sparebank'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. Lillestrøm Sparebank 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.

LSTSB-ME Future Performance

 How is Lillestrøm Sparebank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Lillestrøm Sparebank, future earnings growth has been estimated based on fundamentals.
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
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lillestrøm Sparebank expected to grow at an attractive rate?
  • Lillestrøm Sparebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Lillestrøm Sparebank's earnings growth is positive but not above the Norway market average.
  • Unable to compare Lillestrøm Sparebank's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:LSTSB-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:LSTSB-ME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.9%
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:LSTSB-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:LSTSB-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 199 87
2019-03-31 165 61
2018-12-31 167 -547 64
2018-09-30 167 65
2018-06-30 166 65
2018-03-31 167 66
2017-12-31 163 -570 63
2017-09-30 159 60
2017-06-30 157 59
2017-03-31 157 61
2016-12-31 153 -834 59
2016-09-30 155 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lillestrøm Sparebank's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Lillestrøm Sparebank is high growth as no revenue estimate data is available.
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:LSTSB-ME 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 0 Analyst Estimates (S&P Global) See Below

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

OB:LSTSB-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 87.00
2019-03-31 61.39
2018-12-31 64.41
2018-09-30 65.46
2018-06-30 65.31
2018-03-31 65.73
2017-12-31 63.36
2017-09-30
2017-06-30
2017-03-31
2016-12-31
2016-09-30

*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.
  • Unable to establish if Lillestrøm Sparebank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lillestrøm Sparebank'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.
Lillestrøm Sparebank has a total score of 1/6, 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.

LSTSB-ME Past Performance

  How has Lillestrøm Sparebank 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 Lillestrøm Sparebank'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.
  • Lillestrøm Sparebank's year on year earnings growth rate has been positive over the past 5 years.
  • Lillestrøm Sparebank's 1-year earnings growth exceeds its 5-year average (33.2% vs 6%)
  • Lillestrøm Sparebank's earnings growth has exceeded the NO Banks industry average in the past year (33.2% vs 13.3%).
Earnings and Revenue History
Lillestrøm Sparebank'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 Lillestrøm Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:LSTSB-ME Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 198.97 87.00 73.90
2019-03-31 164.68 61.39 73.33
2018-12-31 166.99 64.41 72.30
2018-09-30 167.33 65.46 69.69
2018-06-30 165.79 65.31 66.96
2018-03-31 166.67 65.73 64.07
2017-12-31 163.20 63.36 61.75
2017-09-30 159.13 59.99 63.62
2017-06-30 156.76 59.05 62.96
2017-03-31 157.28 61.01 62.17
2016-12-31 152.61 58.74 60.44
2016-09-30 154.66 61.32 58.11
2016-06-30 147.10 56.62 57.17
2016-03-31 139.60 49.32 56.44
2015-12-31 147.31 55.07 56.24
2015-09-30 143.92 52.79 56.51
2015-06-30 159.40 64.86 56.59
2015-03-31 158.78 66.21 55.78
2014-12-31 155.25 64.58 54.93
2014-09-30 169.71 76.22 55.87
2014-06-30 111.67 16.82 54.47
2014-03-31 81.42 -19.79 61.25
2013-12-31 79.22 -23.18 62.59
2013-09-30 62.47 -41.27 63.13
2013-06-30 115.77 10.46 68.66
2013-03-31 142.98 39.04 65.42
2012-12-31 143.98 32.15 68.47
2012-09-30 155.43 37.34 72.25

*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.
  • Lillestrøm Sparebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lillestrøm Sparebank used its assets more efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Lillestrøm Sparebank 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 Lillestrøm Sparebank'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.
Lillestrøm Sparebank has a total score of 4/6, 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.

LSTSB-ME Health

 How is Lillestrøm Sparebank'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 Lillestrøm Sparebank'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 Lillestrøm Sparebank Company Filings, last reported 2 months ago.

OB:LSTSB-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 860.49 2,820.42 213.83
2019-03-31 810.64 2,818.02 72.23
2018-12-31 799.95 2,408.71 393.59
2018-09-30 800.92 2,458.78 71.41
2018-06-30 786.89 2,258.98 71.47
2018-03-31 762.65 1,959.03 95.26
2017-12-31 748.94 1,998.99 395.14
2017-09-30 640.85 1,699.96 170.76
2017-06-30 626.96 1,601.23 67.49
2017-03-31 602.30 1,501.12 62.19
2016-12-31 590.97 1,531.02 205.00
2016-09-30 584.86 1,189.38 63.12
2016-06-30 571.91 1,093.76 62.39
2016-03-31 545.29 1,002.71 67.56
2015-12-31 536.23 1,117.51 253.34
2015-09-30 527.70 1,178.37 117.13
2015-06-30 519.45 1,235.58 114.49
2015-03-31 500.13 1,427.59 115.29
2014-12-31 485.32 1,499.77 354.16
2014-09-30 479.92 1,499.89 283.84
2014-06-30 459.60 1,300.13 62.50
2014-03-31 438.93 1,431.67 72.55
2013-12-31 425.74 1,041.37 255.57
2013-09-30 403.70 741.50 113.79
2013-06-30 442.78 1,041.35 113.73
2013-03-31 458.71 1,041.21 92.31
2012-12-31 448.93 1,101.03 621.03
2012-09-30 424.34 1,468.83 431.51
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.
  • Lillestrøm Sparebank has an acceptable proportion of non-loan assets held.
  • Lillestrøm Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Lillestrøm Sparebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Lillestrøm Sparebank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Lillestrøm Sparebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Lillestrøm Sparebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Lillestrøm Sparebank'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. Lillestrøm Sparebank has a total score of 3/6, 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.

LSTSB-ME Dividends

 What is Lillestrøm Sparebank'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
6.79%
Current annual income from Lillestrøm Sparebank dividends.
If you bought NOK2,000 of Lillestrøm Sparebank shares you are expected to receive NOK136 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?
  • Lillestrøm Sparebank's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • Lillestrøm Sparebank's dividend is above the markets top 25% of dividend payers in Norway (6.4%).
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:LSTSB-ME 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 0 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:LSTSB-ME Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-15 7.400 6.898
2019-02-12 7.400 6.669
2018-03-16 8.542 8.130
2018-02-13 8.542 8.201

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

  • Whilst dividend payments have been stable, Lillestrøm Sparebank has been paying a dividend for less than 10 years.
  • Lillestrøm Sparebank has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Lillestrøm Sparebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lillestrøm Sparebank'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 Lillestrøm Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lillestrøm Sparebank has a total score of 3/6, see the detailed checks below.


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

LSTSB-ME Management

 What is the CEO of Lillestrøm Sparebank'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
Siri Berggreen
AGE 51
TENURE AS CEO 6.4 years
CEO Bio

Ms. Siri Berggreen serves as President, Chief Executive Officer and General Manager of Lillestrøm Sparebank.

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

Siri Berggreen

TITLE
President
AGE
51
TENURE
6.4 yrs

Torunn Holtet

TITLE
Head of Economics & HR
AGE
41

Martin Fagerli

TITLE
Head of Business Development & Support
AGE
43

Anne Wood

TITLE
Head of Corporate Market
AGE
61

Tina Grønlund

TITLE
Head of Daily Bank
AGE
53

Jo Martinsen

TITLE
Head of Retail Market
AGE
50
Board of Directors Tenure

Average tenure and age of the Lillestrøm Sparebank board of directors in years:

5.7
Average Tenure
52
Average Age
  • The tenure for the Lillestrøm Sparebank board of directors is about average.
Board of Directors

Endre Solvin-Witzø

TITLE
Chairman of the Board
AGE
48

Jo Moflag

TITLE
Vice-Chairman of the Board of Directors
AGE
43

Kari Krogstad

TITLE
Director
AGE
55
TENURE
7.7 yrs

Mariann Ødegård

TITLE
Director
AGE
52
TENURE
5.7 yrs

Håkon Olsen

TITLE
Director
AGE
61
TENURE
8.7 yrs

Arne Ramstad

TITLE
Director
AGE
59
TENURE
2.7 yrs

Siv Solheim

TITLE
Director
AGE
45
TENURE
2.7 yrs

Hege Johansen

TITLE
Deputy Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess Lillestrøm Sparebank'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. Lillestrøm Sparebank 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.

LSTSB-ME News

Simply Wall St News

Does Lillestrøm Sparebank (OB:LSTSB-ME) Have A Place In Your Dividend Portfolio?

Could Lillestrøm Sparebank (OB:LSTSB-ME) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. Some readers mightn't know much about Lillestrømrebank's 7.0% dividend, as it has only been paying distributions for a year or so. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … This company has been paying a dividend for less than 2 years, which we think is too soon to consider it a reliable dividend stock. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. Lillestrømrebank's earnings per share are down -6.6% over the past year. While this is not ideal, one year is a short time in business, and we wouldn't want to get too hung up on this. We do note though, one year is too short a time to be drawing strong conclusions about a company's future prospects. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

LillestrømBanken (OB:LSTSB-ME): 4 Days To Buy Before The Ex-Dividend Date

Important news for shareholders and potential investors in LillestrømBanken (OB:LSTSB-ME): The dividend payment of øre7.40 per share will be distributed to shareholders on 26 March 2019, and the stock will begin trading ex-dividend at an earlier date, 15 March 2019. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

Will LillestrømBanken (OB:LSTSB-ME) Continue To Underperform Its Industry?

and want to better understand how you can grow your money by investing in LillestrømBanken (OB:LSTSB-ME). … With an ROE of 8.62%, LillestrømBanken (OB:LSTSB-ME) returned in-line to its own industry which delivered 9.57% over the past year. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of LSTSB-ME's returns

Simply Wall St -

Is It Time To Buy LillestrømBanken (OB:LSTSB-ME) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for LSTSB-ME Price per share = NOK106 Earnings per share = NOK63.355 ∴ Price-Earnings Ratio = NOK106 ÷ NOK63.355 = 1.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with LSTSB-ME, then LSTSB-ME’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with LSTSB-ME, LSTSB-ME’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

LSTSB-ME Company Info

Description

Lillestrøm Sparebank provides various banking products and services for private and business customers. It offers accounts; savings and pensions products; and children, auto, death fall, health, buildings, holiday home, property, income, critical illness, disability, UNG, liability, operational agriculture, landlord, cyber, customer's, craft, collective accident, commercial, personal, business travel, big car, and occupational injuries insurance products, as well as insurance products for lice, and breeding and crews. The company also provides construction, corporate, and car loans, as well as mortgages, loans to other vehicles, and small loans and refinancing products; bank guarantees, overdrafts, bankcards, payment terminals, billing, leasing, foreign payment, and online and mobile banking services; and other services. Lillestrøm Sparebank was founded in 1887 and is based in Lillestrøm, Norway.

Details
Name: Lillestrøm Sparebank
LSTSB-ME
Exchange: OB
Founded: 1887
NOK109,000,000
1,000,000
Website: http://www.lillestrombanken.no
Address: Lillestrøm Sparebank
Torvet 5,
Lillestrøm,
Akershus, 2000,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB LSTSB-ME Share Capital Oslo Bors NO NOK 08. Dec 2017
Number of employees
Current staff
Staff numbers
0
Lillestrøm Sparebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 21:55
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/13
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.