Loading...

We've got a brand new version of Simply Wall St! Try it out

Skue Sparebank

OB:SKUE
Snowflake Description

Adequate balance sheet with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKUE
OB
NOK283M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Skue Sparebank provides various banking products and services primarily in Norway. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
SKUE Share Price and Events
7 Day Returns
1.4%
OB:SKUE
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
15.5%
OB:SKUE
-5.9%
NO Banks
-8.3%
NO Market
SKUE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Skue Sparebank (SKUE) 1.4% 2.1% 1.4% 15.5% 69.3% 93.5%
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
  • SKUE outperformed the Banks industry which returned -5.9% over the past year.
  • SKUE outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
SKUE
Industry
5yr Volatility vs Market

SKUE Value

 Is Skue 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 Skue 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 Skue Sparebank.

OB:SKUE 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
= NOK206.50 * 9.3%
NOK19.15
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. NOK206.50
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:SKUE
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%) (771.48%))
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:SKUE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Skue 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:SKUE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 9.21%) * NOK206.50)
NOK0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK0.13 / (9.21% - 1.76%)
NOK1.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK206.50 + NOK1.74
NOK208.24
OB:SKUE Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK208.24
Current discount Discount to share price of NOK149.00
= -1 x (NOK149.00 - NOK208.24) / NOK208.24
28.4%

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

Current Discount
Amount off the current price Skue Sparebank is available for.
Intrinsic value
28%
Share price is NOK149 vs Future cash flow value of NOK208.24
Current Discount Checks
For Skue Sparebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Skue Sparebank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Skue Sparebank's share price is below the future cash flow value, but not 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 Skue Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Skue Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SKUE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK3.46
OB:SKUE Share Price ** OB (2019-09-19) in NOK NOK149
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 Skue Sparebank.

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

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

= 149 ÷ 3.46

43.04x

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

  • Skue Sparebank is overvalued based on earnings compared to the NO Banks industry average.
  • Skue Sparebank is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Skue Sparebank's expected growth come at a high price?
Raw Data
OB:SKUE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24%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:SKUE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 43.04x ÷ 24%

1.79x

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

  • Skue Sparebank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Skue Sparebank's assets?
Raw Data
OB:SKUE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK562.25
OB:SKUE Share Price * OB (2019-09-19) in NOK NOK149
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:SKUE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 149 ÷ 562.25

0.27x

* Primary Listing of Skue Sparebank.

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

  • Skue Sparebank is good value based on assets compared to the NO Banks industry average.
X
Value checks
We assess Skue 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. Skue Sparebank has a total score of 2/6, 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.

SKUE Future Performance

 How is Skue Sparebank expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
24%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Skue Sparebank expected to grow at an attractive rate?
  • Skue Sparebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Skue Sparebank's earnings growth is expected to exceed the Norway market average.
  • Skue Sparebank's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SKUE Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SKUE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24%
OB:SKUE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.7%
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:SKUE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SKUE Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 113
2021-12-31 268 104 2
2020-12-31 257 99 2
2019-12-31 231 105 1
2019-09-19
OB:SKUE Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 239 -161 7
2019-03-31 235 -533 24
2018-12-31 235 -510 35
2018-09-30 238 -195 31
2018-06-30 238 -201 43
2018-03-31 238 -69 42
2017-12-31 233 224 32
2017-09-30 225 117 25
2017-06-30 221 84 22
2017-03-31 233 -431 34
2016-12-31 229 -755 35
2016-09-30 222 -922 59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Skue Sparebank's earnings are expected to grow significantly at over 20% yearly.
  • Skue Sparebank's revenue is expected to grow by 5.7% 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:SKUE 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 2 Analyst Estimates (S&P Global) See Below

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

OB:SKUE Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 18.82 20.03 17.60 2.00
2020-12-31 18.94 20.87 17.02 2.00
2019-12-31 21.01 21.01 21.01 1.00
2019-09-19
OB:SKUE Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 3.46
2019-03-31 12.69
2018-12-31 18.42
2018-09-30 16.06
2018-06-30 94.59
2018-03-31 22.15
2017-12-31 16.94
2017-09-30 12.81
2017-06-30 11.28
2017-03-31 18.31
2016-12-31 18.72
2016-09-30 31.24

*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.
  • Skue Sparebank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Skue 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.
Skue Sparebank has a total score of 4/6, 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.

SKUE Past Performance

  How has Skue 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 Skue 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.
  • Skue Sparebank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Skue Sparebank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Skue Sparebank's 1-year earnings growth is negative, it can't be compared to the NO Banks industry average.
Earnings and Revenue History
Skue 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 Skue Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SKUE Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 238.89 6.58 63.25
2019-03-31 234.58 24.11 63.42
2018-12-31 234.79 35.01 65.52
2018-09-30 238.48 30.51 72.66
2018-06-30 238.47 43.28 72.34
2018-03-31 237.56 42.10 62.81
2017-12-31 233.30 32.01 72.79
2017-09-30 224.93 25.04 68.03
2017-06-30 221.48 21.80 78.96
2017-03-31 232.96 34.47 98.62
2016-12-31 228.74 35.21 96.94
2016-09-30 222.25 58.76 86.10
2016-06-30 203.62 42.90 84.86
2016-03-31 187.06 25.36 84.48
2015-12-31 185.78 26.22 83.16
2015-09-30 178.06 13.85 99.46
2015-06-30 193.83 28.91 97.75
2015-03-31 181.32 20.14 97.17
2014-12-31 179.26 21.77 97.04
2014-09-30 181.11 76.95 95.86
2014-06-30 163.30 66.17 88.23
2014-03-31 145.92 54.99 78.50
2013-12-31 129.97 46.35 71.73
2013-09-30 124.67 -0.40 68.64
2013-06-30 123.98 3.98 67.91
2013-03-31 130.81 17.09 68.37
2012-12-31 130.68 21.41 65.41
2012-09-30 121.01 26.92 64.55

*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.
  • Skue Sparebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Skue Sparebank used its assets less efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Skue 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 Skue 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.
Skue Sparebank has a total score of 0/6, 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.

SKUE Health

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

OB:SKUE Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,068.28 2,172.04 1,291.23
2019-03-31 1,049.12 2,174.36 1,263.78
2018-12-31 1,047.70 1,986.67 1,206.25
2018-09-30 1,010.08 1,884.74 1,236.04
2018-06-30 994.53 1,735.99 1,032.48
2018-03-31 959.42 1,534.74 1,006.08
2017-12-31 956.05 1,394.90 92.12
2017-09-30 944.52 1,395.67 1,012.82
2017-06-30 925.72 1,395.69 1,047.77
2017-03-31 894.33 1,383.05 846.00
2016-12-31 896.24 1,418.19 824.02
2016-09-30 871.65 1,457.33 891.11
2016-06-30 820.99 1,507.19 760.59
2016-03-31 790.31 1,249.23 800.18
2015-12-31 784.98 1,276.95 1,108.86
2015-09-30 694.76 1,388.19 1,195.59
2015-06-30 694.37 1,419.56 1,100.28
2015-03-31 668.40 1,360.12 1,187.18
2014-12-31 664.44 1,391.23 1,132.27
2014-09-30 647.34 1,483.23 1,319.29
2014-06-30 633.45 1,511.52 1,236.30
2014-03-31 616.71 1,476.56 913.62
2013-12-31 609.35 1,480.29 790.45
2013-09-30 372.18 1,244.59 887.30
2013-06-30 362.90 1,233.08 748.73
2013-03-31 381.71 1,540.86 938.08
2012-12-31 377.46 1,579.21 753.45
2012-09-30 368.23 1,666.51 788.65
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.
  • Skue Sparebank has an acceptable proportion of non-loan assets held.
  • Skue Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Skue Sparebank are broadly funded by customer deposits.
  • Skue Sparebank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Skue Sparebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Skue Sparebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Skue 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. Skue Sparebank 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.

SKUE Dividends

 What is Skue 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
6.71%
Current annual income from Skue Sparebank dividends. Estimated to be 7.52% next year.
If you bought NOK2,000 of Skue Sparebank shares you are expected to receive NOK134 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?
  • Skue Sparebank's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • Skue 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:SKUE 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 2 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:SKUE Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 11.00 2.00
2020-12-31 11.00 2.00
2019-12-31 12.00 1.00
2019-09-19
OB:SKUE Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-21 10.000 6.891
2019-02-13 10.000 6.743
2018-02-21 7.000 5.505
2018-02-14 7.000 5.469
2017-03-10 5.000 4.496
2017-02-08 5.000 4.842
2016-03-17 4.500 4.941
2016-02-10 4.500 4.858
2015-08-12 3.500 3.851
2015-05-13 3.500 4.090
2015-02-27 4.000 5.112
2015-02-11 4.000 5.083
2014-02-28 3.000 4.267
2014-02-12 3.000 4.405
2013-11-08 0.000 0.000
2013-08-14 0.000 0.000
2013-05-15 0.000 0.000
2013-03-25 0.000 0.000
2013-02-22 0.000 0.000
2013-02-06 0.000 0.000
2012-02-24 2.480 4.614
2012-02-08 2.480 3.963
2011-02-25 4.790 7.039
2011-02-09 4.790 6.078
2010-02-26 4.050 5.424
2009-11-06 0.000 0.000
2009-08-25 0.000 0.000
2009-05-13 0.000 0.000
2009-03-03 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Skue Sparebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Skue 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 Skue Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Skue Sparebank has a total score of 4/6, see the detailed checks below.


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

SKUE Management

 What is the CEO of Skue 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
Hans Glesne
COMPENSATION NOK3,446,000
AGE 46
TENURE AS CEO 10.5 years
CEO Bio

Mr. Hans Kristian Glesne serves as a Bank Manager of Skue Sparebank and served as its Chief Executive Officer. Mr. Glesne serves as a Director of Eika Forsikring AS. He served as a Trustee of Sparebanken Øst.

CEO Compensation
  • Hans's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hans's remuneration is about average for companies of similar size in Norway.
Management Team

Hans Glesne

TITLE
CEO & Bank Manager
COMPENSATION
NOK3M
AGE
46
TENURE
10.5 yrs

Geir Hovden

TITLE
CFO & Trustee
COMPENSATION
NOK836K
AGE
50

Marit Jorde

TITLE
Head of Administration

P er Skøien

TITLE
Communications & Marketing Manager

Ingrid Lien Sagabraten

TITLE
Head of Corporate Staff & Bank Manager of Staff

Torun Kristiansen

TITLE
Head of Drammen Department
TENURE
1.7 yrs

Sissel Dymbe

TITLE
Head of Card and Payment Services

Trond Birkeland

TITLE
Chief Business Development Officer and Deputy Bank Manager
COMPENSATION
NOK1M

Terje Bale

TITLE
Chief Credit Officer

Tage Lundberg

TITLE
Chief Business Development Officer
Board of Directors Tenure

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

4.7
Average Tenure
50
Average Age
  • The tenure for the Skue Sparebank board of directors is about average.
Board of Directors

George Fulford

TITLE
Chairman of the Board of Directors
COMPENSATION
NOK241K
AGE
68

Marit Sand-Deinboll

TITLE
Deputy Chairman
COMPENSATION
NOK152K
AGE
50

Geir Hovden

TITLE
CFO & Trustee
COMPENSATION
NOK836K
AGE
50
TENURE
5.7 yrs

Kjetil Larsgard

TITLE
Chairman Board of Trustees
COMPENSATION
NOK34K
TENURE
4.7 yrs

Knut Larsen

TITLE

Rune Ihle

TITLE
Deputy Chairman of Board of Trustees

Kåre Trillhus

TITLE
Director
COMPENSATION
NOK89K
AGE
69
TENURE
4.7 yrs

Per Gauteplass

TITLE
Employee Representative Director
COMPENSATION
NOK89K
AGE
49
TENURE
4.7 yrs

Kine Tyribakken

TITLE
Director
COMPENSATION
NOK107K
AGE
45

Ulrikke Kristine Ytteborg

TITLE
Director
COMPENSATION
NOK89K
AGE
45
TENURE
5.7 yrs
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)
09. May 19 Buy Hans Glesne Individual 09. May 19 09. May 19 9,000 NOK145.99 NOK1,313,910
X
Management checks
We assess Skue 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. Skue 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.

SKUE News

Simply Wall St News

Can You Imagine How Skuerebank's (OB:SKUE) Shareholders Feel About The 95% Share Price Increase?

To wit, the Skuerebank share price has climbed 95% in five years, easily topping the market return of 8.4% (ignoring dividends). … Skuerebank's earnings per share are down 19% per year, despite strong share price performance over five years. … We note that for Skuerebank the TSR over the last 5 years was 156%, which is better than the share price return mentioned above.

Simply Wall St -

Could The Skue Sparebank (OB:SKUE) Ownership Structure Tell Us Something Useful?

Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … View our latest analysis for Skuerebank OB:SKUE Ownership Summary, July 23rd 2019 What Does The Institutional Ownership Tell Us About Skuerebank? … Private Company Ownership Our data indicates that Private Companies hold 11%, of the company's shares.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Skue Sparebank (OB:SKUE)?

Check out our latest analysis for Skuerebank Skuerebank Insider Transactions Over The Last Year CEO &amp; Bank Manager Hans Glesne made the biggest insider purchase in the last 12 months. … OB:SKUE Recent Insider Trading, July 4th 2019 Does Skuerebank Boast High Insider Ownership? … When combined with notable insider ownership, these factors suggest Skuerebank insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

How Should Investors Feel About Skue Sparebank's (OB:SKUE) CEO Pay?

Check out our latest analysis for Skuerebank How Does Hans Glesne's Compensation Compare With Similar Sized Companies? … Boasting a total shareholder return of 94% over three years, Skue Sparebank has done well by shareholders. … So we think most shareholders wouldn't be too worried about CEO compensation, which is close to the median for similar sized companies.

Simply Wall St -

Something To Consider Before Buying Skue Sparebank (OB:SKUE) For The 6.8% Dividend

Could Skue Sparebank (OB:SKUE) 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. In this case, Skuerebank likely looks attractive to dividend investors, given its 6.8% dividend yield and nine-year payment history. We'd agree the yield does look enticing. When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable. Explore this interactive chart for our latest analysis on Skuerebank! OB:SKUE Historical Dividend Yield, May 9th 2019 Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Skuerebank paid out 54% of its profit as dividends. This is a healthy payout ratio, and while it does limit the amount of earnings that can be reinvested in the business, there is also some room to lift the payout ratio over time. We update our data on Skuerebank every 24 hours, so you can always get our latest analysis of its financial health, here. Dividend Volatility Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. The first recorded dividend for Skuerebank, in the last decade, was nine years ago. It's good to see that Skuerebank has been paying a dividend for a number of years. However, the dividend has been cut at least once in the past, and we're concerned that what has been cut once, could be cut again. During the past nine-year period, the first annual payment was øre4.05 in 2010, compared to øre10.00 last year. Dividends per share have grown at approximately 11% per year over this time. The growth in dividends has not been linear, but the CAGR is a decent approximation of the rate of change over this time frame. It's not great to see that the payment has been cut in the past. We're generally more wary of companies that have cut their dividend before, as they tend to perform worse in an economic downturn. Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's not great to see that Skuerebank's have fallen at approximately 8.9% over the past five years. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation. 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. … Earnings per share have been falling, and the company has cut its dividend at least once in the past. … With any dividend stock, we look for a sustainable payout ratio, steady dividends, and growing earnings.

Simply Wall St -

Does Skue Sparebank (OB:SKUE) Have A Place In Your Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Does Skuerebank tick all the boxes of a great dividend stock? … 5 questions to ask before buying a dividend stock

Simply Wall St -

Is Skue Sparebank's (OB:SKUE) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

The Skuerebank Share Price Is Up 122% And Shareholders Are Boasting About It

One great example is Skue Sparebank (OB:SKUE) which saw its share price drive 122% higher over five years. … Skuerebank's earnings per share are down 8.9% per year, despite strong share price performance over five years. … Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

Simply Wall St -

Will Skue Sparebank's (OB:SKUE) Earnings Grow In The Next Couple Of Years?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … In December 2018, Skue Sparebank (OB:SKUE) released its most recent earnings announcement, whicha

Simply Wall St -

Why Skue Sparebank (OB:SKUE) Could Have A Place In Your Portfolio

Attractive stocks have exceptional fundamentals. … In the case of Skue Sparebank (OB:SKUE), there's … track record

Simply Wall St -

SKUE Company Info

Description

Skue Sparebank provides various banking products and services primarily in Norway. The company offers savings accounts; retirement pension products and investor services; car and other vehicle loans, mortgage loans, and small loans, as well as refinancing services; bank and credit cards, and employee packages; and mobile and online banking, and payment services. It also provides various insurance products, including children, auto, death fall, buildings, holiday home, property, income, critical illness, disability, UNG, and other insurance products; and financial advisory services. The company serves individuals and corporate market in the areas of construction, property, trade and services, and agriculture. The company was formerly known as Nes Prestegjelds Sparebank and changed its name to Skue Sparebank in October 2013. Skue Sparebank was founded in 1842 and is based in Geilo, Norway.

Details
Name: Skue Sparebank
SKUE
Exchange: OB
Founded: 1842
NOK283,100,000
1,900,000
Website: http://skuesparebank.no
Address: Skue Sparebank
Geilovegen 34,
Geilo,
Buskerud, 3580,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SKUE Class A Primary Capital Certificates Oslo Bors NO NOK 21. Oct 1998
Number of employees
Current staff
Staff numbers
0
Skue Sparebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:36
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/04
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.