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SpareBank 1 Østfold Akershus

OB:SOAG
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOAG
OB
NOK3B
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

SpareBank 1 Østfold Akershus, a savings bank, provides various banking products and services in Østfold and the southern part of Akershus. The last earnings update was 35 days ago. More info.


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SOAG Share Price and Events
7 Day Returns
1.8%
OB:SOAG
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
13.7%
OB:SOAG
-5.9%
NO Banks
-8.3%
NO Market
SOAG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SpareBank 1 Østfold Akershus (SOAG) 1.8% 0% 0.9% 13.7% 63.5% 96.5%
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
  • SOAG outperformed the Banks industry which returned -5.9% over the past year.
  • SOAG outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
SOAG
Industry
5yr Volatility vs Market

SOAG Value

 Is SpareBank 1 Østfold Akershus 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 SpareBank 1 Østfold Akershus 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 SpareBank 1 Østfold Akershus.

OB:SOAG 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
= NOK266.96 * 10.6%
NOK28.41
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. NOK266.96
Discount Rate (Cost of Equity) See below 9.6%
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:SOAG
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%) (183.91%))
1.308
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.308 * 5.96%)
9.55%

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

The calculations below outline how an intrinsic value for SpareBank 1 Østfold Akershus 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:SOAG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.6% – 9.55%) * NOK266.96)
NOK2.91
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK2.91 / (9.55% - 1.76%)
NOK37.30
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK266.96 + NOK37.30
NOK304.26
OB:SOAG Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK304.26
Current discount Discount to share price of NOK224.00
= -1 x (NOK224.00 - NOK304.26) / NOK304.26
26.4%

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

Current Discount
Amount off the current price SpareBank 1 Østfold Akershus is available for.
Intrinsic value
26%
Share price is NOK224 vs Future cash flow value of NOK304.26
Current Discount Checks
For SpareBank 1 Østfold Akershus to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SpareBank 1 Østfold Akershus's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SpareBank 1 Østfold Akershus'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 SpareBank 1 Østfold Akershus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SpareBank 1 Østfold Akershus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SOAG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK30.21
OB:SOAG Share Price ** OB (2019-09-19) in NOK NOK224
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 SpareBank 1 Østfold Akershus.

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

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

= 224 ÷ 30.21

7.41x

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

  • SpareBank 1 Østfold Akershus is good value based on earnings compared to the NO Banks industry average.
  • SpareBank 1 Østfold Akershus is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does SpareBank 1 Østfold Akershus's expected growth come at a high price?
Raw Data
OB:SOAG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-4.1%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:SOAG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.41x ÷ -4.1%

-1.8x

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

  • SpareBank 1 Østfold Akershus earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SpareBank 1 Østfold Akershus's assets?
Raw Data
OB:SOAG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK272.39
OB:SOAG Share Price * OB (2019-09-19) in NOK NOK224
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:SOAG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 224 ÷ 272.39

0.82x

* Primary Listing of SpareBank 1 Østfold Akershus.

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

  • SpareBank 1 Østfold Akershus is overvalued based on assets compared to the NO Banks industry average.
X
Value checks
We assess SpareBank 1 Østfold Akershus'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. SpareBank 1 Østfold Akershus has a total score of 3/6, 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.

SOAG Future Performance

 How is SpareBank 1 Østfold Akershus 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
-4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SpareBank 1 Østfold Akershus expected to grow at an attractive rate?
  • SpareBank 1 Østfold Akershus's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.
Growth vs Market Checks
  • SpareBank 1 Østfold Akershus's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.
  • SpareBank 1 Østfold Akershus's revenue growth is positive but not above the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SOAG Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SOAG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -4.1%
OB:SOAG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 0.9%
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:SOAG 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:SOAG Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 342
2021-12-31 814 358 2
2020-12-31 777 337 2
2019-12-31 767 405 2
2019-09-19
OB:SOAG Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 825 1,168 374
2019-03-31 811 997 366
2018-12-31 775 -323 335
2018-09-30 786 -990 350
2018-06-30 782 -792 360
2018-03-31 750 -586 335
2017-12-31 709 -348 300
2017-09-30 680 -158 270
2017-06-30 689 991 270
2017-03-31 723 42 302
2016-12-31 722 255 305
2016-09-30 698 632 276

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SpareBank 1 Østfold Akershus's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SpareBank 1 Østfold Akershus's revenue is expected to grow by 0.9% 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:SOAG 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 SpareBank 1 Østfold Akershus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SOAG Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 23.17 25.62 20.72 2.00
2020-12-31 25.03 26.15 23.91 2.00
2019-12-31 30.39 30.86 29.92 2.00
2019-09-19
OB:SOAG Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 30.21
2019-03-31 29.53
2018-12-31 27.06
2018-09-30 28.28
2018-06-30 29.81
2018-03-31 28.34
2017-12-31 26.01
2017-09-30 23.97
2017-06-30 23.90
2017-03-31 27.28
2016-12-31 27.09
2016-09-30 25.58

*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.
  • SpareBank 1 Østfold Akershus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SpareBank 1 Østfold Akershus'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.
SpareBank 1 Østfold Akershus has a total score of 0/6, 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.

SOAG Past Performance

  How has SpareBank 1 Østfold Akershus 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 SpareBank 1 Østfold Akershus'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.
  • SpareBank 1 Østfold Akershus's year on year earnings growth rate has been positive over the past 5 years.
  • SpareBank 1 Østfold Akershus's 1-year earnings growth is less than its 5-year average (4% vs 13.1%)
  • SpareBank 1 Østfold Akershus's earnings growth has not exceeded the NO Banks industry average in the past year (4% vs 13.3%).
Earnings and Revenue History
SpareBank 1 Østfold Akershus'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 SpareBank 1 Østfold Akershus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SOAG Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 824.63 374.31 236.94
2019-03-31 811.00 365.89 232.34
2018-12-31 775.19 335.29 229.36
2018-09-30 786.05 350.23 230.37
2018-06-30 782.05 359.76 225.65
2018-03-31 750.13 335.26 205.37
2017-12-31 708.88 300.32 204.86
2017-09-30 680.47 270.13 197.10
2017-06-30 689.20 270.16 196.36
2017-03-31 723.25 301.57 197.29
2016-12-31 721.53 305.20 195.95
2016-09-30 697.76 276.14 202.63
2016-06-30 627.03 223.43 203.69
2016-03-31 588.10 195.82 203.80
2015-12-31 596.34 202.23 204.11
2015-09-30 598.49 204.94 228.16
2015-06-30 660.41 244.74 228.68
2015-03-31 659.04 237.56 230.56
2014-12-31 619.01 200.63 231.22
2014-09-30 610.39 226.32 215.65
2014-06-30 573.31 201.78 218.11
2014-03-31 550.30 184.13 216.39
2013-12-31 532.64 171.49 214.20
2013-09-30 508.91 137.40 140.94
2013-06-30 488.80 121.64 159.96
2013-03-31 491.16 127.67 176.30
2012-12-31 501.53 136.87 194.92
2012-09-30 469.12 179.27 202.66

*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.
  • SpareBank 1 Østfold Akershus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SpareBank 1 Østfold Akershus used its assets more efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if SpareBank 1 Østfold Akershus 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 SpareBank 1 Østfold Akershus'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.
SpareBank 1 Østfold Akershus 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.

SOAG Health

 How is SpareBank 1 Østfold Akershus'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 SpareBank 1 Østfold Akershus'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 SpareBank 1 Østfold Akershus Company Filings, last reported 2 months ago.

OB:SOAG Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 3,374.49 5,091.53 2,603.44
2019-03-31 3,463.68 5,348.94 4,264.15
2018-12-31 3,329.57 5,536.52 2,077.11
2018-09-30 3,389.06 5,585.15 952.34
2018-06-30 3,172.58 5,435.01 1,393.95
2018-03-31 3,199.86 4,981.46 737.47
2017-12-31 3,095.89 4,723.81 949.61
2017-09-30 2,808.42 4,705.00 50.07
2017-06-30 2,711.24 4,723.44 75.05
2017-03-31 2,643.75 4,626.68 85.47
2016-12-31 2,670.31 4,632.42 1,124.72
2016-09-30 2,602.01 4,407.64 103.07
2016-06-30 2,491.29 4,299.64 120.58
2016-03-31 2,405.62 4,617.25 113.57
2015-12-31 2,245.52 4,552.93 125.12
2015-09-30 2,192.49 4,678.82 922.12
2015-06-30 2,119.05 4,791.79 1,319.90
2015-03-31 1,872.77 4,311.44 1,037.60
2014-12-31 1,841.97 4,270.71 159.10
2014-09-30 1,796.58 4,496.48 189.27
2014-06-30 1,754.34 4,831.57 1,273.90
2014-03-31 1,686.99 5,178.64 721.08
2013-12-31 1,675.91 5,120.84 1,197.08
2013-09-30 1,604.44 4,387.48 604.54
2013-06-30 1,548.83 4,696.10 1,198.98
2013-03-31 1,507.84 4,466.39 803.44
2012-12-31 1,526.17 4,569.49 579.46
2012-09-30 1,490.22 4,823.06 786.04
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.
  • SpareBank 1 Østfold Akershus has an acceptable proportion of non-loan assets held.
  • SpareBank 1 Østfold Akershus's liabilities are made up of primarily low risk sources of funding.
  • Loans at SpareBank 1 Østfold Akershus are broadly funded by customer deposits.
  • SpareBank 1 Østfold Akershus's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if SpareBank 1 Østfold Akershus has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if SpareBank 1 Østfold Akershus has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess SpareBank 1 Østfold Akershus'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. SpareBank 1 Østfold Akershus 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.

SOAG Dividends

 What is SpareBank 1 Østfold Akershus'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
6.52%
Current annual income from SpareBank 1 Østfold Akershus dividends. Estimated to be 6.47% next year.
If you bought NOK2,000 of SpareBank 1 Østfold Akershus shares you are expected to receive NOK130 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?
  • SpareBank 1 Østfold Akershus's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • SpareBank 1 Østfold Akershus'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:SOAG 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:SOAG Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 14.50 2.00
2020-12-31 14.00 2.00
2019-12-31 15.00 2.00
2019-09-19
OB:SOAG Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-05 14.600 6.639
2018-03-05 9.300 4.790
2018-02-05 9.300 4.731
2017-03-07 7.400 3.995
2017-02-07 7.400 4.131
2016-03-31 3.900 2.815
2016-02-05 3.900 3.115
2015-04-27 4.400 3.323
2015-02-06 4.400 3.312
2014-03-21 3.300 3.111
2014-02-07 3.300 3.402
2013-06-03 4.100 5.185
2013-02-21 4.100 5.225
2012-06-20 2.000 2.914
2012-02-15 2.000 2.896
2011-04-13 7.330 8.019
2011-03-03 7.330 7.003
2011-02-07 7.330 6.653
2010-03-05 2.360 2.523
2010-01-20 2.360 2.862
2009-04-03 1.600 2.067

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 SpareBank 1 Østfold Akershus's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x 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 SpareBank 1 Østfold Akershus'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 SpareBank 1 Østfold Akershus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SpareBank 1 Østfold Akershus has a total score of 5/6, see the detailed checks below.


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

SOAG Management

 What is the CEO of SpareBank 1 Østfold Akershus'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
Arild Hansen
COMPENSATION NOK3,509,000
TENURE AS CEO 6.1 years
CEO Bio

Mr. Arild Bjørn Hansen serves as Managing Director at SpareBank 1 Østfold Akershus and served as its Chief Executive Officer. Mr. Hansen served as its Deputy Managing Director.

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

Average tenure of the SpareBank 1 Østfold Akershus management team in years:

9.2
Average Tenure
  • The average tenure for the SpareBank 1 Østfold Akershus management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Arild Hansen

TITLE
Managing Director
COMPENSATION
NOK4M
TENURE
6.1 yrs

Lillian Lundberg

TITLE
Deputy Managing Director
COMPENSATION
NOK2M
AGE
49
TENURE
12.3 yrs

Jorunn Solstad Ellingsen

TITLE
Director of HR & Business Support
COMPENSATION
NOK1M

Jon Tørmoen

TITLE
Director of Corporate Market
COMPENSATION
NOK1M

Geir Haugan

TITLE
Director of Business Development & Market
COMPENSATION
NOK1M

Terese Prebensen

TITLE
Director of Retail Market
COMPENSATION
NOK316K
TENURE
0.8 yrs

Ivar Christoffersen

TITLE
Director of Communications
COMPENSATION
NOK1M

Magne Kristoffersen

TITLE
Controller

Tobias Ekstrøm

TITLE
Financial Controller
TENURE
13 yrs

Einar Aas

TITLE
Manager of Nekor Gårdselskap AS
COMPENSATION
NOK1M
Board of Directors Tenure

Average tenure and age of the SpareBank 1 Østfold Akershus board of directors in years:

2.9
Average Tenure
51
Average Age
  • The average tenure for the SpareBank 1 Østfold Akershus board of directors is less than 3 years, this suggests a new board.
Board of Directors

Per Lilleng

TITLE
Chairman
COMPENSATION
NOK250K
AGE
60
TENURE
0.4 yrs

Elin Hagen

TITLE
Deputy Chairman
COMPENSATION
NOK126K
AGE
43
TENURE
0.4 yrs

Tollef Jensen

TITLE
Supervisory Board Chairman

Vidar Løfshus

TITLE
Director
COMPENSATION
NOK103K
AGE
49
TENURE
3.4 yrs

Tom Pettersen Grip

TITLE
Director
COMPENSATION
NOK90K
AGE
58
TENURE
8.7 yrs

Janne-Gerd Kanebog

TITLE
Director
COMPENSATION
NOK90K
AGE
58
TENURE
12.7 yrs

Kristin Utakleiv

TITLE
Director
COMPENSATION
NOK90K
AGE
51
TENURE
2.4 yrs

Øystein Larsen

TITLE
Director
COMPENSATION
NOK120K
AGE
44
TENURE
3.4 yrs

Unni Rådalen

TITLE
Director
AGE
47
TENURE
0.4 yrs

Ellen Vanem

TITLE
Deputy Director
COMPENSATION
NOK90K
AGE
54
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)
12. Dec 18 Buy Terese Prebensen Individual 12. Dec 18 12. Dec 18 100 NOK195.00 NOK19,500
04. Dec 18 Buy Gro Østerud Individual 04. Dec 18 04. Dec 18 507 NOK197.00 NOK99,879
X
Management checks
We assess SpareBank 1 Østfold Akershus'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. SpareBank 1 Østfold Akershus 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.

SOAG News

Simply Wall St News

Here's Why I Think SpareBank 1 Østfold Akershus (OB:SOAG) Might Deserve Your Attention Today

View our latest analysis for SpareBank 1 Østfold Akershus SpareBank 1 Østfold Akershus's Earnings Per Share Are Growing. … It's me that SpareBank 1 Østfold Akershus insiders are buying the stock, but that's not the only reason to think leader are fair to shareholders. … So if you like the sound of SpareBank 1 Østfold Akershus, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Why SpareBank 1 Østfold Akershus (OB:SOAG) Should Be In Your Dividend Portfolio

Dividend paying stocks like SpareBank 1 Østfold Akershus (OB:SOAG) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … SpareBank 1 Østfold Akershus has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Conclusion To summarise, shareholders should always check that SpareBank 1 Østfold Akershus's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

SpareBank 1 Østfold Akershus (OB:SOAG) Shareholders Have Enjoyed An Impressive 134% Share Price Gain

For example, the SpareBank 1 Østfold Akershus (OB:SOAG) share price has soared 134% in the last half decade. … Over half a decade, SpareBank 1 Østfold Akershus managed to grow its earnings per share at 8.2% a year. … We note that for SpareBank 1 Østfold Akershus the TSR over the last 5 years was 191%, which is better than the share price return mentioned above.

Simply Wall St -

How Many SpareBank 1 Østfold Akershus (OB:SOAG) Shares Did Insiders Buy, In The Last Year?

So before you buy or sell SpareBank 1 Østfold Akershus (OB:SOAG), you may well want to know whether insiders have been buying or selling. … OB:SOAG Recent Insider Trading, May 22nd 2019 SpareBank 1 Østfold Akershus is not the only stock insiders are buying. … From looking at our data, insiders own øre42m worth of SpareBank 1 Østfold Akershus stock, about 1.5% of the company.

Simply Wall St -

SpareBank 1 Østfold Akershus (OB:SOAG) Is Yielding 7.0% - But Is It A Buy?

Today we'll take a closer look at SpareBank 1 Østfold Akershus (OB:SOAG) from a dividend investor's perspective. … With a nine-year payment history and a 7.0% yield, many investors probably find SpareBank 1 Østfold Akershus intriguing. … There are a few simple ways to reduce the risks of buying SpareBank 1 Østfold Akershus for its dividend, and we'll go through these below.

Simply Wall St -

Here's What We Think About SpareBank 1 Østfold Akershus's (OB:SOAG) CEO Pay

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Arild Hansen's Compensation Compare With Similar Sized Companies. … According to our data, SpareBank 1 Østfold Akershus has a market capitalization of øre2.7b, and pays its CEO total annual compensation worth øre3.5m.

Simply Wall St -

SpareBank 1 Østfold Akershus (OB:SOAG): What We Can Expect From This Growth Stock

In December 2018, SpareBank 1 Østfold Akershus (OB:SOAG) announced its earnings update. … with profits predicted to rise by -0.4% next year … the higher past 5-year average growth rate of 13%

Simply Wall St -

Does SpareBank 1 Østfold Akershus (OB:SOAG) Have A Good P/E Ratio?

To keep it practical, we'll show how SpareBank 1 Østfold Akershus's (OB:SOAG) P/E ratio could help you assess the value on offer. … SpareBank 1 Østfold Akershus has a P/E ratio of 7.98, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Do Analysts Think About SpareBank 1 Østfold Akershus's (OB:SOAG) Earnings Trajectory?

The latest earnings announcement SpareBank 1 Østfold Akershus (OB:SOAG) released in December 2018a

Simply Wall St -

If You Had Bought SpareBank 1 Østfold Akershus Shares Five Years Ago You'd Have Made 130%

One great example is SpareBank 1 Østfold Akershus (OB:SOAG) which saw its share price drive 130% higher over five years. … During five years of share price growth, SpareBank 1 Østfold Akershus achieved compound earnings per share (EPS) growth of 7.9% per year. … This EPS growth is slower than the share price growth of 18% per year, over the same period.

Simply Wall St -

SOAG Company Info

Description

SpareBank 1 Østfold Akershus, a savings bank, provides various banking products and services in Østfold and the southern part of Akershus. It offers savings, deposit, operating, tax deduction, and currency accounts; bank cards; repayment, construction, boat, motorcycle, and car loans; trade and operating credit products; factoring services; leasing products; bank guarantees; operating credit for agriculture; savings and investment products; and mortgage products. The company also provides insurance products, such as business, commercial, project, liability, asset, car, boat, personal, treatment, accident, occupational injuries, disability, house and travel, life and health, pet, and other vehicles insurance, as well as pension products. In addition, it offers debt collection and accounting services; futures and currency options; and mobile and online banking services. SpareBank 1 Østfold Akershus was founded in 1835 and is headquartered in Moss, Norway.

Details
Name: SpareBank 1 Østfold Akershus
SOAG
Exchange: OB
Founded: 1835
NOK2,774,991,744
12,388,356
Website: http://www.sparebank1.no/ostfold-akershus
Address: SpareBank 1 Østfold Akershus
Varnaveien 43E,
Moss,
Østfold, 1526,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SOAG Primary Capital Certificates Oslo Bors NO NOK 01. Nov 2005
Number of employees
Current staff
Staff numbers
0
SpareBank 1 Østfold Akershus employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:47
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/08/15
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.