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Sogn Sparebank

OB:SOGN
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOGN
OB
NOK63M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Indre Sogn Sparebank provides banking products and services in Norway. The last earnings update was 35 days ago. More info.


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SOGN Share Price and Events
7 Day Returns
0%
OB:SOGN
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
8.2%
OB:SOGN
-5.9%
NO Banks
-8.3%
NO Market
SOGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sogn Sparebank (SOGN) 0% -0.5% -2.9% 8.2% 44.5% 52.3%
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
  • SOGN outperformed the Banks industry which returned -5.9% over the past year.
  • SOGN outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
SOGN
Industry
5yr Volatility vs Market

SOGN Value

 Is Sogn 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 Sogn 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 Sogn Sparebank.

OB:SOGN 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
= NOK192.16 * 5.8%
NOK11.16
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. NOK192.16
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:SOGN
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%) (1057.96%))
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:SOGN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sogn 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:SOGN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.8% – 9.21%) * NOK192.16)
NOK-6.55
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-6.55 / (9.21% - 1.76%)
NOK-87.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK192.16 + NOK-87.84
NOK104.32
OB:SOGN Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK104.32
Current discount Discount to share price of NOK99.00
= -1 x (NOK99.00 - NOK104.32) / NOK104.32
5.1%

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

Current Discount
Amount off the current price Sogn Sparebank is available for.
Intrinsic value
5%
Share price is NOK99 vs Future cash flow value of NOK104.32
Current Discount Checks
For Sogn Sparebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sogn Sparebank's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sogn 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 Sogn Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sogn Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SOGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK5.95
OB:SOGN Share Price ** OB (2019-09-19) in NOK NOK99
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 Sogn Sparebank.

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

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

= 99 ÷ 5.95

16.63x

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

  • Sogn Sparebank is overvalued based on earnings compared to the NO Banks industry average.
  • Sogn Sparebank is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Sogn Sparebank's expected growth come at a high price?
Raw Data
OB:SOGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
32.1%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:SOGN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.63x ÷ 32.1%

0.52x

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

  • Sogn Sparebank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sogn Sparebank's assets?
Raw Data
OB:SOGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK1,389.49
OB:SOGN Share Price * OB (2019-09-19) in NOK NOK99
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:SOGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 99 ÷ 1,389.49

0.07x

* Primary Listing of Sogn Sparebank.

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

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

SOGN Future Performance

 How is Sogn 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
32.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sogn Sparebank expected to grow at an attractive rate?
  • Sogn Sparebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Sogn Sparebank's earnings growth is expected to exceed the Norway market average.
  • Sogn Sparebank's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:SOGN Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:SOGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 32.1%
OB:SOGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 17.5%
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:SOGN 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:SOGN Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 60
2021-12-31 176 57 2
2020-12-31 170 53 2
2019-12-31 130 38 1
2019-09-19
OB:SOGN Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 110 -194 4
2019-03-31 91 -216 4
2018-12-31 93 -238 6
2018-09-30 88 -235 6
2018-06-30 91 -216 7
2018-03-31 94 -122 8
2017-12-31 92 -53 7
2017-09-30 91 61 20
2017-06-30 94 66 20
2017-03-31 89 -12 19
2016-12-31 88 -121 18
2016-09-30 90 -145 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sogn Sparebank's earnings are expected to grow significantly at over 20% yearly.
  • Sogn Sparebank's revenue is expected to grow by 17.5% 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:SOGN 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 Sogn Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SOGN Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 11.15 11.32 10.97 2.00
2020-12-31 10.49 10.80 10.17 2.00
2019-12-31 10.43 10.43 10.43 1.00
2019-09-19
OB:SOGN Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 5.95
2019-03-31 11.13
2018-12-31 9.11
2018-09-30 10.07
2018-06-30 11.33
2018-03-31 14.59
2017-12-31 11.85
2017-09-30 31.46
2017-06-30 32.18
2017-03-31 26.32
2016-12-31 29.07
2016-09-30 9.24

*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.
  • Sogn Sparebank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sogn 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.
Sogn 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.

SOGN Past Performance

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

OB:SOGN Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 110.29 3.76 39.48
2019-03-31 91.38 4.05 37.44
2018-12-31 92.54 5.76 37.35
2018-09-30 87.98 6.47 39.23
2018-06-30 91.10 7.13 38.74
2018-03-31 93.70 8.18 36.75
2017-12-31 91.55 7.50 36.68
2017-09-30 91.36 19.60 35.17
2017-06-30 93.99 20.03 40.77
2017-03-31 89.23 18.78 43.48
2016-12-31 88.49 18.39 46.39
2016-09-30 89.52 6.25 45.23
2016-06-30 81.24 4.71 43.15
2016-03-31 78.31 5.13 38.84
2015-12-31 78.66 5.76 39.07
2015-09-30 78.22 20.77 40.96
2015-06-30 82.28 22.20 39.62
2015-03-31 83.20 21.71 43.07
2014-12-31 84.91 22.55 41.53
2014-09-30 82.79 17.33 40.86
2014-06-30 82.61 17.49 40.75
2014-03-31 77.55 16.20 39.86
2013-12-31 73.45 15.62 39.19
2013-09-30 71.32 -15.89 37.72
2013-06-30 72.51 -8.45 36.24
2013-03-31 81.96 6.00 36.11
2012-12-31 85.33 10.81 35.69
2012-09-30 88.22 30.71 35.70

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

SOGN Health

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

OB:SOGN Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 882.55 662.47 1,466.98
2019-03-31 406.84 451.71 589.88
2018-12-31 404.12 451.49 338.54
2018-09-30 396.42 401.48 713.64
2018-06-30 415.69 402.26 1,323.60
2018-03-31 390.71 413.38 614.57
2017-12-31 375.92 401.72 258.60
2017-09-30 373.68 401.46 539.41
2017-06-30 330.47 439.62 814.19
2017-03-31 318.84 530.32 578.62
2016-12-31 359.38 490.22 227.91
2016-09-30 312.53 537.73 560.38
2016-06-30 306.87 461.36 578.09
2016-03-31 305.14 461.35 372.52
2015-12-31 303.81 571.43 397.41
2015-09-30 294.28 676.63 653.93
2015-06-30 292.51 676.67 869.09
2015-03-31 281.08 676.56 654.64
2014-12-31 280.05 826.80 230.52
2014-09-30 267.38 955.12 796.17
2014-06-30 265.68 995.16 804.60
2014-03-31 261.15 1,038.85 485.22
2013-12-31 255.27 1,049.69 310.70
2013-09-30 246.32 1,024.00 461.19
2013-06-30 239.53 1,075.83 550.19
2013-03-31 235.21 1,069.20 402.47
2012-12-31 232.08 1,010.79 226.06
2012-09-30 229.35 984.77 487.70
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.
  • Sogn Sparebank has an acceptable proportion of non-loan assets held.
  • Sogn Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Sogn Sparebank are broadly funded by customer deposits.
  • Sogn 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 Sogn Sparebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Sogn Sparebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Sogn 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. Sogn 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.

SOGN Dividends

 What is Sogn 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
2.02%
Current annual income from Sogn Sparebank dividends. Estimated to be 5.45% next year.
If you bought NOK2,000 of Sogn Sparebank shares you are expected to receive NOK40 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?
  • Sogn Sparebank's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • Sogn Sparebank's dividend is below 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:SOGN 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:SOGN Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 6.00 2.00
2020-12-31 5.50 2.00
2019-12-31 4.00 1.00
2019-09-19
OB:SOGN Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-12 2.000 1.963
2018-11-12 0.000 0.000
2018-08-15 0.000 0.000
2018-04-27 0.000 0.000
2018-02-14 0.000 0.000
2017-02-14 3.000 3.832
2016-02-12 4.000 5.701
2015-03-26 3.250 4.787
2015-02-06 3.250 4.450
2014-03-26 3.250 5.363
2014-02-07 3.250 5.732
2013-03-21 3.250 5.895
2013-02-08 3.250 5.744
2012-02-03 2.000 4.422
2011-03-31 2.800 5.808
2011-01-28 2.800 4.687
2010-08-13 0.850 1.419
2010-05-11 0.850 1.457
2009-11-20 0.000 0.000

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

  • Sogn Sparebank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Sogn Sparebank only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sogn Sparebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Sogn 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 Sogn Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sogn Sparebank has a total score of 2/6, see the detailed checks below.


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

SOGN Management

 What is the CEO of Sogn 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.
  • Sogn Sparebank has no CEO, or we have no data on them.
Management Team

Karin Vikane

TITLE
Assistant General Manager
COMPENSATION
NOK930K
TENURE
14.7 yrs

Leif Bungum

TITLE
Finance Manager

Jermund Molland

TITLE
Risk & Compliance Manager
TENURE
1.7 yrs

Magne Klepp

TITLE
Chief Retail Market
Board of Directors Tenure

Average tenure of the Sogn Sparebank board of directors in years:

0.3
Average Tenure
  • The average tenure for the Sogn Sparebank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Morten Kristiansen

TITLE
Chairman of the Board
TENURE
2.7 yrs

Arve Tokvam

TITLE
Vice Chairman of the Board

Martin Andersen

TITLE
Chairman of Board of Trustees

Kirsti Eklund

TITLE
Chairman of Board of Trustees

Siv Enerstvedt

TITLE
Board Member

Grzegorz Stefanski

TITLE
Board Member

Olav Vikøren

TITLE
Board Member
TENURE
0.3 yrs

Anne Espeland

TITLE
Board Member
TENURE
0.3 yrs

Anne Langeland

TITLE
Board Member
TENURE
0.3 yrs

Håkon Lysne

TITLE
Board Member
TENURE
0.3 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)
02. May 19 Sell Egon Moen Individual 02. May 19 02. May 19 -2,300 NOK102.50 NOK-235,750
X
Management checks
We assess Sogn 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. Sogn 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.

SOGN News

Simply Wall St News

Did Sognrebank's (OB:SOGN) Share Price Deserve to Gain 59%?

For example, the Sogn Sparebank (OB:SOGN) share price is up 59% in the last 5 years, clearly besting than the market return of around 7.8% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Sognrebank actually saw its EPS drop 15% per year.

Simply Wall St -

Have Insiders Been Selling Sogn Sparebank (OB:SOGN) Shares This Year?

View our latest analysis for Sognrebank The Last 12 Months Of Insider Transactions At Sognrebank There wasn't any very large single transaction over the last year, but we can still observe some trading. … OB:SOGN Recent Insider Trading, August 8th 2019 Does Sognrebank Boast High Insider Ownership? … A high insider ownership often makes company leadership more mindful of shareholder interests.

Simply Wall St -

How Much Of Sogn Sparebank (OB:SOGN) Do Insiders Own?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Sognrebank is a smaller company with a market capitalization of øre64m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Sognrebank OB:SOGN Ownership Summary, July 18th 2019 What Does The Institutional Ownership Tell Us About Sognrebank? … We can see that Sognrebank does have institutional investors; and they hold 22% of the stock.

Simply Wall St -

Is It Too Late To Buy Sogn Sparebank (OB:SOGN) At Its June Price?

Sogn Sparebank (OB:SOGN) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of NOK102 is based on unrealistic expectations. … However, seeing as Sognrebank is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … This tells us that when we include its growth in our analysis Sognrebank's stock can be considered relatively cheap , based on its fundamentals.

Simply Wall St -

Does Sogn Sparebank's (OB:SOGN) Stock Price Account For Its Growth?

Sogn Sparebank (OB:SOGN) is considered a high-growth stock, but its last closing price of NOK102 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Sognrebank is poised for extremely high earnings growth in the near future. … But, since Sognrebank is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

Simply Wall St -

Here's What You Should Know About Sogn Sparebank's (OB:SOGN) 1.9% Dividend Yield

Could Sogn Sparebank (OB:SOGN) 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. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. Investors might not know much about Sognrebank's dividend prospects, even though it has been paying dividends for the last nine years and offers a 1.9% yield. A low yield is generally a turn-off, but if the prospects for earnings growth were strong, investors might be pleasantly surprised by the long-term results. 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. … The first recorded dividend for Sognrebank, in the last decade, was nine years ago. … Second, earnings per share have been in decline, and its dividend has been cut at least once in the past.

Simply Wall St -

If You Had Bought Sognrebank (OB:SOGN) Shares Five Years Ago You'd Have Made 102%

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Sognrebank's earnings per share are down 18% per year, despite strong share price performance over five years. … Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

Simply Wall St -

How Much Of Sogn Sparebank (OB:SOGN) Do Insiders Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … I generally like to see some degree of insider ownership, even if only a little. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

SOGN Company Info

Description

Indre Sogn Sparebank provides banking products and services in Norway. The company offers savings products; retirement and pension products; car, small, and corporate loans, as well as loans for lorries; and insurance products, such as children, auto, death fall, health, building, holiday home, income, critical health, disability, property, home, customer's, liability, personal, occupational, and other insurance products. It also provides mobile and online banking services; payment and billing services; bank cards; bank guarantees; leasing services; and overdrafts. The company was founded in 1971 and is based in Årdalstangen, Norway.

Details
Name: Sogn Sparebank
SOGN
Exchange: OB
Founded: 1971
NOK62,617,500
632,500
Website: http://indresognsparebank.no
Address: Sogn Sparebank
State Council Evensensveg 8,
Årdalstangen,
Sogn og Fjordane, 6885,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SOGN Primary Capital Certificates Oslo Bors NO NOK 21. Jan 1997
Number of employees
Current staff
Staff numbers
0
Sogn Sparebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:33
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.