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Sunndal Sparebank

OB:SUNSB-ME
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUNSB-ME
OB
NOK147M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Sunndal Sparebank, a savings bank, provides banking products and services for private and corporate customers in Norway. The last earnings update was 38 days ago. More info.


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SUNSB-ME Share Price and Events
7 Day Returns
-4.4%
OB:SUNSB-ME
-7.3%
Europe Mortgage
8.2%
NO Market
1 Year Returns
0.9%
OB:SUNSB-ME
-31.1%
Europe Mortgage
-24.7%
NO Market
SUNSB-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sunndal Sparebank (SUNSB-ME) -4.4% -2.7% -5.3% 0.9% - -
Europe Mortgage -7.3% -29.9% -37.7% -31.1% -33.3% -27.8%
NO Market 8.2% -14.5% -24.9% -24.7% -10.7% -11%
1 Year Return vs Industry and Market
  • SUNSB-ME outperformed the Mortgage industry which returned -31.1% over the past year.
  • SUNSB-ME outperformed the Market in Norway which returned -24.7% over the past year.
Price Volatility
SUNSB-ME
Industry
5yr Volatility vs Market

SUNSB-ME Value

 Is Sunndal 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 Sunndal 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 Sunndal Sparebank.

OB:SUNSB-ME Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK603.89 * 7.1%
NOK42.88
Book Value of Equity per Share Median Book Value from the past 5 years. NOK603.89
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 0.7%

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:SUNSB-ME
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.613 (1 + (1- 23%) (607.41%))
2.661
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.65% + (2 * 5.44%)
11.53%

Discounted Cash Flow Calculation for OB:SUNSB-ME using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sunndal 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:SUNSB-ME Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 11.53%) * NOK603.89)
NOK-26.75
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-26.75 / (11.53% - 0.65%)
NOK-245.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK603.89 + NOK-245.83
NOK358.06
OB:SUNSB-ME Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK358.06
Current discount Discount to share price of NOK108.00
= -1 x (NOK108.00 - NOK358.06) / NOK358.06
69.8%

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

Current Discount
Amount off the current price Sunndal Sparebank is available for.
Intrinsic value
>50%
Share price is NOK108 vs Future cash flow value of NOK358.06
Current Discount Checks
For Sunndal Sparebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sunndal Sparebank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sunndal Sparebank's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sunndal Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunndal Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:SUNSB-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK7.72
OB:SUNSB-ME Share Price ** OB (2020-04-03) in NOK NOK108
Europe Mortgage Industry PE Ratio Median Figure of 15 Publicly-Listed Mortgage Companies 5.89x
Norway Market PE Ratio Median Figure of 147 Publicly-Listed Companies 10.17x

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

** Primary Listing of Sunndal Sparebank.

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

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

= 108 ÷ 7.72

13.99x

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

  • Sunndal Sparebank is overvalued based on earnings compared to the Europe Mortgage industry average.
  • Sunndal Sparebank is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Sunndal Sparebank's expected growth come at a high price?
Raw Data
OB:SUNSB-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Mortgage Industry PEG Ratio Median Figure of 7 Publicly-Listed Mortgage Companies 0.98x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sunndal Sparebank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sunndal Sparebank's assets?
Raw Data
OB:SUNSB-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK406.63
OB:SUNSB-ME Share Price * OB (2020-04-03) in NOK NOK108
Europe Mortgage Industry PB Ratio Median Figure of 17 Publicly-Listed Mortgage Companies 0.46x
Norway Market PB Ratio Median Figure of 249 Publicly-Listed Companies 0.73x
OB:SUNSB-ME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 108 ÷ 406.63

0.27x

* Primary Listing of Sunndal Sparebank.

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

  • Sunndal Sparebank is good value based on assets compared to the Europe Mortgage industry average.
X
Value checks
We assess Sunndal 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 Mortgage 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 Mortgage industry average (and greater than 0)? (1 check)
  5. Sunndal Sparebank 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.

SUNSB-ME Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sunndal Sparebank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.4%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunndal Sparebank expected to grow at an attractive rate?
  • Unable to compare Sunndal Sparebank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sunndal Sparebank's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Sunndal Sparebank's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:SUNSB-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 8.4%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 20.5%
Norway Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*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:SUNSB-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:SUNSB-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 98 38
2019-09-30 93 13
2019-06-30 90 12
2019-03-31 86 9
2018-12-31 82 225 7
2018-09-30 86 13
2018-06-30 81 9
2018-03-31 80 7
2017-12-31 79 -255 6
2017-09-30 72 2
2017-06-30 72 -1
2017-03-31 71 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sunndal Sparebank is high growth as no earnings estimate data is available.
  • Unable to determine if Sunndal Sparebank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:SUNSB-ME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sunndal Sparebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SUNSB-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31
2019-09-30
2019-06-30
2019-03-31
2018-12-31 7.72
2018-09-30
2018-06-30
2018-03-31
2017-12-31 4.71
2017-09-30 4.66
2017-06-30 -1.12
2017-03-31 -7.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sunndal Sparebank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Sunndal Sparebank is trading at Sunndal Sparebank'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Sunndal Sparebank's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Sunndal Sparebank's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sunndal 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Sunndal Sparebank 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.

SUNSB-ME Past Performance

  How has Sunndal 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 Sunndal Sparebank's growth in the last year to its industry (Mortgage).
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.
  • Sunndal Sparebank has delivered over 20% year on year earnings growth in the past 5 years.
  • Sunndal Sparebank's 1-year earnings growth exceeds its 5-year average (458.7% vs 49.7%)
  • Sunndal Sparebank's earnings growth has exceeded the Europe Mortgage industry average in the past year (458.7% vs 2%).
Earnings and Revenue History
Sunndal 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 Sunndal Sparebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:SUNSB-ME Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 98.08 38.10 38.11
2019-09-30 92.57 12.75 38.09
2019-06-30 90.23 11.89 37.10
2019-03-31 86.36 9.43 36.51
2018-12-31 82.14 6.82 35.83
2018-09-30 86.15 13.01 35.73
2018-06-30 81.02 8.66 36.13
2018-03-31 79.53 7.13 35.94
2017-12-31 78.82 6.34 35.25
2017-09-30 71.56 2.20 34.40
2017-06-30 72.07 -0.53 32.18
2017-03-31 70.61 -3.57 30.96
2016-12-31 66.38 3.60 29.30
2015-12-31 55.50 3.14 22.91
2014-12-31 61.78 3.96 25.49
2013-12-31 52.88 17.30 23.10

*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.
  • Sunndal Sparebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sunndal Sparebank used its assets more efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Sunndal 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 Sunndal 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 Mortgage 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.
Sunndal Sparebank has a total score of 4/6, see the detailed checks below.

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

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

SUNSB-ME Health

 How is Sunndal 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 Sunndal 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 Sunndal Sparebank Company Filings, last reported 3 months ago.

OB:SUNSB-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 446.56 890.29 69.33
2019-09-30 451.18 910.11 70.59
2019-06-30 442.05 806.18 71.75
2019-03-31 385.07 676.00 71.28
2018-12-31 377.59 750.94 393.89
2018-09-30 382.75 750.86 68.06
2018-06-30 374.51 750.90 71.09
2018-03-31 363.59 750.87 69.37
2017-12-31 358.72 860.86 231.47
2017-09-30 317.22 861.38 69.77
2017-06-30 313.80 811.39 63.69
2017-03-31 304.26 661.12 64.00
2016-12-31 299.63 511.25 163.19
2015-12-31 282.99 446.68 83.38
2014-12-31 271.79 405.32 182.37
2013-12-31 255.54 321.31 307.33
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.
  • Sunndal Sparebank has an acceptable proportion of non-loan assets held.
  • Sunndal Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Sunndal Sparebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Sunndal 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 Sunndal Sparebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Sunndal Sparebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Sunndal 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. Sunndal Sparebank has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

SUNSB-ME Dividends

 What is Sunndal 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
6.94%
Current annual income from Sunndal Sparebank dividends.
If you bought NOK2,000 of Sunndal Sparebank shares you are expected to receive NOK139 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?
  • Sunndal Sparebank's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (3.72%).
  • Sunndal Sparebank's dividend is below the markets top 25% of dividend payers in Norway (8.08%).
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:SUNSB-ME Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 8.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 106 Stocks 6.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 2%
Norway Bottom 25% Dividend Yield 25th Percentile 3.7%
Norway Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

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

OB:SUNSB-ME Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-21 7.500 6.712

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

  • It is too early to tell whether Sunndal Sparebank has stable dividend payments.
  • Sunndal Sparebank only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Sunndal Sparebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sunndal Sparebank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - 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 Sunndal Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunndal Sparebank has a total score of 1/6, see the detailed checks below.


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

SUNSB-ME Management

 What is the CEO of Sunndal 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
Jonny Engdahl
CEO Bio

Jonny Engdahl serves as a Chief Executive Officer at Sunndal Sparebank.

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

Jonny Engdahl

TITLE
Chief Executive Officer
Board of Directors Tenure

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

2.1
Average Tenure
  • The average tenure for the Sunndal Sparebank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bjørn Steinland

TITLE
Chairman of the Board
TENURE
2.1 yrs

Iidri Solbakk

TITLE
Vice Chairman of the Board

Bjørg Aa

TITLE
Employee Representative Director

Vidar Sæter

TITLE
Director

Ola Ulvund

TITLE
Director

Laila Sødahl

TITLE
Observer
TENURE
2.3 yrs

Kari Jenstad

TITLE
Director

Lisbeth Thorsø

TITLE
Deputy Member
TENURE
2.1 yrs

Viggo Hanssen

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

SUNSB-ME News

Simply Wall St News

Do Insiders Own Shares In Sunndal Sparebank (OB:SUNSB-ME)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Sunndalrebank is a smaller company with a market capitalization of kr147m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Sunndalrebank OB:SUNSB-ME Ownership Summary, August 7th 2019 What Does The Institutional Ownership Tell Us About Sunndalrebank? … General Public Ownership The general public, who are mostly retail investors, collectively hold 64% of Sunndalrebank shares.

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Sunndalrebank (OB:SUNSB-ME) Shareholders Received A Total Return Of -4.7% In The Last Year

Even though the Sunndalrebank share price is down over the year, its EPS actually improved. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … As it happens, Sunndalrebank's TSR for the last year was -4.7%, which exceeds the share price return mentioned earlier.

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What Kind Of Shareholder Appears On The Sunndal Sparebank's (OB:SUNSB-ME) Shareholder Register?

Generally speaking, as a company grows, institutions will increase their ownership. … Sunndalrebank is a smaller company with a market capitalization of øre100m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

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With An ROE Of 6.90%, Has Sunndal Sparebank's (OB:SUNSB-ME) Management Done Well?

and want to better understand how you can grow your money by investing in Sunndal Sparebank (OB:SUNSB-ME). … Sunndal Sparebank (OB:SUNSB-ME) performed in line with its thrifts and mortgage finance industry on the basis of its ROE – producing a return of 6.90% relative to the peer average of 6.95% over the past 12 months. … But what is more interesting is whether SUNSB-ME can sustain or improve on this level of return.

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Why Surnadal Sparebank AS's (OB:SUNSB-ME) ROE Of 8.81% Does Not Tell The Whole Story

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Surnadal Sparebank AS (OB:SUNSB-ME). … Surnadal Sparebank AS (OB:SUNSB-ME) performed in line with its regional banks industry on the basis of its ROE – producing a return of 8.81% relative to the peer average of 9.57% over the past 12 months.

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Has Surnadal Sparebank AS (OB:SUNSB-ME) Improved Earnings Growth In Recent Times?

See our latest analysis for Surnadalrebank How Well Did SUNSB-ME Perform? … To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Given that these figures may be relatively short-term, I’ve estimated an annualized five-year value for Surnadalrebank's net income, which stands at ØRE39.71M This shows that, on average, Surnadalrebank has been able to steadily raise its profits over the last few years as well.

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What You Must Know About Surnadal Sparebank AS's (OB:SUNSB-ME) Return on Equity

ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:SUNSB-ME Last Perf May 11th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management. … Its appropriate level of leverage means investors can be more confident in the sustainability of Surnadalrebank’s return with a possible increase should the company decide to increase its debt levels.

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SUNSB-ME Company Info

Description

Sunndal Sparebank, a savings bank, provides banking products and services for private and corporate customers in Norway. It offers payment and card solutions, such as BankID on mobile, bank cards, credit, mobile and online banking, international payments, Visa cards, and VIPPS; auto, building, holiday home, property, income, UNG, health, children, death fall, critical illness, disability, and other insurance, as well as health policies; car loans, mortgages, loans to other vehicles, and loans and refinancing; and savings and pensions, including share savings accounts, bank savings, BSU, fund savings, IPS, retirement savings, deposits pension, and VPS investor services to private customers. The company provides payment and card solutions, such as bank cards, payment terminals, eGiro/OCR, billing, credit, Web and mobile banking, and other payment services; financing solutions, including bank guarantees, construction loans, overdrafts, leasing, and corporate loans; liability, customer's, cyber, farmhouse agriculture, operating equipment and crop, property, health, landlord, home, craft, car, commercial, personal, travel, goods during transport, and occupational injuries insurance; savings and pensions; and other accounts and services to businesses in construction, property, trade and services, and agriculture industries. The company was founded in 1892 and is based in Sunndalsøra, Norway.

Details
Name: Sunndal Sparebank
SUNSB-ME
Exchange: OB
Founded: 1892
NOK146,571,336
1,357,142
Website: http://sunndal-sparebank.no
Address: Sunndal Sparebank
Sunndalsveien 15,
Sunndalsøra,
Møre og Romsdal, 6600,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SUNSB-ME Equity Certificates Oslo Bors NO NOK 15. Mar 2018
Number of employees
Current staff
Staff numbers
0
Sunndal Sparebank employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 04:21
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.