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1. Company Snapshot

1.a. Company Description

SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway.It offers mobile and online banking, card, account, and payment services.In addition, the company provides mortgage, car, boat, consumer ,and other vehicle loans as well as refinancing, micro savings, investment, pension, and property related services.


Further, the company offers daily operations, get paid, loans and financing, and pension related products.Additionally , the company provides business and personnel insurance as well as savings and investment products.SpareBank 1 Sørøst-Norge was founded in 1859 and is based in Tønsberg, Norway.

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1.b. Last Insights on SOON

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.17%)

6. Segments

Hearing Instruments

Expected Growth: 1.2%

The 1.2% growth in Hearing Instruments from SpareBank 1 Sørøst-Norge is driven by an aging population, increasing awareness of hearing health, and advancements in hearing aid technology. Additionally, government initiatives to improve accessibility and affordability of hearing care services contribute to the growth. Furthermore, the bank's strategic expansion into new markets and partnerships with hearing care providers also support this growth.

Cochlear Implants

Expected Growth: 0.8%

Cochlear Implants from SpareBank 1 Sørøst-Norge's 0.8 growth driven by increasing demand for hearing restoration, advancements in implant technology, and expanding healthcare coverage. Additionally, growing awareness of hearing loss and its impact on quality of life contribute to the segment's growth.

7. Detailed Products

Personal Banking

SpareBank 1 Sørøst-Norge offers personal banking services, including current and savings accounts, credit cards, loans, and mortgages.

Business Banking

The bank provides business banking services, including business loans, credit facilities, and cash management solutions.

Investment and Wealth Management

SpareBank 1 Sørøst-Norge offers investment and wealth management services, including portfolio management, investment advice, and pension planning.

Insurance

The bank provides a range of insurance products, including life insurance, non-life insurance, and pension insurance.

Real Estate Services

SpareBank 1 Sørøst-Norge offers real estate services, including property valuation, brokerage, and property management.

Digital Banking

The bank provides digital banking services, including online banking, mobile banking, and payment solutions.

8. SpareBank 1 Sørøst-Norge's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for SpareBank 1 Sørøst-Norge is medium, as customers have some alternatives for banking services, but the bank's strong brand and customer loyalty mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers for SpareBank 1 Sørøst-Norge is low, as customers have limited negotiating power due to the bank's strong market position and limited alternatives.

Bargaining Power Of Suppliers

The bargaining power of suppliers for SpareBank 1 Sørøst-Norge is low, as the bank has a strong negotiating position due to its size and market presence.

Threat Of New Entrants

The threat of new entrants for SpareBank 1 Sørøst-Norge is low, as the banking industry has high barriers to entry, including regulatory requirements and capital requirements.

Intensity Of Rivalry

The intensity of rivalry for SpareBank 1 Sørøst-Norge is high, as the banking industry is highly competitive, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 63.97%
Debt Cost 6.18%
Equity Weight 36.03%
Equity Cost 6.18%
WACC 6.18%
Leverage 177.56%

11. Quality Control: SpareBank 1 Sørøst-Norge passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Lån & Spar Bank

A-Score: 7.4/10

Value: 8.0

Growth: 7.0

Quality: 7.7

Yield: 3.1

Momentum: 9.5

Volatility: 9.0

1-Year Total Return ->

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Stock-Card
Arbuthnot Banking

A-Score: 7.1/10

Value: 9.3

Growth: 9.0

Quality: 6.3

Yield: 8.1

Momentum: 4.0

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
Skjern Bank

A-Score: 6.8/10

Value: 7.8

Growth: 5.4

Quality: 8.1

Yield: 3.8

Momentum: 9.5

Volatility: 6.3

1-Year Total Return ->

View Full Report
Stock-Card
Danske Bank

A-Score: 6.3/10

Value: 6.1

Growth: 2.9

Quality: 7.7

Yield: 5.0

Momentum: 8.5

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
Thurgauer KB

A-Score: 5.9/10

Value: 5.0

Growth: 2.0

Quality: 5.5

Yield: 3.8

Momentum: 9.0

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
SpareBank 1 Sørøst-Norge

A-Score: 4.7/10

Value: 5.8

Growth: 4.3

Quality: 5.5

Yield: 5.0

Momentum: 4.0

Volatility: 3.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

68.01$

Current Price

68.01$

Potential

-0.00%

Expected Cash-Flows