0.00%
3.49%
8.02%
9.36%
23.96%
33.25%
111.28%
AI Spotlight on SVEG
Company Description
Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway.It operates through Corporate Market, Retail Market, Bulder Bank, Treasury, and Estate Agency Activities segments.The company is also involved in the estate agency and home mortgage activities.
As of December 31, 2020, it had 33 points of sale outlets.The company was founded in 1823 and is headquartered in Bergen, Norway.
Market Data
| Last Price | 145.78 |
| Change Percentage | 0.00% |
| Open | 144.5 |
| Previous Close | 145.78 |
| Market Cap ( Millions) | 15990 |
| Volume | 14983 |
| Year High | 148 |
| Year Low | 114 |
| M A 50 | 138.39 |
| M A 200 | 131.74 |
Financial Ratios
| FCF Yield | 31.94% |
| Dividend Yield | 5.14% |
| ROE | 12.30% |
| Debt / Equity | 726.34% |
| Net Debt / EBIDTA | 5909.51% |
| Price To Book | 0.7 |
| Price Earnings Ratio | 5.82 |
| Price To FCF | 3.13 |
| Price To sales | 0.97 |
| EV / EBITDA | 64.79 |
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Private Market
Expected Growth : 2.5 %
What the company do ?
Private Market from Sparebanken Vest is a exclusive investment platform offering tailored financial solutions to high net worth individuals and families in Norway.
Why we expect these perspectives ?
Sparebanken Vest's 2.5% growth in the private market is driven by increasing demand for digital banking services, a strong brand reputation, and strategic partnerships. Additionally, the bank's focus on customer-centricity, innovative product offerings, and efficient cost management contribute to its growth momentum.
Segment n°2 -> Corporate Market
Expected Growth : 2.8 %
What the company do ?
The Corporate Market segment of Sparebanken Vest provides financial services to large corporations and institutions in western Norway, offering customized solutions for their financial needs.
Why we expect these perspectives ?
Sparebanken Vest's Corporate Market segment growth of 2.8% is driven by increasing demand for cash management and trade finance services from large corporations, as well as growth in lending to the renewable energy sector. Additionally, the bank's strong relationships with local businesses and municipalities contribute to its market share expansion.
Segment n°3 -> Treasury
Expected Growth : 1.8 %
What the company do ?
The Treasury from Sparebanken Vest is a department responsible for managing the bank's financial risks, including foreign exchange, interest rates, and liquidity.
Why we expect these perspectives ?
Treasury from Sparebanken Vest's 1.8% growth is driven by a combination of factors, including a stable Norwegian economy, increasing demand for liquidity management services, and the bank's strong reputation in the region. Additionally, Sparebanken Vest's treasury division has been successful in attracting and retaining large corporate clients, contributing to the segment's growth.
Segment n°4 -> Real Estate Brokerage
Expected Growth : 3.2 %
What the company do ?
Real Estate Brokerage from Sparebanken Vest is a Norwegian real estate agency offering property sales, rentals, and advisory services to individuals and businesses.
Why we expect these perspectives ?
Sparebanken Vest's Real Estate Brokerage growth of 3.2% is driven by increasing demand for housing in Norway, fueled by low interest rates and government incentives. Additionally, the bank's strong brand reputation, extensive branch network, and digital platform enhancements have improved customer experience, attracting more clients and increasing market share.
Segment n°5 -> Buller
Expected Growth : 2.2 %
What the company do ?
Buller from Sparebanken Vest is a Norwegian savings program for children, teaching them to save and manage money wisely from an early age.
Why we expect these perspectives ?
Buller from Sparebanken Vest's 2.2% growth is driven by strong loan growth, fueled by Norway's robust economy and low interest rates. Additionally, the bank's solid asset quality, efficient cost management, and increasing digitalization efforts contribute to its growth momentum.
Sparebanken Vest Products
| Product Range | What is it ? |
|---|---|
| Personal Banking | Sparebanken Vest offers a range of personal banking services, including current and savings accounts, credit cards, loans, and mortgages. |
| Business Banking | Sparebanken Vest provides business banking services, including business loans, credit facilities, and cash management solutions. |
| Investment and Wealth Management | Sparebanken Vest offers investment and wealth management services, including portfolio management, investment advice, and pension planning. |
| Insurance | Sparebanken Vest provides a range of insurance products, including life insurance, non-life insurance, and pension insurance. |
| Real Estate Services | Sparebanken Vest offers real estate services, including property valuation, brokerage, and property management. |
| Digital Banking | Sparebanken Vest provides digital banking services, including online banking, mobile banking, and payment solutions. |
Sparebanken Vest's Porter Forces
Threat Of Substitutes
The threat of substitutes for Sparebanken Vest is moderate, as customers have alternative banking options available in the market.
Bargaining Power Of Customers
The bargaining power of customers for Sparebanken Vest is low, as the bank has a strong customer base and offers a range of financial services.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Sparebanken Vest is moderate, as the bank relies on a range of suppliers for its operations, but has some flexibility in its supply chain.
Threat Of New Entrants
The threat of new entrants for Sparebanken Vest is low, as the banking industry has high barriers to entry and requires significant capital investment.
Intensity Of Rivalry
The intensity of rivalry for Sparebanken Vest is high, as the banking industry is highly competitive and there are several established players in the market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 86.57% |
| Debt Cost | 7.85% |
| Equity Weight | 13.43% |
| Equity Cost | 7.85% |
| WACC | 7.85% |
| Leverage | 644.61% |
Sparebanken Vest : Quality Control
Sparebanken Vest passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TKBP.SW | Thurgauer Kantonalbank provides various banking products and services to private individuals, businesses, companies, and public sectors in Switzerland. It offers accounts, home and personal loans, mortgages, asset management, financial planning, … |
| IF.MI | Banca IFIS S.p.A. provides credit services and solutions for enterprises. It engages in the purchase/management of non-performing loan portfolios. It offers factoring, advisory and equity investment, structured finance, leasing, and … |
| SKJE.CO | Skjern Bank A/S provides various banking products and services to private and corporate customers in Denmark. The company offers saving accounts; home, car, priority, and mortgage loans, as well as … |
| ARBB.L | Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset … |
| SOON.OL | 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 … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Banca IFIS
A-Score
1-Year Total Return ->
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Skjern Bank
A-Score
1-Year Total Return ->
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SpareBank 1 Sørøst-Norge
A-Score
1-Year Total Return ->
4
Sparebanken Vest
A-Score
1-Year Total Return ->
5
Arbuthnot Banking
A-Score
1-Year Total Return ->
6
