-1.78%
5.91%
8.59%
27.71%
39.66%
22.72%
81.93%
AI Spotlight on SOR
Company Description
Sparebanken Sør operates as an independent financial institution in Norway.It operates through two segments, Retail Market and Corporate Market.The company is involved in banking, securities trading, and real estate brokerage activities in Agder, Rogaland, Vestfold, and Telemark.
It also provides leasing, mortgage, and property management services; and sells general insurance, occupational pension, and group life insurance products.It conducts banking operations in 35 locations and real estate services in 18 locations.The company was founded in 1824 and is headquartered in Kristiansand, Norway.
Sparebanken Sør operates as a subsidiary of Sparebankstiftelsen Sparebanken Sør.
Market Data
| Last Price | 207.4 |
| Change Percentage | -1.78% |
| Open | 210.5 |
| Previous Close | 211.15 |
| Market Cap ( Millions) | 8645 |
| Volume | 39682 |
| Year High | 214.65 |
| Year Low | 138.5 |
| M A 50 | 194.71 |
| M A 200 | 171.53 |
Financial Ratios
| FCF Yield | 19.35% |
| Dividend Yield | 4.82% |
| ROE | 4.88% |
| Debt / Equity | 493.59% |
| Net Debt / EBIDTA | 13085.57% |
| Price To Book | 0.54 |
| Price Earnings Ratio | 11.32 |
| Price To FCF | 5.17 |
| Price To sales | 0.85 |
| EV / EBITDA | 145.19 |
News
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> People Market
Expected Growth : 3 %
What the company do ?
People Market from Sparebanken Sør is a digital platform offering personalized financial services and advice to individuals and households in Norway.
Why we expect these perspectives ?
The 3% growth in People Market from Sparebanken Sør is driven by increasing demand for digital banking services, a growing customer base in the 18-35 age group, and strategic partnerships with fintech companies. Additionally, the bank's focus on customer experience, user-friendly mobile banking apps, and competitive interest rates have contributed to this growth.
Segment n°2 -> Business Market
Expected Growth : 2 %
What the company do ?
Business Market from Sparebanken Sør refers to the segment of corporate customers, including small and medium-sized enterprises, and large corporations, offering tailored financial solutions and services.
Why we expect these perspectives ?
Sparebanken Sør's 2% business market growth is driven by increasing demand for digital banking services, a strong presence in the Norwegian market, and a growing customer base. Additionally, the bank's focus on SME lending and mortgage financing contributes to its growth. Furthermore, strategic partnerships and investments in fintech companies also support its expansion.
Segment n°3 -> Undistributed and Elimination
Expected Growth : 1 %
What the company do ?
Undistributed and Elimination from Sparebanken Sør refers to the accounting process of eliminating inter-company transactions and distributing profits/losses among group companies.
Why we expect these perspectives ?
Sparebanken Sør's undistributed and elimination segment growth is driven by increasing lending activities, improved asset quality, and effective cost management. The bank's strong deposit growth, fueled by its digitalization efforts and competitive pricing, has enabled it to maintain a low cost of funding. Additionally, its focus on SME and retail lending has contributed to the segment's growth.
Segment n°4 -> Real Estate
Expected Growth : 4 %
What the company do ?
Real Estate from Sparebanken Sør offers mortgage and property-related financial services to individuals and businesses in Norway.
Why we expect these perspectives ?
Sparebanken Sør's Real Estate segment growth is driven by Norway's strong economy, low unemployment, and increasing housing demand. Government incentives for first-time homebuyers and low interest rates also contribute to the growth. Additionally, the bank's strong brand and extensive branch network enable it to capitalize on the growing demand for mortgages and other real estate-related services.
Sparebanken Sør Products
| Product Range | What is it ? |
|---|---|
| Personal Banking | Sparebanken Sør offers a range of personal banking services, including current and savings accounts, credit cards, loans, and mortgages. |
| Business Banking | Sparebanken Sør provides business banking services, including business loans, credit facilities, and cash management solutions. |
| Investment and Wealth Management | Sparebanken Sør offers investment and wealth management services, including portfolio management, investment advice, and pension planning. |
| Insurance | Sparebanken Sør provides a range of insurance products, including life insurance, non-life insurance, and pension insurance. |
| Real Estate and Mortgage | Sparebanken Sør offers mortgage financing and real estate services, including property valuation and brokerage. |
| Digital Banking | Sparebanken Sør provides digital banking services, including online banking, mobile banking, and payment solutions. |
Sparebanken Sør's Porter Forces
Threat Of Substitutes
The threat of substitutes is moderate for Sparebanken Sør, as customers have alternative banking options available in the market.
Bargaining Power Of Customers
The bargaining power of customers is low for Sparebanken Sør, as customers have limited negotiating power in the banking industry.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate for Sparebanken Sør, as the bank relies on a few large suppliers for its operations.
Threat Of New Entrants
The threat of new entrants is low for Sparebanken Sør, as there are significant barriers to entry in the banking industry.
Intensity Of Rivalry
The intensity of rivalry is high for Sparebanken Sør, as the banking industry is highly competitive with many established players.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 83.94% |
| Debt Cost | 5.79% |
| Equity Weight | 16.06% |
| Equity Cost | 6.67% |
| WACC | 5.93% |
| Leverage | 522.84% |
Sparebanken Sør : Quality Control
Sparebanken Sør passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MING.OL | SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. The company offers mortgage, … |
| NONG.OL | SpareBank 1 Nord-Norge provides banking services to personal and corporate customers in Northern Norway. It operates through Retail Market, Corporate Market, Leasing, and Markets segments. The company offers various savings, … |
| DAB.CO | Danske Andelskassers Bank A/S provides various banking products and services to private, small and medium-sized business, and institutional customers in Denmark. The company offers payment accounts; loans and credit products, … |
| SPKSJF.CO | Sparekassen Sjælland-Fyn A/S, a savings bank, provides financial products and services to private and corporate customers. The company offers deposits and lending services, overdrafts, savings products, mortgage, car and housing … |
| LASP.CO | Lån & Spar Bank A/S provides various banking products and services in Denmark. The company offers deposits; car and housing loans, business loans, and mortgages; and cards. It also provides … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
SpareBank 1 SMN
A-Score
1-Year Total Return ->
🥈
Sparekassen Sjælland-Fyn
A-Score
1-Year Total Return ->
🥉
SpareBank 1 Nord-Norge
A-Score
1-Year Total Return ->
4
Danske Bank
A-Score
1-Year Total Return ->
5
Sparebanken Sør
A-Score
1-Year Total Return ->
6
