-0.49%
9.50%
11.77%
18.68%
24.15%
18.33%
64.36%
AI Spotlight on SRBNK
Company Description
SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Southern and Western Norway.The company offers its products and services in the areas of savings, loans, advice, insurance, and pensions.It also provides foreign exchange, administrative securities, commercial properties, leasing, accounting, estate agency, payroll/HR, and securities trading services, as well as management and securities management services.
In addition, the company facilitates debt and equity funding; and sells real estate properties comprising holiday homes, new builds, and used homes.Further, it is involved in the customer trading of interest rate instruments; and purchasing of home mortgages.Additionally, the company offers green loan; credit and debit cards; consulting; and mobile and online banking services.
The company also serves retail and corporate, small business, and agricultural customers, as well as the public sector.As of December 31, 2021, it had 34 branches in the counties of Rogaland, Vestland, Agder, and Oslo.SpareBank 1 SR-Bank ASA was founded in 1839 and is headquartered in Stavanger, Norway.
Market Data
| Last Price | 161.4 |
| Change Percentage | -0.49% |
| Open | 162.2 |
| Previous Close | 162.2 |
| Market Cap ( Millions) | 60573 |
| Volume | 184907 |
| Year High | 162.2 |
| Year Low | 124.5 |
| M A 50 | 147.9 |
| M A 200 | 138.52 |
Financial Ratios
| FCF Yield | 5.96% |
| Dividend Yield | 4.65% |
| ROE | 15.68% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | 0.00% |
| Price To Book | 1.18 |
| Price Earnings Ratio | 8.04 |
| Price To FCF | 16.78 |
| Price To sales | 4.71 |
| EV / EBITDA | 0 |
News
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Retail Market
Expected Growth : 4.5 %
What the company do ?
The Retail Market from SpareBank 1 SR-Bank ASA offers a range of financial products and services to individual customers, including loans, savings, and investment products.
Why we expect these perspectives ?
Strong demand for consumer loans and credit cards, driven by Norway's low unemployment and rising disposable income, contributes to the 4.5% growth in Retail Market for SpareBank 1 SR-Bank ASA. Additionally, the bank's digital transformation and expansion of online services have increased customer acquisition and retention, further fueling growth.
Segment n°2 -> Corporate Market
Expected Growth : 5.2 %
What the company do ?
The Corporate Market segment of SpareBank 1 SR-Bank ASA provides financial services and tailored solutions to large corporations and institutions in Norway.
Why we expect these perspectives ?
SpareBank 1 SR-Bank ASA's 5.2% corporate market growth is driven by increasing demand for digital banking services, strategic partnerships, and expansion into new markets. Additionally, the bank's focus on customer experience, cost efficiency, and risk management has contributed to its growth. Furthermore, the Norwegian economy's stability and growth have also positively impacted the bank's corporate market segment.
Segment n°3 -> Other
Expected Growth : 3.8 %
What the company do ?
The 'Other' segment in SpareBank 1 SR-Bank ASA refers to non-interest income, including fees, commissions, and other operating income.
Why we expect these perspectives ?
SpareBank 1 SR-Bank ASA's 3.8% growth is driven by strong lending growth, particularly in the mortgage segment, supported by Norway's robust housing market. Additionally, the bank's focus on digitalization and cost efficiency measures have improved operational efficiency, contributing to the growth. Furthermore, the bank's diversified revenue streams and solid asset quality have also contributed to its growth momentum.
Segment n°4 -> Small and Medium Enterprises & Agriculture
Expected Growth : 4.8 %
What the company do ?
Small and Medium Enterprises & Agriculture from SpareBank 1 SR-Bank ASA provides financial solutions to small and medium-sized businesses and agricultural entities in Norway.
Why we expect these perspectives ?
SpareBank 1 SR-Bank ASA's 4.8% growth in Small and Medium Enterprises (SMEs) and Agriculture segments is driven by increased lending to SMEs, growth in agricultural production, and government initiatives supporting rural development. Additionally, the bank's digitalization efforts and tailored financial solutions for these segments have contributed to the growth.
Segment n°5 -> Eliminations
Expected Growth : 0.0 %
What the company do ?
Eliminations from SpareBank 1 SR-Bank ASA refer to the removal of internal transactions and balances between the bank and its subsidiaries to present a consolidated financial statement.
Why we expect these perspectives ?
With 0.0% growth, Eliminations from SpareBank 1 SR-Bank ASA is stagnant. Key drivers include lack of innovation, intense competition, and inefficient cost structure. Additionally, the bank's conservative risk appetite and limited investment in digital transformation may be hindering growth. Furthermore, the Norwegian banking industry's maturity and saturated market may also be contributing to the stagnant growth.
Sparebank 1 Sr-Bank Asa Products
| Product Range | What is it ? |
|---|---|
| Personal Banking | SpareBank 1 SR-Bank ASA offers a range of personal banking services, including current and savings accounts, credit cards, personal loans, and mortgages. |
| Business Banking | The bank provides business banking services, including business accounts, loans, and credit facilities, to support the growth and development of businesses. |
| Investment and Wealth Management | SpareBank 1 SR-Bank ASA 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 Financing | SpareBank 1 SR-Bank ASA offers real estate financing solutions, including mortgages and construction loans, for individuals and businesses. |
| Corporate Banking | The bank provides corporate banking services, including cash management, trade finance, and risk management solutions, to large corporations and institutions. |
SpareBank 1 SR-Bank ASA's Porter Forces
Threat Of Substitutes
The threat of substitutes for SpareBank 1 SR-Bank ASA 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 is low, as SpareBank 1 SR-Bank ASA has a strong market position and customers have limited negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low, as SpareBank 1 SR-Bank ASA has a strong negotiating position and can choose from a range of suppliers.
Threat Of New Entrants
The threat of new entrants is low, as the banking industry has high barriers to entry and SpareBank 1 SR-Bank ASA has a strong market position.
Intensity Of Rivalry
The intensity of rivalry is high, as SpareBank 1 SR-Bank ASA operates in a competitive market with several strong competitors, and the bank must continually innovate and improve its services to maintain its market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 84.76% |
| Debt Cost | 9.02% |
| Equity Weight | 15.24% |
| Equity Cost | 9.02% |
| WACC | 9.02% |
| Leverage | 556.19% |
SpareBank 1 SR-Bank ASA : Quality Control
SpareBank 1 SR-Bank ASA passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PKO.WA | Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna provides banking services in Poland, Ukraine, Sweden, the Czech Republic, Ireland, and Germany. Its Retail segment offers current and savings accounts, term deposits, … |
| ING.WA | ING Bank Slaski S.A., together with its subsidiaries, provides various banking products and services in Poland. The company operates in two segments, Retail Banking and Corporate Banking. The Retail Banking … |
| RBI.VI | Raiffeisen Bank International AG, together with its subsidiaries, engages in the provision of corporate, retail, and investment banking services. The company offers cross border accounts, cash management, electronic banking, payments … |
| SPL.WA | Santander Bank Polska S.A., together with its subsidiaries, provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions. It offers personal account, … |
| BHW.WA | Bank Handlowy w Warszawie S.A. provides a range of banking services for individual and corporate clients in Poland and internationally. The company operates through two segments, Institutional Bank and Consumer … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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SpareBank 1 SR-Bank
A-Score
1-Year Total Return ->
🥈
Bank Handlowy
A-Score
1-Year Total Return ->
🥉
PKO Bank Polski
A-Score
1-Year Total Return ->
4
Santander Bank Polska
A-Score
1-Year Total Return ->
5
Raiffeisen Bank International
A-Score
1-Year Total Return ->
6
