MELHUS SPAREBANK(OSL:MELG) stock Fundamental Analysis

Fundamental Rating

We assign a fundamental rating of 3 out of 10 to MELG. MELG was compared to 95 industry peers in the Banks industry. MELG has a bad profitability rating. Also its financial health evaluation is rather negative. MELG has a valuation in line with the averages, but it does not seem to be growing. Finally MELG also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

MELG had positive earnings in the past year.

MELG had a positive operating cash flow in the past year.

In the past 5 years MELG has always been profitable.

In multiple years MELG reported negative operating cash flow during the last 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 0.41%, MELG is doing worse than 75.79% of the companies in the same industry.

The Return On Equity of MELG (2.91%) is worse than 82.11% of its industry peers.

		Industry Rank	Sector Rank
ROA	0.41%
ROE	2.91%
ROIC	N/A

ROA(3y)0.39%

ROA(5y)0.38%

ROE(3y)2.93%

ROE(5y)2.99%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

MELG has a Profit Margin of 13.10%. This is amonst the worse of the industry: MELG underperforms 80.00% of its industry peers.

In the last couple of years the Profit Margin of MELG has declined.

The Operating Margin and Gross Margin are not available for MELG so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	13.1%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-5.95%

PM growth 5Y-4.7%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

MELG does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, MELG has about the same amount of shares outstanding.

The number of shares outstanding for MELG has been reduced compared to 5 years ago.

MELG has a better debt/assets ratio than last year.

2.2 Solvency

The Debt to FCF ratio of MELG is 16.94, which is on the high side as it means it would take MELG, 16.94 years of fcf income to pay off all of its debts.

MELG has a Debt to FCF ratio of 16.94. This is in the better half of the industry: MELG outperforms 80.00% of its industry peers.

A Debt/Equity ratio of 1.45 is on the high side and indicates that MELG has dependencies on debt financing.

MELG has a better Debt to Equity ratio (1.45) than 68.42% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.45
Debt/FCF	16.94
Altman-Z	N/A

ROIC/WACCN/A

WACC5.53%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

MELG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.14%.

The Earnings Per Share has been growing slightly by 2.28% on average over the past years.

Looking at the last year, MELG shows a decrease in Revenue. The Revenue has decreased by -0.12% in the last year.

The Revenue has been growing by 8.85% on average over the past years. This is quite good.

EPS 1Y (TTM)-6.14%

EPS 3Y-2.01%

EPS 5Y2.28%

EPS Q2Q%100.88%

Revenue 1Y (TTM)-0.12%

Revenue growth 3Y12.33%

Revenue growth 5Y8.85%

Sales Q2Q%36.73%

3.2 Future

Based on estimates for the next years, MELG will show a small growth in Earnings Per Share. The EPS will grow by 0.33% on average per year.

The Revenue is expected to grow by 5.00% on average over the next years.

EPS Next Y-0.07%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

EPS Next 5YN/A

Revenue Next Year-2.93%

Revenue Next 2Y4.38%

Revenue Next 3Y5%

Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

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4. Valuation

4.1 Price/Earnings Ratio

MELG is valuated reasonably with a Price/Earnings ratio of 11.01.

75.79% of the companies in the same industry are cheaper than MELG, based on the Price/Earnings ratio.

MELG is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.

MELG is valuated reasonably with a Price/Forward Earnings ratio of 11.02.

Based on the Price/Forward Earnings ratio, MELG is valued a bit more expensive than the industry average as 70.53% of the companies are valued more cheaply.

MELG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.

		Industry Rank	Sector Rank
PE	11.01
Fwd PE	11.02

4.2 Price Multiples

MELG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MELG is cheaper than 86.32% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	3.49
EV/EBITDA	N/A

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)4.82

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.06%, MELG is a good candidate for dividend investing.

MELG's Dividend Yield is rather good when compared to the industry average which is at 5.47. MELG pays more dividend than 93.68% of the companies in the same industry.

Compared to an average S&P500 Dividend Yield of 2.51, MELG pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	8.06%

5.2 History

On average, the dividend of MELG grows each year by 8.45%, which is quite nice.

Dividend Growth(5Y)8.45%

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

76.24% of the earnings are spent on dividend by MELG. This is not a sustainable payout ratio.

MELG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.

DP76.24%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

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MELHUS SPAREBANK

OSL:MELG (4/25/2025, 7:00:00 PM)

168.2

-0.3 (-0.18%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)02-14 2025-02-14/bmo

Earnings (Next)05-15 2025-05-15

Inst Owners8.33%

Inst Owner ChangeN/A

Ins Owners18.8%

Ins Owner ChangeN/A

Market Cap467.60M

Analysts42.22

Price Target185.64 (10.37%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	8.06%

Yearly Dividend12.5

Dividend Growth(5Y)8.45%

DP76.24%

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)26.55%

Min EPS beat(2)10.55%

Max EPS beat(2)42.55%

EPS beat(4)3

Avg EPS beat(4)12.12%

Min EPS beat(4)-8.63%

Max EPS beat(4)42.55%

EPS beat(8)4

Avg EPS beat(8)-0.24%

EPS beat(12)5

Avg EPS beat(12)-1.86%

EPS beat(16)8

Avg EPS beat(16)1.13%

Revenue beat(2)2

Avg Revenue beat(2)3.36%

Min Revenue beat(2)3.08%

Max Revenue beat(2)3.63%

Revenue beat(4)3

Avg Revenue beat(4)4.32%

Min Revenue beat(4)-2.25%

Max Revenue beat(4)12.84%

Revenue beat(8)5

Avg Revenue beat(8)-5.88%

Revenue beat(12)9

Avg Revenue beat(12)-0.93%

Revenue beat(16)13

Avg Revenue beat(16)2.84%

PT rev (1m)0%

PT rev (3m)11.66%

EPS NQ rev (1m)0%

EPS NQ rev (3m)N/A

EPS NY rev (1m)-0.2%

EPS NY rev (3m)2.82%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)-6.23%

Valuation

		Industry Rank	Sector Rank
PE	11.01
Fwd PE	11.02
P/S	1.35
P/FCF	3.49
P/OCF	3.23
P/B	0.3
P/tB	0.3
EV/EBITDA	N/A

EPS(TTM)15.28

EY9.08%

EPS(NY)15.27

Fwd EY9.08%

FCF(TTM)48.15

FCFY28.63%

OCF(TTM)52

OCFY30.92%

SpS125.04

BVpS562.21

TBVpS560.78

PEG (NY)N/A

PEG (5Y)4.82

Profitability

		Industry Rank	Sector Rank
ROA	0.41%
ROE	2.91%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	13.1%
GM	N/A
FCFM	38.51%

ROA(3y)0.39%

ROA(5y)0.38%

ROE(3y)2.93%

ROE(5y)2.99%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-5.95%

PM growth 5Y-4.7%

GM growth 3YN/A

GM growth 5YN/A

F-Score5

Asset Turnover0.03

Health

		Industry Rank	Sector Rank
Debt/Equity	1.45
Debt/FCF	16.94
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	3.08%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	294.06%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score5

WACC5.53%

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)394.21%

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-6.14%

EPS 3Y-2.01%

EPS 5Y2.28%

EPS Q2Q%100.88%

EPS Next Y-0.07%

EPS Next 2Y-0.77%

EPS Next 3Y0.33%

EPS Next 5YN/A

Revenue 1Y (TTM)-0.12%

Revenue growth 3Y12.33%

Revenue growth 5Y8.85%

Sales Q2Q%36.73%

Revenue Next Year-2.93%

Revenue Next 2Y4.38%

Revenue Next 3Y5%

Revenue Next 5YN/A

EBIT growth 1YN/A

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-45.04%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-40.65%

OCF growth 3YN/A

OCF growth 5YN/A

MELHUS SPAREBANK (MELG.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens