MORROW BANK ASA (MOBA.OL) Stock Fundamental Analysis
OSL:MOBA - Euronext Oslo - NO0010694029 - Common Stock - Currency: NOK
We assign a fundamental rating of 4 out of 10 to MOBA. MOBA was compared to 95 industry peers in the Banks industry. MOBA may be in some trouble as it scores bad on both profitability and health. MOBA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year MOBA was profitable.
In the past year MOBA had a positive cash flow from operations.
In multiple years MOBA reported negative net income over the last 5 years.
Of the past 5 years MOBA 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.02%, MOBA is in the better half of the industry, outperforming 71.58% of the companies in the same industry.
The Return On Equity of MOBA (7.67%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.02% | ||
| ROE | 7.67% | ||
| ROIC | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of MOBA (14.80%) is worse than 72.63% of its industry peers.
MOBA's Profit Margin has been stable in the last couple of years.
MOBA does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 14.8% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y-1.25%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MOBA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 5 years ago, MOBA has more shares outstanding
2.2 Solvency
MOBA has a debt to FCF ratio of 0.61. This is a very positive value and a sign of high solvency as it would only need 0.61 years to pay back of all of its debts.
The Debt to FCF ratio of MOBA (0.61) is better than 100.00% of its industry peers.
MOBA has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.11, MOBA belongs to the top of the industry, outperforming 90.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.61 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.4%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MOBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.53%, which is quite impressive.
The Earnings Per Share has been decreasing by -5.00% on average over the past years.
MOBA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.12%.
MOBA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.13% yearly.
EPS 1Y (TTM)34.53%
EPS 3YN/A
EPS 5Y-5%
EPS Q2Q%84.62%
Revenue 1Y (TTM)18.12%
Revenue growth 3Y11%
Revenue growth 5Y-0.13%
Sales Q2Q%23.87%
3.2 Future
The Earnings Per Share is expected to grow by 24.46% on average over the next years. This is a very strong growth
Based on estimates for the next years, MOBA will show a quite strong growth in Revenue. The Revenue will grow by 8.86% on average per year.
EPS Next Y53%
EPS Next 2Y35.91%
EPS Next 3Y24.46%
EPS Next 5YN/A
Revenue Next Year14.47%
Revenue Next 2Y10.79%
Revenue Next 3Y8.86%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.68, the valuation of MOBA can be described as correct.
Based on the Price/Earnings ratio, MOBA is valued more expensive than 85.26% of the companies in the same industry.
MOBA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.79.
With a Price/Forward Earnings ratio of 8.29, the valuation of MOBA can be described as very reasonable.
66.32% of the companies in the same industry are more expensive than MOBA, based on the Price/Forward Earnings ratio.
MOBA is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.68 | ||
| Fwd PE | 8.29 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MOBA indicates a somewhat cheap valuation: MOBA is cheaper than 78.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.52 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MOBA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MOBA's earnings are expected to grow with 24.46% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y35.91%
EPS Next 3Y24.46%
5. Dividend
5.1 Amount
MOBA has a Yearly Dividend Yield of 3.88%.
Compared to an average industry Dividend Yield of 5.50, MOBA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.47, MOBA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y35.91%
EPS Next 3Y24.46%
OSL:MOBA (4/25/2025, 7:00:00 PM)
10.4
+0.1 (+0.97%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners7.58%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap2.40B
Analysts82.5
Price Target11.63 (11.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.31%
Min EPS beat(2)-14.44%
Max EPS beat(2)47.06%
EPS beat(4)3
Avg EPS beat(4)18.61%
Min EPS beat(4)-14.44%
Max EPS beat(4)47.06%
EPS beat(8)7
Avg EPS beat(8)27.94%
EPS beat(12)7
Avg EPS beat(12)-14.34%
EPS beat(16)7
Avg EPS beat(16)-36.55%
Revenue beat(2)1
Avg Revenue beat(2)2.63%
Min Revenue beat(2)-2.95%
Max Revenue beat(2)8.21%
Revenue beat(4)3
Avg Revenue beat(4)3.38%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)8.21%
Revenue beat(8)6
Avg Revenue beat(8)3.35%
Revenue beat(12)8
Avg Revenue beat(12)2.34%
Revenue beat(16)9
Avg Revenue beat(16)2.5%
PT rev (1m)0%
PT rev (3m)-32.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.54%
EPS NY rev (1m)0%
EPS NY rev (3m)11.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.68 | ||
| Fwd PE | 8.29 | ||
| P/S | 1.88 | ||
| P/FCF | 5.52 | ||
| P/OCF | 5.04 | ||
| P/B | 0.97 | ||
| P/tB | 1 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.82
EY7.88%
EPS(NY)1.25
Fwd EY12.06%
FCF(TTM)1.89
FCFY18.13%
OCF(TTM)2.06
OCFY19.85%
SpS5.54
BVpS10.69
TBVpS10.4
PEG (NY)0.24
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.02% | ||
| ROE | 7.67% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 14.8% | ||
| GM | N/A | ||
| FCFM | 34.03% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3YN/A
PM growth 5Y-1.25%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.61 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 93.86% | ||
| Cap/Sales | 3.23% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 230.01% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-ScoreN/A
WACC8.4%
ROIC/WACCN/A
Cap/Depr(3y)94.9%
Cap/Depr(5y)97.75%
Cap/Sales(3y)5.08%
Cap/Sales(5y)6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.53%
EPS 3YN/A
EPS 5Y-5%
EPS Q2Q%84.62%
EPS Next Y53%
EPS Next 2Y35.91%
EPS Next 3Y24.46%
EPS Next 5YN/A
Revenue 1Y (TTM)18.12%
Revenue growth 3Y11%
Revenue growth 5Y-0.13%
Sales Q2Q%23.87%
Revenue Next Year14.47%
Revenue Next 2Y10.79%
Revenue Next 3Y8.86%
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 1Y3.4%
FCF growth 3Y16.62%
FCF growth 5YN/A
OCF growth 1Y-0.1%
OCF growth 3Y11.16%
OCF growth 5YN/A