VEKSELBANKEN (VVL.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:VVL • NO0003025009

394 NOK
+2 (+0.51%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VVL. VVL was compared to 111 industry peers in the Banks industry. VVL has a medium profitability rating, but doesn't score so well on its financial health evaluation. VVL has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • VVL had positive earnings in the past year.
  • In the past year VVL had a positive cash flow from operations.
  • VVL had positive earnings in each of the past 5 years.
  • VVL had a positive operating cash flow in 4 of the past 5 years.
VVL.OL Yearly Net Income VS EBIT VS OCF VS FCFVVL.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.22%, VVL belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 10.22%, VVL is in line with its industry, outperforming 45.95% of the companies in the same industry.
Industry RankSector Rank
ROA 1.22%
ROE 10.22%
ROIC N/A
ROA(3y)1.12%
ROA(5y)0.94%
ROE(3y)9.54%
ROE(5y)8.22%
ROIC(3y)N/A
ROIC(5y)N/A
VVL.OL Yearly ROA, ROE, ROICVVL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • VVL's Profit Margin of 41.39% is amongst the best of the industry. VVL outperforms 93.69% of its industry peers.
  • In the last couple of years the Profit Margin of VVL has remained more or less at the same level.
  • VVL does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 41.39%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.59%
PM growth 5Y1.42%
GM growth 3YN/A
GM growth 5YN/A
VVL.OL Yearly Profit, Operating, Gross MarginsVVL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

  • VVL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for VVL remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, VVL has about the same amount of shares outstanding.
  • VVL has a better debt/assets ratio than last year.
VVL.OL Yearly Shares OutstandingVVL.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500K 1M 1.5M 2M
VVL.OL Yearly Total Debt VS Total AssetsVVL.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • VVL has a debt to FCF ratio of 6.20. This is a slightly negative value and a sign of low solvency as VVL would need 6.20 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.20, VVL belongs to the top of the industry, outperforming 84.68% of the companies in the same industry.
  • VVL has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.21, VVL is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 6.2
Altman-Z N/A
ROIC/WACCN/A
WACC6.16%
VVL.OL Yearly LT Debt VS Equity VS FCFVVL.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
VVL.OL Yearly Current Assets VS Current LiabilitesVVL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • VVL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.18%.
  • VVL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.52% yearly.
  • VVL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.55%.
  • The Revenue has been growing by 11.29% on average over the past years. This is quite good.
EPS 1Y (TTM)-8.18%
EPS 3Y24.65%
EPS 5Y10.52%
EPS Q2Q%-21.16%
Revenue 1Y (TTM)2.55%
Revenue growth 3Y20.31%
Revenue growth 5Y11.29%
Sales Q2Q%0.48%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.64% on average over the next years.
  • VVL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.58% yearly.
EPS Next Y-6.14%
EPS Next 2Y0.99%
EPS Next 3Y4.64%
EPS Next 5YN/A
Revenue Next Year5.07%
Revenue Next 2Y5.25%
Revenue Next 3Y5.58%
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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VVL.OL Yearly Revenue VS EstimatesVVL.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
VVL.OL Yearly EPS VS EstimatesVVL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10 20 30 40

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6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.47 indicates a reasonable valuation of VVL.
  • Based on the Price/Earnings ratio, VVL is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, VVL is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 9.93, the valuation of VVL can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, VVL is valued cheaper than 80.18% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of VVL to the average of the S&P500 Index (27.20), we can say VVL is valued rather cheaply.
Industry RankSector Rank
PE 10.47
Fwd PE 9.93
VVL.OL Price Earnings VS Forward Price EarningsVVL.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VVL indicates a rather cheap valuation: VVL is cheaper than 81.98% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.5
EV/EBITDA N/A
VVL.OL Per share dataVVL.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1
EPS Next 2Y0.99%
EPS Next 3Y4.64%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.17%, VVL is a good candidate for dividend investing.
  • VVL's Dividend Yield is comparable with the industry average which is at 4.10.
  • Compared to an average S&P500 Dividend Yield of 1.82, VVL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.17%

5.2 History

  • The dividend of VVL is nicely growing with an annual growth rate of 15.20%!
Dividend Growth(5Y)15.2%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • VVL pays out 44.00% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of VVL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44%
EPS Next 2Y0.99%
EPS Next 3Y4.64%
VVL.OL Yearly Income VS Free CF VS DividendVVL.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M
VVL.OL Dividend Payout.VVL.OL Dividend Payout, showing the Payout Ratio.VVL.OL Dividend Payout.PayoutRetained Earnings

More info and screens

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VEKSELBANKEN

OSL:VVL (2/4/2026, 7:00:00 PM)

394

+2 (+0.51%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-29
Earnings (Next)N/A
Inst Owners8.11%
Inst Owner ChangeN/A
Ins Owners3.8%
Ins Owner ChangeN/A
Market Cap874.68M
Revenue(TTM)200.35M
Net Income(TTM)82.93M
Analysts80
Price Target438.6 (11.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend14.16
Dividend Growth(5Y)15.2%
DP44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.64%
Min EPS beat(2)-0.99%
Max EPS beat(2)-0.29%
EPS beat(4)0
Avg EPS beat(4)-9.04%
Min EPS beat(4)-19.66%
Max EPS beat(4)-0.29%
EPS beat(8)3
Avg EPS beat(8)1.13%
EPS beat(12)5
Avg EPS beat(12)-0.85%
EPS beat(16)8
Avg EPS beat(16)-1.16%
Revenue beat(2)0
Avg Revenue beat(2)-16.41%
Min Revenue beat(2)-17.42%
Max Revenue beat(2)-15.4%
Revenue beat(4)0
Avg Revenue beat(4)-17.03%
Min Revenue beat(4)-23.96%
Max Revenue beat(4)-11.33%
Revenue beat(8)0
Avg Revenue beat(8)-16.32%
Revenue beat(12)4
Avg Revenue beat(12)-4.31%
Revenue beat(16)6
Avg Revenue beat(16)-2.46%
PT rev (1m)8.31%
PT rev (3m)8.31%
EPS NQ rev (1m)-6.01%
EPS NQ rev (3m)-6.01%
EPS NY rev (1m)-1.61%
EPS NY rev (3m)-1.61%
Revenue NQ rev (1m)3.63%
Revenue NQ rev (3m)3.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.47
Fwd PE 9.93
P/S 4.37
P/FCF 5.5
P/OCF 5.2
P/B 1.08
P/tB 1.08
EV/EBITDA N/A
EPS(TTM)37.62
EY9.55%
EPS(NY)39.68
Fwd EY10.07%
FCF(TTM)71.63
FCFY18.18%
OCF(TTM)75.76
OCFY19.23%
SpS90.25
BVpS365.56
TBVpS365.56
PEG (NY)N/A
PEG (5Y)1
Graham Number556.27
Profitability
Industry RankSector Rank
ROA 1.22%
ROE 10.22%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 41.39%
GM N/A
FCFM 79.37%
ROA(3y)1.12%
ROA(5y)0.94%
ROE(3y)9.54%
ROE(5y)8.22%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.59%
PM growth 5Y1.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 6.2
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 4.58%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 191.76%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC6.16%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.12%
Cap/Sales(5y)0.69%
Profit Quality(3y)192.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.18%
EPS 3Y24.65%
EPS 5Y10.52%
EPS Q2Q%-21.16%
EPS Next Y-6.14%
EPS Next 2Y0.99%
EPS Next 3Y4.64%
EPS Next 5YN/A
Revenue 1Y (TTM)2.55%
Revenue growth 3Y20.31%
Revenue growth 5Y11.29%
Sales Q2Q%0.48%
Revenue Next Year5.07%
Revenue Next 2Y5.25%
Revenue Next 3Y5.58%
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 1Y81.04%
FCF growth 3YN/A
FCF growth 5Y24.51%
OCF growth 1Y89.41%
OCF growth 3YN/A
OCF growth 5Y23.56%

VEKSELBANKEN / VVL.OL FAQ

Can you provide the ChartMill fundamental rating for VEKSELBANKEN?

ChartMill assigns a fundamental rating of 4 / 10 to VVL.OL.


What is the valuation status of VEKSELBANKEN (VVL.OL) stock?

ChartMill assigns a valuation rating of 6 / 10 to VEKSELBANKEN (VVL.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for VEKSELBANKEN?

VEKSELBANKEN (VVL.OL) has a profitability rating of 4 / 10.


How financially healthy is VEKSELBANKEN?

The financial health rating of VEKSELBANKEN (VVL.OL) is 3 / 10.


What is the earnings growth outlook for VEKSELBANKEN?

The Earnings per Share (EPS) of VEKSELBANKEN (VVL.OL) is expected to decline by -6.14% in the next year.