VEKSELBANKEN (VVL.OL) Stock Fundamental Analysis

OSL:VVL • NO0003025009

412 NOK
-4 (-0.96%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VVL. VVL was compared to 108 industry peers in the Banks industry. While VVL is still in line with the averages on profitability rating, there are concerns on its financial health. VVL is not valued too expensively and it also shows a decent growth rate.


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.
  • In the past 5 years VVL has always been profitable.
  • 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 2025 0 -200M -400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.20%, VVL is in the better half of the industry, outperforming 73.15% of the companies in the same industry.
  • VVL has a Return On Equity (10.02%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.2%
ROE 10.02%
ROIC N/A
ROA(3y)1.23%
ROA(5y)1.06%
ROE(3y)10.38%
ROE(5y)9.11%
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 2025 2 4 6 8 10

1.3 Margins

  • VVL's Profit Margin of 41.90% is amongst the best of the industry. VVL outperforms 89.81% of its industry peers.
  • In the last couple of years the Profit Margin of VVL has grown nicely.
  • 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) 41.9%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.63%
PM growth 5Y6.5%
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 2025 10 20 30 40

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2

2. Health

2.1 Basic Checks

  • VVL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, VVL has about the same amount of shares outstanding.
  • The number of shares outstanding for VVL remains at a similar level compared to 5 years ago.
  • The debt/assets ratio for VVL has been reduced compared to a year ago.
VVL.OL Yearly Shares OutstandingVVL.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • VVL has a debt to FCF ratio of 79.82. This is a negative value and a sign of low solvency as VVL would need 79.82 years to pay back of all of its debts.
  • The Debt to FCF ratio of VVL (79.82) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.29 is on the high side and indicates that VVL has dependencies on debt financing.
  • VVL's Debt to Equity ratio of 1.29 is fine compared to the rest of the industry. VVL outperforms 62.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF 79.82
Altman-Z N/A
ROIC/WACCN/A
WACC6.15%
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 2025 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 2025 200M 400M 600M 800M 1B

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

5

3. Growth

3.1 Past

  • The earnings per share for VVL have decreased by -1.83% in the last year.
  • Measured over the past years, VVL shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.35% on average per year.
  • VVL shows a small growth in Revenue. In the last year, the Revenue has grown by 3.04%.
  • The Revenue has been growing by 13.03% on average over the past years. This is quite good.
EPS 1Y (TTM)-1.83%
EPS 3Y17.41%
EPS 5Y20.35%
EPS Q2Q%6.13%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y14.4%
Revenue growth 5Y13.03%
Sales Q2Q%39.93%

3.2 Future

  • Based on estimates for the next years, VVL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.48% on average per year.
  • Based on estimates for the next years, VVL will show a quite strong growth in Revenue. The Revenue will grow by 8.31% on average per year.
EPS Next Y8.66%
EPS Next 2Y10.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.18%
Revenue Next 2Y8.31%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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.
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 200M
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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5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.79, the valuation of VVL can be described as very reasonable.
  • Based on the Price/Earnings ratio, VVL is valued a bit cheaper than the industry average as 61.11% of the companies are valued more expensively.
  • VVL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.98.
  • A Price/Forward Earnings ratio of 10.38 indicates a reasonable valuation of VVL.
  • VVL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VVL is cheaper than 67.59% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, VVL is valued rather cheaply.
Industry RankSector Rank
PE 10.79
Fwd PE 10.38
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

  • The rest of the industry has a similar Price/Free Cash Flow ratio as VVL.
Industry RankSector Rank
P/FCF 67.2
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.25
PEG (5Y)0.53
EPS Next 2Y10.48%
EPS Next 3YN/A

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.13%, VVL is a good candidate for dividend investing.
  • VVL's Dividend Yield is comparable with the industry average which is at 4.37.
  • Compared to an average S&P500 Dividend Yield of 1.81, VVL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.13%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 43.19% of the earnings are spent on dividend by VVL. This is a bit on the high side, but may be sustainable.
DP43.19%
EPS Next 2Y10.48%
EPS Next 3YN/A
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 2025 0 -200M -400M
VVL.OL Dividend Payout.VVL.OL Dividend Payout, showing the Payout Ratio.VVL.OL Dividend Payout.PayoutRetained Earnings

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VEKSELBANKEN

OSL:VVL (2/24/2026, 7:00:00 PM)

412

-4 (-0.96%)

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 Cap914.64M
Revenue(TTM)200.92M
Net Income(TTM)84.19M
Analysts80
Price Target438.6 (6.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.13%
Yearly Dividend16.5
Dividend Growth(5Y)N/A
DP43.19%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-3.05%
Min Revenue beat(2)-17.42%
Max Revenue beat(2)11.31%
Revenue beat(4)1
Avg Revenue beat(4)-11.37%
Min Revenue beat(4)-23.96%
Max Revenue beat(4)11.31%
Revenue beat(8)1
Avg Revenue beat(8)-12.7%
Revenue beat(12)4
Avg Revenue beat(12)-5.54%
Revenue beat(16)7
Avg Revenue beat(16)-1.73%
PT rev (1m)0%
PT rev (3m)8.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.43%
Revenue NY rev (3m)5.43%
Valuation
Industry RankSector Rank
PE 10.79
Fwd PE 10.38
P/S 4.55
P/FCF 67.2
P/OCF 45.51
P/B 1.09
P/tB 1.09
EV/EBITDA N/A
EPS(TTM)38.2
EY9.27%
EPS(NY)39.68
Fwd EY9.63%
FCF(TTM)6.13
FCFY1.49%
OCF(TTM)9.05
OCFY2.2%
SpS90.5
BVpS378.54
TBVpS378.54
PEG (NY)1.25
PEG (5Y)0.53
Graham Number570.4
Profitability
Industry RankSector Rank
ROA 1.2%
ROE 10.02%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 41.9%
GM N/A
FCFM 6.77%
ROA(3y)1.23%
ROA(5y)1.06%
ROE(3y)10.38%
ROE(5y)9.11%
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 3Y2.63%
PM growth 5Y6.5%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF 79.82
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 3.23%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 16.17%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC6.15%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.98%
Cap/Sales(5y)1.32%
Profit Quality(3y)119%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.83%
EPS 3Y17.41%
EPS 5Y20.35%
EPS Q2Q%6.13%
EPS Next Y8.66%
EPS Next 2Y10.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.04%
Revenue growth 3Y14.4%
Revenue growth 5Y13.03%
Sales Q2Q%39.93%
Revenue Next Year9.18%
Revenue Next 2Y8.31%
Revenue Next 3YN/A
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-84.79%
FCF growth 3Y-52.09%
FCF growth 5Y-40.67%
OCF growth 1Y-78.46%
OCF growth 3Y-45.57%
OCF growth 5Y-35.86%

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 5 / 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 2 / 10.


What is the earnings growth outlook for VEKSELBANKEN?

The Earnings per Share (EPS) of VEKSELBANKEN (VVL.OL) is expected to grow by 8.66% in the next year.