VEKSELBANKEN (VVL.OL) Stock Fundamental Analysis

OSL:VVL • NO0003025009

398 NOK
-2 (-0.5%)
Last: Feb 18, 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 110 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 0 -200M -400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.22%, VVL is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
  • With a Return On Equity value of 10.22%, VVL perfoms like the industry average, outperforming 44.55% 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 has a Profit Margin of 41.39%. This is amongst the best in the industry. VVL outperforms 90.00% of its industry peers.
  • VVL's Profit Margin has been stable in the last couple of years.
  • 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • VVL has a Debt to FCF ratio of 6.20. This is amongst the best in the industry. VVL outperforms 86.36% of its industry peers.
  • VVL has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
  • VVL has a better Debt to Equity ratio (1.21) than 66.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 6.2
Altman-Z N/A
ROIC/WACCN/A
WACC6.11%
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

More info and screens

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

4

3. Growth

3.1 Past

  • The earnings per share for VVL have decreased by -8.18% in the last year.
  • Measured over the past years, VVL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.52% on average per year.
  • The Revenue has been growing slightly by 2.55% in the past year.
  • Measured over the past years, VVL shows a quite strong growth in Revenue. The Revenue has been growing by 11.29% on average per year.
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

  • VVL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.64% yearly.
  • 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.
  • 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
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.58 indicates a reasonable valuation of VVL.
  • Compared to the rest of the industry, the Price/Earnings ratio of VVL indicates a somewhat cheap valuation: VVL is cheaper than 64.55% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.27. VVL is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 10.03, the valuation of VVL can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VVL indicates a somewhat cheap valuation: VVL is cheaper than 76.36% of the companies listed in the same industry.
  • VVL is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.16, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.58
Fwd PE 10.03
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 80.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.56
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)1.01
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 4.13%, VVL is a good candidate for dividend investing.
  • VVL's Dividend Yield is comparable with the industry average which is at 4.33.
  • VVL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 4.13%

5.2 History

  • On average, the dividend of VVL grows each year by 15.20%, which is quite nice.
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

Find the best dividend stocksShow peers with best dividend

VEKSELBANKEN

OSL:VVL (2/18/2026, 7:00:00 PM)

398

-2 (-0.5%)

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 Cap883.56M
Revenue(TTM)200.35M
Net Income(TTM)82.93M
Analysts80
Price Target438.6 (10.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.13%
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 10.58
Fwd PE 10.03
P/S 4.41
P/FCF 5.56
P/OCF 5.25
P/B 1.09
P/tB 1.09
EV/EBITDA N/A
EPS(TTM)37.62
EY9.45%
EPS(NY)39.68
Fwd EY9.97%
FCF(TTM)71.63
FCFY18%
OCF(TTM)75.76
OCFY19.04%
SpS90.25
BVpS365.56
TBVpS365.56
PEG (NY)N/A
PEG (5Y)1.01
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
WACC6.11%
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 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 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.