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MING.OL

HOLDREMOVE

SpareBank 1 SMN · Financial Services · Norway · $3.0B · Avg Vol: $3M/d

41
StockRank
Q
49
V
50
M
34
P/E (TTM)
10.4x
ROE
14.5%
D/E
—
Dividend %
7.1%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

SpareBank 1 SMN is a solid Norwegian regional bank, but it lacks the global scale, pricing power, and structural growth tailwinds required for our concentrated portfolio.

COMPANY DESCRIPTION

SpareBank 1 SMN is the dominant financial group in the Trøndelag and Møre og Romsdal regions of Norway, offering banking, insurance, and accounting services. The bank's competitive moat is its leading regional market share, diversified revenue streams from its accounting subsidiary (EiendomsMegler 1), and cost synergies from the SpareBank 1 Alliance. It is a highly profitable, regional financial powerhouse with deep local economic ties.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue576M781M851M871M14.8%
EPS1.391.832.172.0614.2%
Shares130M144M144M144M+11.1%
Debt5.4B5.2B5.8B5.2B-1.3%
Equity2.6B3.0B3.2B3.4B9.4%
Op CF-936M867M95M1.1B11.1%
Inv CF4M52M-47M-20M—
Fin CF924M-919M-104M-1.1B—
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PRICE (1M)-6.6%
20.2120.6621.1121.5622.01May 6May 29Jun 18
SMA 50SMA 200
Close
$20.57
RSI (14)
44.1
52W High
$23.18
From 52W High
0.9%

SCORE BREAKDOWN

Quality
49
ROIC (ROA)
1.7%*55.4
ROE
14.5%71.4
GP/Assets
3.6%41.6
Op. Margin
53.5%76.8
FCF/Assets
—N/A
Piotroski
—68.0
Int. Cover
—N/A
D/E Ratio
—N/A
Current Ratio
—N/A
Value
50
P/E (TTM)
10.4x67.3
EV/EBITDA
—N/A
P/FCF
—N/A
P/B
1.0x54.1
P/S
3.2x54.0
Div Yield
7.1%86.4
Momentum
34
52W High %
89%43.0
RS 6M
-22%20.8
SMA 50/200
1.05x60.1
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
+4%24.3
Q Growth
-15%17.2

FUNDAMENTALS

Market Cap
$3.0B
P/E (Forward)
10.0x
Gross Margin
0.0%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of MING.OL are excluded.

TickerCompanyMkt CapStockRankSignal
MING.OLSpareBank 1 SMN(you)$3.0B41HOLD
SPOL.OLSpareBank 1 Østlandet$2.9B40HOLD
SBNOR.OLSparebanken Norge$3.6B56HOLD
NONG.OLSpareBank 1 Nord-Norge$1.6B50HOLD
SB1NO.OLSpareBank 1 Sør-Norge ASA$7.8B36HOLD
MORG.OLSparebanken Møre$605M41HOLD
SOAG.OLSpareBank 1 Østfold Akershus$597M39HOLD
ROGS.OLRogaland Sparebank$372M39HOLD
PARB.OLPareto Bank ASA$581M25SELL
RING.OLSpareBank 1 Ringerike Hadeland$740M62HOLD

Peer medians: ROE 12.3% · P/E 11.0x · Gross margin 0.0%

SpareBank 1 SMN (MING.OL) — Stock Score Summary

SpareBank 1 SMN (MING.OL) has a MoatMap StockRank of 41/100 based on Quality (49/100), Value (50/100), and Momentum (34/100) factor scores. The current signal is HOLD. SpareBank 1 SMN is a solid Norwegian regional bank, but it lacks the global scale, pricing power, and structural growth tailwinds required for our concentrated portfolio.

SpareBank 1 SMN is the dominant financial group in the Trøndelag and Møre og Romsdal regions of Norway, offering banking, insurance, and accounting services. The bank's competitive moat is its leading regional market share, diversified revenue streams from its accounting subsidiary (EiendomsMegler 1), and cost synergies from the SpareBank 1 Alliance. It is a highly profitable, regional financial powerhouse with deep local economic ties.

Key Financial Metrics

Price$20.57
Market Cap$3.0B
P/E (TTM)10.37
P/E (Forward)9.95
Price/Book1.02
Return on Equity14.5%
Gross Margin0.0%
Operating Margin53.5%
Revenue Growth-7.7%
Dividend Yield7.1%

SpareBank 1 SMN operates in the Banks - Regional industry, part of the Financial Services sector (Norway).

Frequently Asked Questions

What is SpareBank 1 SMN’s (MING.OL) StockRank?
MoatMap’s StockRank for SpareBank 1 SMN (MING.OL) is 41/100, with a Hold signal. It is a composite of Quality (49), Value (50), and Momentum (34) factor ranks across MoatMap’s 20,000+ stock universe.
Does SpareBank 1 SMN have an economic moat?
SpareBank 1 SMN (MING.OL) has a Quality factor score of 49/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is SpareBank 1 SMN a buy, hold, or sell?
MoatMap’s current signal for SpareBank 1 SMN (MING.OL) is Hold, based on a StockRank of 41/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is SpareBank 1 SMN in?
SpareBank 1 SMN (MING.OL) operates in the Financial Services sector, specifically the Banks - Regional industry (Norway).
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