olivLaw · European equity research
Sparebank 1 Smn MING.OL
Norway · Euronext Oslo Børs · ISIN NO0006390301 · Vertical: Listed companies from Norway
At the close of 09 Nov 2026, Sparebank 1 Smn (MING.OL) stock was 221.65 NOK (+1.70% on the day), with P/E 11.0 on diluted EPS of 20.10 NOK over the last 12 months, beta 0.35, 52-week range 182.56–222.25 NOK.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 59.4
- strong (55–70)
- Bollinger (20, 2)
- 210.86 – 222.14
- in the upper half of the band · %B 0.96 · band width 5.2%
- SMA 50 / 200
- 215.36 / 203.67
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 1.41 / 1.05
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.1% | +1.9% | +4.2 pp | — |
| 3 months | +12.7% | −3.8% | +16.4 pp | — |
| 6 months | +14.1% | +6.7% | +7.4 pp | — |
| Year to date | +7.6% | +8.5% | −1.0 pp | — |
| 1 year | +19.6% | +13.0% | +6.6 pp | −4.0% |
| 3 years | +72.1% | +49.9% | +22.2 pp | +12.6% |
| 5 years | +55.4% | +44.6% | +10.8 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 8.4, median 8.5, max 9.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 5.8 bn | 7.5 bn | 9.1 bn |
| Revenue YoY | unavailable | +30.5% | +21.4% |
| Net income | 2.8 bn | 3.7 bn | 4.6 bn |
| Net income YoY | unavailable | +32.4% | +24.5% |
| Diluted EPS | 12.82 | 16.88 | 20.10 |
| Diluted EPS YoY | unavailable | +31.7% | +19.1% |
| net % | 48.4% | 49.1% | 50.3% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 654.0 m NOK
- Financial debt
- unavailable NOK
- Net debt
- unavailable NOK
- Equity
- 30.5 bn NOK
- Total assets
- 247.7 bn NOK
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 15.5%
- ROA
- 1.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (NOK)
Margins
Income statement · NOK
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 5.8 bn | 7.5 bn | 9.1 bn | esef· 08 May 2025verified |
| Pre-tax income | 3.3 bn | 4.5 bn | 5.6 bn | esef· 08 May 2025verified |
| Income tax | 718.0 m | 904.0 m | 1.1 bn | esef· 08 May 2025verified |
| Net income | 2.8 bn | 3.7 bn | 4.6 bn | esef· 08 May 2025verified |
| Diluted EPS | 12.82 | 16.88 | 20.10 | esef· 08 May 2025verified |
Balance sheet · NOK
Cash flow · NOK
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | -8.7 bn | 8.0 bn | 877.0 m | esef· 08 May 2025verified |
| Investing cash flow | 33.0 m | 482.0 m | -432.0 m | esef· 08 May 2025verified |
| Financing cash flow | 8.5 bn | -8.5 bn | -962.0 m | esef· 08 May 2025verified |
| Dividends paid | 970.0 m | 840.0 m | 1.7 bn | esef· 08 May 2025verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 16.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
09 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
17% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 16.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 50.3% | 97 (vs peers) | 38% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 11.0x | 65 (vs peers) | 63% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial97/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial65/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SPAREBANK 1 SMN (MING.OL). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 9.1 bn NOK in 2024; YoY growth 21.4%; net margin 50.3%; ROE 15.5%.
The estimated value range is 188.00–636.98 NOK per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 402.00 NOK, the price of 221.65 NOK leaves a potential of 81.4% (value / price − 1) and a margin of safety of 44.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 16.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 50.3%
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Norway · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 80.5 bn | 20.5 | 7.9% | 21.4% | +42.5% | +37% / +60% |
| AFG.OLAf Gruppen Asa | 21.7 bn | 20.0 | 39.7% | 3.4% | +4.4% | +10% / +72% |
| ELK.OLElkem Asa | 19.6 bn | 40.2 | 1.9% | 2.7% | −15.7% | +12% / +77% |
| ATEA.OLAtea Asa | 18.5 bn | 21.5 | 19.7% | 2.3% | +8.1% | +12% / +37% |
| AKSO.OLAker Solutions Asa | 17.6 bn | 6.9 | 22.5% | 4.1% | +19.2% | +19% / −11% |
| AUSS.OLAustevoll Seafood Asa | 16.8 bn | 37.3 | 1.6% | 1.1% | +11.1% | −6% / +11% |
| BRG.OLBorregaard Asa | 15.8 bn | 25.6 | 11.4% | 8.0% | +1.3% | −16% / −8% |
| BONHR.OLBonheur ASA | 11.3 bn | 8.0 | 17.1% | 11.4% | −10.8% | +19% / +46% |
| AFK.OLArendals Fossekompani Asa | 10.4 bn | — | -2.3% | -3.1% | −14.9% | +40% / +32% |
| B2I.OLB2 Impact Asa | 8.9 bn | 14.6 | 11.0% | 16.4% | +2.6% | +43% / +245% |
| AKVA.OLAkva Group Asa | 5.8 bn | 31.4 | 13.7% | 4.2% | +24.4% | +75% / +154% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| BOUV.OLBouvet Asa | 5.0 bn | 14.2 | 80.7% | 9.2% | −0.2% | −19% / −15% |
| CLOUD.OLCloudberry Clean Energy Asa | 3.9 bn | 61.0 | 1.3% | 13.1% | +34.0% | −6% / +27% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.6 bn | 10.7 | 34.9% | 16.8% | +12.4% | −13% / +21% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −16% / −9% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +59% / +14% |
| APR.OLAppear Asa | 1.4 bn | 10.8 | 30.1% | 16.1% | +32.3% | −52% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 114.2 | 2.9% | 8.6% | +7.9% | −4% / −45% |
| CAPSL.OLCapsol Technologies Asa | 930.1 m | — | -89.4% | -114.8% | −25.0% | −30% / −64% |
| BOR.OLBorgestad Asa | 551.5 m | 36.0 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 248.2 m | 5.0 | 22.1% | 9.3% | +15.7% | −29% / −52% |
| DELIA.OLDellia Group Asa | 75.4 m | 1.5 | 22.6% | 7.7% | +140.0% | −61% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.1 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
| AGLX.OLAgilyx Asa | — | — | -182.4% | -12,189.3% | +20.3% | −41% / −41% |
1- and 3-year price returns: for MING.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202408 May 2025
- Annual report 202323 Apr 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.