Sparebanken Norge (SBNOR.OL) stock analysis

In our weekly check, Sparebanken Norge is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 1, red flags: 10.

About Sparebanken Norge

Sparebanken Norge is a Financial Services company (Banks - Regional) based in Norway, listed on OSL as SBNOR.OL.

What our checks show for SBNOR.OL

Red flags

• The net margin fell by 30.6 points over 5 years, to 30.3%: the company keeps less of each sale as profit.
• The gross margin fell by 45.2 points, to 54.8%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 16.4% a year.
• Analysts expect the net margin to shrink by 13.8 points from today's 30.3%.
• The stock has fallen as much as 76% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 8.7 years.
• The share count grew by 37% in 2 years: each shareholder owns a smaller slice.
• Return on capital (ROCE) is only 2.5%.

Warning signs

• Thinly traded (about 115 thousand shares a day): buying and selling can move the price.

Strengths

• Revenue grew 69% a year over the last 3 years.
• Earnings per share grew 16.5% a year over the last 3 years.
• Net profit grew 36.6% a year over the last 3 years.
• The company keeps 30.3% of its revenue as net profit.
• Free cash flow is 29.7% of revenue: cash for dividends, buybacks or growth.
• The price is 12.4 times earnings (P/E), reasonable for its growth.

Similar companies

HBANL · BMPS.MI · MTB · 1140.SR · DSCT.TA · CBK.DE

Questions

What grade does Sparebanken Norge (SBNOR.OL) have?

In our weekly check, Sparebanken Norge is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 1, red flags: 10. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SBNOR.OL stock?

This week's biggest flags for Sparebanken Norge: Margins falling, Gross margin falling, Weak revenue forecast. In total 11 of 25 checks show a warning or a red flag.

What does Sparebanken Norge do?

Sparebanken Norge is a Financial Services company (Banks - Regional) based in Norway, listed on OSL as SBNOR.OL.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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