Reading the annual reports…

First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.

Sparebank 1 Sørøst-norge financial health, profit and balance sheet · Scorvest

Norway

Sparebank 1 Sørøst-norge

Fiscal year ends in December · Figures in NOK

+ Add to watchlist Compare

In shortSparebank 1 Sørøst-norge is profitable.

Financial health

Strong

Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.

How is this score calculated? →

Profitability51

Operating marginShare of each sale left after running the business, before interest and tax.	–	n/a
Net marginShare of each sale left as profit after every cost, interest and tax.	–	n/a
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	10.1%	51/100

Weight in the score: 25%

Balance sheet100
Equity / assets 14.5% 100/100
Weight in the score: 25%

Equity / assets	14.5%	100/100

Cash generation–

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	–	n/a
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	-0.16×	n/a
Years with positive free cash flow (last 5)	1 of 4	n/a

Weight in the score: 20%

Stability100
Profitable years (last 5) 4 of 4 100/100
Years of revenue decline (last 5) 0 of 1 100/100
Revenue growth volatility – n/a
Operating margin volatility – n/a
Weight in the score: 20%
Growth–
Revenue growth, 3-year average – n/a
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	4 of 4	100/100
Years of revenue decline (last 5)	0 of 1	100/100
Revenue growth volatility	–	n/a
Operating margin volatility	–	n/a

Revenue growth, 3-year average	–	n/a
EPS growth, 3-year average	–	n/a

Fiscal year 2023 · change vs prior year

Revenue: –; –
Net income: kr 1.3B; ▲ 26.1%
Total assets: kr 90.0B; ▲ 0.5%
Operating margin: –; –
Cash & investments: kr 1.8B; –
Total debt: –; –
Diluted EPS: –; –
Return on equity: 10.1%; –

European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

Statements

The last 4 fiscal years from the company's annual reports.

NOK millions; negative values in parentheses.

Fiscal year	FY20	FY21	FY22	FY23
Revenue	1,260	1,995	–	–
Gross profit	–	–	1,041	1,310
Operating income	–	–	1,041	1,310
Interest expense	331	333	1,010	2,347
Pre-tax income	630	1,030	1,311	1,711
Income tax	125	161	270	400
Net income	503	865	1,038	1,309

Export to Excel · Investor plan PDF report · Pro plan

Risk checks

Altman Z'' score

Not computed: the model does not apply to banks and insurers.

Piotroski F-score

Not computed: it needs two consecutive complete years.

Sources

Annual reportPeriod ending Dec 31, 2023Open the report ↗
Annual reportPeriod ending Dec 31, 2022Open the report ↗
Annual reportPeriod ending Dec 31, 2021Filed Mar 2, 2022Open the report ↗

All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023