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Melhus Sparebank

Melhus Sparebank

MELG · OL · Financial Services / Banks - Regional

182.32NOK-2.32 (-1.26%)

Price History

Full chart

Market Stats

Previous Close184.64
Open184.04
Day Range182.32 – 185.98
52-Week Range156.31 – 196.98
Volume315
Market Cap512.77M
P/E (TTM)6.25
Forward P/E9.16
EPS29.59
Dividend Yield7.34%
Beta0.17
50-Day Avg183.91
200-Day Avg189.90

About

Melhus Sparebank, a savings bank, offers various banking products and services to businesses, agriculture customers, and private individuals in Norway. The company offers bank, Boligsparing for Ungdom, mutual fund, and retirement saving accounts. It also provides insurance services for electric scooter, boat, motorcycle, moped, jet ski, caravan, motorhome, ATV, tractor, snowmobile, trailer, and veteran cars; house and belongings, consisting of household items, travel, cottages, valuable items, drones, and home and travel insurance for young people; life and health for child, disabled, critical illness, and accident; and dogs, cats, and horses insurance services. In addition, the company provides car, mortgage, motorcycle, motorhomes, and ATVs loan products, as well as leasing services. Further, it offers credit and bank cards, payment, online and mobile banking, and other daily banking services. Melhus Sparebank was founded in 1840 and is headquartered in Melhus, Norway.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Ragnar Torland
  • Employees70
  • HeadquartersGimsbruvegen 5, Melhus, Norway, 7224, Norway
  • Websitehttps://www.melhusbanken.no

Leadership

  • Ms. Turid Vollan RisetHead of Finance & Business Development and Assistant Bank Manager
  • Ms. Marte RisbergHead of Legal & Legal Manager
  • Ms. Kjellaug Krogh AngvikHead of Retail Market
  • Mr. Bjorn HoiemHead of Corporate Markets
  • Mr. Eirik Groseth SundHead of Insurance & Market
  • Mr. Simen StubsjoenHead of Credit
  • Anette StrømRisk Compliance Manager
  • Mr. Ragnar TorlandChief Executive Officer
  • Tove Aune- StorsandHuman Resource Manager
  • Victoria SandbergSustainability Manager

Financials

Income Statement

Currency: NOK2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue115.04M142.40M156.59M149.57M119.01M135.06M167.17M210.75M278.99M212.42M211.84M241.37M273.57M285.62M326.91M273.33M299.54M301.74M308.71M351.30M317.55M296.08M399.67M657.78M745.82M349.07M
Growth (%)-+23.79%+9.96%-4.48%-20.43%+13.48%+23.77%+26.07%+32.38%-23.86%-0.27%+13.94%+13.34%+4.41%+14.45%-16.39%+9.59%+0.73%+2.31%+13.80%-9.61%-6.76%+34.99%+64.58%+13.38%-53.20%
Cost of Revenue--------180.26M115.76M110.66M137.74M138.57M141.32M151.12M114.88M109.28M109.31M110.17M130.31M106.05M64.90M138.83M315.46M401.70M-
Gross Profit--------98.73M96.66M101.18M103.63M135.00M144.30M175.79M158.46M190.26M192.42M198.54M220.99M211.50M231.18M260.85M342.32M344.12M-
Gross Margin--------35.39%45.50%47.76%42.93%49.35%50.52%53.77%57.97%63.52%63.77%64.31%62.91%66.60%78.08%65.27%52.04%46.14%-
Operating Expense--------67.54M62.63M59.29M62.03M71.46M78.19M88.34M93.08M87.60M93.78M92.59M95.70M100.95M98.09M135.60M165.29M164.40M-
Operating Income22.23M26.58M36.02M40.55M41.15M78.04M109.52M156.80M31.19M34.02M41.89M41.60M63.54M66.11M87.45M65.37M102.66M98.64M105.95M125.28M110.55M133.09M125.25M177.03M179.72M-
Operating Margin19.32%18.67%23.00%27.11%34.58%57.78%65.51%74.40%11.18%16.02%19.77%17.24%23.23%23.15%26.75%23.92%34.27%32.69%34.32%35.66%34.81%44.95%31.34%26.91%24.10%-
EBITDA--------34.94M37.73M45.47M44.26M68.16M69.10M90.56M69.09M106.58M102.05M109.44M130.35M114.50M142.19M131.35M186.66M185.49M-
EBITDA Margin--------12.53%17.76%21.47%18.34%24.92%24.19%27.70%25.28%35.58%33.82%35.45%37.11%36.06%48.02%32.86%28.38%24.87%-
Net Income-------8.82M19.72M25.07M30.92M30.08M52.25M49.88M64.74M47.84M83.23M79.15M82.31M97.58M88.21M105.24M100.62M135.35M139.51M140.14M
Net Income Margin-------4.18%7.07%11.80%14.59%12.46%19.10%17.46%19.80%17.50%27.78%26.23%26.66%27.78%27.78%35.54%25.17%20.58%18.71%40.15%
Interest Expense00000000180.26M115.76M110.66M137.74M138.57M141.32M151.12M114.88M109.28M109.31M110.17M130.31M106.05M64.90M138.83M315.46M401.70M408.59M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%64.61%54.50%52.24%57.07%50.65%49.48%46.23%42.03%36.48%36.23%35.69%37.09%33.40%21.92%34.73%47.96%53.86%117.05%

Balance Sheet

Currency: NOK2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.50B1.71B1.95B2.29B2.61B2.91B3.20B3.41B3.75B4.08B4.63B5.21B5.29B5.99B6.42B6.98B8.11B8.21B8.66B8.99B9.51B10.22B10.50B11.08B11.09B12.06B
Total Liabilities1.36B1.57B1.80B2.08B2.40B2.67B2.94B3.14B3.47B3.78B4.31B4.86B4.93B5.50B5.87B6.40B7.29B7.28B7.67B7.89B8.39B9.02B9.20B9.60B9.53B10.35B
Total Equity132.08M139.51M147.01M203.65M212.47M243.43M264.62M278.52M284.57M301.83M327.59M348.39M362.94M491.36M550.90M586.30M808.41M927.30M986.62M1.10B1.12B1.20B1.30B1.48B1.56B1.70B
Cash17.46M14.77M18.74M10.96M22.85M16.93M27.55M10.09M13.71M15.34M16.60M69.09M60.81M13.04M14.95M64.70M69.95M71.18M7.66M9.75M25.20M4.16M4.29M4.26M4.92M4.30M
Total Debt--------110.47M109.88M110.12M1.04B1.47B1.66B1.79B2.29B4.85B2.10B2.22B2.49B2.26B2.56B2.36B2.32B2.27B-
Net Debt--------96.76M94.54M93.53M968.04M1.41B1.64B1.77B2.22B2.43B2.03B2.21B2.48B2.24B2.56B2.36B2.31B2.26B2.51B

Cash Flow

Currency: NOK2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-56.59M103.80M109.26M-87.82M90.06M-742.72M-421.98M-309.99M-686.65M-156.49M-277.07M-222.64M-168.14M-305.54M316.48M243.56M144.56M187.40M
Investing Cash Flow--183.72M-196.70M-65.63M-6.11M121.81M15.54M119.50M-85.93M-218.23M86.58M42.55M-14.00M-224.27M-70.71M-220.82M64.22M31.42M-72.36M
Financing Cash Flow-130.75M94.52M-42.37M146.42M-220.15M679.41M304.38M445.67M910.12M71.14M171.00M238.74M407.86M355.21M-319.32M-143.40M-227.73M70.20M
Capital Expenditure01.02M6.14M2.56M3.91M5.11M1.48M1.87M15.99M2.84M1.72M1.13M1.13M9.88M67.32M186.43M010.70M0
Free Cash Flow-55.58M97.66M106.70M-91.73M84.95M-744.20M-423.85M-325.98M-689.49M-158.20M-278.20M-223.77M-178.02M-372.86M130.05M243.56M133.86M187.40M
Dividends Paid-9.60M7.60M8.40M9.20M10.00M9.20M12.98M13.74M12.98M19.60M23.60M24.99M27.76M19.43M29.15M30.54M34.70M37.48M
FCF to OCF-98.20%94.08%97.66%104.45%94.33%100.20%100.44%105.16%100.41%101.10%100.41%100.51%105.88%122.03%41.09%100.00%92.60%100.00%
Dividend Paid to FCF-17.27%7.78%7.87%-10.03%11.77%-1.24%-3.06%-4.22%-1.88%-12.39%-8.48%-11.17%-15.59%-5.21%22.41%12.54%25.93%20.00%

Earnings

Report DateMay 15, 2009Aug 20, 2009Nov 5, 2009Jan 29, 2010May 14, 2010Aug 19, 2010Nov 4, 2010Jan 28, 2011May 13, 2011Aug 11, 2011Nov 4, 2011Feb 9, 2012May 10, 2012Aug 17, 2012Nov 8, 2012Jan 25, 2013May 17, 2013Aug 22, 2013Nov 7, 2013Feb 13, 2014May 8, 2014Aug 14, 2014Nov 6, 2014Feb 12, 2015May 8, 2015Aug 13, 2015Nov 5, 2015Feb 11, 2016May 12, 2016Aug 18, 2016Nov 10, 2016Feb 8, 2017May 12, 2017Aug 10, 2017Nov 9, 2017Feb 8, 2018May 9, 2018Aug 17, 2018Nov 9, 2018Feb 14, 2019May 10, 2019Aug 15, 2019Nov 7, 2019Feb 13, 2020May 15, 2020Aug 13, 2020Nov 12, 2020Feb 11, 2021May 5, 2021Aug 12, 2021Nov 10, 2021Feb 9, 2022May 5, 2022Aug 11, 2022Nov 10, 2022Feb 15, 2023May 11, 2023Aug 14, 2023Nov 9, 2023Feb 15, 2024May 14, 2024Aug 15, 2024Nov 14, 2024Feb 4, 2025May 15, 2025Aug 14, 2025Nov 13, 2025Feb 12, 2026May 12, 2026Aug 13, 2026
EPS Estimate---------3.902.972.352.423.332.63----3.463.164.073.323.202.874.782.982.571.963.592.612.381.663.782.854.082.144.493.112.502.803.992.913.072.944.382.503.062.144.753.153.902.455.153.144.053.105.374.033.462.944.422.903.153.254.943.473.622.994.52
EPS Actual8.139.075.287.688.429.0211.808.167.0612.072.692.172.793.753.625.7710.2617.7715.863.542.664.772.626.752.394.861.672.204.203.052.923.143.053.692.832.762.534.272.812.432.454.952.823.431.674.232.333.612.347.182.704.022.164.642.793.133.057.473.482.092.744.533.234.582.965.072.903.582.654.04
Surprise---------209.49%-9.43%-7.66%15.29%12.61%37.64%----2.31%-15.82%17.20%-21.08%110.94%-16.72%1.67%-43.96%-14.40%114.29%-15.04%11.88%31.93%83.73%-2.38%-0.70%-32.35%18.22%-4.90%-9.65%-2.80%-12.50%24.06%-3.09%11.73%-43.20%-3.42%-6.80%17.97%9.35%51.16%-14.29%3.08%-11.84%-9.90%-11.15%-22.72%-1.61%39.11%-13.65%-39.60%-6.80%2.49%11.38%45.40%-8.92%2.63%-16.43%-1.10%-11.37%-10.62%
Timing---------After-hoursPre-marketAfter-hoursAfter-hours-After-hours----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap512.77M
Enterprise Value850.78M
Trailing P/E6.25
Forward P/E9.16
PEG Ratio0.00
Price / Sales1.55
Price / Book0.30
EPS29.59
Book Value578.35
Revenue (TTM)330.69M
Gross Profit (TTM)330.69M
Profit Margin39.83%
Operating Margin53.99%
Return on Equity7.95%
Return on Assets1.07%
Shares Outstanding2.77M
Shares Float2.78M
Beta0.17
Dividend Yield7.34%
Dividend Rate13.50
Payout Ratio102.51%

Dividends

20261×
13.50Mar 20, 2026
20251×
13.50Mar 21, 2025
20241×
12.50Mar 22, 2024
20231×
11.00Mar 17, 2023
20221×
10.50Mar 11, 2022
20211×
7.00Mar 12, 2021
20201×
10.00Mar 6, 2020
20191×
9.00Mar 8, 2019
20181×
8.50Mar 9, 2018
20171×
8.47Mar 10, 2017
20161×
8.47Mar 16, 2016
20151×
8.67Mar 4, 2015
20141×
8.19Feb 28, 2014
20131×
11.08Mar 1, 2013
20121×
12.05Mar 2, 2012
20111×
11.08Mar 4, 2011
20101×
10.12Feb 26, 2010
20091×
9.16Feb 26, 2009
20081×
11.57Feb 28, 2008
20071×
13.01Mar 1, 2007
20061×
12.05Feb 23, 2006
20051×
11.57Feb 17, 2005
20041×
10.12Feb 19, 2004
20031×
9.28Feb 20, 2003

Stock Splits

  • Oct 23, 2017856:853
  • Mar 11, 2016762:737
  • Nov 5, 200337367:35983