Voss Veksel og Landmandsbank ASA

VVL · OL · Financial Services / Banks - Regional

436.00NOK+6.00 (+1.40%)

Price History

Full chart

Market Stats

Previous Close430.00

Open432.00

Day Range432.00 – 438.00

52-Week Range356.40 – 520.00

Volume270

Market Cap934.38M

P/E (TTM)12.31

Forward P/E12.38

EPS34.43

Dividend Yield4.42%

Beta0.30

50-Day Avg435.04

200-Day Avg443.93

About

Voss Veksel- og Landmandsbank ASA provides banking and insurance services to private individuals, business, and agriculture in Norway. It offers saving accounts; car and other vehicle, home, small, and construction loans; overdrafts facilities; leasing services; bank guarantees; bank and payment cards; insurance products; and online and mobile banking services. The company was founded in 1843 and is based in Voss, Norway.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Stig Gunnar Røthe
Employees27
HeadquartersVangsgata 24, Voss, Norway, 5700, Norway
Websitehttps://vekselbanken.no

Leadership

Mr. Stig Gunnar RøtheCEO & MD of Banking - AFR
Ms. Solfrid Dagestad MidttunHead of PM Department & Employee Representative Director
Ms. Hege SolbakkenMD & Director
Bard GjerdeChief Financial Officer
Tore SalenRisk & Compliance Manager
Leidulv FindenDepartment Head of Insurance & Insurance Manager
Asgeir RognebakkeFinance controller & ICT manager

Financials

Income Statement

Currency: NOK	2000-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	2000-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	77.38M	65.44M	70.73M	86.81M	122.59M	166.51M	133.74M	131.07M	137.38M	153.79M	154.77M	174.11M	129.54M	127.71M	126.46M	154.31M	186.21M	166.16M	144.36M	197.41M	338.07M	401.34M	197.54M
Growth (%)	-	-15.43%	+8.09%	+22.73%	+41.22%	+35.83%	-19.68%	-2.00%	+4.82%	+11.95%	+0.64%	+12.49%	-25.60%	-1.41%	-0.97%	+22.02%	+20.67%	-10.77%	-13.12%	+36.75%	+71.25%	+18.72%	-50.78%
Cost of Revenue	-	-	-	-	-	108.98M	59.82M	59.59M	69.28M	76.52M	76.85M	80.88M	59.02M	39.56M	43.75M	51.44M	74.87M	59.51M	34.66M	65.45M	162.40M	209.61M	-
Gross Profit	-	-	-	-	-	57.54M	73.92M	71.48M	68.10M	77.27M	77.92M	93.22M	70.52M	88.15M	82.71M	102.87M	111.35M	106.65M	109.70M	131.97M	175.67M	191.74M	-
Gross Margin	-	-	-	-	-	34.55%	55.27%	54.54%	49.57%	50.24%	50.34%	53.54%	54.44%	69.03%	65.40%	66.66%	59.79%	64.19%	75.99%	66.85%	51.96%	47.77%	-
Operating Expense	-	-	-	-	-	36.97M	43.45M	39.18M	43.01M	49.42M	47.72M	48.82M	47.17M	51.76M	53.56M	50.75M	50.87M	63.60M	51.70M	61.46M	74.59M	73.70M	-
Operating Income	58.98M	38.27M	43.45M	57.92M	92.48M	20.57M	30.47M	32.30M	25.09M	27.85M	30.20M	44.41M	23.34M	36.39M	29.15M	52.12M	60.48M	43.05M	58.00M	70.50M	101.08M	118.04M	-
Operating Margin	76.22%	58.48%	61.42%	66.73%	75.44%	12.35%	22.78%	24.64%	18.27%	18.11%	19.51%	25.51%	18.02%	28.49%	23.05%	33.78%	32.48%	25.91%	40.18%	35.71%	29.90%	29.41%	-
EBITDA	-	-	-	-	-	21.05M	31.16M	33.59M	27.48M	34.08M	36.80M	51.34M	30.32M	43.37M	36.20M	55.14M	61.58M	45.04M	59.80M	72.03M	102.50M	119.31M	-
EBITDA Margin	-	-	-	-	-	12.64%	23.30%	25.63%	20.00%	22.16%	23.78%	29.48%	23.41%	33.96%	28.62%	35.73%	33.07%	27.11%	41.42%	36.49%	30.32%	29.73%	-
Net Income	-	16.44M	19.24M	22.43M	21.37M	13.87M	23.42M	23.60M	17.43M	20.86M	22.79M	33.92M	16.80M	28.64M	20.32M	39.56M	46.75M	33.26M	44.60M	54.20M	77.65M	90.78M	88.64M
Net Income Margin	-	25.12%	27.21%	25.84%	17.43%	8.33%	17.51%	18.01%	12.69%	13.56%	14.73%	19.49%	12.97%	22.43%	16.07%	25.64%	25.11%	20.01%	30.90%	27.45%	22.97%	22.62%	44.87%
Interest Expense	0	0	0	0	0	108.98M	59.82M	59.59M	69.28M	76.52M	76.85M	80.88M	59.02M	39.56M	43.75M	51.44M	74.87M	59.51M	34.66M	65.45M	162.40M	209.61M	216.58M
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	65.45%	44.73%	45.46%	50.43%	49.76%	49.66%	46.46%	45.56%	30.97%	34.60%	33.34%	40.21%	35.81%	24.01%	33.15%	48.04%	52.23%	109.64%

Balance Sheet

Currency: NOK	2000-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	2000-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.05B	1.50B	1.72B	2.02B	2.24B	2.49B	2.72B	2.90B	3.18B	3.38B	3.54B	4.03B	3.75B	4.26B	4.56B	5.15B	5.51B	5.81B	5.75B	5.86B	6.27B	6.49B	7.03B
Total Liabilities	926.48M	1.34B	1.55B	1.83B	2.03B	2.27B	2.48B	2.64B	2.89B	3.07B	3.21B	3.69B	3.39B	3.88B	4.17B	4.67B	4.94B	5.21B	5.13B	5.17B	5.54B	5.72B	6.19B
Total Equity	124.78M	163.33M	177.06M	194.68M	210.35M	220.65M	236.99M	255.83M	293.05M	308.05M	328.14M	347.88M	360.05M	380.73M	398.68M	485.89M	566.59M	599.56M	621.46M	693.61M	724.10M	775.63M	840.35M
Cash	23.54M	73.90M	98.97M	163.40M	168.22M	247.01M	109.29M	75.35M	164.68M	72.36M	102.94M	71.39M	76.64M	77.12M	74.05M	12.08M	14.04M	10.87M	80.38M	76.81M	77.93M	81.05M	82.56M
Total Debt	-	-	-	-	-	25.00M	672.00M	682.00M	765.54M	816.59M	842.32M	827.87M	468.52M	871.20M	1.22B	1.39B	1.38B	1.26B	1.12B	1.05B	1.11B	1.01B	-
Net Debt	-	-	-	-	-	-222.01M	562.71M	606.65M	600.86M	744.23M	739.37M	756.49M	391.89M	794.08M	1.14B	1.38B	1.37B	1.25B	1.04B	973.30M	1.03B	933.67M	1.02B

Cash Flow

Currency: NOK	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-	-	-	-	137.02M	-96.02M	-62.81M	-9.10M	36.71M	-55.33M	157.32M	-112.99M	-361.68M	-454.59M	5.74M	65.22M	209.22M	-7.29M	124.44M	173.50M	93.32M	20.33M
Investing Cash Flow	-	-	-	-	2.31M	-94.16M	37.14M	108.29M	-36.26M	-1.72M	1.79M	-9.96M	40.14M	374.00K	-11.08M	310.00K	7.01M	4.38M	-29.91M	-8.04M	980.00K	56.08M
Financing Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	376.05M	317.93M	178.85M	3.22M	-196.76M	-134.07M	-82.11M	-48.22M	-192.17M	-26.46M
Capital Expenditure	0	0	0	0	3.04M	7.71M	1.40M	9.15M	26.30M	4.58M	767.00K	825.00K	772.00K	1.60M	103.00K	2.57M	105.00K	513.00K	513.00K	1.30M	3.86M	6.72M
Free Cash Flow	-	-	-	-	133.98M	-103.73M	-64.21M	-18.25M	10.42M	-59.91M	156.55M	-113.81M	-362.45M	-456.19M	5.63M	62.65M	209.22M	-7.29M	123.92M	172.20M	89.21M	13.61M
Dividends Paid	-	-	-	-	-	-	-	-	-	-	-	-	6.65M	9.03M	6.65M	14.25M	22.70M	22.70M	22.15M	23.14M	31.20M	36.36M
FCF to OCF	-	-	-	-	97.78%	108.03%	102.23%	200.63%	28.37%	108.28%	99.51%	100.73%	100.21%	100.35%	98.20%	96.06%	100.00%	100.00%	99.59%	99.25%	95.60%	66.95%
Dividend Paid to FCF	-	-	-	-	-	-	-	-	-	-	-	-	-1.83%	-1.98%	118.08%	22.75%	10.85%	-311.32%	17.87%	13.44%	34.97%	267.16%

Earnings

Report Date	Mar 31, 2008	Jun 30, 2008	Sep 30, 2008	Dec 31, 2008	Mar 31, 2009	Jun 30, 2009	Sep 30, 2009	Dec 31, 2009	Mar 31, 2010	Jun 30, 2010	Sep 30, 2010	Dec 31, 2010	Mar 31, 2011	Jun 30, 2011	Sep 30, 2011	Dec 31, 2011	Mar 31, 2012	Jun 30, 2012	Sep 30, 2012	Dec 31, 2012	Mar 31, 2013	Jun 30, 2013	Sep 30, 2013	Dec 31, 2013	Apr 30, 2014	Aug 20, 2014	Oct 29, 2014	Jan 28, 2015	Apr 22, 2015	Aug 19, 2015	Oct 29, 2015	Jan 27, 2016	Apr 20, 2016	Aug 24, 2016	Oct 19, 2016	Jan 23, 2017	Apr 28, 2017	Aug 16, 2017	Oct 18, 2017	Jan 30, 2018	Apr 23, 2018	Aug 22, 2018	Oct 24, 2018	Jan 30, 2019	Apr 30, 2019	Aug 14, 2019	Oct 23, 2019	Jan 29, 2020	Apr 29, 2020	Aug 12, 2020	Oct 20, 2020	Feb 9, 2021	Apr 27, 2021	Aug 10, 2021	Oct 26, 2021	Feb 9, 2022	May 10, 2022	Aug 9, 2022	Oct 25, 2022	Feb 8, 2023	May 10, 2023	Aug 14, 2023	Nov 15, 2023	Feb 13, 2024	May 15, 2024	Aug 14, 2024	Oct 30, 2024	Feb 12, 2025	May 14, 2025	Aug 13, 2025	Oct 29, 2025	Feb 11, 2026	May 13, 2026	Aug 11, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.56	3.71	3.67	2.26	3.18	3.62	3.75	2.34	5.32	3.09	3.52	2.62	3.66	4.05	4.18	3.25	4.96	4.13	4.64	4.30	5.76	5.57	5.59	4.59	4.65	4.72	4.82	4.15	5.58	4.88	5.30	4.86	6.23	5.73	6.64	6.37	9.30	7.46	9.30	8.02	10.81	8.63	11.56	9.95	11.33	10.27	8.66	9.24	9.07
EPS Actual	1.96	3.34	1.59	0.41	1.45	3.95	4.04	2.87	3.26	3.70	2.84	2.61	2.06	2.66	0.74	3.71	4.32	2.29	2.30	2.07	1.60	2.54	4.04	3.80	3.56	7.07	4.44	2.78	1.31	1.67	2.39	3.47	2.03	5.86	3.45	3.73	2.45	4.76	4.06	4.69	1.98	5.39	6.56	4.48	4.94	6.30	6.50	5.87	3.02	4.22	5.18	2.56	4.84	5.57	4.59	5.42	3.91	7.40	6.05	6.80	5.99	9.03	9.65	13.30	11.37	11.78	13.15	12.16	8.52	11.41	8.31	9.96	6.96	10.06
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55.04%	19.68%	-24.25%	-42.04%	-47.48%	-33.98%	-7.47%	-13.25%	10.15%	11.65%	5.97%	-6.49%	30.05%	0.25%	12.20%	-39.08%	8.67%	58.84%	-3.45%	14.88%	9.38%	16.70%	5.01%	-34.20%	-9.25%	9.75%	-46.89%	16.63%	-0.18%	-5.94%	2.26%	-19.55%	18.78%	5.58%	2.41%	-5.97%	-2.90%	29.36%	43.01%	41.77%	8.97%	52.38%	5.19%	-14.37%	0.71%	-19.08%	15.01%	-24.68%	10.92%
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	-	-	Pre-market	-	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	Pre-market	Pre-market	After-hours	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours

Key Statistics & Ratios

Market Cap934.38M

Enterprise Value1.33B

Trailing P/E12.31

Forward P/E12.38

PEG Ratio2.84

Price / Sales4.86

Price / Book1.13

EPS34.43

Book Value356.17

Revenue (TTM)192.07M

Gross Profit (TTM)192.07M

Profit Margin43.27%

Operating Margin62.37%

Return on Equity10.20%

Return on Assets1.20%

Shares Outstanding2.20M

Shares Float1.96M

Beta0.30

Dividend Yield4.42%

Dividend Rate18.75

Payout Ratio53.13%

Dividends

20261×

18.75Apr 30, 2026

20251×

16.50Apr 30, 2025

20241×

14.10Apr 26, 2024

20221×

10.05Apr 27, 2022

20211×

10.30Apr 30, 2021

20201×

7.00May 4, 2020

20191×

7.50May 2, 2019

20181×

3.50Apr 26, 2018

20171×

4.75Apr 28, 2017

20161×

3.50Apr 21, 2016

20151×

5.00Apr 23, 2015

20141×

2.65Apr 28, 2014

20131×

2.25Apr 25, 2013

20121×

2.00Apr 19, 2012

20111×

2.60Apr 14, 2011

20101×

2.50Apr 15, 2010

20091×

1.80Apr 2, 2009

20081×

3.10Mar 27, 2008

20071×

3.25Mar 26, 2007

20061×

2.75Mar 27, 2006

20051×

2.50Mar 21, 2005

20041×

1.50Mar 22, 2004

20031×

1.50Mar 24, 2003

20021×

1.75Mar 18, 2002

Stock Splits

May 13, 201420:1