Equities

Morrow Bank ASA

Morrow Bank ASA

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FinancialsBanks
  • Price (NOK)7.70
  • Today's Change0.46 / 6.35%
  • Shares traded618.98k
  • 1 Year change+88.26%
  • Beta--
Data delayed at least 15 minutes, as of Nov 22 2024.
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About the company

Morrow Bank ASA, formerly Komplett Bank ASA, is a Norway-based bank offering convenient payment and financing products to consumers. The Bank is focused on creating value for its customers by offering flexible, convenient financing solutions through efficient, customer friendly processes. Operational efficiency and low cost are foundations for the bank and is enabled by centralized operations, modern systems, and digital set-up. The Bank is pursuing a growth strategy based on geographical and product-wise diversification and expansion. The product portfolio includes consumer loans, credit cards, point-of-sales finance solutions, and high-yield deposit accounts. The Bank operates in Norway, Sweden and Finland.

  • Revenue in NOK (TTM)1.67bn
  • Net income in NOK164.00m
  • Incorporated2012
  • Employees74.00
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
MOBA:OSL since
announced
Transaction
value
Lunar Bank As-Consumer Loan PortfolioAnnounced16 Aug 202416 Aug 2024Announced37.50%151.91m
Qliro Ab-Loan PortfolioDeal completed04 Jul 202404 Jul 2024Deal completed55.87%66.78m
Data delayed at least 15 minutes, as of Nov 22 2024.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Melhus Sparebank657.84m38.28m454.19m69.0012.420.29673.601.3513.1813.18113.13551.38--------1.021.07--------34.5540.15------73.9172.8217.4532.526.97--6.79
Moens Bank A/S-155.49bn141.61m690.37m90.004.880.68764.66--45.5445.54--322.84--------2.011.27----------25.48------8.1873.0413.7786.2823.49--14.87
Nordfyns Bank A/S310.61m171.15m841.50m118.004.880.69024.431.5967.1767.17206.77475.21--------2.181.23--------33.3623.26------10.2461.4412.38382.6724.57-10.19--
Lollands Bank A/S352.17m173.77m948.79m122.005.460.67995.291.81103.48103.48311.93830.95--------2.151.64--------33.1730.52------12.1059.8113.0993.6210.24-8.438.45
Aurskog Sparebank1.04bn93.15m1.12bn73.0011.980.48044.632.3020.1520.15104.76502.61--------1.321.14--------48.7545.85------78.3874.5323.4223.8721.63-40.9712.07
Sparebank 1 Nordmore1.61bn157.87m1.29bn226.008.150.31543.451.2117.4317.43117.29450.24--------1.651.09--------42.3734.61------60.0670.8627.61-10.8437.1627.213.13
Sparebanken Ost2.69bn140.95m1.39bn185.009.890.2842.531.286.806.8052.40236.73--------1.150.8522--------48.2145.42------82.5265.6116.4448.11-1.17-8.833.26
Jaeren Sparebank1.00bn140.88m1.56bn90.0011.070.61075.502.8228.5528.55112.82517.45--------1.521.08--------48.9241.50------63.8370.4017.7127.8813.7269.6716.36
Fynske Bank A/S599.78m217.43m1.65bn202.007.590.75457.201.9518.4418.4471.93185.56--------1.540.8923--------25.6420.98------26.3099.7415.81416.3913.4951.3533.99
Morrow Bank ASA1.67bn164.00m1.66bn74.0010.140.68937.391.370.71390.71395.3110.50--------1.200.7385--------15.047.75------22.1352.154.631,068.84-16.59-3.94--
GroenlandsBANKEN A/S749.40m350.18m1.92bn153.005.470.79375.272.35125.12125.12291.45863.04--------2.491.71--------42.9334.75------39.6785.1813.0695.8814.9825.6612.89
Rogaland Sparebank2.11bn273.16m3.07bn181.0010.200.67256.743.2312.0112.0142.98182.15--------1.190.9447--------45.9842.79--------74.7716.7324.145.65-8.687.60
Data as of Nov 22 2024. Currency figures normalised to Morrow Bank ASA's reporting currency: Norwegian Krone NOK

Institutional shareholders

3.72%Per cent of shares held by top holders
HolderShares% Held
Melesio Capital ASas of 12 Sep 20244.76m2.07%
Praude Asset Management Ltd.as of 29 Feb 20243.35m1.46%
Dimensional Fund Advisors LPas of 07 Nov 2024330.68k0.14%
Dimensional Fund Advisors Ltd.as of 07 Nov 202458.61k0.03%
American Century Investment Management, Inc.as of 07 Nov 202448.39k0.02%
SSgA Funds Management, Inc.as of 07 Nov 20245.27k0.00%
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Data from 29 Feb 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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