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Commentary (19 Apr 2024 @ 03:00):

Stats
Today's Volume	20.00
Average Volume	1 756.00
Market Cap	4.66B
EPS	NOK0 ( 2024-02-13 )
Next earnings date	( NOK10.44 ) 2024-05-05
Last Dividend	NOK20.00 ( 2024-03-21 )
Next Dividend	NOK0 ( N/A )
P/E	10.39
ATR14	NOK0 (0.00%)

SpareBank 1 Ringerike Correlation

10 Most Positive Correlations
ZWIPE.OL	0.812
IDEX.OL	0.81
NBX.OL	0.81
HAVI.OL	0.806
DOF.OL	0.802

10 Most Negative Correlations
BWLPG.OL	-0.835
XPLRA.OL	-0.833
SCANA.OL	-0.812

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

SpareBank 1 Ringerike Financials

Annual	2023
Revenue:	NOK1.88B
Gross Profit:	NOK1.89B (100.27 %)
EPS:	NOK28.65

Q4	2023
Revenue:	NOK513.00M
Gross Profit:	NOK513.00M (100.00 %)
EPS:	NOK6.16

Q3	2023
Revenue:	NOK291.00M
Gross Profit:	NOK291.00M (100.00 %)
EPS:	NOK8.45

Q2	2023
Revenue:	NOK259.00M
Gross Profit:	NOK259.00M (100.00 %)
EPS:	NOK6.64

Financial Reports:

No articles found.

SpareBank 1 Ringerike Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
NOK0 (N/A)	NOK0 (N/A)	NOK13.10 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK20.00 (N/A)	NOK0 (N/A)	NOK0 (N/A)	NOK0 (N/A)

SpareBank 1 Ringerike Dividend Information - Dividend Knight

Dividend Sustainability Score: 8.22 - good (82.23%) | Divividend Growth Potential Score: 5.11 - Stable (2.11%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	NOK9.96	2008-03-10
Last Dividend	NOK20.00	2024-03-21
Next Dividend	NOK0	N/A
Payout Date	2024-04-02
Next Payout Date	N/A
# dividends	19	--
Total Paid Out	NOK170.94	--
Avg. Dividend % Per Year	5.75%	--
Score	4.99	--
Div. Sustainability Score	8.22
Div.Growth Potential Score	5.11
Div. Directional Score	6.66	--

Next Divdend (Est)
(2024-12-23)

NOK22.01 Estimate 6.39 %

Dividend Stability

0.26 Very Poor

Dividend Score

4.99

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2008	NOK9.96	6.45%
2009	NOK6.97	5.74%
2010	NOK6.97	5.60%
2011	NOK2.49	1.85%
2012	NOK2.99	2.59%
2013	NOK2.49	2.21%
2014	NOK8.56	7.02%
2015	NOK0.996	0.65%
2016	NOK7.77	4.48%
2017	NOK11.25	6.35%
2018	NOK10.30	5.34%
2019	NOK10.60	5.30%
2020	NOK28.90	12.80%
2021	NOK11.40	4.79%
2022	NOK16.20	4.94%
2023	NOK13.10	3.92%
2024	NOK20.00	6.67%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for OSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
ALNG.OL	Dividend King	2023-11-27	Quarterly	2	6.60%	7.04
OKEA.OL	Dividend Knight	2023-12-01	Quarterly	3	5.65%	6.86
SALM.OL	Dividend Knight	2023-06-09	Annually	17	2.80%	4.97
BWLPG.OL	Dividend Knight	2023-11-17	Quarterly	11	1.68%	4.46
ELK.OL	Dividend Knight	2023-05-02	Annually	6	6.64%	4.31
BWO.OL	Dividend Knight	2023-11-20	Quarterly	14	0.87%	3.96
ATEA.OL	Dividend Knight	2023-11-20	Annually	16	2.97%	3.45
HAFNI.OL	Dividend Knight	2023-11-23	Semi-Annually	5	1.18%	3.31
AKER.OL	Dividend Knight	2023-11-07	Semi-Annually	20	2.99%	3.13
AUSS.OL	Dividend Knight	2023-05-26	Annually	17	3.23%	2.93

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.349	1.500	3.02	4.54	[0 - 0.5]
returnOnAssetsTTM	0.0152	1.200	9.49	10.00	[0 - 0.3]
returnOnEquityTTM	0.105	1.500	9.94	10.00	[0.1 - 1]
payoutRatioTTM	0.458	-1.000	5.42	-5.42	[0 - 1]
currentRatioTTM	1.763	0.800	6.19	4.95	[1 - 3]
quickRatioTTM	0.0678	0.800	-4.31	-3.45	[0.8 - 2.5]
cashRatioTTM	0.582	1.500	7.88	10.00	[0.2 - 2]
debtRatioTTM	0.214	-1.500	6.44	-9.66	[0 - 0.6]
interestCoverageTTM	0.802	1.000	-0.814	-0.814	[3 - 30]
operatingCashFlowPerShareTTM	42.11	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	42.11	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	1.422	-1.500	4.31	-6.47	[0 - 2.5]
grossProfitMarginTTM	1.000	1.000	10.00	10.00	[0.2 - 0.8]
operatingProfitMarginTTM	0.478	1.000	2.44	2.44	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.102	1.000	-0.546	-0.546	[0.2 - 2]
assetTurnoverTTM	0.0436	0.800	-3.04	-2.43	[0.5 - 2]
Total Score				8.22

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	10.17	1.000	9.07	0	[1 - 100]
returnOnEquityTTM	0.105	2.50	9.96	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	42.11	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	6.69	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	42.11	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0.458	1.500	5.42	-5.42	[0 - 1]
pegRatioTTM	-0.116	1.500	-4.11	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.499	1.000	0.0156	0	[0.1 - 0.5]
Total Score				5.11

SpareBank 1 Ringerike

SpareBank 1 Ringerike Hadeland provides various banking products and services to private and corporate customers in Norway. The company offers saving, current, deposit, and currency accounts; vehicle, house and travel, and animal insurance products, as well as life, child, disability, critical illness, accident, health, and business and personal insurance products; mobile and online banking services; and debit and credit cards. It also provides mortgages; car, boat, and other vehicles; consumer and other loans; and bank guarantees, corporate and construction loans, liquidity loans with a government guarantee, and operating credit for agriculture, as well as factoring, leasing, and overdraft services. In addition, the company offers services for buying and selling property; accounting services; pension products; and savings and investment products. The company was founded in 1833 and is based in Hønefoss, Norway.