(VIANEWS) – MAGNORA (MGN.OL), GJENSIDIGE FORSIKR (GJF.OL), SPAREBANKEN MØRE (MORG.OL) are the highest sales growth and return on equity stocks on this list.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option?
1. MAGNORA (MGN.OL)
990.5% sales growth and 10.56% return on equity
Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar photovoltaic (PV) projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.
Earnings Per Share
As for profitability, MAGNORA has a trailing twelve months EPS of kr0.75.
PE Ratio
MAGNORA has a trailing twelve months price to earnings ratio of 41.13. Meaning, the purchaser of the share is investing kr41.13 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.56%.
More news about MAGNORA.
2. GJENSIDIGE FORSIKR (GJF.OL)
83.1% sales growth and 21.65% return on equity
Gjensidige Forsikring ASA provides general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, and Pension. It offers motor, accident and health, travel, leisure craft, valuables, liability, commercial, marine/transport, agriculture, natural perils, life, and pet insurance products. The company also provides defined contribution occupational pension schemes for businesses, which include disability pension, spouse/cohabitant pension, and child's pension products. It distributes its products through various distribution channels comprising office channel, call center, Internet, partners, and brokers to private and commercial customers. The company was founded in 1816 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, GJENSIDIGE FORSIKR has a trailing twelve months EPS of kr9.41.
PE Ratio
GJENSIDIGE FORSIKR has a trailing twelve months price to earnings ratio of 18.79. Meaning, the purchaser of the share is investing kr18.79 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 21.65%.
More news about GJENSIDIGE FORSIKR.
3. SPAREBANKEN MØRE (MORG.OL)
34.3% sales growth and 10.71% return on equity
Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers in Norway. It operates through Retail and Real Estate Brokerage segments. The company offers services in the areas of financing, deposits and other forms of investments, payment transfers, financial advisory services, asset management, insurance, and real estate brokerage. Sparebanken Møre was founded in 1843 and is headquartered in Ålesund, Norway.
Earnings Per Share
As for profitability, SPAREBANKEN MØRE has a trailing twelve months EPS of kr15.59.
PE Ratio
SPAREBANKEN MØRE has a trailing twelve months price to earnings ratio of 4.83. Meaning, the purchaser of the share is investing kr4.83 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.71%.
Sales Growth
SPAREBANKEN MØRE’s sales growth is 28.7% for the current quarter and 34.3% for the next.
Moving Average
SPAREBANKEN MØRE’s value is below its 50-day moving average of kr76.98 and under its 200-day moving average of kr77.13.
More news about SPAREBANKEN MØRE.
4. MONTEA (MONT.BR)
25.8% sales growth and 10.57% return on equity
Montea NV is a public regulated real estate company under Belgian law (GVV/SIR) that specialises in logistical property in Belgium, the Netherlands, France, and Germany. The company is a benchmark player in this market. Montea literally offers its customers the space they need to grow through versatile and innovative property solutions. In this way, Montea creates value for its shareholders. As of 31/03/2023 the property portfolio represented a total space of 1,889,054 m² spread across 92 locations. Montea NV has been listed on Euronext Brussels (MONT) and Euronext Paris (MONTP) since the end of 2006.
Earnings Per Share
As for profitability, MONTEA has a trailing twelve months EPS of €7.57.
PE Ratio
MONTEA has a trailing twelve months price to earnings ratio of 10.15. Meaning, the purchaser of the share is investing €10.15 for every euro of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.57%.
Yearly Top and Bottom Value
MONTEA’s stock is valued at €76.80 at 17:20 EST, way below its 52-week high of €101.80 and way above its 52-week low of €62.20.
Volume
Today’s last reported volume for MONTEA is 669 which is 96.3% below its average volume of 18116.
Moving Average
MONTEA’s value is higher than its 50-day moving average of €76.75 and higher than its 200-day moving average of €73.28.
Earnings Before Interest, Taxes, Depreciation, and Amortization
MONTEA’s EBITDA is 19.41.
More news about MONTEA.
5. SPBK 1 ØSTLANDET (SPOL.OL)
25% sales growth and 10.98% return on equity
SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, the public sector, clubs, and societies. The company operates through Retail, Corporate, and Organisation Market and Capital Market segments. The Retail segment provides financial services comprising of savings, money transfer, insurance, accident prevention, financing, money transfer, capital, and investment management services. The Corporate segment offers interest rate, currency hedging, and investment related services, as well as insurance services for property. The Organisation Market and Capital Market segment provides risk based advisory solutions to high-net-worth individuals and corporates, as well as engages in foreign currency services. SpareBank 1 Østlandet was founded in 1845 and is headquartered in Hamar, Norway. The company operates as a subsidiary of Sparebankstiftelsen Hedmark.
Earnings Per Share
As for profitability, SPBK 1 ØSTLANDET has a trailing twelve months EPS of kr12.06.
PE Ratio
SPBK 1 ØSTLANDET has a trailing twelve months price to earnings ratio of 10.63. Meaning, the purchaser of the share is investing kr10.63 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.98%.
Sales Growth
SPBK 1 ØSTLANDET’s sales growth is 44.6% for the present quarter and 25% for the next.
More news about SPBK 1 ØSTLANDET.
