(VIANEWS) – SPAREBANKEN MØRE (MORG.OL), KITRON (KIT.OL), VOLUE (VOLUE.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. SPAREBANKEN MØRE (MORG.OL)
28.7% 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 kr15.73.
PE Ratio
SPAREBANKEN MØRE has a trailing twelve months price to earnings ratio of 4.84. Meaning, the purchaser of the share is investing kr4.84 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%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 30, 2023, the estimated forward annual dividend rate is 4 and the estimated forward annual dividend yield is 5.23%.
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2. KITRON (KIT.OL)
19.8% sales growth and 24.07% return on equity
Kitron ASA operates as an electronics manufacturing services company in Norway, Sweden, rest of Europe, the United States, and internationally. It manufactures electronics that are embedded in the customers' products; and box-built electronic products. The company's services include development services, such as product development, product management, and re-engineering services; and industrialization services, including prototype manufacturing, evaluation of new products, component engineering and database, test development, design and build of high level assembly lines, and environmental durability testing. Its services also comprise sourcing and procurement services; manufacturing, assembling, and testing of electronic products for the professional market; redesign, repair, and maintenance; and logistics and distribution services. The company was incorporated in 1996 and is headquartered in Billingstad, Norway.
Earnings Per Share
As for profitability, KITRON has a trailing twelve months EPS of kr2.16.
PE Ratio
KITRON has a trailing twelve months price to earnings ratio of 19.47. Meaning, the purchaser of the share is investing kr19.47 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 24.07%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on May 2, 2023, the estimated forward annual dividend rate is 0.5 and the estimated forward annual dividend yield is 1.22%.
Volume
Today’s last reported volume for KITRON is 194441 which is 66.52% below its average volume of 580793.
Yearly Top and Bottom Value
KITRON’s stock is valued at kr42.05 at 17:20 EST, way under its 52-week high of kr47.20 and way higher than its 52-week low of kr17.38.
Sales Growth
KITRON’s sales growth is 24.7% for the ongoing quarter and 19.8% for the next.
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3. VOLUE (VOLUE.OL)
17.4% sales growth and 3.91% return on equity
Volue ASA, together with its subsidiaries, engages in the provision of software and technology solutions for the energy, power grid, and infrastructure markets worldwide. It operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segment offers software solutions and consulting services related to forecasting and optimization of the different energy markets that enables end-to-end optimization of the green energy value-chain. The Power Grid segment provides software solutions and consulting services that enables power distributors to support electrification of society by unlocking flexibility and digital management of the power grid. The Infrastructure segment offers software solutions and consulting services that delivers flexible solutions for digital water management. This segment is also involved in the automation of processes and machines for the construction industry. Volue ASA was incorporated in 2019 and is headquartered in Oslo, Norway. Volue ASA operates as a subsidiary of Arendals Fossekompani ASA.
Earnings Per Share
As for profitability, VOLUE has a trailing twelve months EPS of kr0.22.
PE Ratio
VOLUE has a trailing twelve months price to earnings ratio of 82.18. Meaning, the purchaser of the share is investing kr82.18 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 3.91%.
Yearly Top and Bottom Value
VOLUE’s stock is valued at kr18.08 at 17:20 EST, way under its 52-week high of kr33.45 and way higher than its 52-week low of kr16.00.
Revenue Growth
Year-on-year quarterly revenue growth grew by 18.7%, now sitting on 1.27B for the twelve trailing months.
Sales Growth
VOLUE’s sales growth is 15.3% for the current quarter and 17.4% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
VOLUE’s EBITDA is 1.72.
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4. SANDNES SPAREBANK (SADG.OL)
17% sales growth and 8.32% return on equity
Sandnes Sparebank, an independent savings bank, provides a range of banking and investment products to retail and corporate customers in Norway. It operates through three segments: Retail Market, Corporate Market, and Real Estate. The company offers fixed rate deposits, deposit accounts, BSU, and tax withholding and other accounts; child, death, income, critical illness, disability, car, home, cabin, contents, UNG, and other insurance products; and pension solutions. It also provides bank guarantee, overdrafts, leasing, construction and business loans, factoring and invoice sales; fixed interest, mortgage, car, and other vehicle loans, as well as small loans and refinancing, and green loans; bank and credit cards; various loans and guarantees; and mobile and internet banking services. In addition, the company offers real estate brokerage and general investment advisory services. Sandnes Sparebank was founded in 1875 and is headquartered in Sandnes, Norway.
Earnings Per Share
As for profitability, SANDNES SPAREBANK has a trailing twelve months EPS of kr7.99.
PE Ratio
SANDNES SPAREBANK has a trailing twelve months price to earnings ratio of 10.69. Meaning, the purchaser of the share is investing kr10.69 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 8.32%.
Volume
Today’s last reported volume for SANDNES SPAREBANK is 1469 which is 79.2% below its average volume of 7063.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 29, 2023, the estimated forward annual dividend rate is 6.05 and the estimated forward annual dividend yield is 7.15%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 17% and 20%, respectively.
Yearly Top and Bottom Value
SANDNES SPAREBANK’s stock is valued at kr85.40 at 17:20 EST, way under its 52-week high of kr101.00 and higher than its 52-week low of kr81.00.
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