(VIANEWS) – GJENSIDIGE FORSIKR (GJF.OL), SPAREBANK 1 SMN (MING.OL), SPBK1 RINGERIKE (RING.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. 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 kr9.33.
PE Ratio
GJENSIDIGE FORSIKR has a trailing twelve months price to earnings ratio of 19.4. Meaning, the purchaser of the share is investing kr19.4 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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 32%, now sitting on 35.36B for the twelve trailing months.
Sales Growth
GJENSIDIGE FORSIKR’s sales growth for the next quarter is 83.1%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 101.2% and 45.2%, respectively.
More news about GJENSIDIGE FORSIKR.
2. SPAREBANK 1 SMN (MING.OL)
22.5% sales growth and 11.54% return on equity
SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. The company offers mortgage, car, boat, other vehicles, and consumer loans; refinancing; and current, savings, billing, business, group, tax deduction, currency, and deposit accounts. It also provides BSU house savings for young people; fixed interest deposits; stocks and investments; cash services; and payments. In addition, the company offers vehicle, housing and travel, person, animal, and valuables insurance services; property buying and selling advisory services; and mobile and online banking, and various cards. Further, it offers loans and financing, including bank guarantees, business and construction loans, operating credit for agriculture, factoring, guarantees, leasing, and overdrafts; various pension products; and business and personal insurance products. Additionally, the company provides document collection, letter of credit, future business, and currency option services; and services, including accounting and payroll, HR, taxes and duties, and transfer of ownership, as well as IT solutions. It offers real estate agency, advisory, and external and equity financing services. SpareBank 1 SMN was founded in 1823 and is headquartered in Trondheim, Norway.
Earnings Per Share
As for profitability, SPAREBANK 1 SMN has a trailing twelve months EPS of kr11.2.
PE Ratio
SPAREBANK 1 SMN has a trailing twelve months price to earnings ratio of 11.7. Meaning, the purchaser of the share is investing kr11.7 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 11.54%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 29, 2023, the estimated forward annual dividend rate is 6.5 and the estimated forward annual dividend yield is 4.81%.
Moving Average
SPAREBANK 1 SMN’s worth is higher than its 50-day moving average of kr130.23 and higher than its 200-day moving average of kr122.90.
Sales Growth
SPAREBANK 1 SMN’s sales growth is 4.7% for the current quarter and 22.5% for the next.
Yearly Top and Bottom Value
SPAREBANK 1 SMN’s stock is valued at kr131.00 at 02:20 EST, under its 52-week high of kr139.00 and way above its 52-week low of kr107.60.
More news about SPAREBANK 1 SMN.
3. SPBK1 RINGERIKE (RING.OL)
18.3% sales growth and 9.9% return on equity
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.
Earnings Per Share
As for profitability, SPBK1 RINGERIKE has a trailing twelve months EPS of kr25.79.
PE Ratio
SPBK1 RINGERIKE has a trailing twelve months price to earnings ratio of 12.8. Meaning, the purchaser of the share is investing kr12.8 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 9.9%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 17.4%, now sitting on 931M for the twelve trailing months.
Moving Average
SPBK1 RINGERIKE’s value is below its 50-day moving average of kr330.76 and above its 200-day moving average of kr324.91.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 27.9% and 33.5%, respectively.
More news about SPBK1 RINGERIKE.
4. MEDISTIM (MEDI.OL)
16.7% sales growth and 31.89% return on equity
Medistim ASA develops, produces, services, leases, and distributes medical devices for cardio-vascular surgery in the United States, Europe, Asia, and internationally. It offers MiraQ Cardiac, a system that combines ultrasound imaging and transit time flow measurement (TTFM) in a single system for cardiac surgery; MiraQ Vascular, a system that combines ultrasound imaging and transit TTFM in a single system for vascular surgery; and imaging probes for intraoperative use. The company also provides various flow probes, such as QuickFit TTFM probes to accurately measure blood volume flow intraoperatively in various range of surgical applications; Vascular TTFM probes for enhancing surgical outcomes; and doppler probes that are used on the surface of the heart/vessel to search for intramural coronary arteries or to locate the position and quantify the degree of a stenosis. In addition, it distributes and sells third party medical equipment. The company was incorporated in 1984 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, MEDISTIM has a trailing twelve months EPS of kr6.62.
PE Ratio
MEDISTIM has a trailing twelve months price to earnings ratio of 42.45. Meaning, the purchaser of the share is investing kr42.45 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 31.89%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
MEDISTIM’s EBITDA is 8.9.
Revenue Growth
Year-on-year quarterly revenue growth grew by 11.3%, now sitting on 499.39M for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Apr 25, 2023, the estimated forward annual dividend rate is 4.5 and the estimated forward annual dividend yield is 1.54%.
More news about MEDISTIM.
5. SPBK 1 NORDMØRE (SNOR.OL)
7.1% sales growth and 9.57% return on equity
SpareBank 1 Nordmøre provides various banking services in Norway. The company offers savings and deposit accounts; car, motorcycle, boat, and construction loans; and mortgages. It also provides business insurance products, which include liability, auto, mortgage, operating loss, asset, commercial, and project insurance products; personal insurance products, such as life, travel, and accidental insurance products; pension products; bank cards; payment and debt collection services; and mobile and online banking services. In addition, the company offers bank guarantees, trade credit products, and operating credit products for agriculture, as well as factoring, leasing, and repayment products and services. The company was founded in 1835 and is based in Kristiansund, Norway. SpareBank 1 Nordmøre is a subsidiary of SpareBank 1 Gruppen AS.
Earnings Per Share
As for profitability, SPBK 1 NORDMØRE has a trailing twelve months EPS of kr13.68.
PE Ratio
SPBK 1 NORDMØRE has a trailing twelve months price to earnings ratio of 8.85. Meaning, the purchaser of the share is investing kr8.85 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 9.57%.
More news about SPBK 1 NORDMØRE.
