(VIANEWS) – GJENSIDIGE FORSIKR (GJF.OL), SPAREBANKEN MØRE (MORG.OL), ING GROEP N.V. (INGA.AS) 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 kr9.41.
PE Ratio
GJENSIDIGE FORSIKR has a trailing twelve months price to earnings ratio of 18.3. Meaning, the purchaser of the share is investing kr18.3 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%.
Moving Average
GJENSIDIGE FORSIKR’s worth is below its 50-day moving average of kr179.77 and under its 200-day moving average of kr186.77.
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2. 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 kr15.52.
PE Ratio
SPAREBANKEN MØRE has a trailing twelve months price to earnings ratio of 4.9. Meaning, the purchaser of the share is investing kr4.9 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 ongoing quarter and 34.3% for the next.
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3. ING GROEP N.V. (INGA.AS)
24.2% sales growth and 25.17% return on equity
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts. It also offers business lending products; consumer lending products, such as residential mortgage loans, term loans, and other consumer lending loans; and secured and unsecured lending services. in addition, the company provides debt capital market, working capital solutions, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, debt and equity market solutions, payments and cash management, and trade and treasury services, as well as savings, investment, insurance, mortgage, and digital banking services; and SME loans. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.
Earnings Per Share
As for profitability, ING GROEP N.V. has a trailing twelve months EPS of €1.34.
PE Ratio
ING GROEP N.V. has a trailing twelve months price to earnings ratio of 8.99. Meaning, the purchaser of the share is investing €8.99 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 25.17%.
Moving Average
ING GROEP N.V.’s value is above its 50-day moving average of €11.38 and above its 200-day moving average of €11.14.
Sales Growth
ING GROEP N.V.’s sales growth is 21.9% for the present quarter and 24.2% for the next.
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4. NORWEGIAN AIR SHUT (NAS.OL)
19.3% sales growth and 38.52% return on equity
Norwegian Air Shuttle ASA, together with its subsidiaries, provides air travel services in Norway and internationally. It operates short haul point to point domestic and cross border flights services. It is also involved in aircraft financing, leasing, and ownership activities; and cargo activities. It operates a fleet of 70 aircrafts. Norwegian Air Shuttle ASA was founded in 1993 and is headquartered in Fornebu, Norway.
Earnings Per Share
As for profitability, NORWEGIAN AIR SHUT has a trailing twelve months EPS of kr0.93.
PE Ratio
NORWEGIAN AIR SHUT has a trailing twelve months price to earnings ratio of 12.22. Meaning, the purchaser of the share is investing kr12.22 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 38.52%.
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5. PARETO BANK (PARB.OL)
11.2% sales growth and 14.03% return on equity
Pareto Bank ASA offers various banking products and services in Norway. The company accepts corporate deposits. It also offers corporate financing; receivables financing; residential and commercial financing for land and property; ship financing, including corporate and project financing; and other private or housing loans. The company was incorporated in 2007 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, PARETO BANK has a trailing twelve months EPS of kr7.86.
PE Ratio
PARETO BANK has a trailing twelve months price to earnings ratio of 6.36. Meaning, the purchaser of the share is investing kr6.36 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 14.03%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Mar 31, 2023, the estimated forward annual dividend rate is 3.86 and the estimated forward annual dividend yield is 7.63%.
Sales Growth
PARETO BANK’s sales growth for the next quarter is 11.2%.
Yearly Top and Bottom Value
PARETO BANK’s stock is valued at kr50.00 at 22:20 EST, way below its 52-week high of kr59.50 and way above its 52-week low of kr42.05.
Volume
Today’s last reported volume for PARETO BANK is 6623 which is 72.64% below its average volume of 24208.
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