(VIANEWS) – SPAREBANK 1 SMN (MING.OL), MELHUS SPAREBANK (MELG.OL), NORBIT (NORBT.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. SPAREBANK 1 SMN (MING.OL)
19.2% sales growth and 12.35% 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 kr13.61.
PE Ratio
SPAREBANK 1 SMN has a trailing twelve months price to earnings ratio of 9.54. Meaning, the purchaser of the share is investing kr9.54 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.35%.
Dividend Yield
As maintained 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 4.84%.
Yearly Top and Bottom Value
SPAREBANK 1 SMN’s stock is valued at kr129.80 at 01:20 EST, way under its 52-week high of kr147.40 and way higher than its 52-week low of kr108.80.
Moving Average
SPAREBANK 1 SMN’s value is below its 50-day moving average of kr139.63 and under its 200-day moving average of kr135.07.
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2. MELHUS SPAREBANK (MELG.OL)
15.6% sales growth and 10.56% return on equity
Melhus Sparebank, a savings bank, provides various banking products and services to companies, agriculture customers, and private individuals in Norway. The company offers savings accounts; construction and business loans; bank guarantee, overdraft, and leasing services; and credit and bank cards. It also provides various insurance products for liability, health, personnel, occupational injury, travel, accident, business, store, data attack, property damage, craftsman, homeowners, office, vehicle, and farms; savings and pension products; payment services; and online and mobile banking services. The company operates through branch offices in central Trondheim, Heimdal, Ler, and Korsvegen. Melhus Sparebank was founded in 1840 and is headquartered in Melhus, Norway.
Earnings Per Share
As for profitability, MELHUS SPAREBANK has a trailing twelve months EPS of kr16.45.
PE Ratio
MELHUS SPAREBANK has a trailing twelve months price to earnings ratio of 9.73. Meaning, the purchaser of the share is investing kr9.73 for every norwegian krone of annual earnings.
Return on Equity
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%.
Sales Growth
MELHUS SPAREBANK’s sales growth is 16.3% for the current quarter and 15.6% for the next.
Yearly Top and Bottom Value
MELHUS SPAREBANK’s stock is valued at kr160.00 at 01:20 EST, below its 52-week high of kr177.00 and above its 52-week low of kr151.00.
Moving Average
MELHUS SPAREBANK’s value is higher than its 50-day moving average of kr158.32 and under its 200-day moving average of kr160.94.
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3. NORBIT (NORBT.OL)
9.7% sales growth and 27.5% return on equity
Norbit ASA provides technology products and solutions. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, bathymetry systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging systems for obstacle avoidance/MCM, and above water laser products under the NORBIT WINGHEAD, NORBIT WBMS, NORBIT NORdredge, and NORBIT FLS names; customized cable assemblies, electromechanical box builds, and operational solutions; SeaCOP, a sensor integration platform and user interface common operational picture for emergency response; SECurus provides thermal and daylight stabilized camera solutions; SeaView, which offers thermal and daylight, pan, tilt, and zoom for environmental monitoring, and security and general surveillance; and SeaDarQ, a radar processing solution. It also provides sensing solutions for detecting threats at sea plus waterside security above and below the surface; FCL600, an underwater light solution for aquaculture industry; iData, which offers vehicle monitoring, telematics services, and fleet management for asset and vehicle management; and dedicated short-range communication technology for traffic system and vehicle application. In addition, the company offers research and development services, and contract manufacturing to industrial customers; and sells products based on proprietary technology, including special instrumentation n based on radar, radio frequency, and embedded signal processing technology. The company was founded in 1995 and is headquartered in Trondheim, Norway.
Earnings Per Share
As for profitability, NORBIT has a trailing twelve months EPS of kr2.9.
PE Ratio
NORBIT has a trailing twelve months price to earnings ratio of 19.24. Meaning, the purchaser of the share is investing kr19.24 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 27.5%.
Yearly Top and Bottom Value
NORBIT’s stock is valued at kr55.80 at 01:20 EST, way below its 52-week high of kr67.00 and way above its 52-week low of kr26.00.
Earnings Before Interest, Taxes, Depreciation, and Amortization
NORBIT’s EBITDA is 26.51.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 145% and 1.5%, respectively.
More news about NORBIT.
4. MEDISTIM (MEDI.OL)
5.8% sales growth and 32.37% 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 kr6.4.
PE Ratio
MEDISTIM has a trailing twelve months price to earnings ratio of 30.47. Meaning, the purchaser of the share is investing kr30.47 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 32.37%.
Yearly Top and Bottom Value
MEDISTIM’s stock is valued at kr195.00 at 01:20 EST, way under its 52-week high of kr312.50 and way higher than its 52-week low of kr170.50.
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 2.34%.
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5. AXACTOR (ACR.OL)
5.2% sales growth and 9.72% return on equity
Axactor ASA, through its subsidiaries, operates as a debt management and collection company in Sweden, Finland, Germany, Italy, Norway, and Spain. It operates through two segments: Non-performing Loans and Third-Party Collection. The Non-performing Loans segment invests in portfolios of non-performing loans collected through amicable or legal proceedings. The Third-Party Collection segment provides debt collection services on behalf of third-party clients, which applies amicable and legal proceedings to collect the non-performing loans. This segment is also involved in helping creditors to prepare documentation for future legal proceedings against debtors; and handling of invoices between the invoice date and the default date and sending out reminders. Axactor ASA was incorporated in 1982 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, AXACTOR has a trailing twelve months EPS of kr1.57.
PE Ratio
AXACTOR has a trailing twelve months price to earnings ratio of 3.21. Meaning, the purchaser of the share is investing kr3.21 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.72%.
Moving Average
AXACTOR’s value is below its 50-day moving average of kr5.43 and way below its 200-day moving average of kr5.94.
Earnings Before Interest, Taxes, Depreciation, and Amortization
AXACTOR’s EBITDA is 989.79.
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