(VIANEWS) – SPAREBANKEN ØST (SPOG.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. SPAREBANKEN ØST (SPOG.OL)
29.1% sales growth and 7.22% return on equity
Sparebanken Øst operates as a savings bank in Eastern Norway. The company offers financial products, such as savings, credit, and payment products; current account; mortgages on homes; and debenture financing of vehicles, as well as services in the areas of financing, savings and investment, and money-transfer. It also distributes insurance, fund shares, interest rate hedging, and currency, as well as operates, manages, leases, and sells real estate properties. The company was founded in 1843 and is headquartered in Drammen, Norway.
Earnings Per Share
As for profitability, SPAREBANKEN ØST has a trailing twelve months EPS of kr5.19.
PE Ratio
SPAREBANKEN ØST has a trailing twelve months price to earnings ratio of 9.13. Meaning, the purchaser of the share is investing kr9.13 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 7.22%.
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2. 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 kr15.52.
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%.
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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 €1.33.
PE Ratio
ING GROEP N.V. has a trailing twelve months price to earnings ratio of 9.64. Meaning, the purchaser of the share is investing €9.64 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 way above its 50-day moving average of €11.38 and way higher than its 200-day moving average of €11.14.
Yearly Top and Bottom Value
ING GROEP N.V.’s stock is valued at €12.83 at 12:20 EST, below its 52-week high of €13.55 and way above its 52-week low of €8.43.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 45.2% and 76.9%, respectively.
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4. SPAREBANK 1 SØRØ (SOON.OL)
18.8% sales growth and 10.73% return on equity
SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway. The company offers mobile and online banking, card, account, and payment services. It also provides mortgage, car, boat, consumer, and other vehicle loans as well as refinancing, micro savings, investment, pension, and property related services. In addition, the company offers daily operations, get paid, loans and financing, and pension related products. Further, it provides business and personnel insurance as well as savings and investment products. The company was founded in 1859 and is headquartered in Sandefjord, Norway.
Earnings Per Share
As for profitability, SPAREBANK 1 SØRØ has a trailing twelve months EPS of kr4.79.
PE Ratio
SPAREBANK 1 SØRØ has a trailing twelve months price to earnings ratio of 10.27. Meaning, the purchaser of the share is investing kr10.27 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 10.73%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 39.5%, now sitting on 2.79B for the twelve trailing months.
Sales Growth
SPAREBANK 1 SØRØ’s sales growth for the next quarter is 18.8%.
Yearly Top and Bottom Value
SPAREBANK 1 SØRØ’s stock is valued at kr49.20 at 12:20 EST, way below its 52-week high of kr57.40 and higher than its 52-week low of kr47.40.
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5. PARETO BANK (PARB.OL)
11.2% sales growth and 14.03% return on equity
Pareto Bank ASA provides 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. Pareto Bank ASA 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 6.41. Meaning, the purchaser of the share is investing kr6.41 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%.
Volume
Today’s last reported volume for PARETO BANK is 7778 which is 62.68% below its average volume of 20844.
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6. ASML HOLDING (ASML.AS)
9.6% sales growth and 74.04% return on equity
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies. It also offers metrology and inspection systems, including YieldStar optical metrology solutions to assess the quality of patterns on the wafers; and HMI e-beam solutions to locate and analyze individual chip defects. In addition, the company provides computational lithography and lithography process and control software solutions; and refurbishes and upgrades older lithography systems, as well as offers customer support and associated services. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
Earnings Per Share
As for profitability, ASML HOLDING has a trailing twelve months EPS of €17.36.
PE Ratio
ASML HOLDING has a trailing twelve months price to earnings ratio of 37.44. Meaning, the purchaser of the share is investing €37.44 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 74.04%.
Volume
Today’s last reported volume for ASML HOLDING is 94203 which is 84.5% below its average volume of 607946.
Earnings Before Interest, Taxes, Depreciation, and Amortization
ASML HOLDING’s EBITDA is 102.55.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Apr 28, 2023, the estimated forward annual dividend rate is 9.5 and the estimated forward annual dividend yield is 1.42%.
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