Risk factor
Considerable default risk
Profitability factor
Greatly overvalued vs peers
About
Sbanken ASA, a digital bank, provides various banking products to retail customers and small businesses in Norway. It offers deposit products, such as security deposit accounts and home savings account. The company also provides various loan products, including home, car, consumer, personal, and custody account loans, as well as credit cards and overdraft facilities. In addition, it offers payment services, such as payment of bills, international payments, invoice payments, card transactions, etc.; log-in, security solutions, etc.; and investment products, as well as online banking services. The company was formerly known as Skandiabanken ASA and changed its name to Sbanken ASA in November 2017. Sbanken ASA was founded in 2000 and is headquartered in Bergen, Norway. As of June 14, 2021, Sbanken ASA operates as a subsidiary of DNB Bank ASA.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBITD.
