Analysis date: 2026-05-31 | Country: NO | Currency: NOK
| Field | Value |
|---|---|
| Rating | Buy |
| Intrinsic Value | 395.0 NOK |
| 24m Target | 370.0 NOK |
| Price at Analysis | 346.0 NOK |
| Buffett Score | 13/20 |
| ROIC | 11.3% |
| Economic Profit | +89.3M NOK |
| Implied Upside (IV) | 14.2% |
Ticker: JAREN.OL | Name: Jæren Sparebank | Country: NO | Sector: Bank/Savings Bank
Jæren Sparebank operates in the Nordic market. ROIC 11.3% vs WACC 8% → EP +89.3M NOK.
Retail and corporate customers pay interest on loans and fees for financial services.
Net interest income (NII) is the primary revenue driver, supplemented by fees and commissions.
ROIC 11.3% vs WACC 8.0% → Economic Profit +89.3M NOK.
Funding cost, credit quality (LLP), and regulatory capital requirements (CET1).
Moat strength: 2/5. Geographic presence, customer loyalty, and local market share.
Volume growth in mortgage and corporate portfolios plus interest rate environment.
Top risks: Credit risk, interest rate risk, Basel IV regulatory requirements, neobank competition.
Conservative credit culture, stable dividend policy, CSRD reporting obligations.
Buy — Jæren Sparebank: Observation candidate, await data and price development.
mttssn research · Jæren Sparebank (JAREN.OL) · 2026-W135 · 2026-05-31