Analysis date: 2026-05-31 | Country: NO | Currency: NOK
| Field | Value |
|---|---|
| Rating | Observe |
| Intrinsic Value | N/A |
| 24m Target | N/A |
| Price at Analysis | 333.0 NOK |
| Buffett Score | 7/20 |
| ROIC | 7.5% |
| Economic Profit | -18.5M NOK |
| Implied Upside (IV) | N/A |
VALUE DESTROYER: EP negative (-18.5M NOK). ROIC 7.5% < WACC 8%.
Observe: Size/liquidity constraints, negative EP, pre-revenue stage, or data quality limitations.
Ticker: SKUE.OL | Name: Skue Sparebank | Country: NO | Sector: Bank/Savings Bank
Skue Sparebank operates in the Nordic market. ROIC 7.5% vs WACC 8% → EP -18.5M 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 7.5% vs WACC 8.0% → Economic Profit -18.5M NOK.
Funding cost, credit quality (LLP), and regulatory capital requirements (CET1).
Moat strength: 1/5. 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.
Observe — Skue Sparebank: Marginal value creation, EP -18.5M, await better entry.
mttssn research · Skue Sparebank (SKUE.OL) · 2026-W95 · 2026-05-31