Financials Kraft Bank ASA

Equities

KRAB

NO0010815103

Consumer Lending

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-05-08 EDT			5-day change	1st Jan Change
9 ^NOK	-3.74%		-3.74%	+7.14%

04-26	Kraft Bank ASA Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-09	Kraft Bank ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	543.9	464.9	371.7	352.8	378	-	-
Enterprise Value (EV) ¹	543.9	464.9	371.7	352.8	378	378	378
P/E ratio	20.2 x	10.1 x	7.97 x	8.32 x	10.1 x	5.01 x	3.93 x
Yield	-	2.26%	-	-	2.78%	5.56%	11.1%
Capitalization / Revenue	-	3.51 x	2.54 x	2.55 x	2.48 x	1.8 x	1.55 x
EV / Revenue	-	3.51 x	2.54 x	2.55 x	2.48 x	1.8 x	1.55 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	1.28 x	-	0.8 x	0.79 x	0.7 x	0.61 x
Nbr of stocks (in thousands)	42,000	42,000	42,000	42,000	42,000	-	-
Reference price ²	12.95	11.07	8.850	8.400	9.000	9.000	9.000
Announcement Date	21-02-05	22-02-04	23-02-08	24-02-09	-	-	-

¹NOK in Million²NOK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	132.3	146.5	138.5	152.3	210	244.6
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	67.27	69.17	66.08	65	117	145
Operating Margin	-	50.83%	47.21%	47.7%	42.68%	55.72%	59.27%
Earnings before Tax (EBT) ¹	-	61.7	62.07	56.54	49.93	100.7	128.2
Net income ¹	26.87	46.24	46.47	42.34	37.43	75.46	96.1
Net margin	-	34.94%	31.71%	30.56%	24.58%	35.94%	39.28%
EPS ²	0.6400	1.100	1.110	1.010	0.8911	1.797	2.288
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2500	-	-	0.2500	0.5000	1.000
Announcement Date	21-02-05	22-02-04	23-02-08	24-02-09	-	-	-

¹NOK in Million²NOK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	35.69	36.66	37.48	-	36.57	36.62	38.87	33.55	29.5	31.56	34.85	40.24	44.03	47	51
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	15.16	18.39	18.3	15.58	16.9	18.39	21.66	15.91	10.12	12.15	14	18	23	22	28
Operating Margin	42.47%	50.15%	48.82%	-	46.21%	50.22%	55.73%	47.42%	34.3%	38.51%	40.17%	44.73%	52.24%	46.81%	54.9%
Earnings before Tax (EBT) ¹	15.16	16.39	18.42	-	13.78	16.6	22.83	13.35	3.757	8.01	10.41	14.77	19.11	18.5	24.47
Net income ¹	11.34	12.29	13.81	-	10.26	12.45	17.12	10.02	2.752	6.007	7.805	11.07	14.32	13.87	18.34
Net margin	31.78%	33.53%	36.85%	-	28.04%	33.99%	44.05%	29.85%	9.33%	19.04%	22.39%	27.51%	32.53%	29.51%	35.96%
EPS ²	0.2700	0.2900	0.3300	-	0.2400	0.3000	0.4100	0.2400	0.0700	0.1400	0.1858	0.2636	0.3410	0.3302	0.4366
Dividend per Share	0.2500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	22-02-04	22-04-29	22-08-12	22-10-28	23-02-08	23-04-28	23-08-11	23-11-04	24-02-09	24-04-26	-	-	-	-	-

¹NOK in Million²NOK

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	13.5%	-	10%	8.15%	14.9%	16.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	8.680	-	10.60	11.30	12.90	14.70
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	21-02-05	22-02-04	23-02-08	24-02-09	-	-	-

¹NOK in Million²NOK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Kraft Bank ASA

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9 NOK

Average target price

11 NOK

Spread / Average Target

+22.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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