OmaSp: Convincing performance
The Q2 result exceeded our expectations clearly and the report again strengthened our confidence in the company’s earnings growth outlook in the next few years. We have revised our estimates upwards after the Q2 result and see that the strong earnings growth still offers investors a very attractive return expectation.
Oma Säästöpankki
Oma Säästöpankki conducts banking operations. The bank offers financial services focused on insurance, loans, savings, and pensions. Various services include children, housing and income insurance, car and housing loans, as well as traditional asset management for share and fund savings. Operations are mainly conducted in Finland, with the main focus on private counseling. The head office is located in Lappeenranta.
Read more on company pageKey Estimate Figures2021-08-02
2020 | 21e | 22e | |
---|---|---|---|
Operating income | 111.1 | 154.7 | 136.0 |
growth-% | 19.98 % | 39.29 % | -12.11 % |
EBIT (adj.) | 26.7 | 54.9 | 55.8 |
EBIT-% (adj.) | 24.05 % | 35.52 % | 41.03 % |
EPS (adj.) | 0.73 | 1.43 | 1.45 |
Dividend | 0.30 | 0.35 | 0.40 |
Dividend % | 2.83 % | 3.10 % | 3.55 % |
P/E (adj.) | 14.48 | 7.91 | 7.76 |
EV/EBITDA | 94.79 | 50.80 | 91.85 |