Norwegian Finans Holding ASA

Norwegian Finans Holding ASA is a Norway-based bank. The Company focuses on e-commerce and self-service solutions, and offers deposit accounts and consumer loans, which are distributed through the Internet. It also provides a combined credit card and reward card for buying tickets with the airline Norwegian Air Shuttle ASA. The Company's ownership is divided between institutional and private investors in Norway and abroad. It operates through Bank Norwegian AS, a wholly owned subsidiary.
  • TickerA12AE3
  • ISINNO0010387004
  • ExchangeOslo Bors
  • SectorBanks
  • CountryNorway

Analysts

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Nothern Lights

Håkon Astrup

Norwegian Finans Holding (Buy, TP: NOK95.00) - Set for another profitable quarter

We expect NOFI to report a Q2 ROE of 23%, down QOQ due to lower fee income. The impact from Norway’s new debt register and the formalisation of lending guidelines into law are likely to be focus points in connection with the Q2 report. We find the valuation attractive and reiterate our BUY recommendation, while we have reduced our target price to NOK95 (NOK105).

Håkon Astrup

Norwegian Finans Holding (Buy, TP: NOK105.00) - European platform emerging

NOFI reported Q1 ROE of 27% on lower than expected loan losses. In addition to the Q1 numbers, the announcement regarding its European expansion was a key point of interest. While these initiatives will raise costs in the short-term, we see European expansion as accretive for NOFI in the long run. We reiterate our BUY and NOK105 target price.

Håkon Astrup

Norwegian Finans Holding (Buy, TP: NOK105.00) - Approaching buybacks and dividends

We expect NOFI to report a Q1 ROE of 26%, supported by solid underlying lending growth. Given the prospect of continued growth on attractive margins and strong operational efficiency, we continue to find the valuation attractive at below 7x 2019e EPS. We reiterate our BUY and NOK105 target price.

Ole-Andreas Krohn

SME Update: Hot returns and cold liquidity

SME Update: Hot returns and cold liquidity (2 pages)

Håkon Astrup

Norwegian Finans Holding (Buy, TP: NOK105.00) - Structural opportunities on the rise

In this report, we have taken a closer look into structural opportunities within the Nordic consumer lending space. We believe several factors support consolidation: Greater differences in capital requirements make it attractive to move business outside of Norway through M&A. Lower market growth is challenging organic growth opportunities, making M&A more appealing. In addition, lower valuations may make potential targets appear more attractive.

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Nothern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jon Masdal
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Stefan Gauffin

Northern Lights

Håkon Astrup ...
  • Mats Bye
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Håkon Astrup
  • Jørgen Lian
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

NOR FINANS HOLDING ASA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of NOR FINANS HOLDING ASA (NO), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 26, 2019, the closing price was NOK 75.25 and its potential was estimated at NOK 81.00.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Big Picture: Our outlook remains neutral for global ex-U.S. markets while horizontal consolidation continues on the MSCI ACWI ex-U.S. index... see chart below. In today's report we take a bottoms-up view on developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities right here, right now. Note: This is part one of a two-part series, where we focus on actionable stocks within the Services, Consumer Discretionary, Consumer Staples, Energy, and Financials Sectors. We will focus on the remaining Sectors in next week's report. For your reference we include a table o...

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