Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Melhus Sparebank is a Norwegian savings bank headquartered in Melhus Municipality, serving primarily the southern part of Trøndelag county. Established in 1840, it stands as one of Norway's oldest independent savings banks, dedicated to providing comprehensive banking and financial services to private individuals, businesses, agriculture, and small to medium-sized enterprises. The bank offers a wide array of products, including savings accounts, mortgages, construction and business loans, car loans, leasing services, credit and debit cards, payment solutions, and online/mobile banking platforms. It also provides insurance coverage for property and health, pension products, investment services, and real estate financing, emphasizing personalized advisory support for personal and corporate needs. With total assets exceeding 11 billion NOK and a workforce of around 72 employees, Melhus Sparebank plays a vital role in its regional community by fostering local economic growth through stable lending, robust deposit growth, and efficient operations. Its focus on profitability, with targets like return on equity above 10% and cost/income ratio below 45%, underscores its significance in Norway's regional banking sector.
NOK 16.48
+NOK 0.11 (+0.68%)
EOD Jul 1, 2026
40.15% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue growth slowed to 1.4%, essentially flat. This is a business that needs a catalyst.
Financial stocks carry unique risks (credit cycles, regulatory changes, interest rate sensitivity) that aren't captured by standard quality metrics.
0.4x earnings. Below the sector average, the market may be pricing in credit losses or regulatory headwinds, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 345M
▲ +1.4% YoY
Net Income (TTM)
NOK 139M
▲ +0.5% YoY
Net Margin
40.28%
P/E
0.4x
Balance Sheet
Total Assets
NOK 12.06B
Equity
NOK 1.70B
Total Debt
NOK 2.53B
Cash & Equiv.
NOK 4M
3Y CAGR: +10.2%
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At a P/E of 0.4 and a price-to-free-cash-flow of 0.1, Melhus Sparebank (MELG.XOSL) trades below a two-stage DCF intrinsic value of about NOK 10,027.64 per share, so at NOK 16.48 the stock looks undervalued (60,762.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Melhus Sparebank scores 88/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 82.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 10,027.64 per share for MELG.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 7,520.73. At today's NOK 16.48, that puts the stock about 60,762.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Melhus Sparebank scores 88 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Melhus Sparebank pays a regular dividend of about NOK 13.52 per share per year (typically in quarterly installments), a yield of roughly 82.1% at the current price. That is a payout ratio of about 27.0% of earnings, so the dividend is amply covered by earnings. Melhus Sparebank has grown the dividend at roughly 17.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MELG.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. MELG.XOSL currently trades below its estimated intrinsic value and scores 88/100 on quality (high-quality). It also yields about 82.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.