Skue Sparebank (SKUE) Fair Value & Analysis

Financial Services · NO · Market cap 1.9B NOK

Below-average quality, screening 98% undervalued on our models.

What matters now

• The price is below even our cautious bear case (kr 496.50). The market is more pessimistic than our downside scenario.
• Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 120.12 – kr 343.00 · fair‑value band kr 496.50 – kr 827.50 · the kr 335.00 price screens below the kr 662.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Skue Sparebank (SKUE) currently trades at kr 335.00, while our model-based Fair Value estimate is kr 662.00, implying the stock looks roughly 97.6% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Skue Sparebank generated revenue of 714M NOK at a net margin of 42.0%. Revenue grew 10.5% year over year. It earns a return on equity of 8.5%. Net debt stands at 4.6B NOK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 496.50 (bear case) to kr 827.50 (bull case); at kr 335.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 98%, SKUE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (kr 680.62) versus Dividend Discount (kr 165.09). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Skue Sparebank provides various banking products and services for individuals and business in Norway. The company offers checking, business, deposit, tax withholding, client, agricultural, currency, investment, deposit, retirement, and group accounts; business, construction, consumer, car, other vehicle, and small loans, as well as mortgage, bank guarantee, …

Full company description

Skue Sparebank provides various banking products and services for individuals and business in Norway. The company offers checking, business, deposit, tax withholding, client, agricultural, currency, investment, deposit, retirement, and group accounts; business, construction, consumer, car, other vehicle, and small loans, as well as mortgage, bank guarantee, overdraft, and leasing services; and home and leisure, car and other vehicles, pet, company and employees, agriculture, and travel insurance products. It also provides savings and pension products, online and mobile banking, bank card, and payment services. In addition, it offers financial products, commercial solutions and skills-enhancing services, funds and pensions, insurance products, card and small loan products, and real estate brokerage. The company was formerly known as Nes Prestegjelds Sparebank and changed its name to Skue Sparebank in October 2013. Skue Sparebank was founded in 1842 and is based in Geilo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Skue Sparebank reported revenue of kr 728M in FY2025 versus kr 358M in FY2021, a compound +19.4%/yr. Reported net income was kr 303M in FY2025, compounding +19.3%/yr from FY2021.

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Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.