Professional
Added to YB: 2025-03-11
Pitch date: 2025-03-06
MOBA.OL [bullish]
Morrow Bank AB
+85.91%
current return
Author Info
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Company Info
Morrow Bank AB provides unsecured financing to consumers in Norway, Sweden, and Finland. The company offers deposit products, consumer loans, and credit cards.
Market Cap
NOK 2.8B
Pitch Price
NOK 8.63
Price Target
17.90 (+12%)
Dividend
N/A
EV/EBITDA
N/A
P/E
10.99
EV/Sales
N/A
Sector
Banks
Category
turnaround
Show full summary:
Morrow bank – target price 17,9 NOK
MOBA.OL: Profitable growth, Swedish license upside. 26% C/I, 8.4% NIM. 57% net earnings growth in 2025. Swedish approval Q2'25 doubles ROE to ~20%. 17.9 NOK target (13.7x 2025e P/E) based on 50/50 scenarios: portfolio buys or dividend. Strong Q1 results & Swedish approval as triggers.
Read full article (6 min)