06.03.2017 Views

ANBEFALTE AKSJER Kjøp Europris

AA170306

AA170306

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

DNB Markets | Anbefalte aksjer<br />

6 March 2017<br />

2011 2012 2013 2014 2015 2016 2017e<br />

Netto renteinntekter 1,756 1,742 2,119 2,404 2,593 2,871 3,033<br />

Netto provisjon 763 1,029 1,380 183 1,527 1,439 1,473<br />

Salgsinntekter 3,267 3,786 4,498 2,161 4,429 4,968 5,063<br />

Driftskostnader -1,633 -1,888 -2,019 -2,056 -1,863 -2,032 -2,071<br />

Resultat før provisjon 1,634 1,898 2,479 2,858 2,566 2,936 2,992<br />

Nedskrivninger på utlån -139 -137 -132 -257 -420 -778 -810<br />

Resultat før skatt 1,495 1,761 2,347 2,601 2,146 2,158 2,181<br />

EPS rapp. (NOK) 5.42 5.32 7.27 8.19 6.83 6.87 6.83<br />

EPS just. (NOK) 5.42 5.32 7.34 7.62 6.83 6.61 6.83<br />

DPS (NOK) 1.50 1.50 1.60 2.00 1.50 2.25 3.00<br />

Salgsvekst (%) -4.3 15.9 18.8 -52.0 105.0 12.2 1.9<br />

EPS just. vekst (%) -17.1 -1.8 37.9 3.9 -10.4 -3.2 3.3<br />

P/E just. (X) 7.6 7.0 8.2 6.9 5.8 9.2 10.0<br />

P/bok (X) 0.53 0.75 1.10 0.87 0.59 0.85 0.90<br />

Direkteavkastning (%) 3.7 4.0 2.7 3.8 3.8 3.7 4.4<br />

Source: Company (historical figures), DNB Markets (estimates)<br />

Avkastning YTD<br />

110<br />

105<br />

100<br />

95<br />

90<br />

85<br />

80<br />

1 2 3 4 5 6 7 8 9 10<br />

Porteføljen<br />

OSEBX<br />

Source: DNB Markets<br />

Avkastning 2005-2016<br />

Historisk avkastning OSEBX DNB<br />

100%<br />

80%<br />

60%<br />

40%<br />

20%<br />

0%<br />

-20%<br />

-40%<br />

-60%<br />

-80%<br />

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016<br />

Source: DNB Markets<br />

6

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!