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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 />
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