Added to YB: 2026-04-13
Pitch date: 2026-04-09
INSTA.OL [bullish]
Instabank ASA
-3.66%
current return
Author Info
No bio for this author
Company Info
Instabank ASA provides various banking products and services in Norway. It accepts deposits and saving and investment accounts; offers consumer and secured loans, refinance, and credit cards, as well as loans for vehicles and boats; and provides credit cards.
Market Cap
NOK 1.8B
Pitch Price
NOK 4.10
Price Target
10.20 (+154%)
Dividend
2.22%
EV/EBITDA
N/A
P/E
13.97
EV/Sales
N/A
Sector
Banks
Category
growth
Instabank (INSTA) – The Nordic Challenger Bank Trading Below Book Value
INSTA.OL: Nordic neobank w/ FY25 profit NOK 120M (+35-55% growth guided to NOK 160-185M in 2026); 38% cost-to-income ratio vs 55-70% peers; Finnish EU license unlocks pan-EU expansion (launched Germany credit cards via Check24); trades 0.95x P/B, 9-10x fwd P/E despite 15-20% revenue growth. Fair PE 17x on 2028 EPS NOK 0.60 = NOK 10.20 target (~170% upside, 35% IRR). Risks: credit losses, execution, liquidity, dilution.
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