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SpareBank 1 Nord-Norge

LSE:0J1N
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0J1N
LSE
NOK7B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The last earnings update was 23 days ago. More info.


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0J1N Share Price and Events
7 Day Returns
0.2%
LSE:0J1N
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
6.4%
LSE:0J1N
-7.8%
GB Banks
2.5%
GB Market
0J1N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SpareBank 1 Nord-Norge (0J1N) 0.2% -5.8% -0.8% 6.4% 77% 92.1%
GB Banks 2.3% 3.6% 4.4% -7.8% 16.1% -12.3%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • 0J1N outperformed the Banks industry which returned -7.8% over the past year.
  • 0J1N outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0J1N
Industry
5yr Volatility vs Market

Value

 Is SpareBank 1 Nord-Norge undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SpareBank 1 Nord-Norge to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SpareBank 1 Nord-Norge.

LSE:0J1N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= NOK65.08 * 11.7%
NOK7.64
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. NOK65.08
Discount Rate (Cost of Equity) See below 13.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0J1N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 23%) (421.1%))
2.015
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (2 * 5.96%)
13.15%

Discounted Cash Flow Calculation for LSE:0J1N using Excess Returns Model Model

The calculations below outline how an intrinsic value for SpareBank 1 Nord-Norge is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0J1N Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.7% – 13.15%) * NOK65.08)
NOK-0.92
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-0.92 / (13.15% - 1.23%)
NOK-7.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK65.08 + NOK-7.72
NOK57.37
LSE:0J1N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0J1N represents 1.00772x of OB:NONG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00772x
Value per Share
(Listing Adjusted, NOK)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 57.37 x 1.00772
NOK57.81
Value per share (NOK) From above. NOK57.81
Current discount Discount to share price of NOK65.30
= -1 x (NOK65.30 - NOK57.81) / NOK57.81
-13%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SpareBank 1 Nord-Norge is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SpareBank 1 Nord-Norge's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SpareBank 1 Nord-Norge's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0J1N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK7.07
OB:NONG Share Price ** OB (2019-04-18) in NOK NOK64.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SpareBank 1 Nord-Norge.

LSE:0J1N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:NONG Share Price ÷ EPS (both in NOK)

= 64.8 ÷ 7.07

9.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpareBank 1 Nord-Norge is good value based on earnings compared to the GB Banks industry average.
  • SpareBank 1 Nord-Norge is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SpareBank 1 Nord-Norge's expected growth come at a high price?
Raw Data
LSE:0J1N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.9%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:0J1N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.16x ÷ 16.9%

0.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpareBank 1 Nord-Norge is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SpareBank 1 Nord-Norge's assets?
Raw Data
LSE:0J1N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK130.06
OB:NONG Share Price * OB (2019-04-18) in NOK NOK64.8
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
LSE:0J1N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:NONG Share Price ÷ Book Value per Share (both in NOK)

= 64.8 ÷ 130.06

0.5x

* Primary Listing of SpareBank 1 Nord-Norge.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpareBank 1 Nord-Norge is good value based on assets compared to the GB Banks industry average.
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Value checks
We assess SpareBank 1 Nord-Norge's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. SpareBank 1 Nord-Norge has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SpareBank 1 Nord-Norge expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SpareBank 1 Nord-Norge expected to grow at an attractive rate?
  • SpareBank 1 Nord-Norge's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • SpareBank 1 Nord-Norge's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • SpareBank 1 Nord-Norge's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0J1N Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0J1N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.9%
LSE:0J1N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.9%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0J1N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0J1N Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,735
2021-12-31 3,877 1,654 4
2020-12-31 3,723 1,579 4
2019-12-31 3,810 1,779 4
LSE:0J1N Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 3,394 -5,472 710
2018-09-30 3,417 -7,969 739
2018-06-30 3,315 -6,303 711
2018-03-31 3,170 -4,557 669
2017-12-31 3,130 -4,533 663
2017-09-30 2,967 -4,554 595
2017-06-30 2,949 -3,299 600
2017-03-31 2,926 -2,616 599
2016-12-31 2,864 -4,955 581
2016-09-30 2,710 -3,157 525
2016-06-30 2,533 -6,636 447
2016-03-31 2,455 -6,186 407

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SpareBank 1 Nord-Norge's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
  • SpareBank 1 Nord-Norge's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0J1N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from SpareBank 1 Nord-Norge Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0J1N Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 7.63 8.10 6.95 5.00
2020-12-31 7.30 7.60 6.92 5.00
2019-12-31 8.22 9.28 6.85 5.00
LSE:0J1N Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 7.07
2018-09-30 7.34
2018-06-30 7.06
2018-03-31 6.63
2017-12-31 6.60
2017-09-30 7.26
2017-06-30 5.95
2017-03-31 5.97
2016-12-31 5.79
2016-09-30 5.23
2016-06-30 4.45
2016-03-31 4.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SpareBank 1 Nord-Norge is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SpareBank 1 Nord-Norge's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SpareBank 1 Nord-Norge has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SpareBank 1 Nord-Norge performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SpareBank 1 Nord-Norge's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SpareBank 1 Nord-Norge's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • SpareBank 1 Nord-Norge's 1-year earnings growth exceeds its 5-year average (7.1% vs -7.1%)
  • SpareBank 1 Nord-Norge's earnings growth has not exceeded the GB Banks industry average in the past year (7.1% vs 42.2%).
Earnings and Revenue History
SpareBank 1 Nord-Norge's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SpareBank 1 Nord-Norge Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0J1N Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,394.00 710.00 886.00
2018-09-30 3,417.00 739.00 850.00
2018-06-30 3,315.00 711.00 830.00
2018-03-31 3,170.00 669.00 791.00
2017-12-31 3,130.00 663.00 828.00
2017-09-30 2,967.00 595.00 805.00
2017-06-30 2,949.00 600.00 779.00
2017-03-31 2,926.00 599.00 771.00
2016-12-31 2,864.00 581.00 760.00
2016-09-30 2,710.00 525.00 867.00
2016-06-30 2,533.00 447.00 884.00
2016-03-31 2,455.00 407.00 897.00
2015-12-31 2,494.00 418.00 918.00
2015-09-30 2,358.00 -167.00 803.00
2015-06-30 2,485.00 54.00 807.00
2015-03-31 2,578.00 282.00 807.00
2014-12-31 2,673.00 545.00 779.00
2014-09-30 2,895.00 1,336.00 796.00
2014-06-30 2,843.00 1,317.00 751.00
2014-03-31 2,650.00 1,171.00 723.00
2013-12-31 2,390.00 966.00 707.00
2013-09-30 2,245.00 850.00 735.00
2013-06-30 2,029.00 699.00 717.00
2013-03-31 1,902.00 597.00 702.00
2012-12-31 1,887.00 595.00 683.00
2012-09-30 1,572.00 329.00 683.00
2012-06-30 1,589.00 336.00 671.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SpareBank 1 Nord-Norge has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SpareBank 1 Nord-Norge used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if SpareBank 1 Nord-Norge improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess SpareBank 1 Nord-Norge's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SpareBank 1 Nord-Norge has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SpareBank 1 Nord-Norge's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of SpareBank 1 Nord-Norge's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SpareBank 1 Nord-Norge Company Filings, last reported 3 months ago.

LSE:0J1N Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 13,058.00 27,396.00 19,281.00
2018-09-30 12,755.00 26,890.00 2,915.00
2018-06-30 12,113.00 25,695.00 4,163.00
2018-03-31 11,678.00 25,431.00 3,758.00
2017-12-31 12,299.00 25,738.00 16,605.00
2017-09-30 11,622.00 22,909.00 3,482.00
2017-06-30 11,281.00 23,837.00 4,829.00
2017-03-31 10,576.00 25,132.00 4,312.00
2016-12-31 11,011.00 24,318.00 4,216.00
2016-09-30 10,711.00 22,056.00 3,942.00
2016-06-30 10,353.00 24,206.00 5,789.00
2016-03-31 10,078.00 25,725.00 4,184.00
2015-12-31 9,961.00 26,161.00 4,449.00
2015-09-30 9,714.00 24,283.00 4,380.00
2015-06-30 9,521.00 22,709.00 5,865.00
2015-03-31 9,227.00 23,127.00 3,997.00
2014-12-31 9,343.00 26,915.00 6,619.00
2014-09-30 9,336.00 20,768.00 5,052.00
2014-06-30 9,038.00 20,980.00 5,652.00
2014-03-31 8,737.00 20,135.00 2,802.00
2013-12-31 8,502.00 22,792.00 3,434.00
2013-09-30 7,473.00 17,499.00 2,943.00
2013-06-30 7,181.00 17,834.00 3,869.00
2013-03-31 7,006.00 19,123.00 3,456.00
2012-12-31 6,881.00 23,637.00 3,445.00
2012-09-30 6,687.00 19,390.00 3,518.00
2012-06-30 6,549.00 18,933.00 4,231.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • SpareBank 1 Nord-Norge has an acceptable proportion of non-loan assets held.
  • SpareBank 1 Nord-Norge's liabilities are made up of primarily low risk sources of funding.
  • Loans at SpareBank 1 Nord-Norge are broadly funded by customer deposits.
  • SpareBank 1 Nord-Norge's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • SpareBank 1 Nord-Norge has a sufficient allowance for bad loans.
  • SpareBank 1 Nord-Norge has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess SpareBank 1 Nord-Norge's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SpareBank 1 Nord-Norge has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SpareBank 1 Nord-Norge's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.17%
Current annual income from SpareBank 1 Nord-Norge dividends. Estimated to be 7.26% next year.
If you bought NOK2,000 of SpareBank 1 Nord-Norge shares you are expected to receive NOK123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SpareBank 1 Nord-Norge's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • SpareBank 1 Nord-Norge's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0J1N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0J1N Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 4.98 5.00
2020-12-31 4.46 5.00
2019-12-31 4.68 5.00
LSE:0J1N Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-15 4.000 5.983
2018-02-09 4.000 6.268
2017-03-09 3.450 5.749
2016-02-12 2.000 4.615
2015-02-05 1.900 4.901
2014-04-04 1.100 2.993
2014-02-05 1.100 3.039
2013-02-07 1.150 3.270
2012-08-09 1.400 4.994
2012-03-27 1.400 5.100
2011-03-29 2.156 6.046
2010-04-20 2.531 6.009
2010-02-11 2.531 5.903
2009-05-06 1.125 3.332
2009-04-20 1.125 5.284

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SpareBank 1 Nord-Norge's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess SpareBank 1 Nord-Norge's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SpareBank 1 Nord-Norge afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SpareBank 1 Nord-Norge has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SpareBank 1 Nord-Norge's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Petter Høiseth
COMPENSATION NOK2,394,000
TENURE AS CEO 0.1 years
CEO Bio

Mr. Petter Høiseth serves as Chief Executive Officer at SpareBank 1 Nord-Norge since March 15, 2019. He was Chief of Staff at SpareBank 1 Nord-Norge until March 15, 2019 and served as its Group Executive Vice President of Corporate Development since October 2018. He was Chief of Staff at SpareBank 1 Nord-Norge until October 2018. Mr. Høiseth served as COS and Senior Group General Manager at SpareBank 1 Nord-Norge. Mr. Høiseth served as the Head of Legal Department at SpareBank 1 Nord-Norge. He served as an Attorney at Advokatfirmaet BAHR. He served as Judge at Nord-Troms District Court. He served as an Assistant Professor of Faculty of Law in Tromsø. He served as an Associate Attorney at Advokatfirmaet Selmer. He serves as a Director of SpareBank 1 Nord-Norge Invest AS. He serves as a Member of Supervisory Board at BN Bank ASA. Mr. Høiseth studied Cand.jur from the Faculty of Law in Tromsø.

CEO Compensation
  • Petter's compensation has been consistent with company performance over the past year.
  • Petter's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the SpareBank 1 Nord-Norge management team in years:

1.4
Average Tenure
  • The average tenure for the SpareBank 1 Nord-Norge management team is less than 2 years, this suggests a new team.
Management Team

Petter Høiseth

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
TENURE
0.1 yrs

Bengt Olsen

TITLE
Chief Financial Officer
COMPENSATION
NOK221K
AGE
48

Geir Andreassen

TITLE
Chief Technology Officer
COMPENSATION
NOK2M
TENURE
1.4 yrs

Liv Ulriksen

TITLE
Chief Risk Officer
COMPENSATION
NOK2M

Trude Glad

TITLE
Chief Regional Officer of Helgeland & Salten
COMPENSATION
NOK2M
TENURE
1.4 yrs

Christian Overvaag

TITLE
Chief Regional Officer of Troms
COMPENSATION
NOK2M
TENURE
1.4 yrs

Lasse Hagerupsen

TITLE
Chief Regional Officer of Hålogaland
COMPENSATION
NOK2M
TENURE
1.4 yrs

Trond Hanssen

TITLE
Chief Regional Officer of Finnmark
COMPENSATION
NOK2M

Ronni Pettersen

TITLE
Chief Commercial Officer
COMPENSATION
NOK2M

Tom-Robin Solstad-Nøis

TITLE
Director of SNN Markets
COMPENSATION
NOK2M
TENURE
6.3 yrs
Board of Directors

Karl Schjøtt-Pedersen

TITLE
Chairman of the Board
COMPENSATION
NOK486K
AGE
59

Hans-Tore Bjerkaas

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK357K
AGE
67

Rita Myrvang

TITLE
GM & Supervisory Board Member
TENURE
7.1 yrs

Chris Martinsen

TITLE
Head of Department & Supervisory Board Member

Tor Oppheim

TITLE
Head of Department & Supervisory Board Member

Roar Dons

TITLE
Chairman of Supervisory Board
COMPENSATION
NOK40K

Charlotte Ringkjøb

TITLE
Supervisory Board Member
TENURE
6.3 yrs

Kari Olsen Lind

TITLE
Supervisory Board Vice Chairman

Vivi Ann Pedersen

TITLE
Employee Representative Director
COMPENSATION
NOK210K
AGE
65

Dag Lund

TITLE
Supervisory Board Member
Who owns this company?
Recent Insider Trading
  • SpareBank 1 Nord-Norge insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
08. Mar 19 Sell Jan-Frode Janson Individual 08. Mar 19 08. Mar 19 -45,000 NOK67.57 NOK-3,040,578
26. Oct 18 Buy Lasse Hagerupsen Individual 26. Oct 18 26. Oct 18 3,000 NOK65.40 NOK196,200
22. Aug 18 Buy Hans-Tore Bjerkaas Individual 22. Aug 18 22. Aug 18 8,000 NOK66.40 NOK531,200
14. Aug 18 Buy Rolf Bygdnes Individual 14. Aug 18 14. Aug 18 4,500 NOK64.30 NOK289,350
09. Aug 18 Buy Bengt Olsen Individual 08. Aug 18 08. Aug 18 7,000 NOK63.60 NOK445,200
13. Jun 18 Sell Greger Mannsverk Individual 13. Jun 18 13. Jun 18 -25,900 NOK58.20 NOK-1,507,282
08. Jun 18 Buy Greger Mannsverk Individual 08. Jun 18 08. Jun 18 25,900 NOK57.84 NOK1,498,175
05. Jun 18 Buy Lasse Hagerupsen Individual 04. Jun 18 04. Jun 18 2,000 NOK56.40 NOK112,800
X
Management checks
We assess SpareBank 1 Nord-Norge's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SpareBank 1 Nord-Norge has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The company offers various savings, lending, and insurance products, as well as payment services. Its activities also include hedging instruments and trading in interest rate and currency instruments; hedging instruments in the commodity derivatives market; sale of Norwegian bonds and certificates, as well as bond market issues; purchase and sale of equities and fund units; and provision of corporate finance, as well as trading and investment advice services. In addition, the company is involved in leasing, consumer financing, real estate brokerage, and accounting operations. It operates through a network of 38 offices across 36 municipalities in Nordland, Troms, Finnmark, and Svalbard. The company was founded in 1836 and is headquartered in Tromsø, Norway.

Details
Name: SpareBank 1 Nord-Norge
0J1N
Exchange: LSE
Founded: 1836
NOK6,505,791,436
100,398,016
Website: http://www.sparebank1.no
Address: SpareBank 1 Nord-Norge
Sjøgata 8,
Tromsø,
Troms, 9008,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NONG Primary Capital Certificates Oslo Bors NO NOK 10. May 1994
OTCPK SPXX.F Primary Capital Certificates Pink Sheets LLC US USD 10. May 1994
DB 93S Primary Capital Certificates Deutsche Boerse AG DE EUR 10. May 1994
LSE 0J1N Primary Capital Certificates London Stock Exchange GB NOK 10. May 1994
BATS-CHIXE NONGO Primary Capital Certificates BATS 'Chi-X Europe' GB NOK 10. May 1994
Number of employees
Current staff
Staff numbers
854
SpareBank 1 Nord-Norge employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:11
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.