Aasen Sparebank provides various banking products and services in Norway. More Details
Undervalued with mediocre balance sheet.
Share Price & News
How has Aasen Sparebank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AASB is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AASB's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: AASB underperformed the Norwegian Banks industry which returned 58.2% over the past year.
Return vs Market: AASB underperformed the Norwegian Market which returned 36.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Aasen Sparebank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StJust Three Days Till Aasen Sparebank (OB:AASB) Will Be Trading Ex-Dividend
2 months ago | Simply Wall StRead This Before Buying Aasen Sparebank (OB:AASB) For Its Dividend
7 months ago | Simply Wall StShould You Buy Aasen Sparebank (OB:AASB-ME) For Its Dividend?
Is Aasen Sparebank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AASB (NOK132) is trading below our estimate of fair value (NOK383.29)
Significantly Below Fair Value: AASB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AASB is good value based on its PE Ratio (3.6x) compared to the Norwegian Banks industry average (11.2x).
PE vs Market: AASB is good value based on its PE Ratio (3.6x) compared to the Norwegian market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AASB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AASB is good value based on its PB Ratio (0.3x) compared to the NO Banks industry average (0.6x).
How is Aasen Sparebank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aasen Sparebank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Aasen Sparebank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AASB has high quality earnings.
Growing Profit Margin: AASB's current net profit margins (36.4%) are lower than last year (36.7%).
Past Earnings Growth Analysis
Earnings Trend: AASB's earnings have grown by 10.5% per year over the past 5 years.
Accelerating Growth: AASB's earnings growth over the past year (6.2%) is below its 5-year average (10.5% per year).
Earnings vs Industry: AASB earnings growth over the past year (6.2%) underperformed the Banks industry 19.2%.
Return on Equity
High ROE: AASB's Return on Equity (7.5%) is considered low.
How is Aasen Sparebank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: AASB's Assets to Equity ratio (7.9x) is low.
Allowance for Bad Loans: Insufficient data to determine if AASB has a sufficient allowance for bad loans.
Low Risk Liabilities: 77% of AASB's liabilities are made up of primarily low risk sources of funding.
Loan Level: AASB has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: AASB's Loans to Deposits ratio (128%) is high.
Level of Bad Loans: Insufficient data to determine if AASB has an appropriate level of bad loans.
What is Aasen Sparebank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AASB's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.9%).
High Dividend: AASB's dividend (4.55%) is low compared to the top 25% of dividend payers in the Norwegian market (5.04%).
Stability and Growth of Payments
Stable Dividend: AASB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AASB has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.3%), AASB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Bjørn Asle Hynne serves as CEO & Managing Director of Aasen Sparebank.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Aasen Sparebank's company bio, employee growth, exchange listings and data sources
- Name: Aasen Sparebank
- Ticker: AASB
- Exchange: OB
- Founded: 1862
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr133.837m
- Shares outstanding: 1.01m
- Website: https://aasen-sparebank.no
Number of Employees
- Aasen Sparebank
- Stasjonsvegen 1
Aasen Sparebank provides various banking products and services in Norway. The company accepts various deposits and accounts, as well as bank cards; and offers payment, payment terminals, billing, credit, o...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 01:16|
|End of Day Share Price||2021/05/14 00:00|
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.