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Aasen Sparebank

Market Cap

kr133.8m

Last Updated

2021/05/18 01:16 UTC

Data Sources

Company Financials

Executive Summary

Aasen Sparebank provides various banking products and services in Norway. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

0%

AASB

1.1%

NO Banks

-0.7%

NO Market


1 Year Return

13.8%

AASB

53.0%

NO Banks

34.5%

NO Market

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.


Shareholder returns

AASBIndustryMarket
7 Day0%1.1%-0.7%
30 Day-5.0%-0.8%-2.5%
90 Day-8.3%11.3%2.7%
1 Year18.5%13.8%59.9%53.0%39.4%34.5%
3 Year45.4%21.1%34.5%21.6%11.6%-0.5%
5 Year40.7%5.6%121.5%84.5%75.4%43.4%

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

Valuation

Is Aasen Sparebank undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Aasen Sparebank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

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.


Past Performance

How has Aasen Sparebank performed over the past 5 years?

10.5%

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.


Financial Health

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


Balance Sheet


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.


Dividend

What is Aasen Sparebank current dividend yield, its reliability and sustainability?

4.55%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Bjørn Hynne

no data

Tenure

Mr. Bjørn Asle Hynne serves as CEO & Managing Director of Aasen Sparebank.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aasen Sparebank's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Aasen Sparebank
  • Stasjonsvegen 1
  • Åsen
  • Nord-Trøndelag
  • 7630
  • Norway

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 01:16
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.