GRONG Stock Overview
Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway.
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
Grong Sparebank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr147.00 |
| 52 Week High | kr152.00 |
| 52 Week Low | kr132.00 |
| Beta | 0.18 |
| 1 Month Change | -0.68% |
| 3 Month Change | 2.08% |
| 1 Year Change | 0.68% |
| 3 Year Change | 6.52% |
| 5 Year Change | 41.35% |
| Change since IPO | 37.38% |
Recent News & Updates
Shareholder Returns
| GRONG | NO Banks | NO Market | |
|---|---|---|---|
| 7D | -1.2% | -0.7% | 0.7% |
| 1Y | 0.7% | 9.8% | 3.2% |
Return vs Industry: GRONG underperformed the Norwegian Banks industry which returned 10.7% over the past year.
Return vs Market: GRONG underperformed the Norwegian Market which returned 3.1% over the past year.
Price Volatility
| GRONG volatility | |
|---|---|
| GRONG Average Weekly Movement | 2.3% |
| Banks Industry Average Movement | 2.9% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in NO Market | 10.6% |
| 10% least volatile stocks in NO Market | 2.9% |
Stable Share Price: GRONG has not had significant price volatility in the past 3 months.
Volatility Over Time: GRONG's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1862 | 72 | Jon Solum | www.grong-sparebank.no |
Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. It offers savings, fund savings, current, deposits, and pension accounts; car loans, mortgage loans, loans to other vehicles, and consumer loans, as well as construction loans, business loans, overdrafts, and leasing facilities; and refinancing services. The company also provides various type of insurance, such as home and leisure, car and other vehicle, animal, employee, private, commercial, and agriculture insurance; bank guarantees, factoring; payment and bank cards; and Internet and mobile banking services.
Grong Sparebank Fundamentals Summary
| GRONG fundamental statistics | |
|---|---|
| Market cap | kr583.95m |
| Earnings (TTM) | kr71.68m |
| Revenue (TTM) | kr351.95m |
8.1x
P/E Ratio0.5x
P/B RatioIs GRONG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRONG income statement (TTM) | |
|---|---|
| Revenue | kr351.95m |
| Cost of Revenue | kr0 |
| Gross Profit | kr351.95m |
| Other Expenses | kr280.26m |
| Earnings | kr71.68m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 18.04 |
| Gross Margin | 100.00% |
| Net Profit Margin | 20.37% |
| Debt/Equity Ratio | 99.5% |
How did GRONG perform over the long term?
See historical performance and comparison