GRONG Stock Overview
An independent savings bank, provides a range of banking products and services in Norway. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| 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 | NOK 146.98 |
| 52 Week High | NOK 152.00 |
| 52 Week Low | NOK 133.00 |
| Beta | 0.22 |
| 11 Month Change | -0.69% |
| 3 Month Change | 3.51% |
| 1 Year Change | 3.51% |
| 33 Year Change | 2.78% |
| 5 Year Change | 41.33% |
| Change since IPO | 37.36% |
Recent News & Updates
Shareholder Returns
| GRONG | NO Banks | NO Market | |
|---|---|---|---|
| 7D | -0.7% | -1.0% | 0.6% |
| 1Y | 3.5% | 16.5% | 2.4% |
Return vs Industry: GRONG underperformed the Norwegian Banks industry which returned 16.5% over the past year.
Return vs Market: GRONG exceeded the Norwegian Market which returned 2.4% over the past year.
Price Volatility
| GRONG volatility | |
|---|---|
| GRONG Average Weekly Movement | 3.0% |
| Banks Industry Average Movement | 2.7% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in NO Market | 10.8% |
| 10% least volatile stocks in NO Market | 2.7% |
Stable Share Price: GRONG has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: GRONG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1862 | 76 | 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 | NOK 583.87m |
| Earnings (TTM) | NOK 64.13m |
| Revenue (TTM) | NOK 344.59m |
9.1x
P/E Ratio0.4x
P/B RatioIs GRONG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRONG income statement (TTM) | |
|---|---|
| Revenue | NOK 344.59m |
| Cost of Revenue | NOK 0 |
| Gross Profit | NOK 344.59m |
| Other Expenses | NOK 280.46m |
| Earnings | NOK 64.13m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 16.14 |
| Gross Margin | 100.00% |
| Net Profit Margin | 18.61% |
| Debt/Equity Ratio | 107.3% |
How did GRONG perform over the long term?
See historical performance and comparison