GRONG Stock Overview
An independent savings bank, provides a range of banking products and services in Norway. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
My Notes
Capture your thoughts, links and company narrative
Grong Sparebank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 150.00 |
| 52 Week High | NOK 152.00 |
| 52 Week Low | NOK 133.00 |
| Beta | 0.21 |
| 1 Month Change | 0.027% |
| 3 Month Change | 1.35% |
| 1 Year Change | 4.90% |
| 3 Year Change | 6.38% |
| 5 Year Change | 38.89% |
| Change since IPO | 40.19% |
Recent News & Updates
Shareholder Returns
| GRONG | NO Banks | NO Market | |
|---|---|---|---|
| 7D | -1.1% | 0.6% | -2.4% |
| 1Y | 4.9% | 12.4% | -0.3% |
Return vs Industry: GRONG underperformed the Norwegian Banks industry which returned 12.1% over the past year.
Return vs Market: GRONG exceeded the Norwegian Market which returned -0.1% over the past year.
Price Volatility
| GRONG volatility | |
|---|---|
| GRONG Average Weekly Movement | 2.7% |
| Banks Industry Average Movement | 2.6% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in NO Market | 11.2% |
| 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 | 80 | 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 595.87m |
| Earnings (TTM) | NOK 65.16m |
| Revenue (TTM) | NOK 343.31m |
9.1x
P/E Ratio0.4x
P/B RatioIs GRONG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRONG income statement (TTM) | |
|---|---|
| Revenue | NOK 343.31m |
| Cost of Revenue | NOK 0 |
| Gross Profit | NOK 343.31m |
| Other Expenses | NOK 278.16m |
| Earnings | NOK 65.16m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 16.40 |
| Gross Margin | 100.00% |
| Net Profit Margin | 18.98% |
| Debt/Equity Ratio | 118.6% |
How did GRONG perform over the long term?
See historical performance and comparisonDividends
6.7%
Current Dividend Yield61%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 11:50 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Grong Sparebank is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Žilvinas Jusaitis | Norne Securities AS |
| Ignas Lekštys | Norne Securities AS |