OB:HELG

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Helgeland Sparebank

Executive Summary

Helgeland Sparebank provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway. More Details


Snowflake Analysis

Established dividend payer with proven track record.


Similar Companies

Share Price & News

How has Helgeland Sparebank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HELG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

HELG

3.0%

NO Banks

-0.05%

NO Market


1 Year Return

-0.6%

HELG

-11.4%

NO Banks

-6.4%

NO Market

Return vs Industry: HELG exceeded the Norwegian Banks industry which returned -12.3% over the past year.

Return vs Market: HELG exceeded the Norwegian Market which returned -6.3% over the past year.


Shareholder returns

HELGIndustryMarket
7 Day-1.8%3.0%-0.05%
30 Day-1.2%2.9%-0.05%
90 Day2.5%-1.9%2.4%
1 Year3.4%-0.6%-10.6%-11.4%-3.2%-6.4%
3 Year-4.2%-13.9%-1.1%-10.5%2.9%-8.7%
5 Year71.9%41.2%62.9%32.5%43.9%14.5%

Price Volatility Vs. Market

How volatile is Helgeland Sparebank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

7.01x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HELG (NOK80.5) is trading above our estimate of fair value (NOK67.94)

Significantly Below Fair Value: HELG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HELG is good value based on its PE Ratio (7x) compared to the NO Banks industry average (9.6x).

PE vs Market: HELG is good value based on its PE Ratio (7x) compared to the Norwegian market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: HELG is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: HELG's PB Ratio (0.5x) is in line with the NO Banks industry average.


Next Steps

Future Growth

How is Helgeland Sparebank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HELG's forecast earnings growth (8.5% per year) is above the savings rate (1.6%).

Earnings vs Market: HELG's earnings (8.5% per year) are forecast to grow slower than the Norwegian market (33.1% per year).

High Growth Earnings: HELG's earnings are forecast to grow, but not significantly.

Revenue vs Market: HELG's revenue (1.6% per year) is forecast to grow slower than the Norwegian market (5.5% per year).

High Growth Revenue: HELG's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HELG's Return on Equity is forecast to be low in 3 years time (8.7%).


Next Steps

Past Performance

How has Helgeland Sparebank performed over the past 5 years?

-3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HELG has high quality earnings.

Growing Profit Margin: HELG's current net profit margins (34.5%) are higher than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: HELG's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: HELG's earnings growth over the past year (99%) exceeds its 5-year average (-3.2% per year).

Earnings vs Industry: HELG earnings growth over the past year (99%) exceeded the Banks industry -5.2%.


Return on Equity

High ROE: HELG's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Helgeland 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: HELG's Assets to Equity ratio (9.3x) is low.

Allowance for Bad Loans: HELG has a low allowance for bad loans (67%).

Low Risk Liabilities: 62% of HELG's liabilities are made up of primarily low risk sources of funding.

Loan Level: HELG has an appropriate level of Loans to Assets ratio (80%).

Low Risk Deposits: HELG's Loans to Deposits ratio (146%) is high.

Level of Bad Loans: HELG has a high level of bad loans (2%).


Next Steps

Dividend

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

6.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HELG's dividend (6.65%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.48%).

High Dividend: HELG's dividend (6.65%) is in the top 25% of dividend payers in the Norwegian market (6.61%)


Stability and Growth of Payments

Stable Dividend: HELG's dividend payments have been volatile in the past 10 years.

Growing Dividend: HELG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.6%), HELG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HELG's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).


Next Steps

Management

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

4.5yrs

Average board tenure


CEO

Hanne Nordgaard (48 yo)

3.08yrs

Tenure

kr2,562,000

Compensation

Ms. Hanne Johansen Nordgaard serves as a Director of Frende Holding AS. Ms. Nordgaard serves as Chief Executive Officer of Helgeland Sparebank since September 1, 2017. Ms. Nordgaard served as an Executive ...


CEO Compensation Analysis

Compensation vs Market: Hanne's total compensation ($USD275.35K) is below average for companies of similar size in the Norwegian market ($USD435.35K).

Compensation vs Earnings: Hanne's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Martin Søreng
Business Advisor5.75yrskr17.00no data
Inger-Lise Strøm
Supervisor5.75yrsno datano data
Marianne Steinrud
Vice Chair of Supervisory Board5.75yrskr75.00kno data
Nils Furunes
Director5.5yrskr110.00k0.027%
NOK 459.6k
Bjørn Risøy
Vice Chairman of the Board2.58yrskr205.00kno data
Stein Herigstad-Olsen
Chairman of the Board1.58yrskr222.00k0.0029%
NOK 49.0k
Per Hjorthen
Chairman of Supervisory Board5.75yrsno datano data
Marianne Steinmo
Director4.5yrskr110.00kno data
Birgitte Lorentzen
Employee Representative Director4.5yrskr115.00k0.0032%
NOK 53.1k
Geir Pedersen
Employee Representative Director3.5yrskr110.00k0.0038%
NOK 63.1k
Siw Moxness
Director1.58yrskr122.00k0.0012%
NOK 19.6k
Tone Hauge
Director1.58yrskr82.00kno data

4.5yrs

Average Tenure

47yo

Average Age

Experienced Board: HELG's board of directors are considered experienced (4.5 years average tenure).


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

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


Key Information

  • Name: Helgeland Sparebank
  • Ticker: HELG
  • Exchange: OB
  • Founded: 1860
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr1.679b
  • Shares outstanding: 20.86m
  • Website: https://www.hsb.no

Number of Employees


Location

  • Helgeland Sparebank
  • Jernbanegata 15
  • Mo i Rana
  • Nordland
  • 8622
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HELGOB (Oslo Bors)YesPrimary Capital CertificatesNONOKFeb 2000
HGDP.FOTCPK (Pink Sheets LLC)YesPrimary Capital CertificatesUSUSDFeb 2000
0EO8LSE (London Stock Exchange)YesPrimary Capital CertificatesGBNOKFeb 2000

Biography

Helgeland Sparebank provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway. The company operates in two segmen ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 22:24
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.