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Helgelandrebank

OB:HELG
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HELG
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Helgeland Sparebank operates as an independent savings bank in Norway. The last earnings update was 74 days ago. More info.


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HELG Share Price and Events
7 Day Returns
-1.9%
OB:HELG
-1.9%
NO Banks
0%
NO Market
1 Year Returns
-5.4%
OB:HELG
3%
NO Banks
-5.4%
NO Market
HELG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Helgelandrebank (HELG) -1.9% 0% 4.6% -5.4% 32.5% 52.9%
NO Banks -1.9% 6.3% -2.1% 3% 67.5% 49.7%
NO Market 0% 2.6% -4% -5.4% 27.5% 12.9%
1 Year Return vs Industry and Market
  • HELG underperformed the Banks industry which returned 3% over the past year.
  • HELG matched the Norway Market (-5.4%) over the past year.
Price Volatility
HELG
Industry
5yr Volatility vs Market

Value

 Is Helgelandrebank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Helgelandrebank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Helgelandrebank.

OB:HELG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK126.57 * 8.8%
NOK11.13
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. NOK126.57
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:HELG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 23%) (758.45%))
3.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:HELG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Helgelandrebank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:HELG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.8% – 13.68%) * NOK126.57)
NOK-6.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-6.19 / (13.68% - 1.76%)
NOK-51.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK126.57 + NOK-51.92
NOK74.65
OB:HELG Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK74.65
Current discount Discount to share price of NOK79.50
= -1 x (NOK79.50 - NOK74.65) / NOK74.65
-6.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Helgelandrebank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Helgelandrebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Helgelandrebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:HELG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK NOK4.96
OB:HELG Share Price ** OB (2019-07-15) in NOK NOK79.5
Norway Banks Industry PE Ratio Median Figure of 31 Publicly-Listed Banks Companies 8.58x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 14.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Helgelandrebank.

OB:HELG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:HELG Share Price ÷ EPS (both in NOK)

= 79.5 ÷ 4.96

16.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Helgelandrebank is overvalued based on earnings compared to the NO Banks industry average.
  • Helgelandrebank is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Helgelandrebank's expected growth come at a high price?
Raw Data
OB:HELG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.6%per year
Norway Banks Industry PEG Ratio Median Figure of 28 Publicly-Listed Banks Companies 0.61x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

OB:HELG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.03x ÷ 18.6%

0.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Helgelandrebank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Helgelandrebank's assets?
Raw Data
OB:HELG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK NOK160.93
OB:HELG Share Price * OB (2019-07-15) in NOK NOK79.5
Norway Banks Industry PB Ratio Median Figure of 31 Publicly-Listed Banks Companies 0.5x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.15x
OB:HELG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:HELG Share Price ÷ Book Value per Share (both in NOK)

= 79.5 ÷ 160.93

0.49x

* Primary Listing of Helgelandrebank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Helgelandrebank is good value based on assets compared to the NO Banks industry average.
X
Value checks
We assess Helgelandrebank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Helgelandrebank has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Helgelandrebank expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Helgelandrebank expected to grow at an attractive rate?
  • Helgelandrebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Helgelandrebank's earnings growth is expected to exceed the Norway market average.
  • Helgelandrebank's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:HELG Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:HELG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.6%
OB:HELG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.1%
Norway Banks Industry Earnings Growth Rate Market Cap Weighted Average 0.3%
Norway Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:HELG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:HELG Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 786 326 3
2020-12-31 756 308 3
2019-12-31 713 294 3
OB:HELG Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 471 -896 104
2018-12-31 471 -822 105
2018-09-30 581 -1,613 169
2018-06-30 606 -2,057 183
2018-03-31 636 -1,526 206
2017-12-31 623 -1,931 198
2017-09-30 648 -2,265 206
2017-06-30 648 -1,603 204
2017-03-31 663 -1,974 215
2016-12-31 654 -1,596 255
2016-09-30 668 -477 259
2016-06-30 621 -1,243 236

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Helgelandrebank's earnings are expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
  • Helgelandrebank's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:HELG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Helgelandrebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HELG Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 11.88 12.50 11.26 3.00
2020-12-31 11.23 11.72 10.83 3.00
2019-12-31 10.76 11.67 10.21 3.00
OB:HELG Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31 4.96
2018-12-31 5.03
2018-09-30 8.09
2018-06-30 8.78
2018-03-31 9.68
2017-12-31 9.49
2017-09-30 10.03
2017-06-30 10.16
2017-03-31 11.25
2016-12-31 13.46
2016-09-30 14.08
2016-06-30 12.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Helgelandrebank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Helgelandrebank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Helgelandrebank has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Helgelandrebank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Helgelandrebank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Helgelandrebank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Helgelandrebank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Helgelandrebank's 1-year earnings growth is negative, it can't be compared to the NO Banks industry average.
Earnings and Revenue History
Helgelandrebank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Helgelandrebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HELG Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 471.00 104.00 224.00
2018-12-31 471.00 105.00 224.00
2018-09-30 581.00 168.60 23.00
2018-06-30 606.00 183.25 23.00
2018-03-31 636.00 206.00 215.00
2017-12-31 623.00 198.00 215.00
2017-09-30 648.00 206.35 23.00
2017-06-30 648.00 203.98 23.00
2017-03-31 663.00 215.13 23.00
2016-12-31 654.00 255.00 23.00
2016-09-30 668.00 259.36 22.00
2016-06-30 621.00 235.86 22.00
2016-03-31 567.00 200.87 22.00
2015-12-31 562.00 156.00 22.00
2015-09-30 542.00 147.64 66.00
2015-06-30 565.00 169.84 121.00
2015-03-31 583.00 184.00 171.00
2014-12-31 570.00 180.00 223.00
2014-09-30 556.00 178.00 198.00
2014-06-30 540.00 163.00 193.00
2014-03-31 524.00 165.00 194.00
2013-12-31 505.00 145.00 190.00
2013-09-30 476.00 134.00 188.00
2013-06-30 450.00 132.00 185.00
2013-03-31 414.00 109.00 185.00
2012-12-31 405.00 123.00 187.00
2012-09-30 371.00 108.00 174.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Helgelandrebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Helgelandrebank used its assets less efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Helgelandrebank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Helgelandrebank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Helgelandrebank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Helgelandrebank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Helgelandrebank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Helgelandrebank Company Filings, last reported 3 months ago.

OB:HELG Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,356.00 12,567.00 795.00
2018-12-31 3,322.00 12,281.00 597.00
2018-09-30 3,357.00 12,234.00 685.00
2018-06-30 3,299.00 11,876.00 961.00
2018-03-31 3,273.00 11,821.00 1,051.00
2017-12-31 3,287.00 11,430.00 676.00
2017-09-30 3,186.00 10,850.00 746.00
2017-06-30 3,104.00 10,327.00 934.00
2017-03-31 3,054.00 10,551.00 703.00
2016-12-31 3,208.00 9,846.00 705.00
2016-09-30 2,755.00 10,319.00 781.00
2016-06-30 2,667.00 10,192.00 813.00
2016-03-31 2,616.00 10,110.00 817.00
2015-12-31 2,555.00 9,927.00 728.00
2015-09-30 2,175.00 10,073.00 580.00
2015-06-30 2,145.00 9,428.00 818.00
2015-03-31 2,118.00 9,213.00 726.00
2014-12-31 2,179.00 9,724.00 939.00
2014-09-30 2,140.00 10,050.00 848.00
2014-06-30 2,066.00 10,259.00 1,173.00
2014-03-31 2,014.00 10,433.00 925.00
2013-12-31 1,988.00 10,760.00 869.00
2013-09-30 1,911.00 11,345.00 989.00
2013-06-30 1,859.00 11,431.00 1,124.00
2013-03-31 1,796.00 11,234.00 573.00
2012-12-31 1,797.00 11,388.00 571.00
2012-09-30 1,736.00 11,194.00 318.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Helgelandrebank has an acceptable proportion of non-loan assets held.
  • Helgelandrebank's liabilities are made up of primarily low risk sources of funding.
  • Helgelandrebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Helgelandrebank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Helgelandrebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Helgelandrebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Helgelandrebank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Helgelandrebank has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Helgelandrebank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.01%
Current annual income from Helgelandrebank dividends. Estimated to be 6.43% next year.
If you bought NOK2,000 of Helgelandrebank shares you are expected to receive NOK40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Helgelandrebank's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.44%).
  • Helgelandrebank's dividend is below the markets top 25% of dividend payers in Norway (6.33%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:HELG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Norway Banks Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 5%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.4%
Norway Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:HELG Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.60 3.00
2020-12-31 5.23 3.00
2019-12-31 4.50 3.00
OB:HELG Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-27 1.600 2.043
2019-02-06 1.600 2.233
2018-03-22 4.000 5.043
2018-02-07 4.000 4.369
2017-04-03 3.750 4.236
2017-02-08 3.750 4.438
2016-03-09 2.750 4.084
2016-02-10 2.750 4.630
2015-03-02 2.500 4.291
2015-02-11 2.500 4.390
2014-04-03 1.800 3.383
2014-02-12 1.800 3.630
2013-03-21 1.300 3.205
2013-01-15 1.300 3.625
2012-04-30 1.900 6.291
2011-04-08 2.750 7.519
2011-02-14 2.750 5.757
2010-03-03 1.167 2.609
2010-01-05 1.167 2.679
2009-02-10 2.667 7.125

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Helgelandrebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Helgelandrebank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Helgelandrebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Helgelandrebank has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Helgelandrebank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hanne Nordgaard
COMPENSATION NOK2,388,000
AGE 47
TENURE AS CEO 1.8 years
CEO Bio

Ms. Hanne J. Nordgaard serves as Chief Executive Officer of Helgeland Sparebank since September 1, 2017. Ms. Nordgaard served as an Executive Vice President of Helgeland Region and Senior Group General Manager at SpareBank 1 Nord-Norge until December 31, 2016. She serves as Chairman of the Board at Helgeland Boligkreditt AS since September 1, 2017. Ms. Nordgaard served as Regional Director of Helgeland at SpareBank 1 Nord-Norge. She serves as Member of the Supervisory Board at SpareBank 1 Naeringskreditt AS. She served as a Director at SpareBank 1 Nord-Norge. She serves as Member of Committee of Representatives at SpareBank 1 Boligkreditt AS.

CEO Compensation
  • Hanne's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hanne's remuneration is lower than average for companies of similar size in Norway.
Management Team

Hanne Nordgaard

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
AGE
47
TENURE
1.8 yrs

Sverre Klausen

TITLE
CFO & Finance Director
COMPENSATION
NOK2M
AGE
60
TENURE
4.5 yrs

Ranveig Kråkstad

TITLE
Chief Accounting Officer & Economic Director
COMPENSATION
NOK1M
AGE
61

Dag Hugo Heimstad

TITLE
Private Market Director & Director of Retail Market
COMPENSATION
NOK2M
AGE
51

Martin Søreng

TITLE
Business Advisor
COMPENSATION
NOK17
Board of Directors Tenure

Average tenure and age of the Helgelandrebank board of directors in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the Helgelandrebank board of directors is about average.
Board of Directors

Ove Brattbakk

TITLE
Chairman of the Board
COMPENSATION
NOK304K
AGE
64
TENURE
4.3 yrs

Bjørn Risøy

TITLE
Vice Chairman of the Board
COMPENSATION
NOK169K
AGE
44
TENURE
1.3 yrs

Martin Søreng

TITLE
Business Advisor
COMPENSATION
NOK17
TENURE
4.5 yrs

Øyvin Trønsdal

TITLE

Per Hjorthen

TITLE
Chairman of Trustee
TENURE
4.5 yrs

Marianne Steinrud

TITLE
Vice Chairman of Trustees
COMPENSATION
NOK75K
AGE
51
TENURE
4.5 yrs

Brynjar Forbergskog

TITLE
AGE
61

Nils Furunes

TITLE
Director
COMPENSATION
NOK108K
TENURE
4.5 yrs

Inga-Marie Lund

TITLE
Director
COMPENSATION
NOK108K
TENURE
4.5 yrs

Eva Hestvik

TITLE
Director
COMPENSATION
NOK172K
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Helgelandrebank individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
16. May 19 Buy Stein Herigstad-Olsen Individual 16. May 19 16. May 19 610 NOK81.00 NOK49,410
14. Feb 19 Buy Ove Brattbakk Individual 14. Feb 19 14. Feb 19 500 NOK71.00 NOK35,500
13. Feb 19 Buy Ove Brattbakk Individual 13. Feb 19 13. Feb 19 2,000 NOK70.85 NOK141,700
12. Feb 19 Buy Hanne Nordgaard Individual 12. Feb 19 12. Feb 19 700 NOK70.00 NOK49,000
09. Nov 18 Buy Eva Hestvik Individual 09. Nov 18 09. Nov 18 550 NOK74.50 NOK40,975
30. Sep 18 Buy Sparebankstiftelsen Helgeland, Endowment Arm Company 28. Sep 18 28. Sep 18 60,000 NOK83.83 NOK5,029,800
X
Management checks
We assess Helgelandrebank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Helgelandrebank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Helgeland Sparebank (OB:HELG) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Helgeland Sparebank (OB:HELG). … OB:HELG Recent Insider Trading, June 11th 2019 There are plenty of other companies that have insiders buying up shares. … Insider Ownership of Helgelandrebank Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

Could Helgeland Sparebank's (OB:HELG) Investor Composition Influence The Stock Price?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … Helgelandrebank is a smaller company with a market capitalization of øre1.6b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Helgeland Sparebank (OB:HELG): Ex-Dividend Is In 3 Days

If you are interested in cashing in on Helgeland Sparebank's (OB:HELG) upcoming dividend of øre1.60 per share, you only have 3 days left to buy the shares before its ex-dividend date, 28 March 2019, in time for dividends payable on the 10 April 2019. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:? … Is it paying an annual yield above 75% of dividend payers?

Simply Wall St -

Financial Metrics For Helgeland Sparebank (OB:HELG)

Since a bank profits from reinvesting its clients’ deposits in the form of loans, negative economic growth may lower deposit levels and demand for loan, adversely impacting its cash flow. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Sufficient liquidity and low levels of leverage could place the bank in a safe place in case of unexpected macro headwinds.

Simply Wall St -

Should Helgeland Sparebank (OB:HELG) Be Part Of Your Dividend Portfolio?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Historically, Helgeland Sparebank (OB:HELG) has been paying a dividend to shareholders.

Simply Wall St -

Why These Fundamentals Make Helgeland Sparebank’s (OB:HELG) More Attractive

As a small-cap finance stock with a market capitalisation of øre1.5b, the risk and profitability of Helgeland Sparebank (OB:HELG) are largely tied to the underlying economic growth of the region it operates in NO. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … We can measure this risk exposure by analysing three metrics for leverage and liquidity which I will take you through today.

Simply Wall St -

Does The Hype Around Helgeland Sparebank's (OB:HELG) Growth Justify Its October Share Price?

Helgeland Sparebank (OB:HELG) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of NOK77 is based on unrealistic expectations. … See our latest analysis for Helgelandrebank? … Investors in Helgelandrebank have been patiently waiting for the uptick in earnings.

Simply Wall St -

Real Risks To Know Before Investing In Helgeland Sparebank (OB:HELG)

Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … This is because growth determines the stability of a borrower’s salary as well as the level of interest rates. … Today I will take you through some bad debt and liability measures to analyse the level of risky assets held by the bank.

Simply Wall St -

Is Helgeland Sparebank (OB:HELG) Attractive At This PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes HELG appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Why These Fundamentals Make Helgeland Sparebank’s (OB:HELG) More Attractive

Since a bank profits from reinvesting its clients’ deposits in the form of loans, negative economic growth may lower deposit levels and demand for loan, adversely impacting its cash flow. … Sufficient liquidity and low levels of leverage could place the bank in a safe place in case of unexpected macro headwinds. … Today we will be measuring Helgelandrebank’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Company Info

Description

Helgeland Sparebank operates as an independent savings bank in Norway. It offers savings products, funds, and stocks and bonds; mortgage, home, car, boat, and consumer loans; and vehicle, boat and leisure, and life and health, as well as house, cottage, and household goods insurance. The company also provides card and payment services; and rents out real estate properties. It operates 14 offices in 13 municipalities in the Helgeland region. The company was founded in 1860 and is headquartered in Mo i Rana, Norway. Helgeland Sparebank is a subsidiary of SpareBank 1 SMN.

Details
Name: Helgeland Sparebank
HELG
Exchange: OB
Founded: 1860
NOK1,656,923,179
20,841,801
Website: http://www.hsb.no
Address: Helgeland Sparebank
Jernbanegata 15,
Mo i Rana,
Nordland, 8622,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB HELG Primary Capital Certificates Oslo Bors NO NOK 08. Feb 2000
Number of employees
Current staff
Staff numbers
155
Helgelandrebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 20:35
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/06/25
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.