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HELG

SpareBank 1 HelgelandOB:HELG Stock Report

Market Cap

kr2.5b

7D

0%

1Y

44.2%

Updated

23 Sep, 2021

Data

Company Financials +
HELG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health3/6
Dividends4/6

HELG Overview

SpareBank 1 Helgeland provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway.

SpareBank 1 Helgeland Competitors

SpareBank 1 Nord-Norge

OB:NONG

kr9.2b

Grong Sparebank

OB:GRONG

kr410.2m

DNB Bank

OB:DNB

kr294.6b

Price History & Performance

Summary of all time highs, changes and price drops for SpareBank 1 Helgeland
Historical stock prices
Current Share Pricekr119.00
52 Week Highkr78.50
52 Week Lowkr125.00
Beta0.71
1 Month Change2.59%
3 Month Change0%
1 Year Change44.24%
3 Year Change40.00%
5 Year Change76.30%
Change since IPO-11.85%

Recent News & Updates

Shareholder Returns

HELGNO BanksNO Market
7D0%1.3%0.5%
1Y44.2%42.5%25.9%

Return vs Industry: HELG exceeded the Norwegian Banks industry which returned 40.3% over the past year.

Return vs Market: HELG exceeded the Norwegian Market which returned 22.8% over the past year.

Price Volatility

Is HELG's price volatile compared to industry and market?
HELG volatility
HELG Beta0.71
Industry Beta0.87
Market Beta1

Stable Share Price: HELG is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HELG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1860143Hanne Nordgaardhttps://www.sparebank1.no/nb/helgeland/privat.html

SpareBank 1 Helgeland provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway. The company operates in two segments, Retail Market and Corporate Market. It offers savings, investment, and insurance products, as well as leasing and mortgage services.

SpareBank 1 Helgeland Fundamentals Summary

How do SpareBank 1 Helgeland's earnings and revenue compare to its market cap?
HELG fundamental statistics
Market Capkr2.48b
Earnings (TTM)kr229.00m
Revenue (TTM)kr815.00m

10.8x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HELG income statement (TTM)
Revenuekr815.00m
Cost of Revenuekr0
Gross Profitkr815.00m
Expenseskr586.00m
Earningskr229.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)11.03
Gross Margin100.00%
Net Profit Margin28.10%
Debt/Equity Ratio261.9%

How did HELG perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is SpareBank 1 Helgeland undervalued compared to its fair value and its price relative to the market?

10.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HELG (NOK119) is trading above our estimate of fair value (NOK107.47)

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 (10.8x) compared to the Norwegian Banks industry average (11.1x).

PE vs Market: HELG is good value based on its PE Ratio (10.8x) compared to the Norwegian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: HELG is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: HELG's PB Ratio (0.6x) is in line with the NO Banks industry average.


Future Growth

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

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HELG's forecast earnings growth (16.2% per year) is above the savings rate (1.2%).

Earnings vs Market: HELG's earnings (16.2% per year) are forecast to grow faster than the Norwegian market (10.1% per year).

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

Revenue vs Market: HELG's revenue (12.2% per year) is forecast to grow faster than the Norwegian market (5.7% per year).

High Growth Revenue: HELG's revenue (12.2% 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 (9.4%).


Past Performance

How has SpareBank 1 Helgeland performed over the past 5 years?

-0.02%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HELG has high quality earnings.

Growing Profit Margin: HELG's current net profit margins (28.1%) are lower than last year (32.8%).


Past Earnings Growth Analysis

Earnings Trend: HELG's earnings have declined by 0.02% per year over the past 5 years.

Accelerating Growth: HELG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HELG had negative earnings growth (-5%) over the past year, making it difficult to compare to the Banks industry average (20.4%).


Return on Equity

High ROE: HELG's Return on Equity (8.1%) is considered low.


Financial Health

How is SpareBank 1 Helgeland'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 (9x) is low.

Allowance for Bad Loans: HELG has a low allowance for bad loans (48%).

Low Risk Liabilities: 67% 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 (78%).

Low Risk Deposits: HELG's Loans to Deposits ratio (131%) is high.

Level of Bad Loans: HELG has a high level of bad loans (2.2%).


Dividend

What is SpareBank 1 Helgeland current dividend yield, its reliability and sustainability?

2.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HELG's dividend (2.61%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.92%).

High Dividend: HELG's dividend (2.61%) is low compared to the top 25% of dividend payers in the Norwegian market (5.09%).


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 (28.1%), 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 (47.5% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Hanne Nordgaard (49 yo)

4yrs

Tenure

kr2,755,000

Compensation

Ms. Hanne Johansen Nordgaard serves as a Director of Frende Holding AS. Ms. Nordgaard serves as Chief Executive Officer of SpareBank 1 Helgeland (formerly known as Helgeland Sparebank) since September 1, 2...


CEO Compensation Analysis

Compensation vs Market: Hanne's total compensation ($USD321.13K) is below average for companies of similar size in the Norwegian market ($USD501.99K).

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


Leadership Team

Experienced Management: HELG's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: HELG's board of directors are considered experienced (5.4 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

SpareBank 1 Helgeland's employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • SpareBank 1 Helgeland
  • PO Box 68
  • Mo i Rana
  • Nordland
  • 8601
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:39
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.