HGSB Stock Overview

A savings bank, provides various financial products and services to individuals and corporate customers in Norway. More details

HGSB fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 82% below our estimate of its fair value

Earnings are forecast to grow 57.2% per year

Became profitable this year

Risk Analysis

Does not have a meaningful market cap (NOK351M)

My Notes

Capture your thoughts, links and company narrative

Haugesund Sparebank Competitors

Sunndal Sparebank

OB:SUNSB

NOK 339.1m

Romsdal Sparebank

OB:ROMSB

NOK 349.5m

Romerike Sparebank

OB:ROMER

NOK 364.7m

Melhus Sparebank

OB:MELG

NOK 457.0m

Price History & Performance

Summary of share price highs, lows and changes for Haugesund Sparebank
Historical stock prices
Current Share Price	NOK 156.00
52 Week High	NOK 171.00
52 Week Low	NOK 124.98
Beta	0
1 Month Change	6.12%
3 Month Change	9.09%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	2.63%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	HGSB	NO Banks	NO Market
7D	4.0%	1.0%	1.5%
1Y	n/a	9.5%	0.5%

Return vs Industry: Insufficient data to determine how HGSB performed against the Norwegian Banks industry.

Return vs Market: Insufficient data to determine how HGSB performed against the Norwegian Market.

Price Volatility

Is HGSB's price volatile compared to industry and market?
HGSB volatility
HGSB Average Weekly Movement	4.4%
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	2.6%

Stable Share Price: HGSB has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: HGSB's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1928	71	Bente Syre	www.haugesund-sparebank.no

Haugesund Sparebank, a savings bank, provides various financial products and services to individuals and corporate customers in Norway. Its personal banking products and services include current, deposit, and association accounts; mortgage and consumer loans, as well as car, boat and other vehicle loans; savings accounts, shares and funds, pension savings accounts, and savings for children and young people; vehicle, boat and leisure, house and contents, and life and health insurance plans; and bank and credit cards, mobile and watch payments, payment apps, and online and mobile banking services. The company’s corporate banking products and services, such as business loans, overdrafts, agricultural credit, construction loans, agricultural loans, leasing solutions, and bank guarantees; current accounts, payment solutions, online business services, and savings and investment products; and insurance and pension plans.

Haugesund Sparebank Fundamentals Summary

How do Haugesund Sparebank's earnings and revenue compare to its market cap?
HGSB fundamental statistics
Market cap	NOK 351.00m
Earnings (TTM)	NOK 24.68m
Revenue (TTM)	NOK 439.12m

14.2x

P/E Ratio

0.2x

P/B Ratio

Is HGSB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HGSB income statement (TTM)
Revenue	NOK 439.12m
Cost of Revenue	NOK 0
Gross Profit	NOK 439.12m
Other Expenses	NOK 414.44m
Earnings	NOK 24.68m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	10.97
Gross Margin	100.00%
Net Profit Margin	5.62%
Debt/Equity Ratio	201.0%

How did HGSB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 05:25
End of Day Share Price	2024/12/30 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Haugesund 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