Høland og Setskog Sparebank, a savings bank, provides banking products and services to individuals and business clients. More Details
Very undervalued with proven track record.
Share Price & News
How has Høland og Setskog Sparebank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HSPG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HSPG's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HSPG underperformed the Norwegian Banks industry which returned 53% over the past year.
Return vs Market: HSPG underperformed the Norwegian Market which returned 34.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Høland og Setskog Sparebank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StIs It Smart To Buy Høland og Setskog Sparebank (OB:HSPG) Before It Goes Ex-Dividend?
4 months ago | Simply Wall StHow Does Høland og Setskog Sparebank (OB:HSPG) Stand Up To These Simple Dividend Safety Checks?
7 months ago | Simply Wall StIs Høland og Setskog Sparebank (OB:HSPG) At Risk Of Cutting Its Dividend?
Is Høland og Setskog Sparebank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HSPG (NOK125) is trading below our estimate of fair value (NOK1037.21)
Significantly Below Fair Value: HSPG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HSPG is good value based on its PE Ratio (1.6x) compared to the Norwegian Banks industry average (11.2x).
PE vs Market: HSPG is good value based on its PE Ratio (1.6x) compared to the Norwegian market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: HSPG is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: HSPG is good value based on its PB Ratio (0.1x) compared to the NO Banks industry average (0.6x).
How is Høland og Setskog Sparebank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HSPG's forecast earnings growth (7.2% per year) is above the savings rate (1.2%).
Earnings vs Market: HSPG's earnings (7.2% per year) are forecast to grow slower than the Norwegian market (17.4% per year).
High Growth Earnings: HSPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: HSPG's revenue (5.5% per year) is forecast to grow faster than the Norwegian market (4.5% per year).
High Growth Revenue: HSPG's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HSPG's Return on Equity is forecast to be low in 3 years time (9.5%).
How has Høland og Setskog Sparebank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HSPG has a high level of non-cash earnings.
Growing Profit Margin: HSPG's current net profit margins (39.3%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: HSPG's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: HSPG's earnings growth over the past year (1383.4%) exceeds its 5-year average (10.1% per year).
Earnings vs Industry: HSPG earnings growth over the past year (1383.4%) exceeded the Banks industry 12.9%.
Return on Equity
High ROE: HSPG's Return on Equity (8.3%) is considered low.
How is Høland og Setskog Sparebank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: HSPG's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: Insufficient data to determine if HSPG has a sufficient allowance for bad loans.
Low Risk Liabilities: 70% of HSPG's liabilities are made up of primarily low risk sources of funding.
Loan Level: HSPG has an appropriate level of Loans to Assets ratio (80%).
Low Risk Deposits: HSPG's Loans to Deposits ratio (128%) is high.
Level of Bad Loans: Insufficient data to determine if HSPG has an appropriate level of bad loans.
What is Høland og Setskog Sparebank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HSPG's dividend (4%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.9%).
High Dividend: HSPG's dividend (4%) is low compared to the top 25% of dividend payers in the Norwegian market (5.04%).
Stability and Growth of Payments
Stable Dividend: HSPG's dividend payments have been volatile in the past 10 years.
Growing Dividend: HSPG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.5%), HSPG's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HSPG's dividends in 3 years are forecast to be covered by earnings (58.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
John Bjørknes (58 yo)
Mr. John Sigurd Bjørknes serves as a Chief Executive Officer and served as Bank Manager of Høland og Setskog Sparebank since 2008 and served as its Managing Director since September 01, 2008. Mr. Bjørknes ...
Experienced Board: HSPG's board of directors are considered experienced (8.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Høland og Setskog Sparebank's company bio, employee growth, exchange listings and data sources
- Name: Høland og Setskog Sparebank
- Ticker: HSPG
- Exchange: OB
- Founded: 1849
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr85.988m
- Shares outstanding: 687.90k
- Website: https://hsbank.no
- Høland og Setskog Sparebank
- Bjørkeveien 20
Høland og Setskog Sparebank, a savings bank, provides banking products and services to individuals and business clients. The company offers various accounts, loans, mortgages, financing, fund savings and p...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 02:08|
|End of Day Share Price||2021/05/14 00:00|
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.