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Høland og Setskog Sparebank

Market Cap

kr86.0m

Last Updated

2021/05/18 02:08 UTC

Data Sources

Company Financials +

Executive Summary

Høland og Setskog Sparebank, a savings bank, provides banking products and services to individuals and business clients. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

3.3%

HSPG

1.1%

NO Banks

-0.7%

NO Market


1 Year Return

2.5%

HSPG

53.0%

NO Banks

34.5%

NO Market

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.


Shareholder returns

HSPGIndustryMarket
7 Day3.3%1.1%-0.7%
30 Day0.8%-0.8%-2.5%
90 Day-8.1%11.3%2.7%
1 Year2.5%2.5%59.9%53.0%39.4%34.5%
3 Year45.2%27.6%34.5%21.6%11.6%-0.5%
5 Year53.5%22.5%121.5%84.5%75.4%43.4%

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

Valuation

Is Høland og Setskog Sparebank undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Høland og Setskog Sparebank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

7.2%

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%).


Past Performance

How has Høland og Setskog Sparebank performed over the past 5 years?

10.1%

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.


Financial Health

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


Balance Sheet


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.


Dividend

What is Høland og Setskog Sparebank current dividend yield, its reliability and sustainability?

4.00%

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).


Next Steps

Management

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

8.8yrs

Average board tenure


CEO

John Bjørknes (58 yo)

12.67yrs

Tenure

kr1,277,000

Compensation

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 ...


Board Members

Experienced Board: HSPG's board of directors are considered experienced (8.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Høland og Setskog Sparebank's company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Høland og Setskog Sparebank
  • Bjørkeveien 20
  • Bjørkelangen
  • Akershus
  • 1940
  • Norway

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 02:08
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
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.