Høland og Setskog Sparebank

OB:HSPG Stock Report

Market Cap: NOK 100.4m

Høland og Setskog Sparebank Valuation

Is HSPG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HSPG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 851.07
Fair Value
82.8% undervalued intrinsic discount
1
Number of Analysts

Below Fair Value: HSPG (NOK146) is trading below our estimate of fair value (NOK851.07)

Significantly Below Fair Value: HSPG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HSPG?

Key metric: As HSPG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HSPG. This is calculated by dividing HSPG's market cap by their current earnings.
What is HSPG's PE Ratio?
PE Ratio17.3x
EarningsNOK 5.81m
Market CapNOK 100.43m

Price to Earnings Ratio vs Peers

How does HSPG's PE Ratio compare to its peers?

The above table shows the PE ratio for HSPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.1x
NISB Nidaros Sparebank
19.6x29.8%NOK 117.4m
SOGN Sogn Sparebank
13.5x23.7%NOK 183.9m
FFSB Flekkefjord Sparebank
1.4x3.9%NOK 170.3m
AASB Aasen Sparebank
9.9x17.5%NOK 214.5m
HSPG Høland og Setskog Sparebank
17.3x52.2%NOK 100.4m

Price-To-Earnings vs Peers: HSPG is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

How does HSPG's PE Ratio compare vs other companies in the NO Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FFSB Flekkefjord Sparebank
1.4x3.9%US$14.91m
No more companies available in this PE range
HSPG 17.3xIndustry Avg. 9.4xNo. of Companies14PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HSPG is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the Norwegian Banks industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is HSPG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HSPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: HSPG is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Price Target
Consensus Narrative from 1 Analyst
NOK 118.00
Fair Value
23.7% overvalued intrinsic discount
1
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/17 07:26
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Høland og Setskog Sparebank is covered by 1 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.

AnalystInstitution
Žilvinas JusaitisNorne Securities AS