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Klæburebank

OB:NISB-ME
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NISB-ME
OB
NOK116M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Klæbu Sparebank operates as a savings bank that provides loans, savings, insurance, pension products, and payment services for private and corporate customers in Norway. The last earnings update was 61 days ago. More info.


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NISB-ME Share Price and Events
7 Day Returns
1%
OB:NISB-ME
-0.9%
Europe Mortgage
0%
NO Market
1 Year Returns
-
OB:NISB-ME
-18%
Europe Mortgage
-5.4%
NO Market
NISB-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Klæburebank (NISB-ME) 1% -1.9% - - - -
Europe Mortgage -0.9% -2.1% -10% -18% 24.9% 12.3%
NO Market 0% 2.6% -4% -5.4% 27.5% 12.9%
1 Year Return vs Industry and Market
  • No trading data on NISB-ME.
  • No trading data on NISB-ME.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Klæburebank's competitors could be found in our database.

NISB-ME Value

 Is Klæburebank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Klæburebank is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Klæburebank has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Klæburebank. This is due to cash flow or dividend data being unavailable. The share price is NOK103.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Klæburebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Klæburebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:NISB-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK Not available
OB:NISB-ME Share Price ** OB (2019-07-15) in NOK NOK103
Europe Mortgage Industry PE Ratio Median Figure of 16 Publicly-Listed Mortgage Companies 8.75x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 14.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Klæburebank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Klæburebank, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Klæburebank's expected growth come at a high price?
Raw Data
OB:NISB-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.8%per year
Europe Mortgage Industry PEG Ratio Median Figure of 7 Publicly-Listed Mortgage Companies 0.99x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Klæburebank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Klæburebank's assets?
Raw Data
OB:NISB-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK Not available
OB:NISB-ME Share Price * OB (2019-07-15) in NOK NOK103
Europe Mortgage Industry PB Ratio Median Figure of 18 Publicly-Listed Mortgage Companies 0.67x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.15x

* Primary Listing of Klæburebank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PB ratio to the industry average as no data exists.

Next steps:

  1. Examine Klæburebank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Klæburebank's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Mortgage industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Klæburebank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Klæburebank has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NISB-ME Future Performance

 How is Klæburebank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Klæburebank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Klæburebank expected to grow at an attractive rate?
  • Klæburebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Klæburebank's earnings growth is positive but not above the Norway market average.
  • Unable to compare Klæburebank's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:NISB-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:NISB-ME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.8%
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:NISB-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:NISB-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 85 26
2018-12-31 82 44 24
2018-09-30 81 22
2018-06-30 81 23
2018-03-31 80 22
2017-12-31 79 -257 20
2017-09-30 76 20
2017-06-30 72 17
2017-03-31 72 18
2016-12-31 68 8 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Klæburebank's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Klæburebank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:NISB-ME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Klæburebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NISB-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31
2018-12-31
2018-09-30
2018-06-30
2018-03-31
2017-12-31
2017-09-30
2017-06-30
2017-03-31
2016-12-31 52.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Klæburebank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Klæburebank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Klæburebank has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NISB-ME Past Performance

  How has Klæburebank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Klæburebank's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Klæburebank's year on year earnings growth rate has been positive over the past 5 years.
  • Klæburebank's 1-year earnings growth exceeds its 5-year average (19.9% vs 19.3%)
  • Klæburebank's earnings growth has exceeded the Europe Mortgage industry average in the past year (19.9% vs 9.2%).
Earnings and Revenue History
Klæburebank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Klæburebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NISB-ME Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 85.02 25.89 40.72
2018-12-31 82.20 23.67 40.39
2018-09-30 81.42 22.50 41.53
2018-06-30 81.18 23.03 40.14
2018-03-31 80.40 21.59 41.73
2017-12-31 78.66 20.35 41.95
2017-09-30 76.44 19.68 41.34
2017-06-30 72.05 17.19 40.87
2017-03-31 71.70 17.79 39.84
2016-12-31 67.97 15.87 38.49
2015-12-31 63.58 13.13 36.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Klæburebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Klæburebank used its assets less efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Klæburebank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Klæburebank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Klæburebank has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NISB-ME Health

 How is Klæburebank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Klæburebank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Klæburebank Company Filings, last reported 3 months ago.

OB:NISB-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 360.87 790.87 41.40
2018-12-31 353.65 791.63 109.37
2018-09-30 352.75 780.66 39.89
2018-06-30 347.48 830.66 41.86
2018-03-31 340.48 830.77 39.63
2017-12-31 335.53 786.64 88.56
2017-09-30 334.88 649.05 38.63
2017-06-30 329.01 645.81 39.31
2017-03-31 282.44 494.82 40.06
2016-12-31 278.67 537.24 68.10
2015-12-31 264.72 580.04 95.35
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Klæburebank has an acceptable proportion of non-loan assets held.
  • Klæburebank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Klæburebank are broadly funded by customer deposits.
  • Klæburebank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Klæburebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Klæburebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Klæburebank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Klæburebank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NISB-ME Dividends

 What is Klæburebank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Klæburebank dividends.
If you bought NOK2,000 of Klæburebank shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Klæburebank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Klæburebank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:NISB-ME Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.4%
Norway Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Klæburebank has not reported any payouts.
  • Unable to verify if Klæburebank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Klæburebank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Klæburebank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Klæburebank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Klæburebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Klæburebank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NISB-ME Management

 What is the CEO of Klæburebank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bjørn Riise
COMPENSATION NOK1,826,000
AGE 56
CEO Bio

Mr. Bjørn Arne Riise served as Chairman of Terra Boligkreditt AS since 2015 and its Director from 2008 to January 29, 2018.

CEO Compensation
  • Insufficient data for Bjørn to compare compensation growth.
  • Bjørn's remuneration is lower than average for companies of similar size in Norway.
Management Team

Bjørn Riise

TITLE
Bank Manager
COMPENSATION
NOK2M
AGE
56

Torleif Lia

TITLE
Controller & Risk Manager
COMPENSATION
NOK1M

Bard Einar Brenne

TITLE
Credit Manager
COMPENSATION
NOK1M

Mariann Krogstad Bjørgen

TITLE
Lead Business Support
COMPENSATION
NOK1M
Board of Directors

Bente Haugrønning

TITLE
Chairman of the Board
COMPENSATION
NOK122K

Leif Lihaug

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK61K

Gøril Forbord

TITLE
Director
TENURE
1.3 yrs

Per Hangerhagen

TITLE
Director
TENURE
1.3 yrs

Johan Mæhre

TITLE
Employee Elected Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess Klæburebank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Klæburebank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NISB-ME News

Simply Wall St News

NISB-ME Company Info

Description

Klæbu Sparebank operates as a savings bank that provides loans, savings, insurance, pension products, and payment services for private and corporate customers in Norway. It offers payment and card services, VIPPS, and mobile and online banking services; children, auto, death fall, health, building, holiday home, property, income, critical illness, disability, UNG, and other insurance, as well as health policies; car loans, mortgages, and loans to other vehicles; and savings and pensions, including share savings accounts, bank and fund savings, BSU, IPS, retirement savings and pensions, and investor services to personal customers. The company also provides payment solutions and bank cards, net and mobile banking, billing solutions, and payment terminals; financing solutions, such as bank guarantees, construction loans, overdrafts, leasing, and corporate loans; liability, customer's, cyber, operational agriculture, commercial vehicle, property, health, landlord, home, craft, lice, breeding and crew, commercial, big car, staff, business travel, and occupational injuries insurance; other accounts; and savings and pensions, such as deposit and retirement pensions to small business customers in construction, property, trade and services, and agriculture industries. In addition, it is engaged in the rental of a lighthouse to public agencies, companies, or private individuals. The company was incorporated in 1857 and is headquartered in Klæbu, Norway with a branch office in Heimdal.

Details
Name: Klæbu Sparebank
NISB-ME
Exchange: OB
Founded: 1857
NOK116,242,813
1,128,571
Website: http://www.klabu-sparebank.no
Address: Klæbu Sparebank
Nordalsvegen 2,
Klæbu,
Sør-Trøndelag, 7540,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NISB-ME Share capital Oslo Bors NO NOK 14. Jun 2019
Number of employees
Current staff
Staff numbers
0
Klæburebank employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 22:37
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.