NISB Stock Overview
Nidaros Sparebank, a savings bank, provides loans, savings, insurance, pension products, and payment services for private and corporate customers in Norway.
Nidaros Sparebank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr120.00|
|52 Week High||kr133.00|
|52 Week Low||kr104.00|
|1 Month Change||-0.83%|
|3 Month Change||-9.77%|
|1 Year Change||10.09%|
|3 Year Change||18.79%|
|5 Year Change||n/a|
|Change since IPO||14.29%|
Recent News & Updates
|NISB||NO Banks||NO Market|
Return vs Industry: NISB exceeded the Norwegian Banks industry which returned -1% over the past year.
Return vs Market: NISB exceeded the Norwegian Market which returned 3.4% over the past year.
|NISB Average Weekly Movement||n/a|
|Banks Industry Average Movement||3.9%|
|Market Average Movement||7.3%|
|10% most volatile stocks in NO Market||12.7%|
|10% least volatile stocks in NO Market||3.9%|
Stable Share Price: Insufficient data to determine NISB's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine NISB's volatility change over the past year.
About the Company
Nidaros Sparebank, a savings bank, provides loans, savings, insurance, pension products, and payment services for private and corporate customers in Norway. It offers online banking services. The company was founded in 1858 and is based in Klæbu, Norway.
Nidaros Sparebank Fundamentals Summary
|NISB fundamental statistics|
Is NISB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NISB income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 12, 2022
|Earnings per share (EPS)||3.64|
|Net Profit Margin||4.26%|
How did NISB perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is NISB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NISB?
Other financial metrics that can be useful for relative valuation.
|What is NISB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NISB's PE Ratio compare to its peers?
|NISB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: NISB is expensive based on its Price-To-Earnings Ratio (33x) compared to the peer average (8.5x).
Price to Earnings Ratio vs Industry
How does NISB's PE Ratio compare vs other companies in the Norwegian Banks Industry?
Price-To-Earnings vs Industry: NISB is expensive based on its Price-To-Earnings Ratio (33x) compared to the Norwegian Banks industry average (11.3x)
Price to Earnings Ratio vs Fair Ratio
What is NISB'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.
|Current PE Ratio||33x|
|Fair PE Ratio||14.3x|
Price-To-Earnings vs Fair Ratio: NISB is expensive based on its Price-To-Earnings Ratio (33x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).
Share Price vs Fair Value
What is the Fair Price of NISB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NISB (NOK120) is trading below our estimate of fair value (NOK442.32)
Significantly Below Fair Value: NISB is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NISB is good value based on its PEG Ratio (0.8x)
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How is Nidaros Sparebank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NISB's forecast earnings growth (40.4% per year) is above the savings rate (1.1%).
Earnings vs Market: NISB's earnings (40.4% per year) are forecast to grow faster than the Norwegian market (1.5% per year).
High Growth Earnings: NISB's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NISB's revenue (7.5% per year) is forecast to grow faster than the Norwegian market (0.2% per year).
High Growth Revenue: NISB's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NISB's Return on Equity is forecast to be high in 3 years time
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How has Nidaros Sparebank performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NISB has high quality earnings.
Growing Profit Margin: NISB's current net profit margins (4.3%) are lower than last year (15.4%).
Past Earnings Growth Analysis
Earnings Trend: NISB's earnings have declined by 10.9% per year over the past 5 years.
Accelerating Growth: NISB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NISB had negative earnings growth (-73.3%) over the past year, making it difficult to compare to the Banks industry average (17.5%).
Return on Equity
High ROE: NISB's Return on Equity (4.6%) is considered low.
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How is Nidaros Sparebank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score3/6
Financial Health Score 3/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NISB's Assets to Equity ratio (8.1x) is low.
Allowance for Bad Loans: Insufficient data to determine if NISB has a sufficient allowance for bad loans.
Low Risk Liabilities: 76% of NISB's liabilities are made up of primarily low risk sources of funding.
Loan Level: NISB has an appropriate level of Loans to Assets ratio (85%).
Low Risk Deposits: NISB's Loans to Deposits ratio (127%) is high.
Level of Bad Loans: Insufficient data to determine if NISB has an appropriate level of bad loans.
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What is Nidaros Sparebank current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NISB's dividend (4.88%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.82%).
High Dividend: NISB's dividend (4.88%) is low compared to the top 25% of dividend payers in the Norwegian market (7.24%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NISB has been paying a dividend for less than 10 years.
Growing Dividend: NISB's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.2%), NISB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bjorn Riise (58 yo)
Mr. Bjørn Arne Riise serves as Chief Executive Officer of Nidaros Sparebank and serves as its Managing Director. Mr. Riise has been employed by Nidaros Sparebank in 2001. He served as Chairman of Terra Bol...
CEO Compensation Analysis
Compensation vs Market: Bjorn's total compensation ($USD196.33K) is below average for companies of similar size in the Norwegian market ($USD322.10K).
Compensation vs Earnings: Bjorn's compensation has been consistent with company performance over the past year.
Experienced Board: NISB's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nidaros Sparebank's employee growth, exchange listings and data sources
- Name: Nidaros Sparebank
- Ticker: NISB
- Exchange: OB
- Founded: 1858
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: kr135.429m
- Shares outstanding: 1.13m
- Website: https://nidaros-sparebank.no
Number of Employees
- Nidaros Sparebank
- Nordalsvegen 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/23 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.