company background image
NISB

Nidaros Sparebank OB:NISB Stock Report

Last Price

kr120.00

Market Cap

kr135.4m

7D

-2.4%

1Y

10.1%

Updated

24 Jun, 2022

Data

Company Financials +
NISB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends1/6

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

Summary of all time highs, changes and price drops for Nidaros Sparebank
Historical stock prices
Current Share Pricekr120.00
52 Week Highkr133.00
52 Week Lowkr104.00
Beta-0.076
1 Month Change-0.83%
3 Month Change-9.77%
1 Year Change10.09%
3 Year Change18.79%
5 Year Changen/a
Change since IPO14.29%

Recent News & Updates

Shareholder Returns

NISBNO BanksNO Market
7D-2.4%-1.0%-3.4%
1Y10.1%-1.0%3.4%

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.

Price Volatility

Is NISB's price volatile compared to industry and market?
NISB volatility
NISB Average Weekly Movementn/a
Banks Industry Average Movement3.9%
Market Average Movement7.3%
10% most volatile stocks in NO Market12.7%
10% least volatile stocks in NO Market3.9%

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

FoundedEmployeesCEOWebsite
185825Bjorn Riisehttps://nidaros-sparebank.no

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

How do Nidaros Sparebank's earnings and revenue compare to its market cap?
NISB fundamental statistics
Market Capkr135.43m
Earnings (TTM)kr4.11m
Revenue (TTM)kr96.43m

33.0x

P/E Ratio

0.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NISB income statement (TTM)
Revenuekr96.43m
Cost of Revenuekr0
Gross Profitkr96.43m
Other Expenseskr92.33m
Earningskr4.11m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)3.64
Gross Margin100.00%
Net Profit Margin4.26%
Debt/Equity Ratio163.6%

How did NISB perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

93%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

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

  • PEG Ratio

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.

NISB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

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

NISB PE Ratio vs Peers
The above table shows the PE ratio for NISB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.5x

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.

NISB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33x
Fair PE Ratio14.3x

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)


Discover undervalued companies

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.4%

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


Discover growth companies

Past Performance

How has Nidaros Sparebank performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.9%

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.


Discover strong past performing companies

Financial Health

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

Financial Health Score

3/6

Financial Health Score 3/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


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.


Discover healthy companies

Dividend

What is Nidaros Sparebank current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.88%

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.


Discover strong dividend paying companies

Management

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

1.4yrs

Average board tenure


CEO

Bjorn Riise (58 yo)

no data

Tenure

kr1,955,000

Compensation

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.


Board Members

Experienced Board: NISB's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Nidaros Sparebank's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Nidaros Sparebank
  • Nordalsvegen 2
  • Klæbu
  • Sør-Trøndelag
  • 7540
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.