Executive Summary
SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has SpareBank 1 Nord-Norge's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NONG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.8%
NONG
1.5%
NO Banks
3.3%
NO Market
1 Year Return
-11.8%
NONG
-30.0%
NO Banks
-21.8%
NO Market
Return vs Industry: NONG exceeded the Norwegian Banks industry which returned -29.4% over the past year.
Return vs Market: NONG exceeded the Norwegian Market which returned -21.8% over the past year.
Shareholder returns
| NONG | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.8% | 1.5% | 3.3% |
| 30 Day | -8.3% | -8.6% | 1.9% |
| 90 Day | -26.9% | -31.6% | -22.7% |
| 1 Year | -5.0%-11.8% | -26.6%-30.0% | -18.6%-21.8% |
| 3 Year | 20.3%-1.2% | -4.7%-16.4% | 3.9%-8.8% |
| 5 Year | 89.6%39.1% | 11.2%-11.5% | 16.8%-9.4% |
Price Volatility Vs. Market
How volatile is SpareBank 1 Nord-Norge's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
May Nilsen of SpareBank 1 Nord-Norge (OB:NONG) Just Spent kr52k On Shares1 month ago | Simply Wall St
How Much Of SpareBank 1 Nord-Norge (OB:NONG) Do Institutions Own?1 month ago | Simply Wall St
Should SpareBank 1 Nord-Norge (OB:NONG) Be Part Of Your Dividend Portfolio?Valuation
Is SpareBank 1 Nord-Norge undervalued compared to its fair value and its price relative to the market?
42.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NONG (NOK57.3) is trading below our estimate of fair value (NOK100.39)
Significantly Below Fair Value: NONG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NONG is good value based on its PE Ratio (6.1x) compared to the Banks industry average (6.9x).
PE vs Market: NONG is good value based on its PE Ratio (6.1x) compared to the Norwegian market (10.7x).
Price to Earnings Growth Ratio
PEG Ratio: NONG is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: NONG is good value based on its PB Ratio (0.4x) compared to the NO Banks industry average (0.4x).
Next Steps
Future Growth
How is SpareBank 1 Nord-Norge forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
14.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NONG's forecast earnings growth (14.2% per year) is above the savings rate (0.7%).
Earnings vs Market: NONG's earnings (14.2% per year) are forecast to grow slower than the Norwegian market (21.5% per year).
High Growth Earnings: NONG's earnings are forecast to grow, but not significantly.
Revenue vs Market: NONG's revenue is expected to decline over the next 3 years (-1.5% per year).
High Growth Revenue: NONG's revenue is forecast to decline over the next 3 years (-1.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NONG's Return on Equity is forecast to be low in 3 years time (11.4%).
Next Steps
Past Performance
How has SpareBank 1 Nord-Norge performed over the past 5 years?
26.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NONG has high quality earnings.
Growing Profit Margin: NONG's current net profit margins (23%) are higher than last year (20.9%).
Past Earnings Growth Analysis
Earnings Trend: NONG's earnings have grown significantly by 26.9% per year over the past 5 years.
Accelerating Growth: NONG's earnings growth over the past year (33.1%) exceeds its 5-year average (26.9% per year).
Earnings vs Industry: NONG earnings growth over the past year (33.1%) exceeded the Banks industry 18.4%.
Return on Equity
High ROE: NONG's Return on Equity (14.6%) is considered low.
Next Steps
Financial Health
How is SpareBank 1 Nord-Norge'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: NONG's level of assets compared to its equity is low.
Allowance for Bad Loans: NONG has a sufficient allowance for bad loans.
Low Risk Liabilities: NONG's liabilities are made up of primarily low risk sources of funding.
Loan Level: NONG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NONG's loans are broadly funded by customer deposits.
Level of Bad Loans: NONG has an appropriate level of bad loans (0.43%)
Next Steps
Dividend
What is SpareBank 1 Nord-Norge's current dividend yield, its reliability and sustainability?
6.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NONG's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.74%).
High Dividend: NONG's dividend (6.98%) is low compared to the top 25% of dividend payers in the Norwegian market (7.75%).
Stability and Growth of Payments
Stable Dividend: NONG's dividend payments have been volatile in the past 10 years.
Growing Dividend: NONG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.5%), NONG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NONG's dividends in 3 years are forecast to be covered by earnings (59.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Liv Ulriksen
0.17
Tenure
kr2,369,000
Compensation
Ms. Liv Bortne Ulriksen has been Acting Chief Executive Officer at SpareBank 1 Nord-Norge since February 26, 2020. She served as Chief Risk Officer at SpareBank 1 Nord-Norge until February 26, 2020. She se ...
CEO Compensation Analysis
Compensation vs Market: Liv's total compensation ($USD231.27K) is below average for companies of similar size in the Norwegian market ($USD397.08K).
Compensation vs Earnings: Liv's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Acting Chief Executive Officer | 0.17yr | kr2.37m | 0.084% NOK4.9m | |
| Chief Financial Officer | 1yr | kr221.00k | 0.014% NOK817.5k | |
| Chief Technology Officer | 2.42yrs | kr2.25m | 0.078% NOK4.5m | |
| Chief Marketing Officer | 0.25yr | kr2.24m | 0.036% NOK2.0m | |
| Executive Vice President of Corporate Banking | 2.42yrs | kr2.48m | 0.079% NOK4.5m | |
| Executive Vice President of Personal Banking | 2.42yrs | kr1.87m | 0.079% NOK4.5m | |
| Director of SNN Markets | 7.25yrs | kr1.82m | no data | |
| Compliance Manager | no data | no data | no data | |
| Chief Communications Officer | no data | no data | 0.0047% NOK272.1k | |
| Chief of Staff | 0.25yr | no data | 0.0015% NOK89.2k |
1.7yrs
Average Tenure
Experienced Management: NONG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NONG 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
SpareBank 1 Nord-Norge's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SpareBank 1 Nord-Norge
- Ticker: NONG
- Exchange: OB
- Founded: 1836
- Industry: Regional Banks
- Sector: Banks
- Market Cap: kr5.753b
- Shares outstanding: 100.40m
- Website: https://www.sparebank1.no/nb/nord-norge
Number of Employees
Location
- SpareBank 1 Nord-Norge
- Sjøgata 8
- Tromsø
- Troms
- 9008
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NONG | OB (Oslo Bors) | Yes | Primary Capital Certificates | NO | NOK | May 1994 |
| 0J1N | LSE (London Stock Exchange) | Yes | Primary Capital Certificates | GB | NOK | May 1994 |
| SPXX.F | OTCPK (Pink Sheets LLC) | Yes | Primary Capital Certificates | US | USD | May 1994 |
| NONGO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Primary Capital Certificates | GB | NOK | May 1994 |
| 93S | DB (Deutsche Boerse AG) | Yes | Primary Capital Certificates | DE | EUR | May 1994 |
Biography
SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The company offers various savings, lending, and insurance products, as well as payment services. Its activities also include hedging instruments and trading in interest rate and currency instruments; hedging instruments in the commodity derivatives market; sale of Norwegian bonds and certificates, as well as bond market issues; purchase and sale of equities and fund units; and provision of corporate finance, as well as trading and investment advice services. In addition, the company is involved in leasing, consumer financing, real estate brokerage, and accounting operations. It operates through a network of 38 offices across 36 municipalities in Nordland, Troms, Finnmark, and Svalbard. The company was founded in 1836 and is headquartered in Tromsø, Norway.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/10 01:24 |
| End of Day Share Price | 2020/04/08 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.