Executive Summary
SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -4.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with solid track record 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.1%
NONG
0.6%
NO Banks
0.5%
NO Market
1 Year Return
14.8%
NONG
5.8%
NO Banks
-0.5%
NO Market
Return vs Industry: NONG exceeded the Norwegian Banks industry which returned 5.8% over the past year.
Return vs Market: NONG exceeded the Norwegian Market which returned -0.5% over the past year.
Shareholder returns
| NONG | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 0.6% | 0.5% |
| 30 Day | 1.0% | -5.0% | -0.8% |
| 90 Day | 7.6% | 4.9% | 3.4% |
| 1 Year | 21.9%14.8% | 11.0%5.8% | 4.9%-0.5% |
| 3 Year | 66.2%38.4% | 34.0%17.6% | 32.7%15.8% |
| 5 Year | 158.3%95.0% | 91.3%51.4% | 74.0%33.6% |
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
Can We See Significant Institutional Ownership On The SpareBank 1 Nord-Norge (OB:NONG) Share Register?1 month ago | Simply Wall St
Here's What Analysts Are Forecasting For SpareBank 1 Nord-Norge After Its Latest Third-Quarter Results1 month ago | Simply Wall St
Is SpareBank 1 Nord-Norge (OB:NONG) A Great Dividend Stock?Valuation
Is SpareBank 1 Nord-Norge undervalued compared to its fair value and its price relative to the market?
40.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NONG (NOK73.7) is trading below our estimate of fair value (NOK124.6)
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 (7.4x) compared to the Banks industry average (8.4x).
PE vs Market: NONG is good value based on its PE Ratio (7.4x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: NONG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NONG is overvalued based on its PB Ratio (0.5x) compared to the NO Banks industry average (0.5x).
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?
-4.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NONG's earnings are forecast to decline over the next 3 years (-4.6% per year).
Earnings vs Market: NONG's earnings are forecast to decline over the next 3 years (-4.6% per year).
High Growth Earnings: NONG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NONG's revenue is expected to decline over the next 3 years (-3.3% per year).
High Growth Revenue: NONG's revenue is forecast to decline over the next 3 years (-3.3% 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 (12.1%).
Next Steps
Past Performance
How has SpareBank 1 Nord-Norge performed over the past 5 years?
16.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NONG has high quality earnings.
Growing Profit Margin: NONG's current net profit margins (24.4%) are higher than last year (21.5%).
Past Earnings Growth Analysis
Earnings Trend: NONG's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: NONG's earnings growth over the past year (37.1%) exceeds its 5-year average (16.5% per year).
Earnings vs Industry: NONG earnings growth over the past year (37.1%) exceeded the Banks industry 13%.
Return on Equity
High ROE: NONG's Return on Equity (15.7%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: NONG has a low level of unsold assets or inventory.
Debt Coverage by Assets: NONG's debt is not covered by short term assets (assets are 0.3x debt).
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 (0.61%)
Next Steps
Dividend
What is SpareBank 1 Nord-Norge's current dividend yield, its reliability and sustainability?
5.43%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NONG's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.52%).
High Dividend: NONG's dividend (5.43%) is low compared to the top 25% of dividend payers in the Norwegian market (5.93%).
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 (39.9%), 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 (62.2% payout ratio).
Next Steps
Management
What is the CEO of SpareBank 1 Nord-Norge's salary, the management and board of directors tenure and is there insider trading?
2.1yrs
Average management tenure
CEO
Petter Høiseth 0
0.8yrs
Tenure
kr2,394,000
Compensation
Mr. Petter Høiseth serves as Chief Executive Officer at SpareBank 1 Nord-Norge since March 15, 2019. He was Chief of Staff at SpareBank 1 Nord-Norge until March 15, 2019 and served as its Group Executive V ...
CEO Compensation Analysis
Compensation vs Market: Petter's total compensation ($USD261.10K) is below average for companies of similar size in the Norwegian market ($USD532.07K).
Compensation vs Earnings: Petter's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.1yrs
Average Tenure
Experienced Management: NONG's management team is considered experienced (2.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 45,000 |
| Max Price | kr67.57 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Bengt Olsen (49yo)
Chief Financial Officer
- Tenure: 0.7yrs
- Compensation: kr221.00k
Geir Andreassen
Chief Technology Officer
- Tenure: 2.1yrs
- Compensation: kr2.25m
Liv Ulriksen
Chief Risk Officer
- Tenure: 0yrs
- Compensation: kr2.37m
Petter Høiseth
Chief Executive Officer
- Tenure: 0.8yrs
- Compensation: kr2.39m
Tom-Robin Solstad-Nøis
Director of SNN Markets
- Tenure: 6.9yrs
- Compensation: kr1.82m
Trude Glad
Chief Regional Officer of Helgeland & Salten
- Tenure: 2.1yrs
- Compensation: kr2.48m
Christian Overvaag
Chief Regional Officer of Troms
- Tenure: 2.1yrs
- Compensation: kr1.94m
Lasse Hagerupsen
Chief Regional Officer of Hålogaland
- Tenure: 2.1yrs
- Compensation: kr1.87m
Trond Hanssen
Chief Regional Officer of Finnmark
- Tenure: 0yrs
- Compensation: kr1.87m
Ronni Pettersen
Chief Commercial Officer
- Tenure: 0yrs
- Compensation: kr2.24m
Board Members
Vivi Ann Pedersen (66yo)
Employee Representative Director
- Tenure: 0yrs
- Compensation: kr210.00k
Roar Dons
Chairman of Supervisory Board
- Tenure: 0yrs
- Compensation: kr40.00k
Dag Lund
Supervisory Board Member
- Tenure: 0yrs
Kari Olsen Lind
Supervisory Board Vice Chairman
- Tenure: 0yrs
Charlotte Ringkjøb
Supervisory Board Member
- Tenure: 6.9yrs
Rita Myrvang
GM & Supervisory Board Member
- Tenure: 7.8yrs
Hans-Tore Bjerkaas (68yo)
Deputy Chairman of the Board
- Tenure: 0yrs
- Compensation: kr357.00k
Karl Schjøtt-Pedersen (60yo)
Chairman of the Board
- Tenure: 0yrs
- Compensation: kr486.00k
Chris Martinsen
Head of Department & Supervisory Board Member
- Tenure: 0yrs
Tor Oppheim
Head of Department & Supervisory Board Member
- Tenure: 0yrs
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: kr7.329b
- 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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/07 20:37 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.