Executive Summary
SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued 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 is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NONG's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
4.8%
NONG
3.2%
NO Banks
-0.5%
NO Market
1 Year Return
13.9%
NONG
16.1%
NO Banks
19.1%
NO Market
Return vs Industry: NONG exceeded the Norwegian Banks industry which returned 10.5% over the past year.
Return vs Market: NONG underperformed the Norwegian Market which returned 16.8% over the past year.
Shareholder returns
| NONG | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.8% | 3.2% | -0.5% |
| 30 Day | 3.4% | 4.9% | 2.9% |
| 90 Day | 11.4% | 10.5% | 11.0% |
| 1 Year | 22.8%13.9% | 21.5%16.1% | 23.7%19.1% |
| 3 Year | 46.3%20.1% | 29.0%12.5% | 17.9%4.1% |
| 5 Year | 183.9%108.2% | 119.5%74.7% | 76.6%42.4% |
Long-Term 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
If You Like EPS Growth Then Check Out SpareBank 1 Nord-Norge (OB:NONG) Before It's Too Late1 month ago | Simply Wall St
SpareBank 1 Nord-Norge (OB:NONG) Has Gifted Shareholders With A Fantastic 217% Total Return On Their Investment2 months ago | Simply Wall St
What Type Of Shareholders Make Up SpareBank 1 Nord-Norge's (OB:NONG) Share Registry?Valuation
Is SpareBank 1 Nord-Norge undervalued compared to its fair value and its price relative to the market?
23.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NONG (NOK81.2) is trading below our estimate of fair value (NOK105.81)
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 (10.3x) compared to the NO Banks industry average (10.8x).
PE vs Market: NONG is good value based on its PE Ratio (10.3x) compared to the Norwegian market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: NONG is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: NONG's PB Ratio (0.5x) is in line with the NO Banks industry average.
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Future Growth
How is SpareBank 1 Nord-Norge forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
19.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NONG's forecast earnings growth (19.9% per year) is above the savings rate (1.4%).
Earnings vs Market: NONG's earnings (19.9% per year) are forecast to grow slower than the Norwegian market (26.7% per year).
High Growth Earnings: NONG's earnings are forecast to grow, but not significantly.
Revenue vs Market: NONG's revenue (3.5% per year) is forecast to grow slower than the Norwegian market (7.5% per year).
High Growth Revenue: NONG's revenue (3.5% per year) is forecast to grow slower than 20% 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 (11.5%).
Next Steps
Past Performance
How has SpareBank 1 Nord-Norge performed over the past 5 years?
12.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NONG has high quality earnings.
Growing Profit Margin: NONG's current net profit margins (21.2%) are lower than last year (22.9%).
Past Earnings Growth Analysis
Earnings Trend: NONG's earnings have grown by 12.9% per year over the past 5 years.
Accelerating Growth: NONG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NONG had negative earnings growth (-16%) over the past year, making it difficult to compare to the Banks industry average (-2.7%).
Return on Equity
High ROE: NONG's Return on Equity (11.6%) 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 Assets to Equity ratio (7.8x) is low.
Allowance for Bad Loans: NONG has a sufficient allowance for bad loans (204%).
Low Risk Liabilities: 73% of NONG's liabilities are made up of primarily low risk sources of funding.
Loan Level: NONG has an appropriate level of Loans to Assets ratio (73%).
Low Risk Deposits: NONG's Loans to Deposits ratio (115%) is appropriate.
Level of Bad Loans: NONG has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is SpareBank 1 Nord-Norge current dividend yield, its reliability and sustainability?
4.80%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NONG's dividend (4.8%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.01%).
High Dividend: NONG's dividend (4.8%) is low compared to the top 25% of dividend payers in the Norwegian market (5.29%).
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 (49.4%), 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 (52% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Liv Ulriksen
1.08yrs
Tenure
kr2,271,000
Compensation
Ms. Liv Bortne Ulriksen serves as Group Chief Executive Officer at SpareBank 1 Nord-Norge since May 12, 2020 and had been its Acting Chief Executive Officer since February 26, 2020 until May 12, 2020. She ...
CEO Compensation Analysis
Compensation vs Market: Liv's total compensation ($USD268.02K) is below average for companies of similar size in the Norwegian market ($USD594.23K).
Compensation vs Earnings: Liv's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.08yrs | kr2.27m | no data | |
| Chief Financial Officer | 1.92yrs | kr3.54m | 0.045% NOK 3.6m | |
| Chief Technology Officer | 3.33yrs | kr3.02m | no data | |
| Compliance Manager | no data | kr1.02m | no data | |
| Chief Marketing Officer | 1.17yrs | kr2.18m | no data | |
| Chief of Staff | 1.17yrs | kr1.54m | 0.0015% NOK 123.9k | |
| Executive Vice President of Corporate Banking | 3.33yrs | kr2.49m | no data | |
| Executive Vice President of Personal Banking | 3.33yrs | kr1.90m | no data | |
| Director of SNN Markets | 8.17yrs | kr2.04m | no data | |
| Chief Communications Officer | no data | no data | no data | |
| GM & Supervisory Board Member | 9yrs | no data | no data | |
| Chief Risk Officer | 1.17yrs | no data | no data |
1.9yrs
Average Tenure
Experienced Management: NONG's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| GM & Supervisory Board Member | 9yrs | no data | no data | |
| Head of Department & Supervisory Board Member | no data | no data | no data | |
| Head of Department & Supervisory Board Member | no data | no data | no data | |
| General Manager & Supervisory Board Member - Elected by Depositors | no data | no data | no data | |
| Employee Representative Director | no data | kr526.00k | no data | |
| Chairman of Supervisory Board | no data | kr40.00k | no data | |
| Supervisory Board Vice Chairman | no data | no data | no data | |
| Supervisory Board Member | 8.17yrs | no data | no data | |
| Deputy Chairman of the Board | no data | kr787.00k | no data | |
| Chairman of the Board | no data | kr1.14m | no data | |
| Director | no data | kr584.00k | no data | |
| Employee Representative Director | 4.17yrs | kr420.00k | no data |
8.2yrs
Average Tenure
61yo
Average Age
Experienced Board: NONG's board of directors are considered experienced (8.2 years average tenure).
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.
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: kr7.992b
- 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 | 2021/03/04 17:21 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.