OB:NONG

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SpareBank 1 Nord-Norge

Executive Summary

SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


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 +/- 4% a week.

Volatility Over Time: NONG's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

NONG

-1.1%

NO Banks

-1.8%

NO Market


1 Year Return

-1.8%

NONG

1.2%

NO Banks

-2.4%

NO Market

Return vs Industry: NONG underperformed the Norwegian Banks industry which returned 2.2% over the past year.

Return vs Market: NONG matched the Norwegian Market which returned -1.4% over the past year.


Shareholder returns

NONGIndustryMarket
7 Day-1.8%-1.1%-1.8%
30 Day9.0%14.8%9.7%
90 Day9.0%13.8%9.0%
1 Year5.9%-1.8%2.3%1.2%1.1%-2.4%
3 Year43.4%17.7%15.9%4.7%9.4%-3.0%
5 Year178.8%104.5%90.3%57.4%59.9%28.6%

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

Valuation

Is SpareBank 1 Nord-Norge undervalued compared to its fair value and its price relative to the market?

16.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NONG (NOK72.4) is trading below our estimate of fair value (NOK86.48)

Significantly Below Fair Value: NONG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NONG is poor value based on its PE Ratio (9.9x) compared to the NO Banks industry average (9.7x).

PE vs Market: NONG is good value based on its PE Ratio (9.9x) compared to the Norwegian market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: NONG is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: NONG's PB Ratio (0.5x) is in line with the NO Banks industry average.


Next Steps

Future Growth

How is SpareBank 1 Nord-Norge forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NONG's forecast earnings growth (8.8% per year) is above the savings rate (1.6%).

Earnings vs Market: NONG's earnings (8.8% per year) are forecast to grow slower than the Norwegian market (34.4% 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 (-0.05% per year).

High Growth Revenue: NONG's revenue is forecast to decline over the next 3 years (-0.05% 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%).


Next Steps

Past Performance

How has SpareBank 1 Nord-Norge performed over the past 5 years?

19.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NONG has high quality earnings.

Growing Profit Margin: NONG's current net profit margins (20%) are lower than last year (24.4%).


Past Earnings Growth Analysis

Earnings Trend: NONG has become profitable over the past 5 years, growing earnings by 19.3% per year.

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 (-26.7%) over the past year, making it difficult to compare to the Banks industry average (-8.2%).


Return on Equity

High ROE: NONG's Return on Equity (11%) 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 (8.1x) is low.

Allowance for Bad Loans: NONG has a sufficient allowance for bad loans (147%).

Low Risk Liabilities: 69% 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 (120%) is appropriate.

Level of Bad Loans: NONG has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is SpareBank 1 Nord-Norge current dividend yield, its reliability and sustainability?

5.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NONG's dividend (5.52%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.43%).

High Dividend: NONG's dividend (5.52%) is low compared to the top 25% of dividend payers in the Norwegian market (5.92%).


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 reasonable payout ratio (54.4%), NONG's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NONG's dividends in 3 years are forecast to be covered by earnings (54.2% 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

0.83

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 ($USD259.37K) is below average for companies of similar size in the Norwegian market ($USD572.32K).

Compensation vs Earnings: Liv's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Liv Ulriksen
Chief Executive Officer0.83yrkr2.27m0.084%
NOK 6.1m
Bengt Olsen
Chief Financial Officer1.67yrskr3.54m0.045%
NOK 3.3m
Geir Andreassen
Chief Technology Officer3.08yrskr3.02m0.078%
NOK 5.7m
Nina Wihuri
Compliance Managerno datakr1.02m0%
NOK 0
Ronni Pettersen
Chief Marketing Officer0.92yrkr2.18m0.036%
NOK 2.6m
Turid Aspenes
Chief of Staff0.92yrkr1.54m0.0015%
NOK 112.7k
Trude Glad
Executive Vice President of Corporate Banking3.08yrskr2.49m0.079%
NOK 5.7m
Lasse Hagerupsen
Executive Vice President of Personal Banking3.08yrskr1.90m0.079%
NOK 5.7m
Tom-Robin Solstad-Nøis
Director of SNN Markets7.92yrskr2.04mno data
Stein Loftås
Chief Communications Officerno datano data0.0047%
NOK 343.8k
Rita Myrvang
GM & Supervisory Board Member8.75yrsno datano data
Terje Nilsen
Chief Risk Officer0.92yrno datano data

1.7yrs

Average Tenure

Experienced Management: NONG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rita Myrvang
GM & Supervisory Board Member8.75yrsno datano data
Chris Martinsen
Head of Department & Supervisory Board Memberno datano datano data
Tor Oppheim
Head of Department & Supervisory Board Memberno datano datano data
Dagny Valaker
General Manager & Supervisory Board Member - Elected by Depositorsno datano datano data
Vivi Ann Pedersen
Employee Representative Directorno datakr526.00k0.024%
NOK 1.8m
Roar Dons
Chairman of Supervisory Boardno datakr40.00kno data
Kari Olsen Lind
Supervisory Board Vice Chairmanno datano datano data
Charlotte Ringkjøb
Supervisory Board Member7.92yrsno datano data
Hans-Tore Bjerkaas
Deputy Chairman of the Boardno datakr787.00k0.019%
NOK 1.4m
Karl Schjøtt-Pedersen
Chairman of the Boardno datakr1.14m0.0066%
NOK 479.7k
Kjersti Stormo
Directorno datakr584.00k0.00095%
NOK 69.1k
Kjetil Berntsen
Employee Representative Director3.92yrskr420.00k0.00059%
NOK 42.9k

7.9yrs

Average Tenure

61yo

Average Age

Experienced Board: NONG's board of directors are considered experienced (7.9 years average tenure).


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: kr7.269b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NONGOB (Oslo Bors)YesPrimary Capital CertificatesNONOKMay 1994
0J1NLSE (London Stock Exchange)YesPrimary Capital CertificatesGBNOKMay 1994
SPXX.FOTCPK (Pink Sheets LLC)YesPrimary Capital CertificatesUSUSDMay 1994
NONGOBATS-CHIXE (BATS 'Chi-X Europe')YesPrimary Capital CertificatesGBNOKMay 1994
93SDB (Deutsche Boerse AG)YesPrimary Capital CertificatesDEEURMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 17:21
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.