SpareBank 1 Ringerike Hadeland provides various banking products and services to retail and corporate customers in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr308.00|
|52 Week High||kr220.00|
|52 Week Low||kr312.00|
|1 Month Change||6.21%|
|3 Month Change||8.45%|
|1 Year Change||36.28%|
|3 Year Change||60.42%|
|5 Year Change||81.18%|
|Change since IPO||120.00%|
Recent News & Updates
|RING||NO Banks||NO Market|
Return vs Industry: RING underperformed the Norwegian Banks industry which returned 45.1% over the past year.
Return vs Market: RING exceeded the Norwegian Market which returned 26.4% over the past year.
Stable Share Price: RING is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RING's weekly volatility (3%) has been stable over the past year.
About the Company
SpareBank 1 Ringerike Hadeland provides various banking products and services to retail and corporate customers in Norway. The company offers saving, deposit, and currency accounts; vehicle, house and travel, and pet insurance products, as well as life, children, disability, critical illness, accident, health, and business and personal products; mobile and online banking services; and debit and credit cards. It also provides mortgages; car, boat, and other vehicles; consumer and other loans; and bank guarantees, construction loans, trade credit, and operating credit for agriculture, as well as factoring, leasing, and repayment services.
SpareBank 1 Ringerike Hadeland Fundamentals Summary
|RING fundamental statistics|
Is RING overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RING income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||26.94|
|Net Profit Margin||47.32%|
How did RING perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is SpareBank 1 Ringerike Hadeland undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RING (NOK306) is trading below our estimate of fair value (NOK353.15)
Significantly Below Fair Value: RING is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RING's PE Ratio (11.4x) is in line with the Norwegian Banks industry average.
PE vs Market: RING is good value based on its PE Ratio (11.4x) compared to the Norwegian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: RING's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RING is overvalued based on its PB Ratio (1.2x) compared to the NO Banks industry average (0.6x).
How is SpareBank 1 Ringerike Hadeland forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RING's earnings are forecast to decline over the next 3 years (-0.7% per year).
Earnings vs Market: RING's earnings are forecast to decline over the next 3 years (-0.7% per year).
High Growth Earnings: RING's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RING's revenue (3.5% per year) is forecast to grow slower than the Norwegian market (5.6% per year).
High Growth Revenue: RING'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: RING's Return on Equity is forecast to be low in 3 years time (9.2%).
How has SpareBank 1 Ringerike Hadeland performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RING has high quality earnings.
Growing Profit Margin: RING's current net profit margins (47.3%) are higher than last year (41.6%).
Past Earnings Growth Analysis
Earnings Trend: RING's earnings have grown by 5.7% per year over the past 5 years.
Accelerating Growth: RING's earnings growth over the past year (32.2%) exceeds its 5-year average (5.7% per year).
Earnings vs Industry: RING earnings growth over the past year (32.2%) exceeded the Banks industry 26.4%.
Return on Equity
High ROE: RING's Return on Equity (10.5%) is considered low.
How is SpareBank 1 Ringerike Hadeland's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: RING's Assets to Equity ratio (6.7x) is low.
Allowance for Bad Loans: Insufficient data to determine if RING has a sufficient allowance for bad loans.
Low Risk Liabilities: 75% of RING's liabilities are made up of primarily low risk sources of funding.
Loan Level: RING has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: RING's Loans to Deposits ratio (135%) is high.
Level of Bad Loans: Insufficient data to determine if RING has an appropriate level of bad loans.
What is SpareBank 1 Ringerike Hadeland current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RING's dividend (3.73%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).
High Dividend: RING's dividend (3.73%) is low compared to the top 25% of dividend payers in the Norwegian market (5.16%).
Stability and Growth of Payments
Stable Dividend: RING's dividends per share have been stable in the past 10 years.
Growing Dividend: RING's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.2%), RING's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RING's dividends in 3 years are forecast to be covered by earnings (57% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steinar Haugli (64 yo)
Mr. Steinar Haugli serves as Chief Executive Officer, Managing Director and Managing Bank Manager at SpareBank 1 Ringerike Hadeland (Former Name: SpareBank 1 Ringerike). Mr. Haugli serves as Member of Supe...
CEO Compensation Analysis
Compensation vs Market: Steinar's total compensation ($USD411.54K) is below average for companies of similar size in the Norwegian market ($USD630.00K).
Compensation vs Earnings: Steinar's compensation has been consistent with company performance over the past year.
Experienced Management: RING's management team is seasoned and experienced (5.7 years average tenure).
Experienced Board: RING's board of directors are considered experienced (4.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SpareBank 1 Ringerike Hadeland's employee growth, exchange listings and data sources
- Name: SpareBank 1 Ringerike Hadeland
- Ticker: RING
- Exchange: OB
- Founded: 1833
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr4.789b
- Shares outstanding: 15.65m
- Website: https://www.sparebank1.no/ringerike-hadeland
Number of Employees
- SpareBank 1 Ringerike Hadeland
- Søndre Torv 6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 16:20|
|End of Day Share Price||2021/09/27 00:00|
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.