OB:ROMSB

Stock Analysis Report

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Romsdal Sparebank

Executive Summary

Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmøre. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Romsdal Sparebank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine ROMSB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ROMSB's volatility change over the past year.


Market Performance


7 Day Return

1.5%

ROMSB

6.2%

NO Banks

2.8%

NO Market


1 Year Return

n/a

ROMSB

26.4%

NO Banks

26.2%

NO Market

Return vs Industry: Insufficient data to determine how ROMSB performed against the Norwegian Banks industry.

Return vs Market: Insufficient data to determine how ROMSB performed against the Norwegian Market.


Shareholder returns

ROMSBIndustryMarket
7 Day1.5%6.2%2.8%
30 Day2.7%4.4%2.7%
90 Day12.2%12.4%12.4%
1 Yearn/a32.3%26.4%31.1%26.2%
3 Yearn/a30.8%14.2%19.3%5.5%
5 Yearn/a118.8%74.5%78.7%44.1%

Long-Term Price Volatility Vs. Market

How volatile is Romsdal Sparebank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Romsdal Sparebank undervalued compared to its fair value and its price relative to the market?

37.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ROMSB (NOK128.9) is trading below our estimate of fair value (NOK207.61)

Significantly Below Fair Value: ROMSB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ROMSB is unprofitable, so we can't compare its PE Ratio to the NO Banks industry average.

PE vs Market: ROMSB is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ROMSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ROMSB is good value based on its PB Ratio (0.3x) compared to the NO Banks industry average (0.6x).


Next Steps

Future Growth

How is Romsdal Sparebank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.9%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Romsdal Sparebank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Romsdal Sparebank performed over the past 5 years?

-44.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROMSB is currently unprofitable.

Growing Profit Margin: ROMSB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ROMSB is unprofitable, and losses have increased over the past 5 years at a rate of 44.2% per year.

Accelerating Growth: Unable to compare ROMSB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ROMSB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-2.7%).


Return on Equity

High ROE: ROMSB has a negative Return on Equity (5.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Romsdal Sparebank'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: ROMSB's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: Insufficient data to determine if ROMSB has a sufficient allowance for bad loans.

Low Risk Liabilities: 76% of ROMSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: ROMSB has an appropriate level of Loans to Assets ratio (88%).

Low Risk Deposits: ROMSB's Loans to Deposits ratio (131%) is high.

Level of Bad Loans: Insufficient data to determine if ROMSB has an appropriate level of bad loans.


Next Steps

Dividend

What is Romsdal Sparebank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ROMSB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROMSB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ROMSB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ROMSB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ROMSB is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ROMSB's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average board tenure


CEO

Odd Sorgaard

8.17yrs

Tenure

Odd Kjetil Sorgaard is employed with Romsdal Sparebank (formerly known as Bud, Fræna og Hustad Sparebank)


Board Members

NamePositionTenureCompensationOwnership
Hans Hatle
Member of General Assembly11.08yrsno datano data
Ove Sandblåst
Member of General Assembly15.08yrsno datano data
Gunn Moen
Member of General Assembly6.08yrsno datano data
Svein Sandblåst
Chairman of the General Assembly7.08yrsno datano data
Oddny Løkhaug
Directorno datano datano data
Rigmor Holen
Director7.08yrsno datano data
Lasse Iversen
Vice Chairman of the Boardno datano data0.036%
NOK 90.0k
Georg Inge Panzer
Directorno datano datano data
Svein Roset
Chairman of the Boardno datano datano data
Bente Myrstad
Directorno datano datano data
Beathe Bakken
Directorno datano datano data
Solveig Myklebust
Observerno datano datano data

7.1yrs

Average Tenure

Experienced Board: ROMSB's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ROMSB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: ROMSB only recently listed within the past 12 months.


Top Shareholders

Company Information

Romsdal Sparebank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Romsdal Sparebank
  • Ticker: ROMSB
  • Exchange: OB
  • Founded: 1971
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr253.250m
  • Shares outstanding: 1.96m
  • Website: https://romsdalsbanken.no

Location

  • Romsdal Sparebank
  • Torget 14
  • Elnesvågen
  • Møre og Romsdal
  • 6440
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROMSBOB (Oslo Bors)YesEquity CertificatesNONOKApr 2020

Biography

Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmøre. Its personal bankin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 17:21
End of Day Share Price2021/03/05 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.