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Surnadal Sparebank

Market Cap

kr241.8m

Last Updated

2021/05/04 00:53 UTC

Data Sources

Company Financials

Executive Summary

Surnadal Sparebank, an independent savings bank, provides various banking product and services to individuals and businesses in Norway. More Details


Snowflake Analysis

Undervalued with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SUSB is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SUSB's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

SUSB

1.1%

NO Banks

-0.7%

NO Market


1 Year Return

14.3%

SUSB

53.0%

NO Banks

34.5%

NO Market

Return vs Industry: SUSB underperformed the Norwegian Banks industry which returned 53% over the past year.

Return vs Market: SUSB underperformed the Norwegian Market which returned 39.5% over the past year.


Shareholder returns

SUSBIndustryMarket
7 Day0%1.1%-0.7%
30 Day0%-0.8%-2.5%
90 Day6.2%11.3%2.7%
1 Year22.7%14.3%59.9%53.0%39.4%34.5%
3 Year39.9%11.6%34.5%21.6%11.6%-0.5%
5 Yearn/a121.5%84.5%75.4%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SUSB (NOK120) is trading below our estimate of fair value (NOK593.25)

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


Price To Earnings Ratio

PE vs Industry: SUSB is good value based on its PE Ratio (3.4x) compared to the NO Banks industry average (11.4x).

PE vs Market: SUSB is good value based on its PE Ratio (3.4x) compared to the Norwegian market (15.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Future Growth

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

9.5%

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 Surnadal 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.


Past Performance

How has Surnadal Sparebank performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUSB has high quality earnings.

Growing Profit Margin: SUSB's current net profit margins (43.7%) are lower than last year (44.2%).


Past Earnings Growth Analysis

Earnings Trend: SUSB's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: SUSB's earnings growth over the past year (0.6%) is below its 5-year average (18.5% per year).

Earnings vs Industry: SUSB earnings growth over the past year (0.6%) underperformed the Banks industry 1.6%.


Return on Equity

High ROE: SUSB's Return on Equity (7.9%) is considered low.


Financial Health

How is Surnadal 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: SUSB's Assets to Equity ratio (7.7x) is low.

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

Low Risk Liabilities: 73% of SUSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: SUSB has an appropriate level of Loans to Assets ratio (83%).

Low Risk Deposits: SUSB's Loans to Deposits ratio (129%) is high.

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


Dividend

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

7.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUSB's dividend (7.08%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.99%).

High Dividend: SUSB's dividend (7.08%) is in the top 25% of dividend payers in the Norwegian market (4.88%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SUSB has been paying a dividend for less than 10 years.

Growing Dividend: SUSB's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.8%), SUSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

10.3yrs

Average management tenure


CEO

Allan Troelsen (53 yo)

21.33yrs

Tenure

kr2,033,000

Compensation

Mr. Allan Troelsen has been Chief Executive Officer of Surnadal Sparebank since 2000. Mr. Troelsen served as Development Manager and Sales/Marketing Director at Superior Systems AS/AkvaGroup ASA. He had be...


CEO Compensation Analysis

Compensation vs Market: Allan's total compensation ($USD245.45K) is below average for companies of similar size in the Norwegian market ($USD357.91K).

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


Leadership Team

Experienced Management: SUSB's management team is seasoned and experienced (10.3 years average tenure).


Board Members

Experienced Board: SUSB's board of directors are considered experienced (7.3 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

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


Key Information

  • Name: Surnadal Sparebank
  • Ticker: SUSB
  • Exchange: OB
  • Founded: 1842
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr241.841m
  • Shares outstanding: 2.02m
  • Website: https://www.bank.no

Number of Employees


Location

  • Surnadal Sparebank
  • Bårdshaugvegen 7
  • Surnadal
  • Møre og Romsdal
  • 6650
  • Norway

Listings


Biography

Surnadal Sparebank, an independent savings bank, provides various banking product and services to individuals and businesses in Norway. The company offers savings and pension accounts. It also provides mor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/04 00:53
End of Day Share Price2021/04/30 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.