Surnadal Sparebank, an independent savings bank, provides various banking product and services to individuals and businesses in Norway. More Details
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.
7 Day Return
1 Year Return
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.
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
11 months ago | Simply Wall StDoes Surnadal Sparebank (OB:SUSB-ME) Have A Good P/E Ratio?
1 year ago | Simply Wall StVolatility 101: Should Surnadal Sparebank (OB:SUSB-ME) Shares Have Dropped 10%?
1 year ago | Simply Wall StSurnadal Sparebank (OB:SUSB-ME)'s Could Be A Buy For Its Upcoming Dividend
Is Surnadal Sparebank 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: 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).
How is Surnadal Sparebank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Surnadal Sparebank performed over the past 5 years?
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.
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
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.
What is Surnadal Sparebank current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Allan Troelsen (53 yo)
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.
Experienced Management: SUSB's management team is seasoned and experienced (10.3 years average tenure).
Experienced Board: SUSB's board of directors are considered experienced (7.3 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.
Surnadal Sparebank's company bio, employee growth, exchange listings and data sources
- 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
- Surnadal Sparebank
- Bårdshaugvegen 7
- Møre og Romsdal
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/04 00:53|
|End of Day Share Price||2021/04/30 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.