OB:TOTG

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Totens Sparebank

Market Cap

kr1.0b

Last Updated

2021/06/22 23:43 UTC

Data Sources

Company Financials +

Executive Summary

Totens Sparebank provides various banking and financial products and services in Norway. More Details


Snowflake Analysis

Undervalued average dividend payer.

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

0%

TOTG

1.9%

NO Banks

-0.6%

NO Market


1 Year Return

23.2%

TOTG

46.8%

NO Banks

36.1%

NO Market

Return vs Industry: TOTG underperformed the Norwegian Banks industry which returned 44.1% over the past year.

Return vs Market: TOTG underperformed the Norwegian Market which returned 34.1% over the past year.


Shareholder returns

TOTGIndustryMarket
7 Day0%1.9%-0.6%
30 Day5.6%1.6%1.8%
90 Day4.3%7.9%4.9%
1 Year28.5%23.2%53.4%46.8%41.5%36.1%
3 Year69.3%44.1%37.8%24.6%19.8%6.3%
5 Year201.5%126.7%135.5%95.9%85.7%51.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Totens 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: TOTG (NOK170) is trading below our estimate of fair value (NOK426.33)

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


Price To Earnings Ratio

PE vs Industry: TOTG is good value based on its PE Ratio (10.1x) compared to the Norwegian Banks industry average (10.8x).

PE vs Market: TOTG is good value based on its PE Ratio (10.1x) compared to the Norwegian market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: TOTG is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

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


Future Growth

How is Totens Sparebank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOTG's forecast earnings growth (24.5% per year) is above the savings rate (1.2%).

Earnings vs Market: TOTG's earnings (24.5% per year) are forecast to grow faster than the Norwegian market (15.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TOTG's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: TOTG's revenue is forecast to decline over the next 3 years (-2.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOTG's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has Totens Sparebank performed over the past 5 years?

7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOTG has a high level of non-cash earnings.

Growing Profit Margin: TOTG's current net profit margins (24.3%) are higher than last year (23.2%).


Past Earnings Growth Analysis

Earnings Trend: TOTG's earnings have grown by 7.1% per year over the past 5 years.

Accelerating Growth: TOTG's earnings growth over the past year (8%) exceeds its 5-year average (7.1% per year).

Earnings vs Industry: TOTG earnings growth over the past year (8%) underperformed the Banks industry 18.7%.


Return on Equity

High ROE: TOTG's Return on Equity (9.9%) is considered low.


Financial Health

How is Totens 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: TOTG's Assets to Equity ratio (9.5x) is low.

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

Low Risk Liabilities: 58% of TOTG's liabilities are made up of primarily low risk sources of funding.

Loan Level: TOTG has an appropriate level of Loans to Assets ratio (84%).

Low Risk Deposits: TOTG's Loans to Deposits ratio (163%) is high.

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


Dividend

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

3.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TOTG's dividend (3.97%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.88%).

High Dividend: TOTG's dividend (3.97%) is low compared to the top 25% of dividend payers in the Norwegian market (5.03%).


Stability and Growth of Payments

Stable Dividend: TOTG's dividend payments have been volatile in the past 10 years.

Growing Dividend: TOTG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.3%), TOTG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TOTG's dividends in 3 years are forecast to be covered by earnings (54.9% payout ratio).


Next Steps

Management

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

6.9yrs

Average board tenure


CEO

Rolf Delingsrud

10.42yrs

Tenure

kr2,837,000

Compensation

Mr. Rolf Endre Delingsrud has been the Chief Executive Officer and Bank Manager of Totens Sparebank since 2011. Mr. Delingsrud served as President of Totens Sparebank. Mr. Delingsrud served as Chief Execut...


CEO Compensation Analysis

Compensation vs Market: Rolf's total compensation ($USD330.67K) is about average for companies of similar size in the Norwegian market ($USD355.30K).

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


Board Members

Experienced Board: TOTG's board of directors are considered experienced (6.9 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

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


Key Information

  • Name: Totens Sparebank
  • Ticker: TOTG
  • Exchange: OB
  • Founded: 1854
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr1.041b
  • Shares outstanding: 6.12m
  • Website: https://www.totenbanken.no

Number of Employees


Location

  • Totens Sparebank
  • Lenagata 30
  • Lena
  • Oppland
  • 2850
  • Norway

Listings


Biography

Totens Sparebank provides various banking and financial products and services in Norway. The company offers savings and pension products; business and construction loans; leasing; overdrafts and bank guara...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/22 23:43
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
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.