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Tysnesrebank

OB:TYSB-ME
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TYSB-ME
OB
NOK119M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas. The last earnings update was 66 days ago. More info.


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TYSB-ME Share Price and Events
7 Day Returns
0%
OB:TYSB-ME
-0.9%
Europe Mortgage
0%
NO Market
1 Year Returns
-2.7%
OB:TYSB-ME
-18%
Europe Mortgage
-5.4%
NO Market
TYSB-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tysnesrebank (TYSB-ME) 0% -0.9% -2.7% -2.7% - -
Europe Mortgage -0.9% -2.1% -10% -18% 24.9% 12.3%
NO Market 0% 2.6% -4% -5.4% 27.5% 12.9%
1 Year Return vs Industry and Market
  • TYSB-ME outperformed the Mortgage industry which returned -18% over the past year.
  • TYSB-ME outperformed the Market in Norway which returned -5.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Tysnesrebank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tysnesrebank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tysnesrebank.

OB:TYSB-ME Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK230.02 * 7.5%
NOK17.36
Book Value of Equity per Share Median Book Value from the past 5 years. NOK230.02
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:TYSB-ME
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.869 (1 + (1- 23%) (543.86%))
3.352
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:TYSB-ME using Excess Returns Model Model

The calculations below outline how an intrinsic value for Tysnesrebank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:TYSB-ME Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.5% – 13.68%) * NOK230.02)
NOK-14.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-14.10 / (13.68% - 1.76%)
NOK-118.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK230.02 + NOK-118.31
NOK111.71
OB:TYSB-ME Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK111.71
Current discount Discount to share price of NOK110.00
= -1 x (NOK110.00 - NOK111.71) / NOK111.71
1.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tysnesrebank is available for.
Intrinsic value
2%
Share price is NOK110 vs Future cash flow value of NOK111.71
Current Discount Checks
For Tysnesrebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tysnesrebank's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Tysnesrebank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tysnesrebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tysnesrebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:TYSB-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK NOK22.08
OB:TYSB-ME Share Price ** OB (2019-07-15) in NOK NOK110
Europe Mortgage Industry PE Ratio Median Figure of 16 Publicly-Listed Mortgage Companies 8.75x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 14.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tysnesrebank.

OB:TYSB-ME PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:TYSB-ME Share Price ÷ EPS (both in NOK)

= 110 ÷ 22.08

4.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tysnesrebank is good value based on earnings compared to the Europe Mortgage industry average.
  • Tysnesrebank is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Tysnesrebank's expected growth come at a high price?
Raw Data
OB:TYSB-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.7%per year
Europe Mortgage Industry PEG Ratio Median Figure of 7 Publicly-Listed Mortgage Companies 0.99x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tysnesrebank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tysnesrebank's assets?
Raw Data
OB:TYSB-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK NOK237.48
OB:TYSB-ME Share Price * OB (2019-07-15) in NOK NOK110
Europe Mortgage Industry PB Ratio Median Figure of 18 Publicly-Listed Mortgage Companies 0.67x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.15x
OB:TYSB-ME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:TYSB-ME Share Price ÷ Book Value per Share (both in NOK)

= 110 ÷ 237.48

0.46x

* Primary Listing of Tysnesrebank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tysnesrebank is good value based on assets compared to the Europe Mortgage industry average.
X
Value checks
We assess Tysnesrebank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Tysnesrebank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tysnesrebank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tysnesrebank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tysnesrebank expected to grow at an attractive rate?
  • Tysnesrebank's earnings growth is positive but not above the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Tysnesrebank's earnings growth is positive but not above the Norway market average.
  • Unable to compare Tysnesrebank's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:TYSB-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:TYSB-ME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.7%
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:TYSB-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:TYSB-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 66 25
2018-12-31 64 -90 24
2018-09-30 60 22
2018-06-30 59 22
2018-03-31 56 19
2017-12-31 53 -103 18
2017-09-30 52 16
2017-06-30 48 14
2017-03-31 46 14
2016-12-31 44 -99 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tysnesrebank's earnings are expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Tysnesrebank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:TYSB-ME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tysnesrebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:TYSB-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31
2018-12-31 22.08
2018-09-30
2018-06-30
2018-03-31
2017-12-31 16.22
2017-09-30
2017-06-30
2017-03-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tysnesrebank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tysnesrebank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tysnesrebank has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tysnesrebank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tysnesrebank's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tysnesrebank has delivered over 20% year on year earnings growth in the past 5 years.
  • Tysnesrebank's 1-year earnings growth exceeds its 5-year average (30.8% vs 26%)
  • Tysnesrebank's earnings growth has exceeded the Europe Mortgage industry average in the past year (30.8% vs 9.2%).
Earnings and Revenue History
Tysnesrebank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tysnesrebank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:TYSB-ME Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 66.39 25.14 27.06
2018-12-31 63.93 23.97 26.26
2018-09-30 60.32 22.47 26.54
2018-06-30 58.97 22.31 25.69
2018-03-31 55.59 19.22 25.63
2017-12-31 53.05 17.61 24.93
2017-09-30 51.64 15.76 26.22
2017-06-30 48.14 14.15 24.82
2017-03-31 46.06 13.93 23.30
2016-12-31 44.35 13.69 22.01
2015-12-31 37.14 9.92 18.93
2014-12-31 30.99 7.06 16.60
2013-12-31 25.62 3.70 14.15
2012-12-31 26.42 6.52 12.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tysnesrebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tysnesrebank used its assets more efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Tysnesrebank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Tysnesrebank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tysnesrebank has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tysnesrebank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Tysnesrebank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tysnesrebank Company Filings, last reported 3 months ago.

OB:TYSB-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 263.67 649.46 108.81
2018-12-31 257.81 593.47 70.09
2018-09-30 259.30 559.94 58.22
2018-06-30 254.07 509.97 102.97
2018-03-31 246.19 445.00 93.34
2017-12-31 241.62 480.02 117.24
2017-09-30 210.70 459.99 115.18
2017-06-30 205.63 429.97 67.66
2017-03-31 200.84 372.52 53.97
2016-12-31 197.76 360.03 123.08
2015-12-31 146.47 165.97 10.59
2014-12-31 103.94 165.94 31.50
2013-12-31 99.07 36.21 4.10
2012-12-31 95.57 50.00 32.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Tysnesrebank has an acceptable proportion of non-loan assets held.
  • Tysnesrebank's liabilities are made up of primarily low risk sources of funding.
  • Tysnesrebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Tysnesrebank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Tysnesrebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Tysnesrebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Tysnesrebank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tysnesrebank has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tysnesrebank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.34%
Current annual income from Tysnesrebank dividends.
If you bought NOK2,000 of Tysnesrebank shares you are expected to receive NOK127 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tysnesrebank's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.44%).
  • Tysnesrebank's dividend is above the markets top 25% of dividend payers in Norway (6.33%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:TYSB-ME Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.4%
Norway Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:TYSB-ME Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-14 6.970 6.175
2018-02-21 8.870 7.599

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Tysnesrebank has stable dividend payments.
  • Tysnesrebank only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Tysnesrebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tysnesrebank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tysnesrebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tysnesrebank has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tysnesrebank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Tysnesrebank has no CEO, or we have no data on them.
Management Team

Karoline Dalen

TITLE
Chief Financial Officer
Board of Directors

Leif Hovland

TITLE
Chairman

Bente Raknes

TITLE
Vice Chair

Vidar Hoviskeland

TITLE
Director

Merete Flakke

TITLE
Director

Elisabeth Sandven

TITLE
Director

Steffery Opdal

TITLE
Director

Børge Pedersen

TITLE
Board member

Dag Sandstå

TITLE
Board member

Tor Brattebø

TITLE
Board Member

Lorentz Lunde

TITLE
Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess Tysnesrebank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tysnesrebank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can Tysnes Sparebank's (OB:TYSB-ME) ROE Continue To Surpass The Industry Average?

and want to better understand how you can grow your money by investing in Tysnes Sparebank (OB:TYSB-ME). … If TYSB-ME borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

What You Must Know About Tysnes Sparebank's (OB:TYSB-ME) ROE

View our latest analysis for Tysnesrebank Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Tysnesrebank’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:TYSB-ME Last Perf May 21st 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Should You Be Tempted To Buy Tysnes Sparebank (OB:TYSB-ME) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TYSB-ME Price per share = NOK117 Earnings per share = NOK16.218 ∴ Price-Earnings Ratio = NOK117 ÷ NOK16.218 = 7.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with TYSB-ME, then investors would naturally value TYSB-ME at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with TYSB-ME, investors would also value TYSB-ME at a lower price since it is a lower growth investment.

Simply Wall St -

Tysnes Sparebank's (OB:TYSB-ME) Earnings Grew 28.59%, Did It Beat Long-Term Trend?

Check out our latest analysis for Tysnesrebank How Did TYSB-ME's Recent Performance Stack Up Against Its Past? … I prefer to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Given that these figures may be fairly myopic, I have computed an annualized five-year value for TYSB-ME's earnings, which stands at ØRE14.18M This shows that, on average, Tysnesrebank has been able to steadily raise its bottom line over the last few years as well.

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Company Info

Description

Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas. It offers payment solutions, such as bank cards, credits, and mobile and online banking; insurance solutions, such as children, auto, death fall, health, buildings, holiday home, income, critical health, disability, and other insurance; loans, such as car loans, mortgages, loans to other vehicles, credit lines, and small loans; and share savings accounts, bank savings, BSU, fund savings, IPS, and retirement savings and pension accounts to private customers. The company also provides payment solutions, billing services, and Web and mobile banking services; financing services, such as bank guarantees, overdrafts, leasing, and corporate loans; liability, operational agriculture, property, health, home insurance, breeding and crew, car, and occupational insurance; and other accounts to companies in construction, property, trade and services, and agricultural industries. The company was incorporated in 1862 and is headquartered in Tysnes, Norway branches in Kvinnherad, Bergen, Odda, and Stord.

Details
Name: Tysnes Sparebank
TYSB-ME
Exchange: OB
Founded: 1862
NOK119,416,770
1,085,607
Website: http://tysnes-sparebank.no
Address: Tysnes Sparebank
Teiglandsvegen 2,
Tysnes,
Hordaland, 5680,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB TYSB-ME Share Capital Oslo Bors NO NOK 18. Dec 2017
Number of employees
Current staff
Staff numbers
0
Tysnesrebank employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 22:07
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.