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Tysnes Sparebank

Market Cap


Last Updated

2021/05/18 16:22 UTC

Data Sources

Company Financials

Executive Summary

Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas. More Details

Snowflake Analysis

Undervalued with mediocre balance sheet.

Share Price & News

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

Latest Share Price and Events

Stable Share Price: TYSB is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TYSB's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




NO Mortgage


NO Market

1 Year Return




NO Mortgage


NO Market

Return vs Industry: TYSB underperformed the Norwegian Mortgage industry which returned 46.8% over the past year.

Return vs Market: TYSB underperformed the Norwegian Market which returned 36.1% over the past year.

Shareholder returns

7 Day0%-2.0%-0.7%
30 Day-0.9%-0.3%-2.5%
90 Day0%7.8%2.7%
1 Year4.2%0%46.8%44.1%39.4%34.5%
3 Year12.6%-2.6%8.0%-1.3%11.6%-0.5%
5 Yearn/a56.1%35.9%75.4%43.4%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


Is Tysnes 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: TYSB (NOK112) is trading below our estimate of fair value (NOK293.42)

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

Price To Earnings Ratio

PE vs Industry: TYSB is good value based on its PE Ratio (6.2x) compared to the European Mortgage industry average (13.7x).

PE vs Market: TYSB is good value based on its PE Ratio (6.2x) compared to the Norwegian market (14.8x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: TYSB is good value based on its PB Ratio (0.5x) compared to the XE Mortgage industry average (0.9x).

Future Growth

How is Tysnes 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 Tysnes 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 Tysnes Sparebank performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TYSB has high quality earnings.

Growing Profit Margin: TYSB's current net profit margins (37.8%) are lower than last year (39.1%).

Past Earnings Growth Analysis

Earnings Trend: TYSB's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: TYSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TYSB had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Mortgage industry average (1.4%).

Return on Equity

High ROE: TYSB's Return on Equity (7.5%) is considered low.

Financial Health

How is Tysnes 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: TYSB's Assets to Equity ratio (8x) is low.

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

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

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

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

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


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TYSB's dividend (4%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.9%).

High Dividend: TYSB's dividend (4%) is low compared to the top 25% of dividend payers in the Norwegian market (5.04%).

Stability and Growth of Payments

Stable Dividend: TYSB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TYSB has only been paying a dividend for 3 years, and since then payments have fallen.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.6%), TYSB'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


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


Dag Sandsta

no data


Dag Sandstå serves as Managing Bank Manager at Tysnes Sparebank.


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

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

Key Information

  • Name: Tysnes Sparebank
  • Ticker: TYSB
  • Exchange: OB
  • Founded: 1862
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: kr169.622m
  • Shares outstanding: 1.51m
  • Website:

Number of Employees


  • Tysnes Sparebank
  • Teiglandsvegen 2
  • Tysnes
  • Hordaland
  • 5680
  • Norway



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 m...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 16:22
End of Day Share Price2021/05/11 00:00
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.