Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas. More Details
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.
7 Day Return
1 Year Return
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.
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
1 month ago | Simply Wall StShould You Or Shouldn't You: A Dividend Analysis on Tysnes Sparebank (OB:TYSB)
5 months ago | Simply Wall StThree Things You Should Check Before Buying Tysnes Sparebank (OB:TYSB) For Its Dividend
8 months ago | Simply Wall StThe Managing Bank Manager of Tysnes Sparebank (OB:TYSB-ME), Dag Sandsta, Just Sold 46% Of Their Holding
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).
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tysnes Sparebank's company bio, employee growth, exchange listings and data sources
- 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: https://tysnes-sparebank.no
Number of Employees
- Tysnes Sparebank
- Teiglandsvegen 2
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 16:22|
|End of Day Share Price||2021/05/11 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.