How does HEBANK's PB Ratio compare to its peers?

HEBANK is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.7x).

How does HEBANK's PB Ratio compare vs other companies in the European Consumer Finance Industry?

HEBANK is good value based on its Price-To-Book Ratio (0.4x) compared to the European Consumer Finance industry average (1.3x).

What is HEBANK's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate HEBANK's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of HEBANK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HEBANK (NOK8) is trading below our estimate of [[fair value]] (NOK11.62)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Heder Bank (OTCNO:HEBANK) - Stock Price, News & Analysis

HEBANK Stock Overview

Provides banking products and services in Norway. More details

HEBANK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 31.2% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue (NOK10M)

Does not have a meaningful market cap (NOK92M)

Shares are highly illiquid

Shareholders have been diluted in the past year

Heder Bank ASA Competitors

Axactor

OB:ACR

NOK 1.0b

B2 Impact

OB:B2I

NOK 3.7b

Huddlestock Fintech

OB:HUDL

NOK 123.3m

North Energy

OB:NORTH

NOK 322.4m

Price History & Performance

Summary of all time highs, changes and price drops for Heder Bank
Historical stock prices
Current Share Price	NOK 8.00
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	-0.073
11 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	-73.33%
5 Year Change	-85.19%
Change since IPO	-98.41%

Recent updates

Shareholder Returns

	HEBANK	NO Consumer Finance	NO Market
7D	0%	0.8%	3.1%
1Y	n/a	13.3%	3.9%

Return vs Industry: Insufficient data to determine how HEBANK performed against the Norwegian Consumer Finance industry.

Return vs Market: Insufficient data to determine how HEBANK performed against the Norwegian Market.

Price Volatility

Is HEBANK's price volatile compared to industry and market?
HEBANK volatility
HEBANK Average Weekly Movement	n/a
Consumer Finance Industry Average Movement	4.7%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	10.6%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: HEBANK's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: Insufficient data to determine HEBANK's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2015	14	Bent Gjendem	www.mybank.no

Heder Bank ASA provides banking products and services in Norway. It offers savings accounts; restart loans; and online banking services. Heder Bank ASA was formerly known as mybank ASA and changed its name to Heder Bank ASA in October 2024.

Heder Bank ASA Fundamentals Summary

How do Heder Bank's earnings and revenue compare to its market cap?
HEBANK fundamental statistics
Market cap	NOK 92.45m
Earnings (TTM)	-NOK 48.26m
Revenue (TTM)	NOK 9.97m

9.3x

P/S Ratio

-1.9x

P/E Ratio

Is HEBANK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HEBANK income statement (TTM)
Revenue	NOK 9.97m
Cost of Revenue	NOK 0
Gross Profit	NOK 9.97m
Other Expenses	NOK 58.23m
Earnings	-NOK 48.26m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-4.18
Gross Margin	100.00%
Net Profit Margin	-484.24%
Debt/Equity Ratio	0%

How did HEBANK perform over the long term?

See historical performance and comparison

Heder Bank OTCNO:HEBANK Stock Report