-0.23%
6.24%
12.54%
23.27%
24.35%
12.34%
66.44%
AI Spotlight on NONG
Company Description
SpareBank 1 Nord-Norge provides banking services to personal and corporate customers in Northern Norway.It operates through Retail Market, Corporate Market, Leasing, and Markets segments.The company offers various savings, lending, insurance, and pension products, as well as payment services.
It also provides secured loan financing, real estate leasing and agency, billing systems, and accounting solutions.It operates through a network of 38 locations in 36 municipalities in Nordland, Troms, Finnmark, and Svalbard.The company was founded in 1836 and is headquartered in Tromsø, Norway.
Market Data
| Last Price | 130.32 |
| Change Percentage | -0.23% |
| Open | 129.64 |
| Previous Close | 130.62 |
| Market Cap ( Millions) | 13084 |
| Volume | 59311 |
| Year High | 133 |
| Year Low | 93.7 |
| M A 50 | 123.1 |
| M A 200 | 109.84 |
Financial Ratios
| FCF Yield | 5.21% |
| Dividend Yield | 5.37% |
| ROE | 10.24% |
| Debt / Equity | 152.69% |
| Net Debt / EBIDTA | 2710.91% |
| Price To Book | 0.72 |
| Price Earnings Ratio | 7.97 |
| Price To FCF | 19.18 |
| Price To sales | 1.34 |
| EV / EBITDA | 40.33 |
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Personal Market
Expected Growth : 2.5 %
What the company do ?
Personal Market from SpareBank 1 Nord-Norge offers personalized banking services and financial solutions tailored to individual customers' needs in Northern Norway.
Why we expect these perspectives ?
The 2.5% growth in Personal Market from SpareBank 1 Nord-Norge is driven by increasing demand for digital banking services, a growing population in the Nord-Norge region, and a rise in disposable income among individuals. Additionally, the bank's strategic focus on customer experience, innovative product offerings, and effective cost management contribute to this growth.
Segment n°2 -> Business Market
Expected Growth : 3.5 %
What the company do ?
Business Market from SpareBank 1 Nord-Norge provides financial services to corporate clients, including cash management, lending, and investment solutions in Northern Norway.
Why we expect these perspectives ?
SpareBank 1 Nord-Norge's 3.5% growth in the business market is driven by increasing demand for digital banking services, a strong economy in the Nord-Norge region, and strategic partnerships with local businesses. Additionally, the bank's focus on customer experience, innovative product offerings, and efficient cost management also contribute to its growth.
Segment n°3 -> Undistributed/Eliminations
Expected Growth : 1.5 %
What the company do ?
Undistributed/Eliminations from SpareBank 1 Nord-Norge refers to the bank's residual income after eliminating internal transactions and allocating profits to subsidiaries.
Why we expect these perspectives ?
SpareBank 1 Nord-Norge's 1.5% undistributed/eliminations growth is driven by increasing lending activities, improved asset quality, and cost savings from digitalization. Additionally, the bank's focus on retail and corporate banking, as well as its strong presence in the Norwegian market, contribute to its growth.
Segment n°4 -> Sparebank 1 Finance
Expected Growth : 2.8 %
What the company do ?
SpareBank 1 Finance is a financial services company from SpareBank 1 Nord-Norge, offering loans, savings, and other financial products to individuals and businesses.
Why we expect these perspectives ?
Sparebank 1 Finance's 2.8% growth is driven by strong lending activities in the Nord-Norge region, fueled by a robust economy and increasing demand for mortgages. Additionally, the bank's digital transformation efforts and cost-cutting initiatives have improved operational efficiency, contributing to the growth.
Segment n°5 -> Real Estate Broker 1
Expected Growth : 2.2 %
What the company do ?
Real Estate Broker 1 from SpareBank 1 Nord-Norge is a mortgage broker providing home financing solutions to individuals and businesses in Northern Norway.
Why we expect these perspectives ?
Strong demand for housing in Nord-Norge, driven by population growth and urbanization, coupled with SpareBank 1's strong brand and extensive network, enables Real Estate Broker 1 to capitalize on the region's growth, resulting in a 2.2% growth rate.
Segment n°6 -> Sparebank 1 Accounting
Expected Growth : 2.0 %
What the company do ?
Sparebank 1 Accounting is a digital banking service from SpareBank 1 Nord-Norge, providing online financial management and accounting solutions for individuals and businesses.
Why we expect these perspectives ?
Sparebank 1 Nord-Norge's 2.0% growth in accounting is driven by increasing demand for digital banking services, strategic partnerships, and cost-efficient operations. The bank's strong presence in the Norwegian market, coupled with its focus on customer-centric services, has led to an increase in deposits and lending activities, resulting in revenue growth.
Sparebank 1 Nord-Norge Products
| Product Range | What is it ? |
|---|---|
| Personal Banking | SpareBank 1 Nord-Norge offers a range of personal banking services, including current and savings accounts, credit cards, loans, and mortgages. |
| Business Banking | The bank provides a variety of business banking services, including business loans, credit facilities, and cash management solutions. |
| Investment and Wealth Management | SpareBank 1 Nord-Norge offers investment and wealth management services, including portfolio management, investment advice, and pension planning. |
| Insurance | The bank provides a range of insurance products, including life insurance, non-life insurance, and pension insurance. |
| Real Estate Services | SpareBank 1 Nord-Norge offers real estate services, including property valuation, brokerage, and property management. |
| Digital Banking | The bank provides digital banking services, including online banking, mobile banking, and payment solutions. |
SpareBank 1 Nord-Norge's Porter Forces
Threat Of Substitutes
The threat of substitutes is moderate for SpareBank 1 Nord-Norge, as customers have some alternatives for banking services, but the bank's strong brand and customer loyalty mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is relatively low for SpareBank 1 Nord-Norge, as customers have limited negotiating power and the bank has a strong market position.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate for SpareBank 1 Nord-Norge, as the bank relies on a few large suppliers for technology and services, but has some negotiating power due to its size and market position.
Threat Of New Entrants
The threat of new entrants is relatively low for SpareBank 1 Nord-Norge, as the banking industry has high barriers to entry and regulatory requirements, making it difficult for new entrants to establish themselves.
Intensity Of Rivalry
The intensity of rivalry is high for SpareBank 1 Nord-Norge, as the banking industry is highly competitive, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 61.20% |
| Debt Cost | 4.82% |
| Equity Weight | 38.80% |
| Equity Cost | 8.02% |
| WACC | 6.07% |
| Leverage | 157.70% |
SpareBank 1 Nord-Norge : Quality Control
SpareBank 1 Nord-Norge passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| BNORDIK-CSE.CO | P/F BankNordik, together with its subsidiaries, provides personal and corporate banking services in the Faroe Islands and Greenland. The company operates in two segments, Banking and Non-Life Insurance. It provides … |
| MING.OL | SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. The company offers mortgage, … |
| DAB.CO | Danske Andelskassers Bank A/S provides various banking products and services to private, small and medium-sized business, and institutional customers in Denmark. The company offers payment accounts; loans and credit products, … |
| SOR.OL | Sparebanken Sør operates as an independent financial institution in Norway. It operates through two segments, Retail Market and Corporate Market. The company is involved in banking, securities trading, and real … |
| SPKSJF.CO | Sparekassen Sjælland-Fyn A/S, a savings bank, provides financial products and services to private and corporate customers. The company offers deposits and lending services, overdrafts, savings products, mortgage, car and housing … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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SpareBank 1 SMN
A-Score
1-Year Total Return ->
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Sparekassen Sjælland-Fyn
A-Score
1-Year Total Return ->
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SpareBank 1 Nord-Norge
A-Score
1-Year Total Return ->
4
BankNordik
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1-Year Total Return ->
5
Danske Bank
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1-Year Total Return ->
6
