SpareBank 1 Ringerike Hadeland (RING.OL) | Investment Case

1. Company Snapshot

1.a. Company Description

SpareBank 1 Ringerike Hadeland provides various banking products and services to private and corporate customers in Norway.The company offers saving, current, deposit, and currency accounts; vehicle, house and travel, and animal insurance products, as well as life, child, disability, critical illness, accident, health, and business and personal insurance products; mobile and online banking services; and debit and credit cards.It also provides mortgages; car, boat, and other vehicles; consumer and other loans; and bank guarantees, corporate and construction loans, liquidity loans with a government guarantee, and operating credit for agriculture, as well as factoring, leasing, and overdraft services.

In addition, the company offers services for buying and selling property; accounting services; pension products; and savings and investment products.The company was founded in 1833 and is based in Hønefoss, Norway.

Show Full description

1.b. Last Insights on RING

SpareBank 1 Ringerike Hadeland's recent performance was driven by a favorable macroeconomic environment, with the pan-European STOXX Europe 600 Index showing resilience despite ongoing economic uncertainties. The company's prospects are buoyed by increased government spending and a potential boost to the Norwegian economy. Additionally, the bank's dividend-paying status makes it an attractive consideration for investors seeking stable returns. Furthermore, the bank's ability to navigate economic uncertainties and capitalize on emerging opportunities positions it well for growth.

1.c. Company Highlights

Last Price	392.5
Change Percentage	0.64%
Open	391
Previous Close	390
Market Cap ( Millions)	6142
Volume	3377
Year High	415
Year Low	319
M A 50	385.85
M A 200	381.82

FCF Yield	21.98%
Dividend Yield	7.64%
ROE	16.04%
Debt / Equity	86.54%
Net Debt / EBIDTA	437.29%
Price To Book	1.15
Price Earnings Ratio	7.39
Price To FCF	4.55
Price To sales	2.87
EV / EBITDA	10.5

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

European Dividend Stocks Spotlighting Three Top Picks

Nov -21

Source:

Exploring Kendrion And 2 Other European Small Caps with Potential

Oct -01

Source:

Societe Generale: shares & voting rights as of 31 August 2025

Sep -09

Source:

Assessing Acciona (BME:ANA)'s Valuation After Recent Subtle Moves

Sep -09

Source:

Deutsche Bank (XTRA:DBK): Assessing Valuation After a Period of Quiet Share Price Momentum

Sep -09

Source:

Is Vaisala (HLSE:VAIAS) Undervalued? A Fresh Look at Its Current Valuation

Sep -09

Source:

Has Evotec’s 29.5% Price Drop Created a New Opportunity for 2025?

Sep -09

Source:

Repsol (BME:REP): Evaluating Whether Recent Momentum Reflects Fair Value or Hidden Growth Potential

Sep -09

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.62%)

6. Segments

Corporate Market

Expected Growth: 2.5%

SpareBank 1 Ringerike Hadeland's 2.5% corporate market growth is driven by increasing demand for digital banking services, strategic partnerships with local businesses, and a strong focus on customer experience. Additionally, the bank's robust risk management and efficient cost structure contribute to its growth, enabling it to maintain a competitive edge in the market.

Private Market

Expected Growth: 2.8%

SpareBank 1 Ringerike Hadeland's 2.8% growth in the private market is driven by increasing demand for digital banking services, strategic partnerships, and expansion into underserved regions. Additionally, the bank's focus on customer-centric approach, competitive pricing, and innovative product offerings have contributed to its growth.

IT and Accounting Services

Expected Growth: 3.2%

SpareBank 1 Ringerike Hadeland's 3.2% growth in IT and Accounting Services is driven by increasing demand for digital transformation, cloud-based solutions, and outsourcing of non-core functions. Additionally, the bank's focus on cost reduction and operational efficiency has led to increased adoption of automation and technology, further fueling growth in this segment.

Other Business/Eliminations

Expected Growth: 1.8%

SpareBank 1 Ringerike Hadeland's 1.8% growth in Other Business/Eliminations is driven by increased fee income from payment services, higher revenues from real estate brokerage, and cost savings from operational efficiencies. Additionally, the bank's strategic partnerships and investments in fintech companies have contributed to the growth.

Real Estate

Expected Growth: 2.2%

SpareBank 1 Ringerike Hadeland's 2.2% growth in Real Estate is driven by increasing demand for housing in the region, fueled by population growth and urbanization. Additionally, low interest rates and government incentives for first-time homebuyers have boosted mortgage lending, contributing to the segment's growth.

7. Detailed Products

Personal Banking

SpareBank 1 Ringerike Hadeland offers personal banking services, including current and savings accounts, credit cards, and personal loans.

Mortgage Loans

The bank provides mortgage loans for individuals and families to purchase or renovate homes.

Business Banking

SpareBank 1 Ringerike Hadeland offers business banking services, including business accounts, loans, and cash management solutions.

Investment Services

The bank provides investment services, including portfolio management, investment advice, and brokerage services.

Insurance Services

SpareBank 1 Ringerike Hadeland offers insurance services, including life insurance, non-life insurance, and pension plans.

Payment Services

The bank provides payment services, including card services, online banking, and mobile banking.

Wealth Management

SpareBank 1 Ringerike Hadeland offers wealth management services, including financial planning, investment advice, and portfolio management.

8. SpareBank 1 Ringerike Hadeland's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for SpareBank 1 Ringerike Hadeland is medium, as there are some alternatives to traditional banking services, but they are not yet widely adopted.

Bargaining Power Of Customers

The bargaining power of customers for SpareBank 1 Ringerike Hadeland is low, as customers have limited options and switching costs are high.

Bargaining Power Of Suppliers

The bargaining power of suppliers for SpareBank 1 Ringerike Hadeland is low, as the bank has a strong negotiating position with its suppliers.

Threat Of New Entrants

The threat of new entrants for SpareBank 1 Ringerike Hadeland is low, as there are significant barriers to entry in the banking industry.

Intensity Of Rivalry

The intensity of rivalry for SpareBank 1 Ringerike Hadeland is high, as the banking industry is highly competitive and there are many established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	58.71%
Debt Cost	4.82%
Equity Weight	41.29%
Equity Cost	4.82%
WACC	4.82%
Leverage	142.17%

11. Quality Control: SpareBank 1 Ringerike Hadeland passed 3 out of 9 key points

Strong Liquidity

Low Deb

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

SpareBank 1 Ringerike Hadeland

A-Score: 8.2/10

Value: 6.9

Growth: 8.4

Quality: 6.5

Yield: 9.4

Momentum: 9.0

Volatility: 9.0

1-Year Total Return ->

TBC Bank

A-Score: 7.7/10

Value: 9.6

Growth: 5.7

Quality: 7.3

Yield: 8.8

Momentum: 10.0

Volatility: 4.7

1-Year Total Return ->

Crédit Agricole Brie Picardie

A-Score: 7.1/10

Value: 10.0

Growth: 1.7

Quality: 6.5

Yield: 8.1

Momentum: 10.0

Volatility: 6.3

1-Year Total Return ->

BTV

A-Score: 6.8/10

Value: 7.5

Growth: 7.2

Quality: 7.6

Yield: 0.6

Momentum: 8.0

Volatility: 10.0

1-Year Total Return ->

Crédit Agricole

A-Score: 6.7/10

Value: 9.1

Growth: 3.9

Quality: 6.1

Yield: 5.6

Momentum: 10.0

Volatility: 5.7

1-Year Total Return ->

ProCredit Holding

A-Score: 6.2/10

Value: 9.8

Growth: 3.9

Quality: 6.5

Yield: 8.1

Momentum: 6.0

Volatility: 2.7

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

-9.07%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

4.82%

SpareBank 1 Ringerike Hadeland - NO0006390400

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on RING

1.c. Company Highlights

Weak Momentum

Higher Growth

Average Yield

Earnings Miss

Revenues Beats

Medium Volatility

Earnings Beats

Stable Momentum

Average Quality

Lower Quality

Revenues Miss

Strong Momentum

Less Volatile

Average Growth

Higher Yield

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.62%)

6. Segments

Corporate Market

Expected Growth: 2.5%

Private Market

Expected Growth: 2.8%

IT and Accounting Services

Expected Growth: 3.2%

Other Business/Eliminations

Expected Growth: 1.8%

Real Estate

Expected Growth: 2.2%

7. Detailed Products

Personal Banking

Mortgage Loans

Business Banking

Investment Services

Insurance Services

Payment Services

Wealth Management

8. SpareBank 1 Ringerike Hadeland's Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: SpareBank 1 Ringerike Hadeland passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

392.5$

Current Price

392.5$

Potential

-0.00%

12.e Scoring ^Insights

12.f DCF ^BETA