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Aurskog Sparebank

OB:AURG
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AURG
OB
NOK414M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Aurskog Sparebank provides various banking products and services in Norway. The last earnings update was 35 days ago. More info.


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AURG Share Price and Events
7 Day Returns
-4.9%
OB:AURG
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
-5.9%
OB:AURG
-5.9%
NO Banks
-8.3%
NO Market
AURG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aurskog Sparebank (AURG) -4.9% -11.2% -11.7% -5.9% -10.8% 2.7%
NO Banks 2.8% 5.6% 2.1% -5.9% 50.5% 39.2%
NO Market 1.6% 7.6% 2.7% -8.3% 31.1% 16.1%
1 Year Return vs Industry and Market
  • AURG matched the Banks industry (-5.9%) over the past year.
  • AURG outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
AURG
Industry
5yr Volatility vs Market

AURG Value

 Is Aurskog Sparebank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aurskog Sparebank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aurskog Sparebank.

OB:AURG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK169.60 * 8.1%
NOK13.66
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. NOK169.60
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:AURG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 23%) (717.55%))
1.25
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.25 * 5.96%)
9.21%

Discounted Cash Flow Calculation for OB:AURG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aurskog Sparebank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:AURG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.1% – 9.21%) * NOK169.60)
NOK-1.97
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-1.97 / (9.21% - 1.76%)
NOK-26.39
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK169.60 + NOK-26.39
NOK143.22
OB:AURG Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK143.22
Current discount Discount to share price of NOK174.00
= -1 x (NOK174.00 - NOK143.22) / NOK143.22
-21.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Aurskog Sparebank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aurskog Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aurskog Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:AURG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK19.06
OB:AURG Share Price ** OB (2019-09-19) in NOK NOK174
Norway Banks Industry PE Ratio Median Figure of 35 Publicly-Listed Banks Companies 7.93x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.35x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aurskog Sparebank.

OB:AURG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:AURG Share Price ÷ EPS (both in NOK)

= 174 ÷ 19.06

9.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aurskog Sparebank is overvalued based on earnings compared to the NO Banks industry average.
  • Aurskog Sparebank is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Aurskog Sparebank's expected growth come at a high price?
Raw Data
OB:AURG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
20.2%per year
Norway Banks Industry PEG Ratio Median Figure of 29 Publicly-Listed Banks Companies 0.63x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

OB:AURG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.13x ÷ 20.2%

0.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aurskog Sparebank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Aurskog Sparebank's assets?
Raw Data
OB:AURG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK522.18
OB:AURG Share Price * OB (2019-09-19) in NOK NOK174
Norway Banks Industry PB Ratio Median Figure of 35 Publicly-Listed Banks Companies 0.49x
Norway Market PB Ratio Median Figure of 239 Publicly-Listed Companies 1.12x
OB:AURG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:AURG Share Price ÷ Book Value per Share (both in NOK)

= 174 ÷ 522.18

0.33x

* Primary Listing of Aurskog Sparebank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aurskog Sparebank is good value based on assets compared to the NO Banks industry average.
X
Value checks
We assess Aurskog Sparebank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Aurskog Sparebank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AURG Future Performance

 How is Aurskog Sparebank expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aurskog Sparebank expected to grow at an attractive rate?
  • Aurskog Sparebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Aurskog Sparebank's earnings growth is expected to exceed the Norway market average.
  • Aurskog Sparebank's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:AURG Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:AURG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 20.2%
OB:AURG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.4%
Norway Banks Industry Earnings Growth Rate Market Cap Weighted Average 0.2%
Norway Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:AURG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:AURG Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 148
2021-12-31 263 124 2
2020-12-31 246 115 2
2019-12-31 221 112 1
2019-09-19
OB:AURG Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 233 -841 45
2019-03-31 222 -536 35
2018-12-31 219 -284 33
2018-09-30 219 -344 36
2018-06-30 212 -135 30
2018-03-31 211 -394 29
2017-12-31 210 -634 29
2017-09-30 204 -851 28
2017-06-30 204 -1,008 33
2017-03-31 205 -842 37
2016-12-31 197 -606 28
2016-09-30 198 -341 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aurskog Sparebank's earnings are expected to grow significantly at over 20% yearly.
  • Aurskog Sparebank's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:AURG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Aurskog Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:AURG Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 15.46 17.13 13.80 2.00
2020-12-31 14.92 16.28 13.56 2.00
2019-12-31 13.42 13.42 13.42 1.00
2019-09-19
OB:AURG Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 19.06
2019-03-31 14.57
2018-12-31 13.93
2018-09-30 15.31
2018-06-30 12.79
2018-03-31 12.14
2017-12-31 12.37
2017-09-30 11.82
2017-06-30 13.86
2017-03-31 15.38
2016-12-31 15.21
2016-09-30 25.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aurskog Sparebank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aurskog Sparebank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aurskog Sparebank has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AURG Past Performance

  How has Aurskog Sparebank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aurskog Sparebank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aurskog Sparebank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Aurskog Sparebank's 1-year earnings growth exceeds its 5-year average (49% vs -15%)
  • Aurskog Sparebank's earnings growth has exceeded the NO Banks industry average in the past year (49% vs 13.3%).
Earnings and Revenue History
Aurskog Sparebank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aurskog Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:AURG Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 232.75 45.37 53.43
2019-03-31 221.87 34.69 57.28
2018-12-31 218.61 33.16 55.40
2018-09-30 219.23 36.45 61.42
2018-06-30 211.93 30.45 59.75
2018-03-31 210.91 28.91 59.28
2017-12-31 209.93 29.44 59.12
2017-09-30 203.81 28.13 61.07
2017-06-30 203.74 33.01 61.88
2017-03-31 205.19 36.62 65.20
2016-12-31 197.10 28.26 70.47
2016-09-30 198.11 42.46 66.27
2016-06-30 186.05 27.94 70.86
2016-03-31 177.08 17.41 71.38
2015-12-31 177.90 19.06 70.09
2015-09-30 169.77 54.08 68.47
2015-06-30 180.59 66.33 67.40
2015-03-31 173.45 62.58 67.28
2014-12-31 174.83 64.53 67.35
2014-09-30 179.31 67.73 68.59
2014-06-30 172.74 62.29 68.58
2014-03-31 169.67 60.64 68.97
2013-12-31 169.34 62.34 68.12
2013-09-30 160.16 53.77 67.11
2013-06-30 162.08 58.17 65.29
2013-03-31 173.89 68.83 65.02
2012-12-31 172.38 69.23 63.27
2012-09-30 170.20 73.45 61.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aurskog Sparebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aurskog Sparebank used its assets less efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Aurskog Sparebank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Aurskog Sparebank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aurskog Sparebank has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AURG Health

 How is Aurskog Sparebank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Aurskog Sparebank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aurskog Sparebank Company Filings, last reported 2 months ago.

OB:AURG Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,243.22 2,972.59 435.56
2019-03-31 1,157.66 2,831.03 328.15
2018-12-31 1,163.58 2,828.26 220.75
2018-09-30 1,142.55 2,864.58 673.15
2018-06-30 1,120.83 2,720.07 767.23
2018-03-31 1,084.21 2,495.45 1,168.92
2017-12-31 1,096.44 2,380.35 303.38
2017-09-30 1,077.65 2,119.28 1,050.22
2017-06-30 1,062.67 2,068.62 909.70
2017-03-31 1,032.30 2,095.37 830.23
2016-12-31 961.85 2,158.49 658.33
2016-09-30 820.24 2,428.90 1,249.48
2016-06-30 798.23 2,516.22 1,294.68
2016-03-31 766.62 2,472.44 1,104.68
2015-12-31 896.17 2,131.46 643.80
2015-09-30 731.31 2,263.38 1,170.82
2015-06-30 722.82 2,349.90 1,210.89
2015-03-31 698.26 2,346.66 1,337.84
2014-12-31 709.08 2,460.80 1,024.11
2014-09-30 673.75 2,450.68 1,470.84
2014-06-30 653.07 2,467.95 873.18
2014-03-31 632.55 2,550.23 1,108.47
2013-12-31 638.24 2,604.67 683.79
2013-09-30 606.18 2,831.32 1,141.64
2013-06-30 592.02 2,559.13 1,008.50
2013-03-31 567.67 2,689.06 1,210.74
2012-12-31 575.15 2,628.50 670.03
2012-09-30 563.70 2,761.34 1,008.56
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Aurskog Sparebank has an acceptable proportion of non-loan assets held.
  • Aurskog Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Aurskog Sparebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Aurskog Sparebank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Aurskog Sparebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Aurskog Sparebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Aurskog Sparebank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aurskog Sparebank has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AURG Dividends

 What is Aurskog Sparebank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.32%
Current annual income from Aurskog Sparebank dividends. Estimated to be 6.75% next year.
If you bought NOK2,000 of Aurskog Sparebank shares you are expected to receive NOK126 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Aurskog Sparebank's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • Aurskog Sparebank's dividend is below the markets top 25% of dividend payers in Norway (6.4%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:AURG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Norway Banks Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 5.1%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:AURG Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 12.35 2.00
2020-12-31 11.50 2.00
2019-12-31 11.00 1.00
2019-09-19
OB:AURG Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-28 11.000 5.686
2019-01-31 11.000 5.451
2018-03-01 10.000 5.380
2018-02-01 10.000 5.403
2017-03-01 10.000 5.850
2017-02-07 10.000 4.845
2016-02-25 10.000 5.093
2016-01-28 10.000 4.935
2015-02-26 11.000 5.901
2015-01-29 11.000 5.913
2014-04-30 11.000 6.468
2014-02-13 11.000 6.966
2013-03-20 11.000 6.977
2013-02-14 11.000 7.210
2012-03-05 7.350 5.221
2012-02-08 7.350 4.282
2011-04-13 10.000 5.710
2011-02-09 10.000 5.569
2010-10-20 6.200 3.503
2010-08-19 6.200 3.915
2010-03-10 6.200 4.664
2009-04-21 9.400 7.182
2009-02-13 9.400 6.239
2008-10-24 13.000 8.949

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Aurskog Sparebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Aurskog Sparebank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aurskog Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aurskog Sparebank has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AURG Management

 What is the CEO of Aurskog Sparebank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Odd Nordli
AGE 65
TENURE AS CEO 13.7 years
CEO Bio

Mr. Odd Nordli serves as the Chief Executive Officer of Aurskog Sparebank and has been its Bank Manager since 2006. Mr. Nordli serves as Deputy Chairman of the Board at Eiendomskreditt AS. He serves as a Member of the Supervisory Board at Eika Forsikring AS. He serves as a Member of Supervisory Board at Eika Boligkreditt AS. Mr. Nordli served as Member of Supervisory Board at Eika Gruppen AS. Mr. Nodli served as a Director of Eika Gruppen AS.

CEO Compensation
  • Insufficient data for Odd to compare compensation growth.
  • Insufficient data for Odd to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure of the Aurskog Sparebank management team in years:

13.7
Average Tenure
  • The average tenure for the Aurskog Sparebank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Odd Nordli

TITLE
Chief Executive Officer
AGE
65
TENURE
13.7 yrs

Andreas Glende

TITLE
Chief Financial Officer
AGE
39
TENURE
9.7 yrs

Helene Skjønnhaug

TITLE
Chief Marketing Officer

Jan Pedersen

TITLE
Assistant Chief Executive Officer

Tor-Einar Torre

TITLE
Head of Savings & Placement
TENURE
31.7 yrs

Katrin Bråthen

TITLE
Head of Customer Service Center

Laila Hansen

TITLE
Head of Department - Jessheim
Board of Directors Tenure

Average tenure and age of the Aurskog Sparebank board of directors in years:

10.2
Average Tenure
61
Average Age
  • The average tenure for the Aurskog Sparebank board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jan Skøld

TITLE
Chairman of the Board
AGE
61

Liv Åsta Ånerud Tangen

TITLE
Vice Chairman of the Board
AGE
72
TENURE
13.7 yrs

Katrin Bråthen

TITLE
Head of Customer Service Center

Erik Gangnæs

TITLE
Chairman of Supervisory Board

Annikken Eid

TITLE
Vice Chairman of Supervisory Board

Kjell-Tore Skedsmo

TITLE
Director
TENURE
16.7 yrs

Tove Elisabeth Nyhus

TITLE
Director
TENURE
6.7 yrs

Eivind Landsverk

TITLE
Director
TENURE
5.7 yrs

Anne Gro Waaler

TITLE
Member of Supervisory Board

Christine Melleby

TITLE
Director
AGE
48
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
05. Mar 19 Sell Jan Skøld Individual 05. Mar 19 05. Mar 19 -4,000 NOK190.00 NOK-760,000
15. Feb 19 Sell Kjell-Tore Skedsmo Individual 15. Feb 19 15. Feb 19 -10,000 NOK202.00 NOK-2,020,000
13. Feb 19 Sell Kjell-Tore Skedsmo Individual 13. Feb 19 13. Feb 19 -10,000 NOK202.00 NOK-2,020,000
04. Feb 19 Buy Eivind Landsverk Individual 04. Feb 19 04. Feb 19 1,000 NOK199.93 NOK199,930
14. Nov 18 Buy Gjermund Martinsen Individual 14. Nov 18 14. Nov 18 100 NOK186.00 NOK18,600
X
Management checks
We assess Aurskog Sparebank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aurskog Sparebank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AURG News

Simply Wall St News

Do Investors Have Good Reason To Be Wary Of Aurskog Sparebank's (OB:AURG) 5.6% Dividend Yield?

Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … OB:AURG Historical Dividend Yield, August 29th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. In the last year, Aurskogrebank paid out 75% of its profit as dividends. Paying out a majority of its earnings limits the amount that can be reinvested in the business. This may indicate a commitment to paying a dividend, or a dearth of investment opportunities. Dividend Volatility From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. For the purpose of this article, we only scrutinise the last decade of Aurskogrebank's dividend payments. Its dividend payments have fallen by 20% or more on at least one occasion over the past ten years. During the past ten-year period, the first annual payment was kr13.00 in 2009, compared to kr11.00 last year. This works out to be a decline of approximately 1.7% per year over that time. Aurskogrebank's dividend hasn't shrunk linearly at 1.7% per annum, but the CAGR is a useful estimate of the historical rate of change. We struggle to make a case for buying Aurskogrebank for its dividend, given that payments have shrunk over the past ten years. Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Over the past five years, it looks as though Aurskogrebank's EPS have declined at around 19% a year. A sharp decline in earnings per share is not great from from a dividend perspective, as even conservative payout ratios can come under pressure if earnings fall far enough. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Second, earnings per share have been essentially flat, and its history of dividend payments is chequered - having cut its dividend at least once in the past.

Simply Wall St -

What Kind Of Shareholder Owns Most Aurskog Sparebank (OB:AURG) Stock?

Taking a look at our data on the ownership groups (below), it's seems that institutions don't own shares in the company. … Institutional investors often avoid companies that are too small, too illiquid or too risky for their tastes. … Private Company Ownership We can see that Private Companies own 14%, of the shares on issue.

Simply Wall St -

Have Insiders Been Selling Aurskog Sparebank (OB:AURG) Shares?

Check out our latest analysis for Aurskogrebank Aurskogrebank Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Director, Kjell-Tore Skedsmo, sold øre2.0m worth of shares at a price of øre202 per share. … OB:AURG Recent Insider Trading, July 19th 2019 Insider Ownership of Aurskogrebank Many investors like to check how much of a company is owned by insiders. … While we feel good about high insider ownership of Aurskogrebank, we can't say the same about the selling of shares.

Simply Wall St -

Is Now The Time To Put Aurskogrebank (OB:AURG) On Your Watchlist?

So if you're like me, you might be more interested in profitable, growing companies, like Aurskogrebank (OB:AURG). … View our latest analysis for Aurskogrebank How Fast Is Aurskogrebank Growing? … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.

Simply Wall St -

If You Had Bought Aurskogrebank (OB:AURG) Shares Five Years Ago You'd Have Made 25%

For example, the Aurskog Sparebank (OB:AURG) share price is up 25% in the last 5 years, clearly besting than the market return of around 17% (ignoring dividends). … Aurskogrebank's earnings per share are down 1.0% per year, despite strong share price performance over five years. … We note that for Aurskogrebank the TSR over the last 5 years was 90%, which is better than the share price return mentioned above.

Simply Wall St -

Is Aurskog Sparebank (OB:AURG) A Smart Choice For Dividend Investors?

Today we'll take a closer look at Aurskog Sparebank (OB:AURG) from a dividend investor's perspective. … On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … OB:AURG Historical Dividend Yield, April 29th 2019

Simply Wall St -

Do Directors Own Aurskog Sparebank (OB:AURG) Shares?

The big shareholder groups in Aurskog Sparebank (OB:AURG) have power over the company. … Aurskogrebank is not a large company by global standards. … It has a market capitalization of øre445m, which means it wouldn't have the attention of many institutional investors.

Simply Wall St -

What Should You Know About Aurskog Sparebank's (OB:AURG) Future?

Since Aurskog Sparebank (OB:AURG) released its earnings in December 2018,. … analyst consensus outlook appear cautiously optimistic, … as a 14% increase in profits is expected in the upcoming year,

Simply Wall St -

2 Days Left Until Aurskog Sparebank (OB:AURG) Trades Ex-Dividend

To qualify for the dividend check of øre11.00 per share, investors must have owned the shares prior to 28 February 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding Aurskogrebank can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … 5 questions to ask before buying a dividend stock?

Simply Wall St -

Understated Factors To Consider Before Investing In Aurskog Sparebank (OB:AURG)

As a small-cap finance stock with a market capitalisation of øre457m, the risk and profitability of Aurskog Sparebank (OB:AURG) are largely tied to the underlying economic growth of the region it operates in NO. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels.

Simply Wall St -

AURG Company Info

Description

Aurskog Sparebank provides various banking products and services in Norway. The company offers savings and pension accounts; payment and card services; car, mortgage, other vehicles loans, and small loans and refinancing; and insurance products, such as children, auto, death fall, health, building, holiday home, property, income, critical illness, disability, UNG, and other insurances. It also provides online and mobile banking services. The company operates through its branches in Aurskog, Bjørkelangen, Årnes, and Jessheim. Aurskog Sparebank was founded in 1846 and is headquartered in Aurskog, Norway.

Details
Name: Aurskog Sparebank
AURG
Exchange: OB
Founded: 1846
NOK414,267,378
2,380,847
Website: http://aurskog-sparebank.no
Address: Aurskog Sparebank
Senterveien 15,
Aurskog,
Akershus, 1930,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB AURG Primary Capital Certificates Oslo Bors NO NOK 12. Aug 1998
Number of employees
Current staff
Staff numbers
0
Aurskog Sparebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:36
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/08/15
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.