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Helgeland Sparebank

OB:HELG
Snowflake Description

Adequate balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HELG
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Helgeland Sparebank operates as an independent savings bank in Norway. The last earnings update was 37 days ago. More info.


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HELG Share Price and Events
7 Day Returns
1.9%
OB:HELG
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
-3.6%
OB:HELG
-5.9%
NO Banks
-8.3%
NO Market
HELG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Helgeland Sparebank (HELG) 1.9% 0.6% 0.6% -3.6% 19.7% 46.4%
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
  • HELG outperformed the Banks industry which returned -5.9% over the past year.
  • HELG outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
HELG
Industry
5yr Volatility vs Market

Value

 Is Helgeland 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 Helgeland 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 Helgeland Sparebank.

OB:HELG 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
= NOK125.78 * 8.6%
NOK10.84
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. NOK125.78
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:HELG
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%) (732.43%))
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:HELG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Helgeland 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:HELG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 9.21%) * NOK125.78)
NOK-0.75
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK-0.75 / (9.21% - 1.76%)
NOK-10.06
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK125.78 + NOK-10.06
NOK115.71
OB:HELG Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK115.71
Current discount Discount to share price of NOK80.50
= -1 x (NOK80.50 - NOK115.71) / NOK115.71
30.4%

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

Current Discount
Amount off the current price Helgeland Sparebank is available for.
Intrinsic value
30%
Share price is NOK80.5 vs Future cash flow value of NOK115.71
Current Discount Checks
For Helgeland Sparebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Helgeland Sparebank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Helgeland Sparebank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Helgeland Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Helgeland Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:HELG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK5.82
OB:HELG Share Price ** OB (2019-09-19) in NOK NOK80.5
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 Helgeland Sparebank.

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

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

= 80.5 ÷ 5.82

13.83x

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

  • Helgeland Sparebank is overvalued based on earnings compared to the NO Banks industry average.
  • Helgeland Sparebank is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Helgeland Sparebank's expected growth come at a high price?
Raw Data
OB:HELG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.6%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:HELG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.83x ÷ 13.6%

1.02x

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

  • Helgeland Sparebank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Helgeland Sparebank's assets?
Raw Data
OB:HELG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK163.57
OB:HELG Share Price * OB (2019-09-19) in NOK NOK80.5
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:HELG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 80.5 ÷ 163.57

0.49x

* Primary Listing of Helgeland Sparebank.

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

  • Helgeland Sparebank is overvalued based on assets compared to the NO Banks industry average.
X
Value checks
We assess Helgeland 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. Helgeland Sparebank has a total score of 1/6, 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.

Future Performance

 How is Helgeland Sparebank expected to perform in the next 1 to 3 years based on estimates from 3 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
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Helgeland Sparebank expected to grow at an attractive rate?
  • Helgeland Sparebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Helgeland Sparebank's earnings growth is positive but not above the Norway market average.
  • Helgeland Sparebank's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:HELG Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:HELG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.6%
OB:HELG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 10.7%
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:HELG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:HELG Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 338
2021-12-31 777 318 3
2020-12-31 745 297 3
2019-12-31 697 284 2
2019-09-19
OB:HELG Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 511 -437 121
2019-03-31 471 -896 104
2018-12-31 471 -822 105
2018-09-30 564 -1,613 169
2018-06-30 589 -2,057 183
2018-03-31 633 -1,526 206
2017-12-31 623 -1,931 198
2017-09-30 636 -2,265 206
2017-06-30 636 -1,603 204
2017-03-31 651 -1,974 215
2016-12-31 642 -1,596 255
2016-09-30 668 -477 259

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Helgeland Sparebank's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Helgeland Sparebank's revenue is expected to grow by 10.7% 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:HELG 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 3 Analyst Estimates (S&P Global) See Below

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

OB:HELG Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 11.60 11.95 10.97 3.00
2020-12-31 10.84 11.14 10.36 3.00
2019-12-31 10.41 10.98 10.04 3.00
2019-09-19
OB:HELG Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 5.82
2019-03-31 4.99
2018-12-31 5.03
2018-09-30 8.05
2018-06-30 8.78
2018-03-31 9.61
2017-12-31 9.49
2017-09-30 10.03
2017-06-30 10.16
2017-03-31 11.25
2016-12-31 13.46
2016-09-30 14.08

*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.
  • Helgeland Sparebank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Helgeland 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.
Helgeland Sparebank has a total score of 2/6, 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.

Past Performance

  How has Helgeland 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 Helgeland 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.
  • Helgeland Sparebank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Helgeland Sparebank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Helgeland Sparebank's 1-year earnings growth is negative, it can't be compared to the NO Banks industry average.
Earnings and Revenue History
Helgeland 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 Helgeland Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HELG Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 511.00 121.00 230.00
2019-03-31 471.00 104.00 223.00
2018-12-31 471.00 105.00 224.00
2018-09-30 564.00 168.67 334.00
2018-06-30 589.00 183.32 334.00
2018-03-31 633.00 206.00 276.00
2017-12-31 623.00 198.00 215.00
2017-09-30 636.00 206.35 23.00
2017-06-30 636.00 203.98 23.00
2017-03-31 651.00 215.13 23.00
2016-12-31 642.00 255.00 23.00
2016-09-30 668.00 259.36 22.00
2016-06-30 621.00 235.86 22.00
2016-03-31 567.00 200.87 22.00
2015-12-31 562.00 156.00 22.00
2015-09-30 542.00 147.64 66.00
2015-06-30 565.00 169.84 121.00
2015-03-31 583.00 184.00 171.00
2014-12-31 570.00 180.00 223.00
2014-09-30 556.00 178.00 198.00
2014-06-30 540.00 163.00 193.00
2014-03-31 524.00 165.00 194.00
2013-12-31 505.00 145.00 190.00
2013-09-30 476.00 134.00 188.00
2013-06-30 450.00 132.00 185.00
2013-03-31 414.00 109.00 185.00
2012-12-31 405.00 123.00 187.00
2012-09-30 371.00 108.00 174.00

*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.
  • Helgeland Sparebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Helgeland Sparebank used its assets less efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Helgeland 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 Helgeland 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.
Helgeland Sparebank has a total score of 0/6, 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.

Health

 How is Helgeland 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 Helgeland 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 Helgeland Sparebank Company Filings, last reported 2 months ago.

OB:HELG Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 3,411.00 12,272.00 738.00
2019-03-31 3,356.00 12,567.00 795.00
2018-12-31 3,322.00 12,281.00 597.00
2018-09-30 3,357.00 12,234.00 685.00
2018-06-30 3,299.00 11,876.00 961.00
2018-03-31 3,273.00 11,821.00 1,051.00
2017-12-31 3,287.00 11,430.00 676.00
2017-09-30 3,186.00 10,850.00 746.00
2017-06-30 3,104.00 10,327.00 934.00
2017-03-31 3,054.00 10,551.00 703.00
2016-12-31 3,208.00 9,846.00 705.00
2016-09-30 2,755.00 10,319.00 781.00
2016-06-30 2,667.00 10,192.00 813.00
2016-03-31 2,616.00 10,110.00 817.00
2015-12-31 2,555.00 9,927.00 728.00
2015-09-30 2,175.00 10,073.00 580.00
2015-06-30 2,145.00 9,428.00 818.00
2015-03-31 2,118.00 9,213.00 726.00
2014-12-31 2,179.00 9,724.00 939.00
2014-09-30 2,140.00 10,050.00 848.00
2014-06-30 2,066.00 10,259.00 1,173.00
2014-03-31 2,014.00 10,433.00 925.00
2013-12-31 1,988.00 10,760.00 869.00
2013-09-30 1,911.00 11,345.00 989.00
2013-06-30 1,859.00 11,431.00 1,124.00
2013-03-31 1,796.00 11,234.00 573.00
2012-12-31 1,797.00 11,388.00 571.00
2012-09-30 1,736.00 11,194.00 318.00
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.
  • Helgeland Sparebank has an acceptable proportion of non-loan assets held.
  • Helgeland Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Helgeland Sparebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Helgeland Sparebank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Helgeland Sparebank has a low allowance for bad loans.
  • Helgeland Sparebank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Helgeland 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. Helgeland Sparebank has a total score of 4/6, 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.

Dividends

 What is Helgeland 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
1.99%
Current annual income from Helgeland Sparebank dividends. Estimated to be 6.26% next year.
If you bought NOK2,000 of Helgeland Sparebank shares you are expected to receive NOK40 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?
  • Helgeland Sparebank's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • Helgeland 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:HELG 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 3 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:HELG Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 5.50 3.00
2020-12-31 5.30 3.00
2019-12-31 3.95 2.00
2019-09-19
OB:HELG Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-03-27 1.600 2.032
2019-02-06 1.600 2.233
2018-03-22 4.000 5.043
2018-02-07 4.000 4.369
2017-04-03 3.750 4.236
2017-02-08 3.750 4.438
2016-03-09 2.750 4.084
2016-02-10 2.750 4.630
2015-03-02 2.500 4.291
2015-02-11 2.500 4.390
2014-04-03 1.800 3.383
2014-02-12 1.800 3.630
2013-03-21 1.300 3.205
2013-01-15 1.300 3.625
2012-04-30 1.900 6.291
2011-04-08 2.750 7.519
2011-02-14 2.750 5.757
2010-03-03 1.167 2.609
2010-01-05 1.167 2.679
2009-02-10 2.667 7.125

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 Helgeland Sparebank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Helgeland 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 Helgeland Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Helgeland Sparebank has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Helgeland 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
Hanne Nordgaard
COMPENSATION NOK2,388,000
AGE 47
TENURE AS CEO 2 years
CEO Bio

Ms. Hanne J. Nordgaard serves as Chief Executive Officer of Helgeland Sparebank since September 1, 2017. Ms. Nordgaard served as an Executive Vice President of Helgeland Region and Senior Group General Manager at SpareBank 1 Nord-Norge until December 31, 2016. She serves as Chairman of the Board at Helgeland Boligkreditt AS since September 1, 2017. Ms. Nordgaard served as Regional Director of Helgeland at SpareBank 1 Nord-Norge. She serves as Member of the Supervisory Board at SpareBank 1 Naeringskreditt AS. She served as a Director at SpareBank 1 Nord-Norge. She serves as Member of Committee of Representatives at SpareBank 1 Boligkreditt AS.

CEO Compensation
  • Hanne's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hanne's remuneration is lower than average for companies of similar size in Norway.
Management Team

Hanne Nordgaard

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
AGE
47
TENURE
2 yrs

Sverre Klausen

TITLE
CFO & Finance Director
COMPENSATION
NOK2M
AGE
60
TENURE
4.7 yrs

Ranveig Kråkstad

TITLE
Chief Accounting Officer & Economic Director
COMPENSATION
NOK1M
AGE
61

Dag Hugo Heimstad

TITLE
Private Market Director & Director of Retail Market
COMPENSATION
NOK2M
AGE
51

Martin Søreng

TITLE
Business Advisor
COMPENSATION
NOK17
Board of Directors Tenure

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

4.7
Average Tenure
51
Average Age
  • The tenure for the Helgeland Sparebank board of directors is about average.
Board of Directors

Ove Brattbakk

TITLE
Chairman of the Board
COMPENSATION
NOK304K
AGE
64
TENURE
4.5 yrs

Bjørn Risøy

TITLE
Vice Chairman of the Board
COMPENSATION
NOK169K
AGE
44
TENURE
1.5 yrs

Martin Søreng

TITLE
Business Advisor
COMPENSATION
NOK17
TENURE
4.7 yrs

Øyvin Trønsdal

TITLE

Per Hjorthen

TITLE
Chairman of Trustee
TENURE
4.7 yrs

Marianne Steinrud

TITLE
Vice Chairman of Trustees
COMPENSATION
NOK75K
AGE
51
TENURE
4.7 yrs

Nils Furunes

TITLE
Director
COMPENSATION
NOK108K
TENURE
4.7 yrs

Inga-Marie Lund

TITLE
Director
COMPENSATION
NOK108K
TENURE
4.7 yrs

Eva Hestvik

TITLE
Director
COMPENSATION
NOK172K
TENURE
4.7 yrs

Marianne Steinmo

TITLE
Director
COMPENSATION
NOK108K
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Helgeland Sparebank individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
16. Aug 19 Buy Bjørn-Tore Brønlund Individual 16. Aug 19 16. Aug 19 550 NOK80.00 NOK44,000
16. May 19 Buy Stein Herigstad-Olsen Individual 16. May 19 16. May 19 610 NOK81.00 NOK49,410
14. Feb 19 Buy Ove Brattbakk Individual 14. Feb 19 14. Feb 19 500 NOK71.00 NOK35,500
13. Feb 19 Buy Ove Brattbakk Individual 13. Feb 19 13. Feb 19 2,000 NOK70.85 NOK141,700
12. Feb 19 Buy Hanne Nordgaard Individual 12. Feb 19 12. Feb 19 700 NOK70.00 NOK49,000
09. Nov 18 Buy Eva Hestvik Individual 09. Nov 18 09. Nov 18 550 NOK74.50 NOK40,975
30. Sep 18 Buy Sparebankstiftelsen Helgeland, Endowment Arm Company 28. Sep 18 28. Sep 18 60,000 NOK83.83 NOK5,029,800
X
Management checks
We assess Helgeland 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. Helgeland 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.

News

Simply Wall St News

Want To Invest In Helgeland Sparebank (OB:HELG) Today? Read This First

Is HELG's share price justifiable by its earnings growth? … However, to properly examine the value of a high-growth stock such as Helgelandrebank, we must reflect its earnings growth into the valuation. … A PE ratio of 13.06x and expected year-on-year earnings growth of 14% give Helgelandrebank a low PEG ratio of 0.96x.

Simply Wall St -

Does Helgeland Sparebank (OB:HELG) Have A Place In Your Dividend Portfolio?

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. … Conclusion To summarise, shareholders should always check that Helgelandrebank's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … 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 -

If You Had Bought Helgelandrebank (OB:HELG) Stock Five Years Ago, You Could Pocket A 55% Gain Today

During five years of share price growth, Helgelandrebank actually saw its EPS drop 12% per year. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. … As it happens, Helgelandrebank's TSR for the last 5 years was 89%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Helgeland Sparebank (OB:HELG) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Helgeland Sparebank (OB:HELG). … OB:HELG Recent Insider Trading, June 11th 2019 There are plenty of other companies that have insiders buying up shares. … Insider Ownership of Helgelandrebank Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

Could Helgeland Sparebank's (OB:HELG) Investor Composition Influence The Stock Price?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … Helgelandrebank is a smaller company with a market capitalization of øre1.6b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Helgeland Sparebank (OB:HELG): Ex-Dividend Is In 3 Days

If you are interested in cashing in on Helgeland Sparebank's (OB:HELG) upcoming dividend of øre1.60 per share, you only have 3 days left to buy the shares before its ex-dividend date, 28 March 2019, in time for dividends payable on the 10 April 2019. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:? … Is it paying an annual yield above 75% of dividend payers?

Simply Wall St -

Financial Metrics For Helgeland Sparebank (OB:HELG)

Since a bank profits from reinvesting its clients’ deposits in the form of loans, negative economic growth may lower deposit levels and demand for loan, adversely impacting its cash flow. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Sufficient liquidity and low levels of leverage could place the bank in a safe place in case of unexpected macro headwinds.

Simply Wall St -

Should Helgeland Sparebank (OB:HELG) Be Part Of Your Dividend Portfolio?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Historically, Helgeland Sparebank (OB:HELG) has been paying a dividend to shareholders.

Simply Wall St -

Why These Fundamentals Make Helgeland Sparebank’s (OB:HELG) More Attractive

As a small-cap finance stock with a market capitalisation of øre1.5b, the risk and profitability of Helgeland Sparebank (OB:HELG) are largely tied to the underlying economic growth of the region it operates in NO. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … We can measure this risk exposure by analysing three metrics for leverage and liquidity which I will take you through today.

Simply Wall St -

Does The Hype Around Helgeland Sparebank's (OB:HELG) Growth Justify Its October Share Price?

Helgeland Sparebank (OB:HELG) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of NOK77 is based on unrealistic expectations. … See our latest analysis for Helgelandrebank? … Investors in Helgelandrebank have been patiently waiting for the uptick in earnings.

Simply Wall St -

Company Info

Description

Helgeland Sparebank operates as an independent savings bank in Norway. It offers savings products, funds, and stocks and bonds; mortgage, home, car, boat, and consumer loans; and vehicle, boat and leisure, and life and health, as well as house, cottage, and household goods insurance. The company also provides card and payment services; and rents out real estate properties. It operates 14 offices in 13 municipalities in the Helgeland region. The company was founded in 1860 and is headquartered in Mo i Rana, Norway. Helgeland Sparebank is a subsidiary of SpareBank 1 SMN.

Details
Name: Helgeland Sparebank
HELG
Exchange: OB
Founded: 1860
NOK1,677,764,980
20,841,801
Website: http://www.hsb.no
Address: Helgeland Sparebank
Jernbanegata 15,
Mo i Rana,
Nordland, 8622,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB HELG Primary Capital Certificates Oslo Bors NO NOK 08. Feb 2000
Number of employees
Current staff
Staff numbers
148
Helgeland Sparebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:33
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/08/13
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.