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Nidaros Sparebank

OB:NISB-ME
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NISB-ME
OB
NOK120M
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

Nidaros Sparebank operates as a savings bank that provides loans, savings, insurance, pension products, and payment services for private and corporate customers in Norway. The last earnings update was 36 days ago. More info.


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NISB-ME Share Price and Events
7 Day Returns
-2.8%
OB:NISB-ME
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
-
OB:NISB-ME
-5.9%
NO Banks
-8.3%
NO Market
NISB-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nidaros Sparebank (NISB-ME) -2.8% -5.4% 2.4% - - -
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
  • No trading data on NISB-ME.
  • No trading data on NISB-ME.
Price Volatility
Industry
5yr Volatility vs Market

NISB-ME Value

 Is Nidaros 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 Nidaros 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 Nidaros Sparebank.

OB:NISB-ME Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.7%
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:NISB-ME
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%) (670.81%))
2.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (2 * 5.96%)
13.68%

Discounted Cash Flow Calculation for OB:NISB-ME using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nidaros Sparebank is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:NISB-ME DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 13.68%)
2020 44.39 Est @ 2.96% 39.05
2021 45.54 Est @ 2.6% 35.24
2022 46.61 Est @ 2.35% 31.73
2023 47.62 Est @ 2.17% 28.51
2024 48.60 Est @ 2.05% 25.60
2025 49.55 Est @ 1.96% 22.96
2026 50.49 Est @ 1.9% 20.58
2027 51.43 Est @ 1.86% 18.44
2028 52.37 Est @ 1.83% 16.52
2029 53.32 Est @ 1.81% 14.79
Present value of next 10 years cash flows NOK253.00
OB:NISB-ME DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK53.32 × (1 + 1.76%) ÷ (13.68% – 1.76%)
NOK455.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK455.17 ÷ (1 + 13.68%)10
NOK126.28
OB:NISB-ME Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK253.00 + NOK126.28
NOK379.28
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK379.28 / 1.13
NOK336.07
OB:NISB-ME Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK336.07
Current discount Discount to share price of NOK106.00
= -1 x (NOK106.00 - NOK336.07) / NOK336.07
68.5%

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

Current Discount
Amount off the current price Nidaros Sparebank is available for.
Intrinsic value
>50%
Share price is NOK106 vs Future cash flow value of NOK336.07
Current Discount Checks
For Nidaros Sparebank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nidaros Sparebank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nidaros Sparebank's share price is below the future cash flow value, and 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 Nidaros Sparebank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nidaros Sparebank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:NISB-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK Not available
OB:NISB-ME Share Price ** OB (2019-09-19) in NOK NOK106
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 Nidaros Sparebank.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Nidaros Sparebank, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Nidaros Sparebank's expected growth come at a high price?
Raw Data
OB:NISB-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.2%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 .

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

  • Unable to calculate PEG ratio for Nidaros Sparebank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nidaros Sparebank's assets?
Raw Data
OB:NISB-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK Not available
OB:NISB-ME Share Price * OB (2019-09-19) in NOK NOK106
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

* Primary Listing of Nidaros Sparebank.

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

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess Nidaros 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. Nidaros Sparebank has a total score of 2/6, 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.

NISB-ME Future Performance

 How is Nidaros Sparebank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Nidaros Sparebank, future earnings growth has been estimated based on fundamentals.
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
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nidaros Sparebank expected to grow at an attractive rate?
  • Nidaros Sparebank's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Nidaros Sparebank's earnings growth is positive but not above the Norway market average.
  • Unable to compare Nidaros Sparebank's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:NISB-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:NISB-ME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.2%
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:NISB-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:NISB-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 87 26
2019-03-31 85 26
2018-12-31 82 44 24
2018-09-30 81 22
2018-06-30 81 23
2018-03-31 80 22
2017-12-31 79 -257 20
2017-09-30 76 20
2017-06-30 72 17
2017-03-31 72 18
2016-12-31 68 8 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nidaros Sparebank's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Nidaros Sparebank is high growth as no revenue estimate data is available.
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:NISB-ME 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 0 Analyst Estimates (S&P Global) See Below

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

OB:NISB-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30
2019-03-31
2018-12-31
2018-09-30
2018-06-30
2018-03-31
2017-12-31
2017-09-30
2017-06-30
2017-03-31
2016-12-31 52.91

*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.
  • Unable to establish if Nidaros Sparebank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nidaros 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.
Nidaros Sparebank has a total score of 1/6, 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.

NISB-ME Past Performance

  How has Nidaros 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 Nidaros 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.
  • Nidaros Sparebank's year on year earnings growth rate has been positive over the past 5 years.
  • Nidaros Sparebank's 1-year earnings growth is less than its 5-year average (15% vs 19%)
  • Nidaros Sparebank's earnings growth has exceeded the NO Banks industry average in the past year (15% vs 13.3%).
Earnings and Revenue History
Nidaros 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 Nidaros Sparebank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NISB-ME 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 86.98 26.47 42.15
2019-03-31 85.02 25.89 40.72
2018-12-31 82.20 23.67 40.39
2018-09-30 81.42 22.50 41.53
2018-06-30 81.18 23.03 40.14
2018-03-31 80.40 21.59 41.73
2017-12-31 78.66 20.35 41.95
2017-09-30 76.44 19.68 41.34
2017-06-30 72.05 17.19 40.87
2017-03-31 71.70 17.79 39.84
2016-12-31 67.97 15.87 38.49
2015-12-31 63.58 13.13 36.93

*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.
  • Nidaros Sparebank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nidaros Sparebank used its assets less efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if Nidaros 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 Nidaros 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.
Nidaros 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.

NISB-ME Health

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

OB:NISB-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 414.04 802.48 41.65
2019-03-31 360.87 790.87 41.40
2018-12-31 353.65 791.63 109.37
2018-09-30 352.75 780.66 39.89
2018-06-30 347.48 830.66 41.86
2018-03-31 340.48 830.77 39.63
2017-12-31 335.53 786.64 88.56
2017-09-30 334.88 649.05 38.63
2017-06-30 329.01 645.81 39.31
2017-03-31 282.44 494.82 40.06
2016-12-31 278.67 537.24 68.10
2015-12-31 264.72 580.04 95.35
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.
  • Nidaros Sparebank has an acceptable proportion of non-loan assets held.
  • Nidaros Sparebank's liabilities are made up of primarily low risk sources of funding.
  • Nidaros Sparebank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Nidaros 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 Nidaros Sparebank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Nidaros Sparebank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Nidaros 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. Nidaros 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.

NISB-ME Dividends

 What is Nidaros 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
0%
Current annual income from Nidaros Sparebank dividends.
If you bought NOK2,000 of Nidaros Sparebank shares you are expected to receive NOK0 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?
  • Unable to evaluate Nidaros Sparebank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nidaros Sparebank's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:NISB-ME 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 0 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:NISB-ME Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.000 0.000

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

  • Unable to perform a dividend volatility check as Nidaros Sparebank has not reported any payouts.
  • Unable to verify if Nidaros Sparebank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nidaros Sparebank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nidaros Sparebank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nidaros 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 Nidaros Sparebank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nidaros Sparebank has a total score of 0/6, see the detailed checks below.


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

NISB-ME Management

 What is the CEO of Nidaros 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
Bjørn Riise
COMPENSATION NOK1,826,000
AGE 56
CEO Bio

Mr. Bjørn Arne Riise served as Chairman of Terra Boligkreditt AS since 2015 and its Director from 2008 to January 29, 2018.

CEO Compensation
  • Insufficient data for Bjørn to compare compensation growth.
  • Bjørn's remuneration is lower than average for companies of similar size in Norway.
Management Team

Bjørn Riise

TITLE
Bank Manager
COMPENSATION
NOK2M
AGE
56

Torleif Lia

TITLE
Controller & Risk Manager
COMPENSATION
NOK1M

Bard Einar Brenne

TITLE
Credit Manager
COMPENSATION
NOK1M

Mariann Krogstad Bjørgen

TITLE
Lead Business Support
COMPENSATION
NOK1M
Board of Directors

Bente Haugrønning

TITLE
Chairman of the Board
COMPENSATION
NOK122K

Leif Lihaug

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK61K

Gøril Forbord

TITLE
Director
TENURE
1.5 yrs

Per Hangerhagen

TITLE
Director
TENURE
1.5 yrs

Johan Mæhre

TITLE
Employee Elected Board Member
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)
X
Management checks
We assess Nidaros 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. Nidaros 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.

NISB-ME News

Simply Wall St News

NISB-ME Company Info

Description

Nidaros Sparebank operates as a savings bank that provides loans, savings, insurance, pension products, and payment services for private and corporate customers in Norway. It offers payment and card services, VIPPS, and mobile and online banking services; children, auto, death fall, health, building, holiday home, property, income, critical illness, disability, UNG, and other insurance, as well as health policies; car loans, mortgages, and loans to other vehicles; and savings and pensions, including share savings accounts, bank and fund savings, BSU, IPS, retirement savings and pensions, and investor services to personal customers. The company also provides payment solutions and bank cards, net and mobile banking, billing solutions, and payment terminals; financing solutions, such as bank guarantees, construction loans, overdrafts, leasing, and corporate loans; liability, customer's, cyber, operational agriculture, commercial vehicle, property, health, landlord, home, craft, lice, breeding and crew, commercial, big car, staff, business travel, and occupational injuries insurance; other accounts; and savings and pensions, such as deposit and retirement pensions to small business customers in construction, property, trade and services, and agriculture industries. In addition, it is engaged in the rental of a lighthouse to public agencies, companies, or private individuals. The company was incorporated in 1858 and is headquartered in Klæbu, Norway with a branch office in Heimdal.

Details
Name: Nidaros Sparebank
NISB-ME
Exchange: OB
Founded: 1858
NOK119,628,526
1,128,571
Website: http://nidaros-sparebank.no
Address: Nidaros Sparebank
Nordalsvegen 2,
Klæbu,
Sør-Trøndelag, 7540,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NISB-ME Share capital Oslo Bors NO NOK 14. Jun 2019
Number of employees
Current staff
Staff numbers
0
Nidaros Sparebank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 22:03
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/14
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.