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SpareBank 1 Nord-Norge

OB:NONG
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NONG
OB
NOK7B
Market Cap
  1. Home
  2. NO
  3. Banks
Company description

SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The last earnings update was 42 days ago. More info.


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NONG Share Price and Events
7 Day Returns
0.7%
OB:NONG
2.8%
NO Banks
1.6%
NO Market
1 Year Returns
0.9%
OB:NONG
-5.9%
NO Banks
-8.3%
NO Market
NONG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SpareBank 1 Nord-Norge (NONG) 0.7% 2.7% 3.1% 0.9% 64.6% 78.7%
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
  • NONG outperformed the Banks industry which returned -5.9% over the past year.
  • NONG outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
NONG
Industry
5yr Volatility vs Market

NONG Value

 Is SpareBank 1 Nord-Norge 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 SpareBank 1 Nord-Norge 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 SpareBank 1 Nord-Norge.

OB:NONG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= NOK66.11 * 12.8%
NOK8.48
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. NOK66.11
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:NONG
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%) (386.09%))
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:NONG using Excess Returns Model Model

The calculations below outline how an intrinsic value for SpareBank 1 Nord-Norge 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:NONG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.8% – 9.21%) * NOK66.11)
NOK2.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK2.39 / (9.21% - 1.76%)
NOK32.07
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK66.11 + NOK32.07
NOK98.18
OB:NONG Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK98.18
Current discount Discount to share price of NOK68.80
= -1 x (NOK68.80 - NOK98.18) / NOK98.18
29.9%

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

Current Discount
Amount off the current price SpareBank 1 Nord-Norge is available for.
Intrinsic value
30%
Share price is NOK68.8 vs Future cash flow value of NOK98.18
Current Discount Checks
For SpareBank 1 Nord-Norge to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SpareBank 1 Nord-Norge's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SpareBank 1 Nord-Norge'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 SpareBank 1 Nord-Norge's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SpareBank 1 Nord-Norge's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:NONG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK10.09
OB:NONG Share Price ** OB (2019-09-19) in NOK NOK68.8
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 SpareBank 1 Nord-Norge.

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

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

= 68.8 ÷ 10.09

6.82x

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

  • SpareBank 1 Nord-Norge is good value based on earnings compared to the NO Banks industry average.
  • SpareBank 1 Nord-Norge is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does SpareBank 1 Nord-Norge's expected growth come at a high price?
Raw Data
OB:NONG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-7%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:NONG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.82x ÷ -7%

-0.98x

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

  • SpareBank 1 Nord-Norge earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SpareBank 1 Nord-Norge's assets?
Raw Data
OB:NONG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK135.46
OB:NONG Share Price * OB (2019-09-19) in NOK NOK68.8
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:NONG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 68.8 ÷ 135.46

0.51x

* Primary Listing of SpareBank 1 Nord-Norge.

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

  • SpareBank 1 Nord-Norge is overvalued based on assets compared to the NO Banks industry average.
X
Value checks
We assess SpareBank 1 Nord-Norge'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. SpareBank 1 Nord-Norge 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.

NONG Future Performance

 How is SpareBank 1 Nord-Norge expected to perform in the next 1 to 3 years based on estimates from 5 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
-7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SpareBank 1 Nord-Norge expected to grow at an attractive rate?
  • SpareBank 1 Nord-Norge's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.
Growth vs Market Checks
  • SpareBank 1 Nord-Norge's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.
  • SpareBank 1 Nord-Norge's revenues are expected to decrease over the next 1-3 years, this is below the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:NONG Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:NONG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -7%
OB:NONG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -3.9%
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:NONG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:NONG Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,857 1,676 4
2020-12-31 3,706 1,596 4
2019-12-31 4,177 2,175 4
2019-09-19
OB:NONG Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 4,111 -5,798 1,012
2019-03-31 3,972 -4,812 962
2018-12-31 3,394 -5,472 710
2018-09-30 3,417 -6,644 739
2018-06-30 3,315 -4,978 711
2018-03-31 3,170 -4,557 669
2017-12-31 3,130 -4,533 663
2017-09-30 2,967 -4,554 595
2017-06-30 2,949 -3,299 600
2017-03-31 2,926 -2,616 599
2016-12-31 2,864 -4,955 581
2016-09-30 2,710 -3,157 525

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SpareBank 1 Nord-Norge's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SpareBank 1 Nord-Norge's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:NONG 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 5 Analyst Estimates (S&P Global) See Below

All data from SpareBank 1 Nord-Norge Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NONG Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 7.74 8.37 6.90 5.00
2020-12-31 7.37 7.80 6.93 5.00
2019-12-31 10.04 10.51 9.50 5.00
2019-09-19
OB:NONG Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 10.09
2019-03-31 9.67
2018-12-31 7.07
2018-09-30 6.17
2018-06-30 7.07
2018-03-31 6.58
2017-12-31 6.60
2017-09-30 7.26
2017-06-30 5.95
2017-03-31 5.97
2016-12-31 5.79
2016-09-30 5.23

*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.
  • SpareBank 1 Nord-Norge is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SpareBank 1 Nord-Norge'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.
SpareBank 1 Nord-Norge has a total score of 0/6, 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.

NONG Past Performance

  How has SpareBank 1 Nord-Norge 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 SpareBank 1 Nord-Norge'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.
  • SpareBank 1 Nord-Norge's year on year earnings growth rate has been positive over the past 5 years.
  • SpareBank 1 Nord-Norge's 1-year earnings growth exceeds its 5-year average (42.3% vs 6.7%)
  • SpareBank 1 Nord-Norge's earnings growth has exceeded the NO Banks industry average in the past year (42.3% vs 13.3%).
Earnings and Revenue History
SpareBank 1 Nord-Norge'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 SpareBank 1 Nord-Norge Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:NONG 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 4,111.00 1,012.00 938.00
2019-03-31 3,972.00 962.00 909.00
2018-12-31 3,394.00 710.00 886.00
2018-09-30 3,417.00 739.00 909.00
2018-06-30 3,315.00 711.00 889.00
2018-03-31 3,170.00 669.00 850.00
2017-12-31 3,130.00 663.00 828.00
2017-09-30 2,967.00 595.00 805.00
2017-06-30 2,949.00 600.00 779.00
2017-03-31 2,926.00 599.00 771.00
2016-12-31 2,864.00 581.00 760.00
2016-09-30 2,710.00 525.00 867.00
2016-06-30 2,533.00 447.00 884.00
2016-03-31 2,455.00 407.00 897.00
2015-12-31 2,494.00 418.00 918.00
2015-09-30 2,358.00 -167.00 803.00
2015-06-30 2,485.00 54.00 807.00
2015-03-31 2,578.00 282.00 807.00
2014-12-31 2,673.00 545.00 779.00
2014-09-30 2,895.00 1,336.00 796.00
2014-06-30 2,843.00 1,317.00 751.00
2014-03-31 2,650.00 1,171.00 723.00
2013-12-31 2,390.00 966.00 707.00
2013-09-30 2,245.00 850.00 735.00
2013-06-30 2,029.00 699.00 717.00
2013-03-31 1,902.00 597.00 702.00
2012-12-31 1,887.00 595.00 683.00
2012-09-30 1,572.00 329.00 683.00

*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.
  • SpareBank 1 Nord-Norge has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SpareBank 1 Nord-Norge used its assets more efficiently than the NO Banks industry average last year based on Return on Assets.
  • Unable to establish if SpareBank 1 Nord-Norge 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 SpareBank 1 Nord-Norge'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.
SpareBank 1 Nord-Norge has a total score of 4/6, 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.

NONG Health

 How is SpareBank 1 Nord-Norge'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 SpareBank 1 Nord-Norge'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 SpareBank 1 Nord-Norge Company Filings, last reported 2 months ago.

OB:NONG Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 13,600.00 26,217.00 2,509.00
2019-03-31 13,046.00 26,362.00 3,718.00
2018-12-31 13,058.00 27,396.00 19,281.00
2018-09-30 12,755.00 26,890.00 2,915.00
2018-06-30 12,113.00 25,695.00 4,163.00
2018-03-31 11,678.00 25,431.00 3,758.00
2017-12-31 12,299.00 25,738.00 16,605.00
2017-09-30 11,622.00 22,909.00 3,482.00
2017-06-30 11,281.00 23,837.00 4,829.00
2017-03-31 10,576.00 25,132.00 4,312.00
2016-12-31 11,011.00 24,318.00 4,216.00
2016-09-30 10,711.00 22,056.00 3,942.00
2016-06-30 10,353.00 24,206.00 5,789.00
2016-03-31 10,078.00 25,725.00 4,184.00
2015-12-31 9,961.00 26,161.00 4,449.00
2015-09-30 9,714.00 24,283.00 4,380.00
2015-06-30 9,521.00 22,709.00 5,865.00
2015-03-31 9,227.00 23,127.00 3,997.00
2014-12-31 9,343.00 26,915.00 6,619.00
2014-09-30 9,336.00 20,768.00 5,052.00
2014-06-30 9,038.00 20,980.00 5,652.00
2014-03-31 8,737.00 20,135.00 2,802.00
2013-12-31 8,502.00 22,792.00 3,434.00
2013-09-30 7,473.00 17,499.00 2,943.00
2013-06-30 7,181.00 17,834.00 3,869.00
2013-03-31 7,006.00 19,123.00 3,456.00
2012-12-31 6,881.00 23,637.00 3,445.00
2012-09-30 6,687.00 19,390.00 3,518.00
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.
  • SpareBank 1 Nord-Norge has an acceptable proportion of non-loan assets held.
  • SpareBank 1 Nord-Norge's liabilities are made up of primarily low risk sources of funding.
  • Loans at SpareBank 1 Nord-Norge are broadly funded by customer deposits.
  • SpareBank 1 Nord-Norge's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • SpareBank 1 Nord-Norge has a sufficient allowance for bad loans.
  • SpareBank 1 Nord-Norge has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess SpareBank 1 Nord-Norge'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. SpareBank 1 Nord-Norge has a total score of 6/6, 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.

NONG Dividends

 What is SpareBank 1 Nord-Norge'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
5.81%
Current annual income from SpareBank 1 Nord-Norge dividends. Estimated to be 7.15% next year.
If you bought NOK2,000 of SpareBank 1 Nord-Norge shares you are expected to receive NOK116 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?
  • SpareBank 1 Nord-Norge's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.54%).
  • SpareBank 1 Nord-Norge'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:NONG 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 5 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:NONG Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.02 5.00
2020-12-31 4.49 5.00
2019-12-31 5.24 5.00
2019-09-19
OB:NONG Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-15 4.000 5.995
2018-02-09 4.000 6.268
2017-03-09 3.450 5.749
2016-02-12 2.000 4.615
2015-02-05 1.900 4.901
2014-04-04 1.100 2.993
2014-02-05 1.100 3.039
2013-02-07 1.150 3.270
2012-08-09 1.400 4.994
2012-03-27 1.400 5.100
2011-03-29 2.156 6.046
2010-04-20 2.531 6.009
2010-02-11 2.531 5.903
2009-05-06 1.125 3.332
2009-02-13 1.125 5.945

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 increased over the past 10 years.
Current Payout to shareholders
What portion of SpareBank 1 Nord-Norge's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess SpareBank 1 Nord-Norge'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 SpareBank 1 Nord-Norge afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SpareBank 1 Nord-Norge has a total score of 4/6, see the detailed checks below.


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

NONG Management

 What is the CEO of SpareBank 1 Nord-Norge'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
Petter Høiseth
COMPENSATION NOK2,394,000
TENURE AS CEO 0.5 years
CEO Bio

Mr. Petter Høiseth serves as Chief Executive Officer at SpareBank 1 Nord-Norge since March 15, 2019. He was Chief of Staff at SpareBank 1 Nord-Norge until March 15, 2019 and served as its Group Executive Vice President of Corporate Development since October 2018. He was Chief of Staff at SpareBank 1 Nord-Norge until October 2018. Mr. Høiseth served as COS and Senior Group General Manager at SpareBank 1 Nord-Norge. Mr. Høiseth served as the Head of Legal Department at SpareBank 1 Nord-Norge. He served as an Attorney at Advokatfirmaet BAHR. He served as Judge at Nord-Troms District Court. He served as an Assistant Professor of Faculty of Law in Tromsø. He served as an Associate Attorney at Advokatfirmaet Selmer. He serves as a Director of SpareBank 1 Nord-Norge Invest AS. He serves as a Member of Supervisory Board at BN Bank ASA. Mr. Høiseth studied Cand.jur from the Faculty of Law in Tromsø.

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

Average tenure of the SpareBank 1 Nord-Norge management team in years:

1.8
Average Tenure
  • The average tenure for the SpareBank 1 Nord-Norge management team is less than 2 years, this suggests a new team.
Management Team

Petter Høiseth

TITLE
Chief Executive Officer
COMPENSATION
NOK2M
TENURE
0.5 yrs

Bengt Olsen

TITLE
Chief Financial Officer
COMPENSATION
NOK221K
AGE
49
TENURE
0.4 yrs

Geir Andreassen

TITLE
Chief Technology Officer
COMPENSATION
NOK2M
TENURE
1.8 yrs

Liv Ulriksen

TITLE
Chief Risk Officer
COMPENSATION
NOK2M

Trude Glad

TITLE
Chief Regional Officer of Helgeland & Salten
COMPENSATION
NOK2M
TENURE
1.8 yrs

Christian Overvaag

TITLE
Chief Regional Officer of Troms
COMPENSATION
NOK2M
TENURE
1.8 yrs

Lasse Hagerupsen

TITLE
Chief Regional Officer of Hålogaland
COMPENSATION
NOK2M
TENURE
1.8 yrs

Trond Hanssen

TITLE
Chief Regional Officer of Finnmark
COMPENSATION
NOK2M

Ronni Pettersen

TITLE
Chief Commercial Officer
COMPENSATION
NOK2M

Tom-Robin Solstad-Nøis

TITLE
Director of SNN Markets
COMPENSATION
NOK2M
TENURE
6.7 yrs
Board of Directors

Karl Schjøtt-Pedersen

TITLE
Chairman of the Board
COMPENSATION
NOK486K
AGE
60

Hans-Tore Bjerkaas

TITLE
Deputy Chairman of the Board
COMPENSATION
NOK357K
AGE
68

Rita Myrvang

TITLE
GM & Supervisory Board Member
TENURE
7.5 yrs

Chris Martinsen

TITLE
Head of Department & Supervisory Board Member

Tor Oppheim

TITLE
Head of Department & Supervisory Board Member

Roar Dons

TITLE
Chairman of Supervisory Board
COMPENSATION
NOK40K

Charlotte Ringkjøb

TITLE
Supervisory Board Member
TENURE
6.7 yrs

Kari Olsen Lind

TITLE
Supervisory Board Vice Chairman

Vivi Ann Pedersen

TITLE
Employee Representative Director
COMPENSATION
NOK210K
AGE
66

Dag Lund

TITLE
Supervisory 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)
08. Mar 19 Sell Jan-Frode Janson Individual 08. Mar 19 08. Mar 19 -45,000 NOK67.57 NOK-3,040,578
26. Oct 18 Buy Lasse Hagerupsen Individual 26. Oct 18 26. Oct 18 3,000 NOK65.40 NOK196,200
X
Management checks
We assess SpareBank 1 Nord-Norge'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. SpareBank 1 Nord-Norge 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.

NONG News

Simply Wall St News

Why These Fundamentals Make SpareBank 1 Nord-Norge’s (OB:NONG) More Attractive

SpareBank 1 Nord-Norge’s (OB:NONG) profitability and risk are largely affected by the underlying economic growth for the region it operates in NO given it is a small-cap stock with a market capitalisation of øre6.15b. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like SpareBank 1 Nord-Norge to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place SpareBank 1 Nord-Norge in a safe position in the face of adverse headwinds.

Simply Wall St -

What You Should Know About SpareBank 1 Nord-Norge’s (OB:NONG) Risks

As a small-cap bank with a market capitalisation of øre6.15b, SpareBank 1 Nord-Norge’s (OB:NONG) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off SpareBank 1 Nord-Norge’s bottom line. … Today we will analyse SpareBank 1 Nord-Norge’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

What To Know Before Buying SpareBank 1 Nord-Norge (OB:NONG) For Its Dividend

Over the past 10 years SpareBank 1 Nord-Norge (OB:NONG) has returned an average of 6.00% per year from dividend payouts. … Let's dig deeper into whether SpareBank 1 Nord-Norge should have a place in your portfolio. … View our latest analysis for SpareBank 1 Nord-Norge

Simply Wall St -

Can SpareBank 1 Nord-Norge (OB:NONG) Continue To Outperform Its Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … SpareBank 1 Nord-Norge (OB:NONG) performed in-line with its regional banks industry on the basis of its ROE – producing a return of12.43% relative to the peer average of 9.57% over the past 12 months.

Simply Wall St -

Why SpareBank 1 Nord-Norge (OB:NONG) Could Be Your Next Investment

I've been keeping an eye on SpareBank 1 Nord-Norge (OB:NONG) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe NONG has a lot to offer. … company with a

Simply Wall St -

SpareBank 1 Nord-Norge (OB:NONG): Can Growth Justify Its June Share Price?

SpareBank 1 Nord-Norge (OB:NONG) is considered a high growth stock. … However its last closing price of NOK56.9 left investors wondering whether this growth has already been factored into the share price. … Analysts are predicting good growth prospects for SpareBank 1 Nord-Norge over the next couple of years

Simply Wall St -

Should You Be Tempted To Buy SpareBank 1 Nord-Norge (OB:NONG) Because Of Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between SpareBank 1 Nord-Norge (OB:NONG)’s fundamentals and stock market performance. … While NONG might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Interested In SpareBank 1 Nord-Norge (OB:NONG)? Here's What Its Recent Performance Looks Like

Examining how SpareBank 1 Nord-Norge (OB:NONG) is performing as a company requires looking at more than just a years' earnings. … Given that these values may be somewhat myopic, I’ve calculated an annualized five-year value for SpareBank 1 Nord-Norge's net income, which stands at ØRE609.29M This means on average, SpareBank 1 Nord-Norge has been able to consistently raise its net income over the past few years as well. … In the past few years, SpareBank 1 Nord-Norge top-line expansion has outstripped earnings and the growth rate of expenses.

Simply Wall St -

What You Should Know About SpareBank 1 Nord-Norge’s (OB:NONG) Risks

Today we will analyse SpareBank 1 Nord-Norge’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … If it writes off more than 100% of the bad debt it provisioned for, then it has inadequately estimated the factors that may have added to a higher bad loan level which begs the question – does SpareBank 1 Nord-Norge understand its own risk? … Since SpareBank 1 Nord-Norge’s total deposit to total liabilities is within the sensible margin at 68.15% compared to other banks' level of 50%, it shows a prudent level of the bank's safer form of borrowing and an appropriate level of risk.Next Steps: SpareBank 1 Nord-Norge has maintained a safe level of deposits against its liabilities.

Simply Wall St -

Can SpareBank 1 Nord-Norge (OB:NONG) Continue To Outperform Its Industry?

Check out our latest analysis for SpareBank 1 Nord-Norge Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of SpareBank 1 Nord-Norge’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of SpareBank 1 Nord-Norge’s equity capital deployed. … The most recent ratio is 209.27%, which is relatively high, indicating SpareBank 1 Nord-Norge’s above-average ROE is generated by its high leverage and its ability to grow profit hinges on a sizeable debt burden.

Simply Wall St -

NONG Company Info

Description

SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The company offers various savings, lending, and insurance products, as well as payment services. Its activities also include hedging instruments and trading in interest rate and currency instruments; hedging instruments in the commodity derivatives market; sale of Norwegian bonds and certificates, as well as bond market issues; purchase and sale of equities and fund units; and provision of corporate finance, as well as trading and investment advice services. In addition, the company is involved in leasing, consumer financing, real estate brokerage, and accounting operations. It operates through a network of 38 offices across 36 municipalities in Nordland, Troms, Finnmark, and Svalbard. The company was founded in 1836 and is headquartered in Tromsø, Norway.

Details
Name: SpareBank 1 Nord-Norge
NONG
Exchange: OB
Founded: 1836
NOK6,907,383,500
100,398,016
Website: http://www.sparebank1.no/nb/nord-norge
Address: SpareBank 1 Nord-Norge
Sjøgata 8,
Tromsø,
Troms, 9008,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NONG Primary Capital Certificates Oslo Bors NO NOK 10. May 1994
DB 93S Primary Capital Certificates Deutsche Boerse AG DE EUR 10. May 1994
LSE 0J1N Primary Capital Certificates London Stock Exchange GB NOK 10. May 1994
BATS-CHIXE NONGO Primary Capital Certificates BATS 'Chi-X Europe' GB NOK 10. May 1994
Number of employees
Current staff
Staff numbers
885
SpareBank 1 Nord-Norge employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:37
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/08/08
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.