P/F BankNordik
Føroya Banki, together with its subsidiaries, provides personal and corporate banking services in the Faroe Islands, Denmark, and Greenland. The company operates in two segments, Banking and Non-Life Insurance. It provides a range of property and casualty insurance products under the TRYGD brand; life insurance products under the NordikLív brand; and real estate agency services under the Skyn bra… Read more
P/F BankNordik (BNORDIK-CSE) - Net Assets
Latest net assets as of June 2024: Dkr1.91 Billion DKK
Based on the latest financial reports, P/F BankNordik (BNORDIK-CSE) has net assets worth Dkr1.91 Billion DKK as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr13.49 Billion) and total liabilities (Dkr11.58 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr1.91 Billion |
| % of Total Assets | 14.15% |
| Annual Growth Rate | -7.74% |
| 5-Year Change | -18.23% |
| 10-Year Change | -7.43% |
| Growth Volatility | 21.45 |
P/F BankNordik - Net Assets Trend (2004–2023)
This chart illustrates how P/F BankNordik's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for P/F BankNordik (2004–2023)
The table below shows the annual net assets of P/F BankNordik from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Dkr1.85 Billion | -5.96% |
| 2022-12-31 | Dkr1.97 Billion | -10.01% |
| 2021-12-31 | Dkr2.19 Billion | -9.70% |
| 2020-12-31 | Dkr2.42 Billion | +7.02% |
| 2019-12-31 | Dkr2.26 Billion | +13.91% |
| 2018-12-31 | Dkr1.99 Billion | +9.16% |
| 2017-12-31 | Dkr1.82 Billion | -5.30% |
| 2016-12-31 | Dkr1.92 Billion | +8.81% |
| 2015-12-31 | Dkr1.77 Billion | -11.65% |
| 2014-12-31 | Dkr2.00 Billion | -7.27% |
| 2013-12-31 | Dkr2.16 Billion | +5.00% |
| 2012-12-31 | Dkr2.05 Billion | +4.89% |
| 2011-12-31 | Dkr1.96 Billion | -4.16% |
| 2010-12-31 | Dkr2.04 Billion | +22.82% |
| 2009-12-31 | Dkr1.66 Billion | +6.47% |
| 2008-12-31 | Dkr1.56 Billion | +16.18% |
| 2007-12-31 | Dkr1.34 Billion | +7.95% |
| 2006-12-31 | Dkr1.25 Billion | -81.81% |
| 2005-12-31 | Dkr6.85 Billion | -19.88% |
| 2004-12-31 | Dkr8.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to P/F BankNordik's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 78.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr1.65 Billion | 89.20% |
| Common Stock | Dkr192.00 Million | 10.37% |
| Other Comprehensive Income | Dkr7.95 Million | 0.43% |
| Total Equity | Dkr1.85 Billion | 100.00% |
P/F BankNordik Competitors by Market Cap
The table below lists competitors of P/F BankNordik ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Quantum Corporation
NASDAQ:QMCO
|
$69.40 Million |
|
BTCS Inc
NASDAQ:BTCS
|
$69.44 Million |
|
Tri City Bankshares Corp
PINK:TRCY
|
$69.47 Million |
|
Ace Technologies Corp
KQ:088800
|
$69.47 Million |
|
SA Catana Group
PA:CATG
|
$69.35 Million |
|
Pacific Edge Limited
PINK:PFGTF
|
$69.34 Million |
|
BusinessOn Communication Co. Ltd
KQ:138580
|
$69.33 Million |
|
Argonaut Exploration Inc.
V:AGA
|
$69.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in P/F BankNordik's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,967,991,000 to 1,850,609,000, a change of -117,382,000 (-6.0%).
- Net income of 307,533,000 contributed positively to equity growth.
- Dividend payments of 249,281,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,444,000.
- Other factors decreased equity by 169,190,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr307.53 Million | +16.62% |
| Dividends Paid | Dkr249.28 Million | -13.47% |
| Other Comprehensive Income | Dkr-6.44 Million | -0.35% |
| Other Changes | Dkr-169.19 Million | -9.14% |
| Total Change | Dkr- | -5.96% |
Book Value vs Market Value Analysis
This analysis compares P/F BankNordik's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.85x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.19x to 0.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Dkr854.56 | Dkr164.00 | x |
| 2005-12-31 | Dkr684.68 | Dkr164.00 | x |
| 2006-12-31 | Dkr124.55 | Dkr164.00 | x |
| 2007-12-31 | Dkr134.45 | Dkr164.00 | x |
| 2008-12-31 | Dkr157.61 | Dkr164.00 | x |
| 2009-12-31 | Dkr171.77 | Dkr164.00 | x |
| 2010-12-31 | Dkr205.71 | Dkr164.00 | x |
| 2011-12-31 | Dkr197.55 | Dkr164.00 | x |
| 2012-12-31 | Dkr208.19 | Dkr164.00 | x |
| 2013-12-31 | Dkr218.59 | Dkr164.00 | x |
| 2014-12-31 | Dkr202.70 | Dkr164.00 | x |
| 2015-12-31 | Dkr179.09 | Dkr164.00 | x |
| 2016-12-31 | Dkr195.93 | Dkr164.00 | x |
| 2017-12-31 | Dkr187.23 | Dkr164.00 | x |
| 2018-12-31 | Dkr205.54 | Dkr164.00 | x |
| 2019-12-31 | Dkr238.55 | Dkr164.00 | x |
| 2020-12-31 | Dkr253.71 | Dkr164.00 | x |
| 2021-12-31 | Dkr228.50 | Dkr164.00 | x |
| 2022-12-31 | Dkr205.56 | Dkr164.00 | x |
| 2023-12-31 | Dkr193.30 | Dkr164.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently P/F BankNordik utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.69%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.00x
- Recent ROE (16.62%) is above the historical average (7.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 6.23% | 37.94% | 0.05x | 3.59x | Dkr-321.75 Million |
| 2005 | 11.87% | 50.06% | 0.04x | 5.87x | Dkr127.95 Million |
| 2006 | 12.80% | 58.40% | 0.04x | 5.79x | Dkr34.86 Million |
| 2007 | 10.71% | 42.27% | 0.04x | 7.16x | Dkr9.55 Million |
| 2008 | 10.93% | 34.32% | 0.05x | 6.47x | Dkr14.59 Million |
| 2009 | 6.68% | 20.14% | 0.05x | 6.17x | Dkr-55.27 Million |
| 2010 | 16.71% | 27.13% | 0.09x | 7.13x | Dkr134.17 Million |
| 2011 | 1.62% | 3.22% | 0.06x | 8.73x | Dkr-164.10 Million |
| 2012 | 5.02% | 9.24% | 0.06x | 8.58x | Dkr-102.26 Million |
| 2013 | 4.29% | 8.36% | 0.06x | 7.92x | Dkr-123.20 Million |
| 2014 | -6.37% | -12.09% | 0.06x | 8.27x | Dkr-327.33 Million |
| 2015 | -12.51% | -29.22% | 0.05x | 9.20x | Dkr-397.64 Million |
| 2016 | 11.54% | 30.82% | 0.05x | 8.09x | Dkr29.67 Million |
| 2017 | 10.39% | 26.30% | 0.05x | 8.67x | Dkr7.07 Million |
| 2018 | 13.19% | 37.29% | 0.04x | 8.41x | Dkr63.42 Million |
| 2019 | 9.13% | 28.89% | 0.04x | 8.03x | Dkr-19.68 Million |
| 2020 | 4.26% | 22.03% | 0.03x | 7.14x | Dkr-139.04 Million |
| 2021 | 8.84% | 38.06% | 0.04x | 5.39x | Dkr-25.34 Million |
| 2022 | 8.35% | 32.64% | 0.04x | 6.19x | Dkr-32.39 Million |
| 2023 | 16.62% | 34.69% | 0.07x | 7.00x | Dkr122.47 Million |
Industry Comparison
This section compares P/F BankNordik's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $615,716,889
- Average return on equity (ROE) among peers: 7.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| P/F BankNordik (BNORDIK-CSE) | Dkr1.91 Billion | 6.23% | 6.07x | $69.40 Million |
| Djurslands Bank (DJUR) | $680.71 Million | 5.40% | 8.62x | $335.71 Million |
| FOBANK (FOBANK) | $1.56 Billion | 10.93% | 5.47x | $347.47K |
| Fynske Bank A/S (FYNBK) | $338.39 Million | 0.00% | 4.67x | $50.30 Million |
| Groenlandsbanken AS (GRLA) | $648.72 Million | 10.37% | 4.62x | $192.61 Million |
| Hvidbjerg Bank (HVID) | $38.77 Million | 12.22% | 8.11x | $41.38 Million |
| Kreditbanken A/S (KRE) | $350.31 Million | 14.22% | 5.39x | $145.63 Million |
| Laan & Spar Bank AS (LASP) | $929.87 Million | 7.71% | 12.50x | $449.18 Million |
| Lollands Bank (LOLB) | $334.86 Million | -5.87% | 7.04x | $85.53 Million |
| Moens Bank A/S (MNBA) | $657.78 Million | 13.39% | 5.99x | $83.85 Million |