FOBANK
Føroya Banki, together with its subsidiaries, provides personal and corporate banking services in the Faroe Islands and Greenland. It operates in Banking and Non-Life Insurance segments. The company provides non-life insurance products, such as property and casualty insurance; life, disability, and critical illness insurance; and real estate agency services. The company was formerly known as P/F … Read more
FOBANK (FOBANK) - Net Assets
Latest net assets as of June 2025: Dkr1.88 Billion DKK
Based on the latest financial reports, FOBANK (FOBANK) has net assets worth Dkr1.88 Billion DKK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr14.64 Billion) and total liabilities (Dkr12.76 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 | Dkr1.88 Billion |
| % of Total Assets | 12.85% |
| Annual Growth Rate | -6.83% |
| 5-Year Change | -14.28% |
| 10-Year Change | 17.53% |
| Growth Volatility | 21.16 |
FOBANK - Net Assets Trend (2004–2024)
This chart illustrates how FOBANK's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FOBANK (2004–2024)
The table below shows the annual net assets of FOBANK from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr2.08 Billion | +12.18% |
| 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 FOBANK'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 80.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr1.53 Billion | 73.57% |
| Other Components | Dkr548.72 Million | 26.43% |
| Total Equity | Dkr2.08 Billion | 100.00% |
FOBANK Competitors by Market Cap
The table below lists competitors of FOBANK ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SWE ORPHAN BIOVITRU
MU:B6E
|
$358.38K |
|
WDCX
BATS:WDCX
|
$358.74K |
|
AMPD Ventures Inc
PINK:AMPDF
|
$358.85K |
|
CHINA YUCHAI INTL (CYD.SG)
STU:CYD
|
$359.06K |
|
RheinLand Holding AG
DU:RLV
|
$357.90K |
|
Groove Botanicals Inc
PINK:GRVE
|
$357.83K |
|
Direct Digital Holdings Inc
NASDAQ:DRCT
|
$357.19K |
|
Dellia Grp ASA
OL:DELIA
|
$356.75K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FOBANK's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,850,609,000 to 2,076,037,000, a change of 225,428,000 (12.2%).
- Net income of 310,427,000 contributed positively to equity growth.
- Dividend payments of 80,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 7,948,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr310.43 Million | +14.95% |
| Dividends Paid | Dkr80.00 Million | -3.85% |
| Other Comprehensive Income | Dkr-7.95 Million | -0.38% |
| Other Changes | Dkr2.95 Million | +0.14% |
| Total Change | Dkr- | 12.18% |
Book Value vs Market Value Analysis
This analysis compares FOBANK'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: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.31x to 1.23x 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 | Dkr266.00 | x |
| 2005-12-31 | Dkr684.68 | Dkr266.00 | x |
| 2006-12-31 | Dkr124.55 | Dkr266.00 | x |
| 2007-12-31 | Dkr134.45 | Dkr266.00 | x |
| 2008-12-31 | Dkr157.61 | Dkr266.00 | x |
| 2009-12-31 | Dkr171.77 | Dkr266.00 | x |
| 2010-12-31 | Dkr205.71 | Dkr266.00 | x |
| 2011-12-31 | Dkr197.55 | Dkr266.00 | x |
| 2012-12-31 | Dkr208.19 | Dkr266.00 | x |
| 2013-12-31 | Dkr218.59 | Dkr266.00 | x |
| 2014-12-31 | Dkr202.70 | Dkr266.00 | x |
| 2015-12-31 | Dkr179.09 | Dkr266.00 | x |
| 2016-12-31 | Dkr195.93 | Dkr266.00 | x |
| 2017-12-31 | Dkr187.23 | Dkr266.00 | x |
| 2018-12-31 | Dkr205.54 | Dkr266.00 | x |
| 2019-12-31 | Dkr238.55 | Dkr266.00 | x |
| 2020-12-31 | Dkr253.71 | Dkr266.00 | x |
| 2021-12-31 | Dkr228.50 | Dkr266.00 | x |
| 2022-12-31 | Dkr205.56 | Dkr266.00 | x |
| 2023-12-31 | Dkr193.30 | Dkr266.00 | x |
| 2024-12-31 | Dkr216.84 | Dkr266.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FOBANK 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): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.87%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 6.99x
- Recent ROE (14.95%) is above the historical average (7.87%), 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 |
| 2024 | 14.95% | 48.87% | 0.04x | 6.99x | Dkr102.82 Million |
Industry Comparison
This section compares FOBANK's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $638,415,889
- Average return on equity (ROE) among peers: 4.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FOBANK (FOBANK) | Dkr1.88 Billion | 6.23% | 6.78x | $358.19K |
| P/F BankNordik (BNORDIK-CSE) | $1.77 Billion | -12.51% | 8.20x | $69.40 Million |
| Djurslands Bank (DJUR) | $680.71 Million | 5.40% | 8.62x | $347.29 Million |
| Fynske Bank A/S (FYNBK) | $338.39 Million | 0.00% | 4.67x | $49.79 Million |
| Groenlandsbanken AS (GRLA) | $648.72 Million | 10.37% | 4.62x | $191.62 Million |
| Hvidbjerg Bank (HVID) | $38.77 Million | 12.22% | 8.11x | $41.17 Million |
| Kreditbanken A/S (KRE) | $350.31 Million | 14.22% | 5.39x | $143.90 Million |
| Laan & Spar Bank AS (LASP) | $929.87 Million | 7.71% | 12.50x | $464.28 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 | $84.72 Million |