Groenlandsbanken AS
GrønlandsBANKEN A/S provides various financial services to private and business customers, and public institutions in Greenland. It offers housing services, including buying a home, loan restructuring, purchase of cooperative apartment, renovation, property sale, construction or renovation, and equity services; car, snowmobile, Minguik environmental, personal, boat, and quick loans; Qimatut and l… Read more
Groenlandsbanken AS (GRLA) - Net Assets
Latest net assets as of June 2025: Dkr1.52 Billion DKK
Based on the latest financial reports, Groenlandsbanken AS (GRLA) has net assets worth Dkr1.52 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 (Dkr10.04 Billion) and total liabilities (Dkr8.52 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 | Dkr1.52 Billion |
| % of Total Assets | 15.18% |
| Annual Growth Rate | 4.76% |
| 5-Year Change | 35.41% |
| 10-Year Change | 74.3% |
| Growth Volatility | 4.71 |
Groenlandsbanken AS - Net Assets Trend (2000–2024)
This chart illustrates how Groenlandsbanken AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Groenlandsbanken AS (2000–2024)
The table below shows the annual net assets of Groenlandsbanken AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr1.59 Billion | +7.74% |
| 2023-12-31 | Dkr1.48 Billion | +12.17% |
| 2022-12-31 | Dkr1.32 Billion | +4.00% |
| 2021-12-31 | Dkr1.27 Billion | +7.73% |
| 2020-12-31 | Dkr1.18 Billion | +9.21% |
| 2019-12-31 | Dkr1.08 Billion | +7.86% |
| 2018-12-31 | Dkr999.16 Million | +4.25% |
| 2017-12-31 | Dkr958.46 Million | +3.48% |
| 2016-12-31 | Dkr926.21 Million | +1.30% |
| 2015-12-31 | Dkr914.28 Million | +0.48% |
| 2014-12-31 | Dkr909.87 Million | +3.84% |
| 2013-12-31 | Dkr876.24 Million | +2.97% |
| 2012-12-31 | Dkr850.95 Million | +7.46% |
| 2011-12-31 | Dkr791.91 Million | +4.42% |
| 2010-12-31 | Dkr758.38 Million | +9.23% |
| 2009-12-31 | Dkr694.28 Million | +10.87% |
| 2008-12-31 | Dkr626.22 Million | -3.58% |
| 2007-12-31 | Dkr649.46 Million | +0.12% |
| 2006-12-31 | Dkr648.72 Million | +3.51% |
| 2005-12-31 | Dkr626.71 Million | +17.52% |
| 2004-12-31 | Dkr533.30 Million | +0.20% |
| 2003-12-31 | Dkr532.24 Million | +0.27% |
| 2002-12-31 | Dkr530.80 Million | +2.09% |
| 2001-12-31 | Dkr519.95 Million | -0.33% |
| 2000-12-31 | Dkr521.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Groenlandsbanken AS'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 grown by 252.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr1.16 Billion | 72.99% |
| Common Stock | Dkr180.00 Million | 11.30% |
| Other Components | Dkr250.45 Million | 15.72% |
| Total Equity | Dkr1.59 Billion | 100.00% |
Groenlandsbanken AS Competitors by Market Cap
The table below lists competitors of Groenlandsbanken AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Busen Garments Co Ltd
SHE:002569
|
$191.63 Million |
|
Ventive Hospitality Ltd
NSE:VENTIVE
|
$191.64 Million |
|
enGene Holdings Inc. Common Stock
NASDAQ:ENGN
|
$191.67 Million |
|
MCBC Holdings Inc
NASDAQ:MCFT
|
$191.75 Million |
|
Microvision Inc
NASDAQ:MVIS
|
$191.60 Million |
|
Guangzhou Pearl River Piano Group Co Ltd
SHE:002678
|
$191.51 Million |
|
Guangdong Tianan New Material
SHG:603725
|
$191.50 Million |
|
MBM Resources Bhd
KLSE:5983
|
$191.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Groenlandsbanken AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,479,123,000 to 1,593,622,000, a change of 114,499,000 (7.7%).
- Net income of 209,010,000 contributed positively to equity growth.
- Dividend payments of 99,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 164,882,999.
- Other factors increased equity by 169,371,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr209.01 Million | +13.12% |
| Dividends Paid | Dkr99.00 Million | -6.21% |
| Other Comprehensive Income | Dkr-164.88 Million | -10.35% |
| Other Changes | Dkr169.37 Million | +10.63% |
| Total Change | Dkr- | 7.74% |
Book Value vs Market Value Analysis
This analysis compares Groenlandsbanken AS'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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.29x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Dkr294.89 | Dkr970.00 | x |
| 2003-12-31 | Dkr295.69 | Dkr970.00 | x |
| 2004-12-31 | Dkr296.28 | Dkr970.00 | x |
| 2005-12-31 | Dkr348.17 | Dkr970.00 | x |
| 2006-12-31 | Dkr360.40 | Dkr970.00 | x |
| 2007-12-31 | Dkr360.81 | Dkr970.00 | x |
| 2008-12-31 | Dkr348.18 | Dkr970.00 | x |
| 2009-12-31 | Dkr386.28 | Dkr970.00 | x |
| 2010-12-31 | Dkr424.55 | Dkr970.00 | x |
| 2011-12-31 | Dkr440.96 | Dkr970.00 | x |
| 2012-12-31 | Dkr472.20 | Dkr970.00 | x |
| 2013-12-31 | Dkr486.74 | Dkr970.00 | x |
| 2014-12-31 | Dkr505.39 | Dkr970.00 | x |
| 2015-12-31 | Dkr507.89 | Dkr970.00 | x |
| 2016-12-31 | Dkr514.62 | Dkr970.00 | x |
| 2017-12-31 | Dkr533.01 | Dkr970.00 | x |
| 2018-12-31 | Dkr554.93 | Dkr970.00 | x |
| 2019-12-31 | Dkr598.71 | Dkr970.00 | x |
| 2020-12-31 | Dkr653.84 | Dkr970.00 | x |
| 2021-12-31 | Dkr704.40 | Dkr970.00 | x |
| 2022-12-31 | Dkr732.55 | Dkr970.00 | x |
| 2023-12-31 | Dkr821.74 | Dkr970.00 | x |
| 2024-12-31 | Dkr885.22 | Dkr970.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Groenlandsbanken AS 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): 13.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.65%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.29x
- Recent ROE (13.12%) is above the historical average (10.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.23% | 27.33% | 0.07x | 6.29x | Dkr11.61 Million |
| 2002 | 13.91% | 32.89% | 0.06x | 6.76x | Dkr20.77 Million |
| 2003 | 12.11% | 31.55% | 0.07x | 5.50x | Dkr11.22 Million |
| 2004 | 7.63% | 22.08% | 0.06x | 5.84x | Dkr-12.65 Million |
| 2005 | 8.98% | 25.64% | 0.06x | 5.52x | Dkr-6.41 Million |
| 2006 | 10.37% | 27.05% | 0.07x | 5.62x | Dkr2.40 Million |
| 2007 | 12.01% | 25.79% | 0.07x | 6.47x | Dkr13.04 Million |
| 2008 | 7.78% | 14.16% | 0.08x | 6.56x | Dkr-13.92 Million |
| 2009 | 9.87% | 22.79% | 0.07x | 5.97x | Dkr-875.40K |
| 2010 | 8.80% | 25.34% | 0.06x | 5.98x | Dkr-9.09 Million |
| 2011 | 6.77% | 20.45% | 0.05x | 6.08x | Dkr-25.59 Million |
| 2012 | 10.86% | 29.43% | 0.07x | 5.67x | Dkr7.35 Million |
| 2013 | 9.62% | 28.31% | 0.06x | 5.77x | Dkr-3.37 Million |
| 2014 | 9.85% | 28.00% | 0.07x | 5.33x | Dkr-1.33 Million |
| 2015 | 7.95% | 25.61% | 0.05x | 6.39x | Dkr-18.70 Million |
| 2016 | 8.36% | 27.50% | 0.05x | 6.38x | Dkr-15.23 Million |
| 2017 | 9.44% | 29.97% | 0.06x | 5.59x | Dkr-5.40 Million |
| 2018 | 11.30% | 36.14% | 0.05x | 6.17x | Dkr12.98 Million |
| 2019 | 12.06% | 39.31% | 0.05x | 6.58x | Dkr22.15 Million |
| 2020 | 8.18% | 30.81% | 0.04x | 6.32x | Dkr-21.46 Million |
| 2021 | 10.48% | 39.89% | 0.05x | 5.70x | Dkr6.04 Million |
| 2022 | 7.49% | 32.83% | 0.04x | 6.03x | Dkr-33.11 Million |
| 2023 | 13.01% | 33.85% | 0.06x | 5.98x | Dkr44.48 Million |
| 2024 | 13.12% | 33.65% | 0.06x | 6.29x | Dkr49.65 Million |
Industry Comparison
This section compares Groenlandsbanken AS's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $739,897,000
- Average return on equity (ROE) among peers: 5.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Groenlandsbanken AS (GRLA) | Dkr1.52 Billion | 12.23% | 5.59x | $191.62 Million |
| 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 |
| FOBANK (FOBANK) | $1.56 Billion | 10.93% | 5.47x | $358.19K |
| Fynske Bank A/S (FYNBK) | $338.39 Million | 0.00% | 4.67x | $49.79 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 |