Spar Nord Bank

CO:SPNO Denmark Banks - Regional
Market Cap
$3.31 Billion
Dkr24.06 Billion DKK
Market Cap Rank
#3720 Global
#9 in Denmark
Share Price
Dkr209.60
Change (1 day)
-0.10%
52-Week Range
Dkr208.40 - Dkr211.50
All Time High
Dkr211.50
Categories
Companies in Denmark Banks - Regional Banking & Financial
About

Spar Nord Bank A/S provides various banking products and services to retail and business customers in Denmark. The company offers deposits, loans, advances, mortgage loans, life annuities, and guarantee services, as well as custodianship accounts. It also provides trading services in the markets, shares and corporate bonds, interest and forex, asset management, and capital markets development. Ad… Read more

Spar Nord Bank (SPNO) - Net Assets

Latest net assets as of March 2025: Dkr15.19 Billion DKK

Based on the latest financial reports, Spar Nord Bank (SPNO) has net assets worth Dkr15.19 Billion DKK as of March 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr143.85 Billion) and total liabilities (Dkr128.66 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 Dkr15.19 Billion
% of Total Assets 10.56%
Annual Growth Rate 9.32%
5-Year Change 40.79%
10-Year Change 85.47%
Growth Volatility 8.68

Spar Nord Bank - Net Assets Trend (2000–2024)

This chart illustrates how Spar Nord Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Spar Nord Bank (2000–2024)

The table below shows the annual net assets of Spar Nord Bank from 2000 to 2024.

Year Net Assets Change
2024-12-31 Dkr14.63 Billion +4.64%
2023-12-31 Dkr13.98 Billion +12.11%
2022-12-31 Dkr12.47 Billion +4.57%
2021-12-31 Dkr11.92 Billion +14.76%
2020-12-31 Dkr10.39 Billion +6.44%
2019-12-31 Dkr9.76 Billion +5.63%
2018-12-31 Dkr9.24 Billion +2.96%
2017-12-31 Dkr8.97 Billion +4.03%
2016-12-31 Dkr8.63 Billion +9.38%
2015-12-31 Dkr7.89 Billion +12.14%
2014-12-31 Dkr7.03 Billion +7.66%
2013-12-31 Dkr6.53 Billion +9.33%
2012-12-31 Dkr5.98 Billion +29.13%
2011-12-31 Dkr4.63 Billion +5.78%
2010-12-31 Dkr4.37 Billion +5.59%
2009-12-31 Dkr4.14 Billion +2.94%
2008-12-31 Dkr4.02 Billion -2.75%
2007-12-31 Dkr4.14 Billion +13.42%
2006-12-31 Dkr3.65 Billion +20.06%
2005-12-31 Dkr3.04 Billion +36.41%
2004-12-31 Dkr2.23 Billion +7.76%
2003-12-31 Dkr2.07 Billion +6.86%
2002-12-31 Dkr1.93 Billion +14.29%
2001-12-31 Dkr1.69 Billion -1.73%
2000-12-31 Dkr1.72 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Spar Nord Bank'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 1390.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings Dkr11.72 Billion 80.11%
Other Components Dkr2.91 Billion 19.89%
Total Equity Dkr14.63 Billion 100.00%

Spar Nord Bank Competitors by Market Cap

The table below lists competitors of Spar Nord Bank ranked by their market capitalization.

Company Market Cap
SK Innovation Co Ltd Pref
KO:096775
 		$3.30 Billion
First Capital Securities Co Ltd Class A
SHE:002797
 		$3.31 Billion
BILL Holdings, Inc.
LSE:0A75
 		$3.31 Billion
Liberty Global PLC
NASDAQ:LBTYA
 		$3.31 Billion
Changjiang Securities Co Ltd
SHE:000783
 		$3.30 Billion
Mapletree Logistics Trust
PINK:MAPGF
 		$3.29 Billion
GlobalWafers Co Ltd
TWO:6488
 		$3.29 Billion
Kintetsu Group Holdings Co.Ltd
F:KKI
 		$3.29 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Spar Nord Bank's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 13,979,000,000 to 14,628,000,000, a change of 649,000,000 (4.6%).
  • Net income of 2,222,000,000 contributed positively to equity growth.
  • Dividend payments of 1,171,000,000 reduced retained earnings.
  • Share repurchases of 1,295,000,000 reduced equity.
  • New share issuances of 889,000,000 increased equity.
  • Other comprehensive income decreased equity by 1,321,000,000.
  • Other factors increased equity by 1,325,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Dkr2.22 Billion +15.19%
Dividends Paid Dkr1.17 Billion -8.01%
Share Repurchases Dkr1.29 Billion -8.85%
Share Issuances Dkr889.00 Million +6.08%
Other Comprehensive Income Dkr-1.32 Billion -9.03%
Other Changes Dkr1.32 Billion +9.06%
Total Change Dkr- 4.64%

Book Value vs Market Value Analysis

This analysis compares Spar Nord Bank'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: 1.64x
  • 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 0.01x to 1.64x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 Dkr25786.64 Dkr209.60 x
2003-12-31 Dkr27.77 Dkr209.60 x
2004-12-31 Dkr29.89 Dkr209.60 x
2005-12-31 Dkr4.04 Dkr209.60 x
2006-12-31 Dkr45.13 Dkr209.60 x
2007-12-31 Dkr51.36 Dkr209.60 x
2008-12-31 Dkr51.71 Dkr209.60 x
2009-12-31 Dkr53.30 Dkr209.60 x
2010-12-31 Dkr55.26 Dkr209.60 x
2011-12-31 Dkr81.47 Dkr209.60 x
2012-12-31 Dkr51.00 Dkr209.60 x
2013-12-31 Dkr52.30 Dkr209.60 x
2014-12-31 Dkr56.11 Dkr209.60 x
2015-12-31 Dkr62.91 Dkr209.60 x
2016-12-31 Dkr69.48 Dkr209.60 x
2017-12-31 Dkr73.00 Dkr209.60 x
2018-12-31 Dkr75.15 Dkr209.60 x
2019-12-31 Dkr79.39 Dkr209.60 x
2020-12-31 Dkr84.52 Dkr209.60 x
2021-12-31 Dkr96.99 Dkr209.60 x
2022-12-31 Dkr102.35 Dkr209.60 x
2023-12-31 Dkr117.28 Dkr209.60 x
2024-12-31 Dkr127.88 Dkr209.60 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Spar Nord Bank 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): 15.19%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 40.31%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 9.83x
  • Recent ROE (15.19%) is above the historical average (11.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 15.15% 10.65% 0.09x 16.61x Dkr88.39 Million
2002 8.87% 20.18% 0.03x 16.52x Dkr-21.87 Million
2003 18.84% 42.31% 0.03x 15.67x Dkr182.81 Million
2004 21.68% 39.32% 0.03x 16.46x Dkr260.21 Million
2005 15.77% 30.96% 0.03x 15.12x Dkr175.43 Million
2006 22.71% 46.46% 0.03x 16.05x Dkr463.69 Million
2007 23.82% 57.16% 0.03x 15.32x Dkr571.98 Million
2008 2.37% 5.35% 0.03x 17.21x Dkr-307.15 Million
2009 2.84% 4.51% 0.04x 15.58x Dkr-296.77 Million
2010 2.40% 4.21% 0.04x 15.42x Dkr-332.44 Million
2011 5.94% 12.99% 0.03x 15.15x Dkr-187.93 Million
2012 3.75% 9.37% 0.03x 13.25x Dkr-373.73 Million
2013 8.21% 17.70% 0.04x 11.42x Dkr-117.17 Million
2014 8.72% 19.03% 0.04x 11.21x Dkr-89.70 Million
2015 11.37% 26.66% 0.04x 9.68x Dkr108.10 Million
2016 9.72% 26.28% 0.04x 9.10x Dkr-24.51 Million
2017 11.02% 31.44% 0.04x 8.95x Dkr91.50 Million
2018 9.96% 30.71% 0.04x 8.96x Dkr-4.10 Million
2019 10.85% 32.80% 0.03x 9.54x Dkr82.90 Million
2020 7.09% 13.68% 0.05x 9.82x Dkr-302.00 Million
2021 11.47% 36.71% 0.03x 9.77x Dkr175.60 Million
2022 11.36% 34.82% 0.03x 9.94x Dkr170.10 Million
2023 17.32% 42.54% 0.04x 9.65x Dkr1.02 Billion
2024 15.19% 40.31% 0.04x 9.83x Dkr759.20 Million

Industry Comparison

This section compares Spar Nord Bank's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

  • Industry: Banks - Regional
  • Average net assets among peers: $730,778,800
  • Average return on equity (ROE) among peers: 5.59%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Spar Nord Bank (SPNO) Dkr15.19 Billion 15.15% 8.47x $3.30 Billion
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
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