Aasen Sparebank
Aasen Sparebank provides various banking products and services in Norway. The company savings account, savings account for children and home purchase, pension, long-term savings, and stocks. It also provides lease financing; and mortgage, car, green, and small loans. In addition, the company offers health, group life, travel, and occupational injury insurance; and bank card, credit card, online b… Read more
Aasen Sparebank (AASB) - Net Assets
Latest net assets as of September 2025: Nkr868.02 Million NOK
Based on the latest financial reports, Aasen Sparebank (AASB) has net assets worth Nkr868.02 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr7.08 Billion) and total liabilities (Nkr6.22 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 | Nkr868.02 Million |
| % of Total Assets | 12.25% |
| Annual Growth Rate | 13.31% |
| 5-Year Change | 55.01% |
| 10-Year Change | N/A |
| Growth Volatility | 6.84 |
Aasen Sparebank - Net Assets Trend (2015–2024)
This chart illustrates how Aasen Sparebank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aasen Sparebank (2015–2024)
The table below shows the annual net assets of Aasen Sparebank from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr827.45 Million | +11.45% |
| 2023-12-31 | Nkr742.44 Million | +8.32% |
| 2022-12-31 | Nkr685.42 Million | +20.60% |
| 2021-12-31 | Nkr568.33 Million | +6.47% |
| 2020-12-31 | Nkr533.81 Million | +21.54% |
| 2019-12-31 | Nkr439.20 Million | +7.90% |
| 2018-12-31 | Nkr407.05 Million | +6.87% |
| 2017-12-31 | Nkr380.86 Million | +12.72% |
| 2016-12-31 | Nkr337.87 Million | +25.72% |
| 2015-12-31 | Nkr268.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aasen Sparebank'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 88.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr25.70 Million | 3.11% |
| Other Components | Nkr801.74 Million | 96.89% |
| Total Equity | Nkr827.45 Million | 100.00% |
Aasen Sparebank Competitors by Market Cap
The table below lists competitors of Aasen Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compania Introductora de Buenos Aires SA
BA:INTR
|
$16.20 Million |
|
GUILD ESPORTS PLC LS-001
F:GU0
|
$16.20 Million |
|
Bitmine Immersion Technologies Inc
PINK:BMNR
|
$16.21 Million |
|
Wanted Lab Inc.
KQ:376980
|
$16.21 Million |
|
ROK Resources Inc.
OTCQB:ROKRF
|
$16.20 Million |
|
Eagle Pharmaceuticals Inc
PINK:EGRX
|
$16.20 Million |
|
Sekuro Plastik Ambalaj Sanayi AS
IS:SEKUR
|
$16.19 Million |
|
Entertainment Network (India) Limited
NSE:ENIL
|
$16.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aasen Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 742,436,000 to 827,446,000, a change of 85,010,000 (11.5%).
- Net income of 78,985,000 contributed positively to equity growth.
- Dividend payments of 15,568,000 reduced retained earnings.
- Other factors increased equity by 21,593,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr78.98 Million | +9.55% |
| Dividends Paid | Nkr15.57 Million | -1.88% |
| Other Changes | Nkr21.59 Million | +2.61% |
| Total Change | Nkr- | 11.45% |
Book Value vs Market Value Analysis
This analysis compares Aasen Sparebank'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: 0.30x
- 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 decreased from 0.50x to 0.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Nkr287.94 | Nkr143.00 | x |
| 2016-12-31 | Nkr362.00 | Nkr143.00 | x |
| 2017-12-31 | Nkr338.07 | Nkr143.00 | x |
| 2018-12-31 | Nkr361.31 | Nkr143.00 | x |
| 2019-12-31 | Nkr389.86 | Nkr143.00 | x |
| 2020-12-31 | Nkr473.84 | Nkr143.00 | x |
| 2021-12-31 | Nkr504.48 | Nkr143.00 | x |
| 2022-12-31 | Nkr396.25 | Nkr143.00 | x |
| 2023-12-31 | Nkr429.21 | Nkr143.00 | x |
| 2024-12-31 | Nkr478.36 | Nkr143.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aasen Sparebank 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): 9.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.61%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 8.18x
- Recent ROE (9.55%) is above the historical average (8.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 8.42% | 29.30% | 0.03x | 10.15x | Nkr-4.24 Million |
| 2016 | 8.41% | 31.86% | 0.03x | 9.09x | Nkr-5.38 Million |
| 2017 | 8.04% | 31.61% | 0.03x | 9.07x | Nkr-7.45 Million |
| 2018 | 8.69% | 36.08% | 0.03x | 8.90x | Nkr-5.31 Million |
| 2019 | 9.23% | 36.95% | 0.03x | 8.84x | Nkr-3.36 Million |
| 2020 | 7.00% | 33.86% | 0.03x | 7.64x | Nkr-16.00 Million |
| 2021 | 7.16% | 36.04% | 0.02x | 8.69x | Nkr-16.11 Million |
| 2022 | 7.24% | 41.17% | 0.02x | 8.19x | Nkr-18.93 Million |
| 2023 | 10.28% | 43.08% | 0.03x | 8.35x | Nkr2.10 Million |
| 2024 | 9.55% | 41.61% | 0.03x | 8.18x | Nkr-3.76 Million |
Industry Comparison
This section compares Aasen Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $1,361,426,111
- Average return on equity (ROE) among peers: 8.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aasen Sparebank (AASB) | Nkr868.02 Million | 8.42% | 7.16x | $16.20 Million |
| Aurskog Sparebank (AURG) | $330.39 Million | 10.56% | 15.15x | $106.30 Million |
| Bien Sparebank ASA (BIEN) | $694.19 Million | 8.04% | 6.36x | $71.28 Million |
| Flekkefjord Sparebank (FFSB) | $704.85 Million | 8.01% | 7.79x | $11.92 Million |
| Grong Sparebank (GRONG) | $921.66 Million | 9.32% | 7.58x | $55.44 Million |
| Helgeland Sparebank (HELG) | $5.22 Billion | 10.93% | 6.46x | $400.97 Million |
| Haugesund Sparebank (HGSB) | $1.55 Billion | 7.63% | 6.85x | $63.52 Million |
| Holand og Setskog Sparebank (HSPG) | $160.35 Million | 0.00% | 8.28x | $8.64 Million |
| Instabank ASA (INSTA) | $786.27 Million | 10.46% | 6.38x | $40.58 Million |
| Jaeren Sparebank (JAREN) | $1.89 Billion | 8.15% | 6.69x | $35.81 Million |