Flekkefjord Sparebank
Flekkefjord Sparebank, a savings bank, provides banking services for retail and corporate markets in lekkefjord, Egersund, Farsund, Hægebostad, Kvinesdal, Lindesnes, Lund, Lyngdal, and SirdalogSokndal. It offers mortgage, car, boat, moving mortgage, mortgages for young people, cottage, and construction loans; bank, Boligsparing for ungdom, mutual fund, Borea, stock trading, and retirement savings… Read more
Flekkefjord Sparebank (FFSB) - Net Assets
Latest net assets as of June 2025: Nkr1.54 Billion NOK
Based on the latest financial reports, Flekkefjord Sparebank (FFSB) has net assets worth Nkr1.54 Billion NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr12.53 Billion) and total liabilities (Nkr10.99 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 | Nkr1.54 Billion |
| % of Total Assets | 12.26% |
| Annual Growth Rate | 9.58% |
| 5-Year Change | 60.28% |
| 10-Year Change | N/A |
| Growth Volatility | 8.47 |
Flekkefjord Sparebank - Net Assets Trend (2015–2024)
This chart illustrates how Flekkefjord 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 Flekkefjord Sparebank (2015–2024)
The table below shows the annual net assets of Flekkefjord Sparebank from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.49 Billion | +32.66% |
| 2023-12-31 | Nkr1.12 Billion | +8.60% |
| 2022-12-31 | Nkr1.03 Billion | +5.52% |
| 2021-12-31 | Nkr980.30 Million | +5.43% |
| 2020-12-31 | Nkr929.78 Million | +13.51% |
| 2019-12-31 | Nkr819.13 Million | +4.78% |
| 2018-12-31 | Nkr781.77 Million | +5.79% |
| 2017-12-31 | Nkr738.96 Million | +4.84% |
| 2016-12-31 | Nkr704.85 Million | +7.73% |
| 2015-12-31 | Nkr654.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flekkefjord 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr150.00 Million | 10.07% |
| Other Components | Nkr1.34 Billion | 89.93% |
| Total Equity | Nkr1.49 Billion | 100.00% |
Flekkefjord Sparebank Competitors by Market Cap
The table below lists competitors of Flekkefjord Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Shipping Company ASA
OTCQX:ASCJF
|
$11.92 Million |
|
Autoline Industries Limited
NSE:AUTOIND
|
$11.92 Million |
|
Premier Polyfilm Limited
NSE:PREMIERPOL
|
$11.93 Million |
|
READING INTL A DL-01
F:46B
|
$11.93 Million |
|
K Seng Seng Corporation Bhd
KLSE:5192
|
$11.92 Million |
|
FiEE, Inc.
NASDAQ:FIEE
|
$11.92 Million |
|
Viskase Companies Inc
PINK:VKSC
|
$11.92 Million |
|
Symphony Life Bhd
KLSE:1538
|
$11.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flekkefjord Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,123,400,000 to 1,490,298,000, a change of 366,898,000 (32.7%).
- Net income of 123,700,000 contributed positively to equity growth.
- New share issuances of 150,000,000 increased equity.
- Other comprehensive income decreased equity by 196,394,000.
- Other factors increased equity by 289,592,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr123.70 Million | +8.3% |
| Share Issuances | Nkr150.00 Million | +10.07% |
| Other Comprehensive Income | Nkr-196.39 Million | -13.18% |
| Other Changes | Nkr289.59 Million | +19.43% |
| Total Change | Nkr- | 32.66% |
Book Value vs Market Value Analysis
This analysis compares Flekkefjord 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: 0.13x
- 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 0.23x to 0.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Nkr546.09 | Nkr125.40 | x |
| 2020-12-31 | Nkr619.86 | Nkr125.40 | x |
| 2021-12-31 | Nkr653.53 | Nkr125.40 | x |
| 2022-12-31 | Nkr689.67 | Nkr125.40 | x |
| 2023-12-31 | Nkr748.93 | Nkr125.40 | x |
| 2024-12-31 | Nkr993.53 | Nkr125.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flekkefjord 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): 8.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.05%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.31x
- Recent ROE (8.30%) is above the historical average (6.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 3.83% | 27.98% | 0.01x | 9.23x | Nkr-40.35 Million |
| 2016 | 8.01% | 51.74% | 0.02x | 8.79x | Nkr-14.05 Million |
| 2017 | 5.29% | 36.69% | 0.02x | 8.78x | Nkr-34.79 Million |
| 2018 | 6.12% | 39.17% | 0.02x | 8.72x | Nkr-30.37 Million |
| 2019 | 5.17% | 35.33% | 0.02x | 8.44x | Nkr-39.55 Million |
| 2020 | 3.74% | 32.30% | 0.02x | 7.67x | Nkr-58.18 Million |
| 2021 | 5.73% | 29.74% | 0.02x | 7.91x | Nkr-41.83 Million |
| 2022 | 5.92% | 22.00% | 0.03x | 8.19x | Nkr-42.18 Million |
| 2023 | 9.03% | 39.31% | 0.03x | 8.67x | Nkr-10.88 Million |
| 2024 | 8.30% | 19.05% | 0.06x | 7.31x | Nkr-25.33 Million |
Industry Comparison
This section compares Flekkefjord Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $1,375,047,667
- Average return on equity (ROE) among peers: 8.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flekkefjord Sparebank (FFSB) | Nkr1.54 Billion | 3.83% | 7.16x | $11.92 Million |
| Aasen Sparebank (AASB) | $827.45 Million | 9.55% | 7.18x | $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 |
| 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 |