Grong Sparebank
Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. It offers mutual fund savings, wealth advice, retirement savings, BSU, and savings accounts products; mortgage, construction loans, fixed-rate loans, framework loan, cottage loans, car loans, and consumer loans; refinancing the mortgage; and loans for other vehicles. The company also provide… Read more
Grong Sparebank (GRONG) - Net Assets
Latest net assets as of September 2025: Nkr1.44 Billion NOK
Based on the latest financial reports, Grong Sparebank (GRONG) has net assets worth Nkr1.44 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr11.50 Billion) and total liabilities (Nkr10.05 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 | Nkr1.44 Billion |
| % of Total Assets | 12.55% |
| Annual Growth Rate | 13.96% |
| 5-Year Change | 61.33% |
| 10-Year Change | N/A |
| Growth Volatility | 7.25 |
Grong Sparebank - Net Assets Trend (2016–2024)
This chart illustrates how Grong 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 Grong Sparebank (2016–2024)
The table below shows the annual net assets of Grong Sparebank from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.36 Billion | +6.41% |
| 2023-12-31 | Nkr1.28 Billion | +9.86% |
| 2022-12-31 | Nkr1.16 Billion | +26.00% |
| 2021-12-31 | Nkr921.66 Million | +9.54% |
| 2020-12-31 | Nkr841.39 Million | +21.58% |
| 2019-12-31 | Nkr692.06 Million | +12.33% |
| 2018-12-31 | Nkr616.11 Million | +6.08% |
| 2017-12-31 | Nkr580.78 Million | +21.68% |
| 2016-12-31 | Nkr477.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grong 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 grown by 177.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr823.38 Million | 60.66% |
| Common Stock | Nkr397.25 Million | 29.26% |
| Other Components | Nkr136.81 Million | 10.08% |
| Total Equity | Nkr1.36 Billion | 100.00% |
Grong Sparebank Competitors by Market Cap
The table below lists competitors of Grong Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Uwharrie Capital Corp
OTCQX:UWHR
|
$55.44 Million |
|
AJ Networks Co Ltd
KO:095570
|
$55.44 Million |
|
Europap Tezol Kagit Sanayi Ve Ticaret AS
IS:TEZOL
|
$55.44 Million |
|
Bank Windu Kentjana Int
JK:MCOR
|
$55.44 Million |
|
Rapid Micro Biosystems Inc
NASDAQ:RPID
|
$55.41 Million |
|
Investigator Resources Limited
F:VOP
|
$55.37 Million |
|
Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust
BK:AMATAR
|
$55.37 Million |
|
Aura Energy Limited
PINK:AUEEF
|
$55.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grong Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,275,728,000 to 1,357,443,000, a change of 81,715,000 (6.4%).
- Net income of 111,068,000 contributed positively to equity growth.
- Dividend payments of 39,725,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr111.07 Million | +8.18% |
| Dividends Paid | Nkr39.73 Million | -2.93% |
| Other Changes | Nkr10.37 Million | +0.76% |
| Total Change | Nkr- | 6.41% |
Book Value vs Market Value Analysis
This analysis compares Grong 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: 0.56x
- 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 0.78x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr244.01 | Nkr190.00 | x |
| 2017-12-31 | Nkr227.79 | Nkr190.00 | x |
| 2018-12-31 | Nkr241.65 | Nkr190.00 | x |
| 2019-12-31 | Nkr232.82 | Nkr190.00 | x |
| 2020-12-31 | Nkr283.06 | Nkr190.00 | x |
| 2021-12-31 | Nkr310.07 | Nkr190.00 | x |
| 2022-12-31 | Nkr292.33 | Nkr190.00 | x |
| 2023-12-31 | Nkr321.14 | Nkr190.00 | x |
| 2024-12-31 | Nkr341.71 | Nkr190.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grong 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): 8.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.32%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 8.05x
- Recent ROE (8.18%) is below the historical average (9.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.11% | 0.00% | 0.00x | 11.46x | Nkr-9.02 Million |
| 2017 | 7.93% | 28.24% | 0.03x | 10.14x | Nkr-12.04 Million |
| 2018 | 8.63% | 31.37% | 0.03x | 10.40x | Nkr-8.47 Million |
| 2019 | 7.76% | 28.66% | 0.03x | 9.80x | Nkr-15.49 Million |
| 2020 | 10.39% | 39.89% | 0.03x | 8.58x | Nkr3.26 Million |
| 2021 | 9.32% | 39.36% | 0.03x | 8.58x | Nkr-6.29 Million |
| 2022 | 14.27% | 51.09% | 0.04x | 7.73x | Nkr49.59 Million |
| 2023 | 12.17% | 45.78% | 0.03x | 7.88x | Nkr27.64 Million |
| 2024 | 8.18% | 35.32% | 0.03x | 8.05x | Nkr-24.68 Million |
Industry Comparison
This section compares Grong Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $1,350,957,556
- Average return on equity (ROE) among peers: 8.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grong Sparebank (GRONG) | Nkr1.44 Billion | 8.11% | 6.97x | $55.44 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 |
| Flekkefjord Sparebank (FFSB) | $704.85 Million | 8.01% | 7.79x | $11.92 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 |