Haugesund Sparebank
Haugesund Sparebank, a savings bank, provides various financial products and services to individuals and corporate customers in Norway. Its personal banking products and services include current, deposit, and association accounts; mortgage and consumer loans, as well as car, boat and other vehicle loans; savings accounts, shares and funds, pension savings accounts, and savings for children and yo… Read more
Haugesund Sparebank (HGSB) - Net Assets
Latest net assets as of September 2025: Nkr2.69 Billion NOK
Based on the latest financial reports, Haugesund Sparebank (HGSB) has net assets worth Nkr2.69 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 (Nkr20.26 Billion) and total liabilities (Nkr17.57 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 | Nkr2.69 Billion |
| % of Total Assets | 13.26% |
| Annual Growth Rate | 10.11% |
| 5-Year Change | 35.06% |
| 10-Year Change | N/A |
| Growth Volatility | 4.85 |
Haugesund Sparebank - Net Assets Trend (2019–2024)
This chart illustrates how Haugesund 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 Haugesund Sparebank (2019–2024)
The table below shows the annual net assets of Haugesund Sparebank from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.09 Billion | +8.10% |
| 2023-12-31 | Nkr1.93 Billion | +8.24% |
| 2022-12-31 | Nkr1.78 Billion | +8.05% |
| 2021-12-31 | Nkr1.65 Billion | +6.83% |
| 2020-12-31 | Nkr1.55 Billion | +19.88% |
| 2019-12-31 | Nkr1.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haugesund 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 51.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr1.61 Billion | 77.33% |
| Common Stock | Nkr225.00 Million | 10.78% |
| Other Components | Nkr248.10 Million | 11.89% |
| Total Equity | Nkr2.09 Billion | 100.00% |
Haugesund Sparebank Competitors by Market Cap
The table below lists competitors of Haugesund Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HCK Capital Group Bhd
KLSE:7105
|
$63.53 Million |
|
Pantech Group Holdings Bhd
KLSE:5125
|
$63.53 Million |
|
Iljin Diamond
KO:081000
|
$63.53 Million |
|
Spark I Acquisition Corp. Class A Ordinary Share
NASDAQ:SPKL
|
$63.54 Million |
|
Yield Microelectronics Corp.
TW:6423
|
$63.47 Million |
|
Chin Teck Plantations Bhd
KLSE:1929
|
$63.45 Million |
|
PUBLIC POLICY HO.COM 144A
F:PD7
|
$63.43 Million |
|
Dundee Corp
PINK:DDEJF
|
$63.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haugesund Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,930,640,000 to 2,087,069,000, a change of 156,429,000 (8.1%).
- Net income of 158,575,000 contributed positively to equity growth.
- Dividend payments of 18,450,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr158.57 Million | +7.6% |
| Dividends Paid | Nkr18.45 Million | -0.88% |
| Other Changes | Nkr16.30 Million | +0.78% |
| Total Change | Nkr- | 8.10% |
Book Value vs Market Value Analysis
This analysis compares Haugesund 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: 0.18x
- 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 1.82x to 0.18x 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 | Nkr91.83 | Nkr167.00 | x |
| 2020-12-31 | Nkr110.08 | Nkr167.00 | x |
| 2021-12-31 | Nkr733.70 | Nkr167.00 | x |
| 2022-12-31 | Nkr792.75 | Nkr167.00 | x |
| 2023-12-31 | Nkr858.06 | Nkr167.00 | x |
| 2024-12-31 | Nkr927.59 | Nkr167.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haugesund 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): 7.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.53%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.70x
- Recent ROE (7.60%) is above the historical average (7.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 7.88% | 39.41% | 0.02x | 8.56x | Nkr-27.27 Million |
| 2020 | 7.63% | 45.10% | 0.02x | 7.85x | Nkr-36.58 Million |
| 2021 | 7.59% | 34.59% | 0.03x | 7.79x | Nkr-39.76 Million |
| 2022 | 6.41% | 24.51% | 0.03x | 7.73x | Nkr-64.08 Million |
| 2023 | 8.02% | 20.23% | 0.05x | 7.52x | Nkr-38.24 Million |
| 2024 | 7.60% | 16.53% | 0.06x | 7.70x | Nkr-50.13 Million |
Industry Comparison
This section compares Haugesund Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $1,281,670,000
- Average return on equity (ROE) among peers: 8.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haugesund Sparebank (HGSB) | Nkr2.69 Billion | 7.88% | 6.54x | $63.52 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 |
| 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 |
| 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 |