Holand og Setskog Sparebank

OL:HSPG Norway Banks - Regional
Market Cap
$8.70 Million
Nkr99.10 Million NOK
Market Cap Rank
#29181 Global
#169 in Norway
Share Price
Nkr144.06
Change (1 day)
-8.82%
52-Week Range
Nkr142.44 - Nkr175.00
All Time High
Nkr175.00
Categories
Companies in Norway Banks - Regional Banking & Financial
About

Høland og Setskog Sparebank provides banking services for the personal and corporate markets in Norway. It offers savings and pension accounts; consumer loans, business loans, mortgage loans, car loans, and loans for motorbikes, ATVs, motorhomes, caravans, snowmobiles, and boats; and refinancing, credit cards, mobile and online banking, bank guarantee, overdrafts, leasing, and factoring and invoi… Read more

Holand og Setskog Sparebank (HSPG) - Net Assets

Latest net assets as of June 2025: Nkr1.01 Billion NOK

Based on the latest financial reports, Holand og Setskog Sparebank (HSPG) has net assets worth Nkr1.01 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 (Nkr9.13 Billion) and total liabilities (Nkr8.13 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 Nkr1.01 Billion
% of Total Assets 11.04%
Annual Growth Rate 8.31%
5-Year Change 38.05%
10-Year Change 146.11%
Growth Volatility 8.63

Holand og Setskog Sparebank - Net Assets Trend (2000–2024)

This chart illustrates how Holand og Setskog 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 Holand og Setskog Sparebank (2000–2024)

The table below shows the annual net assets of Holand og Setskog Sparebank from 2000 to 2024.

Year Net Assets Change
2024-12-31 Nkr988.49 Million +9.51%
2023-12-31 Nkr902.63 Million +7.48%
2022-12-31 Nkr839.78 Million +9.40%
2021-12-31 Nkr767.60 Million +7.20%
2020-12-31 Nkr716.06 Million +8.72%
2019-12-31 Nkr658.62 Million +7.15%
2018-12-31 Nkr614.65 Million +8.82%
2017-12-31 Nkr564.82 Million -1.52%
2016-12-31 Nkr573.55 Million +42.80%
2015-12-31 Nkr401.64 Million +6.69%
2014-12-31 Nkr376.46 Million +9.48%
2013-12-31 Nkr343.85 Million +7.84%
2012-12-31 Nkr318.86 Million +4.98%
2011-12-31 Nkr303.74 Million +2.98%
2010-12-31 Nkr294.96 Million +26.88%
2009-12-31 Nkr232.48 Million +5.75%
2008-12-31 Nkr219.84 Million +0.89%
2007-12-31 Nkr217.90 Million +6.08%
2006-12-31 Nkr205.40 Million +6.78%
2005-12-31 Nkr192.36 Million +5.64%
2004-12-31 Nkr182.09 Million +6.71%
2003-12-31 Nkr170.64 Million +6.42%
2002-12-31 Nkr160.35 Million +3.89%
2001-12-31 Nkr154.35 Million +6.03%
2000-12-31 Nkr145.57 Million --

Equity Component Analysis

This analysis shows how different components contribute to Holand og Setskog 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 632.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings Nkr697.08 Million 70.52%
Common Stock Nkr68.79 Million 6.96%
Other Components Nkr222.61 Million 22.52%
Total Equity Nkr988.49 Million 100.00%

Holand og Setskog Sparebank Competitors by Market Cap

The table below lists competitors of Holand og Setskog Sparebank ranked by their market capitalization.

Company Market Cap
American Battery Materials Inc.
PINK:BLTH
 		$8.64 Million
WMG Holdings Bhd
KLSE:6378
 		$8.64 Million
CLASS EDITORI A
F:EDT1
 		$8.64 Million
WASHINGTON POST -B- - Dusseldorf Stock Exchang
DU:WPOB
 		$8.65 Million
AKA Brands Holding Corp
NYSE:AKA
 		$8.64 Million
Mivtach Shamir
TA:MISH
 		$8.63 Million
Life Healthcare
JSE:LHC
 		$8.63 Million
Ayalon Holdings Ltd
TA:AYAL
 		$8.63 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Holand og Setskog Sparebank's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 902,630,000 to 988,486,000, a change of 85,856,000 (9.5%).
  • Net income of 55,023,000 contributed positively to equity growth.
  • Dividend payments of 4,815,000 reduced retained earnings.
  • Other factors increased equity by 35,648,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr55.02 Million +5.57%
Dividends Paid Nkr4.82 Million -0.49%
Other Changes Nkr35.65 Million +3.61%
Total Change Nkr- 9.51%

Book Value vs Market Value Analysis

This analysis compares Holand og Setskog 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: 0.10x
  • 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.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 Nkr103892.53 Nkr144.06 x
2009-12-31 Nkr464.95 Nkr144.06 x
2010-12-31 Nkr428.78 Nkr144.06 x
2011-12-31 Nkr441.55 Nkr144.06 x
2012-12-31 Nkr463.53 Nkr144.06 x
2013-12-31 Nkr499.86 Nkr144.06 x
2014-12-31 Nkr547.27 Nkr144.06 x
2015-12-31 Nkr583.87 Nkr144.06 x
2016-12-31 Nkr833.77 Nkr144.06 x
2017-12-31 Nkr821.08 Nkr144.06 x
2018-12-31 Nkr893.52 Nkr144.06 x
2019-12-31 Nkr957.44 Nkr144.06 x
2020-12-31 Nkr1040.93 Nkr144.06 x
2021-12-31 Nkr1115.85 Nkr144.06 x
2022-12-31 Nkr1220.80 Nkr144.06 x
2023-12-31 Nkr1312.15 Nkr144.06 x
2024-12-31 Nkr1436.96 Nkr144.06 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Holand og Setskog 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): 5.57%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 28.20%
  • • Asset Turnover: 0.02x
  • • Equity Multiplier: 8.71x
  • Recent ROE (5.57%) is below the historical average (6.08%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 8.82% 14.42% 0.06x 9.54x Nkr-2.02 Million
2004 2.49% 5.71% 0.04x 9.79x Nkr-13.68 Million
2005 2.04% 4.80% 0.04x 10.56x Nkr-15.32 Million
2006 2.25% 4.30% 0.04x 11.77x Nkr-15.91 Million
2007 2.09% 2.82% 0.06x 12.68x Nkr-17.24 Million
2008 0.00% 6.13% 0.00x 14.09x Nkr-21.98 Million
2009 7.59% 23.20% 0.02x 14.83x Nkr-5.61 Million
2010 5.63% 19.54% 0.02x 13.41x Nkr-12.90 Million
2011 4.66% 15.90% 0.02x 14.62x Nkr-16.21 Million
2012 8.11% 22.03% 0.03x 13.82x Nkr-6.01 Million
2013 7.89% 22.38% 0.03x 13.53x Nkr-7.27 Million
2014 9.18% 27.94% 0.02x 14.04x Nkr-3.09 Million
2015 6.86% 23.53% 0.02x 12.75x Nkr-12.59 Million
2016 9.74% 41.39% 0.03x 8.88x Nkr-1.46 Million
2017 8.24% 34.40% 0.03x 9.38x Nkr-9.95 Million
2018 8.53% 35.73% 0.03x 9.43x Nkr-9.04 Million
2019 8.51% 35.28% 0.03x 9.62x Nkr-9.81 Million
2020 7.41% 32.14% 0.02x 10.15x Nkr-18.54 Million
2021 6.90% 31.20% 0.02x 9.92x Nkr-23.78 Million
2022 5.57% 25.83% 0.02x 9.24x Nkr-37.18 Million
2023 5.63% 26.06% 0.02x 8.97x Nkr-39.46 Million
2024 5.57% 28.20% 0.02x 8.71x Nkr-43.83 Million

Industry Comparison

This section compares Holand og Setskog Sparebank's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

  • Industry: Banks - Regional
  • Average net assets among peers: $1,435,548,333
  • Average return on equity (ROE) among peers: 9.18%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Holand og Setskog Sparebank (HSPG) Nkr1.01 Billion 8.82% 8.06x $8.64 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
Haugesund Sparebank (HGSB) $1.55 Billion 7.63% 6.85x $63.52 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