Lea Bank ASA
Lea Bank AB provides various banking products and services in Norway, Finland, Sweden, Germany, Spain, Austria, and France. It provides savings and deposit accounts; consumer loans, including car, boat, and motorcycle loans, as well as renovation, holiday, and Wedding loans; refinancing; payment insurance products; credit cards loan; and other financial services. Lea Bank AB was incorporated in 2… Read more
Lea Bank ASA (LEA) - Net Assets
Latest net assets as of September 2024: Nkr1.47 Billion NOK
Based on the latest financial reports, Lea Bank ASA (LEA) has net assets worth Nkr1.47 Billion NOK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr8.68 Billion) and total liabilities (Nkr7.21 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 | Nkr1.47 Billion |
| % of Total Assets | 16.91% |
| Annual Growth Rate | 4.1% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.72 |
Lea Bank ASA - Net Assets Trend (2020–2023)
This chart illustrates how Lea Bank ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lea Bank ASA (2020–2023)
The table below shows the annual net assets of Lea Bank ASA from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr1.40 Billion | +3.83% |
| 2022-12-31 | Nkr1.35 Billion | +3.38% |
| 2021-12-31 | Nkr1.31 Billion | +5.09% |
| 2020-12-31 | Nkr1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lea Bank ASA'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 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr1.40 Billion | 100.00% |
| Total Equity | Nkr1.40 Billion | 100.00% |
Lea Bank ASA Competitors by Market Cap
The table below lists competitors of Lea Bank ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jindal Drilling And Industries Limited
NSE:JINDRILL
|
$47.28 Million |
|
Cannabix Technologies Inc
PINK:BLOZF
|
$47.28 Million |
|
Mawson Finland LImited
V:MFL
|
$47.29 Million |
|
Jaiprakash Associates Limited
NSE:JPASSOCIAT
|
$47.30 Million |
|
D O Green Technologies Bhd
KLSE:7204
|
$47.28 Million |
|
Drilling Tools International Corp.
NASDAQ:DTI
|
$47.28 Million |
|
PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITED
BK:PCE
|
$47.27 Million |
|
Euro Yatirim Holding AS
IS:EUHOL
|
$47.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lea Bank ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,352,090,000 to 1,403,878,000, a change of 51,788,000 (3.8%).
- Net income of 106,245,000 contributed positively to equity growth.
- Dividend payments of 70,182,000 reduced retained earnings.
- Other factors increased equity by 15,725,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr106.25 Million | +7.57% |
| Dividends Paid | Nkr70.18 Million | -5.0% |
| Other Changes | Nkr15.72 Million | +1.12% |
| Total Change | Nkr- | 3.83% |
Book Value vs Market Value Analysis
This analysis compares Lea Bank ASA'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: 0.70x
- 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 |
|---|---|---|---|
| 2020-12-31 | Nkr13.13 | Nkr10.40 | x |
| 2021-12-31 | Nkr13.80 | Nkr10.40 | x |
| 2022-12-31 | Nkr14.26 | Nkr10.40 | x |
| 2023-12-31 | Nkr14.82 | Nkr10.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lea Bank ASA 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): 7.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.87%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 5.59x
- Recent ROE (7.57%) is below the historical average (14.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 30.44% | 54.94% | 0.09x | 6.02x | Nkr254.40 Million |
| 2021 | 9.79% | 26.36% | 0.07x | 5.45x | Nkr-2.71 Million |
| 2022 | 10.40% | 26.93% | 0.07x | 5.45x | Nkr5.37 Million |
| 2023 | 7.57% | 17.87% | 0.08x | 5.59x | Nkr-34.14 Million |
Industry Comparison
This section compares Lea Bank ASA's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lea Bank ASA (LEA) | Nkr1.47 Billion | 30.44% | 4.91x | $47.28 Million |
| Cool Company Oy (CLCO) | $806.58 Million | 21.66% | 1.55x | $126.25 Million |