Sparebank 1 SMN (MING) - Net Assets

Latest as of June 2025: Nkr29.65 Billion NOK ≈ $3.12 Billion USD

Based on the latest financial reports, Sparebank 1 SMN (MING) has net assets worth Nkr29.65 Billion NOK (≈ $3.12 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr254.84 Billion ≈ $26.82 Billion USD) and total liabilities (Nkr225.19 Billion ≈ $23.70 Billion USD). 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. Check Sparebank 1 SMN liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr29.65 Billion
% of Total Assets	11.63%
Annual Growth Rate	11.77%
5-Year Change	39.39%
10-Year Change	113.64%
Growth Volatility	10.5

Sparebank 1 SMN - Net Assets Trend (2000–2024)

This chart illustrates how Sparebank 1 SMN's net assets have evolved over time, based on quarterly financial data. Also explore Sparebank 1 SMN total assets for the complete picture of this company's asset base.

Annual Net Assets for Sparebank 1 SMN (2000–2024)

The table below shows the annual net assets of Sparebank 1 SMN from 2000 to 2024. For live valuation and market cap data, see MING market cap.

Year	Net Assets	Change
2024-12-31	Nkr29.70 Billion ≈ $3.13 Billion	+6.34%
2023-12-31	Nkr27.93 Billion ≈ $2.94 Billion	+16.32%
2022-12-31	Nkr24.01 Billion ≈ $2.53 Billion	+3.32%
2021-12-31	Nkr23.24 Billion ≈ $2.45 Billion	+9.07%
2020-12-31	Nkr21.31 Billion ≈ $2.24 Billion	+4.35%
2019-12-31	Nkr20.42 Billion ≈ $2.15 Billion	+9.29%
2018-12-31	Nkr18.68 Billion ≈ $1.97 Billion	+6.70%
2017-12-31	Nkr17.51 Billion ≈ $1.84 Billion	+14.46%
2016-12-31	Nkr15.30 Billion ≈ $1.61 Billion	+10.04%
2015-12-31	Nkr13.90 Billion ≈ $1.46 Billion	+11.00%
2014-12-31	Nkr12.53 Billion ≈ $1.32 Billion	+11.41%
2013-12-31	Nkr11.24 Billion ≈ $1.18 Billion	+11.94%
2012-12-31	Nkr10.04 Billion ≈ $1.06 Billion	+20.30%
2011-12-31	Nkr8.35 Billion ≈ $878.45 Million	+6.40%
2010-12-31	Nkr7.85 Billion ≈ $825.63 Million	+26.86%
2009-12-31	Nkr6.18 Billion ≈ $650.84 Million	+12.09%
2008-12-31	Nkr5.52 Billion ≈ $580.65 Million	+13.56%
2007-12-31	Nkr4.86 Billion ≈ $511.31 Million	+16.16%
2006-12-31	Nkr4.18 Billion ≈ $440.17 Million	+13.98%
2005-12-31	Nkr3.67 Billion ≈ $386.19 Million	+53.75%
2004-12-31	Nkr2.39 Billion ≈ $251.18 Million	+8.70%
2003-12-31	Nkr2.20 Billion ≈ $231.08 Million	+4.27%
2002-12-31	Nkr2.11 Billion ≈ $221.61 Million	-1.91%
2001-12-31	Nkr2.15 Billion ≈ $225.93 Million	+4.48%
2000-12-31	Nkr2.06 Billion ≈ $216.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sparebank 1 SMN'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 460500000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Nkr4.61 Billion	15.50%
Common Stock	Nkr2.88 Billion	9.71%
Other Components	Nkr22.21 Billion	74.79%
Total Equity	Nkr29.70 Billion	100.00%

Sparebank 1 SMN Competitors by Market Cap

The table below lists competitors of Sparebank 1 SMN ranked by their market capitalization.

Company	Market Cap
Bank of Qingdao Co Ltd SHE:002948	$3.14 Billion
YETI Holdings Inc NYSE:YETI	$3.14 Billion
Softcat plc F:SF5	$3.14 Billion
Rede Energia Participações S.A SA:REDE3	$3.14 Billion
Anhui Conch Cement Company Limited F:AQE	$3.14 Billion
Navinfo Co Ltd SHE:002405	$3.13 Billion
Park National Corporation NYSE MKT:PRK	$3.13 Billion
Hong Ri Da Technology Co. Ltd. A SHE:301285	$3.13 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sparebank 1 SMN's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 27,931,000,000 to 29,702,000,000, a change of 1,771,000,000 (6.3%).
Net income of 4,485,000,000 contributed positively to equity growth.
Dividend payments of 1,730,000,000 reduced retained earnings.
New share issuances of 1,000,000 increased equity.
Other factors decreased equity by 985,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Nkr4.49 Billion	+15.1%
Dividends Paid	Nkr1.73 Billion	-5.82%
Share Issuances	Nkr1.00 Million	+0.0%
Other Changes	Nkr-985.00 Million	-3.32%
Total Change	Nkr-	6.34%

Book Value vs Market Value Analysis

This analysis compares Sparebank 1 SMN'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: 1.00x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 7.76x to 1.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	Nkr26.63	Nkr206.80	x
2006-12-31	Nkr50.69	Nkr206.80	x
2007-12-31	Nkr55.04	Nkr206.80	x
2008-12-31	Nkr58.07	Nkr206.80	x
2009-12-31	Nkr41.71	Nkr206.80	x
2010-12-31	Nkr74.81	Nkr206.80	x
2011-12-31	Nkr79.27	Nkr206.80	x
2012-12-31	Nkr76.84	Nkr206.80	x
2013-12-31	Nkr86.07	Nkr206.80	x
2014-12-31	Nkr95.92	Nkr206.80	x
2015-12-31	Nkr104.64	Nkr206.80	x
2016-12-31	Nkr114.56	Nkr206.80	x
2017-12-31	Nkr130.85	Nkr206.80	x
2018-12-31	Nkr139.43	Nkr206.80	x
2019-12-31	Nkr151.81	Nkr206.80	x
2020-12-31	Nkr158.26	Nkr206.80	x
2021-12-31	Nkr172.03	Nkr206.80	x
2022-12-31	Nkr185.73	Nkr206.80	x
2023-12-31	Nkr193.69	Nkr206.80	x
2024-12-31	Nkr205.96	Nkr206.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sparebank 1 SMN 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): 15.10%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 57.00%
• Asset Turnover: 0.03x
• Equity Multiplier: 8.34x
Recent ROE (15.10%) is above the historical average (13.21%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	19.58%	42.99%	0.03x	14.84x	Nkr350.90 Million
2006	21.49%	48.91%	0.03x	15.13x	Nkr479.50 Million
2007	17.39%	44.18%	0.03x	14.75x	Nkr358.30 Million
2008	11.24%	34.68%	0.02x	15.45x	Nkr67.80 Million
2009	15.16%	39.99%	0.03x	13.76x	Nkr316.70 Million
2010	13.12%	44.12%	0.02x	12.65x	Nkr242.10 Million
2011	12.37%	40.66%	0.02x	12.35x	Nkr194.70 Million
2012	10.71%	37.86%	0.03x	10.82x	Nkr70.40 Million
2013	12.44%	43.03%	0.03x	10.32x	Nkr272.50 Million
2014	14.23%	53.26%	0.03x	10.12x	Nkr526.70 Million
2015	10.38%	41.40%	0.03x	9.71x	Nkr51.50 Million
2016	10.80%	39.37%	0.03x	9.28x	Nkr118.60 Million
2017	10.60%	39.46%	0.03x	9.04x	Nkr101.40 Million
2018	11.39%	42.55%	0.03x	8.90x	Nkr251.20 Million
2019	12.75%	47.58%	0.03x	8.48x	Nkr541.10 Million
2020	9.05%	33.06%	0.03x	9.18x	Nkr-195.10 Million
2021	12.32%	46.09%	0.03x	8.94x	Nkr516.80 Million
2022	11.06%	49.91%	0.02x	9.30x	Nkr253.80 Million
2023	12.94%	50.06%	0.03x	8.33x	Nkr820.90 Million
2024	15.10%	57.00%	0.03x	8.34x	Nkr1.51 Billion

Industry Comparison

This section compares Sparebank 1 SMN's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $10,865,831,216
Average return on equity (ROE) among peers: 6.94%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sparebank 1 SMN (MING)	Nkr29.65 Billion	19.58%	7.60x	$3.14 Billion
Aasen Sparebank (AASB)	$685.42 Million	7.24%	7.19x	$24.75 Million
Aurskog Sparebank (AURG)	$330.39 Million	10.56%	15.15x	$123.04 Million
Bien Sparebank ASA (BIEN)	$652.26 Million	6.45%	6.60x	$93.84 Million
DnB ASA (DNB)	$101.40 Billion	8.47%	16.98x	$42.91 Billion
Grong Sparebank (GRONG)	$1.36 Billion	8.18%	7.05x	$83.18 Million
Helgeland Sparebank (HELG)	$1.49 Billion	8.61%	10.17x	$471.00 Million
Holand og Setskog Sparebank (HSPG)	$232.48 Million	7.59%	13.83x	$11.58 Million
Instabank ASA (INSTA)	$236.86 Million	-7.35%	1.22x	$200.27 Million
Jaeren Sparebank (JAREN)	$1.77 Billion	6.84%	6.94x	$181.14 Million
Kraft Bank Asa (KRAB)	$506.89 Million	12.83%	7.71x	$58.73 Million

About Sparebank 1 SMN

OL:MING Norway Banks - Regional

Market Cap

$3.14 Billion

Nkr29.82 Billion NOK

Market Cap Rank

#4799 Global

#28 in Norway

Share Price

Nkr206.80

Change (1 day)

-0.19%

52-Week Range

Nkr182.56 - Nkr213.50

All Time High

Nkr213.50