Sparebanken Møre
Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers in Norway. The company operates through Retail and Real Estate Brokerage segments. It offers services in the areas of financing, deposits and other forms of investments, payment transfers, financial advisory services, asset management, insurance, and real estate brokerage. Sparebanken Mø… Read more
Sparebanken Møre (MORG) - Net Assets
Latest net assets as of December 2025: Nkr9.37 Billion NOK
Based on the latest financial reports, Sparebanken Møre (MORG) has net assets worth Nkr9.37 Billion NOK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr109.42 Billion) and total liabilities (Nkr100.04 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 | Nkr9.37 Billion |
| % of Total Assets | 8.57% |
| Annual Growth Rate | 7.84% |
| 5-Year Change | 23.83% |
| 10-Year Change | 72.28% |
| Growth Volatility | 3.68 |
Sparebanken Møre - Net Assets Trend (2005–2025)
This chart illustrates how Sparebanken Møre's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sparebanken Møre (2005–2025)
The table below shows the annual net assets of Sparebanken Møre from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr9.37 Billion | +3.86% |
| 2024-12-31 | Nkr9.03 Billion | +3.99% |
| 2023-12-31 | Nkr8.68 Billion | +7.13% |
| 2022-12-31 | Nkr8.10 Billion | +7.03% |
| 2021-12-31 | Nkr7.57 Billion | +5.02% |
| 2020-12-31 | Nkr7.21 Billion | +3.41% |
| 2019-12-31 | Nkr6.97 Billion | +9.01% |
| 2018-12-31 | Nkr6.39 Billion | +5.20% |
| 2017-12-31 | Nkr6.08 Billion | +11.71% |
| 2016-12-31 | Nkr5.44 Billion | +6.44% |
| 2015-12-31 | Nkr5.11 Billion | +5.53% |
| 2014-12-31 | Nkr4.84 Billion | +7.86% |
| 2013-12-31 | Nkr4.49 Billion | +19.41% |
| 2012-12-31 | Nkr3.76 Billion | +10.07% |
| 2011-12-31 | Nkr3.42 Billion | +5.04% |
| 2010-12-31 | Nkr3.25 Billion | +10.57% |
| 2009-12-31 | Nkr2.94 Billion | +12.08% |
| 2008-12-31 | Nkr2.62 Billion | +9.24% |
| 2007-12-31 | Nkr2.40 Billion | +9.63% |
| 2006-12-31 | Nkr2.19 Billion | +5.84% |
| 2005-12-31 | Nkr2.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sparebanken Møre'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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr9.37 Billion | 100.00% |
| Total Equity | Nkr9.37 Billion | 100.00% |
Sparebanken Møre Competitors by Market Cap
The table below lists competitors of Sparebanken Møre ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
QuantumScape Corporation
SA:Q2SC34
|
$411.16 Million |
|
IRPC Public Company Limited
BK:IRPC
|
$411.27 Million |
|
ZimVie Inc
NASDAQ:ZIMV
|
$411.28 Million |
|
Harbin Xinguang Optic Electronics
SHG:688011
|
$411.35 Million |
|
Shenzhen Prolto Supply Chain Management Co Ltd
SHE:002769
|
$411.09 Million |
|
COLUMBIA FINANCIA DL-01
F:64H
|
$410.97 Million |
|
Shanghai Xinhua Media Co Ltd
SHG:600825
|
$410.87 Million |
|
Green Cross Holdings Preference Shares
KO:005257
|
$410.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sparebanken Møre's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,026,000,000 to 9,374,000,000, a change of 348,000,000 (3.9%).
- Net income of 1,030,000,000 contributed positively to equity growth.
- Dividend payments of 621,000,000 reduced retained earnings.
- New share issuances of 10,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr1.03 Billion | +10.99% |
| Dividends Paid | Nkr621.00 Million | -6.62% |
| Share Issuances | Nkr10.00 Million | +0.11% |
| Other Changes | Nkr-71.00 Million | -0.76% |
| Total Change | Nkr- | 3.86% |
Book Value vs Market Value Analysis
This analysis compares Sparebanken Møre'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: 0.62x
- 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 3.15x to 0.62x 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 | Nkr37.14 | Nkr116.86 | x |
| 2006-12-31 | Nkr79.33 | Nkr116.86 | x |
| 2007-12-31 | Nkr86.97 | Nkr116.86 | x |
| 2008-12-31 | Nkr88.25 | Nkr116.86 | x |
| 2009-12-31 | Nkr44.55 | Nkr116.86 | x |
| 2010-12-31 | Nkr82.97 | Nkr116.86 | x |
| 2011-12-31 | Nkr87.16 | Nkr116.86 | x |
| 2012-12-31 | Nkr95.93 | Nkr116.86 | x |
| 2013-12-31 | Nkr90.85 | Nkr116.86 | x |
| 2014-12-31 | Nkr97.99 | Nkr116.86 | x |
| 2015-12-31 | Nkr104.73 | Nkr116.86 | x |
| 2016-12-31 | Nkr111.20 | Nkr116.86 | x |
| 2017-12-31 | Nkr123.56 | Nkr116.86 | x |
| 2018-12-31 | Nkr129.93 | Nkr116.86 | x |
| 2019-12-31 | Nkr141.64 | Nkr116.86 | x |
| 2020-12-31 | Nkr146.14 | Nkr116.86 | x |
| 2021-12-31 | Nkr153.47 | Nkr116.86 | x |
| 2022-12-31 | Nkr164.39 | Nkr116.86 | x |
| 2023-12-31 | Nkr176.25 | Nkr116.86 | x |
| 2024-12-31 | Nkr182.21 | Nkr116.86 | x |
| 2025-12-31 | Nkr189.13 | Nkr116.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sparebanken Møre 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): 10.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.10%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 11.67x
- Recent ROE (10.99%) is below the historical average (11.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 12.75% | 33.21% | 0.03x | 12.97x | Nkr56.90 Million |
| 2006 | 12.41% | 33.75% | 0.03x | 14.49x | Nkr52.80 Million |
| 2007 | 13.86% | 36.24% | 0.03x | 14.82x | Nkr92.70 Million |
| 2008 | 12.88% | 33.27% | 0.02x | 15.54x | Nkr75.50 Million |
| 2009 | 11.39% | 31.66% | 0.03x | 14.07x | Nkr40.80 Million |
| 2010 | 14.08% | 39.28% | 0.03x | 13.66x | Nkr132.70 Million |
| 2011 | 11.03% | 33.57% | 0.02x | 14.17x | Nkr35.30 Million |
| 2012 | 14.09% | 43.84% | 0.02x | 13.73x | Nkr153.90 Million |
| 2013 | 10.02% | 36.17% | 0.02x | 12.16x | Nkr900.00K |
| 2014 | 12.86% | 44.34% | 0.02x | 11.62x | Nkr138.60 Million |
| 2015 | 9.84% | 38.63% | 0.02x | 11.76x | Nkr-8.20 Million |
| 2016 | 10.55% | 42.11% | 0.02x | 11.32x | Nkr29.90 Million |
| 2017 | 9.16% | 41.60% | 0.02x | 10.94x | Nkr-50.80 Million |
| 2018 | 9.46% | 42.40% | 0.02x | 11.12x | Nkr-34.40 Million |
| 2019 | 10.20% | 44.24% | 0.02x | 10.74x | Nkr14.00 Million |
| 2020 | 7.87% | 37.43% | 0.02x | 11.03x | Nkr-153.80 Million |
| 2021 | 8.48% | 42.04% | 0.02x | 10.94x | Nkr-115.00 Million |
| 2022 | 9.59% | 44.25% | 0.02x | 11.05x | Nkr-33.20 Million |
| 2023 | 12.15% | 48.06% | 0.02x | 11.14x | Nkr187.00 Million |
| 2024 | 12.03% | 45.23% | 0.02x | 11.34x | Nkr183.40 Million |
| 2025 | 10.99% | 43.10% | 0.02x | 11.67x | Nkr92.60 Million |
Industry Comparison
This section compares Sparebanken Møre's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $1,308,028,100
- Average return on equity (ROE) among peers: 8.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sparebanken Møre (MORG) | Nkr9.37 Billion | 12.75% | 10.67x | $411.12 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 |
| 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 |