Nidaros Sparebank
Nidaros Sparebank, a savings bank, provides banking services for private and corporate customers in Norway. It provides payroll, usage, current, and savings accounts, as well as retirement solutions; leasing, mortgage, boat loan, car loans, overdraft, and consumer loans and refinancing products, as well as bank guarantee; retirement, funds and shares, stock trading, and pension services; and insu… Read more
Nidaros Sparebank (NISB) - Net Assets
Latest net assets as of September 2025: Nkr625.44 Million NOK
Based on the latest financial reports, Nidaros Sparebank (NISB) has net assets worth Nkr625.44 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr5.03 Billion) and total liabilities (Nkr4.41 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 | Nkr625.44 Million |
| % of Total Assets | 12.43% |
| Annual Growth Rate | 10.25% |
| 5-Year Change | 18.68% |
| 10-Year Change | N/A |
| Growth Volatility | 7.79 |
Nidaros Sparebank - Net Assets Trend (2016–2024)
This chart illustrates how Nidaros 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 Nidaros Sparebank (2016–2024)
The table below shows the annual net assets of Nidaros Sparebank from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr608.26 Million | +7.58% |
| 2023-12-31 | Nkr565.42 Million | +2.60% |
| 2022-12-31 | Nkr551.11 Million | +3.39% |
| 2021-12-31 | Nkr533.07 Million | +4.01% |
| 2020-12-31 | Nkr512.50 Million | +21.52% |
| 2019-12-31 | Nkr421.75 Million | +19.26% |
| 2018-12-31 | Nkr353.65 Million | +5.40% |
| 2017-12-31 | Nkr335.53 Million | +20.40% |
| 2016-12-31 | Nkr278.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nidaros 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 43133300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr431.33 Million | 70.91% |
| Common Stock | Nkr112.86 Million | 18.55% |
| Other Components | Nkr64.07 Million | 10.53% |
| Total Equity | Nkr608.26 Million | 100.00% |
Nidaros Sparebank Competitors by Market Cap
The table below lists competitors of Nidaros Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Lithium Corp
OTCQX:ULTHF
|
$5.36 Million |
|
Austem Company Ltd
KQ:031510
|
$5.36 Million |
|
Next Science Limited
PINK:NXSCF
|
$5.36 Million |
|
Lux Metals Corp.
F:GP80
|
$5.36 Million |
|
Dev Information Technology Limited
NSE:DEVIT
|
$5.35 Million |
|
Kyobo 15 Special Purpose Acquisition Company
KQ:465320
|
$5.35 Million |
|
ROYIF
PINK:ROYIF
|
$5.35 Million |
|
Energy World Corporation Ltd
PINK:EWCLF
|
$5.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nidaros Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 565,421,000 to 608,256,000, a change of 42,835,000 (7.6%).
- Net income of 34,992,000 contributed positively to equity growth.
- Dividend payments of 6,399,000 reduced retained earnings.
- Other factors increased equity by 14,242,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr34.99 Million | +5.75% |
| Dividends Paid | Nkr6.40 Million | -1.05% |
| Other Changes | Nkr14.24 Million | +2.34% |
| Total Change | Nkr- | 7.58% |
Book Value vs Market Value Analysis
This analysis compares Nidaros 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: 0.20x
- 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 |
|---|---|---|---|
| 2016-12-31 | Nkr928.90 | Nkr110.00 | x |
| 2017-12-31 | Nkr479.32 | Nkr110.00 | x |
| 2018-12-31 | Nkr313.65 | Nkr110.00 | x |
| 2019-12-31 | Nkr373.71 | Nkr110.00 | x |
| 2020-12-31 | Nkr454.59 | Nkr110.00 | x |
| 2021-12-31 | Nkr472.67 | Nkr110.00 | x |
| 2022-12-31 | Nkr488.33 | Nkr110.00 | x |
| 2023-12-31 | Nkr501.01 | Nkr110.00 | x |
| 2024-12-31 | Nkr538.96 | Nkr110.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nidaros 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): 5.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.31%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.82x
- Recent ROE (5.75%) is below the historical average (6.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.70% | 0.00% | 0.00x | 10.51x | Nkr-12.00 Million |
| 2017 | 6.06% | 0.00% | 0.00x | 9.75x | Nkr-13.20 Million |
| 2018 | 6.69% | 27.71% | 0.02x | 10.31x | Nkr-11.69 Million |
| 2019 | 7.33% | 30.86% | 0.03x | 9.34x | Nkr-11.24 Million |
| 2020 | 7.74% | 41.84% | 0.02x | 8.12x | Nkr-11.61 Million |
| 2021 | 5.61% | 31.49% | 0.02x | 8.07x | Nkr-23.40 Million |
| 2022 | 4.92% | 26.59% | 0.02x | 7.93x | Nkr-27.98 Million |
| 2023 | 5.90% | 25.88% | 0.03x | 8.04x | Nkr-23.16 Million |
| 2024 | 5.75% | 25.31% | 0.03x | 7.82x | Nkr-25.83 Million |
Industry Comparison
This section compares Nidaros Sparebank'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 |
|---|---|---|---|---|
| Nidaros Sparebank (NISB) | Nkr625.44 Million | 5.70% | 7.04x | $5.35 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 |