Romerike Sparebank (ROMER) - Net Assets
Based on the latest financial reports, Romerike Sparebank (ROMER) has net assets worth Nkr2.33 Billion NOK (≈ $244.88 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr18.90 Billion ≈ $1.99 Billion USD) and total liabilities (Nkr16.57 Billion ≈ $1.74 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 ROMER PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr2.33 Billion |
| % of Total Assets | 12.31% |
| Annual Growth Rate | 18.35% |
| 5-Year Change | 102.8% |
| 10-Year Change | N/A |
| Growth Volatility | 18.11 |
Romerike Sparebank - Net Assets Trend (2016–2024)
This chart illustrates how Romerike Sparebank's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ROMER company net worth.
Annual Net Assets for Romerike Sparebank (2016–2024)
The table below shows the annual net assets of Romerike Sparebank from 2016 to 2024. Also explore how fast is Romerike Sparebank growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.28 Billion ≈ $239.40 Million |
+5.96% |
| 2023-12-31 | Nkr2.15 Billion ≈ $225.94 Million |
+8.35% |
| 2022-12-31 | Nkr1.98 Billion ≈ $208.53 Million |
+62.24% |
| 2021-12-31 | Nkr1.22 Billion ≈ $128.53 Million |
+8.89% |
| 2020-12-31 | Nkr1.12 Billion ≈ $118.04 Million |
+27.81% |
| 2019-12-31 | Nkr877.69 Million ≈ $92.36 Million |
+9.72% |
| 2018-12-31 | Nkr799.95 Million ≈ $84.18 Million |
+6.81% |
| 2017-12-31 | Nkr748.94 Million ≈ $78.81 Million |
+26.73% |
| 2016-12-31 | Nkr590.97 Million ≈ $62.19 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Romerike 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 159.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr1.53 Billion | 67.37% |
| Other Components | Nkr742.41 Million | 32.63% |
| Total Equity | Nkr2.28 Billion | 100.00% |
Romerike Sparebank Competitors by Market Cap
The table below lists competitors of Romerike Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kapuas Prima Coal Tbk PT
JK:ZINC
|
$44.39 Million |
|
Kedawung Setia Industrial Tbk
JK:KDSI
|
$44.43 Million |
|
Nirvana Daii Public Company Limited
BK:NVD
|
$44.45 Million |
|
Advance Synergy Bhd
KLSE:1481
|
$44.45 Million |
|
Namhwa Industrial Co. Ltd
KQ:111710
|
$44.37 Million |
|
HPQ Silicon Resources Inc
V:HPQ
|
$44.37 Million |
|
Mustek Ltd
JSE:MST
|
$44.36 Million |
|
Asahi Songwon Colors Limited
NSE:ASAHISONG
|
$44.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Romerike Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,147,109,000 to 2,275,029,000, a change of 127,920,000 (6.0%).
- Net income of 192,074,000 contributed positively to equity growth.
- Dividend payments of 26,945,000 reduced retained earnings.
- Other factors decreased equity by 37,209,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr192.07 Million | +8.44% |
| Dividends Paid | Nkr26.95 Million | -1.18% |
| Other Changes | Nkr-37.21 Million | -1.64% |
| Total Change | Nkr- | 5.96% |
Book Value vs Market Value Analysis
This analysis compares Romerike 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: 0.19x
- 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 0.32x to 0.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr463.83 | Nkr148.68 | x |
| 2017-12-31 | Nkr587.82 | Nkr148.68 | x |
| 2018-12-31 | Nkr799.95 | Nkr148.68 | x |
| 2019-12-31 | Nkr877.69 | Nkr148.68 | x |
| 2020-12-31 | Nkr1121.79 | Nkr148.68 | x |
| 2021-12-31 | Nkr1221.48 | Nkr148.68 | x |
| 2022-12-31 | Nkr698.70 | Nkr148.68 | x |
| 2023-12-31 | Nkr757.02 | Nkr148.68 | x |
| 2024-12-31 | Nkr802.12 | Nkr148.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Romerike 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): 8.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.91%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.92x
- Recent ROE (8.44%) is above the historical average (8.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.94% | 0.00% | 0.00x | 11.31x | Nkr-360.00K |
| 2017 | 8.46% | 0.00% | 0.00x | 9.89x | Nkr-11.54 Million |
| 2018 | 8.05% | 37.85% | 0.02x | 10.08x | Nkr-15.59 Million |
| 2019 | 10.73% | 49.30% | 0.02x | 9.90x | Nkr6.37 Million |
| 2020 | 6.22% | 33.65% | 0.02x | 8.76x | Nkr-42.41 Million |
| 2021 | 8.84% | 47.25% | 0.02x | 9.15x | Nkr-14.19 Million |
| 2022 | 6.76% | 141.28% | 0.01x | 7.74x | Nkr-64.20 Million |
| 2023 | 7.37% | 37.53% | 0.03x | 7.78x | Nkr-56.42 Million |
| 2024 | 8.44% | 40.91% | 0.03x | 7.92x | Nkr-35.43 Million |
Industry Comparison
This section compares Romerike Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $7,848,175,482
- Average return on equity (ROE) among peers: 8.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Romerike Sparebank (ROMER) | Nkr2.33 Billion | 9.94% | 7.12x | $44.37 Million |
| Aasen Sparebank (AASB) | $568.33 Million | 7.16% | 7.69x | $24.57 Million |
| Aurskog Sparebank (AURG) | $349.90 Million | 6.78% | 15.70x | $125.91 Million |
| Bien Sparebank ASA (BIEN) | $652.26 Million | 6.45% | 6.60x | $84.88 Million |
| DnB ASA (DNB) | $66.41 Billion | 17.56% | 18.88x | $47.23 Billion |
| Grong Sparebank (GRONG) | $1.28 Billion | 12.17% | 6.88x | $76.49 Million |
| Helgeland Sparebank (HELG) | $5.05 Billion | 9.70% | 6.30x | $488.42 Million |
| Holand og Setskog Sparebank (HSPG) | $716.06 Million | 7.41% | 9.15x | $8.77 Million |
| Instabank ASA (INSTA) | $483.73 Million | 5.39% | 6.06x | $230.55 Million |
| Jaeren Sparebank (JAREN) | $2.52 Billion | 9.51% | 5.92x | $175.45 Million |
| Kraft Bank Asa (KRAB) | $457.39 Million | 6.03% | 8.58x | $55.27 Million |
About Romerike Sparebank
Romerike Sparebank provides banking products and services. The company provides daily banking; car, mortgage for young people, construction, consumer loan, green mortgage, green rehabilitation, motorcycles, motorhomes, ATVs, carvans and snowmobiles, and refinancing loans; and bank, BSU, mutual fund, retirement savings, and savings for children. It also offers insurance for car and other vehicles,… Read more