Romsdal Sparebank
Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmøre. Its personal banking products and services include BSU and other savings accounts, fund savings plans, and retirement savings plans; bank cards and payment solutions; and mortgages, car and other vehicle loans, an… Read more
Romsdal Sparebank (ROMSB) - Net Assets
Latest net assets as of March 2025: Nkr1.06 Billion NOK
Based on the latest financial reports, Romsdal Sparebank (ROMSB) has net assets worth Nkr1.06 Billion NOK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr8.18 Billion) and total liabilities (Nkr7.12 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 | Nkr1.06 Billion |
| % of Total Assets | 12.98% |
| Annual Growth Rate | 12.61% |
| 5-Year Change | 41.14% |
| 10-Year Change | N/A |
| Growth Volatility | 11.48 |
Romsdal Sparebank - Net Assets Trend (2018–2024)
This chart illustrates how Romsdal 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 Romsdal Sparebank (2018–2024)
The table below shows the annual net assets of Romsdal Sparebank from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.08 Billion | +14.04% |
| 2023-12-31 | Nkr944.43 Million | +6.46% |
| 2022-12-31 | Nkr887.13 Million | +10.12% |
| 2021-12-31 | Nkr805.60 Million | +5.57% |
| 2020-12-31 | Nkr763.09 Million | +37.83% |
| 2019-12-31 | Nkr553.63 Million | +4.85% |
| 2018-12-31 | Nkr528.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Romsdal 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr1.08 Billion | 100.00% |
| Total Equity | Nkr1.08 Billion | 100.00% |
Romsdal Sparebank Competitors by Market Cap
The table below lists competitors of Romsdal Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bo Lak
KO:002760
|
$30.02 Million |
|
Wellbiotec Co. Ltd.
KO:010600
|
$30.03 Million |
|
Evermore Chemical Industry Co Ltd
TW:1735
|
$30.03 Million |
|
SMG European Recovery SPAC SE
XETRA:RCVR
|
$30.04 Million |
|
Acrinova AB Series B
ST:ACRI-B
|
$29.98 Million |
|
Caprice Resources Limited
F:C3F
|
$29.97 Million |
|
Panagene Inc
KQ:046210
|
$29.96 Million |
|
Daebo Magnetic Co.Ltd
KQ:290670
|
$29.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Romsdal Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 944,428,000 to 1,076,993,000, a change of 132,565,000 (14.0%).
- Net income of 79,836,000 contributed positively to equity growth.
- Other factors increased equity by 52,729,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr79.84 Million | +7.41% |
| Other Changes | Nkr52.73 Million | +4.9% |
| Total Change | Nkr- | 14.04% |
Book Value vs Market Value Analysis
This analysis compares Romsdal 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: 0.33x
- 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 0.47x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr268.76 | Nkr127.50 | x |
| 2019-12-31 | Nkr281.79 | Nkr127.50 | x |
| 2020-12-31 | Nkr388.40 | Nkr127.50 | x |
| 2021-12-31 | Nkr410.04 | Nkr127.50 | x |
| 2022-12-31 | Nkr451.53 | Nkr127.50 | x |
| 2023-12-31 | Nkr465.32 | Nkr127.50 | x |
| 2024-12-31 | Nkr386.42 | Nkr127.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Romsdal 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): 7.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.19%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.34x
- Recent ROE (7.41%) is above the historical average (6.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 5.06% | 20.36% | 0.03x | 9.75x | Nkr-26.08 Million |
| 2019 | 7.31% | 28.15% | 0.02x | 10.49x | Nkr-14.91 Million |
| 2020 | 3.95% | 19.99% | 0.02x | 8.36x | Nkr-46.19 Million |
| 2021 | 6.58% | 32.26% | 0.03x | 8.07x | Nkr-27.58 Million |
| 2022 | 6.82% | 32.19% | 0.03x | 7.58x | Nkr-28.19 Million |
| 2023 | 7.22% | 30.59% | 0.03x | 7.52x | Nkr-26.29 Million |
| 2024 | 7.41% | 33.19% | 0.03x | 7.34x | Nkr-27.86 Million |
Industry Comparison
This section compares Romsdal Sparebank's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $887,126,000
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Romsdal Sparebank (ROMSB) | Nkr1.06 Billion | 5.06% | 6.70x | $30.01 Million |
| Tinde Sparebank (TINDE) | $887.13 Million | 6.82% | 6.58x | $54.41 Million |