Skue Sparebank
Skue Sparebank provides various banking products and services for individual and business in Norway. The company offers checking, business, deposit, tax withholding, client, agricultural, currency, investment, deposit, retirement, and group accounts; business, construction, consumer, car, other vehicle, and small loans, as well as mortgage, bank guarantee, overdraft, and leasing services; and hom… Read more
Skue Sparebank (SKUE) - Net Assets
Latest net assets as of September 2025: Nkr3.28 Billion NOK
Based on the latest financial reports, Skue Sparebank (SKUE) has net assets worth Nkr3.28 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr23.30 Billion) and total liabilities (Nkr20.02 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 | Nkr3.28 Billion |
| % of Total Assets | 14.07% |
| Annual Growth Rate | 14.49% |
| 5-Year Change | 90.56% |
| 10-Year Change | 321.09% |
| Growth Volatility | 16.56 |
Skue Sparebank - Net Assets Trend (2000–2024)
This chart illustrates how Skue 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 Skue Sparebank (2000–2024)
The table below shows the annual net assets of Skue Sparebank from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr3.11 Billion | +37.60% |
| 2023-12-31 | Nkr2.26 Billion | +10.47% |
| 2022-12-31 | Nkr2.05 Billion | +14.07% |
| 2021-12-31 | Nkr1.79 Billion | +9.91% |
| 2020-12-31 | Nkr1.63 Billion | +45.13% |
| 2019-12-31 | Nkr1.13 Billion | +7.39% |
| 2018-12-31 | Nkr1.05 Billion | +9.59% |
| 2017-12-31 | Nkr956.05 Million | +6.67% |
| 2016-12-31 | Nkr896.24 Million | +21.29% |
| 2015-12-31 | Nkr738.92 Million | +11.21% |
| 2014-12-31 | Nkr664.43 Million | +9.04% |
| 2013-12-31 | Nkr609.35 Million | +61.43% |
| 2012-12-31 | Nkr377.46 Million | +7.88% |
| 2011-12-31 | Nkr349.90 Million | +1.78% |
| 2010-12-31 | Nkr343.79 Million | +7.95% |
| 2009-12-31 | Nkr318.48 Million | +20.82% |
| 2008-12-31 | Nkr263.60 Million | -8.58% |
| 2007-12-31 | Nkr288.34 Million | +4.87% |
| 2006-12-31 | Nkr274.95 Million | +38.09% |
| 2005-12-31 | Nkr199.11 Million | +8.35% |
| 2004-12-31 | Nkr183.76 Million | +3.14% |
| 2003-12-31 | Nkr178.17 Million | +41.45% |
| 2002-12-31 | Nkr125.96 Million | +2.00% |
| 2001-12-31 | Nkr123.50 Million | +2.14% |
| 2000-12-31 | Nkr120.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skue 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 186683500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr1.87 Billion | 60.00% |
| Common Stock | Nkr68.81 Million | 2.21% |
| Other Components | Nkr1.18 Billion | 37.79% |
| Total Equity | Nkr3.11 Billion | 100.00% |
Skue Sparebank Competitors by Market Cap
The table below lists competitors of Skue Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Companhia Energética do Ceará - Coelce
SA:COCE3
|
$70.61 Million |
|
CVW CleanTech Inc
OTCQX:CVWFF
|
$70.61 Million |
|
VROYF
PINK:VROYF
|
$70.62 Million |
|
7730
TW:7730
|
$70.62 Million |
|
Value Valves Co Ltd
TWO:4580
|
$70.55 Million |
|
Aurion Resources Ltd
OTCQX:AIRRF
|
$70.55 Million |
|
OFX Group Ltd
AU:OFX
|
$70.52 Million |
|
Precision BioSciences Inc
NASDAQ:DTIL
|
$70.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skue Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,261,369,000 to 3,111,557,000, a change of 850,188,000 (37.6%).
- Net income of 327,910,000 contributed positively to equity growth.
- Dividend payments of 35,568,000 reduced retained earnings.
- Share repurchases of 26,000 reduced equity.
- New share issuances of 26,000 increased equity.
- Other factors increased equity by 557,846,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr327.91 Million | +10.54% |
| Dividends Paid | Nkr35.57 Million | -1.14% |
| Share Repurchases | Nkr26.00K | -0.0% |
| Share Issuances | Nkr26.00K | +0.0% |
| Other Changes | Nkr557.85 Million | +17.93% |
| Total Change | Nkr- | 37.60% |
Book Value vs Market Value Analysis
This analysis compares Skue 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: 0.26x
- 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 1.97x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Nkr177.99 | Nkr351.50 | x |
| 2009-12-31 | Nkr215.04 | Nkr351.50 | x |
| 2010-12-31 | Nkr232.13 | Nkr351.50 | x |
| 2011-12-31 | Nkr146.22 | Nkr351.50 | x |
| 2012-12-31 | Nkr157.73 | Nkr351.50 | x |
| 2013-12-31 | Nkr384.37 | Nkr351.50 | x |
| 2014-12-31 | Nkr353.23 | Nkr351.50 | x |
| 2015-12-31 | Nkr392.84 | Nkr351.50 | x |
| 2016-12-31 | Nkr476.47 | Nkr351.50 | x |
| 2017-12-31 | Nkr505.84 | Nkr351.50 | x |
| 2018-12-31 | Nkr551.42 | Nkr351.50 | x |
| 2019-12-31 | Nkr592.15 | Nkr351.50 | x |
| 2020-12-31 | Nkr825.09 | Nkr351.50 | x |
| 2021-12-31 | Nkr16.70 | Nkr351.50 | x |
| 2022-12-31 | Nkr978.41 | Nkr351.50 | x |
| 2023-12-31 | Nkr1080.83 | Nkr351.50 | x |
| 2024-12-31 | Nkr1356.49 | Nkr351.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skue 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): 10.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.61%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 7.40x
- Recent ROE (10.54%) is above the historical average (7.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.07% | 6.46% | 0.06x | 13.51x | Nkr-13.55 Million |
| 2007 | 6.33% | 6.45% | 0.06x | 15.49x | Nkr-10.59 Million |
| 2008 | -2.77% | -8.43% | 0.02x | 19.80x | Nkr-33.66 Million |
| 2009 | 8.23% | 21.51% | 0.02x | 16.08x | Nkr-5.65 Million |
| 2010 | 8.29% | 25.83% | 0.02x | 15.18x | Nkr-5.86 Million |
| 2011 | 4.38% | 15.39% | 0.02x | 15.11x | Nkr-19.68 Million |
| 2012 | 11.21% | 30.63% | 0.02x | 14.96x | Nkr4.55 Million |
| 2013 | 9.21% | 30.96% | 0.02x | 12.52x | Nkr-4.82 Million |
| 2014 | 3.28% | 11.23% | 0.02x | 12.01x | Nkr-44.68 Million |
| 2015 | 8.30% | 30.82% | 0.02x | 11.18x | Nkr-12.53 Million |
| 2016 | 9.77% | 36.82% | 0.03x | 9.82x | Nkr-2.07 Million |
| 2017 | 8.51% | 33.82% | 0.03x | 9.40x | Nkr-14.23 Million |
| 2018 | 8.46% | 37.33% | 0.02x | 9.34x | Nkr-16.10 Million |
| 2019 | 8.89% | 39.34% | 0.02x | 9.35x | Nkr-12.44 Million |
| 2020 | 5.99% | 32.54% | 0.02x | 8.76x | Nkr-65.49 Million |
| 2021 | 8.32% | 41.72% | 0.02x | 8.66x | Nkr-30.19 Million |
| 2022 | 8.50% | 42.21% | 0.02x | 8.17x | Nkr-30.79 Million |
| 2023 | 9.14% | 42.04% | 0.03x | 7.68x | Nkr-19.48 Million |
| 2024 | 10.54% | 57.61% | 0.02x | 7.40x | Nkr16.75 Million |
Industry Comparison
This section compares Skue 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 |
|---|---|---|---|---|
| Skue Sparebank (SKUE) | Nkr3.28 Billion | 5.07% | 6.11x | $70.56 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 |