Sparebanken Sor (SOR) - Net Assets
Based on the latest financial reports, Sparebanken Sor (SOR) has net assets worth Nkr18.04 Billion NOK (≈ $1.90 Billion USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr176.51 Billion ≈ $18.57 Billion USD) and total liabilities (Nkr158.47 Billion ≈ $16.68 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. Read Sparebanken Sor debt and liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr18.04 Billion |
| % of Total Assets | 10.22% |
| Annual Growth Rate | 14.51% |
| 5-Year Change | 31.19% |
| 10-Year Change | 132.7% |
| Growth Volatility | 28.83 |
Sparebanken Sor - Net Assets Trend (2007–2024)
This chart illustrates how Sparebanken Sor's net assets have evolved over time, based on quarterly financial data. Also explore Sparebanken Sor balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Sparebanken Sor (2007–2024)
The table below shows the annual net assets of Sparebanken Sor from 2007 to 2024. For live valuation and market cap data, see how much is Sparebanken Sor worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr18.04 Billion ≈ $1.90 Billion |
+7.69% |
| 2023-12-31 | Nkr16.75 Billion ≈ $1.76 Billion |
+6.20% |
| 2022-12-31 | Nkr15.78 Billion ≈ $1.66 Billion |
+5.57% |
| 2021-12-31 | Nkr14.94 Billion ≈ $1.57 Billion |
+8.65% |
| 2020-12-31 | Nkr13.75 Billion ≈ $1.45 Billion |
+5.13% |
| 2019-12-31 | Nkr13.08 Billion ≈ $1.38 Billion |
+10.43% |
| 2018-12-31 | Nkr11.85 Billion ≈ $1.25 Billion |
+6.63% |
| 2017-12-31 | Nkr11.11 Billion ≈ $1.17 Billion |
+10.52% |
| 2016-12-31 | Nkr10.05 Billion ≈ $1.06 Billion |
+29.64% |
| 2015-12-31 | Nkr7.75 Billion ≈ $815.84 Million |
+8.33% |
| 2014-12-31 | Nkr7.16 Billion ≈ $753.12 Million |
+130.13% |
| 2013-12-31 | Nkr3.11 Billion ≈ $327.26 Million |
+9.05% |
| 2012-12-31 | Nkr2.85 Billion ≈ $300.11 Million |
+10.76% |
| 2011-12-31 | Nkr2.58 Billion ≈ $270.96 Million |
+7.43% |
| 2010-12-31 | Nkr2.40 Billion ≈ $252.23 Million |
+11.23% |
| 2009-12-31 | Nkr2.15 Billion ≈ $226.77 Million |
+12.71% |
| 2008-12-31 | Nkr1.91 Billion ≈ $201.20 Million |
+6.16% |
| 2007-12-31 | Nkr1.80 Billion ≈ $189.52 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sparebanken Sor'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 | Nkr18.03 Billion | 100.00% |
| Total Equity | Nkr18.03 Billion | 100.00% |
Sparebanken Sor Competitors by Market Cap
The table below lists competitors of Sparebanken Sor ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metals X Ltd
AU:MLX
|
$890.59 Million |
|
Irish Continental Group PLC
IR:IR5B
|
$890.98 Million |
|
Data 3 Ltd
AU:DTL
|
$890.99 Million |
|
Henan Ancai Hi-tech Co Ltd
SHG:600207
|
$891.05 Million |
|
CH. Karnchang PCL
BK:CK
|
$890.38 Million |
|
Beijing Asiacom Information Technology Co.Ltd
SHE:301085
|
$890.00 Million |
|
Central Pacific Financial Corp
NYSE:CPF
|
$889.89 Million |
|
Harim Holdings Co. Ltd
KQ:003380
|
$889.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sparebanken Sor's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,750,000,000 to 18,034,000,000, a change of 1,284,000,000 (7.7%).
- Net income of 1,988,000,000 contributed positively to equity growth.
- New share issuances of 16,000,000 increased equity.
- Other factors decreased equity by 720,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr1.99 Billion | +11.02% |
| Share Issuances | Nkr16.00 Million | +0.09% |
| Other Changes | Nkr-720.00 Million | -3.99% |
| Total Change | Nkr- | 7.67% |
Book Value vs Market Value Analysis
This analysis compares Sparebanken Sor'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: 0.47x
- 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 2.33x to 0.47x 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 | Nkr87.01 | Nkr203.00 | x |
| 2009-12-31 | Nkr1008.36 | Nkr203.00 | x |
| 2010-12-31 | Nkr1121.59 | Nkr203.00 | x |
| 2011-12-31 | Nkr1204.88 | Nkr203.00 | x |
| 2012-12-31 | Nkr1334.49 | Nkr203.00 | x |
| 2013-12-31 | Nkr1455.21 | Nkr203.00 | x |
| 2014-12-31 | Nkr883.68 | Nkr203.00 | x |
| 2015-12-31 | Nkr957.03 | Nkr203.00 | x |
| 2016-12-31 | Nkr641.68 | Nkr203.00 | x |
| 2017-12-31 | Nkr709.25 | Nkr203.00 | x |
| 2018-12-31 | Nkr756.38 | Nkr203.00 | x |
| 2019-12-31 | Nkr835.04 | Nkr203.00 | x |
| 2020-12-31 | Nkr877.68 | Nkr203.00 | x |
| 2021-12-31 | Nkr138.95 | Nkr203.00 | x |
| 2022-12-31 | Nkr378.52 | Nkr203.00 | x |
| 2023-12-31 | Nkr402.93 | Nkr203.00 | x |
| 2024-12-31 | Nkr432.63 | Nkr203.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sparebanken Sor 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): 11.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.52%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 9.79x
- Recent ROE (11.02%) is above the historical average (9.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 7.64% | 31.88% | 0.02x | 15.95x | Nkr-45.20 Million |
| 2009 | 12.06% | 43.55% | 0.02x | 16.33x | Nkr44.50 Million |
| 2010 | 10.68% | 44.60% | 0.02x | 15.39x | Nkr16.30 Million |
| 2011 | 7.57% | 36.38% | 0.01x | 15.73x | Nkr-62.50 Million |
| 2012 | 10.17% | 43.15% | 0.02x | 15.47x | Nkr4.80 Million |
| 2013 | 9.71% | 42.48% | 0.02x | 14.71x | Nkr-9.00 Million |
| 2014 | 12.37% | 44.18% | 0.02x | 13.14x | Nkr169.30 Million |
| 2015 | 8.02% | 35.16% | 0.02x | 13.07x | Nkr-153.10 Million |
| 2016 | 9.83% | 46.82% | 0.02x | 10.50x | Nkr-16.80 Million |
| 2017 | 8.85% | 46.88% | 0.02x | 10.29x | Nkr-127.60 Million |
| 2018 | 7.92% | 45.53% | 0.02x | 10.23x | Nkr-246.40 Million |
| 2019 | 8.60% | 48.81% | 0.02x | 9.90x | Nkr-183.00 Million |
| 2020 | 7.96% | 47.42% | 0.02x | 10.34x | Nkr-280.80 Million |
| 2021 | 8.19% | 51.54% | 0.02x | 9.65x | Nkr-270.50 Million |
| 2022 | 8.13% | 47.13% | 0.02x | 9.98x | Nkr-295.50 Million |
| 2023 | 10.58% | 51.01% | 0.02x | 9.40x | Nkr97.00 Million |
| 2024 | 11.02% | 52.52% | 0.02x | 9.79x | Nkr184.60 Million |
Industry Comparison
This section compares Sparebanken Sor's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,849,291,716
- Average return on equity (ROE) among peers: 6.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sparebanken Sor (SOR) | Nkr18.04 Billion | 7.64% | 8.78x | $890.43 Million |
| Aasen Sparebank (AASB) | $337.87 Million | 8.41% | 8.09x | $24.75 Million |
| Aurskog Sparebank (AURG) | $638.24 Million | 9.77% | 10.47x | $123.09 Million |
| Bien Sparebank ASA (BIEN) | $509.73 Million | 5.10% | 8.89x | $95.64 Million |
| DnB ASA (DNB) | $42.12 Billion | 7.16% | 15.76x | $42.57 Billion |
| Grong Sparebank (GRONG) | $692.06 Million | 7.76% | 8.80x | $83.31 Million |
| Helgeland Sparebank (HELG) | $385.17 Million | 0.00% | 14.83x | $479.51 Million |
| Holand og Setskog Sparebank (HSPG) | $232.48 Million | 7.59% | 13.83x | $11.58 Million |
| Instabank ASA (INSTA) | $483.73 Million | 5.39% | 6.06x | $204.00 Million |
| Jaeren Sparebank (JAREN) | $2.81 Billion | 10.94% | 6.46x | $179.69 Million |
| Kraft Bank Asa (KRAB) | $291.35 Million | 2.68% | 3.16x | $60.48 Million |
About Sparebanken Sor
Sparebanken Sør operates as an independent financial institution in Norway. It operates through Retail Market and Corporate Market segment. The company is involved in banking, securities trading, and real estate brokerage activities in Agder, Rogaland, Vestfold, and Telemark counties, as well as insurance brokerage and property management services. It also provides non-life and personal insurance… Read more