Sunndal Sparebank
Sunndal Sparebank engages in the provision of banking services for personal and corporate markets in Norway. The company provides savings, pension, operating, tax deduction, capital, client, and deposit accounts; online and mobile banking, debit and credit cards, bank ID, and payment services; and payment terminal, invoicing, foreign payment services. It also offers mortgage, car and green car lo… Read more
Sunndal Sparebank (SUNSB) - Net Assets
Latest net assets as of March 2025: Nkr858.79 Million NOK
Based on the latest financial reports, Sunndal Sparebank (SUNSB) has net assets worth Nkr858.79 Million NOK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr5.78 Billion) and total liabilities (Nkr4.92 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 | Nkr858.79 Million |
| % of Total Assets | 14.85% |
| Annual Growth Rate | 14.15% |
| 5-Year Change | 61.86% |
| 10-Year Change | N/A |
| Growth Volatility | 7.37 |
Sunndal Sparebank - Net Assets Trend (2016–2024)
This chart illustrates how Sunndal 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 Sunndal Sparebank (2016–2024)
The table below shows the annual net assets of Sunndal Sparebank from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr863.64 Million | +2.11% |
| 2023-12-31 | Nkr845.79 Million | +15.87% |
| 2022-12-31 | Nkr729.93 Million | +9.68% |
| 2021-12-31 | Nkr665.52 Million | +24.73% |
| 2020-12-31 | Nkr533.59 Million | +19.49% |
| 2019-12-31 | Nkr446.56 Million | +18.27% |
| 2018-12-31 | Nkr377.59 Million | +5.26% |
| 2017-12-31 | Nkr358.72 Million | +19.72% |
| 2016-12-31 | Nkr299.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunndal 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 | Nkr863.64 Million | 100.00% |
| Total Equity | Nkr863.64 Million | 100.00% |
Sunndal Sparebank Competitors by Market Cap
The table below lists competitors of Sunndal Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Minera Alamos Inc
OTCQX:MAIFF
|
$23.06 Million |
|
Lider Faktoring AS
IS:LIDFA
|
$23.06 Million |
|
Banco da Amazônia S.A
SA:BAZA3
|
$23.06 Million |
|
PBG S.A
SA:PTBL3
|
$23.07 Million |
|
Intelgenx Technologs
PINK:IGXT
|
$23.05 Million |
|
Tropical Canning (Thailand) Public Company Limited
BK:TC
|
$23.04 Million |
|
Revoil S.A
AT:REVOIL
|
$23.04 Million |
|
Kotra Industries Bhd
KLSE:0002
|
$23.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunndal Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 845,794,000 to 863,645,000, a change of 17,851,000 (2.1%).
- Net income of 54,185,000 contributed positively to equity growth.
- Dividend payments of 20,710,000 reduced retained earnings.
- Other factors decreased equity by 15,624,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr54.19 Million | +6.27% |
| Dividends Paid | Nkr20.71 Million | -2.4% |
| Other Changes | Nkr-15.62 Million | -1.81% |
| Total Change | Nkr- | 2.11% |
Book Value vs Market Value Analysis
This analysis compares Sunndal 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: 0.40x
- 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 | Nkr288.53 | Nkr123.98 | x |
| 2017-12-31 | Nkr345.44 | Nkr123.98 | x |
| 2018-12-31 | Nkr369.76 | Nkr123.98 | x |
| 2019-12-31 | Nkr317.84 | Nkr123.98 | x |
| 2020-12-31 | Nkr379.79 | Nkr123.98 | x |
| 2021-12-31 | Nkr315.84 | Nkr123.98 | x |
| 2022-12-31 | Nkr340.05 | Nkr123.98 | x |
| 2023-12-31 | Nkr307.31 | Nkr123.98 | x |
| 2024-12-31 | Nkr313.62 | Nkr123.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunndal 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): 6.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.13%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 6.77x
- Recent ROE (6.27%) is below the historical average (7.27%), 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 | 7.03% | 0.00% | 0.00x | 8.69x | Nkr-8.91 Million |
| 2017 | 6.77% | 0.00% | 0.00x | 8.66x | Nkr-11.59 Million |
| 2018 | 7.27% | 33.96% | 0.02x | 8.95x | Nkr-10.32 Million |
| 2019 | 8.53% | 38.56% | 0.03x | 8.35x | Nkr-6.56 Million |
| 2020 | 6.64% | 33.88% | 0.02x | 8.49x | Nkr-17.92 Million |
| 2021 | 7.22% | 37.47% | 0.03x | 7.32x | Nkr-18.48 Million |
| 2022 | 7.86% | 36.32% | 0.03x | 7.51x | Nkr-15.66 Million |
| 2023 | 7.89% | 35.71% | 0.03x | 6.90x | Nkr-17.87 Million |
| 2024 | 6.27% | 27.13% | 0.03x | 6.77x | Nkr-32.18 Million |
Industry Comparison
This section compares Sunndal 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 |
|---|---|---|---|---|
| Sunndal Sparebank (SUNSB) | Nkr858.79 Million | 7.03% | 5.73x | $23.05 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 |