Sparebanken Vest
Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway. The company operates through Corporate Market, Retail Market, Bulder Bank, Treasury, and Estate Agency Activities segments. It is also involved in investment banking, trading in securities for professional investors, leasing and sales mortgage loans, and real e… Read more
Sparebanken Vest (SVEG) - Net Assets
Latest net assets as of March 2025: Nkr25.38 Billion NOK
Based on the latest financial reports, Sparebanken Vest (SVEG) has net assets worth Nkr25.38 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 (Nkr345.23 Billion) and total liabilities (Nkr319.85 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 | Nkr25.38 Billion |
| % of Total Assets | 7.35% |
| Annual Growth Rate | 11.15% |
| 5-Year Change | 42.41% |
| 10-Year Change | 132.13% |
| Growth Volatility | 5.7 |
Sparebanken Vest - Net Assets Trend (2000–2024)
This chart illustrates how Sparebanken Vest's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sparebanken Vest (2000–2024)
The table below shows the annual net assets of Sparebanken Vest from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr26.26 Billion | +12.11% |
| 2023-12-31 | Nkr23.42 Billion | +6.99% |
| 2022-12-31 | Nkr21.89 Billion | +10.53% |
| 2021-12-31 | Nkr19.81 Billion | +7.41% |
| 2020-12-31 | Nkr18.44 Billion | +9.09% |
| 2019-12-31 | Nkr16.90 Billion | +8.12% |
| 2018-12-31 | Nkr15.63 Billion | +11.24% |
| 2017-12-31 | Nkr14.05 Billion | +7.57% |
| 2016-12-31 | Nkr13.06 Billion | +15.49% |
| 2015-12-31 | Nkr11.31 Billion | +24.40% |
| 2014-12-31 | Nkr9.09 Billion | +11.79% |
| 2013-12-31 | Nkr8.13 Billion | +8.29% |
| 2012-12-31 | Nkr7.51 Billion | +12.27% |
| 2011-12-31 | Nkr6.69 Billion | +12.85% |
| 2010-12-31 | Nkr5.93 Billion | +21.37% |
| 2009-12-31 | Nkr4.88 Billion | +11.73% |
| 2008-12-31 | Nkr4.37 Billion | +1.25% |
| 2007-12-31 | Nkr4.32 Billion | +13.69% |
| 2006-12-31 | Nkr3.80 Billion | +16.08% |
| 2005-12-31 | Nkr3.27 Billion | +23.10% |
| 2004-12-31 | Nkr2.66 Billion | +9.43% |
| 2003-12-31 | Nkr2.43 Billion | +10.01% |
| 2002-12-31 | Nkr2.21 Billion | +1.56% |
| 2001-12-31 | Nkr2.17 Billion | +4.77% |
| 2000-12-31 | Nkr2.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sparebanken Vest'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr26.12 Billion | 100.00% |
| Total Equity | Nkr26.12 Billion | 100.00% |
Sparebanken Vest Competitors by Market Cap
The table below lists competitors of Sparebanken Vest ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IRSA Inversiones Y Representaciones
NYSE:IRS
|
$1.35 Billion |
|
The Greenbrier Companies Inc
F:G90
|
$1.35 Billion |
|
Indah Kiat Pulp & Paper Tbk
JK:INKP
|
$1.35 Billion |
|
Nippon Kayaku Co. Ltd
F:NP7
|
$1.35 Billion |
|
Zhongli Science and Technology Group Co Ltd
SHE:002309
|
$1.34 Billion |
|
Stoke Therapeutics Inc
NASDAQ:STOK
|
$1.34 Billion |
|
Phu Nhuan Jewelry JSC
VN:PNJ
|
$1.34 Billion |
|
Rendong Holdings Co Ltd
SHE:002647
|
$1.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sparebanken Vest's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,424,000,000 to 26,117,000,000, a change of 2,693,000,000 (11.5%).
- Net income of 4,652,000,000 contributed positively to equity growth.
- Dividend payments of 2,673,000,000 reduced retained earnings.
- Other factors increased equity by 714,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr4.65 Billion | +17.81% |
| Dividends Paid | Nkr2.67 Billion | -10.23% |
| Other Changes | Nkr714.00 Million | +2.73% |
| Total Change | Nkr- | 11.50% |
Book Value vs Market Value Analysis
This analysis compares Sparebanken Vest'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: 0.67x
- 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 7.73x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Nkr20.57 | Nkr159.12 | x |
| 2003-12-31 | Nkr399.75 | Nkr159.12 | x |
| 2004-12-31 | Nkr437.44 | Nkr159.12 | x |
| 2005-12-31 | Nkr538.49 | Nkr159.12 | x |
| 2006-12-31 | Nkr625.05 | Nkr159.12 | x |
| 2007-12-31 | Nkr710.30 | Nkr159.12 | x |
| 2008-12-31 | Nkr719.35 | Nkr159.12 | x |
| 2009-12-31 | Nkr50.80 | Nkr159.12 | x |
| 2010-12-31 | Nkr230.19 | Nkr159.12 | x |
| 2011-12-31 | Nkr179.86 | Nkr159.12 | x |
| 2012-12-31 | Nkr194.59 | Nkr159.12 | x |
| 2013-12-31 | Nkr211.33 | Nkr159.12 | x |
| 2014-12-31 | Nkr235.63 | Nkr159.12 | x |
| 2015-12-31 | Nkr191.64 | Nkr159.12 | x |
| 2016-12-31 | Nkr221.35 | Nkr159.12 | x |
| 2017-12-31 | Nkr238.09 | Nkr159.12 | x |
| 2018-12-31 | Nkr259.75 | Nkr159.12 | x |
| 2019-12-31 | Nkr157.51 | Nkr159.12 | x |
| 2020-12-31 | Nkr171.83 | Nkr159.12 | x |
| 2021-12-31 | Nkr184.87 | Nkr159.12 | x |
| 2022-12-31 | Nkr199.87 | Nkr159.12 | x |
| 2023-12-31 | Nkr213.56 | Nkr159.12 | x |
| 2024-12-31 | Nkr238.15 | Nkr159.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sparebanken Vest 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): 17.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.34%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 12.95x
- Recent ROE (17.81%) is above the historical average (11.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.52% | 10.28% | 0.07x | 14.99x | Nkr31.50 Million |
| 2002 | 3.13% | 5.94% | 0.03x | 16.05x | Nkr-151.80 Million |
| 2003 | 11.40% | 23.18% | 0.03x | 16.61x | Nkr34.10 Million |
| 2004 | 11.63% | 23.70% | 0.03x | 17.41x | Nkr43.20 Million |
| 2005 | 14.52% | 35.42% | 0.02x | 16.71x | Nkr147.80 Million |
| 2006 | 15.88% | 40.77% | 0.02x | 15.86x | Nkr223.20 Million |
| 2007 | 15.04% | 35.98% | 0.02x | 17.39x | Nkr217.40 Million |
| 2008 | 4.74% | 12.30% | 0.02x | 21.71x | Nkr-230.10 Million |
| 2009 | 7.43% | 18.69% | 0.02x | 20.00x | Nkr-125.40 Million |
| 2010 | 10.31% | 27.86% | 0.02x | 17.76x | Nkr18.20 Million |
| 2011 | 8.19% | 24.43% | 0.02x | 17.34x | Nkr-121.00 Million |
| 2012 | 11.50% | 33.03% | 0.02x | 17.02x | Nkr112.90 Million |
| 2013 | 11.16% | 32.07% | 0.02x | 16.52x | Nkr94.60 Million |
| 2014 | 13.06% | 37.71% | 0.02x | 16.17x | Nkr278.70 Million |
| 2015 | 9.25% | 36.51% | 0.02x | 14.29x | Nkr-84.30 Million |
| 2016 | 11.64% | 48.67% | 0.02x | 12.46x | Nkr214.50 Million |
| 2017 | 10.08% | 44.32% | 0.02x | 12.47x | Nkr10.60 Million |
| 2018 | 10.62% | 46.50% | 0.02x | 12.11x | Nkr96.60 Million |
| 2019 | 12.21% | 51.65% | 0.02x | 11.66x | Nkr373.60 Million |
| 2020 | 11.02% | 54.36% | 0.02x | 12.00x | Nkr188.90 Million |
| 2021 | 12.69% | 61.29% | 0.02x | 11.84x | Nkr532.30 Million |
| 2022 | 12.87% | 57.36% | 0.02x | 12.05x | Nkr627.70 Million |
| 2023 | 15.13% | 58.29% | 0.02x | 13.08x | Nkr1.20 Billion |
| 2024 | 17.81% | 63.34% | 0.02x | 12.95x | Nkr2.04 Billion |
Industry Comparison
This section compares Sparebanken Vest'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 |
|---|---|---|---|---|
| Sparebanken Vest (SVEG) | Nkr25.38 Billion | 11.52% | 12.60x | $1.35 Billion |
| 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 |