Totens Sparebank
Totens Sparebank provides various banking and financial products and services in Norway. The company offers savings and pension products; mortgage, car, other vehicle, business, and construction loans; small loans; leasing; overdrafts and bank guarantees; home, leisure, car and other vehicle, animal, company and employee, agriculture, business, data attack, property damage, craftsman, health, lan… Read more
Totens Sparebank (TOTG) - Net Assets
Latest net assets as of September 2024: Nkr2.76 Billion NOK
Based on the latest financial reports, Totens Sparebank (TOTG) has net assets worth Nkr2.76 Billion NOK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr22.59 Billion) and total liabilities (Nkr19.83 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 | Nkr2.76 Billion |
| % of Total Assets | 12.22% |
| Annual Growth Rate | 10.06% |
| 5-Year Change | 45.06% |
| 10-Year Change | 131.62% |
| Growth Volatility | 8.71 |
Totens Sparebank - Net Assets Trend (2000–2023)
This chart illustrates how Totens 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 Totens Sparebank (2000–2023)
The table below shows the annual net assets of Totens Sparebank from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr2.76 Billion | +10.71% |
| 2022-12-31 | Nkr2.49 Billion | +14.02% |
| 2021-12-31 | Nkr2.18 Billion | +7.09% |
| 2020-12-31 | Nkr2.04 Billion | +7.31% |
| 2019-12-31 | Nkr1.90 Billion | +7.82% |
| 2018-12-31 | Nkr1.76 Billion | +9.57% |
| 2017-12-31 | Nkr1.61 Billion | +3.76% |
| 2016-12-31 | Nkr1.55 Billion | +23.00% |
| 2015-12-31 | Nkr1.26 Billion | +5.90% |
| 2014-12-31 | Nkr1.19 Billion | +20.24% |
| 2013-12-31 | Nkr989.85 Million | +9.94% |
| 2012-12-31 | Nkr900.38 Million | +8.69% |
| 2011-12-31 | Nkr828.41 Million | +0.21% |
| 2010-12-31 | Nkr826.71 Million | +8.46% |
| 2009-12-31 | Nkr762.26 Million | +15.20% |
| 2008-12-31 | Nkr661.68 Million | +23.40% |
| 2007-12-31 | Nkr536.22 Million | +6.55% |
| 2006-12-31 | Nkr503.26 Million | +16.35% |
| 2005-12-31 | Nkr432.54 Million | +14.80% |
| 2004-12-31 | Nkr376.79 Million | +4.03% |
| 2003-12-31 | Nkr362.21 Million | +30.16% |
| 2002-12-31 | Nkr278.27 Million | +5.41% |
| 2001-12-31 | Nkr263.99 Million | -13.21% |
| 2000-12-31 | Nkr304.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Totens 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 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr2.76 Billion | 100.00% |
| Total Equity | Nkr2.76 Billion | 100.00% |
Totens Sparebank Competitors by Market Cap
The table below lists competitors of Totens Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sparebanken Ost
OL:SPOG
|
$93.46 Million |
|
BayWa AktienGesellschaft Vink.N
F:BYW6
|
$93.47 Million |
|
RS Automation Co.Ltd
KQ:140670
|
$93.52 Million |
|
Claritev Corporation
NYSE:CTEV
|
$93.54 Million |
|
Iljin Holdings
KO:015860
|
$93.43 Million |
|
Access Bio Inc
KQ:950130
|
$93.41 Million |
|
Solteam Electronics Co Ltd
TWO:3484
|
$93.40 Million |
|
Hansol Paper Co Ltd
KO:213500
|
$93.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Totens Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,490,219,000 to 2,756,817,000, a change of 266,598,000 (10.7%).
- Net income of 292,357,000 contributed positively to equity growth.
- Dividend payments of 86,209,000 reduced retained earnings.
- Other factors increased equity by 60,450,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr292.36 Million | +10.6% |
| Dividends Paid | Nkr86.21 Million | -3.13% |
| Other Changes | Nkr60.45 Million | +2.19% |
| Total Change | Nkr- | 10.71% |
Book Value vs Market Value Analysis
This analysis compares Totens 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: 0.64x
- 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 3.31x to 0.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | Nkr87.48 | Nkr290.00 | x |
| 2008-12-31 | Nkr108.03 | Nkr290.00 | x |
| 2009-12-31 | Nkr85.37 | Nkr290.00 | x |
| 2010-12-31 | Nkr134.85 | Nkr290.00 | x |
| 2011-12-31 | Nkr135.23 | Nkr290.00 | x |
| 2012-12-31 | Nkr146.81 | Nkr290.00 | x |
| 2013-12-31 | Nkr161.37 | Nkr290.00 | x |
| 2014-12-31 | Nkr194.34 | Nkr290.00 | x |
| 2015-12-31 | Nkr205.80 | Nkr290.00 | x |
| 2016-12-31 | Nkr253.12 | Nkr290.00 | x |
| 2017-12-31 | Nkr262.65 | Nkr290.00 | x |
| 2018-12-31 | Nkr287.79 | Nkr290.00 | x |
| 2019-12-31 | Nkr310.30 | Nkr290.00 | x |
| 2020-12-31 | Nkr332.99 | Nkr290.00 | x |
| 2021-12-31 | Nkr356.60 | Nkr290.00 | x |
| 2022-12-31 | Nkr406.60 | Nkr290.00 | x |
| 2023-12-31 | Nkr450.13 | Nkr290.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Totens 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): 10.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.11%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 8.10x
- Recent ROE (10.60%) is above the historical average (9.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 12.27% | 27.56% | 0.02x | 19.65x | Nkr12.19 Million |
| 2008 | 2.68% | 8.97% | 0.02x | 16.97x | Nkr-48.45 Million |
| 2009 | 15.50% | 36.85% | 0.03x | 16.00x | Nkr41.90 Million |
| 2010 | 11.84% | 28.39% | 0.03x | 15.47x | Nkr15.15 Million |
| 2011 | 4.87% | 14.57% | 0.02x | 16.47x | Nkr-42.47 Million |
| 2012 | 11.35% | 28.04% | 0.03x | 14.71x | Nkr12.12 Million |
| 2013 | 10.24% | 26.98% | 0.03x | 13.33x | Nkr2.34 Million |
| 2014 | 12.74% | 39.86% | 0.03x | 11.79x | Nkr32.57 Million |
| 2015 | 7.88% | 30.87% | 0.02x | 10.80x | Nkr-26.67 Million |
| 2016 | 8.64% | 37.93% | 0.02x | 9.12x | Nkr-21.02 Million |
| 2017 | 10.73% | 45.02% | 0.03x | 9.09x | Nkr11.68 Million |
| 2018 | 10.31% | 45.76% | 0.03x | 8.91x | Nkr5.49 Million |
| 2019 | 10.17% | 45.47% | 0.02x | 8.98x | Nkr3.26 Million |
| 2020 | 8.82% | 42.16% | 0.02x | 9.15x | Nkr-23.99 Million |
| 2021 | 9.59% | 45.34% | 0.02x | 9.54x | Nkr-8.90 Million |
| 2022 | 9.82% | 46.92% | 0.02x | 8.82x | Nkr-4.40 Million |
| 2023 | 10.60% | 46.11% | 0.03x | 8.10x | Nkr16.68 Million |
Industry Comparison
This section compares Totens 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 |
|---|---|---|---|---|
| Totens Sparebank (TOTG) | Nkr2.76 Billion | 12.27% | 7.18x | $93.44 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 |