Tysnes Sparebank (TYSB) - Net Assets
Based on the latest financial reports, Tysnes Sparebank (TYSB) has net assets worth Nkr407.99 Million NOK (≈ $42.93 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.64 Billion ≈ $383.06 Million USD) and total liabilities (Nkr3.23 Billion ≈ $340.12 Million 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 total liabilities of Tysnes Sparebank for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr407.99 Million |
| % of Total Assets | 11.21% |
| Annual Growth Rate | 10.27% |
| 5-Year Change | 17.02% |
| 10-Year Change | N/A |
| Growth Volatility | 10.57 |
Tysnes Sparebank - Net Assets Trend (2016–2024)
This chart illustrates how Tysnes Sparebank's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Tysnes Sparebank for the complete picture of this company's asset base.
Annual Net Assets for Tysnes Sparebank (2016–2024)
The table below shows the annual net assets of Tysnes Sparebank from 2016 to 2024. For live valuation and market cap data, see market value of Tysnes Sparebank.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr432.34 Million ≈ $45.49 Million |
-11.57% |
| 2023-12-31 | Nkr488.88 Million ≈ $51.44 Million |
+6.82% |
| 2022-12-31 | Nkr457.69 Million ≈ $48.16 Million |
+15.83% |
| 2021-12-31 | Nkr395.14 Million ≈ $41.58 Million |
+6.96% |
| 2020-12-31 | Nkr369.45 Million ≈ $38.88 Million |
+15.86% |
| 2019-12-31 | Nkr318.88 Million ≈ $33.56 Million |
+23.69% |
| 2018-12-31 | Nkr257.81 Million ≈ $27.13 Million |
+6.70% |
| 2017-12-31 | Nkr241.62 Million ≈ $25.43 Million |
+22.17% |
| 2016-12-31 | Nkr197.76 Million ≈ $20.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tysnes 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 21229200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr212.29 Million | 49.10% |
| Other Components | Nkr220.05 Million | 50.90% |
| Total Equity | Nkr432.34 Million | 100.00% |
Tysnes Sparebank Competitors by Market Cap
The table below lists competitors of Tysnes Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ScandBook Holding AB
ST:SBOK
|
$29.09 Million |
|
AQUA SA ZY 16
F:9S0
|
$29.09 Million |
|
UMediC Group Berhad
KLSE:0256
|
$29.10 Million |
|
Agroton Public Ltd.
WAR:AGT
|
$29.10 Million |
|
Eastern Commercial Leasing Public Company Limited
BK:ECL
|
$29.03 Million |
|
Elgi Rubber Company Limited
NSE:ELGIRUBCO
|
$29.02 Million |
|
Lotus KFM Bhd
KLSE:8303
|
$29.00 Million |
|
TVI Pacific Inc
V:TVI
|
$28.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tysnes Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 488,885,000 to 432,338,000, a change of -56,547,000 (-11.6%).
- Net loss of 37,053,000 reduced equity.
- Dividend payments of 11,724,000 reduced retained earnings.
- Other factors decreased equity by 7,770,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-37.05 Million | -8.57% |
| Dividends Paid | Nkr11.72 Million | -2.71% |
| Other Changes | Nkr-7.77 Million | -1.8% |
| Total Change | Nkr- | -11.57% |
Book Value vs Market Value Analysis
This analysis compares Tysnes 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr253.51 | Nkr146.60 | x |
| 2017-12-31 | Nkr309.73 | Nkr146.60 | x |
| 2018-12-31 | Nkr226.74 | Nkr146.60 | x |
| 2019-12-31 | Nkr210.55 | Nkr146.60 | x |
| 2020-12-31 | Nkr243.53 | Nkr146.60 | x |
| 2021-12-31 | Nkr260.92 | Nkr146.60 | x |
| 2022-12-31 | Nkr242.82 | Nkr146.60 | x |
| 2023-12-31 | Nkr259.38 | Nkr146.60 | x |
| 2024-12-31 | Nkr229.38 | Nkr146.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tysnes 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): -8.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.15%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.78x
- Recent ROE (-8.57%) is below the historical average (7.05%), 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 | 6.92% | 0.00% | 0.00x | 9.21x | Nkr-6.08 Million |
| 2017 | 7.29% | 0.00% | 0.00x | 9.04x | Nkr-6.56 Million |
| 2018 | 9.30% | 37.53% | 0.03x | 9.84x | Nkr-1.82 Million |
| 2019 | 8.71% | 36.75% | 0.03x | 8.64x | Nkr-4.12 Million |
| 2020 | 7.46% | 34.03% | 0.03x | 7.99x | Nkr-9.37 Million |
| 2021 | 19.19% | 94.24% | 0.02x | 8.19x | Nkr36.30 Million |
| 2022 | 6.70% | 35.70% | 0.03x | 7.23x | Nkr-15.11 Million |
| 2023 | 6.42% | 29.13% | 0.03x | 7.24x | Nkr-17.48 Million |
| 2024 | -8.57% | -33.15% | 0.03x | 7.78x | Nkr-80.29 Million |
Industry Comparison
This section compares Tysnes Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $10,865,831,216
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tysnes Sparebank (TYSB) | Nkr407.99 Million | 6.92% | 7.92x | $29.08 Million |
| Aasen Sparebank (AASB) | $685.42 Million | 7.24% | 7.19x | $24.75 Million |
| Aurskog Sparebank (AURG) | $330.39 Million | 10.56% | 15.15x | $123.04 Million |
| Bien Sparebank ASA (BIEN) | $652.26 Million | 6.45% | 6.60x | $93.84 Million |
| DnB ASA (DNB) | $101.40 Billion | 8.47% | 16.98x | $42.91 Billion |
| Grong Sparebank (GRONG) | $1.36 Billion | 8.18% | 7.05x | $83.18 Million |
| Helgeland Sparebank (HELG) | $1.49 Billion | 8.61% | 10.17x | $471.00 Million |
| Holand og Setskog Sparebank (HSPG) | $232.48 Million | 7.59% | 13.83x | $11.58 Million |
| Instabank ASA (INSTA) | $236.86 Million | -7.35% | 1.22x | $200.27 Million |
| Jaeren Sparebank (JAREN) | $1.77 Billion | 6.84% | 6.94x | $181.14 Million |
| Kraft Bank Asa (KRAB) | $506.89 Million | 12.83% | 7.71x | $58.73 Million |
About Tysnes Sparebank
Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas. It offers payment solutions, such as bank cards, credits, and mobile and online banking; insurance solutions, such as children, auto, death fall, health, buildings, holiday home, income, critical health, disability, and other insurance; loans, such as car l… Read more