Voss Veksel og Landmandsbank ASA
Voss Veksel- og Landmandsbank ASA provides banking products and services to private individuals and companies in Norway. The company offers saving accounts; car and other vehicle, home, small, and construction loans; overdrafts facilities; leasing services; bank guarantees; bank and payment cards; insurance products; and online and mobile banking services. The company was founded in 1843 and is b… Read more
Voss Veksel og Landmandsbank ASA (VVL) - Net Assets
Latest net assets as of June 2025: Nkr790.55 Million NOK
Based on the latest financial reports, Voss Veksel og Landmandsbank ASA (VVL) has net assets worth Nkr790.55 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr6.71 Billion) and total liabilities (Nkr5.92 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 | Nkr790.55 Million |
| % of Total Assets | 11.78% |
| Annual Growth Rate | 7.91% |
| 5-Year Change | 29.37% |
| 10-Year Change | 115.42% |
| Growth Volatility | 6.6 |
Voss Veksel og Landmandsbank ASA - Net Assets Trend (2000–2024)
This chart illustrates how Voss Veksel og Landmandsbank ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Voss Veksel og Landmandsbank ASA (2000–2024)
The table below shows the annual net assets of Voss Veksel og Landmandsbank ASA from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr775.64 Million | +7.12% |
| 2023-12-31 | Nkr724.10 Million | +4.40% |
| 2022-12-31 | Nkr693.61 Million | +11.61% |
| 2021-12-31 | Nkr621.46 Million | +3.65% |
| 2020-12-31 | Nkr599.56 Million | +5.82% |
| 2019-12-31 | Nkr566.59 Million | +16.61% |
| 2018-12-31 | Nkr485.89 Million | +21.87% |
| 2017-12-31 | Nkr398.68 Million | +4.72% |
| 2016-12-31 | Nkr380.73 Million | +5.74% |
| 2015-12-31 | Nkr360.05 Million | +3.50% |
| 2014-12-31 | Nkr347.88 Million | +6.01% |
| 2013-12-31 | Nkr328.14 Million | +6.52% |
| 2012-12-31 | Nkr308.05 Million | +5.12% |
| 2011-12-31 | Nkr293.05 Million | +14.55% |
| 2010-12-31 | Nkr255.83 Million | +7.95% |
| 2009-12-31 | Nkr236.99 Million | +7.40% |
| 2008-12-31 | Nkr220.65 Million | +4.90% |
| 2007-12-31 | Nkr210.35 Million | +8.05% |
| 2006-12-31 | Nkr194.68 Million | +9.95% |
| 2005-12-31 | Nkr177.06 Million | +8.40% |
| 2004-12-31 | Nkr163.33 Million | +30.89% |
| 2000-12-31 | Nkr124.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Voss Veksel og Landmandsbank ASA'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 |
|---|---|---|
| Common Stock | Nkr11.10 Million | 1.43% |
| Other Components | Nkr764.53 Million | 98.57% |
| Total Equity | Nkr775.64 Million | 100.00% |
Voss Veksel og Landmandsbank ASA Competitors by Market Cap
The table below lists competitors of Voss Veksel og Landmandsbank ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xlife Sciences AG
SW:XLS
|
$70.33 Million |
|
CBAK Energy Technology Inc
NASDAQ:CBAT
|
$70.33 Million |
|
AFFINITY BANCSHS DL-01
F:5610
|
$70.38 Million |
|
Digital Daesung Co. Ltd
KQ:068930
|
$70.39 Million |
|
Tempo Scan Pacific Tbk
JK:TSPC
|
$70.32 Million |
|
Eucatex S.A. Indústria e Comércio
SA:EUCA3
|
$70.28 Million |
|
Anadolu Isuzu Otomotiv Sanayi ve Ticaret AS
IS:ASUZU
|
$70.25 Million |
|
Epileds Technologies Inc
TW:4956
|
$70.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Voss Veksel og Landmandsbank ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 724,104,000 to 775,638,000, a change of 51,534,000 (7.1%).
- Net income of 90,317,000 contributed positively to equity growth.
- Dividend payments of 31,195,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr90.32 Million | +11.64% |
| Dividends Paid | Nkr31.20 Million | -4.02% |
| Other Changes | Nkr-7.59 Million | -0.98% |
| Total Change | Nkr- | 7.12% |
Book Value vs Market Value Analysis
This analysis compares Voss Veksel og Landmandsbank ASA'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: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.81x to 1.19x 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 | Nkr110.20 | Nkr420.00 | x |
| 2009-12-31 | Nkr124.90 | Nkr420.00 | x |
| 2010-12-31 | Nkr134.73 | Nkr420.00 | x |
| 2011-12-31 | Nkr154.23 | Nkr420.00 | x |
| 2012-12-31 | Nkr162.19 | Nkr420.00 | x |
| 2013-12-31 | Nkr172.71 | Nkr420.00 | x |
| 2014-12-31 | Nkr183.14 | Nkr420.00 | x |
| 2015-12-31 | Nkr189.49 | Nkr420.00 | x |
| 2016-12-31 | Nkr200.33 | Nkr420.00 | x |
| 2017-12-31 | Nkr209.93 | Nkr420.00 | x |
| 2018-12-31 | Nkr255.72 | Nkr420.00 | x |
| 2019-12-31 | Nkr282.99 | Nkr420.00 | x |
| 2020-12-31 | Nkr270.07 | Nkr420.00 | x |
| 2021-12-31 | Nkr7.78 | Nkr420.00 | x |
| 2022-12-31 | Nkr314.74 | Nkr420.00 | x |
| 2023-12-31 | Nkr328.58 | Nkr420.00 | x |
| 2024-12-31 | Nkr351.97 | Nkr420.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Voss Veksel og Landmandsbank ASA 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): 11.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.11%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 8.37x
- Recent ROE (11.64%) is above the historical average (8.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 10.07% | 25.12% | 0.04x | 9.21x | Nkr108.10K |
| 2005 | 10.87% | 27.21% | 0.04x | 9.73x | Nkr1.54 Million |
| 2006 | 11.52% | 25.84% | 0.04x | 10.39x | Nkr2.96 Million |
| 2007 | 10.16% | 17.43% | 0.05x | 10.66x | Nkr334.80K |
| 2008 | 6.29% | 24.11% | 0.02x | 11.27x | Nkr-8.19 Million |
| 2009 | 9.88% | 31.68% | 0.03x | 11.47x | Nkr-282.80K |
| 2010 | 9.23% | 33.02% | 0.02x | 11.33x | Nkr-1.98 Million |
| 2011 | 5.95% | 26.56% | 0.02x | 10.85x | Nkr-11.87 Million |
| 2012 | 6.77% | 26.99% | 0.02x | 10.96x | Nkr-9.95 Million |
| 2013 | 6.95% | 29.25% | 0.02x | 10.79x | Nkr-10.02 Million |
| 2014 | 9.75% | 36.39% | 0.02x | 11.60x | Nkr-862.80K |
| 2015 | 4.67% | 23.82% | 0.02x | 10.42x | Nkr-19.21 Million |
| 2016 | 7.52% | 32.49% | 0.02x | 11.20x | Nkr-9.43 Million |
| 2017 | 5.10% | 24.57% | 0.02x | 11.45x | Nkr-19.55 Million |
| 2018 | 8.14% | 38.46% | 0.02x | 10.61x | Nkr-9.03 Million |
| 2019 | 8.25% | 41.99% | 0.02x | 9.73x | Nkr-9.91 Million |
| 2020 | 5.55% | 31.18% | 0.02x | 9.68x | Nkr-26.70 Million |
| 2021 | 7.18% | 40.66% | 0.02x | 9.25x | Nkr-17.55 Million |
| 2022 | 7.82% | 41.11% | 0.02x | 8.45x | Nkr-15.11 Million |
| 2023 | 10.68% | 44.02% | 0.03x | 8.66x | Nkr4.92 Million |
| 2024 | 11.64% | 47.11% | 0.03x | 8.37x | Nkr12.75 Million |
Industry Comparison
This section compares Voss Veksel og Landmandsbank ASA'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 |
|---|---|---|---|---|
| Voss Veksel og Landmandsbank ASA (VVL) | Nkr790.55 Million | 10.07% | 7.49x | $70.32 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 |