Aasen Sparebank

Aasen Sparebank maintains a debt-to-equity ratio of 1.25, indicating a moderate leverage position relative to its equity base. The company's liquidity is assessed as medium, with a negative net cash position after subtracting total debt, suggesting potential short-term liquidity constraints. The return on equity (ROE) of 2.23% and return on assets (ROA) of 0.25% indicate that the bank is generating modest returns relative to its equity and asset base.

In terms of profitability, Aasen Sparebank's ROE and ROA are below the typical thresholds for banks, which often aim for ROE above 10% and ROA above 1%. This suggests that the bank may be underperforming compared to industry standards, particularly in terms of capital efficiency and asset utilization. The net income of 16.53 million NOK on total assets of 6.66 billion NOK further supports the notion of limited profitability.

The bank's revenue is concentrated in its core banking operations, with no disclosed segmental breakdown. Geographically, Aasen Sparebank operates primarily in Norway, which exposes it to local economic conditions and regulatory environments. This concentration may limit diversification benefits and increase vulnerability to regional economic downturns.

Aasen Sparebank's revenue growth trajectory is not explicitly detailed in the available data, but the current financial snapshot suggests a stable, if not growing, revenue base. The bank's total revenue of 38.42 million NOK reflects a consistent performance, though the absence of historical growth data makes it difficult to assess long-term trends. The risk assessment indicates a low dilution potential, which is a positive sign for shareholders, as it suggests the company is unlikely to issue additional shares in the near term.

The risk assessment highlights a medium liquidity risk, primarily due to the negative net cash position after accounting for total debt. This could pose challenges in meeting short-term obligations, especially in a volatile economic environment. The company's debt structure, with long-term debt of 927.94 million NOK, indicates a reliance on long-term financing, which may help in managing liquidity pressures. However, the absence of recent events or filings in the provided data limits the ability to assess any immediate operational or strategic changes that could impact the bank's risk profile.

Net income grew at a 19.1% CAGR over four years, reaching 81.9 million NOK in FY2026.

Total assets expanded at a 9.8% CAGR, indicating consistent balance sheet growth over five years.

Equity grew at an 11.8% CAGR, supporting capital base expansion alongside asset growth.

Analyst consensus suggests 10.3% upside, with a mean price target of 150.0 NOK.

Debt-to-equity ratio of 1.25 is substantially higher than the 0.28 median for peers.

Revenue declined 0.1% year-over-year in FY2026, signaling a potential growth plateau.

Long-term debt surged to 1.23 billion NOK in FY2026, up from 881 million NOK prior.

The company faces medium liquidity risk, which could constrain operational flexibility during market stress.

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• ▍Net income +7,1% YoY
• ▍Net margin 53.4%

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• ▍Net margin 48.9%

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• ▍Net margin 49.8%

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• ▍Net margin 60.8%

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• ▍Net margin 43.0%

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• ▍Net margin 52.6%

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• ▍Net margin 50.6%

Revenue kr 149.4M, +39,1% YoY; Net income +53,9% YoY.

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• ▍Net income +53,9% YoY
• ▍Free cash flow +50,8% YoY
• ▍Net margin 51.1%

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• ▍Net margin 46.3%