Holand og Setskog Sparebank

The company's capital structure is characterized by a high debt-to-equity ratio of 2.49, indicating a significant reliance on debt financing. The liquidity position is assessed as medium, with a negative net cash position after subtracting total debt, which may pose challenges in meeting short-term obligations. The price-to-book ratio of 0.11 suggests that the company's market value is significantly lower than its book value, potentially indicating undervaluation or concerns about asset quality.

Profitability metrics show a return on equity of 1.38% and a return on assets of 0.15%, both of which are below the typical thresholds for healthy performance in the banking industry. These figures suggest that the company is not generating strong returns relative to its equity and asset base, which could be a concern for investors. The price-to-earnings ratio of 8.32 is relatively low, which may reflect either a discount in the stock price or subdued earnings expectations.

The company's revenue is concentrated in a single segment, as no specific segments are disclosed, and there is no geographic breakdown provided in the available data. This lack of diversification could expose the company to regional or sector-specific risks. The absence of detailed segment and geographic data limits the ability to assess the company's exposure to different markets and business lines.

The company's growth trajectory is not clearly defined in the available data, as there are no specific revenue growth projections or historical growth rates provided. The operating cash flow is negative at -168.58 million NOK, which may indicate challenges in generating sufficient cash from operations to support ongoing activities. The free cash flow of 8.72 million NOK is modest and may not be sufficient to fund significant capital expenditures or dividends.

The risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights potential liquidity constraints. The dilution risk is assessed as low, suggesting that the company is not expected to issue additional shares in the near term that would dilute existing shareholders. The absence of detailed risk factors in the available data limits the ability to fully assess the company's exposure to various risks.

Recent events and filings are not detailed in the available data, which limits the ability to assess the company's recent performance and strategic direction. The analyst estimates show a mean price target of 94.00 NOK, with all recommendations being neutral, indicating a lack of strong buy or sell signals from analysts. The absence of strong buy or sell recommendations suggests that analysts are not particularly bullish or bearish on the stock.

The stock trades at a significant 0.11 price-to-book multiple, suggesting deep undervaluation relative to its tangible book value of NOK 907.7 million.

Total assets grew 6.4% year-over-year to NOK 9.16 billion, demonstrating continued balance sheet expansion despite revenue stagnation.

Equity grew 16.5% year-over-year to NOK 1.15 billion, reflecting strong capital accumulation over the five-year period.

Return on equity of 1.38% sits in the bottom quartile of the bank cohort, far below the 6.33% median.

Net income declined 13.8% year-over-year to NOK 47.4 million, continuing a negative four-year compound annual growth rate.

Debt-to-equity ratio of 2.49 is in the bottom quartile of peers, indicating significantly higher leverage risk than the median.

Revenue kr 39.0M, +17,0% YoY; Net income −35,7% YoY.

• ▍Revenue kr 39.0M, +17,0% YoY
• ▍Net income −35,7% YoY
• ▍Free cash flow +106,2% YoY
• ▍Net margin 27.1%

Revenue kr 32.9M, −2,6% YoY; Net income −63,4% YoY.

• ▍Revenue kr 32.9M, −2,6% YoY
• ▍Net income −63,4% YoY
• ▍Free cash flow −69,5% YoY
• ▍Net margin 19.2%

Revenue kr 31.9M, −2,8% YoY; Net income +113,6% YoY.

• ▍Revenue kr 31.9M, −2,8% YoY
• ▍Net income +113,6% YoY
• ▍Free cash flow −300,3% YoY
• ▍Net margin 59.5%

Revenue kr 29.1M, −11,1% YoY; Net income −7,4% YoY.

• ▍Revenue kr 29.1M, −11,1% YoY
• ▍Net income −7,4% YoY
• ▍Free cash flow +6,0% YoY
• ▍Net margin 39.7%

Revenue kr 33.4M; Net margin 49.3%.

• ▍Revenue kr 33.4M
• ▍Net margin 49.3%

Revenue kr 33.8M; Net margin 50.9%.

• ▍Revenue kr 33.8M
• ▍Net margin 50.9%

Revenue kr 32.9M; Net margin 27.1%.

• ▍Revenue kr 32.9M
• ▍Net margin 27.1%

Revenue kr 32.8M; Net margin 38.1%.

• ▍Revenue kr 32.8M
• ▍Net margin 38.1%

Revenue kr 133.0M, +0,2% YoY; Net income −13,8% YoY.

• ▍Revenue kr 133.0M, +0,2% YoY
• ▍Net income −13,8% YoY
• ▍Free cash flow −116,3% YoY
• ▍Net margin 35.7%

Revenue kr 132.7M, −4,1% YoY; Net income +8,3% YoY.

• ▍Revenue kr 132.7M, −4,1% YoY
• ▍Net income +8,3% YoY
• ▍Free cash flow −20,2% YoY
• ▍Net margin 41.5%

Revenue kr 138.4M, +6,4% YoY; Net income +8,6% YoY.

• ▍Revenue kr 138.4M, +6,4% YoY
• ▍Net income +8,6% YoY
• ▍Free cash flow +26,8% YoY
• ▍Net margin 36.7%

Revenue kr 130.1M, +6,2% YoY; Net income −11,7% YoY.

• ▍Revenue kr 130.1M, +6,2% YoY
• ▍Net income −11,7% YoY
• ▍Free cash flow +27,9% YoY
• ▍Net margin 36.0%