Stock RING SPAREBANK 1 RINGERIKE HADELAND
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Financials SpareBank 1 Ringerike Hadeland

Equities

RING

NO0006390400

Banks

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-04-26 am EDT 		5-day change 1st Jan Change
300 NOK 0.00% Intraday chart for SpareBank 1 Ringerike Hadeland +0.67% -1.32%
Feb. 14 SpareBank 1 Ringerike Hadeland Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI
Feb. 14 SpareBank 1 Ringerike Hadeland Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,600 3,725 5,165 5,071 4,758 4,695 - -
Enterprise Value (EV) 1 3,600 3,725 5,165 5,071 4,758 4,695 4,695 4,695
P/E ratio 8.7 x 10.5 x 11.9 x 12.8 x 10.6 x 7.76 x 8.51 x 8.6 x
Yield 5.78% 4.79% 4.91% - - 6.83% 6.5% 6.5%
Capitalization / Revenue 4.05 x 4.48 x 5.61 x 5.34 x 4.48 x 3.83 x 3.8 x 3.79 x
EV / Revenue 4.05 x 4.48 x 5.61 x 5.34 x 4.48 x 3.83 x 3.8 x 3.79 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.98 x 0.97 x 1.27 x - - 0.95 x 0.91 x 0.87 x
Nbr of stocks (in thousands) 15,650 15,650 15,650 15,650 15,650 15,650 - -
Reference price 2 230.0 238.0 330.0 324.0 304.0 300.0 300.0 300.0
Announcement Date 2/11/20 2/11/21 2/11/22 2/14/23 2/14/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 889.5 832 921 949 1,063 1,227 1,234 1,239
EBITDA - - - - - - - -
EBIT 1 526.1 483 552 554 626 755.5 750.8 743.9
Operating Margin 59.15% 58.05% 59.93% 58.38% 58.89% 61.55% 60.85% 60.06%
Earnings before Tax (EBT) 1 517.4 455 558 535 612 804.7 739.2 731.2
Net income 1 425.3 367 446 421 461 622 567.3 561.3
Net margin 47.81% 44.11% 48.43% 44.36% 43.37% 50.67% 45.97% 45.32%
EPS 2 26.45 22.77 27.72 25.32 28.67 38.67 35.27 34.90
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 13.30 11.40 16.20 - - 20.50 19.50 19.50
Announcement Date 2/11/20 2/11/21 2/11/22 2/14/23 2/14/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 219 231 209 222 225 276 263 263 270 284 324.2 303.5 299.5 300.3 -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 126 138 124 126 129 169 150 146 179 151 208.7 183.4 187.2 176.2 -
Operating Margin 57.53% 59.74% 59.33% 56.76% 57.33% 61.23% 57.03% 55.51% 66.3% 53.17% 64.37% 60.45% 62.51% 58.67% -
Earnings before Tax (EBT) 1 129 137 128 128 116 162 153 148 176 134 210.3 241.5 183.4 169.6 176.6
Net income 1 99 111 98 99 86 138 120 107 136 99 169.1 183.4 140.4 129.1 138
Net margin 45.21% 48.05% 46.89% 44.59% 38.22% 50% 45.63% 40.68% 50.37% 34.86% 52.15% 60.44% 46.88% 42.99% -
EPS 2 6.160 6.920 6.120 6.120 5.030 9.610 7.450 6.620 8.470 6.150 10.52 11.41 8.729 8.028 8.581
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/29/21 2/11/22 5/11/22 8/15/22 10/31/22 2/14/23 5/10/23 8/11/23 11/1/23 2/14/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.6% 9.5% 11% - - 11.5% 10.4% 9.53%
ROA (Net income/ Total Assets) 1.74% 1.4% 1.62% - - 2.1% 1.8% 1.7%
Assets 1 24,423 26,147 27,611 - - 29,617 31,514 33,018
Book Value Per Share 2 235.0 245.0 260.0 - - 315.0 330.0 345.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/11/20 2/11/21 2/11/22 2/14/23 2/14/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for SpareBank 1 Ringerike Hadeland

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
300 NOK
Average target price
333.5 NOK
Spread / Average Target
+11.17%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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