HAUGESUND SPAREBANK (HGSB.OL) Stock Fundamental Analysis

OSL:HGSB • NO0010764053

164.68 NOK
-0.3 (-0.18%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

HGSB gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 110 industry peers in the Banks industry. Both the profitability and financial health of HGSB have multiple concerns. HGSB is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year HGSB was profitable.
  • HGSB had a positive operating cash flow in the past year.
HGSB.OL Yearly Net Income VS EBIT VS OCF VS FCFHGSB.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 -200M -400M -600M -800M

1.2 Ratios

  • HGSB has a Return On Assets of 0.15%. This is amonst the worse of the industry: HGSB underperforms 93.64% of its industry peers.
  • Looking at the Return On Equity, with a value of 1.12%, HGSB is doing worse than 92.73% of the companies in the same industry.
Industry RankSector Rank
ROA 0.15%
ROE 1.12%
ROIC N/A
ROA(3y)0.57%
ROA(5y)N/A
ROE(3y)4.37%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
HGSB.OL Yearly ROA, ROE, ROICHGSB.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2022 2023 2024 2 4 6

1.3 Margins

  • With a Profit Margin value of 6.53%, HGSB is not doing good in the industry: 92.73% of the companies in the same industry are doing better.
  • HGSB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 6.53%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
HGSB.OL Yearly Profit, Operating, Gross MarginsHGSB.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • HGSB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • HGSB has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, HGSB has a worse debt to assets ratio.
HGSB.OL Yearly Shares OutstandingHGSB.OL Yearly Shares OutstandingYearly Shares Outstanding 2022 2023 2024 500K 1M 1.5M 2M
HGSB.OL Yearly Total Debt VS Total AssetsHGSB.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • The Debt to FCF ratio of HGSB is 12.61, which is on the high side as it means it would take HGSB, 12.61 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 12.61, HGSB is in the better half of the industry, outperforming 74.55% of the companies in the same industry.
  • A Debt/Equity ratio of 1.79 is on the high side and indicates that HGSB has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.79, HGSB perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.79
Debt/FCF 12.61
Altman-Z N/A
ROIC/WACCN/A
WACC5.96%
HGSB.OL Yearly LT Debt VS Equity VS FCFHGSB.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
HGSB.OL Yearly Current Assets VS Current LiabilitesHGSB.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2022 2023 2024 10M 20M 30M 40M 50M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • HGSB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -83.05%.
  • HGSB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.34%.
EPS 1Y (TTM)-83.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-38.15%
Revenue 1Y (TTM)8.34%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.37%

3.2 Future

  • Based on estimates for the next years, HGSB will show a small growth in Earnings Per Share. The EPS will grow by 6.86% on average per year.
  • HGSB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.50% yearly.
EPS Next Y-2.15%
EPS Next 2Y6.99%
EPS Next 3Y6.86%
EPS Next 5YN/A
Revenue Next Year18.18%
Revenue Next 2Y18.03%
Revenue Next 3Y14.5%
Revenue Next 5YN/A

3.3 Evolution

HGSB.OL Yearly Revenue VS EstimatesHGSB.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 200M 400M 600M
HGSB.OL Yearly EPS VS EstimatesHGSB.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • HGSB is valuated correctly with a Price/Earnings ratio of 16.02.
  • Based on the Price/Earnings ratio, HGSB is valued expensively inside the industry as 89.09% of the companies are valued cheaper.
  • HGSB is valuated rather cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • HGSB is valuated correctly with a Price/Forward Earnings ratio of 13.17.
  • Based on the Price/Forward Earnings ratio, HGSB is valued a bit more expensive than 74.55% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. HGSB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 16.02
Fwd PE 13.17
HGSB.OL Price Earnings VS Forward Price EarningsHGSB.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, HGSB is valued cheaply inside the industry as 92.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.27
EV/EBITDA N/A
HGSB.OL Per share dataHGSB.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400 500

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.99%
EPS Next 3Y6.86%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.12%, HGSB is a good candidate for dividend investing.
  • HGSB's Dividend Yield is rather good when compared to the industry average which is at 4.33. HGSB pays more dividend than 89.09% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.85, HGSB pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.12%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • HGSB pays out 93.72% of its income as dividend. This is not a sustainable payout ratio.
DP93.72%
EPS Next 2Y6.99%
EPS Next 3Y6.86%
HGSB.OL Yearly Income VS Free CF VS DividendHGSB.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 0 -200M -400M -600M -800M
HGSB.OL Dividend Payout.HGSB.OL Dividend Payout, showing the Payout Ratio.HGSB.OL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

HAUGESUND SPAREBANK

OSL:HGSB (2/20/2026, 7:00:00 PM)

164.68

-0.3 (-0.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-13
Earnings (Next)N/A
Inst Owners1.53%
Inst Owner ChangeN/A
Ins Owners7.28%
Ins Owner ChangeN/A
Market Cap864.57M
Revenue(TTM)459.51M
Net Income(TTM)30.01M
Analysts37.78
Price Target125.46 (-23.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.12%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP93.72%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.04%
Min Revenue beat(2)-20.08%
Max Revenue beat(2)26.16%
Revenue beat(4)2
Avg Revenue beat(4)2.68%
Min Revenue beat(4)-20.08%
Max Revenue beat(4)26.16%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)6.5%
EPS NQ rev (3m)6.5%
EPS NY rev (1m)15.67%
EPS NY rev (3m)15.67%
Revenue NQ rev (1m)-3.41%
Revenue NQ rev (3m)-3.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.02
Fwd PE 13.17
P/S 1.88
P/FCF 2.27
P/OCF 2.27
P/B 0.32
P/tB 0.33
EV/EBITDA N/A
EPS(TTM)10.28
EY6.24%
EPS(NY)12.51
Fwd EY7.59%
FCF(TTM)72.59
FCFY44.08%
OCF(TTM)72.45
OCFY43.99%
SpS87.53
BVpS511.83
TBVpS504.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number344.07
Profitability
Industry RankSector Rank
ROA 0.15%
ROE 1.12%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 6.53%
GM N/A
FCFM 82.93%
ROA(3y)0.57%
ROA(5y)N/A
ROE(3y)4.37%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 1.79
Debt/FCF 12.61
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.16%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 1269.85%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC5.96%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-83.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-38.15%
EPS Next Y-2.15%
EPS Next 2Y6.99%
EPS Next 3Y6.86%
EPS Next 5YN/A
Revenue 1Y (TTM)8.34%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.37%
Revenue Next Year18.18%
Revenue Next 2Y18.03%
Revenue Next 3Y14.5%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

HAUGESUND SPAREBANK / HGSB.OL FAQ

What is the fundamental rating for HGSB stock?

ChartMill assigns a fundamental rating of 2 / 10 to HGSB.OL.


What is the valuation status of HAUGESUND SPAREBANK (HGSB.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to HAUGESUND SPAREBANK (HGSB.OL). This can be considered as Fairly Valued.


How profitable is HAUGESUND SPAREBANK (HGSB.OL) stock?

HAUGESUND SPAREBANK (HGSB.OL) has a profitability rating of 1 / 10.


Can you provide the financial health for HGSB stock?

The financial health rating of HAUGESUND SPAREBANK (HGSB.OL) is 1 / 10.


Can you provide the dividend sustainability for HGSB stock?

The dividend rating of HAUGESUND SPAREBANK (HGSB.OL) is 5 / 10 and the dividend payout ratio is 93.72%.