Helgeland Sparebank
Research Helgeland Sparebank (HELG) on Bullrun: valuation model: 11.8% undervalued, market cap NOK 4.21B, P/E 9.6, dividend yield 4.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHELG
- ExchangeOL
- CountryNorway
- SectorFinancial Services
- IndustryBanks - Regional
- CurrencyNOK
- Valuation signal11.8% undervalued
- Market capNOK 4.21B
- P/E9.6
- Dividend yield4.4%
- Financial periodQ1 2026
- RevenueNOK 291.00M
- Net incomeNOK 133.00M
- Free cash flowNOK 612.00M
Valuation Snapshot
Bullrun's latest valuation model marks Helgeland Sparebank as 11.8% undervalued; latest market cap is NOK 4.21B; P/E is 9.6; dividend yield is 4.4%.
Peer valuation comparison
Latest P/E is 9.63x versus a Financial Services sector median of 13.84x (30.4% below).
Latest dividend yield is 4.4% versus a Financial Services sector median of 3.86% (14.1% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | NOK 1.20B | NOK 466.00M | n/a | n/a | n/a | NOK 94.00M | NOK 9.00B | NOK 5.41B |
| FY2024 | NOK 1.20B | NOK 571.00M | -NOK 200.00M | n/a | 16.2 | NOK 1.46M | NOK 8.35B | NOK 5.22B |
| FY2023 | NOK 1.08B | NOK 490.00M | NOK 1.80B | n/a | 13.9 | NOK 924.00M | n/a | NOK 5.05B |
| FY2022 | NOK 959.00M | NOK 445.00M | NOK 3.84B | n/a | 12.8 | NOK 1.51B | n/a | NOK 4.94B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-24 | NOK 4.21B | 9.6 | 4.9% | 7.67 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 7.67 NOK, yield 4.4%.
| Year | Dividends/share |
|---|---|
| FY2024 | 10.77 NOK |
| FY2023 | 10.26 NOK |
| FY2022 | 3.19 NOK |
About Helgeland Sparebank
SpareBank 1 Helgeland provides various banking products and services to private customers, small and medium-sized enterprises, municipalities, and institutions in Norway. The company operates in two segments, Corporate Market and Retail Market. It offers savings, investment, pension, and insurance products; leasing and mortgage loans; bank and credit cards; and online and mobile banking, and payment services, as well as buys and sells homes. The company is also involved in owning and operating of business premises;
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Frequently asked questions
Is Helgeland Sparebank overvalued or undervalued?
Bullrun's valuation model currently marks Helgeland Sparebank as 11.8% undervalued.
What is Helgeland Sparebank's market cap?
Helgeland Sparebank's market capitalization is NOK 4.21B.
What is Helgeland Sparebank's P/E ratio?
Helgeland Sparebank's price-to-earnings (P/E) ratio is 9.6.
Does Helgeland Sparebank pay a dividend?
Helgeland Sparebank has a dividend yield of 4.4%.
What does Helgeland Sparebank do?
SpareBank 1 Helgeland provides various banking products and services to private customers, small and medium-sized enterprises, municipalities, and institutions in Norway. The company operates in two segments, Corporate Market and Retail Market. It offers savings, investment, pension, and insurance products; leasing and mortgage loans; bank and credit cards; and online and mobile banking, and payment services, as well as buys and sells homes. The company is also involved in owning and operating of business premises; and real estate rental business.