Risk factor
Critical default risk
Profitability factor
Greatly undervalued vs peers
About
Haugesund Sparebank, a savings bank, provides various financial products and services to individuals and corporate customers in Norway. Its personal banking products and services include current, deposit, and association accounts; mortgage and consumer loans, as well as car, boat and other vehicle loans; savings accounts, shares and funds, pension savings accounts, and savings for children and young people; vehicle, boat and leisure, house and contents, and life and health insurance plans; and bank and credit cards, mobile and watch payments, payment apps, and online and mobile banking services. The company's corporate banking products and services, such as business loans, overdrafts, agricultural credit, construction loans, agricultural loans, leasing solutions, and bank guarantees; current accounts, payment solutions, online business services, and savings and investment products; and insurance and pension plans. It also offers real estate agency, securities trading, and mobile and online banking services. The company was incorporated in 1928 and is headquartered in Haugesund, Norway.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, undervalued on P/R
Target Price
The average target price of HGSB.OL is 123 and suggests 24% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to d