By Helgi Library - November 21, 2019
Klarna Group stock traded at NOK 45,142 per share at the end 2018 implying a market capitalization of USD 5,500 mil. Since the end of 2...
By Helgi Library - November 21, 2019
Klarna Group stock traded at NOK 45,142 per share at the end 2018 implying a market capitalization of USD 5,500 mil. Since the end of 2...
By Helgi Library - November 21, 2019
Klarna Group stock traded at NOK 45,142 per share at the end of 2018 implying a market capitalization of USD 5,500 mil. Since the end o...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | SEK mil | 1,181 | 1,452 | 1,802 |
| Net Fee Income | SEK mil | 2,115 | 2,719 | 3,671 |
| Other Income | SEK mil | -6.69 | -13.2 | -21.6 |
| Total Revenues | SEK mil | 3,290 | 4,158 | 5,450 |
| Staff Cost | SEK mil | 1,077 | 1,161 | 1,462 |
| Operating Profit | SEK mil | 592 | 1,023 | 944 |
| Provisions | SEK mil | 424 | 501 | 786 |
| Net Profit | SEK mil | 113 | 345 | 103 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | SEK mil | 1,235 | 1,249 | 2,722 |
| Customer Loans | SEK mil | 8,450 | 13,874 | 19,979 |
| Total Assets | SEK mil | 12,085 | 19,025 | 28,216 |
| Shareholders' Equity | SEK mil | 2,792 | 4,242 | 4,844 |
| Interbank Borrowing | SEK mil | 755 | 197 | 1,418 |
| Customer Deposits | SEK mil | 5,839 | 8,492 | 14,582 |
| Issued Debt Securities | SEK mil | ... | 2,292 | 2,594 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 4.26 | 9.80 | 2.28 |
| ROA | % | 1.09 | 2.22 | 0.438 |
| Costs (As % Of Assets) | % | 25.9 | 20.2 | 19.1 |
| Costs (As % Of Income) | % | 82.0 | 75.4 | 82.7 |
| Capital Adequacy Ratio | % | 18.8 | 18.2 | 15.0 |
| Net Interest Margin | % | 11.3 | 9.34 | 7.63 |
| Loans (As % Of Deposits) | % | 145 | 163 | 137 |
| NPLs (As % Of Loans) | % | 4.60 | 3.26 | 3.12 |
| Provisions (As % Of NPLs) | % | 107 | 141 | 144 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 180 | 59.5 | 437 | |
| Price/Book Value (P/BV) | 7.30 | 4.84 | 9.32 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | 113 | 345 | 103 | |
| Book Value Per Share | 2,792 | 4,242 | 4,844 | |
| Dividend Per Share | 0 | 0 | 0 | |
Get all company financials in excel:
| summary | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||
| Net Interest Income | SEK mil | ... | ... | ... | 828 | 968 | 1,181 | ||
| Total Revenues | SEK mil | 1,170 | 1,572 | 1,980 | 2,582 | 3,290 | |||
| Operating Profit | SEK mil | 203 | 277 | 329 | 505 | 592 | |||
| Net Profit | SEK mil | 24.0 | 54.1 | 75.2 | 127 | 113 | |||
| balance sheet | |||||||||
| Interbank Loans | SEK mil | 460 | 613 | 756 | 500 | 1,235 | |||
| Customer Loans | SEK mil | 2,860 | 3,501 | 4,513 | 6,104 | 8,450 | |||
| Debt Securities | SEK mil | ... | ... | ... | 500 | 790 | 942 | ||
| Total Assets | SEK mil | 3,627 | 4,624 | 7,195 | 8,755 | 12,085 | |||
| Shareholders' Equity | SEK mil | 779 | 832 | 2,029 | 2,519 | 2,792 | |||
| Interbank Borrowing | SEK mil | 75.7 | 168 | 386 | 709 | 755 | |||
| Customer Deposits | SEK mil | 2,203 | 2,680 | 3,705 | 3,959 | 5,839 | |||
| Issued Debt Securities | SEK mil | ... | ... | ... | ... | ... | ... | ||
| ratios | |||||||||
| ROE | % | 3.61 | 6.72 | 5.26 | 5.59 | 4.26 | |||
| ROA | % | 0.733 | 1.31 | 1.27 | 1.60 | 1.09 | |||
| Costs (As % Of Assets) | % | 29.6 | 31.4 | 27.9 | 26.0 | 25.9 | |||
| Costs (As % Of Income) | % | 82.6 | 82.4 | 83.4 | 80.4 | 82.0 | |||
| Capital Adequacy Ratio | % | ... | 23.4 | 17.8 | 15.2 | 19.2 | 18.8 | ||
| Net Interest Margin | % | ... | ... | ... | 14.0 | 12.1 | 11.3 | ||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 41.8 | 37.5 | 35.9 | ||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 58.4 | 62.7 | 64.3 | ||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 42.9 | 43.8 | 39.9 | ||
| Equity (As % Of Assets) | % | 21.5 | 18.0 | 28.2 | 28.8 | 23.1 | |||
| Loans (As % Of Deposits) | % | 130 | 131 | 122 | 154 | 145 | |||
| Loans (As % Assets) | % | 78.9 | 75.7 | 62.7 | 69.7 | 69.9 | |||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 3.98 | 4.60 | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 142 | 107 | ||
| valuation | |||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | 800 | 1,000 | 1,400 | 2,250 | 2,250 | ||
| Number Of Shares (Average) | mil | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |||
| Share Price (End Of Period) | NOK | ... | 5,203 | 6,426 | 10,922 | 18,992 | 20,390 | ||
| Earnings Per Share (EPS) | 24.0 | 54.1 | 75.2 | 127 | 113 | ||||
| Book Value Per Share | 779 | 832 | 2,029 | 2,519 | 2,792 | ||||
| Dividend Per Share | 0 | 0 | 0 | 0 | 0 | ||||
| Price/Earnings (P/E) | ... | 217 | 119 | 145 | 149 | 180 | |||
| Price/Book Value (P/BV) | ... | 6.68 | 7.72 | 5.38 | 7.54 | 7.30 | |||
| Dividend Yield | % | ... | 0 | 0 | 0 | 0 | 0 | ||
| Earnings Per Share Growth | % | ... | -52.9 | 126 | 39.0 | 69.1 | -11.0 | ||
| Book Value Per Share Growth | % | ... | 42.2 | 6.86 | 144 | 24.1 | 10.8 |
| income statement | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||
| Interest Income | SEK mil | ... | ... | ... | 923 | 1,053 | 1,283 | ||
| Interest Cost | SEK mil | ... | ... | ... | 94.3 | 84.7 | 102 | ||
| Net Interest Income | SEK mil | ... | ... | ... | 828 | 968 | 1,181 | ||
| Net Fee Income | SEK mil | ... | ... | ... | 1,156 | 1,618 | 2,115 | ||
| Other Income | SEK mil | ... | ... | ... | -4.31 | -4.31 | -6.69 | ||
| Total Revenues | SEK mil | 1,170 | 1,572 | 1,980 | 2,582 | 3,290 | |||
| Staff Cost | SEK mil | ... | ... | ... | 708 | 908 | 1,077 | ||
| Depreciation | SEK mil | ... | ... | ... | 98.0 | 104 | 113 | ||
| Other Cost | SEK mil | ... | ... | ... | 845 | 1,064 | 1,508 | ||
| Operating Cost | SEK mil | 967 | 1,295 | 1,651 | 2,076 | 2,698 | |||
| Operating Profit | SEK mil | 203 | 277 | 329 | 505 | 592 | |||
| Provisions | SEK mil | 172 | 210 | 228 | 335 | 424 | |||
| Extra and Other Cost | SEK mil | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | SEK mil | 31.6 | 66.8 | 101 | 170 | 168 | |||
| Tax | SEK mil | 7.67 | 12.7 | 26.0 | 42.7 | 54.8 | |||
| Net Profit | SEK mil | 24.0 | 54.1 | 75.2 | 127 | 113 | |||
| Dividends | SEK mil | 0 | 0 | 0 | 0 | 0 | |||
| growth rates | |||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | 16.9 | 21.9 | ||
| Net Fee Income Growth | % | ... | ... | ... | ... | 39.9 | 30.8 | ||
| Total Revenue Growth | % | ... | 56.0 | 34.3 | 26.0 | 30.4 | 27.4 | ||
| Operating Cost Growth | % | ... | 74.4 | 33.9 | 27.5 | 25.8 | 29.9 | ||
| Operating Profit Growth | % | ... | 3.77 | 36.2 | 19.0 | 53.4 | 17.1 | ||
| Pre-Tax Profit Growth | % | ... | -53.8 | 111 | 51.8 | 67.7 | -1.22 | ||
| Net Profit Growth | % | ... | -52.9 | 126 | 39.0 | 69.1 | -11.0 |
| balance sheet | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||||||
| Cash | SEK mil | ... | ... | ... | 0.015 | 0.055 | 0.040 | ||
| Interbank Loans | SEK mil | 460 | 613 | 756 | 500 | 1,235 | |||
| Customer Loans | SEK mil | 2,860 | 3,501 | 4,513 | 6,104 | 8,450 | |||
| Debt Securities | SEK mil | ... | ... | ... | 500 | 790 | 942 | ||
| Fixed Assets | SEK mil | ... | ... | ... | 1,330 | 1,245 | 1,267 | ||
| Total Assets | SEK mil | 3,627 | 4,624 | 7,195 | 8,755 | 12,085 | |||
| Shareholders' Equity | SEK mil | 779 | 832 | 2,029 | 2,519 | 2,792 | |||
| Of Which Minority Interest | SEK mil | 0 | 0 | 0 | 0 | 0 | |||
| Liabilities | SEK mil | 2,848 | 3,792 | 5,166 | 6,236 | 9,293 | |||
| Interbank Borrowing | SEK mil | 75.7 | 168 | 386 | 709 | 755 | |||
| Customer Deposits | SEK mil | 2,203 | 2,680 | 3,705 | 3,959 | 5,839 | |||
| Retail Deposits | SEK mil | ... | ... | ... | 3,343 | 3,514 | 5,301 | ||
| Corporate Deposits | SEK mil | ... | ... | ... | 362 | 445 | 539 | ||
| Issued Debt Securities | SEK mil | ... | ... | ... | ... | ... | ... | ||
| Other Liabilities | SEK mil | ... | ... | ... | ... | ... | ... | ||
| asset quality | |||||||||
| Non-Performing Loans | SEK mil | ... | ... | ... | ... | 258 | 409 | ||
| Gross Loans | SEK mil | ... | 3,046 | 3,718 | 4,748 | 6,470 | 8,887 | ||
| Total Provisions | SEK mil | ... | 185 | 218 | 234 | 366 | 437 | ||
| growth rates | |||||||||
| Customer Loan Growth | % | ... | 34.7 | 22.4 | 28.9 | 35.2 | 38.4 | ||
| Total Asset Growth | % | ... | 24.5 | 27.5 | 55.6 | 21.7 | 38.0 | ||
| Shareholders' Equity Growth | % | ... | 42.2 | 6.86 | 144 | 24.1 | 10.8 | ||
| Customer Deposit Growth | % | ... | 17.6 | 21.6 | 38.2 | 6.87 | 47.5 | ||
| Retail Deposit Growth | % | ... | ... | ... | ... | 5.11 | 50.8 | ||
| Corporate Deposit Growth | % | ... | ... | ... | ... | 23.1 | 21.0 |
| ratios | Unit | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||||||
| ROE | % | 3.61 | 6.72 | 5.26 | 5.59 | 4.26 | |||
| ROA | % | 0.733 | 1.31 | 1.27 | 1.60 | 1.09 | |||
| Costs (As % Of Assets) | % | 29.6 | 31.4 | 27.9 | 26.0 | 25.9 | |||
| Costs (As % Of Income) | % | 82.6 | 82.4 | 83.4 | 80.4 | 82.0 | |||
| Capital Adequacy Ratio | % | ... | 23.4 | 17.8 | 15.2 | 19.2 | 18.8 | ||
| Tier 1 Ratio | % | ... | 23.4 | 17.8 | 15.2 | 19.2 | 15.9 | ||
| Net Interest Margin | % | ... | ... | ... | 14.0 | 12.1 | 11.3 | ||
| Interest Spread | % | ... | ... | ... | 13.5 | 11.7 | 11.0 | ||
| Asset Yield | % | ... | ... | ... | 15.6 | 13.2 | 12.3 | ||
| Cost Of Liabilities | % | ... | ... | ... | 2.10 | 1.48 | 1.32 | ||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | |||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 41.8 | 37.5 | 35.9 | ||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 58.4 | 62.7 | 64.3 | ||
| Other Income (As % Of Revenues) | % | ... | ... | ... | -0.218 | -0.167 | -0.203 | ||
| Cost Per Employee | USD per month | ... | ... | ... | 8,156 | 8,680 | 8,242 | ||
| Cost Per Employee (Local Currency) | SEK per month | ... | ... | ... | 58,017 | 70,486 | 72,126 | ||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 42.9 | 43.8 | 39.9 | ||
| Equity (As % Of Assets) | % | 21.5 | 18.0 | 28.2 | 28.8 | 23.1 | |||
| Loans (As % Of Deposits) | % | 130 | 131 | 122 | 154 | 145 | |||
| Loans (As % Assets) | % | 78.9 | 75.7 | 62.7 | 69.7 | 69.9 | |||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 3.98 | 4.60 | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 142 | 107 | ||
| Provisions (As % Of Loans) | % | ... | 6.48 | 6.22 | 5.20 | 5.99 | 5.17 | ||
| Cost of Provisions (As % Of Loans) | % | 6.89 | 6.60 | 5.69 | 6.32 | 5.82 |
Get all company financials in excel:
By Helgi Library - November 21, 2019
Klarna Group stock traded at NOK 45,142 per share at the end of 2018 implying a market capitalization of USD 5,500 mil. Since the end of 2013, the stock has appreciated by 603 % implying an annual average growth of 47.7 %. In absolute terms, the value of the company ...
By Helgi Library - July 4, 2019
Klarna Group's capital adequacy ratio reached 15.0% at the end of 2018, down from 18.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 23.4% in 2012 and an all time low of 15.0% in 2018. The Tier 1 ratio amounted...
By Helgi Library - July 4, 2019
Klarna Group's capital adequacy ratio reached 15.0% at the end of 2018, down from 18.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 23.4% in 2012 and an all time low of 15.0% in 2018. The Tier 1 ratio amounted...
By Helgi Library - July 4, 2019
Klarna Group made a net profit of SEK 103 mil under revenues of SEK 5,450 mil in 2018, up -70.0% and 31.1% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of SEK 345 mil in 2017 and an all time low of SEK 24.0 ...
By Helgi Library - July 4, 2019
Klarna Group made a net profit of SEK 103 mil under revenues of SEK 5,450 mil in 2018, up -70.0% and 31.1% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of SEK 345 mil in 2017 and an all time low of SEK 24.0 ...
By Helgi Library - July 4, 2019
Klarna Group's net interest margin amounted to 7.63% in 2018, down from 9.34% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 14.0% in 2014 and an all time low of 7.63% in 2018. The average margin ...
By Helgi Library - July 4, 2019
Klarna Group's net interest margin amounted to 7.63% in 2018, down from 9.34% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 14.0% in 2014 and an all time low of 7.63% in 2018. The average margin ...
By Helgi Library - July 4, 2019
Klarna Group generated total banking revenues of SEK 5,450 mil in 2018, up 31.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of SEK 5,450 mil in 2018 and an ...
By Helgi Library - July 4, 2019
Klarna Group generated total banking revenues of SEK 5,450 mil in 2018, up 31.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of SEK 5,450 mil in 2018 and an ...
By Helgi Library - July 4, 2019
Klarna Group's customer loan growth reached 44.0% in 2018, down from 64.2% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 64.2% in 2017 and an all time low of 22.4% in 2013. In the last decade, the average...
Klarna Group has been growing its revenues and asset by 28.3% and 47.7% a year on average in the last 3 years. Its loans and deposits have grown by 48.5% and 54.4% a year during that time and loans to deposits ratio reached 137% at the end of 2018. The company achieved an average return on equity of 5.45% in the last three years with net profit growing -6.69% a year on average. In terms of operating efficiency, its cost to income ratio reached 82.7% in 2018, compared to 80.0% average in the last three years.
Equity represented 17.2% of total assets or 24.2% of loans at the end of 2018. Klarna Group's non-performing loans were 3.12% of total loans while provisions covered some 144% of NPLs at the end of 2018.
Klarna Group stock traded at NOK 45,142 per share at the end of 2018 resulting in a market capitalization of USD 5,500 mil. Over the previous five years, stock price rose by 603% or 47.7% a year on average. That’s compared to an average ROE of 5.44% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 437x and price to book value (PBV) of 9.32x in 2018.
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