View ValuationAL Sydbank 将来の成長Future 基準チェック /36AL Sydbank利益と収益がそれぞれ年間18.1%と9.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に14.4% 21.8%なると予測されています。主要情報18.1%収益成長率21.78%EPS成長率Banks 収益成長8.2%収益成長率9.3%将来の株主資本利益率14.36%アナリストカバレッジLow最終更新日12 May 2026今後の成長に関する最新情報Price Target Changed • Feb 20Price target increased by 8.8% to kr.667Up from kr.613, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr.550. Stock is up 32% over the past year. The company is forecast to post earnings per share of kr.31.60 for next year compared to kr.51.10 last year.Major Estimate Revision • Feb 01Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr.6.92b to kr.7.09b. EPS estimate fell from kr.49.62 to kr.43.27 per share. Net income forecast to grow 49% next year vs 7.5% growth forecast for Banks industry in Denmark. Consensus price target broadly unchanged at kr.618. Share price was steady at kr.572 over the past week.お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank A/S revised earnings guidance for the year 2025. The Board of Directors decided this evening that Bankdata will be the future provider of IT solutions for AL Sydbank A/S. The exit from BEC is subject to payment of an exit fee, which, as a result of the speed of the merger process, is payable already in December 2025 (previously expected in 2026). Consequently profit for the year after tax is now projected to be in the range of DKK 1,700 million - DKK 1,900 million compared to a previously expected range of DKK 2,400 million - DKK 2,600 million.分析記事 • Nov 01kr.620 - That's What Analysts Think Sydbank A/S (CPH:SYDB) Is Worth After These ResultsIt's been a good week for Sydbank A/S ( CPH:SYDB ) shareholders, because the company has just released its latest...お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank A/S clarified earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,400 million - DKK 2,600 million compared to a previously expected range of DKK 2,200 million - DKK 2,600 million .お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank A/S provided earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,200 million -2,600 million.すべての更新を表示Recent updatesライブニュース • May 27AL Sydbank Unveils DKK 1.1b Share Buyback to Return Capital to ShareholdersAL Sydbank has launched a DKK 1.1b share buyback programme running from 2 March 2026 to 31 January 2027, with the aim of reducing its share capital and returning capital to shareholders. The bank is executing the buyback under applicable EU regulations, and presents it as part of its broader capital management approach. Recent activity includes repurchases of 36,000 shares in weeks 17 and 20 and 43,000 shares in week 21, bringing total own shares held to 605,738, equal to 0.68% of the share capital. The size and structure of the buyback underline management’s focus on capital efficiency and per-share metrics, within the regulatory framework that applies to European banks. Investors may want to pay close attention to how the programme interacts with dividend policy, credit quality and overall balance sheet strength as it progresses.Reported Earnings • May 07First quarter 2026 earnings released: EPS: kr.9.00 (vs kr.12.34 in 1Q 2025)First quarter 2026 results: EPS: kr.9.00. Revenue: kr.2.90b (up 65% from 1Q 2025). Net income: kr.775.0m (up 23% from 1Q 2025). Profit margin: 27% (down from 36% in 1Q 2025). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Europe.お知らせ • Mar 20+ 1 more updateAL Sydbank A/S Announces Board AppointmentsAL Sydbank A/S at its AGM held on March 19, 2026 announced that Karsten Dybvad and Aksel Bjørn Møller were elected as new board members.Upcoming Dividend • Mar 15Upcoming dividend of kr.25.00 per shareEligible shareholders must have bought the stock before 20 March 2026. Payment date: 24 March 2026. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (5.6%).Declared Dividend • Mar 01Dividend reduced to kr.25.00Dividend of kr.25.00 is 7.0% lower than last year. Ex-date: 20th March 2026 Payment date: 24th March 2026 Dividend yield will be 4.4%, which is lower than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (71% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 26Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr.35.03 (down from kr.51.10 in FY 2024). Revenue: kr.8.36b (up 16% from FY 2024). Net income: kr.1.83b (down 33% from FY 2024). Profit margin: 22% (down from 38% in FY 2024). Cost-to-income ratio: 50.0% (up from 44.2% in FY 2024). Non-performing loans: 2.02% (up from 1.65% in FY 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Feb 25+ 1 more updateAL Sydbank A/S (CPSE:ALSYDB) announces an Equity Buyback for DKK 1,100 million worth of its shares.Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to DKK 1,100 million worth of its shares. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The purpose of the program is to reduce the share capital of the company, optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2027.Price Target Changed • Feb 20Price target increased by 8.8% to kr.667Up from kr.613, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr.550. Stock is up 32% over the past year. The company is forecast to post earnings per share of kr.31.60 for next year compared to kr.51.10 last year.Major Estimate Revision • Feb 01Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr.6.92b to kr.7.09b. EPS estimate fell from kr.49.62 to kr.43.27 per share. Net income forecast to grow 49% next year vs 7.5% growth forecast for Banks industry in Denmark. Consensus price target broadly unchanged at kr.618. Share price was steady at kr.572 over the past week.分析記事 • Dec 14Industry Analysts Just Made A Stunning Upgrade To Their AL Sydbank A/S (CPH:ALSYDB) Revenue ForecastsCelebrations may be in order for AL Sydbank A/S ( CPH:ALSYDB ) shareholders, with the analysts delivering a significant...お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank A/S revised earnings guidance for the year 2025. The Board of Directors decided this evening that Bankdata will be the future provider of IT solutions for AL Sydbank A/S. The exit from BEC is subject to payment of an exit fee, which, as a result of the speed of the merger process, is payable already in December 2025 (previously expected in 2026). Consequently profit for the year after tax is now projected to be in the range of DKK 1,700 million - DKK 1,900 million compared to a previously expected range of DKK 2,400 million - DKK 2,600 million.お知らせ • Dec 05Sydbank A/S Approves Board ChangesAt Sydbank's extraordinary general meeting on 4 December 2025 where the merger of Sydbank A/S, Aktieselskabet Arbejdernes Landsbank and Vestjysk Bank A/S was approved, the following new board members were elected to the Board of Directors: Claus Jensen, Trade Union President, the Danish Metal Workers' Union; Caroline Søeborg Ahlefeldt-Laurvig-Bille, Investment Director; Henning Egon Josefsen Overgaard, Trade Union President, the United Federation of Danish Workers (3F); and Christian Riewe, Attorney-at-Law and Partner, Law Firm Bjørst. After the extraordinary general meeting the Board of Directors elected Ellen Trane Nørby as Chair and Claus Jensen as Vice Chair. Consequently the Board of Directors consists of the following members: Ellen Trane Nørby (Chair), Claus Jensen (Vice Chair), Søren Holm, Janne Moltke-Leth, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Caroline Søeborg Ahlefeldt-Laurvig-Bille, Henning Egon Josefsen Overgaard, Christian Riewe as well as the following 4 members elected by the employees: Jarl Oxlund, Jørn Krogh Sørensen, Carsten Andersen and Pia Wrang.分析記事 • Nov 01kr.620 - That's What Analysts Think Sydbank A/S (CPH:SYDB) Is Worth After These ResultsIt's been a good week for Sydbank A/S ( CPH:SYDB ) shareholders, because the company has just released its latest...お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank A/S clarified earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,400 million - DKK 2,600 million compared to a previously expected range of DKK 2,200 million - DKK 2,600 million .Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: kr.14.18 (vs kr.14.31 in 3Q 2024)Third quarter 2025 results: EPS: kr.14.18 (down from kr.14.31 in 3Q 2024). Revenue: kr.937.0m (down 49% from 3Q 2024). Net income: kr.710.0m (down 6.2% from 3Q 2024). Profit margin: 76% (up from 41% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 27+ 1 more updateSydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion.Sydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion on October 27, 2025. The consideration consists of 3.3 million common equity of Sydbank A/S at a ratio of 100.52 per common equity of Vestjysk Bank A/S. A cash consideration of DKK 590 million valued at DKK 1.78 per share will be paid by Sydbank A/S. In a related transaction Sydbank A/S entered into an agreement to acquire A/S Arbejdernes Landsbank. The merger will be completed by three banks merge with Sydbank as the continuing legal entity under the brand “AL Sydbank A/S”. After completion of transaction Arbejdernes Landsbank shareholders will hold 39% stake, Sydbank's current shareholders will hold 57.15% stake and Vestjysk Bank's minority shareholders will hold 3.85% stake in AL Sydbank. In connection with this, Vestjysk Bank's shares will be delisted from Nasdaq Copenhagen, while the newly issued shares in AL Sydbank will be admitted to trading and official listing immediately after registration. At the time of the merger, the Executive Management of AL Sydbank will consist of Mark Luscombe (CEO), Frank Mortensen (Deputy CEO), Jørn Adam Møller, Stig Westergaard, Peter Hupfeld, Svend Randers and Gry Bandholm. After the merger and until the next annual general meeting and meeting of the General Assembly, the Board of Directors of AL Sydbank will consist of Ellen Trane Nørby (Chair), Claus Jensen (Vice-Chair), Søren Holm, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Janne Burkard Moltke-Leth, Henning Overgaard, Caroline Søeborg Ahlefeldt and Christian Riewe. In addition, there will be 4 employee-elected members from Sydbank. Completion of the merger is conditional upon: adoption of shareholders at the general meetings of Sydbank and Vestjysk Bank, approval by the Danish Financial Supervisory Authority pursuant to section 204 of the Danish Financial Business Act, and approval by the Danish competition authorities on terms satisfactory to the Boards of Directors of the merging banks. The Boards of Sydbank and Vestjysk Bank unanimously recommend the shareholders to vote in favor of the merger. Upon completion of the merger, registration with the Danish Business Authority is expected in December 2025. The merger is expected to be finalized in December 2025. SEB Corporate Finance, Denmark, filial af Skandinaviska Enskilda Banken acted as financial advisor for Sydbank A/S. Gorrissen Federspiel Advokatpartnerselskab acted as legal advisor for Sydbank A/S. Deloitte Corporate Finance Denmark acted as financial advisor for the minority shareholders of Vestjysk Bank A/S. Accura Advokataktieselskab acted as legal advisor for the minority shareholders of Vestjysk Bank A/S.Reported Earnings • Aug 28Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: kr.10.90 (down from kr.13.98 in 2Q 2024). Revenue: kr.1.65b (down 13% from 2Q 2024). Net income: kr.550.0m (down 27% from 2Q 2024). Profit margin: 33% (down from 40% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank A/S provided earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,200 million -2,600 million.New Risk • Aug 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Aug 27+ 4 more updatesSydbank A/S, Annual General Meeting, Mar 19, 2026Sydbank A/S, Annual General Meeting, Mar 19, 2026.Price Target Changed • Aug 10Price target increased by 11% to kr.540Up from kr.485, the current price target is an average from 2 analysts. New target price is 9.0% above last closing price of kr.495. Stock is up 46% over the past year. The company is forecast to post earnings per share of kr.48.98 for next year compared to kr.51.10 last year.Price Target Changed • Jun 26Price target increased by 11% to kr.515Up from kr.465, the current price target is provided by 1 analyst. New target price is 18% above last closing price of kr.437. Stock is up 18% over the past year. The company is forecast to post earnings per share of kr.48.87 for next year compared to kr.51.10 last year.Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: kr.12.30 (down from kr.15.55 in 1Q 2024). Revenue: kr.1.75b (down 11% from 1Q 2024). Net income: kr.632.0m (down 26% from 1Q 2024). Profit margin: 36% (down from 43% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 23% per year.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.363, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Denmark. Total returns to shareholders of 87% over the past three years.Upcoming Dividend • Mar 14Upcoming dividend of kr.26.88 per shareEligible shareholders must have bought the stock before 21 March 2025. Payment date: 25 March 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Danish dividend payers (5.6%). In line with average of industry peers (6.5%).Declared Dividend • Feb 28Dividend reduced to kr.26.88Dividend of kr.26.88 is 12% lower than last year. Ex-date: 21st March 2025 Payment date: 25th March 2025 Dividend yield will be 6.1%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (53% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 28Sydbank A/S announces Annual dividend, payable on March 25, 2025Sydbank A/S announced Annual dividend of DKK 26.8800 per share payable on March 25, 2025, ex-date on March 21, 2025 and record date on March 24, 2025.Reported Earnings • Feb 27Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: kr.50.90 (down from kr.58.95 in FY 2023). Revenue: kr.6.95b (down 7.8% from FY 2023). Net income: kr.2.76b (down 16% from FY 2023). Profit margin: 40% (down from 44% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 26Price target increased by 9.1% to kr.450Up from kr.413, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr.451. Stock is up 27% over the past year. The company is forecast to post earnings per share of kr.51.49 for next year compared to kr.58.95 last year.お知らせ • Feb 26Sydbank A/S (CPSE:SYDB) announces an Equity Buyback for 5,400,000 shares, for DKK 1,350 million.Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to 5,400,000 shares for DKK 1,350 million. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The purpose of the program is to reduce the share capital of the company, optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2026.お知らせ • Feb 20Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025After a decade on Sydbank A/S’s Board of Directors, Chairman Lars Mikkelgaard-Jensen has decided to resign from the Board of Directors. Lars Mikkelgaard-Jensen is not up for re-election for the Board of Directors. Following the successful CEO succession in 2024 as well as the determination of the Bank’s new strategy, Lars Mikkelgaard-Jensen has decided that now is a good time to stop and he will resign in connection with the Annual General Meeting on 20 March 2025. The Board of Directors will elect its new Chairman at the subsequent Shareholders’ Committee meeting which will be held on the same day. Lars Mikkelgaard-Jensen has been a member of Sydbank’s Board of Directors since April 2015 and he was elected Chairman in September 2019.お知らせ • Dec 19Sydbank A/S Revises Earnings Guidance for the Year 2024Sydbank A/S revised earnings guidance for the year 2024. For the year, the company announced as a result of a major restructuring of Better Energy there is a risk of impairment charges in the region of DKK 450 million. As a consequence of this, profit after tax is expected to be in the range of DKK 2,700 million to DKK 2,900 million compared to DKK 2,800 million to DKK 3,100 million as previously announced.Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: kr.14.30 (down from kr.16.11 in 3Q 2023). Revenue: kr.1.84b (down 4.7% from 3Q 2023). Net income: kr.767.0m (down 15% from 3Q 2023). Profit margin: 42% (down from 47% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%. Revenue is expected to fall by 3.1% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Aug 27Independent Director recently bought kr.340k worth of stockOn the 21st of August, Soren Holm bought around 1k shares on-market at roughly kr.340 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.940k more in shares than they have sold in the last 12 months.お知らせ • Aug 23Sydbank A/S, Annual General Meeting, Mar 20, 2025Sydbank A/S, Annual General Meeting, Mar 20, 2025.Reported Earnings • Aug 22Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: kr.13.98 (up from kr.13.24 in 2Q 2023). Revenue: kr.1.88b (up 3.0% from 2Q 2023). Net income: kr.753.0m (flat on 2Q 2023). Profit margin: 40% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 22Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: kr.13.98 (up from kr.13.24 in 2Q 2023). Revenue: kr.1.88b (up 3.0% from 2Q 2023). Net income: kr.753.0m (flat on 2Q 2023). Profit margin: 40% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 21+ 3 more updatesSydbank A/S to Report Fiscal Year 2024 Results on Feb 26, 2025Sydbank A/S announced that they will report fiscal year 2024 results at 8:30 AM, Central European Standard Time on Feb 26, 2025Price Target Changed • Jun 13Price target increased by 10% to kr.440Up from kr.400, the current price target is provided by 1 analyst. New target price is 22% above last closing price of kr.359. Stock is up 10% over the past year. The company is forecast to post earnings per share of kr.57.32 for next year compared to kr.58.95 last year.お知らせ • Jun 13Sydbank A/S Revises Earnings Guidance for 2024Sydbank A/S revised earnings guidance for 2024. For the period, Expectations are revised upwards to a profit after tax in the range of DKK 2,800 million -3,100 million. When the interim report for First Quarter 2024 was published on 1 May 2024 profit for the year after tax was expected to be in the range of DKK 2,500 million -2,900 million. The upward revision is based on the fact that the development in the core income has been more favourable than anticipated and moreover the robustness of the Danish economy remains impressive considering the interest rate level.お知らせ • May 22Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million.Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million on May 21, 2024. The consideration consists of payment of the value of the equity at the date of acquisition plus DKK 89 million. Following the acquisition, Coop Bank will become a wholly owned subsidiary of Sydbank A/S. The transaction is subject to approval of Danish financial supervisory authority and Danish Competition and Consumer Authority and is expected to be closed on July 31, 2024.Reported Earnings • May 01First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: kr.15.50 (up from kr.12.75 in 1Q 2023). Revenue: kr.1.96b (up 9.2% from 1Q 2023). Net income: kr.858.0m (up 19% from 1Q 2023). Profit margin: 44% (up from 40% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 27Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK).Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024. Sydbank has increased its ownership in Fynske Bank to more than 20% of the shares.Sydbank A/S (CPSE:SYDB) completed the acquisition of unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024.お知らせ • Mar 22+ 1 more updateSydbank A/S to Distribute Dividend for the Year 2023Sydbank A/S announced that at its AGM held on March 21, 2024, the company will distribute DKK 30.56 per share as dividend to the shareholders.Upcoming Dividend • Mar 15Upcoming dividend of kr.30.56 per shareEligible shareholders must have bought the stock before 22 March 2024. Payment date: 26 March 2024. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of Danish dividend payers (5.4%). Higher than average of industry peers (6.4%).Declared Dividend • Mar 07Dividend of kr.30.56 announcedShareholders will receive a dividend of kr.30.56. Ex-date: 22nd March 2024 Payment date: 26th March 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.379, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Denmark. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.642 per share.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: kr.58.80 (vs kr.32.35 in FY 2022)Full year 2023 results: EPS: kr.58.80 (up from kr.32.35 in FY 2022). Revenue: kr.7.46b (up 34% from FY 2022). Net income: kr.3.34b (up 80% from FY 2022). Profit margin: 45% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 25Sydbank A/S Provides Earnings Guidance for 2024Sydbank A/S provided earnings guidance for 2024. For the period, the company expects profit after tax in the range of DKK 2,500 to 2,900m.お知らせ • Dec 21Sydbank A/S to Revises Earnings Expectations Upwards as for 2023Sydbank A/S revise earnings expectations upwards as regards profit for 2023. For the period, the company expects Profit after tax to be in the range of DKK 3,200 million - DKK 3,350 million as compared to be in the range of DKK 3,000 million - DKK 3,200 million expected previously.Price Target Changed • Dec 13Price target decreased by 7.9% to kr.410Down from kr.445, the current price target is an average from 2 analysts. New target price is 44% above last closing price of kr.286. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of kr.57.54 for next year compared to kr.32.35 last year.お知らせ • Dec 07Sydbank A/S Announces Management ChangesSydbank A/S announced change in the composition of Sydbank’s Group Executive Management. The position of Deputy Group Chief Executive with responsibility for Credits and Compliance etc. is handed over to a new member of the Group Executive Management from the Bank’s own ranks. Member of the Group Executive Management and Deputy Group Chief Executive Bjarne Larsen resigns from his position in this connection. Sydbank’s current Group Executive Vice President, Credits, Stig Westergaard, is appointed as Deputy Group Chief Executive with responsibility for Credits and Compliance etc. The Board of Directors has decided to change the composition of the Group Executive Management. The changes are effective immediately. Stig Westergaard is a trained lawyer and has been employed with Sydbank for 20 years. He has been responsible for the Legal Department, Compliance and most recently Credits. Stig Westergaard is 56 years old, married, and the father of three children. The family lives in Kolding. Sydbank’s Group Executive Management thus consists of CEO Karen Frøsig, Deputy Group Chief Executive Jørn Adam Møller and Deputy Group Chief Executive Stig Westergaard. As previously announced by Sydbank, Mark Luscombe will join Sydbank as Deputy Group Chief Executive on 1 April 2024 with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires.Reported Earnings • Nov 02Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: kr.16.10 (up from kr.7.45 in 3Q 2022). Revenue: kr.1.93b (up 50% from 3Q 2022). Net income: kr.914.0m (up 114% from 3Q 2022). Profit margin: 48% (up from 33% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 02Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects Core income is expected to be higher than in 2022. Impairment charges are forecast to represent a minor expense. Profit after tax is now expected to be in the range of DKK 3,000 million to 3,200 million.お知らせ • Oct 05Sydbank Announces Executive ChangesOn 29 September 2023, Sydbank announced that Karen Frøsig, its CEO of 13 years, wishes to retire. On 2 October 2023 the company announced that on 1 April 2024 Mark Luscombe will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Mark Luscombe comes from a position as Country Manager at SEB in Denmark. Mark Luscombe and his extensive experience from Citibank and SEB, where Mark Luscombe is currently Country Manager, represents all of that and therefore he can continue to work on strengthening Sydbank’s brand as the preferred bank of the corporate sector and on perfecting the Bank's offers to retail clients looking for professional advice. In connection with Sydbank’s appointment of Mark Luscombe, he was considered fit and proper by the Danish Financial Supervisory Authority as CEO. Mark Luscombe is an employee of SEB until 31 March 2024 and consequently further comments will not be provided at this time. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management.お知らせ • Oct 01Sydbank A/S Announces Retirement of Karen Frøsig, CEOSydbank A/S announced that Karen Frøsig, CEO, has notified the Board of Directors that she wishes to retire in 2024. Karen Frøsig has been with Sydbank since 1994. First as Chief Legal Adviser and since 2008 as a member of the Group Executive Management. She has held the position of CEO since 2010. The Board of Directors has therefore worked on finding her successor and her replacement has been found. On 1 April 2024 the future CEO will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management.お知らせ • Sep 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank A/S revised earnings guidance for the year 2023. For the period, the company's expectations are revised upwards to a profit after tax in the range of DKK 2,900 million - DKK 3,200 million. In Company Announcement 12 on 14 June 2023 the company expected a profit after tax in the range of DKK 2,600 million - DKK 2,900 million for 2023.お知らせ • Aug 24+ 4 more updatesSydbank A/S to Report Nine Months, 2024 Results on Oct 30, 2024Sydbank A/S announced that they will report nine months, 2024 results on Oct 30, 2024お知らせ • Aug 23Sydbank A/S Provides Earnings Outlook for the Year 2023Sydbank A/S provided earnings outlook for the year 2023. For the period, the company expects Core income is expected to be higher than in 2022. Costs (core earnings) are projected to be higher than in 2022. Profit after tax is expected to be in the range of DKK 2,600-2,900 million.Reported Earnings • Aug 23Second quarter 2023 earnings released: EPS: kr.13.25 (vs kr.5.09 in 2Q 2022)Second quarter 2023 results: EPS: kr.13.25 (up from kr.5.09 in 2Q 2022). Revenue: kr.1.83b (up 53% from 2Q 2022). Net income: kr.769.0m (up 161% from 2Q 2022). Profit margin: 42% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 43% per year.お知らせ • Jul 18Sydbank A/S (CPSE:SYDB) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 23, 2023.Sydbank A/S (CPSE:SYDB) commences share repurchases on July 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the company's share capital. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The plan is valid till the next annual general meeting. On July 6, 2023, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 4,000,000 shares for DKK 600 million. The repurchase will commence on July 10, 2023. The purpose of the program is to optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2024.Price Target Changed • Jul 04Price target increased by 7.3% to kr.427Up from kr.398, the current price target is an average from 3 analysts. New target price is 35% above last closing price of kr.317. Stock is up 51% over the past year. The company is forecast to post earnings per share of kr.52.19 for next year compared to kr.32.35 last year.お知らせ • Jun 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank A/S revised earnings guidance for the year 2023. The company revised its expectations upwards as regards profit for 2023. Expectations are revised upwards to a profit after tax in the range of DKK 2,600-2,900 million. In Company Announcement 5 on 15 March 2023we announced that it expected a profit after tax in the range of DKK 2,300-2,600 million for 2023.Recent Insider Transactions • May 07Independent Chairman recently bought kr.288k worth of stockOn the 3rd of May, Lars Mikkelgaard-Jensen bought around 1k shares on-market at roughly kr.288 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr.319k. This was Lars' only on-market trade for the last 12 months.Reported Earnings • May 03Full year 2022 earnings released: EPS: kr.32.35 (vs kr.23.18 in FY 2021)Full year 2022 results: EPS: kr.32.35 (up from kr.23.18 in FY 2021). Revenue: kr.5.58b (up 3.4% from FY 2021). Net income: kr.1.86b (up 36% from FY 2021). Profit margin: 33% (up from 25% in FY 2021). The increase in margin was primarily driven by lower expenses. Cost-to-income ratio: 55.5% (down from 67.2% in FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • May 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be kr.360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period.Recent Insider Transactions • Mar 24Independent Director recently bought kr.319k worth of stockOn the 15th of March, Soren Holm bought around 1k shares on-market at roughly kr.319 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.46k more in shares than they have sold in the last 12 months.Major Estimate Revision • Mar 08Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr.6.35b to kr.6.78b. EPS estimate increased from kr.39.17 to kr.45.60 per share. Net income forecast to grow 37% next year vs 37% growth forecast for Banks industry in Denmark. Consensus price target up from kr.338 to kr.388. Share price rose 8.8% to kr.370 over the past week.Recent Insider Transactions • Mar 06Employee Representative Director recently sold kr.273k worth of stockOn the 2nd of March, Jorn Sorensen sold around 779 shares on-market at roughly kr.350 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Price Target Changed • Mar 02Price target increased by 11% to kr.363Up from kr.328, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of kr.362. Stock is up 70% over the past year. The company is forecast to post earnings per share of kr.42.39 for next year compared to kr.32.20 last year.Price Target Changed • Feb 23Price target increased by 8.0% to kr.338Up from kr.313, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of kr.352. Stock is up 66% over the past year. The company is forecast to post earnings per share of kr.31.43 for next year compared to kr.23.18 last year.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Soren Holm was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Jan 24Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects profit after tax in the range of DKK 1,900 million to DKK 2,200 million.Reported Earnings • Nov 04Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: kr.7.40 (up from kr.5.99 in 3Q 2021). Revenue: kr.1.29b (up 4.3% from 3Q 2021). Net income: kr.436.0m (up 23% from 3Q 2021). Profit margin: 34% (up from 29% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.業績と収益の成長予測CPSE:ALSYDB - アナリストの将来予測と過去の財務データ ( )DKK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202813,4995,454N/AN/A412/31/202713,1074,871N/AN/A412/31/202612,5103,836N/AN/A43/31/20269,5061,975-1,935-1,838N/A12/31/20258,3641,8321,7761,860N/A9/30/20256,7722,234-2,895-2,803N/A6/30/20256,8642,3041,0541,140N/A3/31/20257,0502,507340434N/A12/31/20247,2322,723-2,920-2,826N/A9/30/20247,6333,287-10,176-10,083N/A6/30/20247,7233,434-16,225-16,128N/A3/31/20247,6783,429-8,339-8,250N/A12/31/20237,5393,303-2,371-2,279N/A9/30/20237,2113,085-758-678N/A6/30/20236,5742,608-4,298-4,220N/A3/31/20235,9232,152-7,379-7,304N/A12/31/20225,5151,862-9,325-9,253N/A9/30/20225,4861,549-2,687-2,570N/A6/30/20225,4321,4771,5921,712N/A3/31/20225,5371,5311,3941,546N/A12/31/20215,3921,372-1,403-1,250N/A9/30/20215,2301,195-2,698-2,558N/A6/30/20214,9591,077-6,499-6,357N/A3/31/20214,742990-4,106-3,989N/A12/31/20204,309760-1,797-1,687N/A9/30/20203,8347667,0877,073N/A6/30/20203,8707855,3945,376N/A3/31/20203,7557016,3296,300N/A12/31/20193,946853N/A-3,042N/A9/30/20193,884834N/A-16,661N/A6/30/20193,912866N/A-11,591N/A3/31/20193,971925N/A-7,960N/A12/31/20184,1931,161N/A-2,400N/A9/30/20184,3431,280N/A3,813N/A6/30/20184,4461,380N/A-1,010N/A3/31/20184,5941,515N/A-1,496N/A12/31/20174,6471,531N/A1,675N/A9/30/20174,7681,648N/A4,123N/A6/30/20174,7491,645N/A10,827N/A3/31/20174,7161,636N/A3,791N/A12/31/20164,4881,472N/A3,091N/A9/30/20164,3341,344N/A-9,554N/A6/30/20164,2531,261N/A-15,004N/A3/31/20164,1081,127N/A-5,665N/A12/31/20154,1511,148N/A-3,464N/A9/30/20154,0321,056N/A1,710N/A6/30/20154,0631,068N/A6,476N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ALSYDBの予測収益成長率 (年間18.1% ) は 貯蓄率 ( 2% ) を上回っています。収益対市場: ALSYDBの収益 ( 18.1% ) はDanish市場 ( 9.3% ) よりも速いペースで成長すると予測されています。高成長収益: ALSYDBの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ALSYDBの収益 ( 9.3% ) Danish市場 ( 3.9% ) よりも速いペースで成長すると予測されています。高い収益成長: ALSYDBの収益 ( 9.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ALSYDBの 自己資本利益率 は、3年後には低くなると予測されています ( 14.4 %)。成長企業の発掘7D1Y7D1Y7D1YBanks 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 22:19終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋AL Sydbank A/S 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関null nullABG Sundal CollierKristofer Liljeberg-SvenssonCarnegie Investment Bank ABMaria SemikhatovaCitigroup Inc4 その他のアナリストを表示
Price Target Changed • Feb 20Price target increased by 8.8% to kr.667Up from kr.613, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr.550. Stock is up 32% over the past year. The company is forecast to post earnings per share of kr.31.60 for next year compared to kr.51.10 last year.
Major Estimate Revision • Feb 01Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr.6.92b to kr.7.09b. EPS estimate fell from kr.49.62 to kr.43.27 per share. Net income forecast to grow 49% next year vs 7.5% growth forecast for Banks industry in Denmark. Consensus price target broadly unchanged at kr.618. Share price was steady at kr.572 over the past week.
お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank A/S revised earnings guidance for the year 2025. The Board of Directors decided this evening that Bankdata will be the future provider of IT solutions for AL Sydbank A/S. The exit from BEC is subject to payment of an exit fee, which, as a result of the speed of the merger process, is payable already in December 2025 (previously expected in 2026). Consequently profit for the year after tax is now projected to be in the range of DKK 1,700 million - DKK 1,900 million compared to a previously expected range of DKK 2,400 million - DKK 2,600 million.
分析記事 • Nov 01kr.620 - That's What Analysts Think Sydbank A/S (CPH:SYDB) Is Worth After These ResultsIt's been a good week for Sydbank A/S ( CPH:SYDB ) shareholders, because the company has just released its latest...
お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank A/S clarified earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,400 million - DKK 2,600 million compared to a previously expected range of DKK 2,200 million - DKK 2,600 million .
お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank A/S provided earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,200 million -2,600 million.
ライブニュース • May 27AL Sydbank Unveils DKK 1.1b Share Buyback to Return Capital to ShareholdersAL Sydbank has launched a DKK 1.1b share buyback programme running from 2 March 2026 to 31 January 2027, with the aim of reducing its share capital and returning capital to shareholders. The bank is executing the buyback under applicable EU regulations, and presents it as part of its broader capital management approach. Recent activity includes repurchases of 36,000 shares in weeks 17 and 20 and 43,000 shares in week 21, bringing total own shares held to 605,738, equal to 0.68% of the share capital. The size and structure of the buyback underline management’s focus on capital efficiency and per-share metrics, within the regulatory framework that applies to European banks. Investors may want to pay close attention to how the programme interacts with dividend policy, credit quality and overall balance sheet strength as it progresses.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: kr.9.00 (vs kr.12.34 in 1Q 2025)First quarter 2026 results: EPS: kr.9.00. Revenue: kr.2.90b (up 65% from 1Q 2025). Net income: kr.775.0m (up 23% from 1Q 2025). Profit margin: 27% (down from 36% in 1Q 2025). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Europe.
お知らせ • Mar 20+ 1 more updateAL Sydbank A/S Announces Board AppointmentsAL Sydbank A/S at its AGM held on March 19, 2026 announced that Karsten Dybvad and Aksel Bjørn Møller were elected as new board members.
Upcoming Dividend • Mar 15Upcoming dividend of kr.25.00 per shareEligible shareholders must have bought the stock before 20 March 2026. Payment date: 24 March 2026. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (5.6%).
Declared Dividend • Mar 01Dividend reduced to kr.25.00Dividend of kr.25.00 is 7.0% lower than last year. Ex-date: 20th March 2026 Payment date: 24th March 2026 Dividend yield will be 4.4%, which is lower than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (71% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 26Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr.35.03 (down from kr.51.10 in FY 2024). Revenue: kr.8.36b (up 16% from FY 2024). Net income: kr.1.83b (down 33% from FY 2024). Profit margin: 22% (down from 38% in FY 2024). Cost-to-income ratio: 50.0% (up from 44.2% in FY 2024). Non-performing loans: 2.02% (up from 1.65% in FY 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Feb 25+ 1 more updateAL Sydbank A/S (CPSE:ALSYDB) announces an Equity Buyback for DKK 1,100 million worth of its shares.Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to DKK 1,100 million worth of its shares. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The purpose of the program is to reduce the share capital of the company, optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2027.
Price Target Changed • Feb 20Price target increased by 8.8% to kr.667Up from kr.613, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr.550. Stock is up 32% over the past year. The company is forecast to post earnings per share of kr.31.60 for next year compared to kr.51.10 last year.
Major Estimate Revision • Feb 01Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr.6.92b to kr.7.09b. EPS estimate fell from kr.49.62 to kr.43.27 per share. Net income forecast to grow 49% next year vs 7.5% growth forecast for Banks industry in Denmark. Consensus price target broadly unchanged at kr.618. Share price was steady at kr.572 over the past week.
分析記事 • Dec 14Industry Analysts Just Made A Stunning Upgrade To Their AL Sydbank A/S (CPH:ALSYDB) Revenue ForecastsCelebrations may be in order for AL Sydbank A/S ( CPH:ALSYDB ) shareholders, with the analysts delivering a significant...
お知らせ • Dec 10Sydbank A/S Revises Earnings Guidance for the Year 2025Sydbank A/S revised earnings guidance for the year 2025. The Board of Directors decided this evening that Bankdata will be the future provider of IT solutions for AL Sydbank A/S. The exit from BEC is subject to payment of an exit fee, which, as a result of the speed of the merger process, is payable already in December 2025 (previously expected in 2026). Consequently profit for the year after tax is now projected to be in the range of DKK 1,700 million - DKK 1,900 million compared to a previously expected range of DKK 2,400 million - DKK 2,600 million.
お知らせ • Dec 05Sydbank A/S Approves Board ChangesAt Sydbank's extraordinary general meeting on 4 December 2025 where the merger of Sydbank A/S, Aktieselskabet Arbejdernes Landsbank and Vestjysk Bank A/S was approved, the following new board members were elected to the Board of Directors: Claus Jensen, Trade Union President, the Danish Metal Workers' Union; Caroline Søeborg Ahlefeldt-Laurvig-Bille, Investment Director; Henning Egon Josefsen Overgaard, Trade Union President, the United Federation of Danish Workers (3F); and Christian Riewe, Attorney-at-Law and Partner, Law Firm Bjørst. After the extraordinary general meeting the Board of Directors elected Ellen Trane Nørby as Chair and Claus Jensen as Vice Chair. Consequently the Board of Directors consists of the following members: Ellen Trane Nørby (Chair), Claus Jensen (Vice Chair), Søren Holm, Janne Moltke-Leth, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Caroline Søeborg Ahlefeldt-Laurvig-Bille, Henning Egon Josefsen Overgaard, Christian Riewe as well as the following 4 members elected by the employees: Jarl Oxlund, Jørn Krogh Sørensen, Carsten Andersen and Pia Wrang.
分析記事 • Nov 01kr.620 - That's What Analysts Think Sydbank A/S (CPH:SYDB) Is Worth After These ResultsIt's been a good week for Sydbank A/S ( CPH:SYDB ) shareholders, because the company has just released its latest...
お知らせ • Oct 31Sydbank A/S Clarifies Earnings Guidance for the Year 2025Sydbank A/S clarified earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,400 million - DKK 2,600 million compared to a previously expected range of DKK 2,200 million - DKK 2,600 million .
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: kr.14.18 (vs kr.14.31 in 3Q 2024)Third quarter 2025 results: EPS: kr.14.18 (down from kr.14.31 in 3Q 2024). Revenue: kr.937.0m (down 49% from 3Q 2024). Net income: kr.710.0m (down 6.2% from 3Q 2024). Profit margin: 76% (up from 41% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 27+ 1 more updateSydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion.Sydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion on October 27, 2025. The consideration consists of 3.3 million common equity of Sydbank A/S at a ratio of 100.52 per common equity of Vestjysk Bank A/S. A cash consideration of DKK 590 million valued at DKK 1.78 per share will be paid by Sydbank A/S. In a related transaction Sydbank A/S entered into an agreement to acquire A/S Arbejdernes Landsbank. The merger will be completed by three banks merge with Sydbank as the continuing legal entity under the brand “AL Sydbank A/S”. After completion of transaction Arbejdernes Landsbank shareholders will hold 39% stake, Sydbank's current shareholders will hold 57.15% stake and Vestjysk Bank's minority shareholders will hold 3.85% stake in AL Sydbank. In connection with this, Vestjysk Bank's shares will be delisted from Nasdaq Copenhagen, while the newly issued shares in AL Sydbank will be admitted to trading and official listing immediately after registration. At the time of the merger, the Executive Management of AL Sydbank will consist of Mark Luscombe (CEO), Frank Mortensen (Deputy CEO), Jørn Adam Møller, Stig Westergaard, Peter Hupfeld, Svend Randers and Gry Bandholm. After the merger and until the next annual general meeting and meeting of the General Assembly, the Board of Directors of AL Sydbank will consist of Ellen Trane Nørby (Chair), Claus Jensen (Vice-Chair), Søren Holm, Jon Stefansson, Susanne Schou, Brian Østergaard Roed, Janne Burkard Moltke-Leth, Henning Overgaard, Caroline Søeborg Ahlefeldt and Christian Riewe. In addition, there will be 4 employee-elected members from Sydbank. Completion of the merger is conditional upon: adoption of shareholders at the general meetings of Sydbank and Vestjysk Bank, approval by the Danish Financial Supervisory Authority pursuant to section 204 of the Danish Financial Business Act, and approval by the Danish competition authorities on terms satisfactory to the Boards of Directors of the merging banks. The Boards of Sydbank and Vestjysk Bank unanimously recommend the shareholders to vote in favor of the merger. Upon completion of the merger, registration with the Danish Business Authority is expected in December 2025. The merger is expected to be finalized in December 2025. SEB Corporate Finance, Denmark, filial af Skandinaviska Enskilda Banken acted as financial advisor for Sydbank A/S. Gorrissen Federspiel Advokatpartnerselskab acted as legal advisor for Sydbank A/S. Deloitte Corporate Finance Denmark acted as financial advisor for the minority shareholders of Vestjysk Bank A/S. Accura Advokataktieselskab acted as legal advisor for the minority shareholders of Vestjysk Bank A/S.
Reported Earnings • Aug 28Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: kr.10.90 (down from kr.13.98 in 2Q 2024). Revenue: kr.1.65b (down 13% from 2Q 2024). Net income: kr.550.0m (down 27% from 2Q 2024). Profit margin: 33% (down from 40% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 28Sydbank A/S Provides Earnings Guidance for the Year 2025Sydbank A/S provided earnings guidance for the year 2025. For the period, Profit after tax is expected to be in the range of DKK 2,200 million -2,600 million.
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Aug 27+ 4 more updatesSydbank A/S, Annual General Meeting, Mar 19, 2026Sydbank A/S, Annual General Meeting, Mar 19, 2026.
Price Target Changed • Aug 10Price target increased by 11% to kr.540Up from kr.485, the current price target is an average from 2 analysts. New target price is 9.0% above last closing price of kr.495. Stock is up 46% over the past year. The company is forecast to post earnings per share of kr.48.98 for next year compared to kr.51.10 last year.
Price Target Changed • Jun 26Price target increased by 11% to kr.515Up from kr.465, the current price target is provided by 1 analyst. New target price is 18% above last closing price of kr.437. Stock is up 18% over the past year. The company is forecast to post earnings per share of kr.48.87 for next year compared to kr.51.10 last year.
Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: kr.12.30 (down from kr.15.55 in 1Q 2024). Revenue: kr.1.75b (down 11% from 1Q 2024). Net income: kr.632.0m (down 26% from 1Q 2024). Profit margin: 36% (down from 43% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 23% per year.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.363, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Denmark. Total returns to shareholders of 87% over the past three years.
Upcoming Dividend • Mar 14Upcoming dividend of kr.26.88 per shareEligible shareholders must have bought the stock before 21 March 2025. Payment date: 25 March 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Danish dividend payers (5.6%). In line with average of industry peers (6.5%).
Declared Dividend • Feb 28Dividend reduced to kr.26.88Dividend of kr.26.88 is 12% lower than last year. Ex-date: 21st March 2025 Payment date: 25th March 2025 Dividend yield will be 6.1%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (53% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 28Sydbank A/S announces Annual dividend, payable on March 25, 2025Sydbank A/S announced Annual dividend of DKK 26.8800 per share payable on March 25, 2025, ex-date on March 21, 2025 and record date on March 24, 2025.
Reported Earnings • Feb 27Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: kr.50.90 (down from kr.58.95 in FY 2023). Revenue: kr.6.95b (down 7.8% from FY 2023). Net income: kr.2.76b (down 16% from FY 2023). Profit margin: 40% (down from 44% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 26Price target increased by 9.1% to kr.450Up from kr.413, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr.451. Stock is up 27% over the past year. The company is forecast to post earnings per share of kr.51.49 for next year compared to kr.58.95 last year.
お知らせ • Feb 26Sydbank A/S (CPSE:SYDB) announces an Equity Buyback for 5,400,000 shares, for DKK 1,350 million.Sydbank A/S (CPSE:SYDB) announces a share repurchase program. Under the program, the company will repurchase up to 5,400,000 shares for DKK 1,350 million. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The purpose of the program is to reduce the share capital of the company, optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2026.
お知らせ • Feb 20Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025After a decade on Sydbank A/S’s Board of Directors, Chairman Lars Mikkelgaard-Jensen has decided to resign from the Board of Directors. Lars Mikkelgaard-Jensen is not up for re-election for the Board of Directors. Following the successful CEO succession in 2024 as well as the determination of the Bank’s new strategy, Lars Mikkelgaard-Jensen has decided that now is a good time to stop and he will resign in connection with the Annual General Meeting on 20 March 2025. The Board of Directors will elect its new Chairman at the subsequent Shareholders’ Committee meeting which will be held on the same day. Lars Mikkelgaard-Jensen has been a member of Sydbank’s Board of Directors since April 2015 and he was elected Chairman in September 2019.
お知らせ • Dec 19Sydbank A/S Revises Earnings Guidance for the Year 2024Sydbank A/S revised earnings guidance for the year 2024. For the year, the company announced as a result of a major restructuring of Better Energy there is a risk of impairment charges in the region of DKK 450 million. As a consequence of this, profit after tax is expected to be in the range of DKK 2,700 million to DKK 2,900 million compared to DKK 2,800 million to DKK 3,100 million as previously announced.
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: kr.14.30 (down from kr.16.11 in 3Q 2023). Revenue: kr.1.84b (down 4.7% from 3Q 2023). Net income: kr.767.0m (down 15% from 3Q 2023). Profit margin: 42% (down from 47% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%. Revenue is expected to fall by 3.1% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Aug 27Independent Director recently bought kr.340k worth of stockOn the 21st of August, Soren Holm bought around 1k shares on-market at roughly kr.340 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.940k more in shares than they have sold in the last 12 months.
お知らせ • Aug 23Sydbank A/S, Annual General Meeting, Mar 20, 2025Sydbank A/S, Annual General Meeting, Mar 20, 2025.
Reported Earnings • Aug 22Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: kr.13.98 (up from kr.13.24 in 2Q 2023). Revenue: kr.1.88b (up 3.0% from 2Q 2023). Net income: kr.753.0m (flat on 2Q 2023). Profit margin: 40% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 22Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: kr.13.98 (up from kr.13.24 in 2Q 2023). Revenue: kr.1.88b (up 3.0% from 2Q 2023). Net income: kr.753.0m (flat on 2Q 2023). Profit margin: 40% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 21+ 3 more updatesSydbank A/S to Report Fiscal Year 2024 Results on Feb 26, 2025Sydbank A/S announced that they will report fiscal year 2024 results at 8:30 AM, Central European Standard Time on Feb 26, 2025
Price Target Changed • Jun 13Price target increased by 10% to kr.440Up from kr.400, the current price target is provided by 1 analyst. New target price is 22% above last closing price of kr.359. Stock is up 10% over the past year. The company is forecast to post earnings per share of kr.57.32 for next year compared to kr.58.95 last year.
お知らせ • Jun 13Sydbank A/S Revises Earnings Guidance for 2024Sydbank A/S revised earnings guidance for 2024. For the period, Expectations are revised upwards to a profit after tax in the range of DKK 2,800 million -3,100 million. When the interim report for First Quarter 2024 was published on 1 May 2024 profit for the year after tax was expected to be in the range of DKK 2,500 million -2,900 million. The upward revision is based on the fact that the development in the core income has been more favourable than anticipated and moreover the robustness of the Danish economy remains impressive considering the interest rate level.
お知らせ • May 22Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million.Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million on May 21, 2024. The consideration consists of payment of the value of the equity at the date of acquisition plus DKK 89 million. Following the acquisition, Coop Bank will become a wholly owned subsidiary of Sydbank A/S. The transaction is subject to approval of Danish financial supervisory authority and Danish Competition and Consumer Authority and is expected to be closed on July 31, 2024.
Reported Earnings • May 01First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: kr.15.50 (up from kr.12.75 in 1Q 2023). Revenue: kr.1.96b (up 9.2% from 1Q 2023). Net income: kr.858.0m (up 19% from 1Q 2023). Profit margin: 44% (up from 40% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 27Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK).Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024. Sydbank has increased its ownership in Fynske Bank to more than 20% of the shares.Sydbank A/S (CPSE:SYDB) completed the acquisition of unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK) on March 26, 2024.
お知らせ • Mar 22+ 1 more updateSydbank A/S to Distribute Dividend for the Year 2023Sydbank A/S announced that at its AGM held on March 21, 2024, the company will distribute DKK 30.56 per share as dividend to the shareholders.
Upcoming Dividend • Mar 15Upcoming dividend of kr.30.56 per shareEligible shareholders must have bought the stock before 22 March 2024. Payment date: 26 March 2024. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of Danish dividend payers (5.4%). Higher than average of industry peers (6.4%).
Declared Dividend • Mar 07Dividend of kr.30.56 announcedShareholders will receive a dividend of kr.30.56. Ex-date: 22nd March 2024 Payment date: 26th March 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.379, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Denmark. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.642 per share.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: kr.58.80 (vs kr.32.35 in FY 2022)Full year 2023 results: EPS: kr.58.80 (up from kr.32.35 in FY 2022). Revenue: kr.7.46b (up 34% from FY 2022). Net income: kr.3.34b (up 80% from FY 2022). Profit margin: 45% (up from 33% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 25Sydbank A/S Provides Earnings Guidance for 2024Sydbank A/S provided earnings guidance for 2024. For the period, the company expects profit after tax in the range of DKK 2,500 to 2,900m.
お知らせ • Dec 21Sydbank A/S to Revises Earnings Expectations Upwards as for 2023Sydbank A/S revise earnings expectations upwards as regards profit for 2023. For the period, the company expects Profit after tax to be in the range of DKK 3,200 million - DKK 3,350 million as compared to be in the range of DKK 3,000 million - DKK 3,200 million expected previously.
Price Target Changed • Dec 13Price target decreased by 7.9% to kr.410Down from kr.445, the current price target is an average from 2 analysts. New target price is 44% above last closing price of kr.286. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of kr.57.54 for next year compared to kr.32.35 last year.
お知らせ • Dec 07Sydbank A/S Announces Management ChangesSydbank A/S announced change in the composition of Sydbank’s Group Executive Management. The position of Deputy Group Chief Executive with responsibility for Credits and Compliance etc. is handed over to a new member of the Group Executive Management from the Bank’s own ranks. Member of the Group Executive Management and Deputy Group Chief Executive Bjarne Larsen resigns from his position in this connection. Sydbank’s current Group Executive Vice President, Credits, Stig Westergaard, is appointed as Deputy Group Chief Executive with responsibility for Credits and Compliance etc. The Board of Directors has decided to change the composition of the Group Executive Management. The changes are effective immediately. Stig Westergaard is a trained lawyer and has been employed with Sydbank for 20 years. He has been responsible for the Legal Department, Compliance and most recently Credits. Stig Westergaard is 56 years old, married, and the father of three children. The family lives in Kolding. Sydbank’s Group Executive Management thus consists of CEO Karen Frøsig, Deputy Group Chief Executive Jørn Adam Møller and Deputy Group Chief Executive Stig Westergaard. As previously announced by Sydbank, Mark Luscombe will join Sydbank as Deputy Group Chief Executive on 1 April 2024 with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires.
Reported Earnings • Nov 02Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: kr.16.10 (up from kr.7.45 in 3Q 2022). Revenue: kr.1.93b (up 50% from 3Q 2022). Net income: kr.914.0m (up 114% from 3Q 2022). Profit margin: 48% (up from 33% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 02Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects Core income is expected to be higher than in 2022. Impairment charges are forecast to represent a minor expense. Profit after tax is now expected to be in the range of DKK 3,000 million to 3,200 million.
お知らせ • Oct 05Sydbank Announces Executive ChangesOn 29 September 2023, Sydbank announced that Karen Frøsig, its CEO of 13 years, wishes to retire. On 2 October 2023 the company announced that on 1 April 2024 Mark Luscombe will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Mark Luscombe comes from a position as Country Manager at SEB in Denmark. Mark Luscombe and his extensive experience from Citibank and SEB, where Mark Luscombe is currently Country Manager, represents all of that and therefore he can continue to work on strengthening Sydbank’s brand as the preferred bank of the corporate sector and on perfecting the Bank's offers to retail clients looking for professional advice. In connection with Sydbank’s appointment of Mark Luscombe, he was considered fit and proper by the Danish Financial Supervisory Authority as CEO. Mark Luscombe is an employee of SEB until 31 March 2024 and consequently further comments will not be provided at this time. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management.
お知らせ • Oct 01Sydbank A/S Announces Retirement of Karen Frøsig, CEOSydbank A/S announced that Karen Frøsig, CEO, has notified the Board of Directors that she wishes to retire in 2024. Karen Frøsig has been with Sydbank since 1994. First as Chief Legal Adviser and since 2008 as a member of the Group Executive Management. She has held the position of CEO since 2010. The Board of Directors has therefore worked on finding her successor and her replacement has been found. On 1 April 2024 the future CEO will join Sydbank as Deputy Group Chief Executive with a view to being appointed as CEO after a transition period until 31 July 2024 when Karen Frøsig retires. Deputy Group Chief Executive Bjarne Larsen and Deputy Group Chief Executive Jørn Adam Møller will continue in their positions in the Group Executive Management.
お知らせ • Sep 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank A/S revised earnings guidance for the year 2023. For the period, the company's expectations are revised upwards to a profit after tax in the range of DKK 2,900 million - DKK 3,200 million. In Company Announcement 12 on 14 June 2023 the company expected a profit after tax in the range of DKK 2,600 million - DKK 2,900 million for 2023.
お知らせ • Aug 24+ 4 more updatesSydbank A/S to Report Nine Months, 2024 Results on Oct 30, 2024Sydbank A/S announced that they will report nine months, 2024 results on Oct 30, 2024
お知らせ • Aug 23Sydbank A/S Provides Earnings Outlook for the Year 2023Sydbank A/S provided earnings outlook for the year 2023. For the period, the company expects Core income is expected to be higher than in 2022. Costs (core earnings) are projected to be higher than in 2022. Profit after tax is expected to be in the range of DKK 2,600-2,900 million.
Reported Earnings • Aug 23Second quarter 2023 earnings released: EPS: kr.13.25 (vs kr.5.09 in 2Q 2022)Second quarter 2023 results: EPS: kr.13.25 (up from kr.5.09 in 2Q 2022). Revenue: kr.1.83b (up 53% from 2Q 2022). Net income: kr.769.0m (up 161% from 2Q 2022). Profit margin: 42% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 43% per year.
お知らせ • Jul 18Sydbank A/S (CPSE:SYDB) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 23, 2023.Sydbank A/S (CPSE:SYDB) commences share repurchases on July 10, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 23, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the company's share capital. The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase. The plan is valid till the next annual general meeting. On July 6, 2023, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 4,000,000 shares for DKK 600 million. The repurchase will commence on July 10, 2023. The purpose of the program is to optimize the capital structure in accordance with the company's capital targets and capital policy. The plan is valid till January 31, 2024.
Price Target Changed • Jul 04Price target increased by 7.3% to kr.427Up from kr.398, the current price target is an average from 3 analysts. New target price is 35% above last closing price of kr.317. Stock is up 51% over the past year. The company is forecast to post earnings per share of kr.52.19 for next year compared to kr.32.35 last year.
お知らせ • Jun 15Sydbank A/S Revises Earnings Guidance for the Year 2023Sydbank A/S revised earnings guidance for the year 2023. The company revised its expectations upwards as regards profit for 2023. Expectations are revised upwards to a profit after tax in the range of DKK 2,600-2,900 million. In Company Announcement 5 on 15 March 2023we announced that it expected a profit after tax in the range of DKK 2,300-2,600 million for 2023.
Recent Insider Transactions • May 07Independent Chairman recently bought kr.288k worth of stockOn the 3rd of May, Lars Mikkelgaard-Jensen bought around 1k shares on-market at roughly kr.288 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr.319k. This was Lars' only on-market trade for the last 12 months.
Reported Earnings • May 03Full year 2022 earnings released: EPS: kr.32.35 (vs kr.23.18 in FY 2021)Full year 2022 results: EPS: kr.32.35 (up from kr.23.18 in FY 2021). Revenue: kr.5.58b (up 3.4% from FY 2021). Net income: kr.1.86b (up 36% from FY 2021). Profit margin: 33% (up from 25% in FY 2021). The increase in margin was primarily driven by lower expenses. Cost-to-income ratio: 55.5% (down from 67.2% in FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • May 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be kr.360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period.
Recent Insider Transactions • Mar 24Independent Director recently bought kr.319k worth of stockOn the 15th of March, Soren Holm bought around 1k shares on-market at roughly kr.319 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.46k more in shares than they have sold in the last 12 months.
Major Estimate Revision • Mar 08Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr.6.35b to kr.6.78b. EPS estimate increased from kr.39.17 to kr.45.60 per share. Net income forecast to grow 37% next year vs 37% growth forecast for Banks industry in Denmark. Consensus price target up from kr.338 to kr.388. Share price rose 8.8% to kr.370 over the past week.
Recent Insider Transactions • Mar 06Employee Representative Director recently sold kr.273k worth of stockOn the 2nd of March, Jorn Sorensen sold around 779 shares on-market at roughly kr.350 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Price Target Changed • Mar 02Price target increased by 11% to kr.363Up from kr.328, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of kr.362. Stock is up 70% over the past year. The company is forecast to post earnings per share of kr.42.39 for next year compared to kr.32.20 last year.
Price Target Changed • Feb 23Price target increased by 8.0% to kr.338Up from kr.313, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of kr.352. Stock is up 66% over the past year. The company is forecast to post earnings per share of kr.31.43 for next year compared to kr.23.18 last year.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Independent Director Soren Holm was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Jan 24Sydbank A/S Provides Earnings Guidance for the Year 2023Sydbank A/S provided earnings guidance for the year 2023. For the year, the company expects profit after tax in the range of DKK 1,900 million to DKK 2,200 million.
Reported Earnings • Nov 04Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: kr.7.40 (up from kr.5.99 in 3Q 2021). Revenue: kr.1.29b (up 4.3% from 3Q 2021). Net income: kr.436.0m (up 23% from 3Q 2021). Profit margin: 34% (up from 29% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.