Reported Earnings • May 11
First quarter 2026 earnings released: EPS: kr.10.80 (vs kr.10.35 in 1Q 2025) First quarter 2026 results: EPS: kr.10.80 (up from kr.10.35 in 1Q 2025). Revenue: kr.455.2m (down 3.1% from 1Q 2025). Net income: kr.184.5m (up 7.7% from 1Q 2025). Profit margin: 41% (up from 37% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Liselotte Poulsen was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Feb 27
Upcoming dividend of kr.11.00 per share Eligible shareholders must have bought the stock before 06 March 2026. Payment date: 10 March 2026. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Danish dividend payers (4.5%). Lower than average of industry peers (5.3%). Declared Dividend • Feb 13
Dividend increased to kr.11.00 Dividend of kr.11.00 is 10% higher than last year. Ex-date: 6th March 2026 Payment date: 10th March 2026 Dividend yield will be 3.0%, which is lower than the industry average of 5.6%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Feb 12
SJF Bank A/S announces Annual dividend, payable on March 10, 2026 SJF Bank A/S announced Annual dividend of DKK 11.0000 per share payable on March 10, 2026, ex-date on March 06, 2026 and record date on March 09, 2026. Reported Earnings • Feb 09
Full year 2025 earnings released: EPS: kr.34.00 (vs kr.33.39 in FY 2024) Full year 2025 results: EPS: kr.34.00 (up from kr.33.39 in FY 2024). Revenue: kr.1.77b (up 3.1% from FY 2024). Net income: kr.611.6m (up 8.7% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Feb 09
SJF Bank A/S, Annual General Meeting, Mar 05, 2026 SJF Bank A/S, Annual General Meeting, Mar 05, 2026. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: kr.9.00 (vs kr.9.30 in 3Q 2024) Third quarter 2025 results: EPS: kr.9.00 (down from kr.9.30 in 3Q 2024). Revenue: kr.440.9m (up 1.8% from 3Q 2024). Net income: kr.156.4m (down 6.2% from 3Q 2024). Profit margin: 36% (down from 39% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: kr.8.00 (vs kr.7.40 in 2Q 2024) Second quarter 2025 results: EPS: kr.8.00 (up from kr.7.40 in 2Q 2024). Revenue: kr.414.0m (down 1.5% from 2Q 2024). Net income: kr.131.3m (up 5.6% from 2Q 2024). Profit margin: 32% (up from 30% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jun 25
Middelfart Sparekasse completed the acquisition of 24.96% stake in Nordfyns Bank A/S (CPSE:NRDF) from SJF Bank A/S (CPSE:SPKSJF). Middelfart Sparekasse reached an agreement to acquire 24.96% stake in Nordfyns Bank A/S (CPSE:NRDF) from SJF Bank A/S (CPSE:SPKSJF) for approximately DKK 210 million on June 23, 2025. After the sale of SJF Bank, Middelfart Sparekasse owns 24.96% of the shares in Nordfyns Bank. The total of 411,865 shares were sold at a price of DKK 510, according to SJF Bank, which resulted in a profit of DKK 72 million. Middelfart Sparekasse now owns almost 25% of Nordfyns Bank. Middelfart Sparekasse wants to investigate the possibility of a merger with Nordfyns Bank.
Middelfart Sparekasse completed the acquisition of 24.96% stake in Nordfyns Bank A/S (CPSE:NRDF) from SJF Bank A/S (CPSE:SPKSJF) on June 24, 2025. 공시 • Jun 24
Middelfart Sparekasse reached an agreement to acquire 24.96% stake in Nordfyns Bank A/S (CPSE:NRDF) from SJF Bank A/S (CPSE:SPKSJF) for approximately DKK 210 million. Middelfart Sparekasse reached an agreement to acquire 24.96% stake in Nordfyns Bank A/S (CPSE:NRDF) from SJF Bank A/S (CPSE:SPKSJF) for approximately DKK 210 million on June 23, 2025. After the sale of SJF Bank, Middelfart Sparekasse owns 24.96% of the shares in Nordfyns Bank. The total of 411,865 shares were sold at a price of DKK 510, according to SJF Bank, which resulted in a profit of DKK 72 million. Middelfart Sparekasse now owns almost 25% of Nordfyns Bank. Middelfart Sparekasse wants to investigate the possibility of a merger with Nordfyns Bank. Declared Dividend • Feb 21
Dividend increased to kr.10.00 Dividend of kr.10.00 is 25% higher than last year. Ex-date: 7th March 2025 Payment date: 11th March 2025 Dividend yield will be 3.5%, which is lower than the industry average of 5.6%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Feb 20
Sparekassen Sjælland-Fyn A/S announces Annual dividend, payable on March 11, 2025 Sparekassen Sjælland-Fyn A/S announced Annual dividend of DKK 10.0000 per share payable on March 11, 2025, ex-date on March 07, 2025 and record date on March 10, 2025. 공시 • Feb 07
Sparekassen Sjælland-Fyn A/S, Annual General Meeting, Mar 06, 2025 Sparekassen Sjælland-Fyn A/S, Annual General Meeting, Mar 06, 2025. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: kr.9.30 (vs kr.7.60 in 3Q 2023) Third quarter 2024 results: EPS: kr.9.30 (up from kr.7.60 in 3Q 2023). Revenue: kr.433.0m (up 13% from 3Q 2023). Net income: kr.166.8m (up 28% from 3Q 2023). Profit margin: 39% (up from 34% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.8% p.a. on average during the next 3 years compared to a 2.1% decline forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr.7.40 (vs kr.7.10 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.40 (up from kr.7.10 in 2Q 2023). Revenue: kr.420.3m (up 14% from 2Q 2023). Net income: kr.135.2m (up 10% from 2Q 2023). Profit margin: 32% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: kr.9.70 (vs kr.7.08 in 1Q 2023) First quarter 2024 results: EPS: kr.9.70 (up from kr.7.08 in 1Q 2023). Revenue: kr.448.3m (up 18% from 1Q 2023). Net income: kr.176.0m (up 44% from 1Q 2023). Profit margin: 39% (up from 32% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 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 14% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • Mar 01
Upcoming dividend of kr.8.00 per share Eligible shareholders must have bought the stock before 08 March 2024. Payment date: 12 March 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Danish dividend payers (5.2%). Lower than average of industry peers (6.4%). Reported Earnings • Feb 11
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: kr.29.40 (up from kr.20.03 in FY 2022). Revenue: kr.1.57b (up 20% from FY 2022). Net income: kr.558.4m (up 62% from FY 2022). Profit margin: 36% (up from 26% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 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 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: kr.7.60 (vs kr.5.80 in 3Q 2022) Third quarter 2023 results: EPS: kr.7.60 (up from kr.5.80 in 3Q 2022). Revenue: kr.382.6m (up 11% from 3Q 2022). Net income: kr.141.5m (up 41% from 3Q 2022). Profit margin: 37% (up from 29% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.3% 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 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Sep 01
Sparekassen Sjælland-Fyn A/S (CPSE : SPKSJF) completed the acquisition of Totalbanken A/S (CPSE:TOTA). Sparekassen Sjælland-Fyn A/S (CPSE : SPKSJF) entered into an agreement to acquire Totalbanken A/S (CPSE:TOTA) on May 24, 2023. Upon closing, Totalbanken will be merged with Sparekassen. The two banks have a total of around 1,325 employees and 60 bank branches. The acquisition is still subject to approval by the Danish Financial Supervisory Authority as well as the general meeting of Totalbanken and the governors of Sparekassen Danmark. As of July 3, 2023, The Danish Competition and Consumer Authority has approved the transaction. Sparekassen Sjælland-Fyn A/S (CPSE : SPKSJF) completed the acquisition of Totalbanken A/S (CPSE:TOTA) on August 31, 2023. Price Target Changed • Aug 15
Price target increased by 11% to kr.266 Up from kr.240, the current price target is provided by 1 analyst. New target price is 44% above last closing price of kr.184. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of kr.30.10 for next year compared to kr.20.03 last year. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: kr.7.10 (vs kr.5.96 in 2Q 2022) Second quarter 2023 results: EPS: kr.7.10 (up from kr.5.96 in 2Q 2022). Revenue: kr.369.1m (up 13% from 2Q 2022). Net income: kr.134.3m (up 65% from 2Q 2022). Profit margin: 36% (up from 25% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: kr.7.10 (vs kr.3.65 in 1Q 2022) First quarter 2023 results: EPS: kr.7.10 (up from kr.3.65 in 1Q 2022). Revenue: kr.389.3m (up 29% from 1Q 2022). Net income: kr.130.9m (up 72% from 1Q 2022). Profit margin: 34% (up from 25% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% 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 24% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 03
Upcoming dividend of kr.6.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 14 March 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Danish dividend payers (5.5%). Higher than average of industry peers (2.5%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Torben Larsen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: kr.5.80 (vs kr.5.40 in 3Q 2021) Third quarter 2022 results: EPS: kr.5.80 (up from kr.5.40 in 3Q 2021). Revenue: kr.345.8m (up 14% from 3Q 2021). Net income: kr.106.3m (up 15% from 3Q 2021). Profit margin: 31% (in line with 3Q 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Banks industry in Denmark. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: kr.6.00 (vs kr.5.97 in 2Q 2021) Second quarter 2022 results: EPS: kr.6.00. Revenue: kr.322.0m (down 3.1% from 2Q 2021). Net income: kr.81.7m (down 21% from 2Q 2021). Profit margin: 25% (down from 31% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 3.1% compared to a 3.6% decline forecast for the industry in Denmark. Price Target Changed • May 09
Price target increased to kr.232 Up from kr.188, the current price target is an average from 2 analysts. New target price is 39% above last closing price of kr.167. Stock is up 27% over the past year. The company is forecast to post earnings per share of kr.20.91 for next year compared to kr.24.32 last year. Reported Earnings • May 06
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: kr.4.40 (down from kr.7.97 in 1Q 2021). Revenue: kr.294.7m (down 15% from 1Q 2021). Net income: kr.82.3m (down 40% from 1Q 2021). Profit margin: 28% (down from 40% in 1Q 2021). 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 4.7%. Over the next year, revenue is forecast to grow 1.8% compared to a 5.2% decline forecast for the industry in Denmark. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to kr.232 Up from kr.188, the current price target is an average from 2 analysts. New target price is 18% above last closing price of kr.197. Stock is up 60% over the past year. The company is forecast to post earnings per share of kr.21.40 for next year compared to kr.24.32 last year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Torben Larsen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 04
Inaugural dividend of kr.6.00 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 15 March 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in March 2017. The average dividend yield among industry peers is 5.4%. Price Target Changed • Feb 14
Price target increased to kr.232 Up from kr.188, the current price target is an average from 2 analysts. New target price is 12% above last closing price of kr.208. Stock is up 110% over the past year. The company is forecast to post earnings per share of kr.23.37 for next year compared to kr.11.82 last year. Price Target Changed • Feb 11
Price target increased to kr.199 Up from kr.180, the current price target is an average from 2 analysts. New target price is 7.6% below last closing price of kr.215. Stock is up 119% over the past year. The company is forecast to post earnings per share of kr.23.21 for next year compared to kr.11.82 last year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS kr.6.00 (vs kr.1.99 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.335.4m (up 39% from 2Q 2020). Net income: kr.109.5m (up 213% from 2Q 2020). Profit margin: 33% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 16
Consensus EPS estimates increase to kr.22.54 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from kr.1.22b to kr.1.24b. EPS estimate increased from kr.20.13 to kr.22.54 per share. Net income forecast to grow 18% next year vs 18% growth forecast for Banks industry in Denmark. Consensus price target of kr.162 unchanged from last update. Share price was steady at kr.148 over the past week. 공시 • Jun 05
An unknown buyer acquired 4.2% stake in Sparekassen Sjælland-Fyn A/S (CPSE:SPKSJF) for approximately DKK 110 million. An unknown buyer acquired 4.2% stake in Sparekassen Sjælland-Fyn A/S (CPSE:SPKSJF) for approximately DKK 110 million on June 4, 2021.
An unknown buyer completed the acquisition of 4.2% stake in Sparekassen Sjælland-Fyn A/S (CPSE:SPKSJF) on June 4, 2021. Major Estimate Revision • May 12
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from kr.18.18 to kr.20.77. Revenue forecast steady at kr.1.22b. Net income forecast to grow 18% next year vs 13% growth forecast for Banks industry in Denmark. Consensus price target of kr.144 unchanged from last update. Share price was steady at kr.130 over the past week. Reported Earnings • May 08
First quarter 2021 earnings released: EPS kr.8.00 (vs kr.2.19 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr.341.8m (up 50% from 1Q 2020). Net income: kr.143.6m (up 282% from 1Q 2020). Profit margin: 42% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Is New 90 Day High Low • Mar 03
New 90-day high: kr.101 The company is up 11% from its price of kr.90.80 on 03 December 2020. The Danish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.243 per share. Price Target Changed • Feb 17
Price target raised to kr.144 Up from kr.127, the current price target is an average from 2 analysts. The new target price is 46% above the current share price of kr.98.40. As of last close, the stock is up 0.6% over the past year. Is New 90 Day High Low • Feb 09
New 90-day high: kr.99.60 The company is up 16% from its price of kr.86.00 on 11 November 2020. The Danish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.199 per share. Is New 90 Day High Low • Jan 12
New 90-day high: kr.92.00 The company is up 11% from its price of kr.83.00 on 14 October 2020. The Danish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.193 per share. Is New 90 Day High Low • Dec 09
New 90-day high: kr.92.00 The company is up 12% from its price of kr.81.80 on 10 September 2020. The Danish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.161 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS kr.4.50 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr.279.8m (up 11% from 3Q 2019). Net income: kr.83.8m (up 121% from 3Q 2019). Profit margin: 30% (up from 15% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 11%, compared to a 7.0% growth forecast for the Banks industry in Denmark. Is New 90 Day High Low • Nov 11
New 90-day high: kr.86.00 The company is up 1.0% from its price of kr.85.00 on 13 August 2020. The Danish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.212 per share. Major Estimate Revision • Oct 15
Analysts increase EPS estimates to kr.10.20 The 2020 consensus revenue estimate increased from kr.1.11b to kr.1.13b. The earnings per share estimate also received an upgrade from kr.9.17 to kr.10.20 for the same period. Net income is expected to grow by 46% next year compared to 3.4% growth forecast for the Banks industry in Denmark. The consensus price target increased from kr.120 to kr.125. Share price stayed mostly flat at kr.83.00 over the past week.