Does Sydbank (CPH:SYDB) Deserve A Spot On Your Watchlist?
Jul 18
Danish (OMX) Banks Industry Analysis
UpdatedJul 22, 2024
DataAggregated Company Financials
Companies18
- 7D4.5%
- 3M1.2%
- 1Y28.2%
- YTD18.2%
In the last week, the Banks industry is up 4.5%, with Danske Bank up 6.4%. In the last 12 months, the industry was up 28%. As for the next few years, earnings are forecast to decline by 5.6% per annum.
Industry Valuation and Performance
Has the Danish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Jul 2024 | DKK 271.5b | DKK 86.4b | DKK 34.9b | 5.6x | 7.8x | 3.1x |
| Wed, 19 Jun 2024 | DKK 264.4b | DKK 84.5b | DKK 34.0b | 5.6x | 7.8x | 3.1x |
| Fri, 17 May 2024 | DKK 257.4b | DKK 84.5b | DKK 34.0b | 5.7x | 7.6x | 3x |
| Sun, 14 Apr 2024 | DKK 263.9b | DKK 83.1b | DKK 33.0b | 5.9x | 8x | 3.2x |
| Tue, 12 Mar 2024 | DKK 263.7b | DKK 83.1b | DKK 33.0b | 6.1x | 8x | 3.2x |
| Thu, 08 Feb 2024 | DKK 249.7b | DKK 84.4b | DKK 32.5b | 6.4x | 7.7x | 3x |
| Sat, 06 Jan 2024 | DKK 241.3b | DKK 80.5b | DKK 30.7b | 5.9x | 7.9x | 3x |
| Mon, 04 Dec 2023 | DKK 227.9b | DKK 80.4b | DKK 30.6b | 6x | 7.4x | 2.8x |
| Wed, 01 Nov 2023 | DKK 219.4b | DKK 78.6b | DKK 29.4b | 7.3x | 7.5x | 2.8x |
| Fri, 29 Sep 2023 | DKK 222.4b | DKK 75.2b | DKK 10.1b | 7.4x | 22x | 3x |
| Sun, 27 Aug 2023 | DKK 212.5b | DKK 75.0b | DKK 10.0b | 7.3x | 21.2x | 2.8x |
| Tue, 25 Jul 2023 | DKK 217.6b | DKK 72.7b | DKK 8.6b | 8.7x | 25.3x | 3x |
| Thu, 22 Jun 2023 | DKK 223.2b | DKK 69.4b | DKK 5.3b | 8.5x | 42.2x | 3.2x |
| Sat, 20 May 2023 | DKK 195.3b | DKK 69.1b | DKK 5.1b | 8.2x | 38.3x | 2.8x |
| Mon, 17 Apr 2023 | DKK 80.8b | DKK 20.0b | DKK 6.8b | 10x | 11.9x | 4x |
| Wed, 15 Mar 2023 | DKK 80.9b | DKK 19.9b | DKK 6.8b | 10.2x | 11.9x | 4.1x |
| Fri, 10 Feb 2023 | DKK 82.5b | DKK 19.8b | DKK 6.1b | 11.2x | 13.5x | 4.2x |
| Sun, 08 Jan 2023 | DKK 78.8b | DKK 19.6b | DKK 6.0b | 10.9x | 13.2x | 4x |
| Tue, 06 Dec 2022 | DKK 71.5b | DKK 19.6b | DKK 6.0b | 10.3x | 11.9x | 3.6x |
| Thu, 03 Nov 2022 | DKK 65.5b | DKK 19.6b | DKK 6.0b | 9.2x | 10.9x | 3.4x |
| Sat, 01 Oct 2022 | DKK 143.1b | DKK 65.0b | DKK 17.2b | 9.1x | 8.3x | 2.2x |
| Mon, 29 Aug 2022 | DKK 146.9b | DKK 65.2b | DKK 17.3b | 9.3x | 8.5x | 2.3x |
| Wed, 27 Jul 2022 | DKK 146.6b | DKK 65.6b | DKK 17.8b | 7.9x | 8.3x | 2.2x |
| Fri, 24 Jun 2022 | DKK 152.5b | DKK 67.4b | DKK 18.7b | 7.4x | 8.1x | 2.3x |
| Sun, 22 May 2022 | DKK 155.9b | DKK 67.4b | DKK 18.7b | 7.9x | 8.3x | 2.3x |
| Tue, 19 Apr 2022 | DKK 164.2b | DKK 67.3b | DKK 19.3b | 8.2x | 8.5x | 2.4x |
| Thu, 17 Mar 2022 | DKK 164.5b | DKK 67.2b | DKK 19.2b | 8.4x | 8.6x | 2.4x |
| Sat, 12 Feb 2022 | DKK 184.6b | DKK 66.1b | DKK 18.8b | 9.1x | 9.8x | 2.8x |
| Mon, 10 Jan 2022 | DKK 170.4b | DKK 64.5b | DKK 16.4b | 9.2x | 10.4x | 2.6x |
| Wed, 08 Dec 2021 | DKK 164.8b | DKK 64.5b | DKK 16.4b | 8.9x | 10x | 2.6x |
| Fri, 05 Nov 2021 | DKK 162.0b | DKK 65.1b | DKK 16.6b | 9.4x | 9.7x | 2.5x |
| Sun, 03 Oct 2021 | DKK 153.5b | DKK 63.6b | DKK 15.3b | 8.8x | 10.1x | 2.4x |
| Tue, 31 Aug 2021 | DKK 150.6b | DKK 62.6b | DKK 14.9b | 9.1x | 10.1x | 2.4x |
Price to Earnings Ratio
10.6x
Current Industry PE
- Investors are pessimistic on the Danish Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.8x which is lower than its 3-year average PE of 13.8x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 33% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Danish Financials industry?
| DK Market | -4.76% | |
| Financials | 1.59% | |
| Banks | 4.52% | |
| Diversified Banks | 5.57% | |
| Regional Banks | 1.15% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 10.5x.
- Analysts are expecting annual earnings decline of 6.5%, which is lower than the prior year's growth of 66.6% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 35.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 5.4% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 65% per year.
- In contrast, the Regional Banks industry is expected to see its earnings decline by 6.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DANSKE Danske Bank | DKK 209.40 | 3.7% +DKK 6.1b | 29.3% | PB1x | |
| RILBA Ringkjøbing Landbobank | DKK 1.20k | 4.3% +DKK 1.3b | 27.1% | PB3x | |
| JYSK Jyske Bank | DKK 545.00 | 2.3% +DKK 758.2m | 5.3% | PB0.7x | |
| SPNO Spar Nord Bank | DKK 137.20 | 3.0% +DKK 457.7m | 28.6% | PB1.2x | |
| SYDB Sydbank | DKK 369.60 | 1.5% +DKK 298.4m | 14.6% | PB1.3x |
