CPSE:KREBanks
Kreditbanken (CPSE:KRE) Margin Miss Challenges Persistent Growth Narrative
Kreditbanken (CPSE:KRE) reported net profit margins of 41%, down from 44.9% a year earlier. Profit growth has declined over the past year following a prior five-year average of 19.5% annual earnings expansion. Shares now trade at DKK7,400, notably below the estimated fair value of DKK15,565.49. The company's P/E ratio of 8.6x stands lower than both its peer average of 11.1x and the European Banks industry average of 9.7x. Despite recent margin compression, the bank continues to offer...