CPSE:LASPBanks
Lån & Spar Bank (CPSE:LASP) Net Profit Margin Falls, Challenging Bullish Growth Narratives
Lån & Spar Bank (CPSE:LASP) posted an average annual profit growth of 25.4% over the past five years, but its momentum has cooled, with the latest net profit margin dropping to 26.5% from 31.5% a year ago. Shares are trading at 9.7 times earnings, slightly below the European Banks industry average of 10.1x, and well under a discounted cash flow fair value estimate of DKK 2,486.09 compared to the market price of DKK 1,160. A track record of strong historical profits, attractive valuation, and...