Vestjysk Bank A/S provides banking products and services for retail and business customers in Jutland, Denmark.
Excellent balance sheet with solid track record.
Share Price & News
How has Vestjysk Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 24V has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 24V exceeded the German Banks industry which returned -26.6% over the past year.
Return vs Market: 24V exceeded the German Market which returned 9.9% over the past year.
Price Volatility Vs. Market
How volatile is Vestjysk Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Vestjysk Bank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 24V's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 24V's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 24V is good value based on its PE Ratio (8.2x) compared to the Banks industry average (16x).
PE vs Market: 24V is good value based on its PE Ratio (8.2x) compared to the German market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 24V's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 24V is overvalued based on its PB Ratio (1.1x) compared to the DE Banks industry average (0.8x).
How is Vestjysk Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 24V's earnings are forecast to decline over the next 3 years (-12.6% per year).
Earnings vs Market: 24V's earnings are forecast to decline over the next 3 years (-12.6% per year).
High Growth Earnings: 24V's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if 24V's revenue is forecast to grow faster than the German market.
High Growth Revenue: Insufficient data to determine if 24V's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 24V's Return on Equity is forecast to be high in 3 years time
How has Vestjysk Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 24V has high quality earnings.
Growing Profit Margin: 24V's current net profit margins (43.8%) are higher than last year (26.1%).
Past Earnings Growth Analysis
Earnings Trend: 24V has become profitable over the past 5 years, growing earnings by 69.9% per year.
Accelerating Growth: 24V's earnings growth over the past year (94.6%) exceeds its 5-year average (69.9% per year).
Earnings vs Industry: 24V earnings growth over the past year (94.6%) exceeded the Banks industry 3.9%.
Return on Equity
High ROE: 24V's Return on Equity (12.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Vestjysk Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 24V has a low level of unsold assets or inventory.
Debt Coverage by Assets: 24V's debt is covered by short term assets (assets are 2.9x debt).
Financial Institutions Analysis
Asset Level: 24V's level of assets compared to its equity is low.
Allowance for Bad Loans: 24V has a sufficient allowance for bad loans.
Low Risk Liabilities: 24V's liabilities are made up of primarily low risk sources of funding.
Loan Level: 24V has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 24V's loans are broadly funded by customer deposits.
Level of Bad Loans: 24V has a high level of bad loans (7.73%)
What is Vestjysk Bank's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 24V's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 24V's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 24V's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 24V's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 24V is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 24V's dividend in 3 years as they are not forecast to pay a notable one for the German market.
What is the CEO of Vestjysk Bank's salary, the management and board of directors tenure and is there insider trading?
Average board tenure
Jan Madsen (59yo)
Mr. Jan Ulso Madsen has been Chief Executive Officer of Vestjysk Bank A/S since February 1, 2015 and as its Member of Executive Board since November 28, 2014. Mr. Madsen served as Country Manager of Danmar ...
CEO Compensation Analysis
Compensation vs Market: Jan's total compensation ($USD535.90K) is below average for companies of similar size in the German market ($USD805.12K).
Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.
Board Age and Tenure
Experienced Board: 24V's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Jens Møller (65yo)
Deputy Director & CFO
- Tenure: 0yrs
Branch Director of Randers
- Tenure: 0yrs
Michael Petersen (56yo)
MD & Member of Executive Board
- Tenure: 7.2yrs
- Compensation: ø2.85m
Jan Madsen (59yo)
CEO & Member of Executive Board
- Tenure: 4.8yrs
- Compensation: ø3.63m
Chief Audit Executive
- Tenure: 0yrs
Lars Holst (67yo)
Deputy Chairman of the Board
- Tenure: 5.7yrs
- Compensation: ø302.00k
Kim Duus (63yo)
Chairman of the Board
- Tenure: 0.7yrs
Bent Simonsen (58yo)
- Tenure: 6.7yrs
- Compensation: ø219.00k
Jacob Møllgaard (43yo)
- Tenure: 6.8yrs
- Compensation: ø157.00k
Karina Boldsen (51yo)
- Tenure: 4.7yrs
- Compensation: ø150.00k
Martin Thomsen (37yo)
- Tenure: 2.6yrs
- Compensation: ø169.00k
Bolette van Ingen Bro (54yo)
- Tenure: 1.7yrs
- Compensation: ø112.00k
- Tenure: 0.7yrs
- Tenure: 0.8yrs
Vestjysk Bank A/S's company bio, employee growth, exchange listings and data sources
- Name: Vestjysk Bank A/S
- Ticker: 24V
- Exchange: DB
- Founded: 1887
- Industry: Regional Banks
- Sector: Banks
- Market Cap: ø3.144b
- Listing Market Cap: ø420.766m
- Shares outstanding: 895.81m
- Website: https://www.vestjyskbank.dk
Number of Employees
- Vestjysk Bank A/S
- Torvet 4-5
- Central Denmark Region
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VJBA||CPSE (OMX Nordic Exchange Copenhagen)||Yes||Equity Shares||DK||DKK||Jan 1992|
|0GGK||LSE (London Stock Exchange)||Yes||Equity Shares||GB||DKK||Jan 1992|
|24V||DB (Deutsche Boerse AG)||Yes||Equity Shares||DE||EUR||Jan 1992|
Vestjysk Bank A/S provides banking products and services for retail and business customers in Jutland, Denmark. The company operates in four business areas: Business, Retail, Markets, and Agricultural Cent ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/11/16 21:46|
|End of Day Share Price||2019/11/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.