Jyske Bank A/S

DB:JYS1 Stock Report

Market Cap: €4.0b

Jyske Bank Valuation

Is JYS1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JYS1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JYS1 (€65.2) is trading below our estimate of fair value (€216.05)

Significantly Below Fair Value: JYS1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JYS1?

Key metric: As JYS1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JYS1. This is calculated by dividing JYS1's market cap by their current earnings.
What is JYS1's PE Ratio?
PE Ratio5.4x
EarningsDKK 5.60b
Market CapDKK 30.16b

Price to Earnings Ratio vs Peers

How does JYS1's PE Ratio compare to its peers?

The above table shows the PE ratio for JYS1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.2x
CBK Commerzbank
8.5x8.8%€18.2b
PCZ ProCredit Holding
4.2x9.9%€450.0m
MBK Merkur PrivatBank KgaA
10x8.6%€107.3m
QIIK Qatar International Islamic Bank (Q.P.S.C)
14.2x10.6%ر.ق16.0b
JYS1 Jyske Bank
5.4x-5.1%€30.2b

Price-To-Earnings vs Peers: JYS1 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (9.3x).

Price to Earnings Ratio vs Industry

How does JYS1's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JYS1 5.4xIndustry Avg. 7.4xNo. of Companies46PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JYS1 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is JYS1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JYS1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: JYS1 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JYS1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€65.20
€76.73
+17.7%
7.7%€81.38€68.37n/a3
Nov ’25€64.25
€78.43
+22.1%
9.6%€86.47€68.37n/a3
Oct ’25€69.35
€82.95
+19.6%
4.7%€87.14€78.42n/a4
Sep ’25€71.95
€82.95
+15.3%
4.7%€87.14€78.42n/a4
Aug ’25€71.95
€84.63
+17.6%
4.4%€89.82€80.44n/a4
Jul ’25€74.30
€84.63
+13.9%
4.4%€89.82€80.44n/a4
Jun ’25€75.70
€86.05
+13.7%
3.8%€89.85€81.80n/a3
May ’25€75.10
€87.40
+16.4%
6.3%€93.83€80.43n/a3
Apr ’25€77.52
€82.77
+6.8%
7.8%€88.76€73.74n/a3
Mar ’25€74.48
€83.25
+11.8%
6.8%€88.81€73.79n/a4
Feb ’25€70.28
€82.29
+17.1%
7.0%€86.48€72.40n/a4
Jan ’25€64.46
€79.59
+23.5%
8.7%€84.51€69.76n/a3
Dec ’24€63.38
€79.87
+26.0%
7.5%€87.20€71.37n/a5
Nov ’24€64.78
€80.30
+24.0%
7.1%€87.08€71.27€64.255
Oct ’24€68.38
€81.52
+19.2%
5.0%€87.13€77.21€69.355
Sep ’24€64.16
€82.44
+28.5%
6.2%€89.93€77.31€71.955
Aug ’24€68.56
€82.06
+19.7%
5.9%€88.62€77.34€71.955
Jul ’24€69.02
€77.92
+12.9%
13.2%€88.64€57.08€74.306
Jun ’24€64.22
€78.00
+21.5%
14.5%€88.61€57.06€75.705
May ’24€65.70
€76.33
+16.2%
16.1%€91.26€57.04€75.104
Apr ’24€63.76
€77.46
+21.5%
17.6%€95.43€57.13€77.524
Mar ’24€76.30
€71.25
-6.6%
20.2%€95.36€57.08€74.484
Feb ’24€66.28
€63.93
-3.6%
6.2%€66.82€57.14€70.284
Jan ’24€60.44
€60.18
-0.4%
6.6%€65.89€55.81€64.464
Dec ’23€58.04
€60.18
+3.7%
6.6%€65.89€55.81€63.384
Nov ’23€52.78
€58.89
+11.6%
9.8%€63.87€48.41€64.785

Analyst Forecast: Target price is less than 20% higher than the current share price.

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