AL Sydbank (TM2) Stock Overview

Provides various banking products and services to retail clients, corporates, and associations in Denmark and internationally. More details

TM2 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 71.6% below our estimate of its fair value

Earnings are forecast to grow 22.31% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Large one-off items impacting financial results

Profit margins (21.9%) are lower than last year (37.7%)

Unstable dividend track record

TM2 Community Fair Values

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AL Sydbank A/S Competitors

Price History & Performance

Summary of share price highs, lows and changes for AL Sydbank
Historical stock prices
Current Share Price	DKK 72.90
52 Week High	DKK 77.75
52 Week Low	DKK 52.30
Beta	0.42
1 Month Change	5.12%
3 Month Change	-0.34%
1 Year Change	43.36%
3 Year Change	80.27%
5 Year Change	223.14%
Change since IPO	87.74%

Recent updates

Shareholder Returns

	TM2	DE Banks	DE Market
7D	4.2%	6.1%	2.9%
1Y	43.4%	54.7%	12.1%

Return vs Industry: TM2 underperformed the German Banks industry which returned 54.7% over the past year.

Return vs Market: TM2 exceeded the German Market which returned 12.1% over the past year.

Price Volatility

Is TM2's price volatile compared to industry and market?
TM2 volatility
TM2 Average Weekly Movement	5.3%
Banks Industry Average Movement	4.1%
Market Average Movement	6.1%
10% most volatile stocks in DE Market	13.7%
10% least volatile stocks in DE Market	2.7%

Stable Share Price: TM2 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: TM2's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	4,180	Mark Luscombe	www.sydbank.com

AL Sydbank A/S, together with its subsidiaries, provides various banking products and services to retail clients, corporates, and associations in Denmark and internationally. The company operates through Banking, Asset Management, AL Sydbank Markets, Treasury, and Other segments. The company offers various deposits and loans and advances, advisory services, securities trading, asset management, distribution of mortgage credit products, investment products, pension, and insurance products.

AL Sydbank A/S Fundamentals Summary

How do AL Sydbank's earnings and revenue compare to its market cap?
TM2 fundamental statistics
Market cap	€6.31b
Earnings (TTM)	€245.14m
Revenue (TTM)	€1.12b

25.7x

P/E Ratio

1.3x

P/B Ratio

Is TM2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TM2 income statement (TTM)
Revenue	DKK 8.36b
Cost of Revenue	DKK 0
Gross Profit	DKK 8.36b
Other Expenses	DKK 6.53b
Earnings	DKK 1.83b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 06, 2026

Earnings per share (EPS)	21.44
Gross Margin	100.00%
Net Profit Margin	21.90%
Debt/Equity Ratio	91.8%

How did TM2 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

71%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/12 21:24
End of Day Share Price	2026/04/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AL Sydbank A/S is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Kristofer Liljeberg-Svensson	Carnegie Investment Bank AB
Maria Semikhatova	Citigroup Inc

AL Sydbank (TM2) Stock Overview

Rewards

Risk Analysis

AL Sydbank A/S Competitors

Commerzbank

ProCredit Holding

UmweltBank

Merkur PrivatBank KgaA

Price History & Performance

Recent News & Updates

AL Sydbank A/S Announces Board Appointments

AL Sydbank A/S (CPSE:ALSYDB) announces an Equity Buyback for DKK 1,100 million worth of its shares.

Sydbank A/S Revises Earnings Guidance for the Year 2025

Sydbank A/S Approves Board Changes

Sydbank A/S Clarifies Earnings Guidance for the Year 2025

Sydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion.

Recent updates

AL Sydbank A/S Announces Board Appointments

AL Sydbank A/S (CPSE:ALSYDB) announces an Equity Buyback for DKK 1,100 million worth of its shares.

Sydbank A/S Revises Earnings Guidance for the Year 2025

Sydbank A/S Approves Board Changes

Sydbank A/S Clarifies Earnings Guidance for the Year 2025

Sydbank A/S (CPSE:SYDB) entered into an agreement to acquire 27% stake in Vestjysk Bank A/S (CPSE:VJBA) for DKK 2.3 billion.

Sydbank A/S Provides Earnings Guidance for the Year 2025

Sydbank A/S, Annual General Meeting, Mar 19, 2026

Sydbank A/S announces Annual dividend, payable on March 25, 2025

Sydbank A/S (CPSE:SYDB) announces an Equity Buyback for 5,400,000 shares, for DKK 1,350 million.

Sydbank A/S Announces Resignation of Board Chairman Lars Mikkelgaard-Jensen, Effective March 20, 2025

Sydbank A/S Revises Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: kr.14.30 (vs kr.16.11 in 3Q 2023)

Sydbank A/S, Annual General Meeting, Mar 20, 2025

Second quarter 2024 earnings released: EPS: kr.13.98 (vs kr.13.24 in 2Q 2023)

Second quarter 2024 earnings released: EPS: kr.13.98 (vs kr.13.24 in 2Q 2023)

Sydbank A/S to Report Fiscal Year 2024 Results on Feb 26, 2025

Sydbank A/S Revises Earnings Guidance for 2024

Sydbank A/S (CPSE:SYDB) concluded an agreement to acquire Coop Bank A / S from Coop Amba for approximately DKK 350 million.

First quarter 2024 earnings released: EPS: kr.15.50 (vs kr.12.75 in 1Q 2023)

Sydbank A/S (CPSE:SYDB) acquired unknown additional minority stake in Fynske Bank A/S (CPSE:FYNBK).

Sydbank A/S to Distribute Dividend for the Year 2023

Upcoming dividend of kr.30.56 per share

Dividend of kr.30.56 announced

Investor sentiment improves as stock rises 15%

Full year 2023 earnings released: EPS: kr.58.80 (vs kr.32.35 in FY 2022)

Sydbank A/S Provides Earnings Guidance for 2024

Sydbank A/S to Revises Earnings Expectations Upwards as for 2023

Sydbank A/S Announces Management Changes

Third quarter 2023 earnings released: EPS: kr.16.10 (vs kr.7.45 in 3Q 2022)

Sydbank A/S Provides Earnings Guidance for the Year 2023

Sydbank Announces Executive Changes

Sydbank A/S Announces Retirement of Karen Frøsig, CEO

Sydbank A/S Revises Earnings Guidance for the Year 2023

Sydbank A/S to Report Nine Months, 2024 Results on Oct 30, 2024

Sydbank A/S Provides Earnings Outlook for the Year 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: kr.13.25 (vs kr.5.09 in 2Q 2022)

Sydbank A/S (CPSE:SYDB) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 23, 2023.

Sydbank A/S Revises Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: kr.12.80 (vs kr.7.35 in 1Q 2022)

Full year 2022 earnings released: EPS: kr.32.20 (vs kr.23.18 in FY 2021)

Insufficient new directors

Sydbank A/S Provides Earnings Guidance for the Year 2023

Sydbank A/S Revises Earnings Guidance for the Year 2022

Sydbank A/S Revises Earnings Guidance for the Year 2022

Sydbank A/S Announces Executive Changes

Third quarter 2022 earnings released: EPS: kr.7.40 (vs kr.5.99 in 3Q 2021)

Sydbank A/S Provides Earnings Guidance for the Year 2022

Sydbank A/S Revises Earnings Guidance for the Year 2022

Sydbank A/S to Report Nine Months, 2023 Results on Nov 01, 2023

Second quarter 2022 earnings released: EPS: kr.5.08 (vs kr.5.77 in 2Q 2021)

Sydbank A/S, Annual General Meeting, Mar 23, 2023

Sydbank A/S Provides Earnings Guidance for the Full Year of 2022

First quarter 2022 earnings released: EPS: kr.7.62 (vs kr.4.67 in 1Q 2021)

Sydbank A/S Revises Upwards Its Expectations for Profit for the Year for 2022

Upcoming dividend of kr.12.00 per share

Now 24% undervalued after recent price drop

Sydbank Announces Staff Elected to its Board of Directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Sydbank A/S Provides Impairment Charges Guidance for the Year 2022

Sydbank A/S Provides Earnings Guidance for the Year 2022

Sydbank A/S Provides Earnings Guidance for 2022