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P/F BankNordik

CPSE:BNORDIK CSE
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BNORDIK CSE
CPSE
DKK1B
Market Cap
  1. Home
  2. DK
  3. Banks
Company description

P/F BankNordik, together with its subsidiaries, provides various banking products and services for individual and corporate customers in the Faroe Islands, Denmark, and Greenland. The last earnings update was 47 days ago. More info.


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BNORDIK CSE Share Price and Events
7 Day Returns
-1.8%
CPSE:BNORDIK CSE
-0.2%
DK Banks
1.7%
DK Market
1 Year Returns
0.9%
CPSE:BNORDIK CSE
-41.2%
DK Banks
2.6%
DK Market
BNORDIK CSE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
P/F BankNordik (BNORDIK CSE) -1.8% -0.5% -6.9% 0.9% -3.6% -6.1%
DK Banks -0.2% 1.6% -13.6% -41.2% -28.8% -23%
DK Market 1.7% 2.2% -1.2% 2.6% 15.7% 35.4%
1 Year Return vs Industry and Market
  • BNORDIK CSE outperformed the Banks industry which returned -41.2% over the past year.
  • BNORDIK CSE underperformed the Market in Denmark which returned 2.6% over the past year.
Price Volatility
BNORDIK CSE
Industry
5yr Volatility vs Market

BNORDIK CSE Value

 Is P/F BankNordik undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of P/F BankNordik to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for P/F BankNordik.

CPSE:BNORDIK CSE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= DKK190.71 * 8.9%
DKK17.05
Book Value of Equity per Share Median Book Value from the past 5 years. DKK190.71
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DK Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CPSE:BNORDIK CSE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DK Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 22%) (29.81%))
0.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (0.817 * 5.96%)
5.08%

Discounted Cash Flow Calculation for CPSE:BNORDIK CSE using Excess Returns Model Model

The calculations below outline how an intrinsic value for P/F BankNordik is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

CPSE:BNORDIK CSE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 5.08%) * DKK190.71)
DKK7.35
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK7.35 / (5.08% - 0.21%)
DKK151.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK190.71 + DKK151.01
DKK341.72
CPSE:BNORDIK CSE Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK341.72
Current discount Discount to share price of DKK108.00
= -1 x (DKK108.00 - DKK341.72) / DKK341.72
68.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price P/F BankNordik is available for.
Intrinsic value
>50%
Share price is DKK108 vs Future cash flow value of DKK341.72
Current Discount Checks
For P/F BankNordik to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • P/F BankNordik's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • P/F BankNordik's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for P/F BankNordik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are P/F BankNordik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:BNORDIK CSE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in DKK DKK20.36
CPSE:BNORDIK CSE Share Price ** CPSE (2019-06-18) in DKK DKK108
Denmark Banks Industry PE Ratio Median Figure of 21 Publicly-Listed Banks Companies 8.57x
Denmark Market PE Ratio Median Figure of 103 Publicly-Listed Companies 16.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of P/F BankNordik.

CPSE:BNORDIK CSE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:BNORDIK CSE Share Price ÷ EPS (both in DKK)

= 108 ÷ 20.36

5.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • P/F BankNordik is good value based on earnings compared to the DK Banks industry average.
  • P/F BankNordik is good value based on earnings compared to the Denmark market.
Price based on expected Growth
Does P/F BankNordik's expected growth come at a high price?
Raw Data
CPSE:BNORDIK CSE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-10.4%per year
Denmark Banks Industry PEG Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.03x
Denmark Market PEG Ratio Median Figure of 44 Publicly-Listed Companies 2.17x

*Line of best fit is calculated by linear regression .

CPSE:BNORDIK CSE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.3x ÷ -10.4%

-0.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • P/F BankNordik earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on P/F BankNordik's assets?
Raw Data
CPSE:BNORDIK CSE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in DKK DKK205.46
CPSE:BNORDIK CSE Share Price * CPSE (2019-06-18) in DKK DKK108
Denmark Banks Industry PB Ratio Median Figure of 21 Publicly-Listed Banks Companies 0.64x
Denmark Market PB Ratio Median Figure of 136 Publicly-Listed Companies 1.62x
CPSE:BNORDIK CSE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:BNORDIK CSE Share Price ÷ Book Value per Share (both in DKK)

= 108 ÷ 205.46

0.53x

* Primary Listing of P/F BankNordik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • P/F BankNordik is good value based on assets compared to the DK Banks industry average.
X
Value checks
We assess P/F BankNordik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. P/F BankNordik has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BNORDIK CSE Future Performance

 How is P/F BankNordik expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is P/F BankNordik expected to grow at an attractive rate?
  • P/F BankNordik's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • P/F BankNordik's earnings are expected to decrease over the next 1-3 years, this is below the Denmark market average.
  • P/F BankNordik's revenues are expected to decrease over the next 1-3 years, this is below the Denmark market average.
Annual Growth Rates Comparison
Raw Data
CPSE:BNORDIK CSE Future Growth Rates Data Sources
Data Point Source Value (per year)
CPSE:BNORDIK CSE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -10.4%
CPSE:BNORDIK CSE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.9%
Denmark Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
Denmark Banks Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CPSE:BNORDIK CSE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:BNORDIK CSE Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 667 149 1
2020-12-31 654 142 1
2019-12-31 640 163 1
CPSE:BNORDIK CSE Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-03-31 716 -746 196
2018-12-31 739 -650 262
2018-09-30 781 -241 306
2018-06-30 747 -207 270
2018-03-31 749 -265 262
2017-12-31 715 169 189
2017-09-30 652 -232 133
2017-06-30 669 -265 160
2017-03-31 672 119 166
2016-12-31 664 266 149
2016-09-30 690 684 -195
2016-06-30 678 539 -223

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • P/F BankNordik's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • P/F BankNordik's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CPSE:BNORDIK CSE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from P/F BankNordik Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:BNORDIK CSE Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 15.94 15.94 15.94 1.00
2020-12-31 15.05 15.05 15.05 1.00
2019-12-31 17.12 17.12 17.12 1.00
CPSE:BNORDIK CSE Past Financials Data
Date (Data in DKK Millions) EPS *
2019-03-31 20.36
2018-12-31 27.12
2018-09-30 31.38
2018-06-30 27.80
2018-03-31 27.08
2017-12-31 19.45
2017-09-30 13.66
2017-06-30 16.47
2017-03-31 16.88
2016-12-31 15.21
2016-09-30 -19.82
2016-06-30 -22.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • P/F BankNordik is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess P/F BankNordik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Denmark market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Denmark market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
P/F BankNordik has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BNORDIK CSE Past Performance

  How has P/F BankNordik performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare P/F BankNordik's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • P/F BankNordik has delivered over 20% year on year earnings growth in the past 5 years.
  • P/F BankNordik's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • P/F BankNordik's 1-year earnings growth is negative, it can't be compared to the DK Banks industry average.
Earnings and Revenue History
P/F BankNordik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from P/F BankNordik Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:BNORDIK CSE Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 716.19 196.06 467.34
2018-12-31 739.35 262.10 406.96
2018-09-30 780.76 306.44 386.86
2018-06-30 746.74 269.97 400.28
2018-03-31 749.02 262.29 425.47
2017-12-31 715.18 189.08 481.85
2017-09-30 651.88 132.51 479.68
2017-06-30 669.23 160.37 474.61
2017-03-31 672.48 165.64 470.10
2016-12-31 663.77 149.17 471.37
2016-09-30 690.13 -195.19 494.23
2016-06-30 678.25 -222.57 501.51
2016-03-31 658.78 -271.33 528.76
2015-12-31 682.69 -254.56 538.26
2015-09-30 658.68 -177.02 517.28
2015-06-30 639.30 -164.74 480.58
2015-03-31 678.74 -124.52 476.68
2014-12-31 666.67 -145.94 483.73
2014-09-30 703.04 95.10 506.61
2014-06-30 750.12 90.92 546.61
2014-03-31 746.87 103.32 550.03
2013-12-31 745.42 92.40 567.00
2013-09-30 746.61 135.89 581.98
2013-06-30 778.54 158.52 597.50
2013-03-31 740.00 107.16 620.36
2012-12-31 778.31 103.07 668.59
2012-09-30 777.35 40.11 727.11
2012-06-30 772.34 12.84 763.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • P/F BankNordik has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • P/F BankNordik used its assets more efficiently than the DK Banks industry average last year based on Return on Assets.
  • Unable to establish if P/F BankNordik improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess P/F BankNordik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
P/F BankNordik has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BNORDIK CSE Health

 How is P/F BankNordik's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of P/F BankNordik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from P/F BankNordik Company Filings, last reported 2 months ago.

CPSE:BNORDIK CSE Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,965.33 306.76 920.24
2018-12-31 1,986.75 549.72 5,475.54
2018-09-30 1,948.57 544.28 1,028.24
2018-06-30 1,890.90 663.59 1,110.35
2018-03-31 1,853.13 608.40 1,029.99
2017-12-31 1,820.09 613.40 4,889.22
2017-09-30 1,742.99 544.73 987.85
2017-06-30 1,718.38 548.93 1,540.85
2017-03-31 1,674.67 519.43 932.20
2016-12-31 1,922.04 624.80 5,651.39
2016-09-30 1,910.55 716.61 1,353.95
2016-06-30 1,811.54 837.75 1,400.25
2016-03-31 1,767.24 1,042.13 952.93
2015-12-31 1,766.34 1,101.84 4,018.71
2015-09-30 2,073.29 1,022.41 556.79
2015-06-30 2,041.23 1,127.82 968.41
2015-03-31 2,035.12 1,047.15 883.31
2014-12-31 1,999.20 1,147.51 4,200.51
2014-09-30 2,219.25 1,090.88 918.73
2014-06-30 2,180.86 801.54 885.39
2014-03-31 2,135.33 1,462.49 1,455.69
2013-12-31 2,156.00 1,885.28 4,480.09
2013-09-30 2,155.38 1,835.43 1,088.24
2013-06-30 2,124.95 2,054.85 1,235.88
2013-03-31 2,063.49 2,043.96 1,582.43
2012-12-31 2,053.36 2,050.09 990.55
2012-09-30 2,012.72 1,959.52 1,375.17
2012-06-30 1,957.25 1,845.51 984.16
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • P/F BankNordik has an acceptable proportion of non-loan assets held.
  • P/F BankNordik's liabilities are made up of primarily low risk sources of funding.
  • Loans at P/F BankNordik are broadly funded by customer deposits.
  • P/F BankNordik's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • P/F BankNordik has a low allowance for bad loans.
  • P/F BankNordik has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess P/F BankNordik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. P/F BankNordik has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BNORDIK CSE Dividends

 What is P/F BankNordik's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.48%
Current annual income from P/F BankNordik dividends. Estimated to be 5.11% next year.
If you bought DKK2,000 of P/F BankNordik shares you are expected to receive DKK130 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • P/F BankNordik's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.64%).
  • P/F BankNordik's dividend is above the markets top 25% of dividend payers in Denmark (4.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CPSE:BNORDIK CSE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Denmark Banks Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 6.7%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.4%
Denmark Minimum Threshold Dividend Yield 10th Percentile 1%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CPSE:BNORDIK CSE Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.96 1.00
2020-12-31 5.61 1.00
2019-12-31 4.99 1.00
CPSE:BNORDIK CSE Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-03-21 7.000 6.368
2018-02-27 4.000 3.608
2016-02-25 2.000 1.611
2015-03-25 2.000 1.556
2014-03-24 1.500 1.353
2013-03-08 1.000 0.877
2012-11-13 0.000 0.000
2012-08-17 0.000 0.000
2012-05-15 0.000 0.000
2012-03-20 0.000 0.000
2011-03-16 4.000 4.573
2009-11-05 0.000 0.000
2009-08-05 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • P/F BankNordik has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but P/F BankNordik only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of P/F BankNordik's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess P/F BankNordik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can P/F BankNordik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. P/F BankNordik has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BNORDIK CSE Management

 What is the CEO of P/F BankNordik's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Árni Ellefsen
COMPENSATION DKK3,301,000
AGE 52
TENURE AS CEO 3.8 years
CEO Bio

Mr. Árni Ellefsen has been the Chief Executive Officer of BankNordik P/F since September 25, 2015 and has been its Member of Executive Board since October 2015. Mr. Ellefsen served as the Chief Financial Officer of BankNordik P/F until September 30, 2015. He served as Head of Finance & Risk Management - Business Unit at BankNordik P/F. He worked at KPMG in Copenhagen and was a partner at the auditing firm Spekt. He joined BankNordik from the position as Director of the Faroese IT company NEMA. Mr. Ellefsen is M.Sc. from Copenhagen Business School and Chartered Accountant.

CEO Compensation
  • Árni's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Árni's remuneration is about average for companies of similar size in Denmark.
Management Team Tenure

Average tenure of the P/F BankNordik management team in years:

3.8
Average Tenure
  • The tenure for the P/F BankNordik management team is about average.
Management Team

Árni Ellefsen

TITLE
CEO & Member of Executive Board
COMPENSATION
DKK3M
AGE
52
TENURE
3.8 yrs

Rune Nørregaard

TITLE
CFO & Chief Credit Officer
TENURE
2.4 yrs

Turið Arge

TITLE
Chief Operating Officer

Cecil Weihe

TITLE
Head of Accounting & Controlling

Carl Olsen

TITLE
IR Officer

Klaus Waidtløw

TITLE
Head of Sales & Trading

Ingi Vestergaard

TITLE
Head of IT and Development

Niels Joensen

TITLE
Head of Retail Banking

Jón Simonsen

TITLE
Head of P/F Skyn
TENURE
8.8 yrs

Guðmundur Jónsson

TITLE
Head of Vørður Tryggingar HF
Board of Directors Tenure

Average tenure and age of the P/F BankNordik board of directors in years:

1.4
Average Tenure
52
Average Age
  • The average tenure for the P/F BankNordik board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stine Bosse

TITLE
Chairman of the Board
COMPENSATION
DKK625K
AGE
58
TENURE
4.3 yrs

Barbara Vang

TITLE
Deputy Chairman
COMPENSATION
DKK350K
AGE
46
TENURE
1.3 yrs

Jógvan Jespersen

TITLE
Director
COMPENSATION
DKK250K
AGE
63
TENURE
4.3 yrs

Kenneth Samuelsen

TITLE
Employee Representative Director
COMPENSATION
DKK200K
AGE
52
TENURE
9.2 yrs

Dan Rasmussen

TITLE
Employee Representative Director
COMPENSATION
DKK150K
AGE
64
TENURE
1.4 yrs

Alexandur Johansen

TITLE
Group Representative Director
COMPENSATION
DKK150K
AGE
39
TENURE
1.4 yrs

John Holm

TITLE
Director
COMPENSATION
DKK150K
AGE
48
TENURE
1.3 yrs

Kim Jacobsen

TITLE
Director
COMPENSATION
DKK250K
AGE
66
TENURE
2.3 yrs

Gunnar Nielsen

TITLE
Director
AGE
41
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (DKK) Value (DKK)
X
Management checks
We assess P/F BankNordik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. P/F BankNordik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BNORDIK CSE News

Simply Wall St News

P/F BankNordik (CPH:BNORDIK CSE) Has Got What It Takes To Be An Attractive Dividend Stock

Investors are often drawn to a company for its dividend. … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. … In this case, P/F BankNordik likely looks attractive to dividend investors, given its 6.4% dividend yield and eight-year payment history.

Simply Wall St -

How Many P/F BankNordik (CPH:BNORDIK CSE) Shares Do Institutions Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … P/F BankNordik is a smaller company with a market capitalization of ø1.0b, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Does P/F BankNordik's (CPH:BNORDIK CSE) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Árni Ellefsen's Compensation Compare With Similar Sized Companies. … We examined companies with market caps from ø660m to ø2.6b, and discovered that the median CEO total compensation of that group was ø3.6m.

Simply Wall St -

BNORDIK CSE Company Info

Description

P/F BankNordik, together with its subsidiaries, provides various banking products and services for individual and corporate customers in the Faroe Islands, Denmark, and Greenland. The company operates in two segments, Banking and Non-Life Insurance. It provides personal and corporate banking services; a range of property and casualty insurance products under the Trygd brand, and life insurance products under NordikLív brand; and real estate agency services under the Skyn brand. The company operates through a network of 21 banking branches. P/F BankNordik was founded in 1906 and is headquartered in Tórshavn, Denmark.

Details
Name: P/F BankNordik
BNORDIK CSE
Exchange: CPSE
Founded: 1906
DKK1,028,958,552
9,527,394
Website: http://www.banknordik.fo
Address: P/F BankNordik
Oknarvegur 5,
PO Box 3048,
Tórshavn,
The Faroe Islands, 110,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE BNORDIK CSE Share Capital OMX Nordic Exchange Copenhagen DK DKK 25. Jun 2007
BATS-CHIXE BNORDC Share Capital BATS 'Chi-X Europe' GB DKK 25. Jun 2007
Number of employees
Current staff
Staff numbers
393
P/F BankNordik employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 21:05
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/03
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.