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BNOR

P/F BankNordikCPSE:BNORDIK CSE Stock Report

Last Price

kr.153.00

Market Cap

kr.1.5b

7D

5.2%

1Y

-1.9%

Updated

17 Jan, 2022

Data

Company Financials +
BNORDIK CSE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends5/6

BNORDIK CSE Stock Overview

P/F BankNordik, together with its subsidiaries, provides various banking products and services for individual and corporate customers in the Faroe Islands and Greenland.

Price History & Performance

Summary of all time highs, changes and price drops for P/F BankNordik
Historical stock prices
Current Share Pricekr.153.00
52 Week Highkr.179.00
52 Week Lowkr.128.00
Beta0.50
1 Month Change9.29%
3 Month Change-11.05%
1 Year Change-1.92%
3 Year Change41.01%
5 Year Change8.51%
Change since IPO-39.53%

Recent News & Updates

Shareholder Returns

BNORDIK CSEDK BanksDK Market
7D5.2%6.3%-1.3%
1Y-1.9%28.1%9.9%

Return vs Industry: BNORDIK CSE underperformed the Danish Banks industry which returned 31.9% over the past year.

Return vs Market: BNORDIK CSE underperformed the Danish Market which returned 10.1% over the past year.

Price Volatility

Is BNORDIK CSE's price volatile compared to industry and market?
BNORDIK CSE volatility
BNORDIK CSE Average Weekly Movement7.2%
Banks Industry Average Movement3.5%
Market Average Movement5.1%
10% most volatile stocks in DK Market10.2%
10% least volatile stocks in DK Market3.0%

Stable Share Price: BNORDIK CSE is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BNORDIK CSE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a199Arni Ellefsenhttps://www.banknordik.fo

P/F BankNordik, together with its subsidiaries, provides various banking products and services for individual and corporate customers in the Faroe Islands 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.

P/F BankNordik Fundamentals Summary

How do P/F BankNordik's earnings and revenue compare to its market cap?
BNORDIK CSE fundamental statistics
Market Capkr.1.46b
Earnings (TTM)kr.149.15m
Revenue (TTM)kr.444.63m

9.8x

P/E Ratio

0.6x

P/B Ratio

Is BNORDIK CSE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BNORDIK CSE income statement (TTM)
Revenuekr.444.63m
Cost of Revenuekr.0
Gross Profitkr.444.63m
Expenseskr.295.48m
Earningskr.149.15m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 25, 2022

Earnings per share (EPS)15.62
Gross Margin100.00%
Net Profit Margin33.54%
Debt/Equity Ratio38.9%

How did BNORDIK CSE perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is P/F BankNordik undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BNORDIK CSE (DKK153) is trading below our estimate of fair value (DKK338.5)

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


Price To Earnings Ratio

PE vs Industry: BNORDIK CSE's PE Ratio (9.8x) is in line with the Danish Banks industry average.

PE vs Market: BNORDIK CSE is good value based on its PE Ratio (9.8x) compared to the Danish market (17x).


Price to Earnings Growth Ratio

PEG Ratio: BNORDIK CSE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BNORDIK CSE is good value based on its PB Ratio (0.6x) compared to the DK Banks industry average (0.9x).


Future Growth

How is P/F BankNordik forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNORDIK CSE's earnings are forecast to decline over the next 3 years (-10.4% per year).

Earnings vs Market: BNORDIK CSE's earnings are forecast to decline over the next 3 years (-10.4% per year).

High Growth Earnings: BNORDIK CSE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BNORDIK CSE's revenue (2.3% per year) is forecast to grow slower than the Danish market (6.7% per year).

High Growth Revenue: BNORDIK CSE's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BNORDIK CSE's Return on Equity is forecast to be low in 3 years time (9.5%).


Past Performance

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

2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNORDIK CSE has high quality earnings.

Growing Profit Margin: BNORDIK CSE's current net profit margins (33.5%) are higher than last year (31.8%).


Past Earnings Growth Analysis

Earnings Trend: BNORDIK CSE has become profitable over the past 5 years, growing earnings by 2.6% per year.

Accelerating Growth: BNORDIK CSE's earnings growth over the past year (183.3%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: BNORDIK CSE earnings growth over the past year (183.3%) exceeded the Banks industry 61.1%.


Return on Equity

High ROE: BNORDIK CSE's Return on Equity (5.8%) is considered low.


Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BNORDIK CSE's Assets to Equity ratio (4.5x) is low.

Allowance for Bad Loans: BNORDIK CSE has a low allowance for bad loans (67%).

Low Risk Liabilities: 84% of BNORDIK CSE's liabilities are made up of primarily low risk sources of funding.

Loan Level: BNORDIK CSE has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: BNORDIK CSE's Loans to Deposits ratio (102%) is appropriate.

Level of Bad Loans: BNORDIK CSE has a high level of bad loans (5.8%).


Dividend

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

3.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNORDIK CSE's dividend (3.27%) is higher than the bottom 25% of dividend payers in the Danish market (1.17%).

High Dividend: BNORDIK CSE's dividend (3.27%) is in the top 25% of dividend payers in the Danish market (3.24%)


Stability and Growth of Payments

Stable Dividend: BNORDIK CSE's dividend payments have been volatile in the past 10 years.

Growing Dividend: BNORDIK CSE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.1%), BNORDIK CSE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BNORDIK CSE's dividends in 3 years are forecast to be covered by earnings (88.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Arni Ellefsen (55 yo)

6.42yrs

Tenure

kr.3,446,000

Compensation

Mr. Arni Ellefsen has been the Chief Executive Officer of P/F BankNordik (formerly known as BankNordik P/F) since September 25, 2015 and has been its Member of Executive Board since October 2015. He serves...


CEO Compensation Analysis

Compensation vs Market: Arni's total compensation ($USD528.14K) is about average for companies of similar size in the Danish market ($USD528.89K).

Compensation vs Earnings: Arni's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BNORDIK CSE's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: BNORDIK CSE's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

P/F BankNordik's employee growth, exchange listings and data sources


Key Information

  • Name: P/F BankNordik
  • Ticker: BNORDIK CSE
  • Exchange: CPSE
  • Founded: NaN
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: kr.1.461b
  • Shares outstanding: 9.55m
  • Website: https://www.banknordik.fo

Number of Employees


Location

  • P/F BankNordik
  • Oknarvegur 5
  • PO Box 3048
  • Tórshavn
  • The Faroe Islands
  • 110
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:05
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.