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DANS

Danske Bank CPSE:DANSKE Stock Report

Last Price

kr.101.90

Market Cap

kr.86.8b

7D

-0.3%

1Y

-7.3%

Updated

17 Aug, 2022

Data

Company Financials +
DANSKE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends4/6

DANSKE Stock Overview

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients.

Danske Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Danske Bank
Historical stock prices
Current Share Pricekr.101.90
52 Week Highkr.133.25
52 Week Lowkr.93.56
Beta1
1 Month Change4.23%
3 Month Change-3.96%
1 Year Change-7.32%
3 Year Change14.49%
5 Year Change-58.07%
Change since IPO225.56%

Recent News & Updates

Shareholder Returns

DANSKEDK BanksDK Market
7D-0.3%0.2%-1.3%
1Y-7.3%-1.4%-7.2%

Return vs Industry: DANSKE underperformed the Danish Banks industry which returned -0.7% over the past year.

Return vs Market: DANSKE matched the Danish Market which returned -6.8% over the past year.

Price Volatility

Is DANSKE's price volatile compared to industry and market?
DANSKE volatility
DANSKE Average Weekly Movement4.3%
Banks Industry Average Movement3.8%
Market Average Movement5.9%
10% most volatile stocks in DK Market11.0%
10% least volatile stocks in DK Market3.2%

Stable Share Price: DANSKE is less volatile than 75% of Danish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DANSKE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187121,663Carsten Egeriishttps://www.danskebank.com

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers corporate finance services, investment and debt capital markets products, merger and acquisition advisory services, equity and loan capital markets services, international payments, cash management, credit transfer, and supply chain and trade finance services. It also provides solutions for sustainable finance, derivatives, fixed income, foreign exchange, equities trading, cash flow forecast, collection services, financial platform, export finance, letter of credit, liquidity management, factoring, working capital management, guarantees, and in-house bank.

Danske Bank Fundamentals Summary

How do Danske Bank's earnings and revenue compare to its market cap?
DANSKE fundamental statistics
Market Capkr.86.75b
Earnings (TTM)kr.11.23b
Revenue (TTM)kr.45.49b

7.7x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DANSKE income statement (TTM)
Revenuekr.45.49b
Cost of Revenuekr.0
Gross Profitkr.45.49b
Other Expenseskr.34.25b
Earningskr.11.23b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)13.19
Gross Margin100.00%
Net Profit Margin24.70%
Debt/Equity Ratio949.5%

How did DANSKE perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

57%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

DANSKE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

DANSKE PE Ratio vs Peers
The above table shows the PE ratio for DANSKE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.2x
JYSK Jyske Bank
8.6x6.5%kr.25.9b
SYDB Sydbank
8.4x0.6%kr.12.8b
SPKSJF Sparekassen Sjælland-Fyn
8.9x8.7%kr.3.0b
LASP Lån & Spar Bank
11xn/akr.2.3b
DANSKE Danske Bank
7.7x13.5%kr.86.8b

Price-To-Earnings vs Peers: DANSKE is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (9.2x).


Price to Earnings Ratio vs Industry

How does DANSKE's PE Ratio compare vs other companies in the DK Banks Industry?

Price-To-Earnings vs Industry: DANSKE is good value based on its Price-To-Earnings Ratio (7.7x) compared to the Danish Banks industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is DANSKE'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.

DANSKE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: DANSKE is good value based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).


Share Price vs Fair Value

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

Below Fair Value: DANSKE (DKK101.9) is trading below our estimate of fair value (DKK175.42)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Danske Bank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DANSKE's forecast earnings growth (13.5% per year) is above the savings rate (0.1%).

Earnings vs Market: DANSKE's earnings (13.5% per year) are forecast to grow faster than the Danish market (8.1% per year).

High Growth Earnings: DANSKE's earnings are forecast to grow, but not significantly.

Revenue vs Market: DANSKE's revenue (5.2% per year) is forecast to grow slower than the Danish market (6.1% per year).

High Growth Revenue: DANSKE's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DANSKE's Return on Equity is forecast to be low in 3 years time (7.6%).


Discover growth companies

Past Performance

How has Danske Bank performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DANSKE has high quality earnings.

Growing Profit Margin: DANSKE's current net profit margins (24.7%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: DANSKE's earnings have declined by 17.7% per year over the past 5 years.

Accelerating Growth: DANSKE's earnings growth over the past year (24.5%) exceeds its 5-year average (-17.7% per year).

Earnings vs Industry: DANSKE earnings growth over the past year (24.5%) underperformed the Banks industry 24.5%.


Return on Equity

High ROE: DANSKE's Return on Equity (6.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Danske Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

2/6

Financial Health Score 2/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: DANSKE's Assets to Equity ratio (23.8x) is very high.

Allowance for Bad Loans: DANSKE has a low allowance for bad loans (57%).

Low Risk Liabilities: 65% of DANSKE's liabilities are made up of primarily higher risk sources of funding.

Loan Level: DANSKE has an appropriate level of Loans to Assets ratio (50%).

Low Risk Deposits: DANSKE's Loans to Deposits ratio (147%) is high.

Level of Bad Loans: DANSKE has an appropriate level of bad loans (1.7%).


Discover healthy companies

Dividend

What is Danske Bank current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DANSKE's dividend (7.36%) is higher than the bottom 25% of dividend payers in the Danish market (1.48%).

High Dividend: DANSKE's dividend (7.36%) is in the top 25% of dividend payers in the Danish market (6.32%)


Stability and Growth of Payments

Stable Dividend: DANSKE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DANSKE's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57%), DANSKE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DANSKE's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Carsten Egeriis (46 yo)

5yrs

Tenure

kr.16,920,000

Compensation

Mr. Carsten Rasch Egeriis had been Chairman of Realkredit Danmark A/S since June 9, 2020 until July 21 2021. Mr. Egeriis served as Deputy Chairman of Realkredit Danmark A/S since July 15, 2019 until June 9...


CEO Compensation Analysis

Compensation vs Market: Carsten's total compensation ($USD2.31M) is about average for companies of similar size in the Danish market ($USD3.16M).

Compensation vs Earnings: Carsten's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: DANSKE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: DANSKE's board of directors are considered experienced (5 years average tenure).


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

Danske Bank A/S's employee growth, exchange listings and data sources


Key Information

  • Name: Danske Bank A/S
  • Ticker: DANSKE
  • Exchange: CPSE
  • Founded: 1871
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: kr.86.751b
  • Shares outstanding: 851.33m
  • Website: https://www.danskebank.com

Number of Employees


Location

  • Danske Bank A/S
  • Holmens Kanal 2-12
  • Copenhagen-K
  • Copenhagen
  • Capital Region of Denmark
  • 1092
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.