Danske Bank A/S

CPSE:DANSKE Stock Report

Market Cap: kr.165.3b

Danske Bank Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 DANSKE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DANSKE (DKK193.65) is trading below our estimate of fair value (DKK478.01)

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

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 Ratio-4.3x

Price to Earnings Ratio vs Peers

How does DANSKE's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.9x
JYSK Jyske Bank
6.4x-8.2%kr.36.6b
SYDB Sydbank
5.6x-12.4%kr.19.2b
SPKSJF Sparekassen Sjælland-Fyn
6.4x-2.4%kr.3.5b
LASP Lån & Spar Bank
5.2xn/akr.2.5b
DANSKE Danske Bank
7.6x-1.8%kr.165.3b

Price-To-Earnings vs Peers: DANSKE is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (5.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-3.8%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-3.8%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: DANSKE is good value based on its Price-To-Earnings Ratio (7.6x) compared to the European Banks industry average (7.7x).

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 Ratio7.6x
Fair PE Ratio8.5x

Price-To-Earnings vs Fair Ratio: DANSKE is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).

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 DANSKE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr.193.65
kr.219.92
+13.6%
15.7%kr.262.00kr.145.00n/a13
Apr ’25kr.206.60
kr.218.62
+5.8%
16.6%kr.272.00kr.145.00n/a13
Mar ’25kr.204.20
kr.217.06
+6.3%
14.7%kr.260.00kr.145.00n/a16
Feb ’25kr.185.05
kr.208.07
+12.4%
15.7%kr.256.00kr.145.00n/a15
Jan ’25kr.180.40
kr.207.93
+15.3%
15.6%kr.256.00kr.145.00n/a15
Dec ’24kr.177.20
kr.202.00
+14.0%
14.6%kr.240.00kr.145.00n/a16
Nov ’24kr.167.30
kr.201.69
+20.6%
14.5%kr.240.00kr.145.00n/a16
Oct ’24kr.164.35
kr.194.31
+18.2%
15.8%kr.240.00kr.140.00n/a16
Sep ’24kr.154.20
kr.191.71
+24.3%
16.3%kr.240.00kr.140.00n/a17
Aug ’24kr.159.90
kr.190.65
+19.2%
16.3%kr.240.00kr.140.00n/a17
Jul ’24kr.166.00
kr.181.94
+9.6%
15.7%kr.230.00kr.130.00n/a17
Jun ’24kr.144.00
kr.175.41
+21.8%
13.3%kr.205.00kr.130.00n/a17
May ’24kr.145.75
kr.172.63
+18.4%
12.7%kr.205.00kr.130.00kr.202.2016
Apr ’24kr.138.00
kr.169.38
+22.7%
12.0%kr.205.00kr.130.00kr.206.6016
Mar ’24kr.161.60
kr.165.71
+2.5%
13.3%kr.205.00kr.125.00kr.204.2017
Feb ’24kr.143.80
kr.159.35
+10.8%
12.6%kr.182.00kr.121.00kr.185.0517
Jan ’24kr.137.30
kr.147.06
+7.1%
13.4%kr.180.00kr.113.00kr.180.4018
Dec ’23kr.128.90
kr.146.61
+13.7%
14.0%kr.180.00kr.107.00kr.177.2018
Nov ’23kr.121.35
kr.132.61
+9.3%
18.7%kr.180.00kr.90.00kr.167.3018
Oct ’23kr.94.84
kr.128.35
+35.3%
18.0%kr.180.00kr.93.00kr.164.3517
Sep ’23kr.96.84
kr.129.61
+33.8%
17.3%kr.180.00kr.95.00kr.154.2018
Aug ’23kr.100.50
kr.130.72
+30.1%
18.1%kr.180.00kr.95.00kr.159.9018
Jul ’23kr.100.35
kr.130.00
+29.5%
17.1%kr.180.00kr.95.00kr.166.0017
Jun ’23kr.112.40
kr.134.22
+19.4%
16.4%kr.180.00kr.102.00kr.144.0018
May ’23kr.109.10
kr.132.47
+21.4%
17.4%kr.180.00kr.95.00kr.145.7519

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

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