Danske Bank A/S

CPSE:DANSKE Stock Report

Market Cap: DKK 166.9b

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 (DKK200) is trading below our estimate of fair value (DKK541.54)

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?

Key metric: As DANSKE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DANSKE. This is calculated by dividing DANSKE's market cap by their current earnings.
What is DANSKE's PE Ratio?
PE Ratio7.1x
EarningsDKK 23.40b
Market CapDKK 166.94b

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 Average5.8x
JYSK Jyske Bank
5.5x-5.2%DKK 30.7b
SYDB Sydbank
5.8x-12.4%DKK 19.0b
SPKSJF Sparekassen Sjælland-Fyn
7.2xn/aDKK 4.1b
LASP Lån & Spar Bank
4.7xn/aDKK 2.4b
DANSKE Danske Bank
7.1x-7.2%DKK 166.9b

Price-To-Earnings vs Peers: DANSKE is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (5.8x).

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
No more companies available in this PE range
DANSKE 7.1xIndustry Avg. 7.6xNo. of Companies11PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DANSKE is good value based on its Price-To-Earnings Ratio (7.1x) compared to the European Banks industry average (7.6x).

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 Ratio7.1x
Fair PE Ratio7.9x

Price-To-Earnings vs Fair Ratio: DANSKE is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.9x).

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
CurrentDKK 200.00
DKK 235.22
+17.6%
14.9%DKK 298.00DKK 145.00n/a16
Dec ’25DKK 202.70
DKK 234.94
+15.9%
15.4%DKK 298.00DKK 145.00n/a16
Nov ’25DKK 208.10
DKK 233.76
+12.3%
14.9%DKK 285.00DKK 145.00n/a16
Oct ’25DKK 195.90
DKK 232.82
+18.8%
14.5%DKK 274.00DKK 145.00n/a17
Sep ’25DKK 210.60
DKK 231.66
+10.0%
15.4%DKK 274.00DKK 145.00n/a15
Aug ’25DKK 206.30
DKK 228.42
+10.7%
15.2%DKK 272.00DKK 145.00n/a14
Jul ’25DKK 209.10
DKK 221.00
+5.7%
15.1%DKK 260.00DKK 145.00n/a13
Jun ’25DKK 210.70
DKK 219.23
+4.0%
15.2%DKK 260.00DKK 145.00n/a13
May ’25DKK 202.20
DKK 219.77
+8.7%
15.8%DKK 262.00DKK 145.00n/a13
Apr ’25DKK 206.60
DKK 218.62
+5.8%
16.6%DKK 272.00DKK 145.00n/a13
Mar ’25DKK 204.20
DKK 217.06
+6.3%
14.7%DKK 260.00DKK 145.00n/a16
Feb ’25DKK 185.05
DKK 208.07
+12.4%
15.7%DKK 256.00DKK 145.00n/a15
Jan ’25DKK 180.40
DKK 207.93
+15.3%
15.6%DKK 256.00DKK 145.00n/a15
Dec ’24DKK 177.20
DKK 202.00
+14.0%
14.6%DKK 240.00DKK 145.00DKK 202.7016
Nov ’24DKK 167.30
DKK 201.69
+20.6%
14.5%DKK 240.00DKK 145.00DKK 208.1016
Oct ’24DKK 164.35
DKK 194.31
+18.2%
15.8%DKK 240.00DKK 140.00DKK 195.9016
Sep ’24DKK 154.20
DKK 191.71
+24.3%
16.3%DKK 240.00DKK 140.00DKK 210.6017
Aug ’24DKK 159.90
DKK 190.65
+19.2%
16.3%DKK 240.00DKK 140.00DKK 206.3017
Jul ’24DKK 166.00
DKK 181.94
+9.6%
15.7%DKK 230.00DKK 130.00DKK 209.1017
Jun ’24DKK 144.00
DKK 175.41
+21.8%
13.3%DKK 205.00DKK 130.00DKK 210.7017
May ’24DKK 145.75
DKK 172.63
+18.4%
12.7%DKK 205.00DKK 130.00DKK 202.2016
Apr ’24DKK 138.00
DKK 169.38
+22.7%
12.0%DKK 205.00DKK 130.00DKK 206.6016
Mar ’24DKK 161.60
DKK 165.71
+2.5%
13.3%DKK 205.00DKK 125.00DKK 204.2017
Feb ’24DKK 143.80
DKK 159.35
+10.8%
12.6%DKK 182.00DKK 121.00DKK 185.0517
Jan ’24DKK 137.30
DKK 147.06
+7.1%
13.4%DKK 180.00DKK 113.00DKK 180.4018
Dec ’23DKK 128.90
DKK 146.61
+13.7%
14.0%DKK 180.00DKK 107.00DKK 177.2018

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 21:40
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Danske Bank A/S is covered by 43 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mads ThinggaardABG Sundal Collier
Fridtjof BerentsArctic Securities ASA
Christoffer Eric RosquistBarclays