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Djurslands Bank

CPSE:DJUR
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DJUR
CPSE
DKK669M
Market Cap
  1. Home
  2. DK
  3. Banks
Company description

Djurslands Bank A/S provides various banking products and services in Denmark. The last earnings update was 75 days ago. More info.


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DJUR Share Price and Events
7 Day Returns
2.5%
CPSE:DJUR
-0.1%
DK Banks
0.4%
DK Market
1 Year Returns
7.8%
CPSE:DJUR
-6.5%
DK Banks
1%
DK Market
DJUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Djurslands Bank (DJUR) 2.5% 3.3% 1.6% 7.8% 22.9% 25.9%
DK Banks -0.1% -0% -0.2% -6.5% 2.3% -13.6%
DK Market 0.4% -1.3% 1.3% 1% 11.9% 39.5%
1 Year Return vs Industry and Market
  • DJUR outperformed the Banks industry which returned -6.5% over the past year.
  • DJUR outperformed the Market in Denmark which returned 1% over the past year.
Price Volatility
DJUR
Industry
5yr Volatility vs Market

DJUR Value

 Is Djurslands Bank 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 Djurslands Bank 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 Djurslands Bank.

CPSE:DJUR 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
= DKK371.99 * 8.6%
DKK32.15
Book Value of Equity per Share Median Book Value from the past 5 years. DKK371.99
Discount Rate (Cost of Equity) See below 5.2%
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:DJUR
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 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 22%) (34.26%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (0.837 * 5.96%)
5.2%

Discounted Cash Flow Calculation for CPSE:DJUR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Djurslands Bank 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:DJUR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 5.2%) * DKK371.99)
DKK12.81
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK12.81 / (5.2% - 0.21%)
DKK256.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK371.99 + DKK256.87
DKK628.86
CPSE:DJUR Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK628.86
Current discount Discount to share price of DKK250.00
= -1 x (DKK250.00 - DKK628.86) / DKK628.86
60.2%

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

Current Discount
Amount off the current price Djurslands Bank is available for.
Intrinsic value
>50%
Share price is DKK250 vs Future cash flow value of DKK628.86
Current Discount Checks
For Djurslands Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Djurslands Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Djurslands Bank'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 Djurslands Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Djurslands Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:DJUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in DKK DKK26.96
CPSE:DJUR Share Price ** CPSE (2019-07-22) in DKK DKK250
Denmark Banks Industry PE Ratio Median Figure of 20 Publicly-Listed Banks Companies 8.39x
Denmark Market PE Ratio Median Figure of 99 Publicly-Listed Companies 18.33x

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

** Primary Listing of Djurslands Bank.

CPSE:DJUR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 250 ÷ 26.96

9.27x

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

  • Djurslands Bank is overvalued based on earnings compared to the DK Banks industry average.
  • Djurslands Bank is good value based on earnings compared to the Denmark market.
Price based on expected Growth
Does Djurslands Bank's expected growth come at a high price?
Raw Data
CPSE:DJUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9%per year
Denmark Banks Industry PEG Ratio Median Figure of 5 Publicly-Listed Banks Companies -0.51x
Denmark Market PEG Ratio Median Figure of 43 Publicly-Listed Companies 1.74x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Djurslands Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Djurslands Bank's assets?
Raw Data
CPSE:DJUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in DKK DKK393.62
CPSE:DJUR Share Price * CPSE (2019-07-22) in DKK DKK250
Denmark Banks Industry PB Ratio Median Figure of 20 Publicly-Listed Banks Companies 0.64x
Denmark Market PB Ratio Median Figure of 135 Publicly-Listed Companies 1.54x
CPSE:DJUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 250 ÷ 393.62

0.64x

* Primary Listing of Djurslands Bank.

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

  • Djurslands Bank is good value based on assets compared to the DK Banks industry average.
X
Value checks
We assess Djurslands Bank'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. Djurslands Bank has a total score of 4/6, 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.

DJUR Future Performance

 How is Djurslands Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Djurslands Bank, future earnings growth has been estimated based on fundamentals.
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
9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Djurslands Bank expected to grow at an attractive rate?
  • Djurslands Bank's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Djurslands Bank's earnings growth is positive but not above the Denmark market average.
  • Unable to compare Djurslands Bank's revenue growth to the Denmark market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CPSE:DJUR Future Growth Rates Data Sources
Data Point Source Value (per year)
CPSE:DJUR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9%
Denmark Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Denmark Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 10.8%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*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:DJUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:DJUR Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-03-31 348 72
2018-12-31 348 -197 72
2018-09-30 352 88
2018-06-30 360 98
2018-03-31 356 98
2017-12-31 351 -1,407 98
2017-09-30 352 104
2017-06-30 346 101
2017-03-31 324 86
2016-12-31 303 -1,020 74
2016-09-30 277 55
2016-06-30 263 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Djurslands Bank's earnings are expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Djurslands Bank is high growth as no revenue estimate data is available.
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:DJUR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Djurslands Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:DJUR Past Financials Data
Date (Data in DKK Millions) EPS *
2019-03-31 26.96
2018-12-31 27.04
2018-09-30 32.82
2018-06-30 36.77
2018-03-31 36.79
2017-12-31 36.66
2017-09-30 38.96
2017-06-30 37.96
2017-03-31 32.36
2016-12-31 28.00
2016-09-30 20.45
2016-06-30 16.74

*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.
  • Unable to establish if Djurslands Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Djurslands Bank'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.
Djurslands Bank has a total score of 1/6, 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.

DJUR Past Performance

  How has Djurslands Bank 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 Djurslands Bank'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.
  • Djurslands Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Djurslands Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Djurslands Bank's 1-year earnings growth is negative, it can't be compared to the DK Banks industry average.
Earnings and Revenue History
Djurslands Bank'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 Djurslands Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:DJUR Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 347.86 72.14 258.52
2018-12-31 347.71 72.35 255.88
2018-09-30 351.68 87.80 236.05
2018-06-30 359.77 98.38 232.70
2018-03-31 356.08 98.42 228.72
2017-12-31 351.23 98.08 224.30
2017-09-30 352.32 104.22 221.65
2017-06-30 345.60 100.89 219.25
2017-03-31 323.79 86.01 216.63
2016-12-31 303.41 74.38 211.13
2016-09-30 277.26 54.70 207.71
2016-06-30 262.74 44.72 203.38
2016-03-31 263.14 47.98 196.85
2015-12-31 274.91 58.77 191.90
2015-09-30 272.58 59.44 188.53
2015-06-30 280.97 68.23 185.85
2015-03-31 273.04 61.93 185.85
2014-12-31 265.44 57.06 186.14
2014-09-30 278.97 66.11 187.58
2014-06-30 267.44 58.17 185.94
2014-03-31 260.31 48.14 189.87
2013-12-31 248.38 37.05 190.01
2013-09-30 253.01 38.29 182.83
2013-06-30 255.98 38.89 189.27
2013-03-31 250.91 41.19 180.13
2012-12-31 258.54 47.12 180.15
2012-09-30 242.06 39.48 185.23

*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.
  • Djurslands Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Djurslands Bank used its assets less efficiently than the DK Banks industry average last year based on Return on Assets.
  • Unable to establish if Djurslands Bank 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 Djurslands Bank'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.
Djurslands Bank has a total score of 1/6, 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.

DJUR Health

 How is Djurslands Bank'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 Djurslands Bank'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 Djurslands Bank Company Filings, last reported 3 months ago.

CPSE:DJUR Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,053.05 229.11 158.78
2018-12-31 1,044.14 219.40 202.11
2018-09-30 1,042.21 268.14 164.76
2018-06-30 1,028.58 162.85 166.94
2018-03-31 996.97 168.99 165.06
2017-12-31 1,015.57 187.19 160.43
2017-09-30 995.18 259.89 159.76
2017-06-30 970.93 269.83 165.98
2017-03-31 942.40 262.35 138.00
2016-12-31 933.08 266.43 184.89
2016-09-30 909.56 363.38 95.15
2016-06-30 888.68 327.59 128.69
2016-03-31 874.56 585.11 155.24
2015-12-31 874.75 527.44 320.33
2015-09-30 870.90 288.51 193.67
2015-06-30 857.81 295.57 250.57
2015-03-31 844.34 411.88 240.58
2014-12-31 832.65 743.21 107.68
2014-09-30 828.13 542.17 45.53
2014-06-30 808.43 754.14 64.18
2014-03-31 795.93 831.96 74.12
2013-12-31 783.63 822.20 91.32
2013-09-30 773.83 1,063.38 68.44
2013-06-30 763.91 1,111.77 37.21
2013-03-31 761.24 1,214.15 44.63
2012-12-31 757.66 1,254.48 118.35
2012-09-30 739.93 1,213.18 36.57
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.
  • Djurslands Bank has an acceptable proportion of non-loan assets held.
  • Djurslands Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Djurslands Bank are broadly funded by customer deposits.
  • Djurslands Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Djurslands Bank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Djurslands Bank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Djurslands Bank'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. Djurslands Bank 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.

DJUR Dividends

 What is Djurslands Bank'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
2.4%
Current annual income from Djurslands Bank dividends.
If you bought DKK2,000 of Djurslands Bank shares you are expected to receive DKK48 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?
  • Djurslands Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.58%).
  • Djurslands Bank's dividend is below the markets top 25% of dividend payers in Denmark (4.65%).
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:DJUR 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 0 Analyst Estimates (S&P Global) See Below
Denmark Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.2%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 76 Stocks 2.2%
Denmark Minimum Threshold Dividend Yield 10th Percentile 0.9%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

CPSE:DJUR Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-06 6.000 2.414
2018-02-07 7.000 2.901
2017-02-08 7.000 2.784
2016-02-16 6.000 2.782
2015-02-18 5.500 2.216
2014-02-27 3.000 1.519
2013-02-20 2.500 1.504
2009-07-03 0.000 0.000
2009-03-03 0.000 0.000

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

  • Whilst dividend payments have been stable, Djurslands Bank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Djurslands Bank only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Djurslands Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Djurslands Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Djurslands Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Djurslands Bank has a total score of 2/6, see the detailed checks below.


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

DJUR Management

 What is the CEO of Djurslands Bank'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
Lars Kristensen
COMPENSATION DKK2,739,000
AGE 59
TENURE AS CEO 3.2 years
CEO Bio

Lars Møller Kristensen serves as Member of the Executive Board of Djurslands Bank A/S (“Djurslands Bank”) since 2014. Profession: Managing Director, Djurslands Bank. Education: Financial training, Graduate Diploma in Business Administration. Other directorships: Member of the Boards of Directors of: Bankdata JN Data Djurs Invest

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

Average tenure and age of the Djurslands Bank management team in years:

3.2
Average Tenure
59
Average Age
  • The tenure for the Djurslands Bank management team is about average.
Management Team

Lars Kristensen

TITLE
CEO, MD & Member of Executive Board
COMPENSATION
DKK3M
AGE
59
TENURE
3.2 yrs

Tina Klausen

TITLE
Head of Department
COMPENSATION
DKK19K
AGE
59

Helle Bærentsen

TITLE
Financial Adviser
COMPENSATION
DKK104K
AGE
53

Jonas Balslev

TITLE
Finance Manager & Chief Accountant
TENURE
4.1 yrs

Jens Mikkelsen

TITLE
Partner & COO
TENURE
2.3 yrs

Jens Reckweg

TITLE
Chief Audit Executive
Board of Directors Tenure

Average tenure and age of the Djurslands Bank board of directors in years:

3.3
Average Tenure
54
Average Age
  • The tenure for the Djurslands Bank board of directors is about average.
Board of Directors

Peter Sørensen

TITLE
Chairman of the Board
COMPENSATION
DKK260K
AGE
61
TENURE
3.3 yrs

Ejner Søby

TITLE
Vice Chairman of the Board
COMPENSATION
DKK208K
AGE
53
TENURE
3.3 yrs

Helle Bærentsen

TITLE
Financial Adviser
COMPENSATION
DKK104K
AGE
53
TENURE
13.5 yrs

Mikael Sørensen

TITLE
Director
COMPENSATION
DKK104K
AGE
56
TENURE
11.5 yrs

Peter Pedersen

TITLE
Director
COMPENSATION
DKK104K
AGE
64
TENURE
6.3 yrs

Bente Høg

TITLE
Director
COMPENSATION
DKK104K
AGE
54
TENURE
3.3 yrs

Anders Rasmussen

TITLE
Employee Representative Director
COMPENSATION
DKK104K
AGE
47
TENURE
1.9 yrs

Morten Svenningsen

TITLE
Director
AGE
38
TENURE
1.3 yrs

Merete Hoe

TITLE
Director
AGE
54
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (DKK) Value (DKK)
X
Management checks
We assess Djurslands Bank'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. Djurslands Bank 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.

DJUR News

Simply Wall St News

What Makes Djurslands Bank A/S (CPH:DJUR) A Great Dividend Stock?

Some simple analysis can reduce the risk of holding Djurslands Bank for its dividend, and we'll focus on the most important aspects below. … Djurslands Bank has been paying a dividend for the past six years. … However, it's also important to assess if earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. It's good to see Djurslands Bank has been growing its earnings per share at 14% a year over the past 5 years. Rapid earnings growth and a low payout ratio suggests this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does Djurslands Bank A/S's (CPH:DJUR) CEO Pay Reflect Performance?

See our latest analysis for Djurslands Bank How Does Lars Kristensen's Compensation Compare With Similar Sized Companies? … Our data indicates that Djurslands Bank A/S is worth ø658m, and total annual CEO compensation is ø2.7m. … The graphic below shows how CEO compensation at Djurslands Bank has changed from year to year.

Simply Wall St -

Introducing Djurslands Bank (CPH:DJUR), A Stock That Climbed 26% In The Last Five Years

Unfortunately for shareholders, while the Djurslands Bank A/S (CPH:DJUR) share price is up 26% in the last five years, that's less than the market return. … During five years of share price growth, Djurslands Bank achieved compound earnings per share (EPS) growth of 14% per year. … This EPS growth is higher than the 4.6% average annual increase in the share price.

Simply Wall St -

Should You Be Concerned About Djurslands Bank A/S’s (CPH:DJUR) Liquidity?

As a small-cap bank stock with a market capitalisation of ø669m, Djurslands Bank A/S’s (CPH:DJUR) risk and profitability are largely determined by the underlying economic growth of the DK regions in which it operates. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Today we will be measuring Djurslands Bank’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Read This Before Considering Djurslands Bank A/S (CPH:DJUR) For Its Upcoming ø6.00 Dividend

Djurslands Bank A/S (CPH:DJUR) will be distributing its dividend of ø6.00 per share on the 18 March 2019, and will start trading ex-dividend in 3 days time on the 14 March 2019. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

Here's What Djurslands Bank A/S's (CPH:DJUR) P/E Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Djurslands Bank has a price to earnings ratio of 9.24, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What To Know Before Buying Djurslands Bank A/S (CPH:DJUR) For Its Dividend

Historically, Djurslands Bank A/S (CPH:DJUR) has paid dividends to shareholders, and these days it yields 2.7%. … Let's take a look at Djurslands Bank in more detail. … Check out our latest analysis for Djurslands Bank?

Simply Wall St -

Can These Factors Give You An Edge In Djurslands Bank A/S (CPH:DJUR)?

As a small-cap bank stock with a market capitalisation of ø677m, Djurslands Bank A/S’s (CPH:DJUR) risk and profitability are largely determined by the underlying economic growth of the DK regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Djurslands Bank to vulnerabilities. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

Risk Factors To Consider Before Investing In Djurslands Bank A/S (CPH:DJUR)

As a small-cap bank with a market capitalisation of ø663m, Djurslands Bank A/S’s (CPH:DJUR) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Djurslands Bank’s bottom line. … Today I will take you through some bad debt and liability measures to analyse the level of risky assets held by the bank.

Simply Wall St -

Should You Worry About Djurslands Bank A/S's (CPH:DJUR) CEO Pay Check?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Lars Kristensen's Compensation Compare With Similar Sized Companies. … We looked at a group of companies with market capitalizations under ø1.3b, and the median CEO compensation was ø2m

Simply Wall St -

DJUR Company Info

Description

Djurslands Bank A/S provides various banking products and services in Denmark. The company accepts various deposits, such as payable on demand, at notice, time deposits, and special deposits. Its loan products include business loans and credits, private loans and credits, mortgage loans and credits, and car loans. The company also offers various mortgage, investment, pension, and insurance products. It serves private customers, small and medium-sized commercial enterprises, and public institutions. Djurslands Bank A/S was founded in 1965 and is based in Grenaa, Denmark.

Details
Name: Djurslands Bank A/S
DJUR
Exchange: CPSE
Founded: 1965
DKK668,826,500
2,675,306
Website: http://www.djurslandsbank.dk
Address: Djurslands Bank A/S
Torvet 5,
Grenaa,
8500,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE DJUR Equity Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
BATS-CHIXE DJURC Equity Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
Number of employees
Current staff
Staff numbers
200
Djurslands Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 20:34
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/05/08
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.