CPSE:JUTBK

Stock Analysis Report

Executive Summary

Jutlander Bank A/S provides banking products and services in Denmark.


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Jutlander Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JUTBK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.1%

JUTBK

2.3%

DK Banks

1.1%

DK Market


1 Year Return

15.9%

JUTBK

16.6%

DK Banks

26.3%

DK Market

Return vs Industry: JUTBK matched the Danish Banks industry which returned 16.6% over the past year.

Return vs Market: JUTBK underperformed the Danish Market which returned 24.5% over the past year.


Shareholder returns

JUTBKIndustryMarket
7 Day3.1%2.3%1.1%
30 Day4.7%3.1%3.3%
90 Day8.7%5.6%13.1%
1 Year18.4%15.9%21.2%16.6%30.1%26.3%
3 Year1.1%-5.4%9.1%-21.7%58.3%44.6%
5 Year52.6%36.5%53.0%7.1%74.7%50.5%

Price Volatility Vs. Market

How volatile is Jutlander Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jutlander Bank undervalued compared to its fair value and its price relative to the market?

4.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate JUTBK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate JUTBK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: JUTBK is good value based on its PE Ratio (4.8x) compared to the Banks industry average (7.1x).

PE vs Market: JUTBK is good value based on its PE Ratio (4.8x) compared to the Danish market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JUTBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JUTBK is good value based on its PB Ratio (0.5x) compared to the DK Banks industry average (0.6x).


Next Steps

Future Growth

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

1.5%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jutlander Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jutlander Bank performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JUTBK has high quality earnings.

Growing Profit Margin: JUTBK's current net profit margins (36.2%) are higher than last year (29.5%).


Past Earnings Growth Analysis

Earnings Trend: JUTBK's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: JUTBK's earnings growth over the past year (46.2%) exceeds its 5-year average (25.8% per year).

Earnings vs Industry: JUTBK earnings growth over the past year (46.2%) exceeded the Banks industry 5.8%.


Return on Equity

High ROE: JUTBK's Return on Equity (10.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Jutlander Bank'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

Inventory Level: JUTBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: JUTBK's debt is covered by short term assets (assets are 4.9x debt).


Financial Institutions Analysis

Asset Level: JUTBK's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if JUTBK has a sufficient allowance for bad loans.

Low Risk Liabilities: JUTBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: JUTBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: JUTBK's loans are broadly funded by customer deposits.

Level of Bad Loans: Insufficient data to determine if JUTBK has an appropriate level of bad loans.


Next Steps

Dividend

What is Jutlander Bank's current dividend yield, its reliability and sustainability?

2.00%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.5%markettop25%4.5%industryaverage3.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: JUTBK's dividend (2.03%) is higher than the bottom 25% of dividend payers in the Danish market (1.53%).

High Dividend: JUTBK's dividend (2.03%) is low compared to the top 25% of dividend payers in the Danish market (4.62%).


Stability and Growth of Payments

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

Growing Dividend: JUTBK's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.8%), JUTBK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Jutlander Bank's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average board tenure


CEO

Per Sønderup (63yo)

5.4yrs

Tenure

ø3,954,000

Compensation

Mr. Per Asbjorn Sønderup has been Member of Executive Board at Jutlander Bank A/S since 2014. Mr. Sønderup is Chairman of Executive Board at Jutlander Bank A/S since October 1, 2014. Mr. Sønderup served a ...


CEO Compensation Analysis

Compensation vs Market: Per's total compensation ($USD588.58K) is about average for companies of similar size in the Danish market ($USD594.92K).

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


Board Age and Tenure

6.0yrs

Average Tenure

54yo

Average Age

Experienced Board: JUTBK's board of directors are considered experienced (6 years average tenure).


Insider Trading

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.


Management Team

  • Lisa Sørensen (57yo)

    Bank Manager & Member of the Executive Board

    • Compensation: ø2.59m
  • Per Sønderup (63yo)

    Chairman of Executive Board

    • Tenure: 5.4yrs
    • Compensation: ø3.95m
  • Lars Thomsen (48yo)

    Bank Manager & Member of the Executive Board

    • Compensation: ø2.62m
  • Lasse Foget

    Head of Business Development

    • Brian Nielsen

      Chief Financial Officer

      • Janni Visted Hansen

        Chief Legal Officer

        • Lars Segerstrøm

          Head of the Compliance Division & Management Secretary

          • Bjarne Hvirring

            Chief Communications Officer

            • Kim Meling Christensen

              Chief Technology Officer

              • Steen Juulsgaard

                Chief Investment Officer


                Board Members

                • Finn Mathiassen (67yo)

                  Chairman of the Board

                  • Tenure: 10yrs
                • Bent Bjørn (70yo)

                  Director

                  • Tenure: 6yrs
                • Svend Madsen (57yo)

                  Director

                  • Tenure: 6yrs
                • Helle Simonsen (52yo)

                  Director

                  • Tenure: 9.8yrs
                • Henrik Sørensen (45yo)

                  Employee Representative Director

                  • Tenure: 9.7yrs
                • Jacob Christensen (48yo)

                  Employee Representative Director

                  • Tenure: 9.7yrs
                • Lars Tolborg (54yo)

                  Deputy Chairman of the Board

                  • Tenure: 4yrs
                • Henrik Pedersen (54yo)

                  Employee Representative Director

                  • Tenure: 6yrs
                • Jette Rask

                  Chief Treasurer & Member of Supervisory Board

                  • Preben Randbæk (66yo)

                    Director

                    • Tenure: 4yrs

                  Company Information

                  Jutlander Bank A/S's company bio, employee growth, exchange listings and data sources


                  Key Information

                  • Name: Jutlander Bank A/S
                  • Ticker: JUTBK
                  • Exchange: CPSE
                  • Founded:
                  • Industry: Regional Banks
                  • Sector: Banks
                  • Market Cap: ø1.719b
                  • Shares outstanding: 8.60m
                  • Website: https://www.jutlander.dk

                  Location

                  • Jutlander Bank A/S
                  • Markedsvej 5-7
                  • Aars
                  • North Denmark Region
                  • 9600
                  • Denmark

                  Listings

                  TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                  JUTBKCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKDec 2006
                  0G3VLSE (London Stock Exchange)YesShare CapitalGBDKKDec 2006

                  Biography

                  Jutlander Bank A/S provides banking products and services in Denmark. The company offers investment, pension, and insurance products. Jutlander Bank A/S is based in Aars, Denmark. 


                  Company Analysis and Financial Data Status

                  All financial data provided by Standard & Poor's Capital IQ.
                  DataLast Updated (UTC time)
                  Company Analysis2020/01/23 21:09
                  End of Day Share Price2020/01/23 00:00
                  Earnings2019/09/30
                  Annual Earnings2018/12/31


                  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.