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Jutlander Bank

CPSE:JUTBK
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JUTBK
CPSE
DKK2B
Market Cap
  1. Home
  2. DK
  3. Banks
Company description

Jutlander Bank A/S provides banking products and services in Denmark. The last earnings update was 34 days ago. More info.


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JUTBK Share Price and Events
7 Day Returns
3.3%
CPSE:JUTBK
0.2%
DK Banks
1.6%
DK Market
1 Year Returns
-5.5%
CPSE:JUTBK
-41.1%
DK Banks
1.8%
DK Market
JUTBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jutlander Bank (JUTBK) 3.3% 0.5% -3.1% -5.5% 20% 21.2%
DK Banks 0.2% 2% -12.5% -41.1% -28.2% -22.6%
DK Market 1.6% 2.2% 0.2% 1.8% 17.4% 35.1%
1 Year Return vs Industry and Market
  • JUTBK outperformed the Banks industry which returned -41.1% over the past year.
  • JUTBK underperformed the Market in Denmark which returned 1.8% over the past year.
Price Volatility
JUTBK
Industry
5yr Volatility vs Market

Value

 Is Jutlander 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 Jutlander 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 Jutlander Bank.

CPSE:JUTBK 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
= DKK326.80 * 8.1%
DKK26.38
Book Value of Equity per Share Median Book Value from the past 5 years. DKK326.80
Discount Rate (Cost of Equity) See below 7.5%
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:JUTBK
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 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 22%) (16.46%))
1.228
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (1.228 * 5.96%)
7.53%

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

The calculations below outline how an intrinsic value for Jutlander 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:JUTBK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.1% – 7.53%) * DKK326.80)
DKK1.77
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK1.77 / (7.53% - 0.21%)
DKK24.18
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK326.80 + DKK24.18
DKK350.98
CPSE:JUTBK Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK350.98
Current discount Discount to share price of DKK189.00
= -1 x (DKK189.00 - DKK350.98) / DKK350.98
46.2%

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

Current Discount
Amount off the current price Jutlander Bank is available for.
Intrinsic value
46%
Share price is DKK189 vs Future cash flow value of DKK350.98
Current Discount Checks
For Jutlander Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jutlander Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Jutlander 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 Jutlander Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jutlander Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:JUTBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in DKK DKK25.59
CPSE:JUTBK Share Price ** CPSE (2019-06-13) in DKK DKK189
Denmark Banks Industry PE Ratio Median Figure of 21 Publicly-Listed Banks Companies 8.53x
Denmark Market PE Ratio Median Figure of 103 Publicly-Listed Companies 16.09x

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

** Primary Listing of Jutlander Bank.

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

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

= 189 ÷ 25.59

7.39x

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

  • Jutlander Bank is good value based on earnings compared to the DK Banks industry average.
  • Jutlander Bank is good value based on earnings compared to the Denmark market.
Price based on expected Growth
Does Jutlander Bank's expected growth come at a high price?
Raw Data
CPSE:JUTBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.7%per year
Denmark Banks Industry PEG Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.03x
Denmark Market PEG Ratio Median Figure of 44 Publicly-Listed Companies 2.16x

*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 Jutlander Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jutlander Bank's assets?
Raw Data
CPSE:JUTBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in DKK DKK351.55
CPSE:JUTBK Share Price * CPSE (2019-06-13) in DKK DKK189
Denmark Banks Industry PB Ratio Median Figure of 21 Publicly-Listed Banks Companies 0.64x
Denmark Market PB Ratio Median Figure of 136 Publicly-Listed Companies 1.61x
CPSE:JUTBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 189 ÷ 351.55

0.54x

* Primary Listing of Jutlander Bank.

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

  • Jutlander Bank is good value based on assets compared to the DK Banks industry average.
X
Value checks
We assess Jutlander 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. Jutlander Bank has a total score of 5/6, 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.

Future Performance

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

  • No analysts cover Jutlander 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
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jutlander Bank expected to grow at an attractive rate?
  • Jutlander Bank's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Jutlander Bank's earnings growth is positive but not above the Denmark market average.
  • Unable to compare Jutlander Bank's revenue growth to the Denmark market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CPSE:JUTBK Future Growth Rates Data Sources
Data Point Source Value (per year)
CPSE:JUTBK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.7%
Denmark Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
Denmark Banks Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6.4%

*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:JUTBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:JUTBK Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-03-31 815 223
2018-12-31 801 221
2018-09-30 817 241
2018-06-30 811 236
2018-03-31 843 270
2017-12-31 829 257
2017-09-30 814 248
2017-06-30 821 260
2017-03-31 778 227
2016-12-31 730 193
2016-09-30 736 189
2016-06-30 697 156

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jutlander Bank's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Jutlander 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:JUTBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Jutlander Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:JUTBK Past Financials Data
Date (Data in DKK Millions) EPS *
2019-03-31 25.59
2018-12-31 25.40
2018-09-30 27.80
2018-06-30 27.11
2018-03-31 31.00
2017-12-31 29.60
2017-09-30 28.39
2017-06-30 29.87
2017-03-31 26.02
2016-12-31 22.10
2016-09-30 21.60
2016-06-30 17.90

*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 Jutlander Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Jutlander 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.
Jutlander 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.

Past Performance

  How has Jutlander 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 Jutlander 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.
  • Jutlander Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • Jutlander Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jutlander Bank's 1-year earnings growth is negative, it can't be compared to the DK Banks industry average.
Earnings and Revenue History
Jutlander 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 Jutlander Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:JUTBK Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 815.00 222.55 539.67
2018-12-31 800.57 221.18 533.94
2018-09-30 816.81 241.26 530.56
2018-06-30 810.54 235.67 528.82
2018-03-31 842.87 269.61 518.15
2017-12-31 828.81 257.42 511.06
2017-09-30 813.60 247.58 504.29
2017-06-30 821.12 260.45 495.78
2017-03-31 778.36 226.80 493.46
2016-12-31 729.71 193.19 487.56
2016-09-30 735.59 188.58 493.89
2016-06-30 697.17 156.16 491.54
2016-03-31 696.96 153.78 489.16
2015-12-31 749.30 194.71 481.35
2015-09-30 636.59 65.12 512.93
2015-06-30 617.02 52.79 498.60
2015-03-31 606.08 54.91 486.91
2014-12-31 556.68 22.12 483.20
2014-09-30 544.54 100.44 388.08
2014-06-30 483.79 90.05 348.53
2014-03-31 381.54 41.87 306.92
2013-12-31 309.01 6.12 271.21
2013-09-30 306.59 7.83 271.18
2013-06-30 309.53 8.42 275.88
2013-03-31 296.99 -3.41 283.49
2012-12-31 308.41 7.68 286.17
2012-09-30 242.42 -39.34 299.21
2012-06-30 227.19 -53.52 305.59

*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.
  • Jutlander Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jutlander Bank used its assets more efficiently than the DK Banks industry average last year based on Return on Assets.
  • Unable to establish if Jutlander 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 Jutlander 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.
Jutlander Bank has a total score of 2/6, 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.

Health

 How is Jutlander 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 Jutlander 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 Jutlander Bank Company Filings, last reported 2 months ago.

CPSE:JUTBK Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,022.26 267.48 260.81
2018-12-31 2,978.43 283.53 879.16
2018-09-30 2,935.99 269.48 276.14
2018-06-30 2,884.44 271.63 250.73
2018-03-31 2,836.93 282.37 230.27
2017-12-31 2,871.90 309.48 727.39
2017-09-30 2,809.51 285.75 257.75
2017-06-30 2,763.55 286.53 264.33
2017-03-31 2,682.10 288.35 244.13
2016-12-31 2,660.44 335.81 770.91
2016-09-30 2,607.78 307.08 205.47
2016-06-30 2,548.94 299.42 239.56
2016-03-31 2,500.95 309.62 167.62
2015-12-31 2,513.12 336.55 844.97
2015-09-30 2,399.23 313.55 274.65
2015-06-30 2,372.65 388.75 647.78
2015-03-31 2,378.92 377.16 588.48
2014-12-31 2,343.13 301.27 629.14
2014-09-30 2,367.34 367.62 197.67
2014-06-30 2,352.53 415.85 208.06
2014-03-31 2,304.58 499.99 62.08
2013-12-31 1,454.52 302.08 344.80
2013-09-30 1,429.98 598.21 39.81
2013-06-30 1,425.56 746.26 38.47
2013-03-31 1,425.48 750.88 150.09
2012-12-31 1,444.05 1,345.07 1,131.41
2012-09-30 1,421.88 1,350.17 228.43
2012-06-30 1,416.87 1,044.84 101.50
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.
  • Jutlander Bank has an acceptable proportion of non-loan assets held.
  • Jutlander Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Jutlander Bank are broadly funded by customer deposits.
  • Jutlander 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 Jutlander Bank has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Jutlander Bank has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Jutlander 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. Jutlander 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.

Dividends

 What is Jutlander 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
2.12%
Current annual income from Jutlander Bank dividends.
If you bought DKK2,000 of Jutlander Bank shares you are expected to receive DKK42 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?
  • Jutlander Bank's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.65%).
  • Jutlander Bank's dividend is below the markets top 25% of dividend payers in Denmark (4.77%).
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:JUTBK 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 15 Stocks 6.7%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.4%
Denmark Minimum Threshold Dividend Yield 10th Percentile 1%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

CPSE:JUTBK Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-19 4.000 2.140
2018-02-19 5.000 2.565
2017-02-20 5.000 2.245
2016-02-22 5.000 2.898
2015-02-16 2.500 1.429
2009-06-30 0.000 0.000

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

  • Jutlander Bank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Jutlander Bank only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Jutlander Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.4x 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 Jutlander Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Jutlander Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jutlander 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.

Management

 What is the CEO of Jutlander 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
Per Sønderup
COMPENSATION DKK3,954,000
AGE 62
TENURE AS CEO 4.8 years
CEO Bio

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 as Chief Executive Officer at Sparekassen Hobro. Mr. Sønderup served as a Director of Jutlander Bank A/S.

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

Per Sønderup

TITLE
Chairman of Executive Board
COMPENSATION
DKK4M
AGE
62
TENURE
4.8 yrs

Lisa Sørensen

TITLE
Bank Manager & Member of the Executive Board
COMPENSATION
DKK3M
AGE
56

Lars Thomsen

TITLE
Bank Manager & Member of the Executive Board
COMPENSATION
DKK3M
AGE
47

Brian Nielsen

TITLE
Chief Financial Officer

Steen Juulsgaard

TITLE
Chief Investment Officer

Kim Meling Christensen

TITLE
Chief Technology Officer

Janni Visted Hansen

TITLE
Chief Legal Officer

Lars Segerstrøm

TITLE
Head of the Compliance Division & Management Secretary

Bjarne Hvirring

TITLE
Chief Communications Officer

Lasse Foget

TITLE
Head of Business Development
Board of Directors Tenure

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

5.4
Average Tenure
53
Average Age
  • The tenure for the Jutlander Bank board of directors is about average.
Board of Directors

Finn Mathiassen

TITLE
Chairman of the Board
AGE
66
TENURE
9.4 yrs

Lars Tolborg

TITLE
Deputy Chairman of the Board
AGE
53
TENURE
3.4 yrs

Jette Rask

TITLE
Chief Treasurer & Member of Supervisory Board

Preben Randbæk

TITLE
Director
AGE
65
TENURE
3.4 yrs

Helle Simonsen

TITLE
Director
AGE
51
TENURE
9.3 yrs

Henrik Sørensen

TITLE
Employee Representative Director
AGE
44
TENURE
9.1 yrs

Jacob Christensen

TITLE
Employee Representative Director
AGE
47
TENURE
9.1 yrs

Bent Bjørn

TITLE
Director
AGE
69
TENURE
5.4 yrs

Svend Madsen

TITLE
Director
AGE
56
TENURE
5.4 yrs

Henrik Pedersen

TITLE
Employee Representative Director
AGE
53
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (DKK) Value (DKK)
X
Management checks
We assess Jutlander 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. Jutlander 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.

News

Simply Wall St News

Is Jutlander Bank A/S's (CPH:JUTBK) CEO Salary Justified?

Check out our latest analysis for Jutlander Bank How Does Per Sønderup's Compensation Compare With Similar Sized Companies? … According to our data, Jutlander Bank A/S has a market capitalization of ø1.6b, and pays its CEO total annual compensation worth ø4.0m. … The graphic below shows how CEO compensation at Jutlander Bank has changed from year to year.

Simply Wall St -

What Makes Jutlander Bank A/S (CPH:JUTBK) A Hard Investment?

As a small-cap bank stock with a market capitalisation of ø1.6b, Jutlander Bank A/S’s (CPH:JUTBK) risk and profitability are largely determined by the underlying economic growth of the DK regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Jutlander Bank to vulnerabilities. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds.

Simply Wall St -

Read This Before Buying Jutlander Bank A/S (CPH:JUTBK) For Its Dividend

In the last few years Jutlander Bank A/S (CPH:JUTBK) has paid a dividend to shareholders. … Let's take a look at Jutlander Bank in more detail. … Check out our latest analysis for Jutlander Bank

Simply Wall St -

Should You Worry About Jutlander Bank A/S's (CPH:JUTBK) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Jutlander Bank … How Does Per Sønderup's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Can Jutlander Bank A/S (CPH:JUTBK) Survive The Next Financial Crisis?

Jutlander Bank A/S’s (CPH:JUTBK) profitability and risk are largely affected by the underlying economic growth for the region it operates in DK given it is a small-cap stock with a market capitalisation of ø1.6b. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Jutlander Bank to vulnerabilities. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels.

Simply Wall St -

Why Jutlander Bank A/S's (CPH:JUTBK) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Per Sønderup's Compensation Compare With Similar Sized Companies. … According to our data, Jutlander Bank A/S has a market capitalization of ø1.7b, and pays its CEO total annual compensation worth ø4m.

Simply Wall St -

Understated Factors To Consider Before Investing In Jutlander Bank A/S (CPH:JUTBK)

As a small-cap bank stock with a market capitalisation of ø1.77b, Jutlander Bank A/S’s (CPH:JUTBK) 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. … Low levels of leverage coupled with sufficient liquidity may place Jutlander Bank in a safe position in the face of adverse headwinds.

Simply Wall St -

Will Jutlander Bank A/S (CPH:JUTBK) Continue To Underperform Its Industry?

and want a simplistic look at the return on Jutlander Bank A/S (CPH:JUTBK) stock. … Jutlander Bank A/S (CPH:JUTBK) delivered an ROE of 9.50% over the past 12 months, which is relatively in-line with its industry average of 10.81% during the same period. … But what is more interesting is whether JUTBK can sustain or improve on this level of return.

Simply Wall St -

Why I Like Jutlander Bank A/S (CPSE:JUTBK)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Jutlander Bank A/S (CPSE:JUTBK) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is Jutlander Bank A/S (CPH:JUTBK) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for JUTBK Price per share = DKK203 Earnings per share = DKK29.6 ∴ Price-Earnings Ratio = DKK203 ÷ DKK29.6 = 6.9x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with JUTBK, then investors would naturally value JUTBK at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with JUTBK, investors would also value JUTBK at a lower price since it is a lower growth investment.

Simply Wall St -

Company Info

Description

Jutlander Bank A/S provides banking products and services in Denmark. The company offers savings products for children; car and other loans; cards; mortgages; investment, pension, and insurance products; and mobile and Internet banking services. Jutlander Bank A/S is based in Aars, Denmark.

Details
Name: Jutlander Bank A/S
JUTBK
Exchange: CPSE
Founded:
DKK1,624,772,331
8,596,679
Website: http://www.jutlander.dk
Address: Jutlander Bank A/S
Market Road 5-7,
Aars,
North Denmark Region, 9600,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE JUTBK Share Capital OMX Nordic Exchange Copenhagen DK DKK 01. Dec 2006
Number of employees
Current staff
Staff numbers
0
Jutlander Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:07
End of day share price update: 2019/06/13 00:00
Last earnings filing: 2019/05/13
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.