CPSE:JYSK

Stock Analysis Report

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Executive Summary

Jyske Bank A/S provides a range of financial solutions to personal, corporate, private banking, and institutional clients in Denmark, Gibraltar, and Germany.


Snowflake Analysis

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: JYSK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.1%

JYSK

0.7%

DK Banks

3.5%

DK Market


1 Year Return

-31.0%

JYSK

-9.9%

DK Banks

19.4%

DK Market

Return vs Industry: JYSK underperformed the Danish Banks industry which returned -9.9% over the past year.

Return vs Market: JYSK underperformed the Danish Market which returned 19.1% over the past year.


Shareholder returns

JYSKIndustryMarket
7 Day-0.1%0.7%3.5%
30 Day7.9%7.0%5.4%
90 Day-35.5%-20.1%-0.3%
1 Year-31.0%-31.0%-8.7%-9.9%21.6%19.4%
3 Year-48.3%-50.7%-19.0%-38.3%43.5%31.5%
5 Year-42.1%-46.5%-4.1%-30.9%46.7%28.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JYSK (DKK175.15) is trading above our estimate of fair value (DKK159.2)

Significantly Below Fair Value: JYSK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JYSK is poor value based on its PE Ratio (15.2x) compared to the Banks industry average (7.1x).

PE vs Market: JYSK is poor value based on its PE Ratio (15.2x) compared to the Danish market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: JYSK is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: JYSK is good value based on its PB Ratio (0.4x) compared to the DK Banks industry average (0.5x).


Next Steps

Future Growth

How is Jyske Bank forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

42.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JYSK's forecast earnings growth (42.7% per year) is above the savings rate (0.3%).

Earnings vs Market: JYSK's earnings (42.7% per year) are forecast to grow faster than the Danish market (14% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JYSK's revenue (3% per year) is forecast to grow slower than the Danish market (6.5% per year).

High Growth Revenue: JYSK's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JYSK's Return on Equity is forecast to be low in 3 years time (4.9%).


Next Steps

Past Performance

How has Jyske Bank performed over the past 5 years?

-4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JYSK has high quality earnings.

Growing Profit Margin: JYSK's current net profit margins (12.8%) are lower than last year (26.4%).


Past Earnings Growth Analysis

Earnings Trend: JYSK's earnings have declined by -4.3% per year over the past 5 years.

Accelerating Growth: JYSK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JYSK had negative earnings growth (-62.6%) over the past year, making it difficult to compare to the Banks industry average (16%).


Return on Equity

High ROE: JYSK's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Jyske 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


Financial Institutions Analysis

Asset Level: JYSK's Assets to Equity ratio (19.6x) is moderate.

Allowance for Bad Loans: JYSK has a low allowance for bad loans (59%).

Low Risk Liabilities: 77% of JYSK's liabilities are made up of primarily higher risk sources of funding.

Loan Level: JYSK has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: JYSK's Loans to Deposits ratio (299%) is high.

Level of Bad Loans: JYSK has a high level of bad loans (2.2%).


Next Steps

Dividend

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

0.61%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JYSK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JYSK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JYSK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JYSK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: JYSK is not paying a notable dividend for the Danish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JYSK's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.7yrs

Average management tenure


CEO

Anders Dam (63yo)

23.33yrs

Tenure

ø10,000,000

Compensation

Mr. Anders Christian Dam has been the Chief Executive Officer and Managing Director of Jyske Bank A/S since 1997 and since 1995 respectively. Mr. Dam also serves as Member of Executive Board at Jyske Bank  ...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD1.46M) is about average for companies of similar size in the Danish market ($USD1.65M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anders Dam
MD, CEO & Member of Executive Board23.33yrsø10.00mno data
Niels Jakobsen
MD & Member of Executive Board10.67yrsø7.90mno data
Per Skovhus
MD & Member of Executive Board6.67yrsø8.50mno data
Peter Schleidt
MD & Member of Executive Boardno dataø8.70mno data
Birger Krøgh Nielsen
Chief Financial Officerno datano datano data
Erik Hansen
Head of Communications and Marketingno datano datano data
Emil Menke
Head of Trade Finance - Jyske Marketsno datano datano data
Ivan Hansen
Head of Jyske Bank Domisticno datano datano data
Bo Christensen
Managing Director of Business Service13.33yrsno datano data
Peter Andersen
Head of Markets & Senior Director7.33yrsno datano data

10.7yrs

Average Tenure

60yo

Average Age

Experienced Management: JYSK's management team is seasoned and experienced (10.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kurt Pedersen
Deputy Chairman of Supervisory Board & MD0.17yrno data0.0016% DKK201.8k
Sven Buhrkall
Supervisory Board Chairman16.17yrsno data0.0036% DKK453.3k
Jens Borup
Supervisory Board Member15.33yrsno data0.0055% DKK697.2k
Marianne Lillevang
Employee Representative Supervisory Board Member14.17yrsno data0.0036% DKK458.4k
Philip Baruch
Supervisory Board Member14.17yrsno data0.0040% DKK508.2k
Keld Norup
Supervisory Board Member13.17yrsno data0.0015% DKK192.8k
Johnny Christensen
Employee Representative Supervisory Board Member2.17yrsno data0.00045% DKK57.5k
Rina Asmussen
Independent Supervisory Board Member6yrsno data0.0024% DKK301.4k
Christina Munk
Employee Representative Supervisory Board Member3.83yrsno data0.00038% DKK48.5k
Per Schnack
Independent Supervisory Board Member1.17yrsno data0.0031% DKK398.4k

9.6yrs

Average Tenure

60yo

Average Age

Experienced Board: JYSK's board of directors are considered experienced (9.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

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


Key Information

  • Name: Jyske Bank A/S
  • Ticker: JYSK
  • Exchange: CPSE
  • Founded: 1967
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ø12.769b
  • Shares outstanding: 72.66m
  • Website: https://www.jyskebank.dk

Number of Employees


Location

  • Jyske Bank A/S
  • Vestergade 8-16
  • Silkeborg
  • Central Denmark Region
  • 8600
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JYSKCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
JYS1DB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992
0MGDLSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992
JYSK.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDJan 1992
JYSKCBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKJan 1992
JYSK.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDDec 2008

Biography

Jyske Bank A/S provides a range of financial solutions to personal, corporate, private banking, and institutional clients in Denmark, Gibraltar, and Germany. It offers deposit products; home loans for personal clients; mortgage solutions, including the financing of real property; car and equipment leasing and financing services; and advisory services relating to traditional financial solutions targeting personal and private banking clients, and corporate clients. The company provides investment services; trades in interest-rate products, currencies, equities, commodities, and derivatives; asset management; and wealth management advisory services. The company was founded in 1967 and is based in Silkeborg, Denmark. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/24 20:37
End of Day Share Price2020/05/20 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.