CPSE:KRE

Stock Analysis Report

Executive Summary

Kreditbanken A/S provides various banking products and services to private and business customers in Denmark.

Snowflake

Fundamentals

Adequate balance sheet and slightly overvalued.

Risks

  • Kreditbanken is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.5%

CPSE:KRE

0.5%

DK Banks

1.6%

DK Market


1 Year Return

20.3%

CPSE:KRE

-4.8%

DK Banks

6.8%

DK Market

KRE outperformed the Banks industry which returned -4% over the past year.

KRE outperformed the Market in Denmark which returned 5.7% over the past year.


Share holder returns

KREIndustryMarket
7 Day3.5%0.5%1.6%
30 Day5.0%1.5%0.7%
90 Day2.1%-7.5%0.4%
1 Year21.7%20.3%-0.9%-4.8%10.1%6.8%
3 Year40.0%35.5%10.9%-15.2%31.3%20.4%
5 Year89.6%78.9%27.0%-17.6%63.3%39.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kreditbanken undervalued based on future cash flows and its price relative to the stock market?

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Kreditbanken's share price is below the future cash flow value, and at a moderate discount (> 20%).

Kreditbanken's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Kreditbanken is overvalued based on earnings compared to the DK Banks industry average.

Kreditbanken is good value based on earnings compared to the Denmark market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Kreditbanken, we can't assess if its growth is good value.


Price Based on Value of Assets

Kreditbanken is overvalued based on assets compared to the DK Banks industry average.


Next Steps

Future Growth

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

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Kreditbanken is high growth as no revenue estimate data is available.

Kreditbanken's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Kreditbanken's revenue growth to the Denmark market average as no estimate data is available.

Kreditbanken's earnings growth is positive but not above the Denmark market average.

Kreditbanken's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Kreditbanken will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Kreditbanken performed over the past 5 years?

29.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Kreditbanken has delivered over 20% year on year earnings growth in the past 5 years.

Kreditbanken's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Kreditbanken's 1-year earnings growth is negative, it can't be compared to the DK Banks industry average.


Return on Equity

Kreditbanken has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Kreditbanken used its assets more efficiently than the DK Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Kreditbanken improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Kreditbanken'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Kreditbanken has an acceptable proportion of non-loan assets held.

Unable to establish if Kreditbanken has a sufficient allowance for bad loans without relevant financial data.

Kreditbanken's liabilities are made up of primarily low risk sources of funding.

Kreditbanken's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Kreditbanken are broadly funded by customer deposits.

Unable to establish if Kreditbanken has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

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

1.01%

Current Dividend Yield


Dividend Yield and Payments Analysis

Kreditbanken's pays a lower dividend yield than the bottom 25% of dividend payers in Denmark (1.67%).

Kreditbanken's dividend is below the markets top 25% of dividend payers in Denmark (5.06%).

Whilst dividend payments have been stable, Kreditbanken has been paying a dividend for less than 10 years.

Dividend payments have increased, but Kreditbanken only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (10.2x 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.


Next Steps

Management

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

8.1yrs

Average board tenure


CEO

Lars Jensen (59yo)

0yrs

Tenure

ø2,629,000

Compensation

Mr. Lars Frank Jensen is Chief Executive Officer and Member of Executive Board at Kreditbanken A/S. He was Managing Director at Kreditbanken A/S. Mr. Jensen served as Bank Manager of Kreditbanken A/S and s ...


CEO Compensation Analysis

Lars's remuneration is about average for companies of similar size in Denmark.

Lars's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

8.1yrs

Average Tenure

65yo

Average Age

The tenure for the Kreditbanken board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Lars Jensen (59yo)

    CEO & Member of the Executive Board

    • Tenure: 0yrs
    • Compensation: ø2.63m
  • Leif Meyhoff (67yo)

    MD & Director

    • Tenure: 5.7yrs
    • Compensation: ø125.00k
  • Bo Schrøder-Jørgensen

    Chief Advisor

    • Tenure: 0yrs
  • Steen Kernfelt

    Staff Director & HR

    • Tenure: 0yrs
  • Aage Ladegaard

    Chief Technology Officer

    • Tenure: 0yrs
  • Claus Søberg

    Chief Investment Officer

    • Tenure: 0yrs
  • Torben Silberbauer

    Accounting Manager

    • Tenure: 0yrs
  • Tom Lauritzen

    Chief Marketing

    • Tenure: 0yrs
  • Ulrik Frederiksen (51yo)

    MD & Director

    • Tenure: 1.5yrs
    • Compensation: ø125.00k
  • Mikael Jessen

    Compliance Manager

    • Tenure: 0yrs

Board Members

  • Ulrich Jansen (72yo)

    Chairman of the Board

    • Tenure: 5.5yrs
    • Compensation: ø188.00k
  • Henrik Meldgaard (53yo)

    Vice Chairman of the Board

    • Tenure: 10.5yrs
    • Compensation: ø138.00k
  • Peter Rudbeck (63yo)

    Director

    • Tenure: 23.7yrs
    • Compensation: ø125.00k
  • Andy Andersen (72yo)

    Director

    • Tenure: 10.7yrs
    • Compensation: ø125.00k
  • Leif Meyhoff (67yo)

    MD & Director

    • Tenure: 5.7yrs
    • Compensation: ø125.00k
  • Ulrik Frederiksen (51yo)

    MD & Director

    • Tenure: 1.5yrs
    • Compensation: ø125.00k

Company Information

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


Key Information

  • Name: Kreditbanken A/S
  • Ticker: KRE
  • Exchange: CPSE
  • Founded:
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: ø497.872m
  • Shares outstanding: 168.20k
  • Website: https://alm.kreditbanken.dk

Location

  • Kreditbanken A/S
  • HP Hanssen Street 17
  • Aabenraa
  • Region of Southern Denmark
  • 6200
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KRECPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
KRECBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKJan 1992

Biography

Kreditbanken A/S provides various banking products and services to private and business customers in Denmark. The company offers savings accounts; and loan, budget, pension, and investment products. It als ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 20:47
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
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.