CPSE:KRE

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Solid track record with adequate balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.6%

KRE

0.5%

DK Banks

2.0%

DK Market


1 Year Return

7.4%

KRE

-3.2%

DK Banks

24.5%

DK Market

Return vs Industry: KRE exceeded the Danish Banks industry which returned -3.2% over the past year.

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


Shareholder returns

KREIndustryMarket
7 Day-0.6%0.5%2.0%
30 Day-1.9%-3.1%2.1%
90 Day6.7%-2.6%5.9%
1 Year9.4%7.4%-1.9%-3.2%27.0%24.5%
3 Year24.1%19.1%-16.2%-23.0%48.5%36.7%
5 Year77.2%66.5%2.1%-25.6%67.9%46.7%

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 compared to its fair value and its price relative to the market?

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KRE (DKK3180) is trading below our estimate of fair value (DKK5886.24)

Significantly Below Fair Value: KRE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KRE's PE Ratio (8.3x) is in line with the DK Banks industry average.

PE vs Market: KRE is good value based on its PE Ratio (8.3x) compared to the Danish market (16.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KRE is overvalued based on its PB Ratio (0.8x) compared to the DK Banks industry average (0.6x).


Next Steps

Future Growth

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

9.4%

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 Kreditbanken 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 Kreditbanken performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRE has high quality earnings.

Growing Profit Margin: KRE's current net profit margins (36%) are higher than last year (30%).


Past Earnings Growth Analysis

Earnings Trend: KRE's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: KRE's earnings growth over the past year (25%) exceeds its 5-year average (22.8% per year).

Earnings vs Industry: KRE earnings growth over the past year (25%) exceeded the Banks industry 0.3%.


Return on Equity

High ROE: KRE's Return on Equity (9.9%) is considered low.


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


Financial Institutions Analysis

Asset Level: KRE's Assets to Equity ratio (6.8x) is low.

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

Low Risk Liabilities: 96% of KRE's liabilities are made up of primarily low risk sources of funding.

Loan Level: KRE has an appropriate level of Loans to Assets ratio (39%).

Low Risk Deposits: KRE's Loans to Deposits ratio (47%) is appropriate.

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


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KRE's dividend (1.57%) is higher than the bottom 25% of dividend payers in the Danish market (1.42%).

High Dividend: KRE's dividend (1.57%) is low compared to the top 25% of dividend payers in the Danish market (3.66%).


Stability and Growth of Payments

Stable Dividend: KRE's dividends per share have been stable in the past 10 years.

Growing Dividend: KRE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13%), KRE'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

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

9.1yrs

Average board tenure


CEO

Lars Jensen (60 yo)

no data

Tenure

kr.2,682,000

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

Compensation vs Market: Lars's total compensation ($USD427.69K) is about average for companies of similar size in the Danish market ($USD450.33K).

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


Board Members

NamePositionTenureCompensationOwnership
Ulrich Jansen
Chairman of the Board6.5yrskr.188.00kno data
Henrik Meldgaard
Independent Vice Chairman of the Board11.5yrskr.138.00kno data
Peter Rudbeck
Director24.67yrskr.125.00kno data
Andy Andersen
Independent Director11.5yrskr.125.00kno data
Leif Meyhoff
Independent Director6.67yrskr.125.00kno data
Ulrik Frederiksen
Independent Director2.5yrskr.125.00kno data

9.1yrs

Average Tenure

66yo

Average Age

Experienced Board: KRE's board of directors are considered experienced (9.1 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

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


Key Information

  • Name: Kreditbanken A/S
  • Ticker: KRE
  • Exchange: CPSE
  • Founded: 1926
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: kr.534.876m
  • Shares outstanding: 168.20k
  • Website: https://www.kreditbanken.dk

Number of Employees


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
0F0TLSE (London Stock Exchange)YesShare CapitalGBDKKJan 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 Analysis2020/09/20 04:28
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
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.