Nordea Bank Abp

CPSE:NDA DK Stock Report

Market Cap: DKK 282.4b

Nordea Bank Abp Valuation

Is NDA DK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NDA DK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NDA DK (DKK79.7) is trading below our estimate of fair value (DKK106.17)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NDA DK?

Key metric: As NDA DK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NDA DK. This is calculated by dividing NDA DK's market cap by their current earnings.
What is NDA DK's PE Ratio?
PE Ratio7.6x
Earnings€5.01b
Market Cap€37.87b

Price to Earnings Ratio vs Peers

How does NDA DK's PE Ratio compare to its peers?

The above table shows the PE ratio for NDA DK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.1x
DANSKE Danske Bank
7.3x-7.2%DKK 173.5b
JYSK Jyske Bank
5.4x-5.1%DKK 30.7b
SYDB Sydbank
5.6x-8.9%DKK 18.6b
SPKSJF Sparekassen Sjælland-Fyn
6.2x-8.0%DKK 3.6b
NDA DK Nordea Bank Abp
7.6x-4.2%DKK 37.9b

Price-To-Earnings vs Peers: NDA DK is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (6.1x).

Price to Earnings Ratio vs Industry

How does NDA DK's PE Ratio compare vs other companies in the DK Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
NDA DK 7.6xIndustry Avg. 7.4xNo. of Companies13PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NDA DK is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is NDA DK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NDA DK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: NDA DK is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NDA DK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 79.70
DKK 94.98
+19.2%
10.0%DKK 111.81DKK 82.74n/a5
Nov ’25DKK 82.42
DKK 95.03
+15.3%
9.9%DKK 111.87DKK 82.78n/a5
Oct ’25DKK 77.24
DKK 96.84
+25.4%
11.7%DKK 112.64DKK 82.80n/a6
Sep ’25DKK 79.60
DKK 94.46
+18.7%
10.6%DKK 112.68DKK 82.83n/a5
Aug ’25DKK 79.38
DKK 94.46
+19.0%
10.6%DKK 112.68DKK 82.83n/a5
Jul ’25DKK 84.76
DKK 97.25
+14.7%
10.9%DKK 112.61DKK 80.54n/a5
Jun ’25DKK 84.12
DKK 97.60
+16.0%
10.7%DKK 112.67DKK 80.59n/a5
May ’25DKK 81.32
DKK 95.15
+17.0%
8.3%DKK 102.79DKK 80.56n/a5
Apr ’25DKK 78.11
DKK 91.74
+17.5%
8.3%DKK 101.44DKK 80.55n/a4
Mar ’25DKK 84.31
DKK 94.41
+12.0%
9.5%DKK 108.82DKK 80.50n/a6
Feb ’25DKK 83.91
DKK 93.94
+12.0%
10.5%DKK 108.85DKK 78.28n/a6
Jan ’25DKK 83.99
DKK 94.76
+12.8%
10.8%DKK 108.94DKK 78.35n/a6
Dec ’24DKK 78.18
DKK 94.76
+21.2%
10.8%DKK 108.94DKK 78.35n/a6
Nov ’24DKK 74.11
DKK 94.76
+27.9%
10.8%DKK 108.94DKK 78.35DKK 82.426
Oct ’24DKK 77.41
DKK 94.20
+21.7%
10.0%DKK 106.57DKK 78.25DKK 77.245
Sep ’24DKK 75.52
DKK 89.14
+18.0%
15.2%DKK 106.52DKK 62.35DKK 79.607
Aug ’24DKK 76.27
DKK 89.14
+16.9%
15.2%DKK 106.52DKK 62.35DKK 79.387
Jul ’24DKK 74.51
DKK 88.70
+19.0%
14.8%DKK 104.26DKK 62.33DKK 84.767
Jun ’24DKK 69.39
DKK 88.70
+27.8%
14.8%DKK 104.26DKK 62.33DKK 84.127
May ’24DKK 76.00
DKK 89.10
+17.2%
15.3%DKK 104.36DKK 62.39DKK 81.327
Apr ’24DKK 73.37
DKK 87.95
+19.9%
15.0%DKK 104.26DKK 62.33DKK 78.117
Mar ’24DKK 88.42
DKK 86.30
-2.4%
14.3%DKK 101.22DKK 62.30DKK 84.317
Feb ’24DKK 80.47
DKK 81.37
+1.1%
12.6%DKK 96.70DKK 62.26DKK 83.917
Jan ’24DKK 75.12
DKK 79.64
+6.0%
10.7%DKK 90.84DKK 62.32DKK 83.997
Dec ’23DKK 75.41
DKK 79.64
+5.6%
10.7%DKK 90.84DKK 62.32DKK 78.187
Nov ’23DKK 71.76
DKK 77.48
+8.0%
12.2%DKK 93.04DKK 62.30DKK 74.117

Analyst Forecast: Target price is less than 20% higher than the current share price.

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