Loading...

Ringkjøbing Landbobank

CPSE:RILBA
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RILBA
CPSE
DKK13B
Market Cap
  1. Home
  2. DK
  3. Banks
Company description

Ringkjøbing Landbobank A/S provides various banking products and services in Denmark. The last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
RILBA Share Price and Events
7 Day Returns
2.7%
CPSE:RILBA
-0.1%
DK Banks
-1.5%
DK Market
1 Year Returns
25.8%
CPSE:RILBA
-37.6%
DK Banks
-0.1%
DK Market
RILBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ringkjøbing Landbobank (RILBA) 2.7% 3.9% 7.3% 25.8% 69.1% 94.4%
DK Banks -0.1% -3.5% -13.5% -37.6% -31% -26.2%
DK Market -1.5% -0.6% -0.6% -0.1% 9.8% 35.9%
1 Year Return vs Industry and Market
  • RILBA outperformed the Banks industry which returned -37.6% over the past year.
  • RILBA outperformed the Market in Denmark which returned -0.1% over the past year.
Price Volatility
RILBA
Industry
5yr Volatility vs Market
Related Companies

RILBA Value

 Is Ringkjøbing Landbobank 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 Ringkjøbing Landbobank 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 Ringkjøbing Landbobank.

CPSE:RILBA 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
= DKK275.27 * 15.8%
DKK43.46
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. DKK275.27
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:RILBA
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%) (37.23%))
1.219
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (1.219 * 5.96%)
7.48%

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

The calculations below outline how an intrinsic value for Ringkjøbing Landbobank 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:RILBA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.8% – 7.48%) * DKK275.27)
DKK22.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK22.88 / (7.48% - 0.21%)
DKK314.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK275.27 + DKK314.92
DKK590.19
CPSE:RILBA Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK590.19
Current discount Discount to share price of DKK456.50
= -1 x (DKK456.50 - DKK590.19) / DKK590.19
22.7%

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

Current Discount
Amount off the current price Ringkjøbing Landbobank is available for.
Intrinsic value
23%
Share price is DKK456.5 vs Future cash flow value of DKK590.19
Current Discount Checks
For Ringkjøbing Landbobank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ringkjøbing Landbobank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ringkjøbing Landbobank's share price is below the future cash flow value, but not 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 Ringkjøbing Landbobank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ringkjøbing Landbobank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:RILBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in DKK DKK21.87
CPSE:RILBA Share Price ** CPSE (2019-07-16) in DKK DKK456.5
Denmark Banks Industry PE Ratio Median Figure of 21 Publicly-Listed Banks Companies 8.43x
Denmark Market PE Ratio Median Figure of 100 Publicly-Listed Companies 17.78x

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

** Primary Listing of Ringkjøbing Landbobank.

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

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

= 456.5 ÷ 21.87

20.87x

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

  • Ringkjøbing Landbobank is overvalued based on earnings compared to the DK Banks industry average.
  • Ringkjøbing Landbobank is overvalued based on earnings compared to the Denmark market.
Price based on expected Growth
Does Ringkjøbing Landbobank's expected growth come at a high price?
Raw Data
CPSE:RILBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.4%per year
Denmark Banks Industry PEG Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.04x
Denmark Market PEG Ratio Median Figure of 44 Publicly-Listed Companies 2.09x

*Line of best fit is calculated by linear regression .

CPSE:RILBA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.87x ÷ 8.4%

2.49x

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

  • Ringkjøbing Landbobank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ringkjøbing Landbobank's assets?
Raw Data
CPSE:RILBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in DKK DKK238.55
CPSE:RILBA Share Price * CPSE (2019-07-16) in DKK DKK456.5
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 1.56x
CPSE:RILBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 456.5 ÷ 238.55

1.91x

* Primary Listing of Ringkjøbing Landbobank.

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

  • Ringkjøbing Landbobank is overvalued based on assets compared to the DK Banks industry average.
X
Value checks
We assess Ringkjøbing Landbobank'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. Ringkjøbing Landbobank has a total score of 1/6, 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.

RILBA Future Performance

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

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
8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ringkjøbing Landbobank expected to grow at an attractive rate?
  • Ringkjøbing Landbobank's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ringkjøbing Landbobank's earnings growth is positive but not above the Denmark market average.
  • Ringkjøbing Landbobank's revenue growth is positive but not above the Denmark market average.
Annual Growth Rates Comparison
Raw Data
CPSE:RILBA Future Growth Rates Data Sources
Data Point Source Value (per year)
CPSE:RILBA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.4%
CPSE:RILBA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.9%
Denmark Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.6%
Denmark Banks Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*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:RILBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:RILBA Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,225 1,051 3
2020-12-31 2,149 1,008 3
2019-12-31 2,108 989 3
CPSE:RILBA Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-03-31 1,717 698
2018-12-31 1,545 663
2018-09-30 1,342 634
2018-06-30 1,135 604
2018-03-31 1,149 655
2017-12-31 1,069 -672 589
2017-09-30 1,073 597
2017-06-30 1,053 583
2017-03-31 1,021 567
2016-12-31 979 946 539
2016-09-30 945 517
2016-06-30 899 479

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ringkjøbing Landbobank's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
  • Ringkjøbing Landbobank's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
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:RILBA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Ringkjøbing Landbobank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:RILBA Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 37.27 40.50 34.83 3.00
2020-12-31 34.88 37.30 32.78 3.00
2019-12-31 33.47 35.10 32.37 3.00
CPSE:RILBA Past Financials Data
Date (Data in DKK Millions) EPS *
2019-03-31 21.87
2018-12-31 22.18
2018-09-30 20.94
2018-06-30 19.83
2018-03-31 30.23
2017-12-31 26.99
2017-09-30 27.18
2017-06-30 26.39
2017-03-31 25.50
2016-12-31 24.14
2016-09-30 23.02
2016-06-30 21.18

*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.
  • Ringkjøbing Landbobank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ringkjøbing Landbobank'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.
Ringkjøbing Landbobank 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.

RILBA Past Performance

  How has Ringkjøbing Landbobank 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 Ringkjøbing Landbobank'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.
  • Ringkjøbing Landbobank's year on year earnings growth rate has been positive over the past 5 years.
  • Ringkjøbing Landbobank's 1-year earnings growth is less than its 5-year average (6.5% vs 10.8%)
  • Ringkjøbing Landbobank's earnings growth has exceeded the DK Banks industry average in the past year (6.5% vs -20.2%).
Earnings and Revenue History
Ringkjøbing Landbobank'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 Ringkjøbing Landbobank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:RILBA 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 1,717.27 697.75 759.20
2018-12-31 1,544.83 663.19 632.12
2018-09-30 1,341.61 633.66 503.67
2018-06-30 1,134.92 604.35 392.93
2018-03-31 1,148.74 655.19 334.33
2017-12-31 1,069.42 588.64 331.27
2017-09-30 1,073.09 597.30 321.47
2017-06-30 1,053.18 583.27 319.63
2017-03-31 1,021.04 566.67 315.32
2016-12-31 978.65 539.50 311.72
2016-09-30 945.05 517.41 302.88
2016-06-30 898.67 478.64 295.35
2016-03-31 875.95 452.38 291.96
2015-12-31 892.41 458.67 287.49
2015-09-30 888.57 446.61 286.36
2015-06-30 890.09 449.83 283.40
2015-03-31 888.48 446.81 279.16
2014-12-31 885.06 445.86 276.72
2014-09-30 869.95 446.48 268.48
2014-06-30 831.30 418.14 266.75
2014-03-31 804.15 401.85 263.02
2013-12-31 747.01 357.66 258.18
2013-09-30 713.19 324.42 256.33
2013-06-30 721.44 334.49 254.09
2013-03-31 693.33 313.63 253.26
2012-12-31 715.04 328.00 255.90
2012-09-30 701.31 334.36 251.57

*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.
  • Ringkjøbing Landbobank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ringkjøbing Landbobank used its assets more efficiently than the DK Banks industry average last year based on Return on Assets.
  • Unable to establish if Ringkjøbing Landbobank 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 Ringkjøbing Landbobank'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.
Ringkjøbing Landbobank has a total score of 3/6, 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.

RILBA Health

 How is Ringkjøbing Landbobank'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 Ringkjøbing Landbobank'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 Ringkjøbing Landbobank Company Filings, last reported 3 months ago.

CPSE:RILBA Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,071.38 5,011.28 641.15
2018-12-31 7,188.69 4,907.86 805.08
2018-09-30 7,171.44 4,600.26 647.62
2018-06-30 7,065.91 4,885.79 630.01
2018-03-31 3,784.76 3,452.26 291.35
2017-12-31 3,816.92 2,749.14 437.20
2017-09-30 3,728.09 2,559.25 309.94
2017-06-30 3,619.19 2,303.02 309.81
2017-03-31 3,500.45 2,114.28 279.83
2016-12-31 3,554.66 2,299.97 5,769.18
2016-09-30 3,459.03 1,766.12 277.57
2016-06-30 3,359.44 2,149.24 310.12
2016-03-31 3,258.52 1,880.01 359.36
2015-12-31 3,296.10 1,996.19 4,020.16
2015-09-30 3,222.46 2,193.55 660.91
2015-06-30 3,154.12 2,175.10 1,029.26
2015-03-31 3,077.97 2,510.65 1,510.24
2014-12-31 3,098.61 2,555.50 5,559.42
2014-09-30 3,040.10 2,780.17 63.75
2014-06-30 2,971.19 2,408.12 277.53
2014-03-31 2,891.15 2,861.43 264.99
2013-12-31 2,901.10 2,412.09 4,776.42
2013-09-30 2,805.51 2,630.67 123.84
2013-06-30 2,753.92 2,094.70 78.35
2013-03-31 2,695.37 1,950.03 700.69
2012-12-31 2,676.14 1,977.15 4,536.26
2012-09-30 2,641.36 2,082.85 145.71
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.
  • Ringkjøbing Landbobank has an acceptable proportion of non-loan assets held.
  • Ringkjøbing Landbobank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Ringkjøbing Landbobank are broadly funded by customer deposits.
  • Ringkjøbing Landbobank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Ringkjøbing Landbobank has a sufficient allowance for bad loans.
  • Ringkjøbing Landbobank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Ringkjøbing Landbobank'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. Ringkjøbing Landbobank has a total score of 6/6, 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.

RILBA Dividends

 What is Ringkjøbing Landbobank'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
2.19%
Current annual income from Ringkjøbing Landbobank dividends. Estimated to be 2.63% next year.
If you bought DKK2,000 of Ringkjøbing Landbobank shares you are expected to receive DKK44 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?
  • Ringkjøbing Landbobank's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.61%).
  • Ringkjøbing Landbobank's dividend is below the markets top 25% of dividend payers in Denmark (4.66%).
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:RILBA 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 3 Analyst Estimates (S&P Global) See Below
Denmark Banks Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 7%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.4%
Denmark Minimum Threshold Dividend Yield 10th Percentile 0.9%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

CPSE:RILBA Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 12.85 3.00
2020-12-31 12.09 3.00
2019-12-31 11.04 3.00
CPSE:RILBA Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-26 10.000 2.355
2018-01-31 9.000 2.578
2017-01-31 7.200 2.243
2016-01-27 6.000 2.132
2015-01-28 5.200 1.791
2014-01-29 3.000 1.279
2013-01-30 2.800 1.413
2012-02-01 2.600 1.768
2011-04-14 2.400 1.973
2011-02-02 2.400 1.694
2009-10-21 0.000 0.000
2009-08-05 0.000 0.000
2009-04-22 0.000 0.000
2009-02-04 0.000 0.000

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

  • Whilst dividend payments have been stable, Ringkjøbing Landbobank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ringkjøbing Landbobank only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Ringkjøbing Landbobank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Ringkjøbing Landbobank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Ringkjøbing Landbobank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ringkjøbing Landbobank has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RILBA Management

 What is the CEO of Ringkjøbing Landbobank'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
John Fisker
COMPENSATION DKK5,576,000
AGE 55
TENURE AS CEO 7.2 years
CEO Bio

Mr. John Bull Fisker serves as the Chief Executive Officer of Ringkjøbing Landbobank A/S since May 1, 2012. Mr. Fisker is a Member of the general management since May 1, 1999. Mr. Fisker was employed by the bank on May 1, 1995. He serves as the Chairman of Letpension A/S, Copenhagen. He serves as the Deputy Chairman at Bankdata, Fredericia, BI Asset Management Fondsmæglerselskab A/S, Copenhagen and BI Holding A/S, Copenhagen. He has been a Director of Totalkredit A/S since August 9, 2017. He serves as a Board member at following companies Totalkredit A/S, Copenhagen, PRAS A/S, Copenhagen, Bankpension, Copenhagen, AUHE Midtvest's Støttefond, Herning, PFA Pension A/S, Copenhagen, and Pensionstilskudsfonden for medarbejdere i Ringkjøbing Landbobank, Ringkøbing.

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

Average tenure and age of the Ringkjøbing Landbobank management team in years:

2.5
Average Tenure
53
Average Age
  • The tenure for the Ringkjøbing Landbobank management team is about average.
Management Team

John Fisker

TITLE
CEO & Member of the General Management
COMPENSATION
DKK6M
AGE
55
TENURE
7.2 yrs

Jørn Nielsen

TITLE
GM & Member of the Management Board
COMPENSATION
DKK3M
AGE
47
TENURE
3.8 yrs

Claus Andersen

TITLE
General Manager & Member of the General Management
COMPENSATION
DKK3M
AGE
53
TENURE
1.1 yrs

Carl Pedersen

TITLE
GM & Member of the Management Board
COMPENSATION
DKK3M
AGE
57
TENURE
1.1 yrs

Ole Pedersen

TITLE
Financial Manager

Lars Hindø

TITLE
Executive assistant & Head of Investor Relations
AGE
53

Henrik Haugaard

TITLE
Chief Internal Auditor

Sten Erlandsen

TITLE
Head of Treasury
Board of Directors Tenure

Average tenure and age of the Ringkjøbing Landbobank board of directors in years:

1.8
Average Tenure
51.5
Average Age
  • The average tenure for the Ringkjøbing Landbobank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Martin Pedersen

TITLE
Chairman
AGE
52
TENURE
1.4 yrs

Jens Nielsen

TITLE
Deputy Chairman
AGE
63
TENURE
1.4 yrs

Mads Hvolby

TITLE
Deputy Chairman
AGE
63
TENURE
1.1 yrs

Gitte Sigersmunda Høgholm Vigsø

TITLE
Employee Elected Director
AGE
43
TENURE
8.3 yrs

Dan Junker Sørensen

TITLE
Employee Elected Director
AGE
30
TENURE
4.3 yrs

Jacob Møller

TITLE
Independent Director
AGE
50
TENURE
2.3 yrs

Jon Johnsen

TITLE
Director
AGE
51
TENURE
2.4 yrs

Lone Søllmann

TITLE
Director
AGE
51
TENURE
2.3 yrs

Morten Jensen

TITLE
Director
AGE
58
TENURE
1.1 yrs

Sten Uggerhøj

TITLE
Director
AGE
60
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (DKK) Value (DKK)
X
Management checks
We assess Ringkjøbing Landbobank'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. Ringkjøbing Landbobank 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.

RILBA News

Simply Wall St News

What Does Ringkjøbing Landbobank A/S's (CPH:RILBA) P/E Ratio Tell You?

We'll apply a basic P/E ratio analysis to Ringkjøbing Landbobank A/S's (CPH:RILBA), to help you decide if the stock is worth further research. … Check out our latest analysis for Ringkjøbing Landbobank How Do I Calculate Ringkjøbing Landbobank's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Ringkjøbing Landbobank: P/E of 19.36 = DKK423.5 ÷ DKK21.87 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Should Ringkjøbing Landbobank (CPH:RILBA) Be Disappointed With Their 84% Profit?

For example, long term Ringkjøbing Landbobank A/S (CPH:RILBA) shareholders have enjoyed a 84% share price rise over the last half decade, well in excess of the market return of around 32% (not including dividends). … During five years of share price growth, Ringkjøbing Landbobank achieved compound earnings per share (EPS) growth of 5.3% per year. … As it happens, Ringkjøbing Landbobank's TSR for the last 5 years was 107%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Does Ringkjøbing Landbobank A/S's (CPH:RILBA) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does John Fisker's Compensation Compare With Similar Sized Companies. … According to our data, Ringkjøbing Landbobank A/S has a market capitalization of ø13b, and pays its CEO total annual compensation worth ø5.6m.

Simply Wall St -

What You Should Know About Ringkjøbing Landbobank A/S’s (CPH:RILBA) Liquidity

As a small-cap bank stock with a market capitalisation of ø13b, Ringkjøbing Landbobank A/S’s (CPH:RILBA) risk and profitability are largely determined by the underlying economic growth of the DK regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Ringkjøbing Landbobank 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 -

Should You Be Concerned About Ringkjøbing Landbobank A/S’s (CPH:RILBA) Risks?

As a small-cap bank with a market capitalisation of ø12b, Ringkjøbing Landbobank A/S’s (CPH:RILBA) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Ringkjøbing Landbobank’s bottom line. … Today we will analyse Ringkjøbing Landbobank’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Is Ringkjøbing Landbobank A/S (CPH:RILBA) A Smart Pick For Income Investors?

Historically, Ringkjøbing Landbobank A/S (CPH:RILBA) has been paying a dividend to shareholders. … Does Ringkjøbing Landbobank tick all the boxes of a great dividend stock? … See our latest analysis for Ringkjøbing Landbobank

Simply Wall St -

Don't Sell Ringkjøbing Landbobank A/S (CPH:RILBA) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Ringkjøbing Landbobank has a price to earnings ratio of 17.54, based on the last twelve months. … How Do I Calculate Ringkjøbing Landbobank's Price To Earnings Ratio

Simply Wall St -

Update: Ringkjøbing Landbobank Stock Gained 63% In The Last Five Years

To wit, the Ringkjøbing Landbobank share price has climbed 63% in five years, easily topping the market return of 40% (ignoring dividends). … Over half a decade, Ringkjøbing Landbobank managed to grow its earnings per share at 7.9% a year. … This EPS growth is slower than the share price growth of 10% per year, over the same period.

Simply Wall St -

Is Ringkjøbing Landbobank A/S's (CPH:RILBA) Future Growth Already Accounted For In Today's Price?

Ringkjøbing Landbobank A/S (CPH:RILBA) is considered a high-growth stock, but its last closing price of DKK352.5 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … View our latest analysis for Ringkjøbing Landbobank? … According to the analysts covering the company, the following few years should bring about good growth prospects for Ringkjøbing Landbobank

Simply Wall St -

Is Ringkjøbing Landbobank A/S's (CPH:RILBA) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Ringkjøbing Landbobank? … How Does John Fisker's Compensation Compare With Similar Sized Companies?

Simply Wall St -

RILBA Company Info

Description

Ringkjøbing Landbobank A/S provides various banking products and services in Denmark. It offers various deposits, and loans and guarantees, as well as securities trading and custody, asset management, foreign exchange, and payment handling services. The company was founded in 1886 and is headquartered in Ringkøbing, Denmark.

Details
Name: Ringkjøbing Landbobank A/S
RILBA
Exchange: CPSE
Founded: 1886
DKK13,461,025,490
29,487,460
Website: http://www.landbobanken.dk
Address: Ringkjøbing Landbobank A/S
Torvet 1,
Ringkøbing,
Central Denmark Region, 6950,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE RILBA Share Capital OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
LSE 0RPR Share Capital London Stock Exchange GB DKK 02. Jan 1992
Number of employees
Current staff
Staff numbers
659
Ringkjøbing Landbobank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:53
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/01
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.