CPSE:RILBA

Stock Analysis Report

Ringkjøbing Landbobank

Executive Summary

Ringkjøbing Landbobank A/S provides various banking products and services in Denmark.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.2%

RILBA

1.2%

DK Banks

2.2%

DK Market


1 Year Return

37.0%

RILBA

20.4%

DK Banks

28.4%

DK Market

Return vs Industry: RILBA exceeded the Danish Banks industry which returned 20.4% over the past year.

Return vs Market: RILBA exceeded the Danish Market which returned 28.4% over the past year.


Shareholder returns

RILBAIndustryMarket
7 Day-1.2%1.2%2.2%
30 Day-1.6%4.2%6.0%
90 Day2.5%9.7%14.9%
1 Year40.3%37.0%25.0%20.4%32.2%28.4%
3 Year81.5%72.4%10.2%-20.0%62.6%48.8%
5 Year106.9%87.5%44.7%1.7%71.6%47.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ringkjøbing Landbobank undervalued compared to its fair value and its price relative to the market?

15.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RILBA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RILBA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RILBA is poor value based on its PE Ratio (15.1x) compared to the Banks industry average (7.7x).

PE vs Market: RILBA is good value based on its PE Ratio (15.1x) compared to the Danish market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: RILBA is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: RILBA is overvalued based on its PB Ratio (1.9x) compared to the DK Banks industry average (0.7x).


Next Steps

Future Growth

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

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RILBA's forecast earnings growth (6.1% per year) is above the savings rate (-0.3%).

Earnings vs Market: RILBA's earnings (6.1% per year) are forecast to grow slower than the Danish market (12.1% per year).

High Growth Earnings: RILBA's earnings are forecast to grow, but not significantly.

Revenue vs Market: RILBA's revenue (4.6% per year) is forecast to grow slower than the Danish market (6% per year).

High Growth Revenue: RILBA's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RILBA's Return on Equity is forecast to be low in 3 years time (13.5%).


Next Steps

Past Performance

How has Ringkjøbing Landbobank performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RILBA has high quality earnings.

Growing Profit Margin: RILBA's current net profit margins (47.6%) are higher than last year (43%).


Past Earnings Growth Analysis

Earnings Trend: RILBA's earnings have grown by 15.1% per year over the past 5 years.

Accelerating Growth: RILBA's earnings growth over the past year (47.5%) exceeds its 5-year average (15.1% per year).

Earnings vs Industry: RILBA earnings growth over the past year (47.5%) exceeded the Banks industry 12.2%.


Return on Equity

High ROE: RILBA's Return on Equity (12.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ringkjøbing Landbobank'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

Inventory Level: RILBA has a low level of unsold assets or inventory.

Debt Coverage by Assets: RILBA's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: RILBA's level of assets compared to its equity is low.

Allowance for Bad Loans: RILBA has a sufficient allowance for bad loans.

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

Loan Level: RILBA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: RILBA's loans are broadly funded by customer deposits.

Level of Bad Loans: RILBA has an appropriate level of bad loans (0.56%)


Next Steps

Dividend

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

2.20%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Ringkjøbing Landbobank before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.2%marketbottom25%1.4%markettop25%4.6%industryaverage3.8%forecastin3Years2.7%

Current dividend yield vs market & industry

Notable Dividend: RILBA's dividend (2.2%) is higher than the bottom 25% of dividend payers in the Danish market (1.41%).

High Dividend: RILBA's dividend (2.2%) is low compared to the top 25% of dividend payers in the Danish market (4.58%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RILBA has been paying a dividend for less than 10 years.

Growing Dividend: RILBA's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.2%), RILBA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RILBA's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

John Fisker (55yo)

7.8yrs

Tenure

ø6,269,000

Compensation

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 th ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD911.10K) is below average for companies of similar size in the Danish market ($USD1.34M).

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


Leadership Team

NamePositionTenureCompensationOwnership
John Fisker
CEO & Member of the General Management7.8yrsø6.27m0.26% DKK38.0m
Jørn Nielsen
GM & Member of the Management Board4.4yrsø3.06m0.034% DKK5.0m
Claus Andersen
GM & Member of the General Management1.7yrsø3.84m0.0055% DKK802.3k
Carl Pedersen
GM & Member of the Management Board1.7yrsø3.19m0.0039% DKK569.9k
Ole Pedersen
Financial Manager0yrsno datano data
Lars Hindø
Executive assistant & Head of Investor Relations0yrsno datano data
Henrik Haugaard
Chief Internal Auditor0yrsno datano data
Sten Erlandsen
Head of Treasury0yrsno datano data

3.0yrs

Average Tenure

53yo

Average Age

Experienced Management: RILBA's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sten Uggerhøj
Independent Director1.7yrsno data0.10% DKK15.1m
Mads Hvolby
Independent Deputy Chairman of the Board1.7yrsno data0.010% DKK1.5m
Gitte Sigersmunda Høgholm Vigsø
Employee Elected Director8.9yrsno data0.00034% DKK49.7k
Martin Pedersen
Independent Chairman2yrsno data0.10% DKK15.0m
Jens Nielsen
Independent Deputy Chairman2yrsno data0.0016% DKK235.3k
Dan Junker Sørensen
Employee Elected Director4.9yrsno datano data
Jacob Møller
Independent Director2.8yrsno data0.0027% DKK393.1k
Lone Søllmann
Independent Director2.8yrsno data0.0031% DKK453.0k
Jon Johnsen
Independent Director3yrsno datano data
Morten Jensen
Independent Director1.7yrsno data0.0038% DKK549.5k

2.4yrs

Average Tenure

51.5yo

Average Age

Experienced Board: RILBA's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 10.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Ringkjøbing Landbobank A/S
  • Ticker: RILBA
  • Exchange: CPSE
  • Founded: 1886
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: ø14.614b
  • Shares outstanding: 29.23m
  • Website: https://www.landbobanken.dk

Number of Employees


Location

  • Ringkjøbing Landbobank A/S
  • Torvet 1
  • Ringkøbing
  • Central Denmark Region
  • 6950
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RILBACPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
0RPRLSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 21:09
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
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.