Sparekassen Sjælland-Fyn
Market Cap
ø1.7b
Last Updated
2020/02/19 23:05 UTC
Data Sources
Company Financials +
Executive Summary
Sparekassen Sjælland-Fyn A/S, a savings bank, provides banking products and services to private individuals and corporate customers.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet.
Share Price & News
How has Sparekassen Sjælland-Fyn's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPKSJF has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.8%
SPKSJF
0.9%
DK Banks
2.7%
DK Market
1 Year Return
14.3%
SPKSJF
20.5%
DK Banks
28.5%
DK Market
Return vs Industry: SPKSJF underperformed the Danish Banks industry which returned 20.5% over the past year.
Return vs Market: SPKSJF underperformed the Danish Market which returned 28.5% over the past year.
Shareholder returns
| SPKSJF | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 0.9% | 2.7% |
| 30 Day | 3.6% | 3.7% | 6.4% |
| 90 Day | 9.6% | 10.2% | 16.5% |
| 1 Year | 17.6%14.3% | 25.2%20.5% | 32.4%28.5% |
| 3 Year | -16.6%-21.4% | 9.9%-21.0% | 63.2%49.2% |
| 5 Year | n/a | 44.7%1.0% | 74.2%49.6% |
Price Volatility Vs. Market
How volatile is Sparekassen Sjælland-Fyn's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholders Own Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF)?1 month ago | Simply Wall St
Why Sparekassen Sjælland-Fyn A/S's (CPH:SPKSJF) High P/E Ratio Isn't Necessarily A Bad Thing10 months ago | Simply Wall St
Do Institutions Own Shares In Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF)?Valuation
Is Sparekassen Sjælland-Fyn undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPKSJF (DKK97.8) is trading below our estimate of fair value (DKK270.05)
Significantly Below Fair Value: SPKSJF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPKSJF is poor value based on its PE Ratio (8.4x) compared to the Banks industry average (7.7x).
PE vs Market: SPKSJF is good value based on its PE Ratio (8.4x) compared to the Danish market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: SPKSJF is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: SPKSJF is overvalued based on its PB Ratio (0.8x) compared to the DK Banks industry average (0.7x).
Next Steps
Future Growth
How is Sparekassen Sjælland-Fyn forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPKSJF's forecast earnings growth (8% per year) is above the savings rate (-0.3%).
Earnings vs Market: SPKSJF's earnings (8% per year) are forecast to grow slower than the Danish market (12.1% per year).
High Growth Earnings: SPKSJF's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPKSJF's revenue (2.7% per year) is forecast to grow slower than the Danish market (6% per year).
High Growth Revenue: SPKSJF's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPKSJF's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has Sparekassen Sjælland-Fyn performed over the past 5 years?
13.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPKSJF has high quality earnings.
Growing Profit Margin: SPKSJF's current net profit margins (21%) are higher than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: SPKSJF's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: SPKSJF's earnings growth over the past year (53.1%) exceeds its 5-year average (13.1% per year).
Earnings vs Industry: SPKSJF earnings growth over the past year (53.1%) exceeded the Banks industry 12.2%.
Return on Equity
High ROE: SPKSJF's Return on Equity (7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sparekassen Sjælland-Fyn'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: SPKSJF has a low level of unsold assets or inventory.
Debt Coverage by Assets: SPKSJF's debt is covered by short term assets (assets are 2.5x debt).
Financial Institutions Analysis
Asset Level: SPKSJF's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SPKSJF has a sufficient allowance for bad loans.
Low Risk Liabilities: SPKSJF's liabilities are made up of primarily low risk sources of funding.
Loan Level: SPKSJF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SPKSJF's loans are broadly funded by customer deposits.
Level of Bad Loans: Insufficient data to determine if SPKSJF has an appropriate level of bad loans.
Next Steps
Dividend
What is Sparekassen Sjælland-Fyn's current dividend yield, its reliability and sustainability?
2.56%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SPKSJF's dividend (2.56%) is higher than the bottom 25% of dividend payers in the Danish market (1.4%).
High Dividend: SPKSJF's dividend (2.56%) is low compared to the top 25% of dividend payers in the Danish market (4.62%).
Stability and Growth of Payments
Stable Dividend: SPKSJF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SPKSJF has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.4%), SPKSJF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPKSJF's dividends in 3 years are forecast to be well covered by earnings (27.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Lars Petersson (52yo)
10.1yrs
Tenure
ø5,117,000
Compensation
Mr. Lars Petersson serves as Chief Executive Officer, Managing Director & Member of Executive Board at Sparekassen Sjælland-Fyn A/S. Mr. Petersson serves as Chief Executive Officer and Managing Director of ...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD739.69K) is about average for companies of similar size in the Danish market ($USD576.61K).
Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Member of Executive Board | 10.1yrs | ø5.12m | 0.067% DKK1.1m | |
| Savings Bank Director & Member of Executive Board | 0yrs | ø3.98m | 0.046% DKK784.8k | |
| Savings Bank Director | 1.1yrs | ø3.34m | no data | |
| Chief Financial Officer | 0yrs | no data | no data | |
| Chief Audit Officer | 0yrs | no data | no data | |
| Compliance & Complaints Officer | 0yrs | no data | no data | |
| Sales & Marketing Manager | 2.1yrs | no data | no data | |
| HR Director | 0yrs | no data | no data | |
| Head of Credits | 0yrs | no data | no data | |
| Head of Markets | 0yrs | no data | no data |
2.1yrs
Average Tenure
55yo
Average Age
Experienced Management: SPKSJF's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Savings Bank Director | 1.1yrs | ø3.34m | no data | |
| Independent Director | 7.1yrs | ø220.00k | 0.0023% DKK39.1k | |
| Independent Director | 5.1yrs | ø420.00k | 0.0036% DKK61.3k | |
| Independent Director | 7.1yrs | ø235.00k | 0.024% DKK401.7k | |
| Independent Vice Chairman of the Board | 7.1yrs | ø470.00k | 0.063% DKK1.1m | |
| Independent Chairman of the Board | 8.1yrs | ø585.00k | 0.083% DKK1.4m | |
| Development Director & Director | 26.1yrs | ø235.00k | 0.031% DKK523.0k | |
| Director | 5.1yrs | ø205.00k | 0.015% DKK261.3k | |
| Director | 4.1yrs | ø205.00k | 0.0044% DKK75.2k | |
| Director | 1.1yrs | ø176.00k | no data |
6.1yrs
Average Tenure
56yo
Average Age
Experienced Board: SPKSJF's board of directors are considered experienced (6.1 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 been diluted in the past year, with total shares outstanding growing by 21.2%.
Top Shareholders
Company Information
Sparekassen Sjælland-Fyn A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sparekassen Sjælland-Fyn A/S
- Ticker: SPKSJF
- Exchange: CPSE
- Founded: 1825
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ø1.694b
- Shares outstanding: 17.32m
- Website: https://www.spks.dk
Number of Employees
Location
- Sparekassen Sjælland-Fyn A/S
- Isefjords Alle 5
- Holbæk
- Zealand Region
- 4300
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPKSJF | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Bearer Shares | DK | DKK | Dec 2015 |
| SPKSJC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | DKK | Dec 2015 |
| 0RD0 | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | DKK | Dec 2015 |
Biography
Sparekassen Sjælland-Fyn A/S, a savings bank, provides banking products and services to private individuals and corporate customers. It offers savings accounts, cards, insurance products, foreign trade services, investment products, portfolio management, equity products, housing loans, pension products, and online banking services The company was formerly known as Sparekassen Sjælland A/S and changed its name to Sparekassen Sjælland-Fyn A/S in May 2016. Sparekassen Sjælland-Fyn A/S was founded in 1825 and is based in Holbæk, Denmark.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 23:05 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.