Sparekassen Sjælland-Fyn
Sparekassen Sjælland-Fyn A/S, a savings bank, provides banking products and services to private individuals and corporate customers. The last earnings update was 46 days ago. More info.
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SPKSJF Share Price and Events
7 Day Returns
1 Year Returns
SPKSJF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Sparekassen Sjælland-Fyn (SPKSJF) | -0.4% | 5.8% | 9.3% | -9.7% | 10.4% | - |
| DK Banks | -3.8% | -4.9% | -9.2% | -40.8% | -30.9% | -26.4% |
| DK Market | -0.1% | 1% | 0.9% | 1.8% | 15.4% | 35.8% |
1 Year Return vs Industry and Market
- SPKSJF outperformed the Banks industry which returned -40.8% over the past year.
- SPKSJF underperformed the Market in Denmark which returned 1.8% over the past year.
Value
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
Sparekassen Sjælland-Fyn
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Sparekassen Sjælland-Fyn.
| 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 = DKK203.27 * 8.3% |
DKK16.79 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | DKK203.27 |
| Discount Rate (Cost of Equity) | See below | 5.7% |
| 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.
| 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))
= 0.592 (1 + (1- 22%) (61.01%)) |
0.915 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.91 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (0.915 * 5.96%) |
5.67% |
Discounted Cash Flow Calculation for CPSE:SPKSJF using Excess Returns Model Model
The calculations below outline how an intrinsic value for Sparekassen Sjælland-Fyn 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8.3% – 5.67%) * DKK203.27) |
DKK5.27 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= DKK5.27 / (5.67% - 0.21%) |
DKK96.68 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= DKK203.27 + DKK96.68 |
DKK299.95 |
| Calculation | Result | |
|---|---|---|
| Value per share (DKK) | From above. | DKK299.95 |
| Current discount | Discount to share price of
DKK94.40
= -1 x (DKK94.40 - DKK299.95) / DKK299.95 |
68.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Sparekassen Sjælland-Fyn's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Sparekassen Sjælland-Fyn's share price is below the future cash flow value, and 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 Sparekassen Sjælland-Fyn's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Sparekassen Sjælland-Fyn's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in DKK | DKK8.69 |
| CPSE:SPKSJF Share Price ** | CPSE (2019-06-24) in DKK | DKK94.4 |
| Denmark Banks Industry PE Ratio | Median Figure of 21 Publicly-Listed Banks Companies | 8.72x |
| Denmark Market PE Ratio | Median Figure of 102 Publicly-Listed Companies | 16.86x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Sparekassen Sjælland-Fyn.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = CPSE:SPKSJF Share Price ÷ EPS (both in DKK) = 94.4 ÷ 8.69 |
10.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sparekassen Sjælland-Fyn is overvalued based on earnings compared to the DK Banks industry average.
- Sparekassen Sjælland-Fyn is good value based on earnings compared to the Denmark market.
Price based on expected Growth
Does
Sparekassen Sjælland-Fyn's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.86x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
19.1%per year |
| Denmark Banks Industry PEG Ratio | Median Figure of 6 Publicly-Listed Banks Companies | 0.03x |
| Denmark Market PEG Ratio | Median Figure of 44 Publicly-Listed Companies | 2.15x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.86x ÷ 19.1% |
0.57x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sparekassen Sjælland-Fyn is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Sparekassen Sjælland-Fyn's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in DKK | DKK179.15 |
| CPSE:SPKSJF Share Price * | CPSE (2019-06-24) in DKK | DKK94.4 |
| Denmark Banks Industry PB Ratio | Median Figure of 21 Publicly-Listed Banks Companies | 0.65x |
| Denmark Market PB Ratio | Median Figure of 136 Publicly-Listed Companies | 1.62x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = CPSE:SPKSJF Share Price ÷ Book Value per Share (both in DKK) = 94.4 ÷ 179.15 |
0.53x |
* Primary Listing of Sparekassen Sjælland-Fyn.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sparekassen Sjælland-Fyn is good value based on assets compared to the DK Banks industry average.
Value checks
We assess Sparekassen Sjælland-Fyn's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Sparekassen Sjælland-Fyn has a total score of 5/6, 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Sparekassen Sjælland-Fyn's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Sparekassen Sjælland-Fyn's earnings growth is expected to exceed the Denmark market average.
- Sparekassen Sjælland-Fyn's revenue growth is positive but not above the Denmark market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| CPSE:SPKSJF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 19.1% |
| CPSE:SPKSJF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 4.2% |
| Denmark Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 2.8% |
| Denmark Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 2.2% |
| Denmark Market Earnings Growth Rate | Market Cap Weighted Average | 10.5% |
| Denmark Market Revenue Growth Rate | Market Cap Weighted Average | 6.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in DKK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,171 | 271 | 1 | |
| 2020-12-31 | 1,136 | 252 | 1 | |
| 2019-12-31 | 1,089 | 219 | 1 |
| Date (Data in DKK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,040 | -2,439 | 148 |
| 2018-12-31 | 1,045 | -2,153 | 148 |
| 2018-09-30 | 1,035 | -1,006 | 162 |
| 2018-06-30 | 1,036 | -1,225 | 178 |
| 2018-03-31 | 1,046 | -170 | 206 |
| 2017-12-31 | 1,047 | -377 | 201 |
| 2017-09-30 | 1,038 | -430 | 204 |
| 2017-06-30 | 1,024 | -346 | 192 |
| 2017-03-31 | 990 | 75 | 173 |
| 2016-12-31 | 960 | -120 | 159 |
| 2016-09-30 | 941 | -261 | 29 |
| 2016-06-30 | 895 | -451 | 12 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Sparekassen Sjælland-Fyn Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in DKK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 14.17 | 14.17 | 14.17 | 1.00 |
| 2020-12-31 | 13.09 | 13.09 | 13.09 | 1.00 |
| 2019-12-31 | 11.38 | 11.38 | 11.38 | 1.00 |
| Date (Data in DKK Millions) | EPS * |
|---|---|
| 2019-03-31 | 8.69 |
| 2018-12-31 | 9.27 |
| 2018-09-30 | 11.17 |
| 2018-06-30 | 12.78 |
| 2018-03-31 | 15.48 |
| 2017-12-31 | 15.25 |
| 2017-09-30 | 15.78 |
| 2017-06-30 | 14.87 |
| 2017-03-31 | 13.39 |
| 2016-12-31 | 12.31 |
| 2016-09-30 | 2.24 |
| 2016-06-30 | 0.96 |
*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.
- Sparekassen Sjælland-Fyn is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Sparekassen Sjælland-Fyn's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Denmark market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Denmark market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Sparekassen Sjælland-Fyn has a total score of 2/6, 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.
Past Performance
How has Sparekassen Sjælland-Fyn 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
Past Earnings growth analysis
- Sparekassen Sjælland-Fyn has delivered over 20% year on year earnings growth in the past 5 years.
- Sparekassen Sjælland-Fyn's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Sparekassen Sjælland-Fyn's 1-year earnings growth is negative, it can't be compared to the DK Banks industry average.
Earnings and Revenue History
All data from Sparekassen Sjælland-Fyn Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in DKK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,040.24 | 147.91 | 774.24 | |
| 2018-12-31 | 1,044.55 | 148.13 | 768.92 | |
| 2018-09-30 | 1,034.52 | 162.22 | 779.38 | |
| 2018-06-30 | 1,035.60 | 177.80 | 766.84 | |
| 2018-03-31 | 1,046.41 | 205.51 | 749.07 | |
| 2017-12-31 | 1,047.32 | 200.79 | 731.90 | |
| 2017-09-30 | 1,037.71 | 203.61 | 716.74 | |
| 2017-06-30 | 1,024.22 | 192.43 | 701.49 | |
| 2017-03-31 | 990.21 | 173.19 | 687.88 | |
| 2016-12-31 | 959.57 | 159.41 | 679.32 | |
| 2016-09-30 | 941.50 | 28.94 | 668.28 | |
| 2016-06-30 | 894.70 | 12.44 | 662.62 | |
| 2016-03-31 | 864.30 | 9.93 | 651.14 | |
| 2015-12-31 | 838.72 | 7.06 | 644.02 | |
| 2015-06-30 | 907.16 | 165.16 | 625.30 | |
| 2015-03-31 | 881.28 | 180.89 | 615.87 | |
| 2014-12-31 | 833.00 | 178.79 | 613.17 | |
| 2014-06-30 | -497.39 | -629.59 | 594.69 | |
| 2014-03-31 | -552.26 | -686.38 | 563.53 | |
| 2013-12-31 | -607.12 | -743.17 | 532.37 | |
| 2013-06-30 | 490.53 | -24.26 | 471.10 | |
| 2013-03-31 | 506.84 | -2.23 | 474.19 | |
| 2012-12-31 | 523.15 | 19.80 | 477.29 | |
| 2012-09-30 | 491.49 | 29.72 | 450.88 | |
| 2012-06-30 | 459.83 | 39.65 | 424.48 |
*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.
- Sparekassen Sjælland-Fyn has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Sparekassen Sjælland-Fyn used its assets less efficiently than the DK Banks industry average last year based on Return on Assets.
- Unable to establish if Sparekassen Sjælland-Fyn improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Sparekassen Sjælland-Fyn's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Sparekassen Sjælland-Fyn has a total score of 1/6, 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.
Health
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Sparekassen Sjælland-Fyn Company Filings, last reported 2 months ago.
| Date (Data in DKK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 3,111.11 | 1,000.15 | 1,774.11 |
| 2018-12-31 | 3,083.31 | 902.18 | 1,840.55 |
| 2018-09-30 | 3,588.23 | 1,049.50 | 2,596.93 |
| 2018-06-30 | 3,530.82 | 908.17 | 2,629.92 |
| 2018-03-31 | 2,783.63 | 740.55 | 2,849.05 |
| 2017-12-31 | 2,812.41 | 869.46 | 2,213.64 |
| 2017-09-30 | 2,739.83 | 723.11 | 1,727.37 |
| 2017-06-30 | 2,672.01 | 781.99 | 1,761.95 |
| 2017-03-31 | 2,649.35 | 716.47 | 1,713.09 |
| 2016-12-31 | 2,587.77 | 927.78 | 1,781.37 |
| 2016-09-30 | 2,588.64 | 766.28 | 1,493.34 |
| 2016-06-30 | 2,533.82 | 918.00 | 1,600.02 |
| 2016-03-31 | 2,529.95 | 817.24 | 893.62 |
| 2015-12-31 | 2,469.21 | 821.23 | 1,033.18 |
| 2015-06-30 | 1,645.00 | 1,560.00 | 1,462.00 |
| 2015-03-31 | 2,199.85 | 962.99 | 1,526.81 |
| 2014-12-31 | 2,199.85 | 962.99 | 1,526.81 |
| 2014-06-30 | 1,577.08 | 1,647.46 | 309.05 |
| 2014-03-31 | 1,577.08 | 1,647.46 | 309.05 |
| 2013-12-31 | 1,528.90 | 1,935.71 | 938.65 |
| 2013-06-30 | 2,186.08 | 1,538.40 | 76.02 |
| 2013-03-31 | 2,186.08 | 1,538.40 | 76.02 |
| 2012-12-31 | 2,216.31 | 2,768.62 | 504.14 |
| 2012-09-30 | 2,216.31 | 2,768.62 | 504.14 |
| 2012-06-30 | 2,141.91 | 2,788.96 | 80.70 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Sparekassen Sjælland-Fyn has an acceptable proportion of non-loan assets held.
- Sparekassen Sjælland-Fyn's liabilities are made up of primarily low risk sources of funding.
- Loans at Sparekassen Sjælland-Fyn are broadly funded by customer deposits.
- Sparekassen Sjælland-Fyn's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Unable to establish if Sparekassen Sjælland-Fyn has a sufficient allowance for bad loans without relevant financial data.
- Unable to establish if Sparekassen Sjælland-Fyn has an acceptable level of bad loans without bad loans data.
Financial health checks
We assess Sparekassen Sjælland-Fyn's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Sparekassen Sjælland-Fyn has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Sparekassen Sjælland-Fyn'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
If you bought
DKK2,000 of
Sparekassen Sjælland-Fyn
shares you are expected to receive
DKK53
in your first year as a dividend.
Dividend Amount
- Sparekassen Sjælland-Fyn's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.64%).
- Sparekassen Sjælland-Fyn's dividend is below the markets top 25% of dividend payers in Denmark (4.71%).
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.
| 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 1 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 78 Stocks | 2.4% |
| Denmark Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| 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.
| Date (Data in DKK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 3.54 | 1.00 |
| 2020-12-31 | 3.27 | 1.00 |
| 2019-12-31 | 2.84 | 1.00 |
| Date (Data in DKK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-07 | 2.500 | 2.835 |
| 2018-10-29 | 0.000 | 0.000 |
| 2018-08-14 | 0.000 | 0.000 |
| 2018-05-08 | 0.000 | 0.000 |
| 2018-02-08 | 0.000 | 0.000 |
| 2017-03-09 | 3.050 | 2.465 |
| 2016-03-16 | 3.000 | 3.086 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sparekassen Sjælland-Fyn has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Sparekassen Sjælland-Fyn has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Sparekassen Sjælland-Fyn's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Sparekassen Sjælland-Fyn afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Sparekassen Sjælland-Fyn 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.
Management
CEO
| COMPENSATION | DKK5,124,000 |
| AGE | 51 |
| TENURE AS CEO | 9.4 years |
CEO Bio
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 Sparekassen Sjælland. He served as Chief Executive Officer of Sjælland Ejendomme A/S. He serves as the Chairman of the Board of Directors in Sparekassen Fyn A/S and Holbæk kommunes talentråd. He serves as Deputy Chairman of the Board of Directors in Nærpension and Lokal Puljepension. Mr. Petersson serves as a Director of BI Holding A/S, DLR Kredit A/S, Tilskudsfonden for pensionister i DLR, Copenhagen FinTech and Sjælland Ejendomme A/S. He served as Member of the Board of Directors of Leasing Fyn Faaborg A/S, Leasing Fyn Bank A/S and ForsikringsSamarbejde A/S (FSS). He holds Master's degree in Management.
CEO Compensation
- Lars's compensation has been consistent with company performance over the past year, both up more than 20%.
- Lars's remuneration is higher than average for companies of similar size in Denmark.
Management Team Tenure
Average tenure and age of the Sparekassen Sjælland-Fyn management team in years:
- The average tenure for the Sparekassen Sjælland-Fyn management team is less than 2 years, this suggests a new team.
Management Team
Lars Petersson
MD, CEO & Member of Executive Board
DKK5M
51
9.4 yrs
Bruno Riis-Nielsen
Savings Bank Director & Member of Executive Board
DKK4M
65
Jens Trane
Chief Financial Officer
Lars Bolding
Savings Bank Director
54
0.4 yrs
Thomas Sandal
Head of Internal Audit
Pia Blæsbjerg
Head of Compliance & Customer Complaints
Marianne Salling
Sales & Marketing Manager
1.4 yrs
Bettina Krohn
Chief Human Resources Officer
Jan Jensen
Head of the Secretariat & Executive Secretary
Lars Mikkelsen
Head of Credits
Board of Directors Tenure
Average tenure and age of the Sparekassen Sjælland-Fyn board of directors in years:
- The tenure for the Sparekassen Sjælland-Fyn board of directors is about average.
Board of Directors
Thomas Kullegaard
Chairman of the Board
65
7.4 yrs
Jakob Andersson
Vice Chairman of the Board
51
6.4 yrs
Lars Bolding
Savings Bank Director
54
0.4 yrs
Bent Andersen
Independent Director
70
4.4 yrs
Erik Larsen
Independent Director
60
6.4 yrs
Otto Spliid
Independent Director
57
6.4 yrs
Per Olsen
Development Director & Director
55
25.4 yrs
Mads Wallin
Director
38
3.4 yrs
Helle Lindhof Bjornoe
Director
55
4.4 yrs
Kirsten Nielsen
Director
0.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (DKK) | Value (DKK) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Sparekassen Sjælland-Fyn's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Sparekassen Sjælland-Fyn 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.
News
Simply Wall St News
Do Institutions Own Shares In Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF)?
Every investor in Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of ø1.5b, Sparekassen Sjælland-Fyn is a small cap stock, so it might not be well known by many institutional investors.
Simply Wall St - – Full articleWhat Makes Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF) A Hard Investment?
Sparekassen Sjælland-Fyn A/S’s (CPH:SPKSJF) profitability and risk are largely affected by the underlying economic growth for the region it operates in DK given it is a small-cap stock with a market capitalisation of ø1.75b. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Sparekassen Sjælland-Fyn to vulnerabilities.
Simply Wall St - – Full articleThree Understated Metrics For Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF) You Should Know
As a small-cap bank stock with a market capitalisation of ø1.84b, Sparekassen Sjælland-Fyn A/S’s (CPH:SPKSJF) risk and profitability are largely determined by the underlying economic growth of the DK regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Sparekassen Sjælland-Fyn to vulnerabilities. … High liquidity and low leverage could position Sparekassen Sjælland-Fyn favourably at the face of macro headwinds.
Simply Wall St - – Full articleShould You Have Sparekassen Sjælland-Fyn A/S's (CPH:SPKSJF) In Your Portfolio?
Generally, an investor should consider two types of risk that impact the market value of SPKSJF. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … SPKSJF's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns.
Simply Wall St - – Full articleShould You Buy Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF) At This PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SPKSJF Price per share = DKK108.5 Earnings per share = DKK15.464 ∴ Price-Earnings Ratio = DKK108.5 ÷ DKK15.464 = 7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with SPKSJF, then SPKSJF’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with SPKSJF, SPKSJF’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.
Simply Wall St - – Full articleWith An ROE Of 9.15%, Has Sparekassen Sjælland-Fyn A/S's (CPH:SPKSJF) Management Done Well?
See our latest analysis for Sparekassen Sjælland-Fyn Breaking down Return on Equity Return on Equity (ROE) is a measure of Sparekassen Sjælland-Fyn’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Sparekassen Sjælland-Fyn’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity CPSE:SPKSJF Last Perf Apr 20th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.
Simply Wall St - – Full articleThree Understated Metrics For Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF) You Should Know
Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds. … Since Sparekassen Sjælland-Fyn’s loan to deposit ratio of 66.77%is well-below than the appropriate maximum of 90%, this means the bank is lending out less than its total level of deposits and positions the bank cautiously in terms of liquidity as it has not disproportionately lent out its deposits and has retained an apt level of deposits. … There is opportunity for the bank to increase its interest income by lending out more loans.Next Steps: Sparekassen Sjælland-Fyn passes all of our liquidity and leverage checks which shows it is prudent in managing those factors.
Simply Wall St - – Full articleWant To Invest In Sparekassen Sjælland-Fyn A/S (CPH:SPKSJF)? Here's How It Performed Lately
Check out our latest analysis for Sparekassen Sjælland-Fyn Were SPKSJF's earnings stronger than its past performances and the industry? … For Sparekassen Sjælland-Fyn, its latest trailing-twelve-month earnings is Ø200.79M, which, in comparison to the prior year's level, has jumped up by 25.96%. … Given that these values may be relatively short-term thinking, I’ve calculated an annualized five-year figure for SPKSJF's earnings, which stands at -Ø16.23M This suggests that, on average, Sparekassen Sjælland-Fyn has been able to gradually improve its earnings over the past few years as well.
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | Sparekassen Sjælland-Fyn A/S |
| SPKSJF | |
| Exchange: | CPSE |
| Founded: | 1825 |
| DKK1,639,322,835 | |
| 17,365,708 | |
| Website: | http://www.spks.dk |
| Address: |
Sparekassen Sjælland-Fyn A/S Isefjords Alle 5, Holbaek, Region of Southern Denmark, 4300, Denmark |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| CPSE | SPKSJF | Bearer Shares | OMX Nordic Exchange Copenhagen | DK | DKK | 03. Dec 2015 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/24 22:45 |
| End of day share price update: | 2019/06/24 00:00 |
| Last estimates confirmation: | 2019/05/10 |
| Last earnings filing: | 2019/05/09 |
| 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.
