| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
SPNO Stock Overview
Spar Nord Bank A/S provides various banking products and services to retail, business, and public sector customers in Denmark.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr.97.20 |
| 52 Week High | kr.106.20 |
| 52 Week Low | kr.54.90 |
| Beta | 0.95 |
| 1 Month Change | 18.39% |
| 3 Month Change | 17.96% |
| 1 Year Change | 59.34% |
| 3 Year Change | 74.19% |
| 5 Year Change | 21.58% |
| Change since IPO | 278.21% |
Recent News & Updates
Shareholder Returns
| SPNO | DK Banks | DK Market | |
|---|---|---|---|
| 7D | 7.9% | 6.3% | -1.3% |
| 1Y | 59.3% | 28.1% | 9.9% |
Return vs Industry: SPNO exceeded the Danish Banks industry which returned 31.9% over the past year.
Return vs Market: SPNO exceeded the Danish Market which returned 10.1% over the past year.
Price Volatility
| SPNO volatility | |
|---|---|
| SPNO Average Weekly Movement | 4.6% |
| Banks Industry Average Movement | 3.5% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in DK Market | 10.2% |
| 10% least volatile stocks in DK Market | 3.0% |
Stable Share Price: SPNO is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SPNO's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1824 | 1,624 | Lasse Nyby | https://www.sparnord.com |
Spar Nord Bank A/S provides various banking products and services to retail, business, and public sector customers in Denmark. It offers deposits, loans, advances, and guarantees; and mortgage loans, as well as custodianship accounts. The company also provides leasing products; and trading services in the field of equities, bonds, interest and forex, asset management, and international transactions.
Spar Nord Bank Fundamentals Summary
| SPNO fundamental statistics | |
|---|---|
| Market Cap | kr.11.95b |
| Earnings (TTM) | kr.1.22b |
| Revenue (TTM) | kr.3.81b |
9.8x
P/E Ratio1.0x
P/B RatioIs SPNO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPNO income statement (TTM) | |
|---|---|
| Revenue | kr.3.81b |
| Cost of Revenue | kr.0 |
| Gross Profit | kr.3.81b |
| Expenses | kr.2.59b |
| Earnings | kr.1.22b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 10, 2022
| Earnings per share (EPS) | 9.89 |
| Gross Margin | 100.00% |
| Net Profit Margin | 31.92% |
| Debt/Equity Ratio | 79.8% |
How did SPNO perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield15%
Payout RatioValuation
Is Spar Nord Bank undervalued compared to its fair value and its price relative to the market?
42.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPNO (DKK97.2) is trading below our estimate of fair value (DKK167.46)
Significantly Below Fair Value: SPNO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPNO's PE Ratio (9.8x) is in line with the Danish Banks industry average.
PE vs Market: SPNO is good value based on its PE Ratio (9.8x) compared to the Danish market (17x).
Price to Earnings Growth Ratio
PEG Ratio: SPNO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SPNO's PB Ratio (1x) is in line with the DK Banks industry average.
Future Growth
How is Spar Nord Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPNO's earnings are forecast to decline over the next 3 years (-4% per year).
Earnings vs Market: SPNO's earnings are forecast to decline over the next 3 years (-4% per year).
High Growth Earnings: SPNO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SPNO's revenue (0.8% per year) is forecast to grow slower than the Danish market (6.7% per year).
High Growth Revenue: SPNO's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPNO's Return on Equity is forecast to be low in 3 years time (10.1%).
Past Performance
How has Spar Nord Bank performed over the past 5 years?
0.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPNO has a high level of non-cash earnings.
Growing Profit Margin: SPNO's current net profit margins (31.9%) are higher than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: SPNO's earnings have grown by 0.4% per year over the past 5 years.
Accelerating Growth: SPNO's earnings growth over the past year (89.5%) exceeds its 5-year average (0.4% per year).
Earnings vs Industry: SPNO earnings growth over the past year (89.5%) exceeded the Banks industry 61.1%.
Return on Equity
High ROE: SPNO's Return on Equity (10.5%) is considered low.
Financial Health
How is Spar Nord Bank'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
Financial Institutions Analysis
Asset Level: SPNO's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: SPNO has a low allowance for bad loans (83%).
Low Risk Liabilities: 85% of SPNO's liabilities are made up of primarily low risk sources of funding.
Loan Level: SPNO has an appropriate level of Loans to Assets ratio (41%).
Low Risk Deposits: SPNO's Loans to Deposits ratio (54%) is appropriate.
Level of Bad Loans: SPNO has a high level of bad loans (3.7%).
Dividend
What is Spar Nord Bank current dividend yield, its reliability and sustainability?
1.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPNO's dividend (1.54%) is higher than the bottom 25% of dividend payers in the Danish market (1.17%).
High Dividend: SPNO's dividend (1.54%) is low compared to the top 25% of dividend payers in the Danish market (3.24%).
Stability and Growth of Payments
Stable Dividend: SPNO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SPNO's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.6%), SPNO's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPNO's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.8yrs
Average management tenure
CEO
Lasse Nyby (61 yo)
27yrs
Tenure
kr.5,700,000
Compensation
Mr. Lasse Nyby serves as a Director of Foreningen Ap Pension F M B A and serves as its Vice Chairman of the Board since 2021. He serves as Vice Chairman at AP Pension Livsforsikringsaktieselskab. He had be...
CEO Compensation Analysis
Compensation vs Market: Lasse's total compensation ($USD873.60K) is below average for companies of similar size in the Danish market ($USD1.39M).
Compensation vs Earnings: Lasse's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SPNO's management team is seasoned and experienced (11.8 years average tenure).
Board Members
Experienced Board: SPNO's board of directors are considered experienced (5.8 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Spar Nord Bank A/S's employee growth, exchange listings and data sources
Key Information
- Name: Spar Nord Bank A/S
- Ticker: SPNO
- Exchange: CPSE
- Founded: 1824
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: kr.11.947b
- Shares outstanding: 122.91m
- Website: https://www.sparnord.com
Number of Employees
Location
- Spar Nord Bank A/S
- Skelagervej 15
- PO Box 162
- Aalborg
- North Denmark Region
- 9100
- Denmark
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 23:02 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.