company background image
SYDB

SydbankCPSE:SYDB Stock Report

Last Price

kr.235.40

Market Cap

kr.13.6b

7D

7.4%

1Y

71.1%

Updated

17 Jan, 2022

Data

Company Financials +
SYDB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health5/6
Dividends4/6

SYDB Stock Overview

Sydbank A/S, together with its subsidiaries, provides various banking products and services to corporate and retail customers in Denmark and internationally.

Sydbank Competitors

Resurs Holding

OM:RESURS

kr7.9b

Price History & Performance

Summary of all time highs, changes and price drops for Sydbank
Historical stock prices
Current Share Pricekr.235.40
52 Week Highkr.242.20
52 Week Lowkr.120.10
Beta1.35
1 Month Change16.30%
3 Month Change6.04%
1 Year Change71.08%
3 Year Change50.13%
5 Year Change5.66%
Change since IPO697.97%

Recent News & Updates

Shareholder Returns

SYDBDK BanksDK Market
7D7.4%6.3%-1.3%
1Y71.1%28.1%9.9%

Return vs Industry: SYDB exceeded the Danish Banks industry which returned 31.9% over the past year.

Return vs Market: SYDB exceeded the Danish Market which returned 10.1% over the past year.

Price Volatility

Is SYDB's price volatile compared to industry and market?
SYDB volatility
SYDB Average Weekly Movement3.9%
Banks Industry Average Movement3.5%
Market Average Movement5.1%
10% most volatile stocks in DK Market10.2%
10% least volatile stocks in DK Market3.0%

Stable Share Price: SYDB is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SYDB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19702,109Karen Frøsighttps://www.sydbank.com

Sydbank A/S, together with its subsidiaries, provides various banking products and services to corporate and retail customers in Denmark and internationally. The company operates in Banking, Asset Management, Sydbank Markets, Treasury, and Other segments. It offers various deposits, and loans and advances; and corporate banking services, including financing solutions and advisory services; and international commercial banking services, such as payment services and cash management solutions.

Sydbank Fundamentals Summary

How do Sydbank's earnings and revenue compare to its market cap?
SYDB fundamental statistics
Market Capkr.13.62b
Earnings (TTM)kr.1.23b
Revenue (TTM)kr.4.98b

11.0x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SYDB income statement (TTM)
Revenuekr.4.98b
Cost of Revenuekr.0
Gross Profitkr.4.98b
Expenseskr.3.74b
Earningskr.1.23b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 02, 2022

Earnings per share (EPS)21.32
Gross Margin100.00%
Net Profit Margin24.80%
Debt/Equity Ratio181.8%

How did SYDB perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

19%

Payout Ratio

Valuation

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

49.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SYDB (DKK235.4) is trading below our estimate of fair value (DKK466.87)

Significantly Below Fair Value: SYDB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SYDB is poor value based on its PE Ratio (11x) compared to the Danish Banks industry average (9.9x).

PE vs Market: SYDB is good value based on its PE Ratio (11x) compared to the Danish market (17x).


Price to Earnings Growth Ratio

PEG Ratio: SYDB is poor value based on its PEG Ratio (10.7x)


Price to Book Ratio

PB vs Industry: SYDB is overvalued based on its PB Ratio (1x) compared to the DK Banks industry average (0.9x).


Future Growth

How is Sydbank forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYDB's forecast earnings growth (1% per year) is above the savings rate (0.1%).

Earnings vs Market: SYDB's earnings (1% per year) are forecast to grow slower than the Danish market (8.5% per year).

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

Revenue vs Market: SYDB's revenue (2.2% per year) is forecast to grow slower than the Danish market (6.7% per year).

High Growth Revenue: SYDB's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SYDB's Return on Equity is forecast to be low in 3 years time (10.4%).


Past Performance

How has Sydbank performed over the past 5 years?

-13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYDB has high quality earnings.

Growing Profit Margin: SYDB's current net profit margins (24.8%) are higher than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: SYDB's earnings have declined by 13.4% per year over the past 5 years.

Accelerating Growth: SYDB's earnings growth over the past year (61.1%) exceeds its 5-year average (-13.4% per year).

Earnings vs Industry: SYDB earnings growth over the past year (61.1%) underperformed the Banks industry 61.1%.


Return on Equity

High ROE: SYDB's Return on Equity (9.3%) is considered low.


Financial Health

How is Sydbank'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: SYDB's Assets to Equity ratio (12.4x) is moderate.

Allowance for Bad Loans: SYDB has a sufficient allowance for bad loans (134%).

Low Risk Liabilities: 74% of SYDB's liabilities are made up of primarily low risk sources of funding.

Loan Level: SYDB has an appropriate level of Loans to Assets ratio (39%).

Low Risk Deposits: SYDB's Loans to Deposits ratio (57%) is appropriate.

Level of Bad Loans: SYDB has a high level of bad loans (2%).


Dividend

What is Sydbank current dividend yield, its reliability and sustainability?

1.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SYDB's dividend (1.7%) is higher than the bottom 25% of dividend payers in the Danish market (1.17%).

High Dividend: SYDB's dividend (1.7%) is low compared to the top 25% of dividend payers in the Danish market (3.24%).


Stability and Growth of Payments

Stable Dividend: SYDB's dividend payments have been volatile in the past 10 years.

Growing Dividend: SYDB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.2%), SYDB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SYDB's dividends in 3 years are forecast to be well covered by earnings (47.2% payout ratio).


Next Steps

Management

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

6.2yrs

Average management tenure


CEO

Karen Frøsig (63 yo)

12yrs

Tenure

kr.7,300,000

Compensation

Ms. Karen Frøsig serves as Chief Executive Officer at Sydbank A/S since 2010. Ms. Frøsig served as President of Sydbank A/S since June 1, 2010 until October 2019 and also served as Managing Director. She s...


CEO Compensation Analysis

Compensation vs Market: Karen's total compensation ($USD1.12M) is about average for companies of similar size in the Danish market ($USD1.39M).

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


Leadership Team

Experienced Management: SYDB's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: SYDB's board of directors are considered experienced (3.8 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

Sydbank A/S's employee growth, exchange listings and data sources


Key Information

  • Name: Sydbank A/S
  • Ticker: SYDB
  • Exchange: CPSE
  • Founded: 1970
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: kr.13.622b
  • Shares outstanding: 57.87m
  • Website: https://www.sydbank.com

Number of Employees


Location

  • Sydbank A/S
  • Peberlyk 4
  • PO Box 1038
  • Aabenraa
  • Region of Southern Denmark
  • 6200
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:02
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.