Loading...

Nordea Bank Abp

HLSE:NDA FI
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NDA FI
HLSE
SEK338B
Market Cap
  1. Home
  2. FI
  3. Banks
Company description

Nordea Bank Abp provides various banking products and services for personal customers, small and medium businesses, and corporates and financial institutions in Europe. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
NDA FI Share Price and Events
7 Day Returns
2.5%
HLSE:NDA FI
3.2%
Europe Banks
3.6%
FI Market
1 Year Returns
-
HLSE:NDA FI
-16.2%
Europe Banks
4.9%
FI Market
NDA FI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nordea Bank Abp (NDA FI) 2.5% -2.1% 8.5% - - -
Europe Banks 3.2% 2.8% 7% -16.2% -5.5% -21.2%
FI Market 3.6% 4% 12.5% 4.9% 26.2% 43.7%
1 Year Return vs Industry and Market
  • No trading data on NDA FI.
  • No trading data on NDA FI.
Price Volatility
NDA FI
Industry
5yr Volatility vs Market

Value

 Is Nordea Bank Abp undervalued based on future cash flows and its price relative to the stock market?

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 Nordea Bank Abp 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nordea Bank Abp.

HLSE:NDA FI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 18 analysts.
= Stable Book Value * Return on Equity
= €8.13 * 9.7%
€0.79
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. €8.13
Discount Rate (Cost of Equity) See below 13.6%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:NDA FI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.598 (1 + (1- 20%) (755.08%))
3.149
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (2 * 6.51%)
13.56%

Discounted Cash Flow Calculation for HLSE:NDA FI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Nordea Bank Abp 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.

HLSE:NDA FI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.7% – 13.56%) * €8.13)
€-0.32
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.32 / (13.56% - 0.54%)
€-2.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €8.13 + €-2.42
€5.7
HLSE:NDA FI Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:NDA SE)
10.424
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €5.7 x 10.424
SEK59.47
Non-primary Listing Adjustment Factor 1 share in HLSE:NDA FI represents 0.09593x of OM:NDA SE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09593x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 59.47 x 0.09593
€5.70
Value per share (EUR) From above. €5.70
Current discount Discount to share price of €8.05
= -1 x (€8.05 - €5.70) / €5.70
-41%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nordea Bank Abp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Nordea Bank Abp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nordea Bank Abp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:NDA FI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.76
OM:NDA SE Share Price ** OM (2019-03-20) in SEK SEK83.86
OM:NDA SE Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.096 €8.05
Europe Banks Industry PE Ratio Median Figure of 161 Publicly-Listed Banks Companies 9.88x
Finland Market PE Ratio Median Figure of 108 Publicly-Listed Companies 19.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nordea Bank Abp.

HLSE:NDA FI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:NDA SE Share Price ÷ EPS (both in EUR)

= 8.05 ÷ 0.76

10.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nordea Bank Abp is overvalued based on earnings compared to the Europe Banks industry average.
  • Nordea Bank Abp is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Nordea Bank Abp's expected growth come at a high price?
Raw Data
HLSE:NDA FI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
3.6%per year
Europe Banks Industry PEG Ratio Median Figure of 108 Publicly-Listed Banks Companies 0.74x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

HLSE:NDA FI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.55x ÷ 3.6%

2.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nordea Bank Abp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nordea Bank Abp's assets?
Raw Data
HLSE:NDA FI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €8.15
OM:NDA SE Share Price * OM (2019-03-20) in SEK SEK83.86
OM:NDA SE Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.096 €8.05
Europe Banks Industry PB Ratio Median Figure of 172 Publicly-Listed Banks Companies 0.71x
Finland Market PB Ratio Median Figure of 141 Publicly-Listed Companies 2.05x
HLSE:NDA FI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:NDA SE Share Price ÷ Book Value per Share (both in EUR)

= 8.05 ÷ 8.15

0.99x

* Primary Listing of Nordea Bank Abp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nordea Bank Abp is overvalued based on assets compared to the Europe Banks industry average.
X
Value checks
We assess Nordea Bank Abp's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Nordea Bank Abp has a total score of 1/6, 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

 How is Nordea Bank Abp expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

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!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nordea Bank Abp expected to grow at an attractive rate?
  • Nordea Bank Abp's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Nordea Bank Abp's earnings growth is positive but not above the Finland market average.
  • Nordea Bank Abp's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:NDA FI Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:NDA FI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 3.6%
HLSE:NDA FI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 2.3%
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Finland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
Finland Market Revenue Growth Rate Market Cap Weighted Average 0.9%

*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
Raw Data
HLSE:NDA FI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:NDA FI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 9,270 3,380 1
2021-12-31 9,413 3,417 15
2020-12-31 9,116 3,199 18
2019-12-31 8,808 2,965 19
HLSE:NDA FI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 8,770 8,714 3,077
2018-09-30 8,709 -9,634 3,209
2018-06-30 9,001 -31,645 3,353
2018-03-31 8,959 -27,737 3,008
2017-12-31 9,028 4,532 3,031
2017-09-30 9,261 16,901 3,507
2017-06-30 9,298 32,912 3,567
2017-03-31 9,439 31,665 3,823
2016-12-31 9,262 19,448 3,766
2016-09-30 9,301 28,391 3,514
2016-06-30 9,111 24,001 3,406
2016-03-31 9,069 25,755 3,362

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nordea Bank Abp's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Nordea Bank Abp's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:NDA FI 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 21 Analyst Estimates (S&P Global) See Below

All data from Nordea Bank Abp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:NDA FI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.84 0.84 0.84 1.00
2021-12-31 0.84 0.96 0.72 10.00
2020-12-31 0.79 0.88 0.68 13.00
2019-12-31 0.74 0.84 0.65 13.00
HLSE:NDA FI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.76
2018-09-30 0.79
2018-06-30 0.83
2018-03-31 0.74
2017-12-31 0.75
2017-09-30 0.87
2017-06-30 0.88
2017-03-31 0.95
2016-12-31 0.93
2016-09-30 0.87
2016-06-30 0.84
2016-03-31 0.83

*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.
  • Nordea Bank Abp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nordea Bank Abp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nordea Bank Abp 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 Nordea Bank Abp 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
Below we compare Nordea Bank Abp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nordea Bank Abp's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Nordea Bank Abp's 1-year earnings growth exceeds its 5-year average (1.5% vs -0.3%)
  • Nordea Bank Abp's earnings growth has not exceeded the Europe Banks industry average in the past year (1.5% vs 9.7%).
Earnings and Revenue History
Nordea Bank Abp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nordea Bank Abp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:NDA FI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,770.00 3,077.00 4,563.00
2018-09-30 8,709.00 3,209.00 4,851.00
2018-06-30 9,001.00 3,353.00 4,919.00
2018-03-31 8,959.00 3,008.00 5,056.00
2017-12-31 9,028.00 3,031.00 5,097.00
2017-09-30 9,261.00 3,507.00 4,967.00
2017-06-30 9,298.00 3,567.00 4,946.00
2017-03-31 9,439.00 3,823.00 4,861.00
2016-12-31 9,262.00 3,766.00 4,793.00
2016-09-30 9,301.00 3,514.00 5,023.00
2016-06-30 9,111.00 3,406.00 4,948.00
2016-03-31 9,069.00 3,362.00 4,927.00
2015-12-31 9,515.00 3,662.00 4,937.00
2015-09-30 9,302.00 3,691.00 4,707.00
2015-06-30 9,808.00 3,849.00 4,776.00
2015-03-31 9,852.00 3,603.00 4,994.00
2014-12-31 9,462.00 3,357.00 5,050.00
2014-09-30 9,712.00 3,240.00 5,107.00
2014-06-30 9,277.00 3,067.00 5,164.00
2014-03-31 9,056.00 3,162.00 5,017.00
2013-12-31 9,156.00 3,107.00 5,040.00
2013-09-30 9,070.00 3,164.00 5,052.00
2013-06-30 8,991.00 3,081.00 5,084.00
2013-03-31 9,028.00 3,087.00 5,087.00
2012-12-31 9,103.00 3,062.00 5,064.00
2012-09-30 9,095.00 3,030.00 5,206.00
2012-06-30 8,903.00 2,752.00 5,182.00
2012-03-31 8,768.00 2,643.00 5,198.00

*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.
  • Nordea Bank Abp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nordea Bank Abp used its assets less efficiently than the Europe Banks industry average last year based on Return on Assets.
  • Unable to establish if Nordea Bank Abp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Nordea Bank Abp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nordea Bank Abp 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

 How is Nordea Bank Abp's financial position? (This company is analysed differently as a bank or financial institution)

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.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Nordea Bank Abp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
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.
Raw Data

All data from Nordea Bank Abp Company Filings, last reported 2 months ago.

HLSE:NDA FI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32,901.00 245,127.00 99,914.00
2018-09-30 32,628.00 236,189.00 86,015.00
2018-06-30 31,945.00 242,429.00 82,535.00
2018-03-31 31,056.00 255,957.00 80,812.00
2017-12-31 33,316.00 239,280.00 108,430.00
2017-09-30 32,298.00 254,745.00 120,534.00
2017-06-30 31,395.00 269,175.00 136,935.00
2017-03-31 31,077.00 279,648.00 144,488.00
2016-12-31 32,410.00 277,309.00 131,043.00
2016-09-30 31,070.00 282,554.00 139,880.00
2016-06-30 30,143.00 325,600.00 177,977.00
2016-03-31 29,128.00 340,408.00 174,907.00
2015-12-31 31,032.00 302,655.00 153,366.00
2015-09-30 29,984.00 346,770.00 140,177.00
2015-06-30 29,809.00 351,185.00 136,942.00
2015-03-31 28,472.00 331,048.00 174,555.00
2014-12-31 29,837.00 327,259.00 189,566.00
2014-09-30 29,786.00 286,910.00 128,090.00
2014-06-30 28,846.00 265,364.00 115,579.00
2014-03-31 28,237.00 259,092.00 112,034.00
2013-12-31 29,209.00 259,805.00 104,724.00
2013-09-30 28,632.00 260,643.00 110,413.00
2013-06-30 27,871.00 255,348.00 117,179.00
2013-03-31 27,415.00 289,682.00 139,339.00
2012-12-31 28,005.00 307,848.00 154,138.00
2012-09-30 27,520.00 345,531.00 194,595.00
2012-06-30 26,774.00 351,022.00 187,318.00
2012-03-31 25,964.00 341,608.00 186,066.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Nordea Bank Abp has an acceptable proportion of non-loan assets held.
  • Nordea Bank Abp's liabilities are made up of primarily higher risk sources of funding.
  • Nordea Bank Abp has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Nordea Bank Abp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Nordea Bank Abp has a low allowance for bad loans.
  • Nordea Bank Abp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Nordea Bank Abp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nordea Bank Abp has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Nordea Bank Abp'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
Dividend payments
8.58%
Current annual income from Nordea Bank Abp dividends. Estimated to be 8.59% next year.
If you bought €2,000 of Nordea Bank Abp shares you are expected to receive €172 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nordea Bank Abp's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.29%).
  • Nordea Bank Abp's dividend is above the markets top 25% of dividend payers in Finland (4.89%).
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.
Raw Data
HLSE:NDA FI Annualized Past and Future Dividends
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 21 Analyst Estimates (S&P Global) See Below
Europe Banks Industry Average Dividend Yield Market Cap Weighted Average of 134 Stocks 5.2%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.1%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:NDA FI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.75 1.00
2021-12-31 0.71 12.00
2020-12-31 0.69 17.00
2019-12-31 0.66 14.00
HLSE:NDA FI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.690 8.751
2019-02-06 0.690 8.681
2018-03-15 0.680 8.130
2017-03-16 0.650 6.124
2016-02-10 0.640 7.010
2015-02-11 0.620 5.762
2015-01-28 0.620 5.447
2014-03-20 0.430 4.278
2013-02-01 0.340 3.666
2012-03-22 0.260 3.711
2011-02-15 0.290 4.276
2011-02-02 0.290 3.427
2010-03-25 0.250 3.325
2009-03-23 0.200 3.153

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Nordea Bank Abp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Nordea Bank Abp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nordea Bank Abp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nordea Bank Abp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nordea Bank Abp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Casper von Koskull
COMPENSATION €2,431,912
AGE 58
TENURE AS CEO 3.3 years
CEO Bio

Mr. Casper von Koskull has been the Group Chief Executive Officer of Nordea Bank Abp since November 1, 2015 and has been its President since November 5, 2015. Mr. von Koskull has been a Member of Group Executive Management at Nordea Bank Abp since 2010. Mr. von Koskull served as Vice Chairman at Nordea Bank Finland Plc since August 13, 2012 until January 26, 2016. He served as Head of Wholesale Banking at Nordea Pankki Suomi Oyj. He served as the Head of Wholesale Banking of Nordea Bank AB from 2010 to 2015 and served as its Executive Vice President. He served as Vice President Nordic Coverage Citicorp Investment Bank, Ltd, since 1987 until 1990. He served as Head of Corporate Merchant Banking & Capital Markets at Nordea Bank AB since December 2010 and also served as its Head of Markets Investment Banking. He served as Head of Derivatives Marketing and Structuring for German Corporate Clients, Citibank, Frankfurt since 1992 until 1994. He has responsibility for Corporate Merchant Banking and Capital Markets. He served as Head of Corporate Merchant Banking & Capital Markets of Nordea Nordea Pankki Suomi Oyj. For the last 12 years, he has been with Goldman Sachs, most recently as Managing Director and Partner of Goldman Sachs International and head of the Nordic Investment Banking since 1998 until 2010. He was Vice President Leverage Finance, Citibank, New York since 1990 until 1992. He has been a Director of Nordea Pankki Suomi Oyj since September 1, 2010. He served as a Director of Nordea Bank Finland Plc. since September 1, 2010 until January 26, 2016. He served as Managing Director of Nordic Investment Banking, UBS London since 1994 until 1998. Mr. Von Koskull served as a Director of ISS A/S (aka ISS World Services A/S) from December 2009 to August 25, 2010 and ISS Holding A/S from December 12, 2009 to August 25, 2010. He served as a Director of ISS Equity A/S until August 25, 2010. He was Account Manager of Citibank, Helsinki since 1984 until 1987.

CEO Compensation
  • Casper's compensation has been consistent with company performance over the past year.
  • Casper's remuneration is about average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Nordea Bank Abp management team in years:

2.1
Average Tenure
53
Average Age
  • The tenure for the Nordea Bank Abp management team is about average.
Management Team

Casper von Koskull

TITLE
President & Group CEO
COMPENSATION
€2M
AGE
58
TENURE
3.3 yrs

Torsten Jørgensen

TITLE
Head of Group Corporate Centre
COMPENSATION
€2M
AGE
53
TENURE
3.3 yrs

Chris Rees

TITLE
Group CFO
AGE
46
TENURE
1 yrs

Paul Bari

TITLE
Group CIO and Head of Group Technology
TENURE
2.1 yrs

Rodney Alfvén

TITLE
Head of Investor Relations
TENURE
9.3 yrs

Matthew Elderfield

TITLE
Chief Risk Officer and Head of Group Risk & Compliance
AGE
52

Jussi Koskinen

TITLE
Chief Legal Officer
TENURE
0.5 yrs

Sara Helweg-Larsen

TITLE
Head of Group Communications
TENURE
1.8 yrs

Karen Tobiasen

TITLE
Chief People Officer & Head of Group Human Resources
AGE
53

Jouko Helomaa

TITLE
Principal
Board of Directors Tenure

Average tenure and age of the Nordea Bank Abp board of directors in years:

4
Average Tenure
55.5
Average Age
  • The tenure for the Nordea Bank Abp board of directors is about average.
Board of Directors

Björn Wahlroos

TITLE
Chairman of the Board
COMPENSATION
€320K
AGE
66
TENURE
8 yrs

Lars Nordström

TITLE
Vice Chairman of the Board
COMPENSATION
€180K
AGE
75
TENURE
2 yrs

Sarah Russell

TITLE
Director
COMPENSATION
€140K
AGE
56
TENURE
9 yrs

Robin Lawther

TITLE
Director
COMPENSATION
€128K
AGE
57
TENURE
5 yrs

Birger Steen

TITLE
Director
COMPENSATION
€140K
AGE
52
TENURE
4 yrs

Nigel Hinshelwood

TITLE
Director
COMPENSATION
€121K
AGE
52
TENURE
1 yrs

Torbjörn Magnusson

TITLE
Director
COMPENSATION
€92K
AGE
55
TENURE
1 yrs

Hans Krogh Riise

TITLE
Employee Representative Director
AGE
57
TENURE
6.2 yrs

Silvija Seres

TITLE
Director
COMPENSATION
€121K
AGE
48
TENURE
4 yrs

Gerhard Olsson

TITLE
Employee Representative Director
AGE
40
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Nordea Bank Abp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nordea Bank Abp 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

Company Info

Description

Nordea Bank Abp provides various banking products and services for personal customers, small and medium businesses, and corporates and financial institutions in Europe. It operates through Personal Banking, Commercial & Business Banking, Wholesale Banking, and Wealth Management segments. It offers personal banking products comprising corporate and household deposits; and household mortgage and consumer loans, as well as loans to corporates. The company also provides business banking services; transaction banking services consisting of cards, trade finance, cash management, and mobile- and ecommerce; and investment credits, working capital, and consumer credits. In addition, it offers a range of financing, cash management and payment services, investment banking, capital markets products, and securities services; manages customers’ assets and provides financial advice to high net worth individuals and institutional investors; and provides a range of pension, endowment, and risk products. Further, the company offers trade finance services; and online and mobile banking services. It operates approximately 450 branches. The company was founded in 1820 and is headquartered in Helsinki, Finland.

Details
Name: Nordea Bank Abp
NDA FI
Exchange: HLSE
Founded: 1820
SEK32,463,656,994
4,034,751,919
Website: http://www.nordea.com
Address: Nordea Bank Abp
Satamaradankatu 5,
Nordea,
Helsinki,
Uusimaa, 00020,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NDA SE New Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 15. Dec 1997
OTCPK NBNK.F New Ordinary Shares Pink Sheets LLC US USD 15. Dec 1997
BST 04Q New Ordinary Shares Boerse-Stuttgart DE EUR 15. Dec 1997
LSE 0N4T New Ordinary Shares London Stock Exchange GB SEK 15. Dec 1997
SWX NDB New Ordinary Shares SIX Swiss Exchange CH CHF 15. Dec 1997
CPSE NDA DK New Ordinary Shares OMX Nordic Exchange Copenhagen DK DKK 15. Dec 1997
HLSE NDA FI New Ordinary Shares OMX Nordic Exchange Helsinki FI EUR 15. Dec 1997
BATS-CHIXE NDAC New Ordinary Shares BATS 'Chi-X Europe' GB EUR 15. Dec 1997
OTCPK NRDB.Y SPONSORED ADS Pink Sheets LLC US USD 22. Oct 2008
Number of employees
Current staff
Staff numbers
29,745
Nordea Bank Abp employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 22:39
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
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.