Danske Bank A/S

BATS-CHIXE:DANSKC Stock Report

Market Cap: DKK 170.5b

Danske Bank Valuation

Is DANSKC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DANSKC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DANSKC (DKK203.25) is trading below our estimate of fair value (DKK493.06)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DANSKC?

Key metric: As DANSKC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DANSKC. This is calculated by dividing DANSKC's market cap by their current earnings.
What is DANSKC's PE Ratio?
PE Ratio7.3x
EarningsDKK 23.40b
Market CapDKK 170.50b

Price to Earnings Ratio vs Peers

How does DANSKC's PE Ratio compare to its peers?

The above table shows the PE ratio for DANSKC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.7x
STAN Standard Chartered
7.4x5.2%UK£23.7b
NWG NatWest Group
7.2x1.1%UK£32.1b
LLOY Lloyds Banking Group
7.4x4.2%UK£32.9b
BARC Barclays
8.8x10.9%UK£37.4b
DANSKC Danske Bank
7.3x-7.2%DKK 170.5b

Price-To-Earnings vs Peers: DANSKC is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (7.9x).

Price to Earnings Ratio vs Industry

How does DANSKC's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DANSKC is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Banks industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is DANSKC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DANSKC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DANSKC's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DANSKC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 235.22
0%
14.9%DKK 298.00DKK 145.00n/a16
Dec ’25DKK 199.03
DKK 234.94
+18.0%
15.4%DKK 298.00DKK 145.00n/a16
Nov ’25DKK 208.05
DKK 233.76
+12.4%
14.9%DKK 285.00DKK 145.00n/a16
Oct ’25DKK 196.10
DKK 232.82
+18.7%
14.5%DKK 274.00DKK 145.00n/a17
Sep ’25DKK 209.95
DKK 231.66
+10.3%
15.4%DKK 274.00DKK 145.00n/a15
Aug ’25DKK 209.90
DKK 228.42
+8.8%
15.2%DKK 272.00DKK 145.00n/a14
Jul ’25DKK 206.20
DKK 221.00
+7.2%
15.1%DKK 260.00DKK 145.00n/a13
Jun ’25DKK 209.85
DKK 219.23
+4.5%
15.2%DKK 260.00DKK 145.00n/a13
May ’25DKK 203.20
DKK 219.77
+8.2%
15.8%DKK 262.00DKK 145.00n/a13
Apr ’25DKK 207.25
DKK 218.62
+5.5%
16.6%DKK 272.00DKK 145.00n/a13
Mar ’25DKK 194.30
DKK 217.06
+11.7%
14.7%DKK 260.00DKK 145.00n/a16
Feb ’25DKK 185.20
DKK 208.07
+12.3%
15.7%DKK 256.00DKK 145.00n/a15
Jan ’25DKK 179.70
DKK 207.93
+15.7%
15.6%DKK 256.00DKK 145.00n/a15
Dec ’24DKK 177.40
DKK 202.00
+13.9%
14.6%DKK 240.00DKK 145.00DKK 199.0316
Nov ’24DKK 166.88
DKK 201.69
+20.9%
14.5%DKK 240.00DKK 145.00DKK 208.0516
Oct ’24n/a
DKK 194.31
0%
15.8%DKK 240.00DKK 140.00DKK 196.1016
Sep ’24n/a
DKK 191.71
0%
16.3%DKK 240.00DKK 140.00DKK 209.9517
Aug ’24DKK 160.48
DKK 190.65
+18.8%
16.3%DKK 240.00DKK 140.00DKK 209.9017
Jul ’24DKK 164.60
DKK 181.94
+10.5%
15.7%DKK 230.00DKK 130.00DKK 206.2017
Jun ’24DKK 143.45
DKK 175.41
+22.3%
13.3%DKK 205.00DKK 130.00DKK 209.8517
May ’24DKK 142.60
DKK 172.63
+21.1%
12.7%DKK 205.00DKK 130.00DKK 203.2016
Apr ’24DKK 135.70
DKK 169.38
+24.8%
12.0%DKK 205.00DKK 130.00DKK 207.2516
Mar ’24DKK 162.45
DKK 165.71
+2.0%
13.3%DKK 205.00DKK 125.00DKK 194.3017
Feb ’24DKK 142.50
DKK 159.35
+11.8%
12.6%DKK 182.00DKK 121.00DKK 185.2017
Jan ’24DKK 136.85
DKK 147.06
+7.5%
13.4%DKK 180.00DKK 113.00DKK 179.7018
Dec ’23DKK 128.60
DKK 146.61
+14.0%
14.0%DKK 180.00DKK 107.00DKK 177.4018

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 06:19
End of Day Share Price 2024/12/11 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Danske Bank A/S is covered by 45 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mads ThinggaardABG Sundal Collier
Pierre-Yves GauthierAlphaValue
Fridtjof BerentsArctic Securities ASA