GRLAC Stock Overview

Provides various financial services to private and business customers, and public institutions in Greenland. More details

GRLAC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (11.4x) is below the UK market (14.6x)

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Community vs My Fair Value

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GrønlandsBANKEN A/S Competitors

Secure Trust Bank

LSE:STB

UK£89.6m

Arbuthnot Banking Group

AIM:ARBB

UK£151.5m

Close Brothers Group

LSE:CBG

UK£518.5m

Chain Bridge Bancorp

NYSE:CBNA

US$161.9m

Price History & Performance

Summary of share price highs, lows and changes for GrønlandsBANKEN
Historical stock prices
Current Share Price	DKK 590.00
52 Week High	DKK 590.00
52 Week Low	DKK 590.00
Beta	0.31
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-10.33%
Change since IPO	-7.74%

Recent updates

Shareholder Returns

	GRLAC	GB Banks	GB Market
7D	0%	0.6%	0.3%
1Y	n/a	52.8%	10.4%

Return vs Industry: Insufficient data to determine how GRLAC performed against the UK Banks industry.

Return vs Market: Insufficient data to determine how GRLAC performed against the UK Market.

Price Volatility

Is GRLAC's price volatile compared to industry and market?
GRLAC volatility
GRLAC Average Weekly Movement	n/a
Banks Industry Average Movement	3.9%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: GRLAC has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine GRLAC's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1967	140	Martin Kviesgaard	www.banken.gl

GrønlandsBANKEN A/S provides financial services to private customers, business customers, and public institutions in Greenland. It offers deposits, loans, and guarantees; online and mobile banking; and professional advisory services. The company was founded in 1967 and is headquartered in Nuuk, Greenland.

GrønlandsBANKEN A/S Fundamentals Summary

How do GrønlandsBANKEN's earnings and revenue compare to its market cap?
GRLAC fundamental statistics
Market cap	DKK 1.13b
Earnings (TTM)	DKK 98.75m
Revenue (TTM)	DKK 314.19m

11.4x

P/E Ratio

0.9x

P/B Ratio

Is GRLAC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRLAC income statement (TTM)
Revenue	DKK 314.19m
Cost of Revenue	DKK 0
Gross Profit	DKK 314.19m
Other Expenses	DKK 215.44m
Earnings	DKK 98.75m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

May 09, 2023

Earnings per share (EPS)	54.86
Gross Margin	100.00%
Net Profit Margin	31.43%
Debt/Equity Ratio	9.2%

How did GRLAC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

36%

Payout Ratio

Does GRLAC pay a reliable dividends?

See GRLAC dividend history and benchmarks

When do you need to buy GRLAC by to receive an upcoming dividend?
GrønlandsBANKEN dividend dates
Ex Dividend Date	Mar 29 2023
Dividend Pay Date	Mar 31 2023
Days until Ex dividend	689 days
Days until Dividend pay date	687 days

Does GRLAC pay a reliable dividends?

See GRLAC dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/03/11 08:39
End of Day Share Price	2022/12/12 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

GrønlandsBANKEN A/S is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.