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Jyske Bank

LSE:0MGD
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0MGD
LSE
DKK23B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Jyske Bank A/S provides a range of financial solutions to personal, corporate, private banking, and institutional clients in Denmark. The last earnings update was 54 days ago. More info.


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0MGD Share Price and Events
7 Day Returns
1.2%
LSE:0MGD
1%
GB Banks
0.6%
GB Market
1 Year Returns
-26.1%
LSE:0MGD
-8.7%
GB Banks
1.1%
GB Market
0MGD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jyske Bank (0MGD) 1.2% 10.2% 11.2% -26.1% -1.7% -9.9%
GB Banks 1% 5.4% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0MGD underperformed the Banks industry which returned -8.7% over the past year.
  • 0MGD underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0MGD
Industry
5yr Volatility vs Market

0MGD Value

 Is Jyske Bank 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 Jyske Bank 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 Jyske Bank.

LSE:0MGD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= DKK469.57 * 7.2%
DKK33.76
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. DKK469.57
Discount Rate (Cost of Equity) See below 13.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0MGD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 22%) (1812.65%))
6.344
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)
= 1.23% + (2 * 5.96%)
13.15%

Discounted Cash Flow Calculation for LSE:0MGD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Jyske Bank 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.

LSE:0MGD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.2% – 13.15%) * DKK469.57)
DKK-27.98
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK-27.98 / (13.15% - 1.23%)
DKK-234.71
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK469.57 + DKK-234.71
DKK234.86
LSE:0MGD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0MGD represents 0.99874x of CPSE:JYSK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99874x
Value per Share
(Listing Adjusted, DKK)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 234.86 x 0.99874
DKK234.56
Value per share (DKK) From above. DKK234.56
Current discount Discount to share price of DKK276.95
= -1 x (DKK276.95 - DKK234.56) / DKK234.56
-18.1%

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

  • The current share price of Jyske Bank 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 Jyske Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jyske Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0MGD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in DKK DKK28.16
CPSE:JYSK Share Price ** CPSE (2019-04-17) in DKK DKK277.3
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Jyske Bank.

LSE:0MGD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:JYSK Share Price ÷ EPS (both in DKK)

= 277.3 ÷ 28.16

9.85x

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

  • Jyske Bank is good value based on earnings compared to the GB Banks industry average.
  • Jyske Bank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Jyske Bank's expected growth come at a high price?
Raw Data
LSE:0MGD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
0.5%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0MGD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.85x ÷ 0.5%

21.59x

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

  • Jyske Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jyske Bank's assets?
Raw Data
LSE:0MGD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in DKK DKK421.07
CPSE:JYSK Share Price * CPSE (2019-04-17) in DKK DKK277.3
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0MGD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:JYSK Share Price ÷ Book Value per Share (both in DKK)

= 277.3 ÷ 421.07

0.66x

* Primary Listing of Jyske Bank.

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

  • Jyske Bank is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Jyske Bank'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. Jyske Bank has a total score of 3/6, 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.

0MGD Future Performance

 How is Jyske Bank expected to perform in the next 1 to 3 years based on estimates from 5 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
0.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jyske Bank expected to grow at an attractive rate?
  • Jyske Bank's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Jyske Bank's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Jyske Bank's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0MGD Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0MGD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 0.5%
LSE:0MGD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -1.9%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0MGD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0MGD Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,389 2,392 3
2020-12-31 8,249 2,377 3
2019-12-31 8,096 2,333 3
LSE:0MGD Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2018-12-31 8,962 86 2,373
2018-09-30 9,459 -1,905 2,650
2018-06-30 9,736 -13,863 2,833
2018-03-31 9,813 9,291 2,673
2017-12-31 10,008 6,250 3,051
2017-09-30 10,559 4,263 3,487
2017-06-30 10,441 -13,763 3,477
2017-03-31 10,433 -6,708 3,666
2016-12-31 9,527 -11,864 3,093
2016-09-30 9,054 -2,859 2,748
2016-06-30 8,493 10,047 2,280
2016-03-31 8,801 -6,459 2,467

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jyske Bank's earnings are expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
  • Jyske Bank's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
LSE:0MGD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Jyske Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MGD Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 34.27 38.17 31.97 4.00
2020-12-31 31.38 34.23 29.75 5.00
2019-12-31 29.29 31.41 28.22 5.00
LSE:0MGD Past Financials Data
Date (Data in DKK Millions) EPS *
2018-12-31 28.16
2018-09-30 31.19
2018-06-30 32.88
2018-03-31 30.70
2017-12-31 34.67
2017-09-30 39.37
2017-06-30 38.67
2017-03-31 40.25
2016-12-31 33.48
2016-09-30 29.36
2016-06-30 24.17
2016-03-31 26.02

*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.
  • Jyske Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jyske Bank'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Jyske Bank has a total score of 0/6, 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.

0MGD Past Performance

  How has Jyske Bank 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 Jyske Bank'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.
  • Jyske Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Jyske Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jyske Bank's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Jyske Bank'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 Jyske Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MGD Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,962.00 2,373.00 5,394.00
2018-09-30 9,459.00 2,650.00 5,448.00
2018-06-30 9,736.00 2,833.00 5,529.00
2018-03-31 9,813.00 2,673.00 5,801.00
2017-12-31 10,008.00 3,051.00 5,923.00
2017-09-30 10,559.00 3,487.00 5,969.00
2017-06-30 10,441.00 3,477.00 5,908.00
2017-03-31 10,433.00 3,666.00 5,700.00
2016-12-31 9,527.00 3,093.00 5,559.00
2016-09-30 9,054.00 2,748.00 5,546.00
2016-06-30 8,493.00 2,280.00 5,560.00
2016-03-31 8,801.00 2,467.00 5,591.00
2015-12-31 8,869.00 2,476.00 5,635.00
2015-09-30 7,445.00 1,418.00 5,539.00
2015-06-30 7,684.00 1,716.00 5,503.00
2015-03-31 8,876.00 3,140.00 5,611.00
2014-12-31 6,276.00 3,088.00 5,455.00
2014-09-30 6,961.00 3,777.00 5,316.00
2014-06-30 6,649.00 3,613.00 5,097.00
2014-03-31 4,572.00 1,713.00 4,780.00
2013-12-31 6,995.00 1,807.00 4,781.00
2013-09-30 7,538.00 1,621.00 4,976.00
2013-06-30 7,647.00 1,705.00 4,945.00
2013-03-31 5,748.00 650.00 4,619.00
2012-12-31 6,219.00 592.00 4,648.00
2012-09-30 5,251.00 487.00 4,448.80
2012-06-30 4,599.00 100.00 4,374.80

*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.
  • Jyske Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jyske Bank used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Jyske Bank 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 Jyske Bank'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.
Jyske Bank 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.

0MGD Health

 How is Jyske Bank'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 Jyske Bank'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 Jyske Bank Company Filings, last reported 3 months ago.

LSE:0MGD Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 34,332.00 408,025.00 68,438.00
2018-09-30 34,435.00 402,309.00 77,503.00
2018-06-30 34,809.00 393,933.00 68,695.00
2018-03-31 34,023.00 395,492.00 79,605.00
2017-12-31 34,604.00 393,274.00 85,306.00
2017-09-30 34,345.00 386,145.00 83,331.00
2017-06-30 32,774.00 379,997.00 84,880.00
2017-03-31 32,884.00 373,050.00 74,412.00
2016-12-31 32,514.00 388,890.00 95,164.00
2016-09-30 31,875.00 367,946.00 77,209.00
2016-06-30 30,091.00 375,017.00 99,799.00
2016-03-31 29,680.00 374,861.00 101,978.00
2015-12-31 30,040.00 356,871.00 98,712.00
2015-09-30 29,233.00 350,216.00 86,691.00
2015-06-30 28,996.00 358,075.00 91,576.00
2015-03-31 27,970.00 381,265.00 110,988.00
2014-12-31 27,561.00 348,725.00 95,581.00
2014-09-30 27,830.00 331,171.00 82,833.00
2014-06-30 27,274.00 304,744.00 62,146.00
2014-03-31 17,825.00 91,210.00 61,162.00
2013-12-31 17,479.00 103,818.00 62,821.00
2013-09-30 17,004.00 97,966.00 55,204.00
2013-06-30 16,599.00 94,399.00 54,239.00
2013-03-31 16,086.00 111,917.00 63,198.00
2012-12-31 15,642.00 76,481.00 19,704.00
2012-09-30 15,349.00 105,155.00 54,208.00
2012-06-30 14,870.00 110,067.00 61,783.00
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.
  • Jyske Bank has an acceptable proportion of non-loan assets held.
  • Jyske Bank's liabilities are made up of primarily higher risk sources of funding.
  • Jyske Bank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Jyske Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Jyske Bank has a low allowance for bad loans.
  • Jyske Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Jyske Bank'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. Jyske Bank has a total score of 2/6, 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.

0MGD Dividends

 What is Jyske Bank'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
4.33%
Current annual income from Jyske Bank dividends. Estimated to be 3.82% next year.
If you bought DKK2,000 of Jyske Bank shares you are expected to receive DKK87 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?
  • Jyske Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Jyske Bank's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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
LSE:0MGD 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 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0MGD Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 12.63 3.00
2020-12-31 9.80 3.00
2019-12-31 9.36 3.00
LSE:0MGD Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-26 12.010 4.629
2018-02-20 5.850 1.899
2017-02-21 5.250 1.458
2016-02-23 5.250 1.756

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

  • Whilst dividend payments have been stable, Jyske Bank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Jyske Bank only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Jyske Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Jyske Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Jyske Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jyske Bank has a total score of 3/6, see the detailed checks below.


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

0MGD Management

 What is the CEO of Jyske Bank'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
Anders Dam
COMPENSATION DKK9,900,000
AGE 62
TENURE AS CEO 22.3 years
CEO Bio

Mr. Anders Christian Dam has been the Chief Executive Officer and Managing Director of Jyske Bank A/S since 1997 and since 1995 respectively. Mr. Dam also serves as Member of Executive Board at Jyske Bank A/S. He served as Managing Director of Business Supervision at Jyske Bank A/S with Finance and Risk Management, Communications and Marketing and the Legal Division as his areas of responsibility. He was General Manager of Stibo Datagrafikgruppen from 1992 to 1995. Prior to that, he was Assistant Managing Director of Jyske Bank, Development and Planning from 1990 to 1992 after having been Chief Economist from 1987 to 1990. Until then, he had been with Håndværksrådet (The Danish Federation of Small and Medium-Sized Enterprises) from 1982 to 1987; the last two years of that period he was Chief Economist. He served as Chairman of Supervisory Board of BRFkredit a/s from July 3, 2017 to July 1, 2018. He serves as Chairman of Jyske Banks Almennyttige Fond and Jyske Banks Almennyttige Fonds Holdingselskab A/S. Mr. Dam serves as Deputy Chairman and Board member of Totalkredit A/S. He serves as Deputy Chairman of Foreningen Bankdata F.m.b.a. He served as the Deputy Chairman at DLR Kredit A/S since June 2012. He served as Director of DLR Kredit A/S. He is a Member of the board of FinansDanmark (the Danish Bankers Association), FR I af 16. september 2015 A/S, DLR Kredit A/S and Jyske Banks Pensionstilskudsfond. Mr. Dam completed his Master's Degree in Economics and Management from Aarhus University in 1981.

CEO Compensation
  • Anders's compensation has been consistent with company performance over the past year.
  • Anders's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

10.9
Average Tenure
59
Average Age
  • The average tenure for the Jyske Bank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anders Dam

TITLE
MD, CEO & Member of Executive Board
COMPENSATION
DKK10M
AGE
62
TENURE
22.3 yrs

Niels Jakobsen

TITLE
MD & Member of Executive Board
COMPENSATION
DKK8M
AGE
60
TENURE
9.6 yrs

Per Skovhus

TITLE
MD & Member of Executive Board
COMPENSATION
DKK9M
AGE
59
TENURE
5.6 yrs

Peter Schleidt

TITLE
MD & Member of Executive Board
COMPENSATION
DKK8M
AGE
54

Birger Krøgh Nielsen

TITLE
Chief Financial Officer
AGE
55

Trine Lysholt Nørgaard

TITLE
Director & Head of Investor Relations

Erik Hansen

TITLE
Head of Communications and Marketing

Emil Menke

TITLE
Head of Trade Finance - Jyske Markets

Ivan Hansen

TITLE
Head of Jyske Bank Domistic

Bo Christensen

TITLE
Managing Director of Business Service
TENURE
12.3 yrs
Board of Directors Tenure

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

8.5
Average Tenure
59
Average Age
  • The tenure for the Jyske Bank board of directors is about average.
Board of Directors

Sven Buhrkall

TITLE
Supervisory Board Chairman
AGE
69
TENURE
15.1 yrs

Kurt Pedersen

TITLE
Supervisory Board Deputy Chairman
AGE
59
TENURE
4.9 yrs

Rina Asmussen

TITLE
Supervisory Board Member
AGE
59
TENURE
4.9 yrs

Jens Borup

TITLE
Supervisory Board Member
AGE
63
TENURE
14.3 yrs

Marianne Lillevang

TITLE
Employee Representative Supervisory Board Member
AGE
53
TENURE
13.1 yrs

Philip Baruch

TITLE
Supervisory Board Member
AGE
65
TENURE
13.1 yrs

Keld Norup

TITLE
Supervisory Board Member
AGE
65
TENURE
12.1 yrs

Christina Munk

TITLE
Employee Representative Supervisory Board Member
AGE
40
TENURE
2.8 yrs

Johnny Christensen

TITLE
Employee Representative Supervisory Board Member
AGE
56
TENURE
1.3 yrs

Per Schnack

TITLE
Supervisory Board Member
AGE
57
TENURE
0.1 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 (DKK) Value (DKK)
X
Management checks
We assess Jyske Bank'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. Jyske Bank 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.

0MGD News

Simply Wall St News

0MGD Company Info

Description

Jyske Bank A/S provides a range of financial solutions to personal, corporate, private banking, and institutional clients in Denmark. It offers deposit products; home loans for personal clients; mortgage solutions, including the financing of real property; car and equipment leasing and financing services; advisory services relating to traditional financial solutions targeting personal and private banking clients, as well as corporate clients; investment services, as well as trades in interest-rate products, currencies, equities, commodities, and derivatives; asset management; and trading and wealth management advisory services. It also operates in Gibraltar, Germany, and Spain. The company was founded in 1967 and is based in Silkeborg, Denmark.

Details
Name: Jyske Bank A/S
0MGD
Exchange: LSE
Founded: 1967
DKK22,509,888,506
81,175,220
Website: http://www.jyskebank.dk
Address: Jyske Bank A/S
Vestergade 8-16,
Silkeborg,
Central Denmark Region, 8600,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE JYSK Share Capital OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
DB JYS1 Share Capital Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MGD Share Capital London Stock Exchange GB DKK 02. Jan 1992
BATS-CHIXE JYSKC Share Capital BATS 'Chi-X Europe' GB DKK 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,698
Jyske Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:06
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/02/26
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.