LSE:0MGD

Stock Analysis Report

Executive Summary

Jyske Bank A/S provides a range of financial solutions to personal, corporate, private banking, and institutional clients in Denmark, Gibraltar, and Germany.


Snowflake Analysis

Good value with questionable track record.


Similar Companies

Share Price & News

How has Jyske Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0MGD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.9%

0MGD

-1.4%

GB Banks

6.2%

GB Market


1 Year Return

-35.2%

0MGD

-33.5%

GB Banks

-22.7%

GB Market

Return vs Industry: 0MGD underperformed the UK Banks industry which returned -33.5% over the past year.

Return vs Market: 0MGD underperformed the UK Market which returned -22.7% over the past year.


Shareholder returns

0MGDIndustryMarket
7 Day-0.9%-1.4%6.2%
30 Day-28.5%-22.0%-17.8%
90 Day-30.6%-34.6%-27.7%
1 Year-35.2%-35.2%-28.8%-33.5%-18.6%-22.7%
3 Year-50.5%-52.8%-32.0%-41.3%-13.4%-24.6%
5 Year-38.7%-43.4%-29.7%-43.8%1.3%-22.0%

Price Volatility Vs. Market

How volatile is Jyske Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

22.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0MGD (DKK166.48) is trading below our estimate of fair value (DKK214.97)

Significantly Below Fair Value: 0MGD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0MGD is poor value based on its PE Ratio (5.7x) compared to the Banks industry average (4.6x).

PE vs Market: 0MGD is good value based on its PE Ratio (5.7x) compared to the UK market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: 0MGD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 0MGD is good value based on its PB Ratio (0.3x) compared to the GB Banks industry average (0.5x).


Next Steps

Future Growth

How is Jyske Bank forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0MGD's earnings are forecast to decline over the next 3 years (-2.3% per year).

Earnings vs Market: 0MGD's earnings are forecast to decline over the next 3 years (-2.3% per year).

High Growth Earnings: 0MGD's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 0MGD's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: 0MGD's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0MGD's Return on Equity is forecast to be low in 3 years time (5.3%).


Next Steps

Past Performance

How has Jyske Bank performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0MGD has high quality earnings.

Growing Profit Margin: 0MGD's current net profit margins (26.6%) are higher than last year (26.5%).


Past Earnings Growth Analysis

Earnings Trend: 0MGD's earnings have declined by -1.7% per year over the past 5 years.

Accelerating Growth: 0MGD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0MGD had negative earnings growth (-3.8%) over the past year, making it difficult to compare to the Banks industry average (29.6%).


Return on Equity

High ROE: 0MGD's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Jyske Bank'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

Inventory Level: 0MGD has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0MGD's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: 0MGD's level of assets compared to its equity is moderate.

Allowance for Bad Loans: 0MGD has a low allowance for bad loans.

Low Risk Liabilities: 0MGD's liabilities are made up of primarily higher risk sources of funding.

Loan Level: 0MGD has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0MGD has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: 0MGD has a high level of bad loans (2.27%)


Next Steps

Dividend

What is Jyske Bank's current dividend yield, its reliability and sustainability?

1.46%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0MGD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0MGD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0MGD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0MGD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 0MGD is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0MGD's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

11.8yrs

Average management tenure


CEO

Anders Dam (63yo)

23.17s

Tenure

ø10,000,000

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD1.48M) is about average for companies of similar size in the UK market ($USD1.93M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anders Dam
MD, CEO & Member of Executive Board23.17yrsø10.00mno data
Kurt Pedersen
Deputy Chairman of Supervisory Board & MD5.83yrsno data0.0016% DKK191.2k
Niels Jakobsen
MD & Member of Executive Board10.5yrsø7.90mno data
Per Skovhus
MD & Member of Executive Board6.5yrsø8.50mno data
Peter Schleidt
MD & Member of Executive Boardno dataø8.70mno data
Birger Krøgh Nielsen
Chief Financial Officerno datano datano data
Erik Hansen
Head of Communications and Marketingno datano datano data
Emil Menke
Head of Trade Finance - Jyske Marketsno datano datano data
Ivan Hansen
Head of Jyske Bank Domisticno datano datano data
Bo Christensen
Managing Director of Business Service13.17yrsno datano data

11.8yrs

Average Tenure

60yo

Average Age

Experienced Management: 0MGD's management team is seasoned and experienced (11.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kurt Pedersen
Deputy Chairman of Supervisory Board & MD5.83yrsno data0.0016% DKK191.2k
Sven Buhrkall
Supervisory Board Chairman16yrsno data0.0035% DKK427.2k
Jens Borup
Supervisory Board Member15.17yrsno data0.0054% DKK658.4k
Marianne Lillevang
Employee Representative Supervisory Board Member14yrsno data0.0036% DKK433.3k
Philip Baruch
Supervisory Board Member14yrsno data0.0040% DKK479.2k
Keld Norup
Supervisory Board Member13yrsno data0.0015% DKK182.7k
Johnny Christensen
Employee Representative Supervisory Board Member2yrsno data0.00045% DKK54.5k
Rina Asmussen
Independent Supervisory Board Member5.83yrsno data0.0024% DKK284.4k
Christina Munk
Employee Representative Supervisory Board Member3.67yrsno data0.00038% DKK46.0k
Per Schnack
Independent Supervisory Board Member1yrno data0.0031% DKK376.4k

9.4yrs

Average Tenure

60yo

Average Age

Experienced Board: 0MGD's board of directors are considered experienced (9.4 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

Jyske Bank A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jyske Bank A/S
  • Ticker: 0MGD
  • Exchange: LSE
  • Founded: 1967
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ø12.102b
  • Shares outstanding: 73.01m
  • Website: https://www.jyskebank.dk

Number of Employees


Location

  • Jyske Bank A/S
  • Vestergade 8-16
  • Silkeborg
  • Central Denmark Region
  • 8600
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JYSKCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
JYS1DB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992
0MGDLSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992
JYSK.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDJan 1992
JYSKCBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKJan 1992
JYSK.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDDec 2008

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 22:05
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.