Jyske Bank Valuation

Is 0MGD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 0MGD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0MGD (DKK513.5) is trading below our estimate of fair value (DKK1439.42)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0MGD?

Key metric: As 0MGD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0MGD. This is calculated by dividing 0MGD's market cap by their current earnings.
What is 0MGD's PE Ratio?
PE Ratio	5.7x
Earnings	DKK 5.60b
Market Cap	DKK 31.49b

0MGD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	-1.1x

Price to Earnings Ratio vs Peers

How does 0MGD's PE Ratio compare to its peers?

The above table shows the PE ratio for 0MGD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	4.8x
HSBK Halyk Bank of Kazakhstan	3.6x	n/a	US$5.6b
TBCG TBC Bank Group	4.9x	17.4%	UK£1.7b
BGEO Bank of Georgia Group	3.1x	-4.1%	UK£2.0b
STAN Standard Chartered	7.5x	5.2%	UK£23.7b
0MGD Jyske Bank	5.7x	-5.2%	DKK 31.5b

Price-To-Earnings vs Peers: 0MGD is expensive based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (4.8x).

Price to Earnings Ratio vs Industry

How does 0MGD's PE Ratio compare vs other companies in the European Banks Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0MGD is good value based on its Price-To-Earnings Ratio (5.7x) compared to the European Banks industry average (7.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0MGD'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.

0MGD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.7x
Fair PE Ratio	4.6x

Price-To-Earnings vs Fair Ratio: 0MGD is expensive based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (4.6x).

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 0MGD forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	DKK 517.50	DKK 576.33 +11.4%	6.7%	DKK 607.00	DKK 522.00	n/a	3
Dec ’25	DKK 496.80	DKK 572.33 +15.2%	7.7%	DKK 607.00	DKK 510.00	n/a	3
Nov ’25	DKK 485.00	DKK 585.00 +20.6%	9.6%	DKK 645.00	DKK 510.00	n/a	3
Oct ’25	DKK 516.50	DKK 618.75 +19.8%	4.7%	DKK 650.00	DKK 585.00	n/a	4
Sep ’25	DKK 541.50	DKK 618.75 +14.3%	4.7%	DKK 650.00	DKK 585.00	n/a	4
Aug ’25	DKK 544.11	DKK 631.25 +16.0%	4.4%	DKK 670.00	DKK 600.00	n/a	4
Jul ’25	DKK 551.56	DKK 631.25 +14.4%	4.4%	DKK 670.00	DKK 600.00	n/a	4
Jun ’25	DKK 568.72	DKK 641.67 +12.8%	3.8%	DKK 670.00	DKK 610.00	n/a	3
May ’25	DKK 574.00	DKK 652.00 +13.6%	6.3%	DKK 700.00	DKK 600.00	n/a	3
Apr ’25	DKK 582.60	DKK 617.33 +6.0%	7.8%	DKK 662.00	DKK 550.00	n/a	3
Mar ’25	DKK 559.94	DKK 620.50 +10.8%	6.8%	DKK 662.00	DKK 550.00	n/a	4
Feb ’25	DKK 528.66	DKK 613.75 +16.1%	7.0%	DKK 645.00	DKK 540.00	n/a	4
Jan ’25	DKK 482.50	DKK 593.33 +23.0%	8.7%	DKK 630.00	DKK 520.00	DKK 510.10	3
Dec ’24	DKK 474.92	DKK 595.40 +25.4%	7.5%	DKK 650.00	DKK 532.00	DKK 496.80	5
Nov ’24	DKK 482.28	DKK 599.40 +24.3%	7.1%	DKK 650.00	DKK 532.00	DKK 485.00	5
Oct ’24	DKK 517.80	DKK 608.20 +17.5%	5.0%	DKK 650.00	DKK 576.00	DKK 516.50	5
Sep ’24	DKK 490.56	DKK 614.20 +25.2%	6.2%	DKK 670.00	DKK 576.00	DKK 541.50	5
Aug ’24	DKK 513.73	DKK 611.20 +19.0%	5.9%	DKK 660.00	DKK 576.00	DKK 544.11	5
Jul ’24	DKK 519.91	DKK 580.17 +11.6%	13.2%	DKK 660.00	DKK 425.00	DKK 551.56	6
Jun ’24	DKK 481.41	DKK 581.00 +20.7%	14.5%	DKK 660.00	DKK 425.00	DKK 568.72	5
May ’24	DKK 492.63	DKK 568.75 +15.5%	16.1%	DKK 680.00	DKK 425.00	DKK 574.00	4
Apr ’24	DKK 482.41	DKK 576.25 +19.5%	17.6%	DKK 710.00	DKK 425.00	DKK 582.60	4
Mar ’24	DKK 588.12	DKK 530.50 -9.8%	20.2%	DKK 710.00	DKK 425.00	DKK 559.94	4
Feb ’24	DKK 496.33	DKK 475.50 -4.2%	6.2%	DKK 497.00	DKK 425.00	DKK 528.66	4
Jan ’24	DKK 451.25	DKK 447.50 -0.8%	6.6%	DKK 490.00	DKK 415.00	DKK 482.50	4

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

Discover undervalued companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/06 21:12
End of Day Share Price	2025/01/06 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 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

Jyske Bank A/S is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mads Thinggaard	ABG Sundal Collier
Namita Samtani	Barclays
Namita Samtani	Barclays