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Sydbank

LSE:0MGE
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0MGE
LSE
DKK9B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Sydbank A/S, together with its subsidiaries, provides various banking products and services to corporate and retail customers in Denmark and internationally. The last earnings update was 51 days ago. More info.


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0MGE Share Price and Events
7 Day Returns
1.1%
LSE:0MGE
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
-38.2%
LSE:0MGE
-7.8%
GB Banks
2.5%
GB Market
0MGE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sydbank (0MGE) 1.1% -4% -7.7% -38.2% -19.5% 7.3%
GB Banks 2.3% 3.6% 4.4% -7.8% 16.1% -12.3%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • 0MGE underperformed the Banks industry which returned -7.8% over the past year.
  • 0MGE underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0MGE
Industry
5yr Volatility vs Market

0MGE Value

 Is Sydbank 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 Sydbank 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 Sydbank.

LSE:0MGE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= DKK196.17 * 12%
DKK23.49
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. DKK196.17
Discount Rate (Cost of Equity) See below 9%
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:0MGE
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%) (185.64%))
1.302
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.302 * 5.96%)
8.99%

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

The calculations below outline how an intrinsic value for Sydbank 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:0MGE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12% – 8.99%) * DKK196.17)
DKK5.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK5.86 / (8.99% - 1.23%)
DKK75.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK196.17 + DKK75.50
DKK271.67
LSE:0MGE Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK271.67
Current discount Discount to share price of DKK146.20
= -1 x (DKK146.20 - DKK271.67) / DKK271.67
46.2%

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

Current Discount
Amount off the current price Sydbank is available for.
Intrinsic value
46%
Share price is DKK146.2 vs Future cash flow value of DKK271.67
Current Discount Checks
For Sydbank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sydbank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sydbank's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sydbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sydbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0MGE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in DKK DKK17.84
CPSE:SYDB Share Price ** CPSE (2019-04-17) in DKK DKK146.2
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 796 Publicly-Listed Companies 16.29x

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

** Primary Listing of Sydbank.

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

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

= 146.2 ÷ 17.84

8.2x

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

  • Sydbank is good value based on earnings compared to the GB Banks industry average.
  • Sydbank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sydbank's expected growth come at a high price?
Raw Data
LSE:0MGE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-10%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 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.2x ÷ -10%

-0.82x

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

  • Sydbank earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sydbank's assets?
Raw Data
LSE:0MGE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in DKK DKK191.48
CPSE:SYDB Share Price * CPSE (2019-04-17) in DKK DKK146.2
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 1,365 Publicly-Listed Companies 1.51x
LSE:0MGE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 146.2 ÷ 191.48

0.76x

* Primary Listing of Sydbank.

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

  • Sydbank is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Sydbank'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. Sydbank has a total score of 5/6, 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.

0MGE Future Performance

 How is Sydbank expected to perform in the next 1 to 3 years based on estimates from 3 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
-10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sydbank expected to grow at an attractive rate?
  • Sydbank's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Sydbank's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Sydbank'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:0MGE Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0MGE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -10%
LSE:0MGE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.9%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
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:0MGE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0MGE Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,063 855 3
2020-12-31 4,002 864 3
2019-12-31 3,989 910 3
LSE:0MGE Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2018-12-31 4,193 -2,400 1,156
2018-09-30 4,343 3,813 1,277
2018-06-30 4,446 -1,010 1,380
2018-03-31 4,594 -1,496 1,515
2017-12-31 4,647 1,675 1,531
2017-09-30 4,768 4,123 1,648
2017-06-30 4,749 10,827 1,645
2017-03-31 4,716 3,791 1,636
2016-12-31 4,488 3,091 1,472
2016-09-30 4,334 -9,554 1,344
2016-06-30 4,253 -15,004 1,261
2016-03-31 4,108 -5,665 1,127

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sydbank's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sydbank'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:0MGE 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 3 Analyst Estimates (S&P Global) See Below

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

LSE:0MGE Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 15.92 18.83 14.20 4.00
2020-12-31 15.31 17.07 14.10 4.00
2019-12-31 15.34 15.79 14.99 4.00
LSE:0MGE Past Financials Data
Date (Data in DKK Millions) EPS *
2018-12-31 17.84
2018-09-30 19.31
2018-06-30 20.58
2018-03-31 22.38
2017-12-31 22.39
2017-09-30 23.89
2017-06-30 23.68
2017-03-31 23.39
2016-12-31 20.91
2016-09-30 18.97
2016-06-30 17.66
2016-03-31 15.66

*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.
  • Sydbank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sydbank'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.
Sydbank 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.

0MGE Past Performance

  How has Sydbank 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 Sydbank'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.
  • Sydbank has delivered over 20% year on year earnings growth in the past 5 years.
  • Sydbank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sydbank's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Sydbank'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 Sydbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MGE 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 4,193.00 1,156.00 2,546.00
2018-09-30 4,343.00 1,277.00 2,492.00
2018-06-30 4,446.00 1,380.00 2,482.00
2018-03-31 4,594.00 1,515.00 2,457.00
2017-12-31 4,647.00 1,531.00 2,440.00
2017-09-30 4,768.00 1,648.00 2,449.00
2017-06-30 4,749.00 1,645.00 2,424.00
2017-03-31 4,716.00 1,636.00 2,424.00
2016-12-31 4,488.00 1,472.00 2,407.00
2016-09-30 4,334.00 1,344.00 2,409.00
2016-06-30 4,253.00 1,261.00 2,413.00
2016-03-31 4,108.00 1,127.00 2,403.00
2015-12-31 4,151.00 1,148.00 2,391.00
2015-09-30 4,032.00 1,056.00 2,417.00
2015-06-30 4,063.00 1,068.00 2,420.00
2015-03-31 4,069.00 1,070.00 2,420.00
2014-12-31 4,027.00 1,052.00 2,450.00
2014-09-30 3,351.00 546.00 2,379.00
2014-06-30 3,009.00 317.00 2,360.00
2014-03-31 2,990.00 336.00 2,329.00
2013-12-31 2,806.00 187.00 2,279.00
2013-09-30 3,270.00 513.00 2,362.00
2013-06-30 3,561.00 736.00 2,358.00
2013-03-31 3,051.00 349.00 2,364.00
2012-12-31 3,194.00 467.00 2,369.00
2012-09-30 3,125.00 475.00 2,319.00
2012-06-30 2,847.00 167.00 2,405.00

*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.
  • Sydbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sydbank used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Sydbank 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 Sydbank'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.
Sydbank has a total score of 2/6, 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.

0MGE Health

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

LSE:0MGE Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 11,682.00 16,558.00 14,090.00
2018-09-30 11,896.00 15,591.00 22,447.00
2018-06-30 12,098.00 13,820.00 26,129.00
2018-03-31 11,349.00 16,712.00 30,577.00
2017-12-31 11,926.00 19,338.00 14,461.00
2017-09-30 11,769.00 15,416.00 23,138.00
2017-06-30 11,549.00 20,810.00 24,627.00
2017-03-31 11,406.00 23,574.00 24,570.00
2016-12-31 11,757.00 33,271.00 16,857.00
2016-09-30 11,381.00 36,276.00 27,762.00
2016-06-30 11,057.00 36,340.00 25,559.00
2016-03-31 10,874.00 38,094.00 27,842.00
2015-12-31 11,427.00 34,968.00 22,883.00
2015-09-30 11,226.00 35,444.00 33,260.00
2015-06-30 11,115.00 44,049.00 47,064.00
2015-03-31 11,094.00 52,642.00 54,002.00
2014-12-31 11,311.00 52,455.00 21,522.00
2014-09-30 11,075.00 44,887.00 43,947.00
2014-06-30 10,742.00 44,913.00 49,609.00
2014-03-31 10,528.00 43,407.00 47,761.00
2013-12-31 10,237.00 48,618.00 19,198.00
2013-09-30 10,573.00 48,214.00 48,783.00
2013-06-30 10,464.00 47,295.00 46,579.00
2013-03-31 10,208.00 60,089.00 65,092.00
2012-12-31 10,033.00 59,914.00 24,750.00
2012-09-30 9,986.00 63,276.00 28,889.00
2012-06-30 9,692.00 68,408.00 24,831.00
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.
  • Sydbank has an acceptable proportion of non-loan assets held.
  • Sydbank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Sydbank are broadly funded by customer deposits.
  • Sydbank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Sydbank has a sufficient allowance for bad loans.
  • Sydbank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Sydbank'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. Sydbank has a total score of 5/6, 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.

0MGE Dividends

 What is Sydbank'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
6.4%
Current annual income from Sydbank dividends. Estimated to be 5.18% next year.
If you bought DKK2,000 of Sydbank shares you are expected to receive DKK128 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?
  • Sydbank's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Sydbank's dividend is above 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:0MGE 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 3 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 705 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:0MGE Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 7.90 4.00
2020-12-31 7.41 4.00
2019-12-31 7.42 4.00
LSE:0MGE Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-27 9.360 6.437
2018-02-20 11.310 5.911
2017-03-01 10.460 4.207
2016-02-24 7.940 4.009
2015-03-12 7.080 3.045
2012-10-31 0.000 0.000
2012-08-22 0.000 0.000
2012-05-02 0.000 0.000
2012-02-22 0.000 0.000
2011-03-10 1.000 0.932
2009-10-27 0.000 0.000
2009-08-18 0.000 0.000
2009-04-28 0.000 0.000
2009-04-20 0.000 0.000

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

  • Whilst dividend payments have been stable, Sydbank has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sydbank only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Sydbank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Sydbank'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 Sydbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sydbank has a total score of 4/6, see the detailed checks below.


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

0MGE Management

 What is the CEO of Sydbank'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
Karen Frøsig
COMPENSATION DKK6,800,000
AGE 60
TENURE AS CEO 8.8 years
CEO Bio

Ms. Karen Frøsig has been the Chief Executive Officer of Sydbank A/S since June 1, 2010 and is its Managing Director and also served as the Head of its Legal Department. Ms. Frøsig served as a Member of Group Executive Management at Sydbank A/S since May 2008 and served as its Deputy Group Chief Executive until May 2010. Ms. Frøsig served as Managing Director of Sydbank A/S. She serves as Chairman of the Board of Directors of Sydbank (Schweiz) AG. She serves as Vice-Chairman of National Banks in Denmark. She has been Chairman of the Board of Directors of Ejendomsselskabet A/S since June 1986. She serves as Vice-Chairman of Regional Bankers' Association. She serves as a Member of the Boards of Directors of PRAS A/S, the Danish Bankers' Association, Multidata A/S, BI Holding A/S and Dansk-Tysk Handelskammer. She served as a Director of Bluegarden Holding A/S. Ms. Frøsig has been a Director of Totalkredit A/S since May 13, 2008 and Ejendomsselskabet A/S since June 1, 1986. She serves as a Director of Finance Denmark, Musikhuset Esbjerg Fond, FR l af 16. September 2015 A/S, Sydbank Sønderjyllands Fond, Sydbank Fonden and Komitéen for God Selskabsledelse. She serves as Chairman of Bogføringsforeningen Bankdata and Diba A/S. She was a Director at DLR Kredit A/S until April 2018.

CEO Compensation
  • Karen's compensation has been consistent with company performance over the past year.
  • Karen'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 Sydbank management team in years:

5.6
Average Tenure
55
Average Age
  • The average tenure for the Sydbank management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Karen Frøsig

TITLE
President & CEO
COMPENSATION
DKK7M
AGE
60
TENURE
8.8 yrs

Jan Svarre

TITLE
Deputy Group Chief Executive
COMPENSATION
DKK5M
AGE
55
TENURE
6 yrs

Bjarne Larsen

TITLE
Deputy Group Chief Executive
COMPENSATION
DKK5M
AGE
55
TENURE
5.6 yrs

Jørn Møller

TITLE
Chief Financial Officer
TENURE
3.8 yrs

Louise Degn-Hansen

TITLE
Head of Communication
TENURE
1.3 yrs

Nicolai Frederiksen

TITLE
Head of Sales & Marketing

Else Guldager

TITLE
Head of Human Resources

Steen Sandager

TITLE
Head of Retail Clients & Private Banking

Jess Olsen

TITLE
Head of Retail & Corporate Clients

Kim Nielsen

TITLE
Head of Sydbank In Germany
Board of Directors Tenure

Average tenure and age of the Sydbank board of directors in years:

4.1
Average Tenure
57
Average Age
  • The tenure for the Sydbank board of directors is about average.
Board of Directors

Torben Nielsen

TITLE
Chairman
COMPENSATION
DKK1M
AGE
71
TENURE
4.1 yrs

John Lesbo

TITLE
Vice Chairman
COMPENSATION
DKK804K
AGE
64
TENURE
1.1 yrs

Hanni Kasprzak

TITLE
Member of Advisory Board
AGE
61

Jarl Oxlund

TITLE
Director
COMPENSATION
DKK407K
AGE
51
TENURE
5.1 yrs

Jacob Nielsen

TITLE
Independent Director
COMPENSATION
DKK461K
AGE
45
TENURE
5.1 yrs

Lars Mikkelgaard-Jensen

TITLE
Independent Director
COMPENSATION
DKK440K
AGE
64
TENURE
4.1 yrs

Frank Nielsen

TITLE
Director
COMPENSATION
DKK501K
AGE
62
TENURE
4.1 yrs

Janne Moltke-Leth

TITLE
Independent Director
COMPENSATION
DKK460K
AGE
52
TENURE
3.1 yrs

Carsten Andersen

TITLE
Director
COMPENSATION
DKK256K
AGE
34
TENURE
1.1 yrs

Jørn Sørensen

TITLE
Director
COMPENSATION
DKK256K
AGE
53
TENURE
1.1 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 Sydbank'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. Sydbank 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.

0MGE News

Simply Wall St News

0MGE Company Info

Description

Sydbank A/S, together with its subsidiaries, provides various banking products and services to corporate and retail customers in Denmark and internationally. The company operates in Banking, Asset Management, Sydbank Markets, Treasury, and Other segments. It offers various deposits, and loans and advances; and corporate banking services, including financing solutions and advisory services; and international commercial banking services, such as payment services and cash management solutions. The company also provides private banking products and services, such as advice related to pensions, investments, and various financial issues; personal and individual advisory services; and payment cards, and insurance and investment products, as well as related services. In addition, it offers advisory and asset management services for investment funds, pooled pension plans, foundations, and institutional and wealthy clients; and advice and quotes prices as regards bonds, shares, and foreign exchange, as well as undertakes market-making obligations for institutional clients, central banks, asset managers, foreign clients, and banks. Further, the company is involved in the macro, equity, and fixed income research activities. Additionally, it deals in government and mortgage bonds; and provides online and digital solutions. The company offers its services through 62 branches in Denmark and 3 branches in Germany. Sydbank A/S was founded in 1970 and is headquartered in Aabenraa, Denmark.

Details
Name: Sydbank A/S
0MGE
Exchange: LSE
Founded: 1970
DKK8,919,500,156
61,008,893
Website: http://www.sydbank.com
Address: Sydbank A/S
Peberlyk 4,
PO Box 1038,
Aabenraa,
Region of Southern Denmark, 6200,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE SYDB Share Capital OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
DB TM2 Share Capital Deutsche Boerse AG DE EUR 02. Jan 1992
BST TM2 Share Capital Boerse-Stuttgart DE EUR 02. Jan 1992
LSE 0MGE Share Capital London Stock Exchange GB DKK 02. Jan 1992
OTCPK SYAN.Y UNSPONSORED ADR Pink Sheets LLC US USD 22. Oct 2008
Number of employees
Current staff
Staff numbers
2,098
Sydbank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:11
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/02/27
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.