DNB ASA provides various banking products and services for retail and corporate customers in Norway and internationally. More Details
Average dividend payer and slightly overvalued.
Share Price & News
How has DNB's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DNB is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: DNB's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: DNB exceeded the Norwegian Banks industry which returned 2.1% over the past year.
Return vs Market: DNB exceeded the Norwegian Market which returned 1.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is DNB's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StShould You Buy DNB ASA (OB:DNB) For Its 5.4% Dividend?
1 month ago | Simply Wall StWhat You Need To Know About DNB ASA's (OB:DNB) Investor Composition
2 months ago | Simply Wall StInsider Buying: The DNB ASA (OB:DNB) Independent Director Just Bought 369% More Shares
Is DNB undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DNB (NOK169.7) is trading below our estimate of fair value (NOK174.68)
Significantly Below Fair Value: DNB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DNB is poor value based on its PE Ratio (13.7x) compared to the NO Banks industry average (10.2x).
PE vs Market: DNB is good value based on its PE Ratio (13.7x) compared to the Norwegian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: DNB is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: DNB is overvalued based on its PB Ratio (1.1x) compared to the NO Banks industry average (0.5x).
How is DNB forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DNB's forecast earnings growth (10.6% per year) is above the savings rate (1.4%).
Earnings vs Market: DNB's earnings (10.6% per year) are forecast to grow slower than the Norwegian market (33.6% per year).
High Growth Earnings: DNB's earnings are forecast to grow, but not significantly.
Revenue vs Market: DNB's revenue (1% per year) is forecast to grow slower than the Norwegian market (6.6% per year).
High Growth Revenue: DNB's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DNB's Return on Equity is forecast to be low in 3 years time (9.5%).
How has DNB performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DNB has high quality earnings.
Growing Profit Margin: DNB's current net profit margins (39.9%) are lower than last year (47.3%).
Past Earnings Growth Analysis
Earnings Trend: DNB's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: DNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DNB had negative earnings growth (-25.5%) over the past year, making it difficult to compare to the Banks industry average (-6.9%).
Return on Equity
High ROE: DNB's Return on Equity (8.4%) is considered low.
How is DNB's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: DNB's Assets to Equity ratio (12.4x) is moderate.
Allowance for Bad Loans: DNB has a low allowance for bad loans (44%).
Low Risk Liabilities: 61% of DNB's liabilities are made up of primarily higher risk sources of funding.
Loan Level: DNB has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: DNB's Loans to Deposits ratio (161%) is high.
Level of Bad Loans: DNB has a high level of bad loans (2.1%).
What is DNB current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DNB's dividend (5.3%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.34%).
High Dividend: DNB's dividend (5.3%) is low compared to the top 25% of dividend payers in the Norwegian market (5.61%).
Stability and Growth of Payments
Stable Dividend: DNB's dividend payments have been volatile in the past 10 years.
Growing Dividend: DNB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.8%), DNB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DNB's dividends in 3 years are forecast to be covered by earnings (65.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kjerstin Braathen (50 yo)
Ms. Kjerstin Rasmussen Braathen serves as Member of Corporate Assembly at Equinor ASA since May 15, 2020. Ms. Braathen has been Chief Executive Officer at DNB ASA since September 1, 2019. Ms. Braathen serv...
CEO Compensation Analysis
Compensation vs Market: Kjerstin's total compensation ($USD1.03M) is about average for companies of similar size in the Norwegian market ($USD1.10M).
Compensation vs Earnings: Kjerstin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Group Chief Executive Officer||1.33yrs||kr8.82m||0.0027% |
|Group Chief Financial Officer||1.33yrs||kr13.13m||0.016% |
|Group Executive Vice President of Technology & Services||1.33yrs||kr3.99m||0.00027% |
|Group Executive Vice President of Compliance||2.75yrs||kr3.80m||0.000090% |
|Group Executive Vice President of Communications||2yrs||kr4.84m||0.0016% |
|Group Executive Vice President of Markets||1.33yrs||kr10.58m||0.0016% |
|Group Executive Vice President of People||1.33yrs||kr2.13m||0.00013% |
|Group Executive Vice President of Corporate Banking||8yrs||kr6.80m||0.0028% |
|Group Executive Vice President of Personal Banking||3yrs||kr5.38m||0.00066% |
|Group Executive Vice President of Group Risk Management||3.08yrs||kr6.10m||0.00040% |
|Group Executive Vice President of Payments & Innovation||3.08yrs||kr4.77m||0.00087% |
|Group Executive Vice President of Wealth Management||2.58yrs||kr5.07m||0.0012% |
Experienced Management: DNB's management team is considered experienced (2.3 years average tenure).
|Director of Vital Forsikring||no data||no data||no data|
|Independent Chairman of the Board||2.75yrs||kr1.08m||0.00087% |
|Independent Director||1.75yrs||kr516.00k||0.00024% |
|Employee Representative Director||0.58yr||no data||0.000070% |
|Director of DNB NOR Savings Bank Foundation||no data||no data||no data|
|Director||0.58yr||no data||no data|
|Employee Representative Director||0.58yr||no data||0.000050% |
|Independent Director||6.58yrs||kr519.00k||0.0018% |
|Deputy Employee Representative Director||0.58yr||no data||no data|
|Deputy Employee Representative Director||0.58yr||no data||no data|
|Vice Chair of the Board||0.58yr||no data||no data|
Experienced Board: DNB's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DNB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
DNB ASA's company bio, employee growth, exchange listings and data sources
- Name: DNB ASA
- Ticker: DNB
- Exchange: OB
- Founded: 1822
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr282.822b
- Shares outstanding: 1.67b
- Website: https://www.dnb.no
Number of Employees
- DNB ASA
- Dronning Eufemias gate 30
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DNBH.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1992|
|NBA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1992|
|DNB||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Jan 1992|
|0O84||LSE (London Stock Exchange)||Yes||Common Shares||GB||NOK||Jan 1992|
|DNBO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||NOK||Jan 1992|
|DNHB.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Aug 2010|
DNB ASA provides various banking products and services for retail and corporate customers in Norway and internationally. The company offers savings and investment products, including saving accounts, home ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/21 01:37|
|End of Day Share Price||2021/01/20 00:00|
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.