company background image
NDA

Nordea Bank AbpOM:NDA SE Stock Report

Last Price

kr106.38

Market Cap

kr416.1b

7D

-4.5%

1Y

53.0%

Updated

25 Jan, 2022

Data

Company Financials +
NDA SE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends5/6

NDA SE Stock Overview

Nordea Bank Abp provides various banking products and services in Sweden, Finland, Norway, Denmark, and internationally.

Nordea Bank Abp Competitors

Skandinaviska Enskilda Banken

OM:SEB A

kr260.4b

Swedbank

OM:SWED A

kr203.7b

National Australia Bank

ASX:NAB

AU$88.9b

Australia and New Zealand Banking Group

ASX:ANZ

AU$75.3b

Price History & Performance

Summary of all time highs, changes and price drops for Nordea Bank Abp
Historical stock prices
Current Share Pricekr106.38
52 Week Highkr117.20
52 Week Lowkr67.18
Beta0.95
1 Month Change-1.65%
3 Month Change-0.93%
1 Year Change53.00%
3 Year Change29.54%
5 Year Change0.64%
Change since IPO143.43%

Recent News & Updates

Shareholder Returns

NDA SESE BanksSE Market
7D-4.5%-2.6%-4.8%
1Y53.0%31.5%11.2%

Return vs Industry: NDA SE exceeded the Swedish Banks industry which returned 29.2% over the past year.

Return vs Market: NDA SE exceeded the Swedish Market which returned 11.9% over the past year.

Price Volatility

Is NDA SE's price volatile compared to industry and market?
NDA SE volatility
NDA SE Average Weekly Movement3.0%
Banks Industry Average Movement3.2%
Market Average Movement6.8%
10% most volatile stocks in SE Market11.9%
10% least volatile stocks in SE Market4.0%

Stable Share Price: NDA SE is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NDA SE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
182027,126Frank Vang-Jensenhttps://www.nordea.com

Nordea Bank Abp provides various banking products and services in Sweden, Finland, Norway, Denmark, and internationally. The company operates through Personal Banking, Business Banking, Large Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment offers various financial services to household customers through internet and mobile banking, over the phone, online meetings, and branch offices.

Nordea Bank Abp Fundamentals Summary

How do Nordea Bank Abp's earnings and revenue compare to its market cap?
NDA SE fundamental statistics
Market Cap€39.72b
Earnings (TTM)€3.51b
Revenue (TTM)€9.24b

11.3x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NDA SE income statement (TTM)
Revenue€9.24b
Cost of Revenue€0
Gross Profit€9.24b
Expenses€5.72b
Earnings€3.51b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 03, 2022

Earnings per share (EPS)0.90
Gross Margin100.00%
Net Profit Margin38.03%
Debt/Equity Ratio672.7%

How did NDA SE perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

44%

Payout Ratio

Valuation

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

11.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NDA SE (SEK106.38) is trading above our estimate of fair value (SEK106.04)

Significantly Below Fair Value: NDA SE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NDA SE is poor value based on its PE Ratio (11.3x) compared to the Swedish Banks industry average (10.7x).

PE vs Market: NDA SE is good value based on its PE Ratio (11.3x) compared to the Swedish market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: NDA SE is poor value based on its PEG Ratio (1776.8x)


Price to Book Ratio

PB vs Industry: NDA SE is good value based on its PB Ratio (1.1x) compared to the SE Banks industry average (1.2x).


Future Growth

How is Nordea Bank Abp forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

0.006%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NDA SE's forecast earnings growth (0.01% per year) is below the savings rate (0.3%).

Earnings vs Market: NDA SE's earnings (0.01% per year) are forecast to grow slower than the Swedish market (0.5% per year).

High Growth Earnings: NDA SE's earnings are forecast to grow, but not significantly.

Revenue vs Market: NDA SE's revenue (2.4% per year) is forecast to grow faster than the Swedish market (1.5% per year).

High Growth Revenue: NDA SE's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NDA SE's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has Nordea Bank Abp performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NDA SE has high quality earnings.

Growing Profit Margin: NDA SE's current net profit margins (38%) are higher than last year (29.7%).


Past Earnings Growth Analysis

Earnings Trend: NDA SE's earnings have declined by 10.5% per year over the past 5 years.

Accelerating Growth: NDA SE's earnings growth over the past year (56.8%) exceeds its 5-year average (-10.5% per year).

Earnings vs Industry: NDA SE earnings growth over the past year (56.8%) exceeded the Banks industry 48%.


Return on Equity

High ROE: NDA SE's Return on Equity (9.7%) is considered low.


Financial Health

How is Nordea Bank Abp'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


Financial Institutions Analysis

Asset Level: NDA SE's Assets to Equity ratio (16.8x) is moderate.

Allowance for Bad Loans: NDA SE has a sufficient allowance for bad loans (111%).

Low Risk Liabilities: 51% of NDA SE's liabilities are made up of primarily higher risk sources of funding.

Loan Level: NDA SE has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: NDA SE's Loans to Deposits ratio (115%) is appropriate.

Level of Bad Loans: NDA SE has an appropriate level of bad loans (0.6%).


Dividend

What is Nordea Bank Abp current dividend yield, its reliability and sustainability?

3.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NDA SE's dividend (3.84%) is higher than the bottom 25% of dividend payers in the Swedish market (1.08%).

High Dividend: NDA SE's dividend (3.84%) is in the top 25% of dividend payers in the Swedish market (3.52%)


Stability and Growth of Payments

Stable Dividend: NDA SE's dividend payments have been volatile in the past 10 years.

Growing Dividend: NDA SE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.4%), NDA SE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NDA SE's dividends in 3 years are forecast to be covered by earnings (71% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Frank Vang-Jensen (54 yo)

2.33yrs

Tenure

€2,496,884

Compensation

Mr. Frank Vang-Jensen was President and Group Chief Executive Officer at Nordea Henkivakuutus Suomi Oy since September 05, 2019. He is Group Chief Executive Officer at Nordea Bank Abp (Nordea Bank AB (publ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD2.82M) is about average for companies of similar size in the Swedish market ($USD2.26M).

Compensation vs Earnings: Frank's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: NDA SE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: NDA SE's board of directors are considered experienced (3.3 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

Nordea Bank Abp's employee growth, exchange listings and data sources


Key Information

  • Name: Nordea Bank Abp
  • Ticker: NDA SE
  • Exchange: OM
  • Founded: 1820
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: kr416.089b
  • Shares outstanding: 3.91b
  • Website: https://www.nordea.com

Number of Employees


Location

  • Nordea Bank Abp
  • Satamaradankatu 5
  • Nordea
  • Helsinki
  • Uusimaa
  • 20
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 21:31
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.