Nordea Bank Abp Valuation
Is NDA SE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 NDA SE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NDA SE (SEK124.95) is trading below our estimate of fair value (SEK269.46)
Significantly Below Fair Value: NDA SE is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NDA SE?
Other financial metrics that can be useful for relative valuation.
| What is NDA SE's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €37.49b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | -2.7x |
Price to Earnings Ratio vs Peers
How does NDA SE's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.4x | ||
SEB A Skandinaviska Enskilda Banken | 7.9x | -6.2% | kr300.3b |
SWED A Swedbank | 7x | -5.4% | kr239.7b |
SHB A Svenska Handelsbanken | 7.8x | -7.4% | kr217.5b |
NORION Norion Bank | 6.8x | 6.5% | kr8.4b |
NDA SE Nordea Bank Abp | 7.3x | -2.7% | kr437.6b |
Price-To-Earnings vs Peers: NDA SE is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (7.4x).
Price to Earnings Ratio vs Industry
How does NDA SE's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: NDA SE is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Banks industry average (7.6x).
Price to Earnings Ratio vs Fair Ratio
What is NDA SE'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7.3x |
| Fair PE Ratio | 7.7x |
Price-To-Earnings vs Fair Ratio: NDA SE is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (7.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | kr124.95 | kr148.43 +18.8% | 8.9% | kr168.66 | kr114.77 | n/a | 12 |
| Apr ’25 | kr119.20 | kr149.94 +25.8% | 8.5% | kr168.44 | kr116.52 | n/a | 13 |
| Mar ’25 | kr126.68 | kr145.70 +15.0% | 9.6% | kr179.03 | kr112.65 | n/a | 14 |
| Feb ’25 | kr127.06 | kr150.35 +18.3% | 10.1% | kr182.37 | kr116.03 | n/a | 13 |
| Jan ’25 | kr124.72 | kr149.48 +19.9% | 8.5% | kr180.70 | kr131.89 | n/a | 12 |
| Dec ’24 | kr118.74 | kr148.39 +25.0% | 5.7% | kr162.57 | kr133.78 | n/a | 13 |
| Nov ’24 | kr117.08 | kr151.56 +29.4% | 6.3% | kr168.03 | kr136.30 | n/a | 14 |
| Oct ’24 | kr120.12 | kr149.93 +24.8% | 7.4% | kr170.02 | kr132.32 | n/a | 14 |
| Sep ’24 | kr120.46 | kr150.89 +25.3% | 6.9% | kr170.18 | kr133.66 | n/a | 15 |
| Aug ’24 | kr118.96 | kr146.61 +23.2% | 6.9% | kr165.31 | kr129.83 | n/a | 15 |
| Jul ’24 | kr117.30 | kr145.11 +23.7% | 6.1% | kr163.72 | kr130.42 | n/a | 16 |
| Jun ’24 | kr108.46 | kr147.14 +35.7% | 6.1% | kr163.59 | kr133.70 | n/a | 15 |
| May ’24 | kr113.82 | kr143.49 +26.1% | 6.0% | kr159.39 | kr130.50 | n/a | 15 |
| Apr ’24 | kr110.64 | kr144.21 +30.3% | 6.0% | kr162.96 | kr129.35 | kr119.20 | 15 |
| Mar ’24 | kr132.02 | kr141.28 +7.0% | 6.1% | kr159.58 | kr126.67 | kr126.68 | 15 |
| Feb ’24 | kr123.42 | kr135.63 +9.9% | 6.8% | kr155.12 | kr116.26 | kr127.06 | 15 |
| Jan ’24 | kr111.68 | kr132.06 +18.2% | 8.1% | kr156.07 | kr113.69 | kr124.72 | 15 |
| Dec ’23 | kr109.82 | kr132.33 +20.5% | 8.0% | kr156.52 | kr114.02 | kr118.74 | 15 |
| Nov ’23 | kr104.90 | kr130.13 +24.0% | 9.6% | kr153.72 | kr113.76 | kr117.08 | 14 |
| Oct ’23 | kr95.67 | kr129.45 +35.3% | 10.3% | kr155.34 | kr114.74 | kr120.12 | 14 |
| Sep ’23 | kr96.69 | kr124.76 +29.0% | 9.9% | kr151.75 | kr111.53 | kr120.46 | 15 |
| Aug ’23 | kr99.65 | kr122.34 +22.8% | 10.2% | kr149.28 | kr107.29 | kr118.96 | 15 |
| Jul ’23 | kr91.04 | kr123.15 +35.3% | 10.4% | kr144.85 | kr92.59 | kr117.30 | 14 |
| Jun ’23 | kr98.89 | kr121.61 +23.0% | 10.8% | kr146.82 | kr91.17 | kr108.46 | 14 |
| May ’23 | kr99.02 | kr116.67 +17.8% | 11.5% | kr144.20 | kr89.54 | kr113.82 | 14 |
| Apr ’23 | kr99.23 | kr117.31 +18.2% | 9.6% | kr136.70 | kr89.50 | kr110.64 | 15 |
Analyst Forecast: Target price is less than 20% higher than the current share price.