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Skandinaviska Enskilda Banken AB (publ.)

Executive Summary

Skandinaviska Enskilda Banken AB (publ.) provides corporate, retail, investment, and private banking services. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Skandinaviska Enskilda Banken AB (publ.)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SEB A is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SEB A's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.4%

SEB A

1.8%

SE Banks

0.3%

SE Market


1 Year Return

16.9%

SEB A

8.9%

SE Banks

16.5%

SE Market

Return vs Industry: SEB A exceeded the Swedish Banks industry which returned 6.1% over the past year.

Return vs Market: SEB A matched the Swedish Market which returned 16.7% over the past year.


Shareholder returns

SEB AIndustryMarket
7 Day2.4%1.8%0.3%
30 Day11.7%8.7%4.1%
90 Day7.2%5.8%6.8%
1 Year16.9%16.9%9.3%8.9%18.2%16.5%
3 Year9.0%-4.8%-6.3%-19.8%40.6%25.4%
5 Year28.9%0.4%5.7%-19.6%61.2%30.1%

Long-Term Price Volatility Vs. Market

How volatile is Skandinaviska Enskilda Banken AB (publ.)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Skandinaviska Enskilda Banken AB (publ.) undervalued compared to its fair value and its price relative to the market?

14.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SEB A (SEK93.4) is trading below our estimate of fair value (SEK109.48)

Significantly Below Fair Value: SEB A is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SEB A is poor value based on its PE Ratio (12.3x) compared to the SE Banks industry average (12x).

PE vs Market: SEB A is good value based on its PE Ratio (12.3x) compared to the Swedish market (22.9x).


Price to Earnings Growth Ratio

PEG Ratio: SEB A is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: SEB A is overvalued based on its PB Ratio (1.2x) compared to the SE Banks industry average (1.1x).


Next Steps

Future Growth

How is Skandinaviska Enskilda Banken AB (publ.) forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEB A's forecast earnings growth (12.6% per year) is above the savings rate (0.5%).

Earnings vs Market: SEB A's earnings (12.6% per year) are forecast to grow faster than the Swedish market (11.4% per year).

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

Revenue vs Market: SEB A's revenue (2.9% per year) is forecast to grow slower than the Swedish market (3.3% per year).

High Growth Revenue: SEB A's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SEB A's Return on Equity is forecast to be low in 3 years time (12.7%).


Next Steps

Past Performance

How has Skandinaviska Enskilda Banken AB (publ.) performed over the past 5 years?

8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEB A has a high level of non-cash earnings.

Growing Profit Margin: SEB A's current net profit margins (37%) are lower than last year (41.1%).


Past Earnings Growth Analysis

Earnings Trend: SEB A's earnings have grown by 8.2% per year over the past 5 years.

Accelerating Growth: SEB A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SEB A had negative earnings growth (-13.1%) over the past year, making it difficult to compare to the Banks industry average (-12.8%).


Return on Equity

High ROE: SEB A's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is Skandinaviska Enskilda Banken AB (publ.)'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: SEB A's Assets to Equity ratio (19.3x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if SEB A has a sufficient allowance for bad loans.

Low Risk Liabilities: 52% of SEB A's liabilities are made up of primarily low risk sources of funding.

Loan Level: SEB A has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: SEB A's Loans to Deposits ratio (109%) is appropriate.

Level of Bad Loans: SEB A has an appropriate level of bad loans (1%).


Next Steps

Dividend

What is Skandinaviska Enskilda Banken AB (publ.) current dividend yield, its reliability and sustainability?

6.67%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SEB A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SEB A's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SEB A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SEB A's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SEB A is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SEB A's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Johan Torgeby (46 yo)

3.67yrs

Tenure

kr19,423,000

Compensation

Mr. Johan Torgeby has been the Chief Executive Officer and President at Skandinaviska Enskilda Banken AB (publ) since March 29, 2017. Mr. Torgeby served as Co-Head of Division Large Corporates & Financial ...


CEO Compensation Analysis

Compensation vs Market: Johan's total compensation ($USD2.27M) is about average for companies of similar size in the Swedish market ($USD1.93M).

Compensation vs Earnings: Johan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Johan Torgeby
President3.67yrskr19.42m0.00027%
SEK 544.8k
Masih Yazdi
Group Chief Financial Officer0.83yrno data0.00072%
SEK 1.5m
Ainar Leppänen
Head of Retail & Banking Technology and Member of Management Board4.5yrsno datano data
Ausra Matuseviciene
Head of Operations5.83yrsno data0.00047%
SEK 948.4k
Javiera Ragnartz
Head of Investment Management Division1.83yrsno datano data
John Abrahamson
Head of Corporate Finance Unit15.42yrsno datano data
Petra Ålund
Head of Group Technology1.58yrsno data0.00025%
SEK 504.5k
Nicolas Moch
Chief Information Officer2.83yrsno data0%
SEK 0
Pawel Wyszynski
Head of Investor Relationsno datano datano data
Gent Jansson
Head of Group Complianceno datano datano data
Hans Ragnhäll
Company Legal Officerno datano datano data
Frank Hojem
Head of Media Relations & Head of Corporate Communicationno datano datano data

3.3yrs

Average Tenure

48yo

Average Age

Experienced Management: SEB A's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Johan Torgeby
President3.67yrskr19.42m0.00027%
SEK 544.8k
Winnie Fok
Independent Director7.67yrskr1.01m0.00014%
SEK 282.5k
Marcus Wallenberg
Independent Chairman of the Board15.58yrskr3.94m0.035%
SEK 70.4m
Sven Nyman
Independent Vice Chairman of the Board3.67yrskr980.00k0.00049%
SEK 988.8k
Helena Saxon
Independent Director4.67yrskr1.17m0.00058%
SEK 1.2m
Signhild Hansen
Independent Director10.5yrskr1.13m0.00025%
SEK 504.5k
Jesper Ovesen
Independent Vice Chairman of the Board6.67yrskr1.85m0.0012%
SEK 2.3m
Annika Dahlberg
Deputy Director4.83yrsno data0.000020%
SEK 40.4k
Charlotta Lindholm
Employee Representative Director0.42yrno data0.000010%
SEK 20.2k
Anne-Catherine Berner
Independent Director1.42yrskr779.17k0.00021%
SEK 423.8k
Lars Ottersgård
Independent Director1.67yrskr740.00kno data
Magnus Olsson
Alternate Director0.83yrno datano data

4.2yrs

Average Tenure

58.5yo

Average Age

Experienced Board: SEB A's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SEB A insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Skandinaviska Enskilda Banken AB (publ.)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Skandinaviska Enskilda Banken AB (publ.)
  • Ticker: SEB A
  • Exchange: OM
  • Founded: 1856
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: kr201.794b
  • Shares outstanding: 2.16b
  • Website: https://sebgroup.com

Number of Employees


Location

  • Skandinaviska Enskilda Banken AB (publ.)
  • Kungsträdgårdsgatan 8
  • Stockholm
  • Stockholm County
  • 106 40
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SVKE.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDJan 1980
SEB AOM (OMX Nordic Exchange Stockholm)YesSeries A SharesSESEKJan 1980
SEBADB (Deutsche Boerse AG)YesSeries A SharesDEEURJan 1980
0HBYLSE (London Stock Exchange)YesSeries A SharesGBSEKJan 1980
SEBASBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBSEKJan 1980
SEB COM (OMX Nordic Exchange Stockholm)Series C SharesSESEKAug 1992
SEBCDB (Deutsche Boerse AG)Series C SharesDEEURAug 1992
0GUXLSE (London Stock Exchange)Series C SharesGBSEKAug 1992
SEBCSBATS-CHIXE (BATS 'Chi-X Europe')Series C SharesGBSEKAug 1992

Biography

Skandinaviska Enskilda Banken AB (publ.) provides corporate, retail, investment, and private banking services. The company’s Large Corporates & Financial Institutions division offers commercial and investm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 20:50
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.