Executive Summary
Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Swedbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SWED A has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.8%
SWED A
-0.4%
SE Banks
-2.0%
SE Market
1 Year Return
5.6%
SWED A
-5.2%
SE Banks
15.2%
SE Market
Return vs Industry: SWED A exceeded the Swedish Banks industry which returned -5.8% over the past year.
Return vs Market: SWED A underperformed the Swedish Market which returned 16.9% over the past year.
Shareholder returns
| SWED A | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | -0.4% | -2.0% |
| 30 Day | 8.2% | 6.2% | 2.9% |
| 90 Day | 0.7% | -3.7% | 4.9% |
| 1 Year | 5.6%5.6% | -4.7%-5.2% | 17.3%15.2% |
| 3 Year | -14.0%-27.7% | -18.1%-30.5% | 34.7%20.2% |
| 5 Year | 2.0%-24.3% | -34.7%-47.5% | 62.9%31.2% |
Price Volatility Vs. Market
How volatile is Swedbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Swedbank's (STO:SWED A) Stock Price Has Reduced 34% In The Past Three Years1 month ago | Simply Wall St
Swedbank AB (publ) (STO:SWED A) Insiders Increased Their Holdings3 months ago | Simply Wall St
Results: Swedbank AB (publ) Beat Earnings Expectations And Analysts Now Have New ForecastsValuation
Is Swedbank undervalued compared to its fair value and its price relative to the market?
13.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SWED A (SEK148.48) is trading above our estimate of fair value (SEK126.1)
Significantly Below Fair Value: SWED A is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SWED A is poor value based on its PE Ratio (13.6x) compared to the XE Banks industry average (9.5x).
PE vs Market: SWED A is good value based on its PE Ratio (13.6x) compared to the Swedish market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: SWED A is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SWED A's PB Ratio (1.2x) is in line with the SE Banks industry average.
Next Steps
Future Growth
How is Swedbank forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
18.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SWED A's forecast earnings growth (18.7% per year) is above the savings rate (0.5%).
Earnings vs Market: SWED A's earnings (18.7% per year) are forecast to grow faster than the Swedish market (12.9% per year).
High Growth Earnings: SWED A's earnings are forecast to grow, but not significantly.
Revenue vs Market: SWED A's revenue (2.5% per year) is forecast to grow slower than the Swedish market (3.1% per year).
High Growth Revenue: SWED A's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SWED A's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has Swedbank performed over the past 5 years?
-1.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SWED A has high quality earnings.
Growing Profit Margin: SWED A's current net profit margins (31.3%) are lower than last year (45.3%).
Past Earnings Growth Analysis
Earnings Trend: SWED A's earnings have declined by 1.4% per year over the past 5 years.
Accelerating Growth: SWED 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: SWED A had negative earnings growth (-35.3%) over the past year, making it difficult to compare to the Banks industry average (-12.6%).
Return on Equity
High ROE: SWED A's Return on Equity (8.5%) is considered low.
Next Steps
Financial Health
How is Swedbank'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: SWED A's Assets to Equity ratio (17.9x) is moderate.
Allowance for Bad Loans: SWED A has a low allowance for bad loans (71%).
Low Risk Liabilities: 56% of SWED A's liabilities are made up of primarily higher risk sources of funding.
Loan Level: SWED A has an appropriate level of Loans to Assets ratio (62%).
Low Risk Deposits: SWED A's Loans to Deposits ratio (151%) is high.
Level of Bad Loans: SWED A has an appropriate level of bad loans (0.7%).
Next Steps
Dividend
What is Swedbank current dividend yield, its reliability and sustainability?
5.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SWED A's dividend (5.93%) is higher than the bottom 25% of dividend payers in the Swedish market (1.14%).
High Dividend: SWED A's dividend (5.93%) is in the top 25% of dividend payers in the Swedish market (4.31%)
Stability and Growth of Payments
Stable Dividend: SWED A's dividend payments have been volatile in the past 10 years.
Growing Dividend: SWED A's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.4%), SWED A's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SWED A's dividends in 3 years are forecast to be covered by earnings (50.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Jens Henriksson (53 yo)
1
Tenure
kr13,996,000
Compensation
Mr. Jens Henriksson serves as President and Chief Executive Officer at Swedbank AB (publ) since October 1, 2019. Mr. Henriksson has been the Chief Executive Officer and President of Folksam AB since 2013. ...
CEO Compensation Analysis
Compensation vs Market: Jens's total compensation ($USD1.60M) is about average for companies of similar size in the Swedish market ($USD2.06M).
Compensation vs Earnings: Insufficient data to compare Jens's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 1yr | kr14.00m | 0.0018% SEK 3.0m | |
| Chief Financial Officer | 1yr | kr14.75m | 0.0020% SEK 3.4m | |
| Head of Investor Relations | 0.083yr | no data | no data | |
| Head of Group Compliance | 1.08yrs | no data | 0.00013% SEK 216.2k | |
| Interim Chief Legal Officer & Head of Group Legal | 0.50yr | no data | no data | |
| Head of Group Communications & Sustainability | 0.25yr | no data | no data | |
| Head of Group HR & Infrastructure | 3yrs | no data | no data | |
| Head of HR Channels & Concepts | 7.75yrs | no data | no data | |
| Head of Anti-Financial Crime Unit | 12.75yrs | no data | 0.0020% SEK 3.4m | |
| Head of Swedish Banking | 10.17yrs | no data | 0.00037% SEK 615.3k | |
| Head of Financial Institutions | 4.08yrs | no data | no data | |
| Head of Sustainability | no data | no data | no data |
1.1yrs
Average Tenure
56.5yo
Average Age
Experienced Management: SWED A's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 0.42yr | no data | no data | |
| Independent Director | 0.42yr | no data | no data | |
| Independent Vice Chairman of the Board | 1.33yrs | kr1.64m | 0.0018% SEK 3.0m | |
| Independent Chairman of the Board | 1.33yrs | kr2.99m | 0.0022% SEK 3.7m | |
| Independent Director | 0.42yr | no data | no data | |
| Employee Representative Director | 5.75yrs | no data | 0.000010% SEK 16.6k | |
| Director | 0.42yr | no data | no data | |
| Director | 0.42yr | no data | no data | |
| Independent Director | 2.58yrs | kr942.00k | 0.00016% SEK 266.1k | |
| Independent Director | 1.33yrs | kr1.10m | no data | |
| Independent Director | 1.58yrs | kr845.00k | no data | |
| Employee Representative Director | 0.75yr | no data | no data |
1.0yrs
Average Tenure
53.5yo
Average Age
Experienced Board: SWED A's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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
Swedbank AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Swedbank AB (publ)
- Ticker: SWED A
- Exchange: OM
- Founded: 1820
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: kr166.296b
- Shares outstanding: 1.12b
- Website: https://www.swedbank.com
Number of Employees
Location
- Swedbank AB (publ)
- Landsvägen 40
- Sundbyberg
- Stockholm County
- 172 63
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SWED A | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Jun 1995 |
| 0H6T | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Jun 1995 |
| SWDB.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jun 1995 |
| FRYA | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 1995 |
| SWEDAS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Jun 1995 |
| SWDB.Y | OTCPK (Pink Sheets LLC) | SPD ADR | US | USD | Jun 2003 |
Biography
Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & I ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 20:39 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.