Swedbank
Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The last earnings update was 25 days ago. More info.
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- Swedbank has significant price volatility in the past 3 months.
SWED A Share Price and Events
7 Day Returns
1 Year Returns
SWED A Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Swedbank (SWED A) | -0.3% | -7.3% | -31.9% | -25.4% | -17.5% | -18% |
| SE Banks | -1.4% | -5.7% | -18.3% | -14.5% | -4.7% | -24.9% |
| SE Market | 0.8% | -2.3% | 2.2% | -0.6% | 14.3% | 18.2% |
1 Year Return vs Industry and Market
- SWED A underperformed the Banks industry which returned -14.5% over the past year.
- SWED A underperformed the Market in Sweden which returned -0.6% over the past year.
Value
Is Swedbank undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Swedbank
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Swedbank.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 15 analysts.
= Stable Book Value * Return on Equity = SEK129.63 * 14.3% |
SEK18.52 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 13 analysts. | SEK129.63 |
| Discount Rate (Cost of Equity) | See below | 12.4% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 22%) (676.77%)) |
2.795 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (2 * 5.96%) |
12.35% |
Discounted Cash Flow Calculation for OM:SWED A using Excess Returns Model Model
The calculations below outline how an intrinsic value for Swedbank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (14.3% – 12.35%) * SEK129.63) |
SEK2.50 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= SEK2.50 / (12.35% - 0.43%) |
SEK20.99 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= SEK129.63 + SEK20.99 |
SEK150.62 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK150.62 |
| Current discount | Discount to share price of
SEK143.50
= -1 x (SEK143.50 - SEK150.62) / SEK150.62 |
4.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Swedbank's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Swedbank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Swedbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Swedbank's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in SEK | SEK19.16 |
| OM:SWED A Share Price ** | OM (2019-05-20) in SEK | SEK143.5 |
| Sweden Banks Industry PE Ratio | Median Figure of 5 Publicly-Listed Banks Companies | 8.79x |
| Sweden Market PE Ratio | Median Figure of 323 Publicly-Listed Companies | 16.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Swedbank.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:SWED A Share Price ÷ EPS (both in SEK) = 143.5 ÷ 19.16 |
7.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Swedbank is good value based on earnings compared to the SE Banks industry average.
- Swedbank is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does
Swedbank's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.49x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts |
2.7%per year |
| Sweden Banks Industry PEG Ratio | Median Figure of 5 Publicly-Listed Banks Companies | 1.16x |
| Sweden Market PEG Ratio | Median Figure of 235 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.49x ÷ 2.7% |
2.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Swedbank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Swedbank's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in SEK | SEK113.03 |
| OM:SWED A Share Price * | OM (2019-05-20) in SEK | SEK143.5 |
| Sweden Banks Industry PB Ratio | Median Figure of 5 Publicly-Listed Banks Companies | 1.39x |
| Sweden Market PB Ratio | Median Figure of 568 Publicly-Listed Companies | 2.49x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:SWED A Share Price ÷ Book Value per Share (both in SEK) = 143.5 ÷ 113.03 |
1.27x |
* Primary Listing of Swedbank.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Swedbank is good value based on assets compared to the SE Banks industry average.
Value checks
We assess Swedbank's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Swedbank has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Swedbank expected to perform in the next 1 to 3 years based on estimates from 17 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Swedbank's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- Swedbank's earnings growth is positive but not above the Sweden market average.
- Swedbank's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:SWED A Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts | 2.7% |
| OM:SWED A Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts | 2.6% |
| Sweden Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 5.2% |
| Sweden Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.6% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 48,899 | 21,707 | 1 | |
| 2021-12-31 | 47,257 | 20,927 | 16 | |
| 2020-12-31 | 46,059 | 20,324 | 17 | |
| 2019-12-31 | 44,870 | 19,567 | 15 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 44,287 | -154,043 | 21,399 |
| 2018-12-31 | 43,701 | -29,460 | 21,162 |
| 2018-09-30 | 43,979 | -32,990 | 21,309 |
| 2018-06-30 | 43,103 | -176,566 | 20,527 |
| 2018-03-31 | 41,164 | 46,139 | 19,259 |
| 2017-12-31 | 40,918 | -2,755 | 19,350 |
| 2017-09-30 | 39,842 | -10,370 | 18,755 |
| 2017-06-30 | 39,498 | 141,441 | 18,828 |
| 2017-03-31 | 40,657 | -9,919 | 20,352 |
| 2016-12-31 | 39,454 | -91,890 | 19,539 |
| 2016-09-30 | 39,158 | -56,577 | 19,222 |
| 2016-06-30 | 38,423 | -68,226 | 18,345 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
All data from Swedbank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 19.40 | 19.40 | 19.40 | 1.00 |
| 2021-12-31 | 18.59 | 21.30 | 17.10 | 15.00 |
| 2020-12-31 | 18.03 | 20.40 | 16.75 | 17.00 |
| 2019-12-31 | 17.37 | 18.04 | 16.84 | 15.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2019-03-31 | 19.16 |
| 2018-12-31 | 18.96 |
| 2018-09-30 | 19.10 |
| 2018-06-30 | 18.41 |
| 2018-03-31 | 17.29 |
| 2017-12-31 | 17.38 |
| 2017-09-30 | 16.86 |
| 2017-06-30 | 16.94 |
| 2017-03-31 | 18.32 |
| 2016-12-31 | 17.60 |
| 2016-09-30 | 17.34 |
| 2016-06-30 | 16.57 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Swedbank's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Swedbank has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Swedbank performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Swedbank's year on year earnings growth rate has been positive over the past 5 years.
- Swedbank's 1-year earnings growth exceeds its 5-year average (11.1% vs 6.6%)
- Swedbank's earnings growth has not exceeded the SE Banks industry average in the past year (11.1% vs 18.6%).
Earnings and Revenue History
All data from Swedbank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 44,287.00 | 21,399.00 | 17,153.00 | |
| 2018-12-31 | 43,701.00 | 21,162.00 | 16,954.00 | |
| 2018-09-30 | 43,979.00 | 21,309.00 | 16,541.00 | |
| 2018-06-30 | 43,103.00 | 20,527.00 | 16,464.00 | |
| 2018-03-31 | 41,164.00 | 19,259.00 | 16,212.00 | |
| 2017-12-31 | 40,918.00 | 19,350.00 | 16,000.00 | |
| 2017-09-30 | 39,842.00 | 18,755.00 | 15,807.00 | |
| 2017-06-30 | 39,498.00 | 18,828.00 | 15,738.00 | |
| 2017-03-31 | 40,657.00 | 20,352.00 | 15,665.00 | |
| 2016-12-31 | 39,454.00 | 19,539.00 | 15,516.00 | |
| 2016-09-30 | 39,158.00 | 19,222.00 | 16,000.00 | |
| 2016-06-30 | 38,423.00 | 18,345.00 | 15,915.00 | |
| 2016-03-31 | 36,580.00 | 15,773.00 | 15,993.00 | |
| 2015-12-31 | 37,030.00 | 15,733.00 | 16,218.00 | |
| 2015-09-30 | 37,062.00 | 15,706.00 | 16,440.00 | |
| 2015-06-30 | 37,873.00 | 16,329.00 | 16,721.00 | |
| 2015-03-31 | 38,528.00 | 17,000.00 | 17,435.00 | |
| 2014-12-31 | 38,389.00 | 16,709.00 | 17,472.00 | |
| 2014-09-30 | 38,983.00 | 16,571.00 | 17,455.00 | |
| 2014-06-30 | 38,349.00 | 16,196.00 | 17,304.00 | |
| 2014-03-31 | 37,276.00 | 15,306.00 | 16,655.00 | |
| 2013-12-31 | 36,878.00 | 13,519.00 | 16,490.00 | |
| 2013-09-30 | 36,457.00 | 13,281.00 | 16,385.00 | |
| 2013-06-30 | 36,111.00 | 12,789.00 | 16,300.00 | |
| 2013-03-31 | 36,307.00 | 13,802.00 | 16,292.00 | |
| 2012-12-31 | 36,453.00 | 14,294.00 | 16,420.00 | |
| 2012-09-30 | 35,304.00 | 11,834.00 | 17,529.00 | |
| 2012-06-30 | 35,121.00 | 11,614.00 | 18,511.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Swedbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Swedbank used its assets more efficiently than the SE Banks industry average last year based on Return on Assets.
- Unable to establish if Swedbank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Swedbank's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Swedbank has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Swedbank Company Filings, last reported 1 month ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 126,601.00 | 1,085,927.00 | 372,007.00 |
| 2018-12-31 | 137,609.00 | 927,719.00 | 246,680.00 |
| 2018-09-30 | 133,890.00 | 1,117,378.00 | 432,177.00 |
| 2018-06-30 | 128,272.00 | 1,251,841.00 | 578,979.00 |
| 2018-03-31 | 122,748.00 | 1,127,567.00 | 505,412.00 |
| 2017-12-31 | 133,572.00 | 992,674.00 | 301,859.00 |
| 2017-09-30 | 129,062.00 | 1,157,905.00 | 457,877.00 |
| 2017-06-30 | 124,178.00 | 1,170,889.00 | 562,554.00 |
| 2017-03-31 | 119,627.00 | 1,213,264.00 | 554,809.00 |
| 2016-12-31 | 129,705.00 | 1,037,239.00 | 283,995.00 |
| 2016-09-30 | 124,183.00 | 1,181,959.00 | 448,397.00 |
| 2016-06-30 | 119,472.00 | 1,207,619.00 | 547,929.00 |
| 2016-03-31 | 126,032.00 | 1,125,794.00 | 560,209.00 |
| 2015-12-31 | 123,342.00 | 1,074,605.00 | 481,516.00 |
| 2015-09-30 | 119,019.00 | 1,225,168.00 | 460,209.00 |
| 2015-06-30 | 114,123.00 | 1,120,655.00 | 423,282.00 |
| 2015-03-31 | 107,058.00 | 1,180,475.00 | 438,888.00 |
| 2014-12-31 | 117,373.00 | 1,126,884.00 | 496,267.00 |
| 2014-09-30 | 111,595.00 | 1,080,542.00 | 321,168.00 |
| 2014-06-30 | 107,800.00 | 1,053,988.00 | 308,375.00 |
| 2014-03-31 | 102,493.00 | 1,001,849.00 | 266,039.00 |
| 2013-12-31 | 109,705.00 | 935,007.00 | 366,800.00 |
| 2013-09-30 | 105,831.00 | 963,196.00 | 252,705.00 |
| 2013-06-30 | 101,403.00 | 971,794.00 | 334,839.00 |
| 2013-03-31 | 95,887.00 | 1,028,837.00 | 356,661.00 |
| 2012-12-31 | 103,186.00 | 1,017,869.00 | 437,253.00 |
| 2012-09-30 | 101,442.00 | 1,093,358.00 | 416,109.00 |
| 2012-06-30 | 98,544.00 | 1,037,210.00 | 301,287.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Swedbank has an acceptable proportion of non-loan assets held.
- Swedbank's liabilities are made up of primarily higher risk sources of funding.
- Swedbank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
- Swedbank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Swedbank has a low allowance for bad loans.
- Swedbank has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Swedbank's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Swedbank has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Swedbank's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
Swedbank
shares you are expected to receive
SEK198
in your first year as a dividend.
Dividend Amount
- Swedbank's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.8%).
- Swedbank's dividend is above the markets top 25% of dividend payers in Sweden (4.39%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| Europe Banks Industry Average Dividend Yield | Market Cap Weighted Average of 137 Stocks | 5.6% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 243 Stocks | 3.2% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.8% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 14.60 | 1.00 |
| 2021-12-31 | 13.77 | 16.00 |
| 2020-12-31 | 13.34 | 18.00 |
| 2019-12-31 | 12.54 | 15.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-28 | 14.200 | 9.599 |
| 2018-02-22 | 13.000 | 6.591 |
| 2018-02-06 | 13.000 | 6.416 |
| 2017-02-22 | 13.200 | 6.293 |
| 2017-02-02 | 13.200 | 5.783 |
| 2016-02-25 | 10.700 | 5.610 |
| 2015-02-23 | 11.350 | 5.889 |
| 2014-03-19 | 10.100 | 5.570 |
| 2013-01-30 | 9.900 | 6.139 |
| 2012-07-16 | 5.300 | 4.317 |
| 2012-02-14 | 5.300 | 4.930 |
| 2011-02-08 | 2.100 | 2.187 |
| 2009-10-20 | 0.000 | 0.000 |
| 2009-07-17 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Swedbank has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Swedbank only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of
Swedbank's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
Income/ dividend checks
We assess Swedbank's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Swedbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Swedbank has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 52 |
| TENURE AS CEO | 0.2 years |
CEO Bio
Mr. Anders Karlsson serves as Acting President and Chief Executive Officer of Swedbank AB (publ) since March 28, 2019. Mr. Karlsson had been the Chief Financial Officer of Swedbank AB (publ) since June 18, 2016 until 2019. Mr. Karlsson serves as Group Chief Risk Officer of "Swedbank", AB. He has been the Chief Risk Officer of Swedbank Ab (publ), Finland Branch since 2013. He served as the Chief Risk Officer of Swedbank AB (publ) from September 1, 2013 to June 10, 2016. He served as Head of Group Risk Control at Swedbank from 2004 to 2008. He served as the Chief Financial Officer of Carnegie Investment Bank from 2009 to 2010. He has more than 20 years of experience within the financial industry. He served as Chief Risk Officer and Chief Financial Officer at D. Carnegie & Co AB (publ) since October 2008 and August 2009 respectively. He served in various Management Roles in Treasury and Capital Markets at Handelsbanken from 1992 to 1998. He served in Various Management Roles within risk and Head of Economic Capital och Basel II project at Swedbank from 1999 to 2004. He served as the Head of Group Risk Control at Swedbank from 2010 to 2011. He served as the Head of Market Risk, Capital and Credit Modelling at Swedbank Group from 2011 to 2013. He served as the Head of Risk at Swedbank Treasury and Large Corporates & Institutions since 2013. He served as the Chief Risk Officer of Swedbank AB since May 2010. Mr. Karlsson served as the Chief Risk Officer of Carnegie Investment Bank from October 2008 to 2009. He has various management positions within Swedbank since 1999 and his previous experiences include Volvo Car Finance in Brussels. He served as a Member of the Council at Swedbank AS. Mr. Karlsson has B.Sc. Business and Economics from the Stockholm School of Economics. He completed MSc.
CEO Compensation
- Insufficient data for Anders to compare compensation growth.
- Insufficient data for Anders to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the Swedbank management team in years:
- The tenure for the Swedbank management team is about average.
Management Team
Anders Karlsson
Acting President & CEO
52
0.2 yrs
Niclas Olsson
Head of Group Finance & Acting CFO
0.1 yrs
Gregori Karamouzis
Head of Investor Relations (Equity and Debt)
Gabriel Rodau
Head of Group Communication
Carina Strand
Head of HR
54
1.6 yrs
Gith Bengtsson
Head of HR Channels & Concepts
55
6.3 yrs
Anders Ekedahl
Head of Group IT
58
11.3 yrs
Helo Meigas
Chief Risk Officer
53
9.7 yrs
Mikael Björknert
Chief Strategy Officer & Acting Head of Swedish Banking
52
8.8 yrs
Lars Friberg
Head of Financial Institutions
56
2.7 yrs
Board of Directors Tenure
Average tenure and age of the Swedbank board of directors in years:
- The average tenure for the Swedbank board of directors is less than 3 years, this suggests a new board.
Board of Directors
Ulrika Francke
Chairman of the Board
SEK1M
62
0.1 yrs
Siv Svensson
Independent Director
SEK1M
61
9.2 yrs
Magnus Uggla
Independent Director
SEK980K
66
2.2 yrs
Roger Ljung
Employee Representative Director
51
4.3 yrs
Bodil Eriksson
Independent Director
SEK673K
55
3.1 yrs
Peter Norman
Independent Director
SEK1M
60
3.1 yrs
Mats Granryd
Independent Director
SEK803K
56
2.2 yrs
Bo Johansson
Director
SEK800K
53
2.2 yrs
Anna Mossberg
Director
SEK673K
46
1.2 yrs
Kerstin Hermansson
Director
61
0.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Swedbank insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Feb 19 | Buy | Ola Laurin | Individual | 21. Feb 19 | 21. Feb 19 | 2,500 | SEK167.55 | SEK418,875 | ||
| 21. Feb 19 | Buy | Bosse Johansson | Individual | 21. Feb 19 | 21. Feb 19 | 1,000 | SEK168.05 | SEK168,050 | ||
| 21. Feb 19 | Buy | Anders Ekedahl | Individual | 21. Feb 19 | 21. Feb 19 | 1,500 | SEK165.80 | SEK248,700 | ||
| 20. Feb 19 | Buy | Ulrika Francke | Individual | 20. Feb 19 | 20. Feb 19 | 1,000 | SEK183.17 | SEK183,170 | ||
| 13. Feb 19 | Sell | Roger Ljung | Individual | 13. Feb 19 | 13. Feb 19 | -120 | SEK205.90 | SEK-24,689 | ||
| 01. Feb 19 | Buy | Mats Granryd | Individual | 31. Jan 19 | 31. Jan 19 | 1,000 | SEK204.30 | SEK204,300 | ||
| 29. Jan 19 | Buy | Bosse Johansson | Individual | 29. Jan 19 | 29. Jan 19 | 500 | SEK203.20 | SEK101,600 | ||
| 23. Oct 18 | Sell | Roger Ljung | Individual | 23. Oct 18 | 23. Oct 18 | -302 | SEK196.70 | SEK-59,403 | ||
| 23. Oct 18 | Buy | Lars-Erik Danielsson | Individual | 23. Oct 18 | 23. Oct 18 | 3,000 | SEK196.15 | SEK588,450 | ||
| 23. Oct 18 | Buy | Bosse Johansson | Individual | 23. Oct 18 | 23. Oct 18 | 1,000 | SEK193.90 | SEK193,900 | ||
| 08. Aug 18 | Sell | Ola Laurin | Individual | 08. Aug 18 | 08. Aug 18 | -6,930 | SEK204.81 | SEK-1,419,313 | ||
Management checks
We assess Swedbank's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Swedbank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Have Insiders Been Buying Swedbank AB (publ) (STO:SWED A) Shares This Year?
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Swedbank Swedbank Insider Transactions Over The Last Year The , Ola Laurin, made the biggest insider sale in the last 12 months. … OM:SWED A Recent Insider Trading, May 14th 2019 Swedbank is not the only stock that insiders are buying. … Swedbank Insiders Bought Stock Recently Over the last quarter, Swedbank insiders have spent a meaningful amount on shares.
Simply Wall St - – Full articleCan These Factors Give You An Edge In Swedbank AB (publ) (STO:SWED A)?
Following the crisis, a set of reforms termed Basel III was enforced to bolster risk management, regulation, and supervision in the financial services industry. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … As a large bank in SEK, SWED A is exposed to strict regulation which has focused investor attention on the type and level of risks it is subjected to, and higher scrutiny on its risk-taking behaviour.
Simply Wall St - – Full articleCompany Info
Description
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 & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services. The company also offers investments and trading services, including equity, currency, fixed income, and equity trading services, as well as structured products; advisory and investment banking products and services, such as corporate financing, debt capital market, and loans and syndication services; and transaction banking services, such as cash management, trade finance, securities, commercial payments, account, and clearing and settlement services. In addition, it provides private banking products and services, such as saving accounts, credit and debit cards, mortgage finance, and investment advice, as well as trades in derivatives; and telephone, Internet, and mobile banking services. The company has 186 branches in Sweden, 33 branches in Estonia, 33 in Latvia, and 59 in Lithuania. It also operates in Norway, Finland, Denmark, Luxembourg, China, the United States, and South Africa. The company was formerly known as ForeningsSparbanken AB and changed its name to Swedbank AB (publ) in September 2006. Swedbank AB (publ) was founded in 1820 and is headquartered in Sundbyberg, Sweden.
Details
| Name: | Swedbank AB (publ) |
| SWED A | |
| Exchange: | OM |
| Founded: | 1820 |
| SEK160,457,963,116 | |
| 1,118,173,959 | |
| Website: | http://www.swedbank.com |
| Address: |
Swedbank AB (publ) Landsvägen 40, Sundbyberg, Stockholm County, 172 63, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | SWED A | Common Shares | OMX Nordic Exchange Stockholm | SE | SEK | 09. Jun 1995 | |
| OTCPK | SWDB.F | Common Shares | Pink Sheets LLC | US | USD | 09. Jun 1995 | |
| DB | FRYA | Common Shares | Deutsche Boerse AG | DE | EUR | 09. Jun 1995 | |
| LSE | 0H6T | Common Shares | London Stock Exchange | GB | SEK | 09. Jun 1995 | |
| SWX | SWEDA | Common Shares | SIX Swiss Exchange | CH | CHF | 09. Jun 1995 | |
| BATS-CHIXE | SWEDAS | Common Shares | BATS 'Chi-X Europe' | GB | SEK | 09. Jun 1995 | |
| OTCPK | SWDB.Y | SPD ADR | Pink Sheets LLC | US | USD | 26. Jun 2003 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 20:41 |
| End of day share price update: | 2019/05/20 00:00 |
| Last estimates confirmation: | 2019/05/17 |
| Last earnings filing: | 2019/04/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
