OTCPK:DMKB.B

Stock Analysis Report

Executive Summary

Denmark Bancshares, Inc. operates as the bank holding company for Denmark State Bank that provides banking products and services to individuals and businesses in Wisconsin.


Snowflake Analysis

Proven track record with adequate balance sheet and pays a dividend.

Share Price & News

How has Denmark Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DMKB.B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.0%

DMKB.B

-7.0%

US Banks

-2.6%

US Market


1 Year Return

n/a

DMKB.B

-32.9%

US Banks

-13.3%

US Market

Return vs Industry: Insufficient data to determine how DMKB.B performed against the US Banks industry.

Return vs Market: Insufficient data to determine how DMKB.B performed against the US Market.


Shareholder returns

DMKB.BIndustryMarket
7 Day-2.0%-7.0%-2.6%
30 Day-2.0%-24.6%-15.2%
90 Dayn/a-41.9%-22.2%
1 Yearn/a-30.8%-32.9%-11.5%-13.3%
3 Yearn/a-21.4%-27.3%13.2%5.7%
5 Yearn/a2.7%-9.2%31.8%17.2%

Price Volatility Vs. Market

How volatile is Denmark Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Denmark Bancshares undervalued compared to its fair value and its price relative to the market?

17.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DMKB.B ($25) is trading above our estimate of fair value ($12.37)

Significantly Below Fair Value: DMKB.B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DMKB.B is poor value based on its PE Ratio (17.9x) compared to the Banks industry average (8.6x).

PE vs Market: DMKB.B is poor value based on its PE Ratio (17.9x) compared to the US market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DMKB.B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DMKB.B is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Denmark Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Denmark Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Denmark Bancshares performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DMKB.B has high quality earnings.

Growing Profit Margin: DMKB.B's current net profit margins (21.6%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: DMKB.B's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: DMKB.B's earnings growth over the past year (12.7%) is below its 5-year average (15% per year).

Earnings vs Industry: DMKB.B earnings growth over the past year (12.7%) exceeded the Banks industry 10.9%.


Return on Equity

High ROE: DMKB.B's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Denmark Bancshares'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: DMKB.B's level of assets compared to its equity is low.

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

Low Risk Liabilities: DMKB.B's liabilities are made up of primarily low risk sources of funding.

Loan Level: DMKB.B has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DMKB.B's loans are broadly funded by customer deposits.

Level of Bad Loans: Insufficient data to determine if DMKB.B has an appropriate level of bad loans.


Next Steps

Dividend

What is Denmark Bancshares's current dividend yield, its reliability and sustainability?

2.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DMKB.B's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (2.01%).

High Dividend: DMKB.B's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (5.66%).


Stability and Growth of Payments

Stable Dividend: DMKB.B's dividends per share have been stable in the past 10 years.

Growing Dividend: DMKB.B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.8%), DMKB.B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.1yrs

Average board tenure


CEO

Scot Thompson (56yo)

no data

Tenure

Mr. Scot G. Thompson has been Chief Executive Officer and President at Denmark Bancshares, Inc. and Denmark State Bank since May 2014. Mr. Thompson serves as Chairman at Denmark Bancshares, Inc. Mr. Thomps ...


Board Members

NamePositionTenureCompensationOwnership
Scot Thompson
Chairman of the Boardno datano data1.01% $815.1k
Jeff Greeneway
Director0.33yrno datano data
Thomas Hartman
Independent Director18.25yrsUS$20.06k1.01% $815.1k
John Olsen
Director14.25yrsUS$95.85k1.01% $815.1k
Michael Heim
Director15yrsUS$12.08k1.01% $815.1k
William Noel
Director10yrsUS$16.00k3.03% $2.4m
Tom Vande Corput
Director1yrno datano data

12.1yrs

Average Tenure

60yo

Average Age

Experienced Board: DMKB.B's board of directors are seasoned and experienced ( 12.1 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

Denmark Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Denmark Bancshares, Inc.
  • Ticker: DMKB.B
  • Exchange: OTCPK
  • Founded: 1909
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$80.689m
  • Shares outstanding: 3.20m
  • Website: https://www.denmarkstate.com

Location

  • Denmark Bancshares, Inc.
  • 103 East Main Street
  • PO Box 130
  • Denmark
  • Wisconsin
  • 54208
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DMKB.AOTCPK (Pink Sheets LLC)YesClass A Common StockUSUSDDec 2003
DMKB.BOTCPK (Pink Sheets LLC)Class B Non-Voting Common StockUSUSDAug 2016

Biography

Denmark Bancshares, Inc. operates as the bank holding company for Denmark State Bank that provides banking products and services to individuals and businesses in Wisconsin. It provides checking, savings, kid’s club, holiday club savings, and money market accounts, as well as certificates of deposits. The company also offers loans comprising hometown mortgage, conventional fixed rate mortgage, construction, home equity, consumer, mortgage crusher, real estate, and business loans; home equity line of credit; line of credit and letter of credit for businesses; and farm credit. In addition, it provides online, telephone, and mobile banking services; debit, ATM, credit, and gift cards; and cash management and retirement services. The company operates through a network of six offices primarily in Brown, Kewaunee, Manitowoc, and Outagamie counties. Denmark Bancshares, Inc. was founded in 1909 and is headquartered in Denmark, Wisconsin. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 04:46
End of Day Share Price2020/04/03 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.