OTCPK:DNKE.Y

Stock Analysis Report

Executive Summary

Danske Bank A/S provides various banking products and services to small and medium-sized businesses and corporate, institutional, and personal customers.

Snowflake

Fundamentals

Good value average dividend payer.

Risks

  • Danske Bank has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Danske Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

OTCPK:DNKE.Y

-1.9%

US Banks

-1.9%

US Market


1 Year Return

-56.0%

OTCPK:DNKE.Y

-16.1%

US Banks

-3.3%

US Market

DNKE.Y underperformed the Banks industry which returned -16.1% over the past year.

DNKE.Y underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

DNKE.YIndustryMarket
7 Day-2.4%-1.9%-1.9%
30 Day-12.3%-11.1%-6.2%
90 Day-20.2%-4.9%0.3%
1 Year-54.1%-56.0%-13.7%-16.1%-1.1%-3.3%
3 Year-48.9%-53.6%37.8%28.4%37.9%28.9%
5 Yearn/a49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Danske Bank undervalued based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Danske Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).

Danske Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Danske Bank is good value based on earnings compared to the US Banks industry average.

Danske Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Danske Bank is poor value based on expected growth next year.


Price Based on Value of Assets

Danske Bank is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Danske Bank expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Danske Bank's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).

Danske Bank's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).

Danske Bank's revenue growth is positive but not above the United States of America market average.

Danske Bank's earnings growth is positive but not above the United States of America market average.

Danske Bank's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Danske Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Danske Bank performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Danske Bank's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Danske Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Danske Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Danske Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Danske Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Danske Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Danske Bank'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Danske Bank has an acceptable proportion of non-loan assets held.

Danske Bank has a low allowance for bad loans.

Danske Bank's liabilities are made up of primarily higher risk sources of funding.

Danske Bank's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).

Danske Bank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).

Danske Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Danske Bank's current dividend yield, its reliability and sustainability?

9.38%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Danske Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Danske Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Whilst dividend payments have been stable, Danske Bank has been paying a dividend for less than 10 years.

Dividend payments have increased, but Danske Bank only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


Next Steps

Management

What is the CEO of Danske Bank's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Chris F. H. Vogelzang (57yo)

0.2yrs

Tenure

0

Mr. Chris F. H. H. Vogelzang has been Chief Executive Officer and Member of the Executive Board at Danske Bank A/S since June 01, 2019. Mr. Vogelzang serves as Treasurer of the Rijksmuseum and Treasurer of ...


Management Age and Tenure

1.3yrs

Average Tenure

52yo

Average Age

The average tenure for the Danske Bank management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

63yo

Average Age

The average tenure for the Danske Bank board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jim Ditmore (59yo)

    Head of Group Services & Group IT

    • Tenure: 5.3yrs
    • Compensation: ø8.70m
  • Jakob Groot (52yo)

    Head of Corporates & Institutions and Member of Executive Board

    • Tenure: 1.3yrs
    • Compensation: ø7.85m
  • Chris F. H. Vogelzang (57yo)

    CEO & Member of Executive Board

    • Tenure: 0.2yrs
  • Jacob Aarup-Andersen (42yo)

    Head of Wealth Management & Member of Executive Board

    • Tenure: 3.3yrs
    • Compensation: ø9.00m
  • Glenn Söderholm (55yo)

    Interim Head of Banking DK

    • Tenure: 5.8yrs
    • Compensation: ø8.90m
  • Claus Jensen

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Philippe Vollot (52yo)

    Member of the Executive Board & Chief Compliance Officer

    • Tenure: 0.8yrs
    • Compensation: ø11.20m
  • Christian Baltzer (41yo)

    CFO & Member of Executive Board

    • Tenure: 0.8yrs
    • Compensation: ø3.10m
  • Carsten Egeriis (43yo)

    Head of Group Risk Management & Member of Executive Board

    • Tenure: 2.0yrs
    • Compensation: ø7.90m
  • Frederik Christian Vinten (40yo)

    Head of Group Development & Member of Executive Board

    • Tenure: 1.3yrs
    • Compensation: ø5.16m

Board Members

  • Sten Scheibye (68yo)

    Member of Advisory Board

    • Tenure: 0.0yrs
  • Birgit Aagaard-Svendsen (63yo)

    Member of Advisory Board

    • Tenure: 0.0yrs
  • Trond Westlie (58yo)

    Member of Advisory Board

    • Tenure: 0.0yrs
  • Carol Sergeant (67yo)

    Vice Chairman of the Board

    • Tenure: 1.4yrs
  • Lars-Erik Brenøe (58yo)

    Non-independent Director

    • Tenure: 3.4yrs
  • Jan Nielsen

    Vice Chairman of the Board

    • Tenure: 0.7yrs
  • Mads Jacobsen (67yo)

    Senior EVP & Chairman of Board of Directors of Baltic Units

    • Tenure: 0.0yrs
  • Gert Kjeldsen (62yo)

    Member of Advisory Board

    • Tenure: 0.0yrs
  • Jens Due Olsen (56yo)

    Independent Director

    • Tenure: 1.4yrs
  • Karsten Dybvad (63yo)

    Chairman of the Board

    • Tenure: 0.7yrs

Company Information

Danske Bank A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Danske Bank A/S
  • Ticker: DNKE.Y
  • Exchange: OTCPK
  • Founded: 1871
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ø76.164b
  • Listing Market Cap: ø11.378b
  • Shares outstanding: 854.04m
  • Website: https://www.danskebank.com

Number of Employees


Location

  • Danske Bank A/S
  • Holmens Kanal 2-12
  • Copenhagen K
  • Copenhagen
  • Capital Region of Denmark
  • 1092
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DNSK.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDJan 1992
DANSKECPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
DSNDB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992
0NVCLSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992
DANSKCBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKJan 1992
DANSWBAG (Wiener Boerse AG)YesShare CapitalATEURJan 1992
DNKE.YOTCPK (Pink Sheets LLC)ADRUSUSDFeb 2016

Biography

Danske Bank A/S provides various banking products and services to small and medium-sized businesses and corporate, institutional, and personal customers. It operates through Banking DK, Banking Nordic, Cor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 01:01
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
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.