OTCPK:NRDB.Y

Stock Analysis Report

Executive Summary

Nordea Bank Abp provides various banking products and services for personal customers, small and medium businesses, and corporates and financial institutions in Europe.

Snowflake

Fundamentals

Established dividend payer and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

OTCPK:NRDB.Y

3.3%

US Banks

2.1%

US Market


1 Year Return

-41.6%

OTCPK:NRDB.Y

-13.8%

US Banks

-0.04%

US Market

NRDB.Y underperformed the Banks industry which returned -14.8% over the past year.

NRDB.Y underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

NRDB.YIndustryMarket
7 Day1.5%3.3%2.1%
30 Day-8.5%-7.0%-3.2%
90 Day-15.6%-2.3%2.8%
1 Year-37.8%-41.6%-11.3%-13.8%2.2%-0.04%
3 Year-20.9%-33.3%42.5%32.7%41.5%32.3%
5 Year-37.4%-52.2%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

9.85x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Nordea Bank Abp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Nordea Bank Abp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

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


Price Based on Expected Growth

Nordea Bank Abp is poor value based on expected growth next year.


Price Based on Value of Assets

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


Next Steps

Future Growth

How is Nordea Bank Abp expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Nordea Bank Abp's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

Nordea Bank Abp's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).

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

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

Nordea Bank Abp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Nordea Bank Abp performed over the past 5 years?

-3.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nordea Bank Abp's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

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

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


Return on Equity

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


Return on Assets

Nordea Bank Abp 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 Nordea Bank Abp 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 Nordea Bank Abp'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

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

Nordea Bank Abp has a low allowance for bad loans.

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

Nordea Bank Abp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

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

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


Next Steps

Dividend

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

9.96%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Nordea Bank Abp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Nordea Bank Abp's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Casper von Koskull (59yo)

3.8yrs

Tenure

€2,431,912

Compensation

Mr. Casper von Koskull has been the Group Chief Executive Officer of Nordea Bank Abp since November 1, 2015 and has been its President since November 5, 2015. Mr. von Koskull has been a Member of Group Exe ...


CEO Compensation Analysis

Casper's remuneration is lower than average for companies of similar size in United States of America.

Casper's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.5yrs

Average Tenure

54yo

Average Age

The tenure for the Nordea Bank Abp management team is about average.


Board Age and Tenure

2.4yrs

Average Tenure

54.5yo

Average Age

The average tenure for the Nordea Bank Abp 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

  • Eady Elderfield (53yo)

    Chief Risk Officer and Head of Group Risk & Compliance

    • Tenure: 0.0yrs
  • Rodney Alfvén

    Head of Investor Relations

    • Tenure: 9.8yrs
  • Sara Helweg-Larsen

    Head of Group Communications

    • Tenure: 2.3yrs
  • Torsten Jørgensen (54yo)

    Head of Group Corporate Centre

    • Tenure: 3.8yrs
    • Compensation: €2.44m
  • Casper von Koskull (59yo)

    President & Group CEO

    • Tenure: 3.8yrs
    • Compensation: €2.43m
  • Chris Rees (47yo)

    Group CFO

    • Tenure: 1.4yrs
  • Karen Tobiasen (54yo)

    Chief People Officer & Head of Group Human Resources

    • Tenure: 0.0yrs
  • Paul Bari

    Group CIO and Head of Group Technology

    • Tenure: 2.5yrs
  • Jussi Koskinen

    Chief Legal Officer

    • Tenure: 0.9yrs
  • Mikkel Rørvig

    Head of Investments

    • Tenure: 0.0yrs

Board Members

  • Kari Alpo Jordan (63yo)

    Vice Chairman

    • Tenure: 0.6yrs
  • Birger Steen (53yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: €140.47k
  • Torbjörn Magnusson (56yo)

    Chairman

    • Tenure: 0.4yrs
    • Compensation: €91.55k
  • Pernille Erenbjerg (52yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: €121.43k
  • Sarah Russell (57yo)

    Director

    • Tenure: 9.4yrs
    • Compensation: €140.47k
  • Robin Lawther (58yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: €127.88k
  • Hans Krogh Riise (58yo)

    Employee Representative Director

    • Tenure: 6.6yrs
  • Maria Varsellona (49yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: €121.43k
  • Gerhard Olsson (41yo)

    Employee Representative Director

    • Tenure: 1.6yrs
  • Nigel Hinshelwood (53yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: €120.82k

Company Information

Nordea Bank Abp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nordea Bank Abp
  • Ticker: NRDB.Y
  • Exchange: OTCPK
  • Founded: 1820
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: kr243.882b
  • Listing Market Cap: kr25.233b
  • Shares outstanding: 4.03b
  • Website: https://www.nordea.com

Number of Employees


Location

  • Nordea Bank Abp
  • Satamaradankatu 5
  • Nordea
  • Helsinki
  • Uusimaa
  • 20
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NDA DKCPSE (OMX Nordic Exchange Copenhagen)YesNew Ordinary SharesDKDKKDec 1997
NDA SEOM (OMX Nordic Exchange Stockholm)YesNew Ordinary SharesSESEKDec 1997
NDA FIHLSE (OMX Nordic Exchange Helsinki)YesNew Ordinary SharesFIEURDec 1997
NDBSWX (SIX Swiss Exchange)YesNew Ordinary SharesCHCHFDec 1997
NDACBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBEURDec 1997
04QBST (Boerse-Stuttgart)YesNew Ordinary SharesDEEURDec 1997
0N4TLSE (London Stock Exchange)YesNew Ordinary SharesGBSEKDec 1997
NBNK.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDDec 1997
NDA NBMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNDec 1997
NRDB.YOTCPK (Pink Sheets LLC)SPONSORED ADSUSUSDOct 2008

Biography

Nordea Bank Abp provides various banking products and services for personal customers, small and medium businesses, and corporates and financial institutions in Europe. It operates through Personal Banking ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:09
End of Day Share Price2019/08/22 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.