OTCPK:SKVK.Y

Stock Analysis Report

Skandinaviska Enskilda Banken AB (publ.)

Executive Summary

Skandinaviska Enskilda Banken AB (publ.) provides corporate, retail, investment, and private banking services in Sweden and internationally.

Snowflake

Fundamentals

Average dividend payer and slightly overvalued.


Similar Companies

Share Price & News

How has Skandinaviska Enskilda Banken AB (publ.)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.3%

OTCPK:SKVK.Y

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-18.5%

OTCPK:SKVK.Y

-14.2%

US Banks

-0.4%

US Market

SKVK.Y underperformed the Banks industry which returned -14.2% over the past year.

SKVK.Y underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

SKVK.YIndustryMarket
7 Day-3.3%-2.6%-1.0%
30 Day-13.1%-6.3%-3.3%
90 Day-5.8%-3.5%0.8%
1 Year-13.8%-18.5%-11.8%-14.2%1.9%-0.4%
3 Year8.9%-7.1%42.2%32.4%39.4%30.4%
5 Year-15.9%-34.1%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Skandinaviska Enskilda Banken AB (publ.)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Skandinaviska Enskilda Banken AB (publ.) undervalued based on future cash flows and its price relative to the stock market?

16%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Skandinaviska Enskilda Banken AB (publ.)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).

Skandinaviska Enskilda Banken AB (publ.)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Skandinaviska Enskilda Banken AB (publ.) is good value based on earnings compared to the US Banks industry average.

Skandinaviska Enskilda Banken AB (publ.) is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Skandinaviska Enskilda Banken AB (publ.) is poor value based on expected growth next year.


Price Based on Value of Assets

Skandinaviska Enskilda Banken AB (publ.) is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Skandinaviska Enskilda Banken AB (publ.) expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Skandinaviska Enskilda Banken AB (publ.)'s revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).

Skandinaviska Enskilda Banken AB (publ.)'s earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).

Skandinaviska Enskilda Banken AB (publ.)'s revenue growth is positive but not above the United States of America market average.

Skandinaviska Enskilda Banken AB (publ.)'s earnings growth is positive but not above the United States of America market average.

Skandinaviska Enskilda Banken AB (publ.)'s earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Skandinaviska Enskilda Banken AB (publ.) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Skandinaviska Enskilda Banken AB (publ.) performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Skandinaviska Enskilda Banken AB (publ.)'s year on year earnings growth rate has been positive over the past 5 years.

Skandinaviska Enskilda Banken AB (publ.)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.

Skandinaviska Enskilda Banken AB (publ.)'s 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Skandinaviska Enskilda Banken AB (publ.) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Skandinaviska Enskilda Banken AB (publ.) 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 Skandinaviska Enskilda Banken AB (publ.) 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 Skandinaviska Enskilda Banken AB (publ.)'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

Skandinaviska Enskilda Banken AB (publ.) has an acceptable proportion of non-loan assets held.

Unable to establish if Skandinaviska Enskilda Banken AB (publ.) has a sufficient allowance for bad loans without relevant financial data.

Skandinaviska Enskilda Banken AB (publ.)'s liabilities are made up of primarily higher risk sources of funding.

Skandinaviska Enskilda Banken AB (publ.)'s level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).

Skandinaviska Enskilda Banken AB (publ.) has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).

Skandinaviska Enskilda Banken AB (publ.) has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Skandinaviska Enskilda Banken AB (publ.)'s current dividend yield, its reliability and sustainability?

8.27%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Skandinaviska Enskilda Banken AB (publ.)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Skandinaviska Enskilda Banken AB (publ.)'s dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Skandinaviska Enskilda Banken AB (publ.) has been paying a dividend for less than 10 years.

Dividend payments have increased, but Skandinaviska Enskilda Banken AB (publ.) only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.3x coverage).


Next Steps

  • Explore strong dividend paying companies in the banks industry.

Management

What is the CEO of Skandinaviska Enskilda Banken AB (publ.)'s salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Johan Torgeby (45yo)

2.4yrs

Tenure

kr16,430,000

Compensation

Mr. Johan Torgeby has been the Chief Executive Officer and President at Skandinaviska Enskilda Banken AB (publ) since March 29, 2017. Mr. Torgeby served as Co-Head of Division Large Corporates & Financial  ...


CEO Compensation Analysis

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

Johan's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

2.8yrs

Average Tenure

47yo

Average Age

The tenure for the Skandinaviska Enskilda Banken AB (publ.) management team is about average.


Board Age and Tenure

5.9yrs

Average Tenure

59.5yo

Average Age

The tenure for the Skandinaviska Enskilda Banken AB (publ.) board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ainar Leppänen (47yo)

    Head of Retail & Banking Technology and Member of Management Board

    • Tenure: 3.3yrs
  • Johan Torgeby (45yo)

    President

    • Tenure: 2.4yrs
    • Compensation: SEK16.43m
  • Christoffer Geijer

    Head of Investor Relations

    • Tenure: 1.3yrs
  • Ausra Matuseviciene (46yo)

    Head of Operations

    • Tenure: 4.6yrs
  • Gent Jansson

    Head of Group Compliance

  • Nina Korfu-Pedersen (46yo)

    Head of Group Finance

    • Tenure: 3.6yrs
  • John Abrahamson (61yo)

    Head of Corporate Finance Unit

    • Tenure: 14.2yrs
  • Nicholas Moch (47yo)

    Chief Information Officer

    • Tenure: 1.6yrs
  • Petra Ålund (52yo)

    Head of Technology

    • Tenure: 0.6yrs
  • Hans Ragnhäll

    Company Legal Officer


Board Members

  • Sven Nyman (60yo)

    Vice Chairman of the Board

    • Tenure: 2.4yrs
    • Compensation: SEK930.00k
  • Håkan Westerberg (51yo)

    Director

    • Tenure: 4.6yrs
  • Johan Torgeby (45yo)

    President

    • Tenure: 2.4yrs
    • Compensation: SEK16.43m
  • Winnie Fok (63yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: SEK965.00k
  • Johan Andresen (58yo)

    Director

    • Tenure: 8.4yrs
    • Compensation: SEK700.00k
  • Signhild Hansen (59yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: SEK1.09m
  • Samir Brikho (61yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: SEK1.05m
  • Jens Ovesen (62yo)

    Vice Chairman of the Board

    • Tenure: 5.4yrs
    • Compensation: SEK1.75m
  • Helena Saxon (49yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: SEK1.13m
  • Marcus Wallenberg (63yo)

    Chairman of the Board

    • Tenure: 14.3yrs
    • Compensation: SEK3.75m

Company Information

Skandinaviska Enskilda Banken AB (publ.)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Skandinaviska Enskilda Banken AB (publ.)
  • Ticker: SKVK.Y
  • Exchange: OTCPK
  • Founded: 1856
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: kr180.516b
  • Listing Market Cap: kr18.680b
  • Shares outstanding: 2.16b
  • Website: Click here

Number of Employees


Location

  • Skandinaviska Enskilda Banken AB (publ.)
  • Kungsträdgårdsgatan 8
  • Stockholm
  • Stockholm County
  • 106 40
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEB AOM (OMX Nordic Exchange Stockholm)YesSeries A SharesSESEKJan 1980
0HBYLSE (London Stock Exchange)YesSeries A SharesGBSEKJan 1980
SEBASBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBSEKJan 1980
SVKE.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDJan 1980
SEBADB (Deutsche Boerse AG)YesSeries A SharesDEEURJan 1980
SKVK.YOTCPK (Pink Sheets LLC)SPONADR REPSHS AUSUSDNov 2013
0GUXLSE (London Stock Exchange)Series C SharesGBSEKAug 1992
SEBCSBATS-CHIXE (BATS 'Chi-X Europe')Series C SharesGBSEKAug 1992
SEBCDB (Deutsche Boerse AG)Series C SharesDEEURAug 1992
SEB COM (OMX Nordic Exchange Stockholm)Series C SharesSESEKAug 1992

Biography

Skandinaviska Enskilda Banken AB (publ.) provides corporate, retail, investment, and private banking services in Sweden and internationally. It operates through Large Corporates & Financial Institutions, C ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:41
End of Day Share Price2019/08/16 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.