OTCPK:SYAN.Y

Stock Analysis Report

Executive Summary

Sydbank A/S, together with its subsidiaries, provides various banking products and services to corporate and retail customers in Denmark and internationally.

Snowflake

Fundamentals

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:SYAN.Y

3.3%

US Banks

2.1%

US Market


1 Year Return

n/a

OTCPK:SYAN.Y

-13.8%

US Banks

-0.04%

US Market

No trading data on SYAN.Y.

No trading data on SYAN.Y.


Share holder returns

SYAN.YIndustryMarket
7 Day0%3.3%2.1%
30 Day0%-7.0%-3.2%
90 Dayn/a-2.3%2.8%
1 Yearn/a-11.3%-13.8%2.2%-0.04%
3 Year-26.5%-32.8%42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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

Sydbank's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

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

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


Price Based on Expected Growth

Sydbank earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

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


Next Steps

Future Growth

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

-8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sydbank's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Sydbank's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Sydbank's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Sydbank's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Sydbank's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Sydbank performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

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


Return on Equity

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


Return on Assets

Sydbank 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 Sydbank 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 Sydbank'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

Sydbank has an acceptable proportion of non-loan assets held.

Sydbank has a low allowance for bad loans.

Sydbank's liabilities are made up of primarily low risk sources of funding.

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

Loans at Sydbank are broadly funded by customer deposits.

Sydbank has a high level of bad loans (greater than 2%).


Next Steps

Dividend

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

5.88%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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

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

Sydbank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Sydbank only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2x coverage).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Karen Frøsig (61yo)

9.2yrs

Tenure

ø6,800,000

Compensation

Ms. Karen Frøsig has been the Chief Executive Officer of Sydbank A/S since June 1, 2010 and is its Managing Director and also served as the Head of its Legal Department. Ms. Frøsig served as a Member of Gr ...


CEO Compensation Analysis

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

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


Management Age and Tenure

5.9yrs

Average Tenure

56yo

Average Age

The average tenure for the Sydbank management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.4yrs

Average Tenure

58yo

Average Age

The tenure for the Sydbank board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Steen Sandager

    Head of Retail Clients & Private Banking

    • Tenure: 0.0yrs
  • Jess Olsen

    Head of Retail & Corporate Clients

    • Tenure: 0.0yrs
  • Karen Frøsig (61yo)

    President & CEO

    • Tenure: 9.2yrs
    • Compensation: ø6.80m
  • Jan Svarre (56yo)

    Deputy Group Chief Executive

    • Tenure: 6.3yrs
    • Compensation: ø5.10m
  • Bjarne Larsen (56yo)

    Deputy Group Chief Executive

    • Tenure: 5.9yrs
    • Compensation: ø5.20m
  • Jørn Møller

    Chief Financial Officer

    • Tenure: 4.2yrs
  • Janne Moltke-Leth (53yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: ø460.00k
  • Else Guldager

    Head of Human Resources

    • Tenure: 0.0yrs
  • Nicolai Frederiksen

    Head of Sales & Marketing

    • Tenure: 0.0yrs
  • Louise Degn-Hansen

    Head of Communication

    • Tenure: 1.6yrs

Board Members

  • Hanni Kasprzak (62yo)

    Member of Advisory Board

    • Tenure: 0.0yrs
  • Frank Nielsen (63yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: ø501.00k
  • Torben Nielsen (72yo)

    Chairman of the Board

    • Tenure: 4.4yrs
    • Compensation: ø1.34m
  • Jacob Nielsen (46yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: ø461.00k
  • Jarl Oxlund (52yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: ø407.00k
  • Janne Moltke-Leth (53yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: ø460.00k
  • Lars Mikkelgaard-Jensen (65yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: ø440.00k
  • John Lesbo (65yo)

    Vice Chairman

    • Tenure: 1.4yrs
    • Compensation: ø804.00k
  • Carsten Andersen (35yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: ø256.00k
  • Jørn Sørensen (54yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: ø256.00k

Company Information

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


Key Information

  • Name: Sydbank A/S
  • Ticker: SYAN.Y
  • Exchange: OTCPK
  • Founded: 1970
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ø6.664b
  • Listing Market Cap: ø990.980m
  • Shares outstanding: 60.03m
  • Website: https://www.sydbank.com

Number of Employees


Location

  • Sydbank A/S
  • Peberlyk 4
  • PO Box 1038
  • Aabenraa
  • Region of Southern Denmark
  • 6200
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SYDBCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
TM2BST (Boerse-Stuttgart)YesShare CapitalDEEURJan 1992
TM2DB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992
0MGELSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992
SYAN.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Sydbank A/S, together with its subsidiaries, provides various banking products and services to corporate and retail customers in Denmark and internationally. The company operates in Banking, Asset Manageme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:17
End of Day Share Price2019/07/18 00:00
Earnings2019/03/31
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.