Financials Danske Bank A/S

Equities

DANSKE

DK0010274414

Banks

Market Closed - Nasdaq Copenhagen 08:29:57 26/04/2024 pm IST 5-day change 1st Jan Change
202.8 DKK +0.10% Intraday chart for Danske Bank A/S -0.05% +12.42%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 92,042 85,818 96,358 1,16,798 1,54,937 1,73,247 - -
Enterprise Value (EV) 1 92,042 85,818 96,358 1,16,798 1,54,937 1,73,247 1,73,247 1,73,247
P/E ratio 6.46 x 21.4 x 7.74 x -22.9 x 7.3 x 8.29 x 7.79 x 7.25 x
Yield 7.88% 1.99% 6.64% - 8.04% 7.47% 7.8% 8.37%
Capitalization / Revenue 2.05 x 2.02 x 2.26 x 2.83 x 2.95 x 3.12 x 3.1 x 3.05 x
EV / Revenue 2.05 x 2.02 x 2.26 x 2.83 x 2.95 x 3.12 x 3.1 x 3.05 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.59 x 0.54 x 0.56 x 0.73 x 0.88 x 0.92 x 0.88 x 0.83 x
Nbr of stocks (in thousands) 8,53,820 8,52,639 8,53,105 8,50,681 8,58,852 8,54,276 - -
Reference price 2 107.8 100.6 113.0 137.3 180.4 202.8 202.8 202.8
Announcement Date 05/02/20 04/02/21 03/02/22 02/02/23 02/02/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,982 42,383 42,584 41,203 52,445 55,540 55,943 56,793
EBITDA - - - - - - - -
EBIT 1 17,434 13,901 16,921 14,725 27,031 29,769 30,359 30,228
Operating Margin 38.76% 32.8% 39.74% 35.74% 51.54% 53.6% 54.27% 53.23%
Earnings before Tax (EBT) 1 13,822 6,304 16,571 -2,284 26,682 27,492 28,265 28,809
Net income 1 14,285 4,038 12,469 -5,153 21,262 20,410 20,455 20,628
Net margin 31.76% 9.53% 29.28% -12.51% 40.54% 36.75% 36.56% 36.32%
EPS 2 16.70 4.700 14.60 -6.000 24.70 24.45 26.03 27.95
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 8.500 2.000 7.500 - 14.50 15.15 15.81 16.97
Announcement Date 05/02/20 04/02/21 03/02/22 02/02/23 02/02/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 10,218 11,076 10,327 8,746 9,767 12,362 13,411 12,176 13,031 13,827 14,036 14,036 13,894 13,982 14,303
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,114 4,286 3,955 2,325 -12,637 5,454 7,131 5,838 6,827 7,235 7,640 7,788 7,674 7,265 8,010
Operating Margin 40.26% 38.7% 38.3% 26.58% -129.38% 44.12% 53.17% 47.95% 52.39% 52.33% 54.43% 55.48% 55.23% 51.96% 56%
Earnings before Tax (EBT) 1 4,270 4,500 3,707 2,164 -13,033 4,877 6,954 6,018 6,475 7,235 7,410 7,239 7,056 6,556 7,590
Net income 1 3,217 3,551 2,765 1,835 -13,792 4,174 5,167 5,011 5,319 5,765 5,462 5,302 5,191 4,882 5,305
Net margin 31.48% 32.06% 26.77% 20.98% -141.21% 33.76% 38.53% 41.15% 40.82% 41.69% 38.91% 37.78% 37.36% 34.92% 37.09%
EPS 2 3.800 4.200 3.200 2.000 -16.20 4.900 6.000 5.800 6.200 6.700 6.425 6.238 6.180 5.775 6.762
Dividend per Share 2 - 7.500 - - - - - 7.000 - 7.500 - - - 15.01 -
Announcement Date 29/10/21 03/02/22 29/04/22 21/07/22 27/10/22 02/02/23 28/04/23 21/07/23 27/10/23 02/02/24 - - - - -
1DKK in Million2DKK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.6% 2.6% 7.6% -3.1% 12.7% 11.7% 11.6% 11.7%
ROA (Net income/ Total Assets) 0.39% 0.1% 0.3% -0.13% 0.56% 0.55% 0.55% 0.55%
Assets 1 36,69,784 39,35,673 41,56,333 38,48,394 37,80,583 37,23,033 37,46,379 37,50,483
Book Value Per Share 2 183.0 188.0 201.0 188.0 204.0 221.0 231.0 243.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 05/02/20 04/02/21 03/02/22 02/02/23 02/02/24 - - -
1DKK in Million2DKK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
202.8 DKK
Average target price
219.8 DKK
Spread / Average Target
+8.37%
Consensus
  1. Stock Market
  2. Equities
  3. DANSKE Stock
  4. Financials Danske Bank A/S