Financials Danske Bank LIQUIDNET SYSTEMS

Equities

DANSKE

DK0010274414

Banks

Delayed LIQUIDNET SYSTEMS 08:20:29 2018-10-09 am EDT 5-day change 1st Jan Change
142 DKK -2.14% Intraday chart for Danske Bank -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 92,042 85,818 96,358 116,798 154,937 171,517 - -
Enterprise Value (EV) 1 92,042 85,818 96,358 116,798 154,937 171,517 171,517 171,517
P/E ratio 6.46 x 21.4 x 7.74 x -22.9 x 7.3 x 8.17 x 7.84 x 7.35 x
Yield 7.88% 1.99% 6.64% - 8.04% 7.37% 7.63% 8.16%
Capitalization / Revenue 2.05 x 2.02 x 2.26 x 2.83 x 2.95 x 3.1 x 3.09 x 3.05 x
EV / Revenue 2.05 x 2.02 x 2.26 x 2.83 x 2.95 x 3.1 x 3.09 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 0.87 x 0.83 x
Nbr of stocks (in thousands) 853,820 852,639 853,105 850,681 858,852 852,893 - -
Reference price 2 107.8 100.6 113.0 137.3 180.4 201.1 201.1 201.1
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/2/24 - - -
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 55,245 55,473 56,313
EBITDA - - - - - - - -
EBIT 1 17,434 13,901 16,921 14,725 27,031 29,641 30,156 30,095
Operating Margin 38.76% 32.8% 39.74% 35.74% 51.54% 53.65% 54.36% 53.44%
Earnings before Tax (EBT) 1 13,822 6,304 16,571 -2,284 26,682 27,989 27,787 28,418
Net income 1 14,285 4,038 12,469 -5,153 21,262 20,513 20,201 20,322
Net margin 31.76% 9.53% 29.28% -12.51% 40.54% 37.13% 36.42% 36.09%
EPS 2 16.70 4.700 14.60 -6.000 24.70 24.61 25.64 27.36
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 8.500 2.000 7.500 - 14.50 14.83 15.35 16.40
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/2/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 11,076 10,327 8,746 9,767 12,362 13,411 12,176 13,031 13,827 13,955 13,721 13,879 14,081 14,132 14,123
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,286 3,955 2,325 -12,637 5,454 7,131 5,838 6,827 7,235 7,618 7,348 7,768 7,404 7,744 7,717
Operating Margin 38.7% 38.3% 26.58% -129.38% 44.12% 53.17% 47.95% 52.39% 52.33% 54.59% 53.56% 55.97% 52.59% 54.8% 54.64%
Earnings before Tax (EBT) 1 4,500 3,707 2,164 -13,033 4,877 6,954 6,018 6,475 7,235 7,517 6,902 7,112 6,740 7,396 7,368
Net income 1 3,551 2,765 1,835 -13,792 4,174 5,167 5,011 5,319 5,765 5,629 5,153 5,246 4,961 5,337 5,321
Net margin 32.06% 26.77% 20.98% -141.21% 33.76% 38.53% 41.15% 40.82% 41.69% 40.34% 37.56% 37.8% 35.23% 37.76% 37.68%
EPS 2 4.200 3.200 2.000 -16.20 4.900 6.000 5.800 6.200 6.700 6.500 6.030 6.148 5.790 6.638 6.677
Dividend per Share 2 7.500 - - - - - 7.000 - 7.500 - - - 14.91 - -
Announcement Date 2/3/22 4/29/22 7/21/22 10/27/22 2/2/23 4/28/23 7/21/23 10/27/23 2/2/24 5/3/24 - - - - -
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% 12% 11.4% 11.4%
ROA (Net income/ Total Assets) 0.39% 0.1% 0.3% -0.13% 0.56% 0.57% 0.55% 0.55%
Assets 1 3,669,784 3,935,673 4,156,333 3,848,394 3,780,583 3,587,785 3,668,900 3,696,191
Book Value Per Share 2 183.0 188.0 201.0 188.0 204.0 219.0 230.0 242.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/2/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
201.1 DKK
Average target price
219.2 DKK
Spread / Average Target
+9.02%
Consensus
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