Danske Bank AS DANSKE

Morningstar Rating
DKK 367.80 +3.70 (1.02%)
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Company Report

A Clear Strategic Focus Will Support Structurally Higher Profitability at Danske

Danske has been through a tumultuous decade, which saw it settle a $2 billion lawsuit with the US Department of Justice, leave the Baltic countries, refocus on the Nordics, and reduce its exposure to oil and gas borrowers. Now, the bank is finding its footing again, supported by a clear strategic focus. As a result, profitability has increased, despite inflated costs due to higher expenses related to improved anti-money-laundering processes.

Price vs Fair Value

DANSKE is trading at a LOCK|d<&H#S premium.
Price
DKK 367.80
Fair Value
LOCK|X&
Uncertainty
LOCK|w$>%%
1-Star Price
LOCK|<h
5-Star Price
Bsg
Economic Moat
LOCK|t?&Sb
Capital Allocation
LOCK|KN#^BN$

Bulls Say, Bears Say

Bulls

Danske has turned the page on its anti-money-laundering issue, which should allow for a greater focus on profitability.

Bears

After years of cost inflation from higher anti-money-laundering processes costs, the bank is lagging Nordic peers in operational efficiency.

News

Trading Information

Previous Close Price
DKK 364.10
Day Range
DKK 360.40–367.80
52-Week Range
DKK 267.40–383.70
Bid/Ask
DKK 366.70 / DKK 366.90
Shares Outstanding
805.69M
Market Cap
DKK 296.45B
Volume/Avg
1M / 820,551

Key Statistics

Price/Earnings (Normalized)
12.11
Price/Sales
5.15
Dividend Yield (Trailing)
4.61%
Dividend Yield (Forward)
4.61%
Dividend Payment Schedule
Mar
Total Yield
6.24%

Company Profile

Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 24% in lending and 27% in deposits. It operates through 144 branches in Denmark, Finland, Sweden, Norway, and Northern Ireland.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Large Value
Total Number of Employees
19,724

Competitors

Valuation

Metric
DANSKE
SEB A
SHB A
Price/Earnings (Normalized)
12.1114.1112.75
Price/Book Value
1.761.981.69
Price/Sales
5.155.995.32
Price/Cash Flow
11.1311.5511.11
Price/Earnings
DANSKE
SEB A
SHB A

Financial Strength

Metric
DANSKE
SEB A
SHB A
Quick Ratio
———
Current Ratio
———
Interest Coverage
———
Quick Ratio
No chart available

Profitability

Metric
DANSKE
SEB A
SHB A
Return on Assets (Normalized)
0.64%0.79%0.64%
Return on Equity (Normalized)
13.92%14.37%12.70%
Return on Invested Capital (Normalized)
———
Return on Assets
DANSKE
SEB A
SHB A

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