(ALSYDB) AL Sydbank - CO
Sector: Financial Services | Industry: Banks - Regional | Exchange: CO (Denmark) | Market Cap: 47.309m DKK | Total Return: 34.7% in 12m
Avg Turnover: 85.0M
EPS Trend: 40.3%
Qual. Beats: 0
Rev. Trend: 91.0%
Warnings
Share dilution 67.4% YoY
Choppy
Tailwinds
No distinct edge detected
AL Sydbank A/S is a Danish financial institution headquartered in Aabenraa. The company provides a comprehensive range of retail and corporate banking services, including deposit taking, lending, asset management, and securities trading. Its operational structure is divided into Banking, Asset Management, Markets, and Treasury segments, serving a client base that ranges from individual retail customers to institutional investors and foundations.
The firm operates within the diversified banking sector, where revenue is primarily generated through net interest income from loans and fee-based income from advisory and investment services. As a distributor of mortgage credit products and insurance, the bank functions as a financial intermediary, a model common in the Danish market where specialized mortgage credit institutions often partner with commercial banks for distribution.
The organization underwent a corporate name change from Sydbank A/S to AL Sydbank A/S in December 2025. In addition to standard commercial banking, the company maintains market-making obligations and provides specialized economic and equity research, facilitating liquidity in bonds, shares, and foreign exchange markets for central banks and other global financial entities.
- Net interest margin compresses as Danish central bank follows ECB rate cuts
- Corporate lending demand softens amid slowing Danish macroeconomic growth
- Asset management fee income stabilizes on resilient Nordic equity market performance
- Strong capital ratios support continued share buybacks and high dividend payouts
| Net Income: 993.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.41 > 1.0 |
| NWC/Revenue: -5.48k% < 20% (prev -4.62k%; Δ -856.5% < -1%) |
| CFO/TA 0.02 > 3% & CFO 6.76b > Net Income 993.3m |
| Net Debt (-8.32b) to EBITDA (1.43b): -5.84 < 3 |
| Current Ratio: 0.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.7m) vs 12m ago 67.38% < -2% |
| Gross Margin: 64.78% > 18% (prev 20.02%; Δ 44.76% > 0.5%) |
| Asset Turnover: 1.64% > 50% (prev 1.56%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 0.84 > 6 (EBIT TTM 1.30b / Interest Expense TTM 1.55b) |
| A: -0.70 (Total Current Assets 34.4b - Total Current Liabilities 275b) / Total Assets 345b |
| B: 0.09 (Retained Earnings 31.8b / Total Assets 345b) |
| C: 0.00 (EBIT TTM 1.30b / Avg Total Assets 268b) |
| D: 0.12 (Book Value of Equity 35.9b / Total Liabilities 309b) |
| Altman-Z'' = -4.12 = D |
| DSRI: 1.55 (Receivables 1.22b/536.0m, Revenue 4.39b/2.99b) |
| GMI: 0.31 (GM 20.02% / 64.78%) |
| AQI: 0.99 (AQ_t 0.89 / AQ_t-1 0.90) |
| SGI: 1.47 (Revenue 4.39b / 2.99b) |
| TATA: -0.02 (NI 993.3m - CFO 6.76b) / TA 345b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at DKK 566.50 with a total of 464,953 shares traded.
Over the past week, the price has changed by +6.17%,
over one month by +4.87%,
over three months by +11.67% and
over the past year by +34.73%.
AL Sydbank has no consensus analysts rating.
P/E Trailing = 17.6499
P/E Forward = 17.9211
P/S = 4.9767
P/B = 1.3267
P/EG = -2.25
Revenue TTM = 4.39b DKK
EBIT TTM = 1.30b DKK
EBITDA TTM = 1.43b DKK
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 24.2b DKK (from shortLongTermDebtTotal, last quarter)
Net Debt = -8.32b DKK (calculated: Debt 24.2b - CCE 32.5b)
Enterprise Value = 39.0b DKK (47.3b + Debt 24.2b - CCE 32.5b)
Interest Coverage Ratio = 0.84 (Ebit TTM 1.30b / Interest Expense TTM 1.55b)
EV/FCF = 5.84x (Enterprise Value 39.0b / FCF TTM 6.67b)
FCF Yield = 17.11% (FCF TTM 6.67b / Enterprise Value 39.0b)
FCF Margin = 151.8% (FCF TTM 6.67b / Revenue TTM 4.39b)
Net Margin = 22.60% (Net Income TTM 993.3m / Revenue TTM 4.39b)
Gross Margin = 64.78% ((Revenue TTM 4.39b - Cost of Revenue TTM 1.55b) / Revenue TTM)
Gross Margin QoQ = 87.44% (prev 78.21%)
Tobins Q-Ratio = 0.11 (Enterprise Value 39.0b / Total Assets 345b)
Interest Expense / Debt = 6.40% (Interest Expense 1.55b / Debt 24.2b)
Taxrate = 24.09% (310.7m / 1.29b)
NOPAT = 990.3m (EBIT 1.30b * (1 - 24.09%))
Current Ratio = 0.13 (Total Current Assets 34.4b / Total Current Liabilities 275b)
Debt / Equity = 0.67 (Debt 24.2b / totalStockholderEquity, last quarter 35.9b)
Debt / EBITDA = -5.84 (Net Debt -8.32b / EBITDA 1.43b)
Debt / FCF = -1.25 (Net Debt -8.32b / FCF TTM 6.67b)
Total Stockholder Equity = 22.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.37% (Net Income 993.3m / Total Assets 345b)
RoE = 4.33% (Net Income TTM 993.3m / Total Stockholder Equity 22.9b)
RoCE = 1.87% (EBIT 1.30b / Capital Employed (Total Assets 345b - Current Liab 275b))
RoIC = 1.42% (NOPAT 990.3m / Invested Capital 69.6b)
WACC = 6.29% (E(47.3b)/V(71.5b) * Re(7.02%) + D(24.2b)/V(71.5b) * Rd(6.40%) * (1-Tc(0.24)))
Discount Rate = 7.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -28.89 | Cagr: 21.70%
[DCF] Terminal Value 77.97% ; FCFF base≈5.80b ; Y1≈6.65b ; Y5≈9.78b
[DCF] Fair Price = 1.83k (EV 147b - Net Debt -8.32b = Equity 156b / Shares 85.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 40.35 | EPS CAGR: 5.16% | SUE: -0.25 | # QB: 0
Revenue Correlation: 91.04 | Revenue CAGR: 80.74% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=11.62 | Chg30d=-7.07% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=13.80 | Chg30d=+0.73% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=48.87 | Chg30d=+0.00% | Revisions=+43% | GrowthEPS=-6.6% | GrowthRev=+68.4%
EPS next Year (2027-12-31): EPS=61.56 | Chg30d=+4.88% | Revisions=+43% | GrowthEPS=+26.0% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +43%