(DANSKE) Danske Bank - CO
Sector: Financial Services | Industry: Banks - Regional | Exchange: CO (Denmark) | Market Cap: 278.720m DKK | Total Return: 48.9% in 12m
Avg Turnover: 330M
EPS Trend: 52.0%
Qual. Beats: 0
Rev. Trend: 47.6%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Confidence
Danske Bank A/S is a Copenhagen-based financial institution providing universal banking services across the Nordic region, Northern Europe, and the United States. Its operations encompass retail and private banking, mortgage finance, asset management, and investment banking for corporate and institutional clients.
The company utilizes a diversified business model that integrates traditional lending with insurance and pension products to generate multi-stream fee and interest income. As a systemic bank in the Nordic region, it operates within a highly consolidated banking sector characterized by advanced digital infrastructure and high levels of household mortgage debt.
Founded in 1871, the firm manages a broad geographic footprint including major markets in Denmark, Sweden, Norway, and Finland. Its service delivery relies on a hybrid strategy of physical brokerage and advisory services supplemented by integrated mobile and online banking platforms.
- Net interest income sensitivity to Danish and Eurozone interest rate cycles
- Nordic mortgage market share stability amid housing sector volatility
- Operating expenses decline as AML remediation and digitalization programs conclude
- Capital distributions via dividends and buybacks supported by CET1 surplus
| Net Income: 23.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.12 > 1.0 |
| NWC/Revenue: -726.7% < 20% (prev -1.13k%; Δ 400.9% < -1%) |
| CFO/TA -0.01 > 3% & CFO -33.8b > Net Income 23.0b |
| Net Debt (404b) to EBITDA (31.7b): 12.75 < 3 |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (813.2m) vs 12m ago -4.30% < -2% |
| Gross Margin: 65.02% > 18% (prev 55.91%; Δ 9.11% > 0.5%) |
| Asset Turnover: 2.84% > 50% (prev 2.68%; Δ 0.16% > 0%) |
| Interest Coverage Ratio: 0.82 > 6 (EBIT TTM 30.7b / Interest Expense TTM 37.6b) |
| A: -0.21 (Total Current Assets 758b - Total Current Liabilities 1538b) / Total Assets 3792b |
| B: 0.04 (Retained Earnings 162b / Total Assets 3792b) |
| C: 0.01 (EBIT TTM 30.7b / Avg Total Assets 3776b) |
| D: 0.05 (Book Value of Equity 167b / Total Liabilities 3625b) |
| Altman-Z'' = -1.11 = CCC |
| DSRI: 0.76 (Receivables 6.70b/8.27b, Revenue 107b/101b) |
| GMI: 0.86 (GM 55.91% / 65.02%) |
| AQI: 0.87 (AQ_t 0.80 / AQ_t-1 0.92) |
| SGI: 1.06 (Revenue 107b / 101b) |
| TATA: 0.01 (NI 23.0b - CFO -33.8b) / TA 3792b) |
| Beneish M = -3.38 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at DKK 352.20 with a total of 2,471,640 shares traded.
Over the past week, the price has changed by +5.21%,
over one month by +7.29%,
over three months by +16.00% and
over the past year by +48.85%.
Danske Bank has no consensus analysts rating.
P/E Trailing = 12.3115
P/E Forward = 11.8624
P/S = 4.9188
P/B = 1.6472
P/EG = 6.2407
Revenue TTM = 107b DKK
EBIT TTM = 30.7b DKK
EBITDA TTM = 31.7b DKK
Long Term Debt = unknown (none)
Short Term Debt = 639b DKK (from shortTermDebt, last fiscal year)
Debt = 1144b DKK (from shortLongTermDebtTotal, last quarter)
Net Debt = 404b DKK (calculated: Debt 1144b - CCE 740b)
Enterprise Value = 683b DKK (279b + Debt 1144b - CCE 740b)
Interest Coverage Ratio = 0.82 (Ebit TTM 30.7b / Interest Expense TTM 37.6b)
EV/FCF = -19.64x (Enterprise Value 683b / FCF TTM -34.8b)
FCF Yield = -5.09% (FCF TTM -34.8b / Enterprise Value 683b)
FCF Margin = -32.40% (FCF TTM -34.8b / Revenue TTM 107b)
Net Margin = 21.40% (Net Income TTM 23.0b / Revenue TTM 107b)
Gross Margin = 65.02% ((Revenue TTM 107b - Cost of Revenue TTM 37.5b) / Revenue TTM)
Gross Margin QoQ = 73.44% (prev 62.47%)
Tobins Q-Ratio = 0.18 (Enterprise Value 683b / Total Assets 3792b)
Interest Expense / Debt = 3.28% (Interest Expense 37.6b / Debt 1144b)
Taxrate = 25.20% (7.74b / 30.7b)
NOPAT = 23.0b (EBIT 30.7b * (1 - 25.20%))
Current Ratio = 0.49 (Total Current Assets 758b / Total Current Liabilities 1538b)
Debt / Equity = 6.84 (Debt 1144b / totalStockholderEquity, last quarter 167b)
Debt / EBITDA = 12.75 (Net Debt 404b / EBITDA 31.7b)
Debt / FCF = -11.62 (negative FCF - burning cash) (Net Debt 404b / FCF TTM -34.8b)
Total Stockholder Equity = 175b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.61% (Net Income 23.0b / Total Assets 3792b)
RoE = 13.15% (Net Income TTM 23.0b / Total Stockholder Equity 175b)
RoCE = 1.36% (EBIT 30.7b / Capital Employed (Total Assets 3792b - Current Liab 1538b))
RoIC = 0.80% (NOPAT 23.0b / Invested Capital 2888b)
WACC = 3.35% (E(279b)/V(1423b) * Re(7.03%) + D(1144b)/V(1423b) * Rd(3.28%) * (1-Tc(0.25)))
Discount Rate = 7.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.67 | Cagr: -2.48%
[DCF] Fair Price = unknown (Cash Flow -34.8b)
EPS Correlation: 51.98 | EPS CAGR: 94.01% | SUE: -0.23 | # QB: 0
Revenue Correlation: 47.61 | Revenue CAGR: 2.09% | SUE: 1.52 | # QB: 2
EPS current Quarter (2026-06-30): EPS=7.27 | Chg30d=-0.09% | Revisions=+33% | Analysts=5
EPS next Quarter (2026-09-30): EPS=7.54 | Chg30d=+0.03% | Revisions=+33% | Analysts=5
EPS current Year (2026-12-31): EPS=29.51 | Chg30d=-0.01% | Revisions=+53% | GrowthEPS=+5.8% | GrowthRev=+3.1%
EPS next Year (2027-12-31): EPS=31.76 | Chg30d=-0.03% | Revisions=+50% | GrowthEPS=+7.6% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +53%