(DNB) DnB ASA - OL
Sector: Financial Services | Industry: Banks - Regional | Exchange: OL (Norway) | Market Cap: 415.363m NOK | Total Return: 10.7% in 12m
Avg Turnover: 549M
Warnings
Choppy
Tailwinds
No distinct edge detected
DNB Bank ASA is Norway’s largest financial services group, providing a comprehensive range of retail, corporate, and investment banking services. Founded in 1822 and headquartered in Oslo, the company operates both domestically and internationally, offering traditional deposit and lending products alongside insurance, real estate brokering, and asset management.
The firm operates under a universal banking model, which integrates commercial banking with capital markets activities such as M&A advisory, debt issuance, and securities trading. As a systemic institution in the Nordic region, DNBs business model is heavily influenced by regional interest rate policies and the economic performance of the energy and maritime sectors, which are core components of the Norwegian corporate landscape.
- Norges Bank interest rate path dictates net interest margin trajectory
- Corporate lending volume fluctuates with Norwegian offshore and energy investments
- Dividend payouts and buybacks supported by CET1 capital surplus
- Real estate market stability impacts mortgage growth and impairment levels
| Net Income: 41.4b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.72 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA 0.18 > 3% & CFO 701b > Net Income 41.4b |
| Net Debt (-279b) to EBITDA (56.2b): -4.96 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (1.45b) vs 12m ago -1.99% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 2.27% > 50% (prev 3.00%; Δ -0.73% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBIT TTM 52.5b / Interest Expense TTM 112b) |
As of June 20, 2026, the stock is trading at NOK 295.00 with a total of 4,275,460 shares traded.
Over the past week, the price has changed by +3.71%,
over one month by +3.31%,
over three months by +5.13% and
over the past year by +10.68%.
DnB ASA has no consensus analysts rating.
P/E Trailing = 10.373
P/E Forward = 10.7991
P/S = 4.7467
P/B = 1.3793
P/EG = 5.2156
Revenue TTM = 89.4b NOK
EBIT TTM = 52.5b NOK
EBITDA TTM = 56.2b NOK
Long Term Debt = 936b NOK (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 2.16b NOK (Leases only: 2.16b)
Net Debt = -279b NOK (calculated: Debt 2.16b - CCE 281b)
Enterprise Value = 136b NOK (415b + Debt 2.16b - CCE 281b)
Interest Coverage Ratio = 0.47 (Ebit TTM 52.5b / Interest Expense TTM 112b)
EV/FCF = 1.95x (Enterprise Value 136b / FCF TTM 69.9b)
FCF Yield = 51.30% (FCF TTM 69.9b / Enterprise Value 136b)
FCF Margin = 78.18% (FCF TTM 69.9b / Revenue TTM 89.4b)
Net Margin = 46.26% (Net Income TTM 41.4b / Revenue TTM 89.4b)
Gross Margin = unknown ((Revenue TTM 89.4b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.04 (Enterprise Value 136b / Total Assets 3837b)
Interest Expense / Debt = 5.18k% (Interest Expense 112b / Debt 2.16b)
Taxrate = 18.99% (9.97b / 52.5b)
NOPAT = 42.5b (EBIT 52.5b * (1 - 18.99%))
Current Ratio = unknown (Total Current Assets 281b / Total Current Liabilities none)
Debt / Equity = 0.01 (Debt 2.16b / totalStockholderEquity, last quarter 300b)
Debt / EBITDA = -4.96 (Net Debt -279b / EBITDA 56.2b)
Debt / FCF = -3.99 (Net Debt -279b / FCF TTM 69.9b)
Total Stockholder Equity = 289b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.05% (Net Income 41.4b / Total Assets 3837b)
RoE = 14.33% (Net Income TTM 41.4b / Total Stockholder Equity 289b)
RoCE = 4.29% (EBIT 52.5b / Capital Employed (Equity 289b + L.T.Debt 936b))
RoIC = unknown (NOPAT 42.5b, Invested Capital 0.0, EBIT 52.5b)
WACC = 6.55% (E(415b)/V(418b) * Re(6.58%) + (debt cost/tax rate unavailable))
Discount Rate = 6.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -76.41 | Cagr: -1.38%
[DCF] Terminal Value 75.44% ; FCFF base≈69.9b ; Y1≈70.2b ; Y5≈74.4b
[DCF] Fair Price = 999.8 (EV 1157b - Net Debt -279b = Equity 1436b / Shares 1.44b; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 82.83 | EPS CAGR: 8.35% | SUE: 0.47 | # QB: 0
Revenue Correlation: 49.92 | Revenue CAGR: 11.57% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.43 | Chg30d=-0.92% | Revisions=-25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=6.67 | Chg30d=-0.43% | Revisions=+33% | Analysts=4
EPS current Year (2026-12-31): EPS=26.56 | Chg30d=-0.02% | Revisions=+11% | GrowthEPS=-6.9% | GrowthRev=-0.8%
EPS next Year (2027-12-31): EPS=27.64 | Chg30d=-0.00% | Revisions=-11% | GrowthEPS=+4.1% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: +33%