Rankings Financial data & insurance broking AL Sydbank
AL Sydbank
82
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history−8
- Quality of growth−5
- Return on capital−4
Strengths
- Dividend and buybacks+2
- Synergies and guidance+1
How the score is built
From 100 to 82, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 705.00 DKK
- Median analyst target
- 799.00 DKK
- Upside to median
- +13.3%
- Analysts
- 4
- Target range
- 750.00 – 820.00 DKK
- 52-week change
- +28%
- P/E (trailing)
- 20.9
- Forward P/E
- 12.8
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−9 of −30
- −5Quality of growthIncome rose 78% in H1 2026, but purely through the merger; EPS (TTM) is DKK 33.7 vs 50.9 in 2024 and 58.8 in 2023, and analysts' 2026 EPS of about DKK 49 is still below the pre-merger level. The bank has become bigger, not stronger per share.
- −4Return on capitalROE 9.3% (TTM) and 7.1% in 2025 vs 17.5–22.5% for Sydbank in 2023–2024; guidance of DKK 3.5–4.0bn equals about 10–11% on equity of DKK 36.6bn.
Price
Today's multiples against the company's own history and its peers. · 2 findings−11 of −35
- −8Multiples vs own historyP/B 1.67 vs 0.74–1.24 in 2021–2025 and forward P/E 13.2 vs 5.5–11.6; trailing P/E 21.5 vs 4.9–15.3. The highest valuation in the period after +44% in a year, while the return on equity has halved.
- −3PeersP/B 1.67 at an ROE of about 9–11% vs Jyske Bank 1.21 at 10.3% and Danske Bank 1.82 at 13.9%; you pay almost Danske's price for a markedly lower return.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 2 findings−4 of −35
- −3Integration riskA three-bank merger with branches cut from 140 to 91 and IT integration; Økonomisk Ugebrev judged that the promised 14% EPS growth in 2026 was unrealistic (about 7% on consensus), and that Arbejdernes Landsbank delivered only 41–48% of its guidance midpoint in H1 2025.
- −1
Plus
Only documented strengths. · 2 findings+3 of +15
- +2Dividend and buybacksBuybacks of DKK 1.1bn (Mar 2026–Jan 2027) plus a dividend of DKK 25 (about 2.1bn) are below the guided result of DKK 3.5–4.0bn.
- +1Synergies and guidanceCost synergies of DKK 175m realised in H1 2026 as planned; profit after tax is expected in the upper part of DKK 3.5–4.0bn.
Caveats
What the score does not capture, or where the data is weak.
Formerly Sydbank; merged with Arbejdernes Landsbank and Vestjysk Bank in Dec. 2025 (Nordnet ticker ALSYDB, stockanalysis path still SYDB). Historical figures are pre-merger, TTM figures are a mix, and the share count rose about 35%. Bank: FCF and EV are not meaningful. Only 4 analysts; RSI 79 and +44% over one year.
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