Rankings Financial data & insurance broking Danske Bank
Danske Bank
91
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Multiples vs own history−7
- Quality of growth−3
- Peers−2
Strengths
- Dividend and buybacks+3
- Raised guidance+2
- Capital and legacy closed out+1
How the score is built
From 100 to 91, 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
- 345.10 DKK
- Median analyst target
- 420.00 DKK
- Upside to median
- +21.7%
- Analysts
- 15
- Target range
- 320.00 – 460.00 DKK
- 52-week change
- +20%
- P/E (trailing)
- 11.4
- Forward P/E
- 10.4
- PEG
- 1.08
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 1 finding−3 of −30
- −3Quality of growthIncome fell 0.7% in 2025 and EPS grew 0.4%; H1 2026 +6% in profit, but net interest income rose only 3% and trading income fell. Growth is carried by fees (+13%) and insurance.
Price
Today's multiples against the company's own history and its peers. · 2 findings−9 of −35
- −7Multiples vs own historyP/B 1.82 vs 0.55–1.43 in 2021–2025 and P/E 13.0 vs 7.2–7.7; the share price has more than tripled since 2022, while EPS has risen only about 17% since 2023. The re-rating is priced in ahead of time.
- −2PeersP/B 1.82 and P/E 13.0 vs Nordea (1.95/13.1), DNB (1.67/11.7) and Handelsbanken (1.69/13.0), but ROE of 13.9% is below Nordea and DNB (about 15%). No discount for lower returns.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−7 of −35
- −2Credit qualityLoan impairments only DKK 265m in H1 (pre-tax profit about 16bn); an extremely low level that could normalise in a Danish or Nordic downturn.
- −2Macro and interest ratesNet interest income (about 2/3 of core income) rose only 3% and is supported by income from interest-rate risk management; lower rates squeeze the deposit margin.
- −2Compliance historyThe debt-collection case (about 46,500 customers compensated) was only closed by the Danish FSA in Nov 2025, a few years after the Estonia fines; repeated system errors are a culture risk.
- −1
Plus
Only documented strengths. · 3 findings+6 of +15
- +2Raised guidance2026 outlook for net profit raised to DKK 23–25bn (ROE about 14%); H1 ROE 13.9% vs 13.1%, cost/income 44.4%.
- +3Dividend and buybacksDividend yield 6.1% plus buybacks (share count −2.2% in a year); total shareholder yield 8.2%.
- +1Capital and legacy closed outCET1 17.0%; the three-year US probation in the Estonia case has expired, and the case with the US authorities is closed.
Caveats
What the score does not capture, or where the data is weak.
Bank: EV, ROIC and FCF are not meaningful; valued on P/B and P/E. The share is +38% over one year, and impairments are unusually low
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