Rankings Financial data & insurance broking Ringkjøbing Landbobank
Ringkjøbing Landbobank
86
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
- Peers−4
- Quality of growth−3
Strengths
- Raised guidance+2
- Efficiency and rating+2
- Dividend and buybacks+2
How the score is built
From 100 to 86, 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
- 1,740 DKK
- Median analyst target
- 2,013 DKK
- Upside to median
- +15.7%
- Analysts
- 4
- Target range
- 1,800 – 2,150 DKK
- 52-week change
- +19%
- P/E (trailing)
- 17.7
- Forward P/E
- 15.0
- 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? · 1 finding−3 of −30
- −3Quality of growthIncome grew only 0.7% (TTM) and net profit 0.3% in H1 despite 13% loan growth; EPS growth (+5% in H1) comes mainly from buybacks, while lower rates squeeze the interest margin.
Price
Today's multiples against the company's own history and its peers. · 2 findings−12 of −35
- −8Multiples vs own historyP/B 3.79 vs 2.49–3.24 in 2021–2025 (a record) and P/E 19.3 vs 12.1–20.3; forward P/E 16.9 vs 11.9–16.4 over the last four years. The share price is +26% in a year while earnings stand still.
- −4PeersP/B 3.79 and P/E 19.3 vs Danske Bank (1.82/13.0) and Nordea (1.95/13.1); an ROE of about 20% vs about 14–15% explains a premium, but not a P/B twice as high. Dividend yield only 0.65%.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−6 of −35
- −3Credit quality and concentrationA net reversal of impairments of DKK 31m in H1 – an unusually low level that could normalise; lending is heavy in niche segments such as agriculture and renewable energy.
- −2SIFI requirementsThe bank has exceeded the SIFI threshold for the first time, which triggers an extra capital buffer requirement and could limit buybacks going forward.
- −1
Plus
Only documented strengths. · 3 findings+6 of +15
- +2Raised guidanceThe 2026 net profit outlook raised to DKK 2.2–2.5bn after H1; EPS +10% in Q2.
- +2Efficiency and ratingCost/income 26.2%, ROTE 22% p.a. and Moody's Aa3 rating affirmed in June 2026 – among the most efficient banks in Europe.
- +2Dividend and buybacksA DKK 400m buyback almost completed and a new programme announced; together with dividends (DKK 12/share, about 285m) far below net profit of DKK 2.3bn.
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, and dividends/buybacks are measured against net income instead of FCF. stockanalysis shows −6.8% in share count, which may include cancellation of treasury shares; no figures from there have been used. Only 4 analysts cover the stock.
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