GRØNLANDSBANKEN A/S |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 635 DKK | -0.78% |
|
-0.78% | +1.60% |
| Mar. 20 | GrønlandsBANKEN A/S Approves Dividend for the Year 2023 | CI |
| Feb. 27 | GrønlandsBANKEN A/S Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 982.8 | 981 | 1,062 | 1,076 | 1,062 | 1,125 |
| Enterprise Value (EV) 1 | 584.4 | 511.4 | 545.6 | -352.1 | -331.2 | -287.5 |
| P/E ratio | 10.3 x | 7.55 x | 11 x | 8.1 x | 10.7 x | 5.85 x |
| Yield | 5.49% | - | 4.24% | 6.69% | 3.39% | 8.8% |
| Capitalization / Revenue | 3.21 x | 2.99 x | 3.33 x | 3.03 x | 3.38 x | 2.41 x |
| EV / Revenue | 1.91 x | 1.56 x | 1.71 x | -0.99 x | -1.05 x | -0.62 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 0.98 x | 0.91 x | 0.9 x | 0.85 x | 0.81 x | 0.76 x |
| Nbr of stocks (in thousands) | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 |
| Reference price 2 | 546.0 | 545.0 | 590.0 | 598.0 | 590.0 | 625.0 |
| Announcement Date | 2/28/19 | 2/27/20 | 3/1/21 | 3/2/22 | 3/1/23 | 2/27/24 |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 306.5 | 327.8 | 319.2 | 354.8 | 314.2 | 466.7 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 140.3 | 150.5 | 130.9 | 158.9 | 109.1 | 244.6 |
| Net income 1 | 95.72 | 129.9 | 96.23 | 132.8 | 98.75 | 192.4 |
| Net margin | 31.23% | 39.63% | 30.15% | 37.44% | 31.43% | 41.22% |
| EPS 2 | 53.20 | 72.20 | 53.50 | 73.80 | 54.90 | 106.9 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 30.00 | - | 25.00 | 40.00 | 20.00 | 55.00 |
| Announcement Date | 2/28/19 | 2/27/20 | 3/1/21 | 3/2/22 | 3/1/23 | 2/27/24 |
1DKK in Million2DKK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 398 | 470 | 516 | 1,429 | 1,393 | 1,412 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.78% | 12.5% | 8.54% | 10.9% | 7.64% | 13.8% |
| ROA (Net income/ Total Assets) | 1.66% | 1.96% | 1.32% | 1.81% | 1.3% | 2.29% |
| Assets 1 | 5,760 | 6,627 | 7,265 | 7,333 | 7,589 | 8,395 |
| Book Value Per Share 2 | 555.0 | 599.0 | 654.0 | 704.0 | 733.0 | 822.0 |
| Cash Flow per Share 2 | 234.0 | 268.0 | 296.0 | 829.0 | 842.0 | 929.0 |
| Capex 1 | 5.62 | 23.9 | 3.07 | 23 | 11.8 | 17.6 |
| Capex / Sales | 1.83% | 7.3% | 0.96% | 6.48% | 3.75% | 3.77% |
| Announcement Date | 2/28/19 | 2/27/20 | 3/1/21 | 3/2/22 | 3/1/23 | 2/27/24 |
1DKK in Million2DKK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +1.60% | 165M | |
| +13.07% | 551B | |
| +10.81% | 291B | |
| +10.73% | 249B | |
| +21.33% | 208B | |
| +18.46% | 171B | |
| +9.68% | 166B | |
| +9.74% | 162B | |
| -11.07% | 138B | |
| -0.25% | 137B |
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