Financials Sydbank A/S

Equities

SYDB

DK0010311471

Banks

Market Closed - Nasdaq Copenhagen 16:20:00 26/06/2024 BST 5-day change 1st Jan Change
368 DKK -2.28% Intraday chart for Sydbank A/S -2.54% +25.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,291 7,947 11,967 16,510 16,106 20,128 - -
Enterprise Value (EV) 1 8,291 7,947 11,967 16,510 16,106 20,128 20,128 20,128
P/E ratio 10.3 x 10.5 x 8.99 x 9.09 x 4.99 x 6.57 x 7.19 x 7.22 x
Yield 4.08% 2.97% 5.8% 5.73% 10.4% 7.68% 7% 6.96%
Capitalization / Revenue 2.14 x 2.01 x 2.53 x 3.01 x 2.19 x 2.7 x 2.82 x 2.85 x
EV / Revenue 2.14 x 2.01 x 2.53 x 3.01 x 2.19 x 2.7 x 2.82 x 2.85 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.68 x 0.97 x 1.25 x 1.07 x 1.28 x 1.2 x 1.13 x
Nbr of stocks (in thousands) 59,305 59,085 57,868 56,426 54,858 53,447 - -
Reference price 2 139.8 134.5 206.8 292.6 293.6 376.6 376.6 376.6
Announcement Date 26/02/20 02/03/21 02/03/22 01/03/23 28/02/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,879 3,948 4,727 5,478 7,346 7,452 7,144 7,072
EBITDA - - - - - - - -
EBIT 1 1,096 1,174 1,550 2,438 2,360 4,120 3,781 3,582
Operating Margin 28.25% 29.74% 32.79% 44.51% 32.13% 55.29% 52.92% 50.65%
Earnings before Tax (EBT) 1 1,081 1,021 1,764 2,405 4,281 4,048 3,521 3,342
Net income 1 822 799 1,411 1,901 3,342 2,998 2,596 2,463
Net margin 21.19% 20.24% 29.85% 34.7% 45.49% 40.24% 36.34% 34.83%
EPS 2 13.60 12.80 23.00 32.20 58.80 57.32 52.40 52.18
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 5.700 4.000 12.00 16.77 30.56 28.92 26.36 26.22
Announcement Date 26/02/20 02/03/21 02/03/22 01/03/23 28/02/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,259 1,300 1,215 1,352 1,611 1,752 1,823 1,892 1,879 1,938 1,820 1,841 1,853
EBITDA - - - - - - - - - - - - -
EBIT 1 477 501 440 638 859 955 1,020 1,157 -635 1,107 979 1,048 986
Operating Margin 37.89% 38.54% 36.21% 47.19% 53.32% 54.51% 55.95% 61.15% -33.79% 57.12% 53.79% 56.93% 53.21%
Earnings before Tax (EBT) 1 482 570 389 562 884 980 1,015 1,179 1,107 1,138 958 1,013 955
Net income 1 398 445 303 439 714 734 758 917 933 861 705 745 702
Net margin 31.61% 34.23% 24.94% 32.47% 44.32% 41.89% 41.58% 48.47% 49.65% 44.43% 38.74% 40.47% 37.88%
EPS 2 6.500 7.400 5.000 7.400 12.40 12.80 13.20 16.10 16.70 15.50 12.91 13.66 12.87
Dividend per Share 6.300 - - - - - - - - - - - -
Announcement Date 02/03/22 25/04/22 24/08/22 02/11/22 01/03/23 03/05/23 23/08/23 01/11/23 28/02/24 01/05/24 - - -
1DKK in Million2DKK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 7.5% 6.6% 11.2% 14.8% 23.6% 19.7% 17.4% 16%
ROA (Net income/ Total Assets) 0.59% 0.51% 0.84% 1.09% 1.83% - - -
Assets 1 139,322 156,667 167,976 174,404 182,623 - - -
Book Value Per Share 2 185.0 198.0 213.0 233.0 274.0 295.0 313.0 332.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 26/02/20 02/03/21 02/03/22 01/03/23 28/02/24 - - -
1DKK in Million2DKK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
376.6 DKK
Average target price
440 DKK
Spread / Average Target
+16.83%
Consensus
  1. Stock Market
  2. Equities
  3. SYDB Stock
  4. Financials Sydbank A/S