Financials DNB Bank ASA

Equities

DNB

NO0010161896

Banks

Market Closed - Oslo Bors 10:45:00 2024-05-31 am EDT 5-day change 1st Jan Change
205.2 NOK +0.54% Intraday chart for DNB Bank ASA -0.10% -5.00%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 313,174 301,468 327,654 309,637 - -
Enterprise Value (EV) 1 313,174 301,468 327,654 309,637 309,637 309,637
P/E ratio 12.8 x 9.42 x 8.7 x 8.21 x 8.82 x 8.82 x
Yield 4.83% 6.43% 7.41% 7.82% 7.82% 8.02%
Capitalization / Revenue 5.6 x 4.56 x 4.01 x 3.82 x 3.9 x 3.93 x
EV / Revenue 5.6 x 4.56 x 4.01 x 3.82 x 3.9 x 3.93 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.38 x 1.24 x 1.33 x 1.2 x 1.16 x 1.12 x
Nbr of stocks (in thousands) 1,550,365 1,550,365 1,516,915 1,508,952 - -
Reference price 2 202.0 194.4 216.0 205.2 205.2 205.2
Announcement Date 2/10/22 2/9/23 1/31/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 55,915 66,115 81,697 81,075 79,301 78,784
EBITDA - - - - - -
EBIT 1 31,881 39,604 53,077 51,372 48,188 46,803
Operating Margin 57.02% 59.9% 64.97% 63.36% 60.77% 59.41%
Earnings before Tax (EBT) 1 32,667 39,853 50,440 48,929 45,681 44,260
Net income 1 24,407 32,011 38,166 37,203 33,807 32,764
Net margin 43.65% 48.42% 46.72% 45.89% 42.63% 41.59%
EPS 2 15.74 20.65 24.83 25.00 23.27 23.25
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 9.750 12.50 16.00 16.05 16.04 16.46
Announcement Date 2/10/22 2/9/23 1/31/24 - - -
1NOK in Million2NOK
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 2025 Q1 2025 Q2
Net sales 1 14,633 15,141 16,319 16,128 18,527 20,536 20,203 20,970 19,988 20,398 20,233 20,252 20,532 19,865 20,118
EBITDA - - - - - - - - - - - - - - -
EBIT 1 8,206 9,175 9,795 9,655 10,979 13,560 13,120 14,112 12,286 13,100 12,658 12,984 12,930 12,542 12,413
Operating Margin 56.08% 60.6% 60.02% 59.86% 59.26% 66.03% 64.94% 67.3% 61.47% 64.22% 62.56% 64.11% 62.98% 63.14% 61.7%
Earnings before Tax (EBT) 1 7,955 9,765 10,005 9,803 10,280 13,639 12,263 13,172 11,366 12,789 12,221 12,184 12,045 11,798 11,602
Net income 1 5,875 7,299 7,611 7,397 9,704 10,192 9,149 10,142 9,019 9,789 9,267 9,122 8,937 8,361 8,279
Net margin 40.15% 48.21% 46.64% 45.86% 52.38% 49.63% 45.29% 48.36% 45.12% 47.99% 45.8% 45.04% 43.53% 42.09% 41.15%
EPS 2 3.790 4.710 4.910 4.770 6.260 6.610 5.930 6.390 5.930 6.480 6.162 6.084 5.917 5.685 5.676
Dividend per Share 2 9.750 - - - 12.50 - - - 16.00 - - - 16.38 - -
Announcement Date 2/10/22 4/28/22 7/12/22 10/20/22 2/9/23 4/27/23 7/12/23 10/19/23 1/31/24 4/23/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 10.7% 13.8% 15.9% 14.6% 13% 12.4%
ROA (Net income/ Total Assets) 0.84% 1.04% 1.14% 1.02% 0.87% 0.82%
Assets 1 2,919,148 3,077,981 3,337,939 3,646,635 3,903,843 3,989,534
Book Value Per Share 2 146.0 157.0 163.0 172.0 177.0 183.0
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/10/22 2/9/23 1/31/24 - - -
1NOK in Million2NOK
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
HOLD
Number of Analysts
14
Last Close Price
205.2 NOK
Average target price
211.2 NOK
Spread / Average Target
+2.90%
Consensus
  1. Stock Market
  2. Equities
  3. DNB Stock
  4. Financials DNB Bank ASA