Stock SYDB SYDBANK A/S
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Financials Sydbank A/S

Equities

SYDB

DK0010311471

Banks

Market Closed - Nasdaq Copenhagen
Other stock markets
 10:59:46 2024-04-26 am EDT 		5-day change 1st Jan Change
352 DKK -0.11% Intraday chart for Sydbank A/S -2.71% +19.89%
Apr. 24 Moody's Changes Sydbank's Outlook to Positive, Confirms Ratings Amid Strong Solvency, Liquidity Profile MT
Mar. 26 Sydbank A/S acquired unknown additional minority stake in Fynske Bank A/S. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,291 7,947 11,967 16,510 16,106 19,040 - -
Enterprise Value (EV) 1 8,291 7,947 11,967 16,510 16,106 19,040 19,040 19,040
P/E ratio 10.3 x 10.5 x 8.99 x 9.09 x 4.99 x 6.35 x 6.94 x 6.87 x
Yield 4.08% 2.97% 5.8% 5.73% 10.4% 7.95% 7.24% 7.32%
Capitalization / Revenue 2.14 x 2.01 x 2.53 x 3.01 x 2.19 x 2.62 x 2.73 x 2.74 x
EV / Revenue 2.14 x 2.01 x 2.53 x 3.01 x 2.19 x 2.62 x 2.73 x 2.74 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 1.21 x 1.15 x 1.08 x
Nbr of stocks (in thousands) 59,305 59,085 57,868 56,426 54,858 54,092 - -
Reference price 2 139.8 134.5 206.8 292.6 293.6 352.0 352.0 352.0
Announcement Date 2/26/20 3/2/21 3/2/22 3/1/23 2/28/24 - - -
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 7,281 6,972 6,941
EBITDA - - - - - - - -
EBIT 1 1,096 1,174 1,550 2,438 2,360 4,024 3,640 3,362
Operating Margin 28.25% 29.74% 32.79% 44.51% 32.13% 55.27% 52.21% 48.44%
Earnings before Tax (EBT) 1 1,081 1,021 1,764 2,405 4,281 3,926 3,406 3,284
Net income 1 822 799 1,411 1,901 3,342 2,897 2,510 2,418
Net margin 21.19% 20.24% 29.85% 34.7% 45.49% 39.79% 36% 34.84%
EPS 2 13.60 12.80 23.00 32.20 58.80 55.41 50.69 51.21
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 27.97 25.49 25.76
Announcement Date 2/26/20 3/2/21 3/2/22 3/1/23 2/28/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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 1,134 1,259 1,300 1,215 1,352 1,611 1,752 1,823 1,892 1,879 1,876 1,830 1,798 1,796
EBITDA - - - - - - - - - - - - - -
EBIT 1 386 477 501 440 638 859 955 1,020 1,157 -635 1,044 989 1,031 961
Operating Margin 34.04% 37.89% 38.54% 36.21% 47.19% 53.32% 54.51% 55.95% 61.15% -33.79% 55.65% 54.04% 57.34% 53.51%
Earnings before Tax (EBT) 1 457 482 570 389 562 884 980 1,015 1,179 1,107 1,052 983 1,005 927
Net income 1 368 398 445 303 439 714 734 758 917 933 775 723 740 681
Net margin 32.45% 31.61% 34.23% 24.94% 32.47% 44.32% 41.89% 41.58% 48.47% 49.65% 41.31% 39.51% 41.16% 37.92%
EPS 2 6.000 6.500 7.400 5.000 7.400 12.40 12.80 13.20 16.10 16.70 14.19 13.25 13.56 12.48
Dividend per Share 5.700 6.300 - - - - - - - - - - - -
Announcement Date 10/27/21 3/2/22 4/25/22 8/24/22 11/2/22 3/1/23 5/3/23 8/23/23 11/1/23 2/28/24 - - - -
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% 19.4% 16.7% 16%
ROA (Net income/ Total Assets) 0.59% 0.51% 0.84% 1.09% 1.83% 1.54% 1.31% 1.32%
Assets 1 139,322 156,667 167,976 174,404 182,623 188,005 190,993 182,940
Book Value Per Share 2 185.0 198.0 213.0 233.0 274.0 290.0 307.0 326.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/26/20 3/2/21 3/2/22 3/1/23 2/28/24 - - -
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

Ratings for Sydbank A/S

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
352 DKK
Average target price
410 DKK
Spread / Average Target
+16.48%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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