Danske Bank A/S
About the company
Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers banking, mortgage finance, insurance, pension, real-estate brokerage, asset management, trading in fixed income products, foreign exchange, and equities. It also provides advisory services to personal and private banking customers. In addition, the company offers financing, risk management, investment, and financial advisory services for large corporates and institutions; healthcare solutions; and online and mobile banking services. It operates in Denmark, Finland, Sweden, Norway, the United Kingdom, Ireland, Lithuania, Luxembourg, Poland, and the United States of America. The company was founded in 1871 and is headquartered in Copenhagen, Denmark.
Price within modeled range
Why: Banks and insurers earn their money on their balance sheet, so value follows book value and how much the company earns on it (return on equity).
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price within modeled range
Showing the EPS-based Gordon proxy you selected on the company card, using 6.24% growth, 2.4% terminal growth and 9.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 6.24%, discount rate 9.60%, terminal growth 2.40% (sector defaults). See a worked example.
Blended growth assumption: 6.2% (sector default 5.4%, own revenue history 8.9%, analyst revenue consensus 5.3%).
5-year outlook: relative outlook of about 11.7% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 5.4% a year; the growth assumption used is 6.2%.
Adjust assumptions
Show the recommended model instead
Why this model: Banks and insurers earn their money on their balance sheet, so value follows book value and how much the company earns on it (return on equity).
Compare models- Recommended: Justified P/B (ROE) — DKK 351.50 (-1.6%)
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EPS-based Gordon proxy
— DKK 432.26 (+21.0%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— DKK 527.70 (+47.7%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear DKK 334.99 | -6.6% |
| Base DKK 432.26 | 17.4% |
| Bull DKK 501.98 | 28.8% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
5 years price change: +347.76% · DKK 357.20 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (DKK 432.26). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:14 (1 hour, 47 minutes ago).
08 Nov 2021Range DKK 67.60 – 380.3006 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 64 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 4 of 5 years profitable | 16 / 20 |
| Cash generation | free cash flow positive in 2 of 5 years | 8 / 20 |
| Growth | revenue +26.2% a year | 20 / 20 |
| Balance sheet | net debt 11.2x EBITDA | 0 / 20 |
| Margins | EBITDA margin 29% | 20 / 20 |
Peers in Financials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| DANSKE.CO (this company) | DKK 357.20 | -1.6% | 11.8 | 1.7 | 4.7% | 64 |
| PSH.L Pershing Square Holdings, Ltd. | GBP 38.66 | 68.4% | 3.7 | 0.6 | 1.3% | 76 |
| LRE.L Lancashire Holdings Limited | GBP 6.86 | 45.8% | 7.1 | 1.6 | 3.3% | 76 |
| ACA.PA Credit Agricole S.A. | EUR 15.84 | 36.1% | 6.8 | 0.7 | 6.9% | 78 |
| PRU.L Prudential plc | GBP 9.23 | 34.4% | 8.0 | 1.6 | 1.9% | 78 |
| V Visa Inc. | USD 422.59 | 33.3% | 8.9 | – | 0.2% | 100 |
| AGS.BR ageas SA/NV | EUR 77.50 | 32.6% | 8.1 | 1.5 | 5.0% | 76 |
| NWG.L NatWest Group plc | GBP 5.87 | 30.2% | 8.2 | 1.3 | 5.0% | 88 |
| SYF Synchrony Financial | USD 74.07 | 29.9% | 7.2 | 1.4 | 2.1% | 100 |
| Peer median | 7.6 | 1.4 | ||||
Dividends
Paid in the last 12 months: DKK 28.86 per share · yield 8.08% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 28.860 |
| 2025 | 14.700 |
| 2024 | 21.500 |
| 2023 | 7.000 |
| 2022 | 2.000 |
| 2021 | 2.000 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:41
| Revenue | DKK 111,804,000,000 |
|---|---|
| EBITDA | DKK 32,746,000,000 |
| EBIT | DKK 32,746,000,000 |
| Net income | DKK 24,584,000,000 |
| Free cash flow | DKK -10,510,000,000 |
| Capital expenditures | DKK 1,250,000,000 |
| Debt | DKK 1,152,123,000,000 |
| Cash | DKK 784,508,000,000 |
| Working capital | DKK -787,327,000,000 |
| Shares outstanding | 808,861,000 |
| Reported dividends per share | DKK 16.9400 |