DNB Fundamental Analysis - DNB BANK ASA

Fundamental Rating

Taking everything into account, DNB scores 3 out of 10 in our fundamental rating. DNB was compared to 91 industry peers in the Banks industry. DNB has a medium profitability rating, but doesn't score so well on its financial health evaluation. DNB has a decent growth rate and is not valued too expensively. DNB also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

DNB had positive earnings in the past year.

In the past year DNB has reported a negative cash flow from operations.

Each year in the past 5 years DNB has been profitable.

Of the past 5 years DNB 4 years had a positive operating cash flow.

1.2 Ratios

With a decent Return On Assets value of 1.10%, DNB is doing good in the industry, outperforming 72.53% of the companies in the same industry.

With a decent Return On Equity value of 15.23%, DNB is doing good in the industry, outperforming 79.12% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	1.1%
ROE	15.23%
ROIC	N/A

ROA(3y)1.11%

ROA(5y)0.96%

ROE(3y)14.24%

ROE(5y)12.06%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

DNB's Profit Margin of 48.35% is amongst the best of the industry. DNB outperforms 97.80% of its industry peers.

In the last couple of years the Profit Margin of DNB has grown nicely.

The Operating Margin and Gross Margin are not available for DNB so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	48.35%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y5.83%

PM growth 5Y2.81%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

DNB does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, DNB has less shares outstanding

The number of shares outstanding for DNB has been reduced compared to 5 years ago.

DNB has a worse debt/assets ratio than last year.

2.2 Solvency

A Debt/Equity ratio of 3.42 is on the high side and indicates that DNB has dependencies on debt financing.

Looking at the Debt to Equity ratio, with a value of 3.42, DNB is doing worse than 74.73% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	3.42
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACCN/A

WACC9.84%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 10.60% over the past year.

The Earnings Per Share has been growing by 12.47% on average over the past years. This is quite good.

Looking at the last year, DNB shows a small growth in Revenue. The Revenue has grown by 6.29% in the last year.

The Revenue has been growing by 9.20% on average over the past years. This is quite good.

EPS 1Y (TTM)10.6%

EPS 3Y21.67%

EPS 5Y12.47%

EPS Q2Q%-2.56%

Revenue 1Y (TTM)6.29%

Revenue growth 3Y14.89%

Revenue growth 5Y9.2%

Sales Q2Q%2.44%

3.2 Future

DNB is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.76% yearly.

DNB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.36% yearly.

EPS Next Y-5.99%

EPS Next 2Y-4.14%

EPS Next 3Y-2.76%

EPS Next 5YN/A

Revenue Next Year4.08%

Revenue Next 2Y2.37%

Revenue Next 3Y1.36%

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.69 indicates a reasonable valuation of DNB.

Based on the Price/Earnings ratio, DNB is valued a bit cheaper than 69.23% of the companies in the same industry.

DNB is valuated cheaply when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.

The Price/Forward Earnings ratio is 9.58, which indicates a very decent valuation of DNB.

Compared to the rest of the industry, the Price/Forward Earnings ratio of DNB is on the same level as its industry peers.

When comparing the Price/Forward Earnings ratio of DNB to the average of the S&P500 Index (36.44), we can say DNB is valued rather cheaply.

		Industry Rank	Sector Rank
PE	8.69
Fwd PE	9.58

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

DNB's earnings are expected to decrease with -2.76% in the coming years. This may justify a cheaper valuation.

PEG (NY)N/A

PEG (5Y)0.7

EPS Next 2Y-4.14%

EPS Next 3Y-2.76%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.49%, DNB is a good candidate for dividend investing.

DNB's Dividend Yield is a higher than the industry average which is at 5.14.

DNB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.

		Industry Rank	Sector Rank
Dividend Yield	6.49%

5.2 History

The dividend of DNB is nicely growing with an annual growth rate of 17.85%!

Dividend Growth(5Y)17.85%

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

54.26% of the earnings are spent on dividend by DNB. This is a bit on the high side, but may be sustainable.

DNB's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.

DP54.26%

EPS Next 2Y-4.14%

EPS Next 3Y-2.76%

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DNB BANK ASA

OSL:DNB (7/18/2025, 7:00:00 PM)

258.5

+0.4 (+0.15%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)07-11 2025-07-11/bmo

Earnings (Next)10-22 2025-10-22

Inst Owners39.39%

Inst Owner ChangeN/A

Ins Owners0.02%

Ins Owner ChangeN/A

Market Cap381.96B

Analysts54.62

Price Target272.28 (5.33%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	6.49%

Yearly Dividend16.1

Dividend Growth(5Y)17.85%

DP54.26%

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)14.65%

Min EPS beat(2)6.08%

Max EPS beat(2)23.22%

EPS beat(4)4

Avg EPS beat(4)14.68%

Min EPS beat(4)6.08%

Max EPS beat(4)23.22%

EPS beat(8)8

Avg EPS beat(8)10.34%

EPS beat(12)11

Avg EPS beat(12)12.21%

EPS beat(16)15

Avg EPS beat(16)12.12%

Revenue beat(2)2

Avg Revenue beat(2)1.33%

Min Revenue beat(2)1.21%

Max Revenue beat(2)1.45%

Revenue beat(4)4

Avg Revenue beat(4)4.17%

Min Revenue beat(4)1.21%

Max Revenue beat(4)7.96%

Revenue beat(8)6

Avg Revenue beat(8)1.85%

Revenue beat(12)9

Avg Revenue beat(12)3.88%

Revenue beat(16)13

Avg Revenue beat(16)5.19%

PT rev (1m)0.74%

PT rev (3m)2.82%

EPS NQ rev (1m)-0.2%

EPS NQ rev (3m)0.59%

EPS NY rev (1m)0%

EPS NY rev (3m)0.92%

Revenue NQ rev (1m)-0.1%

Revenue NQ rev (3m)-0.67%

Revenue NY rev (1m)0%

Revenue NY rev (3m)2.8%

Valuation

		Industry Rank	Sector Rank
PE	8.69
Fwd PE	9.58
P/S	4.15
P/FCF	N/A
P/OCF	N/A
P/B	1.31
P/tB	1.41
EV/EBITDA	N/A

EPS(TTM)29.75

EY11.51%

EPS(NY)26.98

Fwd EY10.44%

FCF(TTM)-149.23

FCFYN/A

OCF(TTM)-147.56

OCFYN/A

SpS62.31

BVpS197.8

TBVpS182.82

PEG (NY)N/A

PEG (5Y)0.7

Profitability

		Industry Rank	Sector Rank
ROA	1.1%
ROE	15.23%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	48.35%
GM	N/A
FCFM	N/A

ROA(3y)1.11%

ROA(5y)0.96%

ROE(3y)14.24%

ROE(5y)12.06%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y5.83%

PM growth 5Y2.81%

GM growth 3YN/A

GM growth 5YN/A

F-Score6

Asset Turnover0.02

Health

		Industry Rank	Sector Rank
Debt/Equity	3.42
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	2.67%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score6

WACC9.84%

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)4.03%

Cap/Sales(5y)5.12%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)10.6%

EPS 3Y21.67%

EPS 5Y12.47%

EPS Q2Q%-2.56%

EPS Next Y-5.99%

EPS Next 2Y-4.14%

EPS Next 3Y-2.76%

EPS Next 5YN/A

Revenue 1Y (TTM)6.29%

Revenue growth 3Y14.89%

Revenue growth 5Y9.2%

Sales Q2Q%2.44%

Revenue Next Year4.08%

Revenue Next 2Y2.37%

Revenue Next 3Y1.36%

Revenue Next 5YN/A

EBIT growth 1YN/A

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-255.74%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-249.56%

OCF growth 3YN/A

OCF growth 5YN/A

DNB BANK ASA (DNB.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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