DNB BANK ASA(OSL:DNB) stock Fundamental Analysis

Fundamental Rating

Overall DNB gets a fundamental rating of 3 out of 10. We evaluated DNB against 93 industry peers in the Banks industry. While DNB is still in line with the averages on profitability rating, there are concerns on its financial health. DNB is quite expensive at the moment. It does show a decent growth rate. DNB also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

In the past year DNB was profitable.

DNB had a negative operating cash flow in the past year.

DNB had positive earnings in each of the past 5 years.

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

1.2 Ratios

DNB has a better Return On Assets (1.10%) than 75.27% of its industry peers.

DNB has a better Return On Equity (15.23%) than 80.65% of its industry peers.

		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 has a better Profit Margin (48.35%) than 97.85% of its industry peers.

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

DNB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.

		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.

The debt/assets ratio for DNB is higher compared to a year ago.

2.2 Solvency

DNB has a Debt/Equity ratio of 3.42. This is a high value indicating a heavy dependency on external financing.

The Debt to Equity ratio of DNB (3.42) is worse than 74.19% of its industry peers.

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

ROIC/WACCN/A

WACC9.86%

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 13.46% over the past year.

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

DNB shows a small growth in Revenue. In the last year, the Revenue has grown by 7.70%.

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

EPS 1Y (TTM)13.46%

EPS 3Y21.67%

EPS 5Y12.47%

EPS Q2Q%1.3%

Revenue 1Y (TTM)7.7%

Revenue growth 3Y14.89%

Revenue growth 5Y9.2%

Sales Q2Q%-0.2%

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.

The Revenue is expected to grow by 1.36% on average over the next years.

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

The Price/Earnings ratio is 9.36, which indicates a very decent valuation of DNB.

DNB's Price/Earnings is on the same level as the industry average.

The average S&P500 Price/Earnings ratio is at 25.91. DNB is valued rather cheaply when compared to this.

With a Price/Forward Earnings ratio of 10.22, the valuation of DNB can be described as very reasonable.

The rest of the industry has a similar Price/Forward Earnings ratio as DNB.

DNB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.85.

		Industry Rank	Sector Rank
PE	9.36
Fwd PE	10.22

4.2 Price Multiples

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

4.3 Compensation for Growth

A cheap valuation may be justified as DNB's earnings are expected to decrease with -2.76% in the coming years.

PEG (NY)N/A

PEG (5Y)0.75

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 6.19%, DNB is a good candidate for dividend investing.

Compared to an average industry Dividend Yield of 5.12, DNB pays a bit more dividend than its industry peers.

DNB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.

		Industry Rank	Sector Rank
Dividend Yield	6.19%

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 (5/23/2025, 4:26:15 PM)

275.6

0 (0%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)05-07 2025-05-07/bmo

Earnings (Next)07-11 2025-07-11

Inst Owners46.37%

Inst Owner ChangeN/A

Ins Owners0.02%

Ins Owner ChangeN/A

Market Cap411.34B

Analysts65.38

Price Target264.35 (-4.08%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	6.19%

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)1

Avg EPS beat(2)10.96%

Min EPS beat(2)-1.31%

Max EPS beat(2)23.22%

EPS beat(4)3

Avg EPS beat(4)12.83%

Min EPS beat(4)-1.31%

Max EPS beat(4)23.22%

EPS beat(8)7

Avg EPS beat(8)9.41%

EPS beat(12)10

Avg EPS beat(12)11.6%

EPS beat(16)14

Avg EPS beat(16)11.65%

Revenue beat(2)1

Avg Revenue beat(2)-2.4%

Min Revenue beat(2)-6%

Max Revenue beat(2)1.21%

Revenue beat(4)3

Avg Revenue beat(4)2.3%

Min Revenue beat(4)-6%

Max Revenue beat(4)7.96%

Revenue beat(8)5

Avg Revenue beat(8)0.92%

Revenue beat(12)8

Avg Revenue beat(12)3.26%

Revenue beat(16)12

Avg Revenue beat(16)4.73%

PT rev (1m)1.01%

PT rev (3m)8.63%

EPS NQ rev (1m)0%

EPS NQ rev (3m)7.26%

EPS NY rev (1m)0%

EPS NY rev (3m)8.13%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)5.22%

Revenue NY rev (1m)2.8%

Revenue NY rev (3m)5.02%

Valuation

		Industry Rank	Sector Rank
PE	9.36
Fwd PE	10.22
P/S	4.47
P/FCF	N/A
P/OCF	N/A
P/B	1.41
P/tB	1.52
EV/EBITDA	N/A

EPS(TTM)29.44

EY10.68%

EPS(NY)26.98

Fwd EY9.79%

FCF(TTM)-147.74

FCFYN/A

OCF(TTM)-146.09

OCFYN/A

SpS61.68

BVpS195.82

TBVpS180.99

PEG (NY)N/A

PEG (5Y)0.75

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

WACC9.86%

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)13.46%

EPS 3Y21.67%

EPS 5Y12.47%

EPS Q2Q%1.3%

EPS Next Y-5.99%

EPS Next 2Y-4.14%

EPS Next 3Y-2.76%

EPS Next 5YN/A

Revenue 1Y (TTM)7.7%

Revenue growth 3Y14.89%

Revenue growth 5Y9.2%

Sales Q2Q%-0.2%

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

More info and screens

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

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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