DNB BANK ASA (DNB.OL) Fundamental Analysis & Valuation

OSL:DNB • NO0010161896

Current stock price

304.3 NOK
+3.1 (+1.03%)
Last:

This DNB.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. DNB.OL Profitability Analysis

1.1 Basic Checks

  • In the past year DNB was profitable.
  • DNB had a positive operating cash flow in the past year.
  • 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.
DNB.OL Yearly Net Income VS EBIT VS OCF VS FCFDNB.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B -100B 200B

1.2 Ratios

  • The Return On Assets of DNB (1.13%) is better than 73.87% of its industry peers.
  • With a decent Return On Equity value of 14.21%, DNB is doing good in the industry, outperforming 75.68% of the companies in the same industry.
Industry RankSector Rank
ROA 1.13%
ROE 14.21%
ROIC N/A
ROA(3y)1.15%
ROA(5y)1.06%
ROE(3y)14.63%
ROE(5y)13.39%
ROIC(3y)N/A
ROIC(5y)N/A
DNB.OL Yearly ROA, ROE, ROICDNB.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of DNB (43.53%) is better than 95.50% 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 RankSector Rank
OM N/A
PM (TTM) 43.53%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.9%
PM growth 5Y6.5%
GM growth 3YN/A
GM growth 5YN/A
DNB.OL Yearly Profit, Operating, Gross MarginsDNB.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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2

2. DNB.OL Health Analysis

2.1 Basic Checks

  • DNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for DNB has been reduced compared to 1 year ago.
  • DNB has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for DNB has been reduced compared to a year ago.
DNB.OL Yearly Shares OutstandingDNB.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
DNB.OL Yearly Total Debt VS Total AssetsDNB.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1T 2T 3T

2.2 Solvency

  • DNB has a debt to FCF ratio of 13.38. This is a negative value and a sign of low solvency as DNB would need 13.38 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 13.38, DNB is doing good in the industry, outperforming 75.68% of the companies in the same industry.
  • DNB has a Debt/Equity ratio of 3.17. This is a high value indicating a heavy dependency on external financing.
  • DNB has a worse Debt to Equity ratio (3.17) than 78.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.17
Debt/FCF 13.38
Altman-Z N/A
ROIC/WACCN/A
WACC9.63%
DNB.OL Yearly LT Debt VS Equity VS FCFDNB.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200B 400B 600B 800B 1T

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
DNB.OL Yearly Current Assets VS Current LiabilitesDNB.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. DNB.OL Growth Analysis

3.1 Past

  • DNB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.27%.
  • Measured over the past years, DNB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.91% on average per year.
  • Looking at the last year, DNB shows a small growth in Revenue. The Revenue has grown by 6.60% in the last year.
  • DNB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.35% yearly.
EPS 1Y (TTM)-3.27%
EPS 3Y11.3%
EPS 5Y10.91%
EPS Q2Q%-7.37%
Revenue 1Y (TTM)6.6%
Revenue growth 3Y9.76%
Revenue growth 5Y10.35%
Sales Q2Q%8.47%

3.2 Future

  • DNB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.33% yearly.
  • The Revenue is expected to grow by 1.96% on average over the next years.
EPS Next Y-5.51%
EPS Next 2Y-1.42%
EPS Next 3Y0.33%
EPS Next 5YN/A
Revenue Next Year0.59%
Revenue Next 2Y1.28%
Revenue Next 3Y1.96%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DNB.OL Yearly Revenue VS EstimatesDNB.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20B 40B 60B 80B
DNB.OL Yearly EPS VS EstimatesDNB.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15 20 25

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4

4. DNB.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • DNB is valuated reasonably with a Price/Earnings ratio of 10.71.
  • The rest of the industry has a similar Price/Earnings ratio as DNB.
  • Compared to an average S&P500 Price/Earnings ratio of 25.35, DNB is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.34, the valuation of DNB can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, DNB is valued a bit more expensive than 63.96% of the companies in the same industry.
  • DNB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.61, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.71
Fwd PE 11.34
DNB.OL Price Earnings VS Forward Price EarningsDNB.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • DNB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DNB is cheaper than 74.77% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.43
EV/EBITDA N/A
DNB.OL Per share dataDNB.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.98
EPS Next 2Y-1.42%
EPS Next 3Y0.33%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. DNB.OL Dividend Analysis

5.1 Amount

  • DNB has a Yearly Dividend Yield of 6.21%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.78, 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 1.89.
Industry RankSector Rank
Dividend Yield 6.21%

5.2 History

  • On average, the dividend of DNB grows each year by 15.44%, which is quite nice.
Dividend Growth(5Y)15.44%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • DNB pays out 59.21% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of DNB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP59.21%
EPS Next 2Y-1.42%
EPS Next 3Y0.33%
DNB.OL Yearly Income VS Free CF VS DividendDNB.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B -100B 200B
DNB.OL Dividend Payout.DNB.OL Dividend Payout, showing the Payout Ratio.DNB.OL Dividend Payout.PayoutRetained Earnings

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DNB.OL Fundamentals: All Metrics, Ratios and Statistics

DNB BANK ASA

OSL:DNB (4/1/2026, 1:06:15 PM)

304.3

+3.1 (+1.03%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-04
Earnings (Next)04-23
Inst Owners42.25%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap449.63B
Revenue(TTM)96.34B
Net Income(TTM)41.94B
Analysts54.07
Price Target304.09 (-0.07%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.21%
Yearly Dividend16.87
Dividend Growth(5Y)15.44%
DP59.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.66%
Min EPS beat(2)0%
Max EPS beat(2)9.32%
EPS beat(4)3
Avg EPS beat(4)2.48%
Min EPS beat(4)-5.48%
Max EPS beat(4)9.32%
EPS beat(8)7
Avg EPS beat(8)8.36%
EPS beat(12)11
Avg EPS beat(12)8.7%
EPS beat(16)14
Avg EPS beat(16)10.09%
Revenue beat(2)1
Avg Revenue beat(2)1.48%
Min Revenue beat(2)-0.42%
Max Revenue beat(2)3.38%
Revenue beat(4)2
Avg Revenue beat(4)0.49%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)3.38%
Revenue beat(8)5
Avg Revenue beat(8)1.69%
Revenue beat(12)8
Avg Revenue beat(12)2.13%
Revenue beat(16)11
Avg Revenue beat(16)3.58%
PT rev (1m)4.97%
PT rev (3m)8.48%
EPS NQ rev (1m)-0.06%
EPS NQ rev (3m)2.11%
EPS NY rev (1m)1.3%
EPS NY rev (3m)1.38%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)1.67%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.59%
Valuation
Industry RankSector Rank
PE 10.71
Fwd PE 11.34
P/S 4.67
P/FCF 6.43
P/OCF 6.19
P/B 1.52
P/tB 1.65
EV/EBITDA N/A
EPS(TTM)28.4
EY9.33%
EPS(NY)26.83
Fwd EY8.82%
FCF(TTM)47.33
FCFY15.55%
OCF(TTM)49.13
OCFY16.14%
SpS65.2
BVpS199.75
TBVpS184.74
PEG (NY)N/A
PEG (5Y)0.98
Graham Number357.27
Profitability
Industry RankSector Rank
ROA 1.13%
ROE 14.21%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 43.53%
GM N/A
FCFM 72.58%
ROA(3y)1.15%
ROA(5y)1.06%
ROE(3y)14.63%
ROE(5y)13.39%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.9%
PM growth 5Y6.5%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 3.17
Debt/FCF 13.38
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 2.76%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 166.73%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC9.63%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)3.37%
Cap/Sales(5y)4.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.27%
EPS 3Y11.3%
EPS 5Y10.91%
EPS Q2Q%-7.37%
EPS Next Y-5.51%
EPS Next 2Y-1.42%
EPS Next 3Y0.33%
EPS Next 5YN/A
Revenue 1Y (TTM)6.6%
Revenue growth 3Y9.76%
Revenue growth 5Y10.35%
Sales Q2Q%8.47%
Revenue Next Year0.59%
Revenue Next 2Y1.28%
Revenue Next 3Y1.96%
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 1Y143.95%
FCF growth 3Y134.27%
FCF growth 5Y-2.83%
OCF growth 1Y146.4%
OCF growth 3Y100.9%
OCF growth 5Y-3.01%

DNB BANK ASA / DNB.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for DNB BANK ASA?

ChartMill assigns a fundamental rating of 4 / 10 to DNB.OL.


Can you provide the valuation status for DNB BANK ASA?

ChartMill assigns a valuation rating of 4 / 10 to DNB BANK ASA (DNB.OL). This can be considered as Fairly Valued.


What is the profitability of DNB stock?

DNB BANK ASA (DNB.OL) has a profitability rating of 4 / 10.


Can you provide the financial health for DNB stock?

The financial health rating of DNB BANK ASA (DNB.OL) is 2 / 10.


Is the dividend of DNB BANK ASA sustainable?

The dividend rating of DNB BANK ASA (DNB.OL) is 7 / 10 and the dividend payout ratio is 59.21%.