DANSKE BANK A/S (DSN.DE) Fundamental Analysis & Valuation
FRA:DSN • DK0010274414
42.5 EUR
+0.3 (+0.71%)
Last: Mar 6, 2026, 07:00 PM
This DSN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, DSN scores 3 out of 10 in our fundamental rating. DSN was compared to 106 industry peers in the Banks industry. Both the profitability and financial health of DSN have multiple concerns. DSN has a valuation in line with the averages, but it does not seem to be growing.
1. DSN.DE Profitability Analysis
1.1 Basic Checks
- DSN had positive earnings in the past year.
- DSN had a positive operating cash flow in the past year.
- Of the past 5 years DSN 4 years were profitable.
- In multiple years DSN reported negative operating cash flow during the last 5 years.
1.2 Ratios
- DSN's Return On Assets of 0.61% is on the low side compared to the rest of the industry. DSN is outperformed by 61.32% of its industry peers.
- DSN has a better Return On Equity (12.72%) than 62.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.61% | ||
| ROE | 12.72% | ||
| ROIC | N/A |
ROA(3y)0.61%
ROA(5y)0.4%
ROE(3y)12.75%
ROE(5y)8.48%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- DSN's Profit Margin of 23.53% is in line compared to the rest of the industry. DSN outperforms 47.17% of its industry peers.
- In the last couple of years the Profit Margin of DSN has grown nicely.
- The Operating Margin and Gross Margin are not available for DSN so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 23.53% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-35.59%
PM growth 5Y45.78%
GM growth 3YN/A
GM growth 5YN/A
2. DSN.DE Health Analysis
2.1 Basic Checks
- DSN does not have a ROIC to compare to the WACC, probably because it is not profitable.
- DSN has less shares outstanding than it did 1 year ago.
- DSN has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for DSN is higher compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of DSN is 55.17, which is on the high side as it means it would take DSN, 55.17 years of fcf income to pay off all of its debts.
- DSN has a better Debt to FCF ratio (55.17) than 60.38% of its industry peers.
- DSN has a Debt/Equity ratio of 6.26. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 6.26, DSN is not doing good in the industry: 94.34% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.26 | ||
| Debt/FCF | 55.17 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC4.03%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. DSN.DE Growth Analysis
3.1 Past
- DSN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.72%.
- The Earnings Per Share has been growing by 42.79% on average over the past years. This is a very strong growth
- The Revenue for DSN has decreased by -10.60% in the past year. This is quite bad
- Measured over the past years, DSN shows a decrease in Revenue. The Revenue has been decreasing by -2.83% on average per year.
EPS 1Y (TTM)0.72%
EPS 3YN/A
EPS 5Y42.79%
EPS Q2Q%8.45%
Revenue 1Y (TTM)-10.6%
Revenue growth 3YN/A
Revenue growth 5Y-2.83%
Sales Q2Q%-38.58%
3.2 Future
- DSN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.43% yearly.
- Based on estimates for the next years, DSN will show a small growth in Revenue. The Revenue will grow by 2.91% on average per year.
EPS Next Y2.14%
EPS Next 2Y4.13%
EPS Next 3Y5.43%
EPS Next 5YN/A
Revenue Next Year2.53%
Revenue Next 2Y2.72%
Revenue Next 3Y2.91%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. DSN.DE Valuation Analysis
4.1 Price/Earnings Ratio
- DSN is valuated reasonably with a Price/Earnings ratio of 11.39.
- The rest of the industry has a similar Price/Earnings ratio as DSN.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, DSN is valued rather cheaply.
- With a Price/Forward Earnings ratio of 11.14, the valuation of DSN can be described as very reasonable.
- The rest of the industry has a similar Price/Forward Earnings ratio as DSN.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, DSN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.39 | ||
| Fwd PE | 11.14 |
4.2 Price Multiples
- 67.92% of the companies in the same industry are more expensive than DSN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.9 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DSN does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)5.32
PEG (5Y)0.27
EPS Next 2Y4.13%
EPS Next 3Y5.43%
5. DSN.DE Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 6.83%, DSN is a good candidate for dividend investing.
- DSN's Dividend Yield is rather good when compared to the industry average which is at 4.33. DSN pays more dividend than 87.74% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, DSN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 53.11% of the earnings are spent on dividend by DSN. This is a bit on the high side, but may be sustainable.
DP53.11%
EPS Next 2Y4.13%
EPS Next 3Y5.43%
DSN.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:DSN (3/6/2026, 7:00:00 PM)
42.5
+0.3 (+0.71%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)04-30 2026-04-30
Inst Owners27.37%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap35.49B
Revenue(TTM)97.93B
Net Income(TTM)23.04B
Analysts71.67
Price Target47.42 (11.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
Yearly Dividend1.99
Dividend Growth(5Y)N/A
DP53.11%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.69%
Min EPS beat(2)1.08%
Max EPS beat(2)8.31%
EPS beat(4)3
Avg EPS beat(4)3.39%
Min EPS beat(4)-0.66%
Max EPS beat(4)8.31%
EPS beat(8)7
Avg EPS beat(8)5.01%
EPS beat(12)10
Avg EPS beat(12)4.34%
EPS beat(16)11
Avg EPS beat(16)-59.67%
Revenue beat(2)1
Avg Revenue beat(2)0.37%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)2.24%
Revenue beat(4)2
Avg Revenue beat(4)3.92%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)15.52%
Revenue beat(8)6
Avg Revenue beat(8)49.18%
Revenue beat(12)10
Avg Revenue beat(12)64.42%
Revenue beat(16)14
Avg Revenue beat(16)63.41%
PT rev (1m)12.34%
PT rev (3m)21%
EPS NQ rev (1m)5.57%
EPS NQ rev (3m)8.95%
EPS NY rev (1m)0%
EPS NY rev (3m)1.82%
Revenue NQ rev (1m)1.53%
Revenue NQ rev (3m)2.68%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.39 | ||
| Fwd PE | 11.14 | ||
| P/S | 2.71 | ||
| P/FCF | 12.9 | ||
| P/OCF | 11.76 | ||
| P/B | 1.46 | ||
| P/tB | 1.53 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.73
EY8.78%
EPS(NY)3.81
Fwd EY8.97%
FCF(TTM)3.29
FCFY7.75%
OCF(TTM)3.62
OCFY8.51%
SpS15.7
BVpS29.04
TBVpS27.78
PEG (NY)5.32
PEG (5Y)0.27
Graham Number49.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.61% | ||
| ROE | 12.72% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 23.53% | ||
| GM | N/A | ||
| FCFM | 20.99% |
ROA(3y)0.61%
ROA(5y)0.4%
ROE(3y)12.75%
ROE(5y)8.48%
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-35.59%
PM growth 5Y45.78%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.26 | ||
| Debt/FCF | 55.17 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 2.05% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 89.2% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC4.03%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.93%
Cap/Sales(5y)7.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.72%
EPS 3YN/A
EPS 5Y42.79%
EPS Q2Q%8.45%
EPS Next Y2.14%
EPS Next 2Y4.13%
EPS Next 3Y5.43%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.6%
Revenue growth 3YN/A
Revenue growth 5Y-2.83%
Sales Q2Q%-38.58%
Revenue Next Year2.53%
Revenue Next 2Y2.72%
Revenue Next 3Y2.91%
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 1Y121.69%
FCF growth 3YN/A
FCF growth 5Y-35.58%
OCF growth 1Y124.39%
OCF growth 3YN/A
OCF growth 5Y-34.46%
DANSKE BANK A/S / DSN.DE FAQ
Can you provide the ChartMill fundamental rating for DANSKE BANK A/S?
ChartMill assigns a fundamental rating of 3 / 10 to DSN.DE.
What is the valuation status for DSN stock?
ChartMill assigns a valuation rating of 4 / 10 to DANSKE BANK A/S (DSN.DE). This can be considered as Fairly Valued.
What is the profitability of DSN stock?
DANSKE BANK A/S (DSN.DE) has a profitability rating of 3 / 10.
What is the expected EPS growth for DANSKE BANK A/S (DSN.DE) stock?
The Earnings per Share (EPS) of DANSKE BANK A/S (DSN.DE) is expected to grow by 2.14% in the next year.
How sustainable is the dividend of DANSKE BANK A/S (DSN.DE) stock?
The dividend rating of DANSKE BANK A/S (DSN.DE) is 6 / 10 and the dividend payout ratio is 53.11%.