Full history for every metric is available with a Kvantra account
Key financial summary
Financials in DKK| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | DKK bn | 46.5 | 47.4 | 44.1 | 53.1 | 56.4 | 56.8 | 70.9 | - |
| Operating profit | DKK bn | 30.7 | 31.7 | ||||||
| Net profit | DKK bn | 4.6 | 12.9 | -4.6 | 21.3 | 23.6 | 23.0 | 23.7 | 24.6 |
| EPS reported | DKK | 27.87 | 29.00 | ||||||
| Operating cashflow per share | DKK | 42.20 | 47.65 | ||||||
| Capex per share | DKK | 0.42 | 1.17 | ||||||
| FCF per share | DKK | 41.78 | 46.48 | ||||||
| Free cash flow | DKK bn | 34.5 | 37.9 | ||||||
| Net debt | DKK bn | 911 | 400 | ||||||
| Book value equity | DKK bn | 181 | 167 | ||||||
| Book value per share | DKK | 219.1 | 204.9 | ||||||
| Number of shares | m | 826.71 | 815.92 | ||||||
| DPS (TTM paid) | DKK | 28.86 | 28.86 |
Financial summary
Financials in DKK| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 11.43 | 12.24 | ||||||
| P/B LTM | x | 1.45 | 1.70 | ||||||
| P/S LTM | x | 4.62 | 4.01 | ||||||
| P/FCF LTM | x | 7.63 | 7.51 | ||||||
| EV/EBITDA LTM | x | 37.04 | 21.63 | ||||||
| EV/Sales LTM | x | 12.33 | 9.65 | ||||||
| Earnings Yield LTM | % | 8.75% | 8.17% | ||||||
| FCF Yield | % | 13.11% | 13.32% | ||||||
| Quality | |||||||||
| ROE | % | 12.72% | 13.69% | ||||||
| ROIC | % | 0.90% | 1.03% | ||||||
| Operating margin | % | 32.26% | 29.07% | ||||||
| Gross margin | % | 59.73% | 65.14% | ||||||
| FCF/Sales | % | 36.20% | 34.82% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +0.22% | +4.28% | ||||||
| Sales Growth YoY | % | +0.76% | +25.90% | ||||||
| Net Income Growth YoY | % | -2.51% | +1.47% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -1.64% | +2.55% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 4.66% | 8.13% | ||||||
| Dividend Growth | % | -8.31% | +36.13% | ||||||
| Payout Ratio | % | 53.11% | 98.93% | ||||||
| FCF/Debt | x | 0.03 | 0.03 | ||||||
| Net Debt/EBITDA | x | 28.75 | 28.31 | ||||||
| EBIT/Net interest | x | 0.80 | 0.83 | ||||||
| Net debt/market cap | % | 346.88% | 140.58% | ||||||
| Net debt/Equity | x | 5.03 | 2.39 | ||||||
| Gross debt/equity | x | 6.27 | 6.88 | ||||||
ETFs that hold Danske Bank
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Xact OMXC25 | XACTC25.CO | 3 | 11.07% |
| Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-C | CN1G.DE | 10 | 2.38% |
| Amundi STOXX Europe 600 Technology UCITS ETF Acc | TNO.PA | 3 | 6.95% |
| Amundi STOXX Europe 600 Utilities UCITS ETF Acc | UTI.MI | 3 | 7.36% |
| iShares MSCI Denmark ETF | EDEN | 2 | 7.69% |
| Evolve European Banks Enhanced Yield ETF | EBNK.TO | 9 | 5.13% |
| Amundi STOXX Europe 600 Consumer Staples UCITS ETF Acc | FOO.PA | 9 | 4.35% |
Funds with Danske Bank among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Danske Bank A/S, established in 1871 and headquartered in Copenhagen, Denmark, delivers a wide array of financial solutions to various client segments. The bank caters to corporate, institutional, and international customers, alongside individual and private banking clients. Its offerings include insurance and pension schemes, mortgage lending, real estate brokerage, and comprehensive asset management. Danske Bank is also active in capital markets, providing trading services for fixed income products, foreign exchange, and equities. Advisory services are a key component, ranging from personal and private banking guidance to business consultations on acquisitions, ownership transitions, strategic development, and international growth. For major corporations and institutions, the bank provides specialized financing, risk management, investment solutions, and financial advisory. Additional services feature healthcare solutions and convenient online and mobile banking platforms. The bank maintains a significant presence across Denmark, Finland, Sweden, Norway, and the United Kingdom, in addition to its broader international operations.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Danske Bank A/S (DANSKE.CO)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Xact OMXC25 | XACTC25.CO | 3 | 11.07% |
| Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-C | CN1G.DE | 10 | 2.38% |
| Amundi STOXX Europe 600 Technology UCITS ETF Acc | TNO.PA | 3 | 6.95% |
| Amundi STOXX Europe 600 Utilities UCITS ETF Acc | UTI.MI | 3 | 7.36% |
| iShares MSCI Denmark ETF | EDEN | 2 | 7.69% |
| Evolve European Banks Enhanced Yield ETF | EBNK.TO | 9 | 5.13% |
| Amundi STOXX Europe 600 Consumer Staples UCITS ETF Acc | FOO.PA | 9 | 4.35% |
Funds with Danske Bank among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
Danske Bank A/S, established in 1871 and headquartered in Copenhagen, Denmark, delivers a wide array of financial solutions to various client segments. The bank caters to corporate, institutional, and international customers, alongside individual and private banking clients. Its offerings include insurance and pension schemes, mortgage lending, real estate brokerage, and comprehensive asset management. Danske Bank is also active in capital markets, providing trading services for fixed income products, foreign exchange, and equities. Advisory services are a key component, ranging from personal and private banking guidance to business consultations on acquisitions, ownership transitions, strategic development, and international growth. For major corporations and institutions, the bank provides specialized financing, risk management, investment solutions, and financial advisory. Additional services feature healthcare solutions and convenient online and mobile banking platforms. The bank maintains a significant presence across Denmark, Finland, Sweden, Norway, and the United Kingdom, in addition to its broader international operations.
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