Full history for every metric is available with a Kvantra account
Key financial summary
Financials in NOK| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | NOK bn | 56.0 | 55.4 | 65.4 | 81.3 | 84.8 | 89.4 | 89.6 | - |
| Operating profit | NOK bn | 53.4 | 52.1 | ||||||
| Net profit | NOK bn | 19.9 | 25.3 | 33.4 | 39.5 | 45.8 | 43.5 | 41.5 | 38.0 |
| EPS reported | NOK | 28.45 | 27.63 | ||||||
| Operating cashflow per share | NOK | 49.24 | 16.22 | ||||||
| Capex per share | NOK | 1.81 | 1.53 | ||||||
| FCF per share | NOK | 47.43 | 14.69 | ||||||
| Free cash flow | NOK bn | 69.9 | 21.2 | ||||||
| Net debt | NOK bn | 1,127 | 726 | ||||||
| Book value equity | NOK bn | 295 | 279 | ||||||
| Book value per share | NOK | 200.2 | 192.8 | ||||||
| Number of shares | m | 1,474.23 | 1,445.89 | ||||||
| DPS (TTM paid) | NOK | 18.00 | 18.00 |
Financial summary
Financials in NOK| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 9.89 | 11.01 | ||||||
| P/B LTM | x | 1.41 | 1.56 | ||||||
| P/S LTM | x | 4.64 | 4.84 | ||||||
| P/FCF LTM | x | 5.93 | 20.41 | ||||||
| EV/EBITDA LTM | x | 27.02 | 21.30 | ||||||
| EV/Sales LTM | x | 7.67 | 12.95 | ||||||
| Earnings Yield LTM | % | 10.11% | 9.08% | ||||||
| FCF Yield | % | 16.85% | 4.90% | ||||||
| Quality | |||||||||
| ROE | % | 14.75% | 14.63% | ||||||
| ROIC | % | 1.63% | 2.16% | ||||||
| Operating margin | % | 26.50% | 27.56% | ||||||
| Gross margin | % | 44.39% | 47.23% | ||||||
| FCF/Sales | % | 34.71% | 11.24% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -3.03% | -7.50% | ||||||
| Sales Growth YoY | % | +5.45% | +2.67% | ||||||
| Net Income Growth YoY | % | -4.86% | -9.88% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -2.70% | -5.77% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 5.98% | 5.92% | ||||||
| Dividend Growth | % | +7.46% | +7.46% | ||||||
| Payout Ratio | % | 59.21% | 0.00% | ||||||
| FCF/Debt | x | 0.05 | 0.02 | ||||||
| Net Debt/EBITDA | x | 19.77 | 13.34 | ||||||
| EBIT/Net interest | x | 0.48 | 0.52 | ||||||
| Net debt/market cap | % | 271.65% | 167.56% | ||||||
| Net debt/Equity | x | 3.82 | 2.61 | ||||||
| Gross debt/equity | x | 4.38 | 3.51 | ||||||
ETFs that hold DNB Bank
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| UBS S&P Dividend Aristocrats ESG Elite UCITS ETF USD dis | UBUM.DE | 7 | 1.58% |
| iShares MSCI Norway ETF | ENOR | 2 | 11.74% |
| First Trust S&P International Dividend Aristocrats ETF | FID | 7 | 1.88% |
| Evolve European Banks Enhanced Yield ETF | EBNK.TO | 1 | 5.46% |
| Amundi STOXX Europe 600 Consumer Discretionary UCITS ETF Acc | TRV.PA | 9 | 3.39% |
| Global X - MSCI Norway ETF | NORW | 2 | 11.41% |
| WisdomTree International AI Enhanced Value Fund | AIVI | 5 | 2.23% |
Funds with DNB Bank among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
DNB Bank ASA functions as a comprehensive financial services provider, serving both individual retail customers and corporate entities across Norway and internationally. For its personal banking clientele, DNB offers a broad spectrum of solutions, including various savings and investment products, a full suite of loans like home mortgages, auto, and consumer loans, alongside diverse insurance offerings for pets, homes, property, travel, and vehicles. The bank also assists with retirement savings, facilitates foreign exchange and treasury activities, and delivers convenient digital banking platforms through internet and mobile services, in addition to issuing cards. The business banking division supports enterprises with an extensive array of products, encompassing savings and investment instruments such as savings accounts, fixed-rate deposits, exchange-traded products, bonds, commercial papers, asset management, and equity services. Financing solutions are robust, featuring installment loans, overdraft facilities, bank guarantees, leasing, factoring, and trade and export financing. DNB also provides sophisticated transaction banking, research, and advisory services covering commodities, corporate finance, debt capital markets, equities, foreign exchange, interest rates, and comprehensive securities services. Digital offerings for businesses include online equity and FX trading, e-confirmation, equity execution, and investor/margin accounts, complemented by pension services. Beyond these, DNB's investment banking arm specializes in mergers and acquisitions, equity and debt capital market operations, providing expert services in foreign exchange, interest rates, equities, commodities, fixed income, research, and private equity. The bank also extends specialized corporate banking and exclusive private banking services. DNB serves a diverse range of key industries, including energy, financial institutions, healthcare, manufacturing, packaging and forest products, seafood, shipping, offshore and logistics, and the telecom, media, and technology sectors. Established in 1822, DNB Bank ASA maintains its headquarters in Oslo, Norway.
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.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| UBS S&P Dividend Aristocrats ESG Elite UCITS ETF USD dis | UBUM.DE | 7 | 1.58% |
| iShares MSCI Norway ETF | ENOR | 2 | 11.74% |
| First Trust S&P International Dividend Aristocrats ETF | FID | 7 | 1.88% |
| Evolve European Banks Enhanced Yield ETF | EBNK.TO | 1 | 5.46% |
| Amundi STOXX Europe 600 Consumer Discretionary UCITS ETF Acc | TRV.PA | 9 | 3.39% |
| Global X - MSCI Norway ETF | NORW | 2 | 11.41% |
| WisdomTree International AI Enhanced Value Fund | AIVI | 5 | 2.23% |
Funds with DNB Bank among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
DNB Bank ASA functions as a comprehensive financial services provider, serving both individual retail customers and corporate entities across Norway and internationally. For its personal banking clientele, DNB offers a broad spectrum of solutions, including various savings and investment products, a full suite of loans like home mortgages, auto, and consumer loans, alongside diverse insurance offerings for pets, homes, property, travel, and vehicles. The bank also assists with retirement savings, facilitates foreign exchange and treasury activities, and delivers convenient digital banking platforms through internet and mobile services, in addition to issuing cards. The business banking division supports enterprises with an extensive array of products, encompassing savings and investment instruments such as savings accounts, fixed-rate deposits, exchange-traded products, bonds, commercial papers, asset management, and equity services. Financing solutions are robust, featuring installment loans, overdraft facilities, bank guarantees, leasing, factoring, and trade and export financing. DNB also provides sophisticated transaction banking, research, and advisory services covering commodities, corporate finance, debt capital markets, equities, foreign exchange, interest rates, and comprehensive securities services. Digital offerings for businesses include online equity and FX trading, e-confirmation, equity execution, and investor/margin accounts, complemented by pension services. Beyond these, DNB's investment banking arm specializes in mergers and acquisitions, equity and debt capital market operations, providing expert services in foreign exchange, interest rates, equities, commodities, fixed income, research, and private equity. The bank also extends specialized corporate banking and exclusive private banking services. DNB serves a diverse range of key industries, including energy, financial institutions, healthcare, manufacturing, packaging and forest products, seafood, shipping, offshore and logistics, and the telecom, media, and technology sectors. Established in 1822, DNB Bank ASA maintains its headquarters in Oslo, Norway.
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