DNB Bank ASA Logo

DNB Bank ASA

DNB.OL

(3.0)
Stock Price

214,00 NOK

1.1% ROA

15.03% ROE

8.33x PER

Market Cap.

335.054.892.000,00 NOK

353.44% DER

5.76% Yield

48.59% NPM

DNB Bank ASA Stock Analysis

DNB Bank ASA Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

DNB Bank ASA Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (15.38%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

3 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

4 ROA

The stock's ROA (1.1%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.18x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Revenue Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

7 Net Profit Growth

The net profit of this company has shown steady growth over the past three years, highlighting its positive financial trajectory and making it an appealing choice for potential investors.

8 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

9 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (469) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 DER

The company has a high debt to equity ratio (353%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

11 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

DNB Bank ASA Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

DNB Bank ASA Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

DNB Bank ASA Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

DNB Bank ASA Revenue
Year Revenue Growth
2002 9.225.000.000
2003 10.435.000.000 11.6%
2004 23.902.000.000 56.34%
2005 29.933.000.000 20.15%
2006 47.226.000.000 36.62%
2007 57.497.000.000 17.86%
2008 37.092.000.000 -55.01%
2009 55.397.000.000 33.04%
2010 58.805.000.000 5.8%
2011 53.401.000.000 -10.12%
2012 60.460.000.000 11.68%
2013 66.350.000.000 8.88%
2014 49.136.000.000 -35.03%
2015 54.065.000.000 9.12%
2016 50.975.000.000 -6.06%
2017 51.255.000.000 0.55%
2018 50.053.000.000 -2.4%
2019 54.446.000.000 8.07%
2020 55.997.000.000 2.77%
2021 55.390.000.000 -1.1%
2022 65.498.000.000 15.43%
2023 84.140.000.000 22.16%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

DNB Bank ASA Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

DNB Bank ASA General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 6.480.000.000
2003 7.058.000.000 8.19%
2004 3.678.000.000 -91.9%
2005 0 0%
2006 12.555.000.000 100%
2007 18.355.000.000 31.6%
2008 14.851.000.000 -23.59%
2009 16.098.000.000 7.75%
2010 16.232.000.000 0.83%
2011 17.116.000.000 5.16%
2012 18.521.000.000 7.59%
2013 17.456.000.000 -6.1%
2014 11.611.000.000 -50.34%
2015 10.296.000.000 -12.77%
2016 12.173.000.000 15.42%
2017 12.828.000.000 5.11%
2018 12.707.000.000 -0.95%
2019 12.595.000.000 -0.89%
2020 12.835.000.000 1.87%
2021 13.737.000.000 6.57%
2022 14.929.000.000 7.98%
2023 15.772.000.000 5.34%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

DNB Bank ASA EBITDA
Year EBITDA Growth
2002 20.036.000.000
2003 18.823.000.000 -6.44%
2004 25.450.000.000 26.04%
2005 29.472.000.000 13.65%
2006 42.326.000.000 30.37%
2007 62.080.000.000 31.82%
2008 74.725.000.000 16.92%
2009 49.881.000.000 -49.81%
2010 53.048.000.000 5.97%
2011 53.883.000.000 1.55%
2012 55.339.000.000 2.63%
2013 54.897.000.000 -0.81%
2014 58.088.000.000 5.49%
2015 56.054.000.000 -3.63%
2016 43.710.000.000 -28.24%
2017 47.210.000.000 7.41%
2018 54.448.000.000 13.29%
2019 34.041.000.000 -59.95%
2020 27.410.000.000 -24.19%
2021 36.152.000.000 24.18%
2022 75.280.000.000 51.98%
2023 56.264.000.000 -33.8%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

DNB Bank ASA Gross Profit
Year Gross Profit Growth
2002 9.225.000.000
2003 10.435.000.000 11.6%
2004 23.902.000.000 56.34%
2005 29.933.000.000 20.15%
2006 47.226.000.000 36.62%
2007 57.497.000.000 17.86%
2008 37.092.000.000 -55.01%
2009 55.397.000.000 33.04%
2010 58.805.000.000 5.8%
2011 53.401.000.000 -10.12%
2012 60.460.000.000 11.68%
2013 66.350.000.000 8.88%
2014 49.136.000.000 -35.03%
2015 54.065.000.000 9.12%
2016 50.975.000.000 -6.06%
2017 51.255.000.000 0.55%
2018 50.053.000.000 -2.4%
2019 54.446.000.000 8.07%
2020 55.997.000.000 2.77%
2021 55.390.000.000 -1.1%
2022 65.498.000.000 15.43%
2023 84.140.000.000 22.16%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

DNB Bank ASA Net Profit
Year Net Profit Growth
2002 2.334.000.000
2003 3.017.000.000 22.64%
2004 6.786.000.000 55.54%
2005 10.144.000.000 33.1%
2006 11.665.000.000 13.04%
2007 14.780.000.000 21.08%
2008 9.211.000.000 -60.46%
2009 8.585.000.000 -7.29%
2010 14.814.000.000 42.05%
2011 12.979.000.000 -14.14%
2012 13.657.000.000 4.96%
2013 17.526.000.000 22.08%
2014 20.617.000.000 14.99%
2015 24.762.000.000 16.74%
2016 19.251.000.000 -28.63%
2017 21.803.000.000 11.7%
2018 24.282.000.000 10.21%
2019 25.726.000.000 5.61%
2020 19.854.000.000 -29.58%
2021 25.329.000.000 21.62%
2022 32.780.000.000 22.73%
2023 40.548.000.000 19.16%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

DNB Bank ASA Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 3
2003 28 92.59%
2004 6 -440%
2005 7 28.57%
2006 8 12.5%
2007 11 20%
2008 7 -66.67%
2009 6 0%
2010 9 33.33%
2011 8 -28.57%
2012 8 12.5%
2013 11 20%
2014 13 16.67%
2015 15 14.29%
2016 11 -27.27%
2017 13 8.33%
2018 15 20%
2019 16 6.25%
2020 12 -33.33%
2021 16 20%
2022 21 28.57%
2023 26 16%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

DNB Bank ASA Free Cashflow
Year Free Cashflow Growth
2002 -3.473.000.000
2003 -11.593.000.000 70.04%
2004 -10.329.000.000 -12.24%
2005 -40.623.000.000 74.57%
2006 -75.864.000.000 46.45%
2007 -48.560.000.000 -56.23%
2008 -87.337.000.000 44.4%
2009 -64.474.000.000 -35.46%
2010 14.678.000.000 539.26%
2011 113.948.000.000 87.12%
2012 18.113.000.000 -529.1%
2013 -100.747.000.000 117.98%
2014 -150.078.000.000 32.87%
2015 -43.092.000.000 -248.27%
2016 213.832.000.000 120.15%
2017 -26.962.000.000 893.09%
2018 28.741.000.000 193.81%
2019 27.375.000.000 -4.99%
2020 80.738.000.000 66.09%
2021 37.099.000.000 -117.63%
2022 32.798.000.000 -13.11%
2023 73.936.000.000 55.64%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

DNB Bank ASA Operating Cashflow
Year Operating Cashflow Growth
2002 -3.302.000.000
2003 -11.441.000.000 71.14%
2004 -9.982.000.000 -14.62%
2005 -39.472.000.000 74.71%
2006 -74.932.000.000 47.32%
2007 -48.560.000.000 -54.31%
2008 -83.793.000.000 42.05%
2009 -63.356.000.000 -32.26%
2010 16.710.000.000 479.15%
2011 116.686.000.000 85.68%
2012 25.097.000.000 -364.94%
2013 -96.866.000.000 125.91%
2014 -147.566.000.000 34.36%
2015 -43.092.000.000 -242.44%
2016 215.372.000.000 120.01%
2017 -24.657.000.000 973.47%
2018 31.024.000.000 179.48%
2019 29.974.000.000 -3.5%
2020 84.573.000.000 64.56%
2021 41.585.000.000 -103.37%
2022 36.311.000.000 -14.52%
2023 74.885.000.000 51.51%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

DNB Bank ASA Capital Expenditure
Year Capital Expenditure Growth
2002 171.000.000
2003 152.000.000 -12.5%
2004 347.000.000 56.2%
2005 1.151.000.000 69.85%
2006 932.000.000 -23.5%
2007 0 0%
2008 3.544.000.000 100%
2009 1.118.000.000 -216.99%
2010 2.032.000.000 44.98%
2011 2.738.000.000 25.79%
2012 6.984.000.000 60.8%
2013 3.881.000.000 -79.95%
2014 2.512.000.000 -54.5%
2015 0 0%
2016 1.540.000.000 100%
2017 2.305.000.000 33.19%
2018 2.283.000.000 -0.96%
2019 2.599.000.000 12.16%
2020 3.835.000.000 32.23%
2021 4.486.000.000 14.51%
2022 3.513.000.000 -27.7%
2023 949.000.000 -270.18%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

DNB Bank ASA Equity
Year Equity Growth
2002 26.117.000.000
2003 42.115.000.000 37.99%
2004 37.738.000.000 -11.6%
2005 57.407.000.000 34.26%
2006 64.211.000.000 10.6%
2007 73.314.000.000 12.42%
2008 77.065.000.000 4.87%
2009 98.648.000.000 21.88%
2010 111.197.000.000 11.29%
2011 117.815.000.000 5.62%
2012 128.036.000.000 7.98%
2013 142.227.000.000 9.98%
2014 158.723.000.000 10.39%
2015 190.079.000.000 16.5%
2016 206.103.000.000 7.77%
2017 216.896.000.000 4.98%
2018 223.967.000.000 3.16%
2019 242.256.000.000 7.55%
2020 248.397.000.000 2.47%
2021 243.911.000.000 -1.84%
2022 259.099.000.000 5.86%
2023 264.102.000.000 1.89%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

DNB Bank ASA Assets
Year Assets Growth
2002 385.165.000.000
2003 705.677.000.000 45.42%
2004 712.525.000.000 0.96%
2005 1.081.191.000.000 34.1%
2006 1.320.242.000.000 18.11%
2007 1.473.919.000.000 10.43%
2008 1.831.699.000.000 19.53%
2009 1.823.453.000.000 -0.45%
2010 1.861.620.000.000 2.05%
2011 2.126.098.000.000 12.44%
2012 2.264.845.000.000 6.13%
2013 2.389.438.000.000 5.21%
2014 2.649.341.000.000 9.81%
2015 2.598.530.000.000 -1.96%
2016 2.653.201.000.000 2.06%
2017 2.698.268.000.000 1.67%
2018 2.634.903.000.000 -2.4%
2019 2.793.294.000.000 5.67%
2020 2.918.943.000.000 4.3%
2021 2.919.244.000.000 0.01%
2022 3.236.431.000.000 9.8%
2023 3.649.099.000.000 11.31%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

DNB Bank ASA Liabilities
Year Liabilities Growth
2002 359.048.000.000
2003 663.562.000.000 45.89%
2004 674.787.000.000 1.66%
2005 1.022.838.000.000 34.03%
2006 1.253.830.000.000 18.42%
2007 1.397.943.000.000 10.31%
2008 1.750.423.000.000 20.14%
2009 1.722.050.000.000 -1.65%
2010 1.750.423.000.000 1.62%
2011 2.008.283.000.000 12.84%
2012 2.136.809.000.000 6.01%
2013 2.247.211.000.000 4.91%
2014 2.490.618.000.000 9.77%
2015 2.408.451.000.000 -3.41%
2016 2.447.098.000.000 1.58%
2017 2.481.372.000.000 1.38%
2018 2.410.936.000.000 -2.92%
2019 2.551.038.000.000 5.49%
2020 2.670.546.000.000 4.48%
2021 2.675.333.000.000 0.18%
2022 2.977.332.000.000 10.14%
2023 3.384.997.000.000 12.04%

DNB Bank ASA Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
51.86
Net Income per Share
26.07
Price to Earning Ratio
8.33x
Price To Sales Ratio
4.21x
POCF Ratio
3.19
PFCF Ratio
3.31
Price to Book Ratio
1.26
EV to Sales
7.63
EV Over EBITDA
5.47
EV to Operating CashFlow
5.81
EV to FreeCashFlow
6.01
Earnings Yield
0.12
FreeCashFlow Yield
0.3
Market Cap
335,05 Bil.
Enterprise Value
607,40 Bil.
Graham Number
317.61
Graham NetNet
-1775.61

Income Statement Metrics

Net Income per Share
26.07
Income Quality
5.12
ROE
0.15
Return On Assets
0.01
Return On Capital Employed
0.03
Net Income per EBT
0.78
EBT Per Ebit
0.54
Ebit per Revenue
1.15
Effective Tax Rate
0.21

Margins

Sales, General, & Administrative to Revenue
0.2
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
1
Operating Profit Margin
1.15
Pretax Profit Margin
0.62
Net Profit Margin
0.49

Dividends

Dividend Yield
0.06
Dividend Yield %
5.76
Payout Ratio
0.48
Dividend Per Share
12.5

Operating Metrics

Operating Cashflow per Share
68.15
Free CashFlow per Share
65.9
Capex to Operating CashFlow
-0.03
Capex to Revenue
-0.04
Capex to Depreciation
-3.78
Return on Invested Capital
0.07
Return on Tangible Assets
0.01
Days Sales Outstanding
0
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0
Payables Turnover
0
Inventory Turnover
0
Capex per Share
-2.25

Balance Sheet

Cash per Share
430,42
Book Value per Share
172,00
Tangible Book Value per Share
172.12
Shareholders Equity per Share
172
Interest Debt per Share
663.58
Debt to Equity
3.53
Debt to Assets
0.26
Net Debt to EBITDA
2.45
Current Ratio
1.71
Tangible Asset Value
253,68 Bil.
Net Current Asset Value
-2.724,55 Bil.
Invested Capital
3.53
Working Capital
274,53 Bil.
Intangibles to Total Assets
0
Average Receivables
0,00 Bil.
Average Payables
0,00 Bil.
Average Inventory
0
Debt to Market Cap
2.78

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

DNB Bank ASA Dividends
Year Dividends Growth
2004 2
2005 3 0%
2006 4 33.33%
2007 4 25%
2008 5 0%
2010 1 -300%
2011 4 75%
2012 2 -100%
2013 2 0%
2014 3 0%
2015 4 33.33%
2016 5 25%
2017 6 20%
2018 7 28.57%
2019 8 12.5%
2020 9 11.11%
2021 17 47.06%
2022 10 -88.89%
2023 13 25%

DNB Bank ASA Profile

About DNB Bank ASA

DNB Bank ASA provides financial services for retail and corporate customers in Norway and internationally. The company offers personal banking products and services, including savings and investment products; loans, such as home mortgages, and car and consumer loans; pet, home and property, travel, and personal insurance products, as well as insurance products for vehicles; retirement savings products; foreign exchange and treasury activities; and Internet and mobile banking services, as well as cards. It also provides business banking products and services comprising savings and investment products consisting of savings accounts, fixed rate deposits, exchange traded products, bonds and commercial papers, asset management, and equity services; financing, such as installment loans, overdraft facility, bank guarantees, leasing, factoring, and trade and export financing services; transaction banking services; research, commodities, bonds and commercial papers, corporate finance, debt capital market, equities, foreign exchange and interest rates, and securities services; and Internet services, including online equity trading, online FX trading, e-confirmation, equities execution, and investor and margin accounts, as well as pension services. In addition, the company provides investment banking services, such as mergers and acquisition, and equity and debt capital market services; foreign exchange, interest rates, equities, commodities, fixed income, research, private equity, and securities services; and corporate banking services. Further, it offers private banking services. The company offers its products and services to various sectors, including energy; financial institutions; healthcare; manufacturing; packaging and forest products; seafood; shipping, offshore, and logistics; and telecom, media, and technology. DNB Bank ASA was founded in 1822 and is headquartered in Oslo, Norway.

CEO
Ms. Kjerstin Rasmussen Braathe
Employee
10.800
Address
Dronning Eufemias gate 30
Oslo, 0191

DNB Bank ASA Executives & BODs

DNB Bank ASA Executives & BODs
# Name Age
1 Mr. Rune Helland
Head of Investor Relations
70
2 Anne Engebretsen
Senior Vice President of Investor Relations
70
3 Tor Steenfeldt-Foss
Group Executive Vice President of Audit
70
4 Ms. Vibeke Hansen Lewin
Executive Vice President of Media
70
5 Mr. Hakon Elvekrok Hansen
Group Executive Vice President of Wealth Management
70
6 Mr. Harald Serck-Hanssen
Group Executive Vice President of Corporate Banking
70
7 Mr. Morten Opstad
Group Executive Vice President of Markets
70
8 Ms. Kjerstin Rasmussen Braathen
Group Chief Executive Officer
70
9 Ms. Ida Lerner
Group Chief Financial Officer
70
10 Ms. Anne Sigrun Moen
Group Executive Vice President of People
70

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