Danske Andelskassers Bank A/S (DAB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Danske Andelskassers Bank A/S stock DKK 12.29, price DKK 14.60, that is 15.8% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range kr 7.76 – kr 19.71 · fair‑value band kr 11.29 – kr 14.17 · the kr 14.60 price screens above the kr 12.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Danske Andelskassers Bank A/S provides various banking products and services to private, small and medium-sized businesses, and agricultural customers in Denmark.
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The company offers customer programs; insurance products comprising non-life and personal insurance, and salary security; car and wind turbine loans; investment products and solutions; savings; estate processing; housing products, including mortgages; installment pension, retirement savings, and annuities; cash, card, and mobile payments; and ATM services.
It also provides leasing products; investment accounts; light insurance for the self-employed; company and termination pension; letters of credit; and foreign debt collection.
In addition, the company offers online banking; private banking; exclusive card solutions; free lawyer insurance; advice; private equity; and portfolio and investment credit products. Danske Andelskassers Bank A/S was founded in 1915 and is headquartered in Aarhus, Denmark.
Stock analysis
Danske Andelskassers Bank A/S (DAB) currently trades at kr 14.60, while our model-based Fair Value estimate is kr 12.29, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 17.22 per share, and 2 of the 6 models we run sit above the kr 14.60 price.
Bear case: the Dividend Discount group reads lowest at kr 4.40, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 11.29 (bear) to kr 14.17 (bull), the price of kr 14.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Danske Andelskassers Bank A/S reported revenue of 941M DKK in FY2025 versus 680M DKK in FY2021, a compound +8.4%/yr. Reported net income was 274M DKK in FY2025, compounding +8.5%/yr from FY2021.
Key figures
Market cap 3.3B DKK (≈ $485M) Small · P/E ratio 14.6 · P/S ratio 3.83 · EPS (TTM) kr 1.00 · Dividend yield 2.4% · Net margin 27.1% · Return on equity 7.6% · Return on assets (EBIT) 1.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −16%, DAB screens cheaper than that median.
Fair Value models
Bearkr 11.29Fair Value kr 12.29Bullkr 14.17
Price kr 14.60 · Downside -15.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.5556 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.3% vs 15.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 29%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−15.8% · Above median
Profitability
Return on equity (12 months)7.6% · Below median
Return on assets1.5% · Top 25%
Net margin (12 months)27.1% · Below median
Operating margin (12 months)33.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.0% · Above median
Dividend yield (12 months)2.4% · Below median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)14.6× · Priciest 25%
P/B1.11× · Cheaper than median
P/S (12 months)3.83× · Pricier than median
Price / free cash flow (fiscal year)11.0× · Cheaper than median
EV/EBITDA8.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)12· sector 8
FUTURE (revenue growth)55· sector 47
PAST (return on equity)31· sector 43
HEALTH (low debt)–
DIVIDEND (yield)48· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Danske Andelskassers Bank A/S Fair Value". https://www.fairvalue-calculator.com/stock/DAB
Frequently asked questions
Is Danske Andelskassers Bank A/S (DAB) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of kr 12.29 versus a price of kr 14.60, about 16% lower (overvalued).
What is the fair value of DAB?
Our model-based fair value for Danske Andelskassers Bank A/S is kr 12.29 (as of Nov 5, 2026), built from audited fundamentals. The current price: kr 14.60.
What is the quality score of DAB?
Danske Andelskassers Bank A/S has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Danske Andelskassers Bank A/S (DAB)?
Our model-based price target is the fair value of kr 12.29 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario kr 11.29, optimistic scenario kr 14.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Danske Andelskassers Bank A/S stock forecast for 2026?
Our models put fair value at kr 12.29, about 16% lower versus a price of kr 14.60 (overvalued). Cautious scenario kr 11.29, optimistic scenario kr 14.17. The calculation is refreshed regularly with new filings.
What is the revenue of Danske Andelskassers Bank A/S (DAB)?
Danske Andelskassers Bank A/S reported trailing-twelve-month revenue of about 851M DKK (latest available figure, as of Nov 5, 2026).
Does Danske Andelskassers Bank A/S pay a dividend?
Danske Andelskassers Bank A/S currently shows a dividend yield of 2.40% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Danske Andelskassers Bank A/S (DAB) and when is the ex-dividend date?
Danske Andelskassers Bank A/S pays a dividend of kr 0.35 per share a year, a dividend yield of 2.4%. The last ex-dividend date was Apr 22, 2026. A dividend has been paid every year since at least 2020. The payout ratio is 35.0% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Danske Andelskassers Bank A/S (DAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Danske Andelskassers Bank A/S it is kr 12.29 per share (as of Nov 5, 2026), against a price of kr 14.60. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Danske Andelskassers Bank A/S stock overvalued or undervalued in 2026?
As of Nov 5, 2026, DAB trades above its calculated fair value: price kr 14.60, fair value kr 12.29, a gap of about −16% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DAB?
No. The price is what the market pays today (kr 14.60); the fair value is what the company's own numbers justify (kr 12.29). For Danske Andelskassers Bank A/S the two are kr 2.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Danske Andelskassers Bank A/S worth?
The market values Danske Andelskassers Bank A/S at about 3.3B DKK (market capitalisation, as of Nov 5, 2026). Per share that is kr 14.60; our models calculate a fair value of kr 12.29 per share.
What do the bullish and bearish scenarios say about DAB?
Our models span a range for Danske Andelskassers Bank A/S: cautious scenario kr 11.29, base kr 12.29, optimistic kr 14.17 per share (as of Nov 5, 2026, price kr 14.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DAB?
Danske Andelskassers Bank A/S trades at a price-to-earnings ratio of 14.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 12.29 is built from several models across several years. Other multiples: P/B 1.1, P/S 3.8, EV/EBITDA 8.4.
How solid is the balance sheet of Danske Andelskassers Bank A/S (DAB)?
Balance-sheet figures for Danske Andelskassers Bank A/S (as of Nov 5, 2026): return on equity 7.6%, debt of 0.04 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is DAB from its 52-week high?
Danske Andelskassers Bank A/S trades at kr 14.60, about 26% below its 52-week high of kr 19.71 and 11% above the low of kr 13.10 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 12.29 is for.
Which stocks are comparable to Danske Andelskassers Bank A/S?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Danske Andelskassers Bank A/S stock attractive at the current price?
The data as of Nov 5, 2026: price kr 14.60, calculated fair value kr 12.29 (−16%), Quality Score 54/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DAB calculated?
We run Danske Andelskassers Bank A/S through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 12.29 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Danske Andelskassers Bank A/S itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Danske Andelskassers Bank A/S (DAB)?
The closing price on Nov 6, 2026 was kr 14.60. Our model-based fair value is kr 12.29, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Danske Andelskassers Bank A/S right now?
The price sits above even our optimistic bull case (kr 14.17). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Danske Andelskassers Bank A/S (DAB) come from?
Earnings per share at Danske Andelskassers Bank A/S grew +18.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −5.6 %, EBIT margin +23.2 %, tax rate +1.6 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Danske Andelskassers Bank A/S
How large is the market capitalisation of Danske Andelskassers Bank A/S (DAB)?
The market capitalisation of Danske Andelskassers Bank A/S is 3.3B DKK (≈ $485M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Danske Andelskassers Bank A/S (DAB)?
The price-to-sales ratio of Danske Andelskassers Bank A/S is 3.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Danske Andelskassers Bank A/S (DAB)?
Earnings per share at Danske Andelskassers Bank A/S are kr 1.00 (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Danske Andelskassers Bank A/S (DAB)?
The dividend yield of Danske Andelskassers Bank A/S is 2.4% (payout 35.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Danske Andelskassers Bank A/S (DAB)?
The net margin of Danske Andelskassers Bank A/S is 27.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Danske Andelskassers Bank A/S (DAB)?
The return on equity (ROE) of Danske Andelskassers Bank A/S is 7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Danske Andelskassers Bank A/S (DAB)?
On an EBIT basis the return on assets of Danske Andelskassers Bank A/S is 1.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Danske Andelskassers Bank A/S (DAB)?
The operating margin of Danske Andelskassers Bank A/S is 33.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Danske Andelskassers Bank A/S (DAB)?
Revenue at Danske Andelskassers Bank A/S is growing +11.0% versus a year earlier (3y avg +15.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Danske Andelskassers Bank A/S (DAB)?
Earnings per share at Danske Andelskassers Bank A/S are growing +5.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Danske Andelskassers Bank A/S (DAB) generate?
The free cash flow of Danske Andelskassers Bank A/S is 296M DKK (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Danske Andelskassers Bank A/S (DAB) hold?
Danske Andelskassers Bank A/S holds more cash than debt, 372M DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 5, 2026