Danske Andelskassers Bank A/S (DAB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Danske Andelskassers Bank A/S DKK 12.90, price DKK 14.25, upside -9.5%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Danske Andelskassers Bank A/S for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range kr 7.76 – kr 19.71 · fair‑value band kr 11.64 – kr 20.39 · the kr 14.25 price screens above the kr 12.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
Follow Danske Andelskassers Bank A/S in your weekly email
Every Wednesday you see whether Danske Andelskassers Bank A/S is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Danske Andelskassers Bank A/S provides various banking products and services to private, small and medium-sized businesses, and agricultural customers in Denmark.
Show more
Danske Andelskassers Bank A/S provides various banking products and services to private, small and medium-sized businesses, and agricultural customers in Denmark. 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 14.25, while our model-based Fair Value estimate is kr 12.90, implying the stock looks roughly 10.5% fairly valued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of kr 15.96 per share, and 2 of the 6 models we run sit above the kr 14.25 price.
Bear case: the Dividend Discount group reads lowest at kr 4.44, and 4 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 11.64 (bear) to kr 20.39 (bull), the price of kr 14.25 sits inside 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 55/100 (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 3.6B DKK (≈ $543M) · P/E ratio 14.3 · P/S ratio 4.15 · EPS (TTM) kr 1.00 · Net margin 29.1% · Return on equity 7.7% · Return on assets (EBIT) 1.6% · Operating margin 12.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −9%, DAB screens cheaper than that median.
Fair Value models
Bear kr 11.64Fair Value kr 12.90Bull kr 20.39
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.7315 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.Evidence ⓘEvidence = 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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)0.0%
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% vs 16%, 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%
Start year 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.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about −9.5% a year for the price.
Compare Danske Andelskassers Bank A/S with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 1074 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−8% · Above median
Profitability
Return on equity (TTM)8% · Below median
Return on assets1% · Above median
Net margin (TTM)28% · Below median
Operating margin (TTM)13% · Bottom 25%
Growth and dividend
Revenue growth−16% · Bottom 25%
Dividend yield (TTM)2.5% · Below median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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 Sep 23, 2026, our model estimates a fair value of kr 12.90 versus a price of kr 14.25, about −9% upside (fairly valued).
What is the fair value of DAB?
Our model-based fair value for Danske Andelskassers Bank A/S is kr 12.90 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 14.25.
What is the quality score of DAB?
Danske Andelskassers Bank A/S has a Quality Score of 55/100. 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 12.90 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario kr 11.64, optimistic scenario kr 20.39. 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 12.90, about −9% upside versus a price of kr 14.25 (fairly valued). Cautious scenario kr 11.64, optimistic scenario kr 20.39. 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 864M DKK (latest available figure, as of Sep 23, 2026).
What growth is priced into Danske Andelskassers Bank A/S (DAB)?
For today's price to be fair in a discounted-cash-flow model, Danske Andelskassers Bank A/S would have to grow free cash flow by -7.6 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of DAB use?
Our models discount Danske Andelskassers Bank A/S at 8.3 %: a base by market capitalisation (mid), damped by beta 0.21, country premium for Denmark. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Danske Andelskassers Bank A/S that is -7.6 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Danske Andelskassers Bank A/S (DAB) delivered so far?
Over the past 5 years revenue at Danske Andelskassers Bank A/S grew +8.4 % a year. The price currently implies -7.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Danske Andelskassers Bank A/S (DAB) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Danske Andelskassers Bank A/S (-7.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Danske Andelskassers Bank A/S (DAB)?
The free-cash-flow yield on the price is 9.33 %: that much free cash flow Danske Andelskassers Bank A/S produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
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 12.90 per share (as of Sep 23, 2026), against a price of kr 14.25. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Danske Andelskassers Bank A/S stock overvalued or undervalued in 2026?
As of Sep 23, 2026, DAB trades above its calculated fair value: price kr 14.25, fair value kr 12.90, a gap of about −9% (fairly valued). 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 14.25); the fair value is what the company's own numbers justify (kr 12.90). For Danske Andelskassers Bank A/S the two are kr 1.35 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 3.6B DKK (market capitalisation, as of Sep 23, 2026). Per share that is kr 14.25; our models calculate a fair value of kr 12.90 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 11.64, base kr 12.90, optimistic kr 20.39 per share (as of Sep 23, 2026, price kr 14.25). 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 14.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 12.90 is built from several models across several years. Other multiples: P/B 1.2, P/S 4.3, EV/EBITDA 9.6.
How solid is the balance sheet of Danske Andelskassers Bank A/S (DAB)?
Balance-sheet figures for Danske Andelskassers Bank A/S (as of Sep 23, 2026): return on equity 7.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 55/100, 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 14.25, about 28% below its 52-week high of kr 19.71 and 1% above the low of kr 14.05 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 12.90 is for.
Which stocks are comparable to Danske Andelskassers Bank A/S?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Sep 23, 2026: price kr 14.25, calculated fair value kr 12.90 (−9%), Quality Score 55/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 12.90, 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 14.1 % 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 Sep 23, 2026 was kr 14.25. Our model-based fair value is kr 12.90, about −9% upside (fairly valued). 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 close to our fair value, market and models broadly agree here, little valuation tension. 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 3.6B DKK (≈ $543M). 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 4.15 (P/E × margin). 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 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Danske Andelskassers Bank A/S (DAB)?
The net margin of Danske Andelskassers Bank A/S is 29.1% (fiscal year 2025). 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 7.7% (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 12.7% (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 −16.1% 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 −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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.
Free · no account needed
Watch Danske Andelskassers Bank A/S in the live analysis
One click puts Danske Andelskassers Bank A/S on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
