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Djurslands Bank A/S (DJUR) Fair Value & Analysis

Financial Services · DK · Market cap 2.7B DKK

DB Djurslands Bank A/S DJUR · CO
Pricekr 1,060
Fair Valuekr 1,232
Upside+16.3%
Quality54/100
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Expensive Growth
Highly profitable · 35.3% net margin
Low debt · generates free cash flow
1.92% dividend yield
Mixed vs. peers (8/14)
Wide moat 70/100
Evidence: High Range kr 924.29 – kr 1,540 Share as image

Fair value as of: Jul 13, 2026

From 6 valuation models · updated 28 days ago

Share price +1.9% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from kr 924.29 (bear) to kr 1,540 (bull), base kr 1,232. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 1,146 kr 250.58 Fair Value kr 1,232 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range kr 250.58 – kr 1,146 · fair‑value band kr 924.29 – kr 1,540 · the kr 1,060 price screens below the kr 1,232 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Djurslands Bank A/S (DJUR) currently trades at kr 1,060, while our model-based Fair Value estimate is kr 1,232, implying the stock looks roughly 16.3% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Djurslands Bank A/S generated revenue of 701M DKK at a net margin of 35.3%. Revenue declined 1.0% year over year. It earns a return on equity of 13.6%. The balance sheet holds a net cash position of 1.2B DKK. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 924.29 (bear case) to kr 1,540 (bull case); at kr 1,060, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 16%, DJUR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Residual Income kr 680.22 kr 835.50 kr 2,000 76
Gordon GGM kr 53.99 kr 107.57 kr 162.89 70
P/E Multiple kr 924.29 kr 1,232 kr 1,540 63
All 6 models by family
Dividend Discount
Gordon GGM kr 53.99 kr 107.57 kr 162.89 70
DDM Multi-Stage kr 53.99 kr 84.05 kr 113.55 61
Multiples
P/E Multiple kr 924.29 kr 1,232 kr 1,540 63
P/B Multiple kr 765.03 kr 1,020 kr 1,275 55
Asset-Based
NCAV (Graham) kr 364.30 kr 488.16 kr 728.60 50
Economic Profit
Residual Income kr 680.22 kr 835.50 kr 2,000 76

Widest divergence: Multiples (kr 1,020) versus Dividend Discount (kr 84.05). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 701M DKK
Revenue growth (YoY) -1.0%
Net margin 35.3%
Return on equity 13.6%
Free cash flow 28.9M DKK FY2022
P/E ratio 11.3
More key figures
Operating margin 43.0%
EPS (TTM) kr 91.73
Dividend yield 1.9%
EPS growth (YoY) -3.8%
Net cash 1.2B DKK FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 48 · Market factors (momentum, volatility) 77

Profitability 38
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Djurslands Bank A/S provides various banking products and services in Denmark. The company offers saving and deposit accounts; clinic and practice financing, property financing, agriculture leasing, insurance, pension, and payment solutions, as well as self-service for businesses.

Full company description

Djurslands Bank A/S provides various banking products and services in Denmark. The company offers saving and deposit accounts; clinic and practice financing, property financing, agriculture leasing, insurance, pension, and payment solutions, as well as self-service for businesses. It also provides private banking and wealth advisory services; investment advisory services; ATMs; and private, online, and mobile banking services, as well as debit and credit cards. In addition, the company offers money laundering and terrorist financing services. It serves private customers, small and medium-sized enterprises, and public institutions. Djurslands Bank A/S was founded in 1906 and is based in Grenaa, Denmark.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Djurslands Bank A/S reported revenue of kr 785M in FY2025 versus kr 387M in FY2021, a compound +19.3%/yr. Reported net income was kr 250M in FY2025, compounding +21.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
785M DKK
Latest YoY
−1.5%
Avg. growth/yr (3Y) 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.
+20.7%
Avg. growth/yr (5Y) 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.
+16.4%
Avg. growth/yr (25Y) 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.
+5.2%
Revenue +19.3%/yr
FY21 kr 387M
FY22 kr 446M
FY23 kr 725M
FY24 kr 797M
FY25 kr 785M
Net income +21.1%/yr
FY21 kr 116M
FY22 kr 130M
FY23 kr 239M
FY24 kr 247M
FY25 kr 250M
Character of growth · EPS growth decomposed (2014-2025) +16.3 % p.a.
Revenue per share +9.7 pp

of which total revenue +9.7 pp · buybacks/dilution +0.0 pp

EBIT margin +6.7 pp
Tax rate −0.7 pp
Residual (interest, one-offs) +0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Djurslands Bank A/S Fair Value". https://www.fairvalue-calculator.com/stock/DJUR

Peer Group

Banks - Regional · 1083 stocks

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.

Quality Score 54 · Below median
Fair Value upside +16% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 35% · Above median
Operating margin (TTM) 43% · Above median
Revenue growth -1% · Bottom 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than median
P/B 1.43× · Pricier than 75% of peers
P/S (TTM) 3.91× · Pricier than median
P/FCF 14.6× · Pricier than 75% of peers
EV/EBITDA 3.7× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 55 · sector 39
FUTURE 0 · sector 44
PAST 54 · sector 41
HEALTH 99 · sector 85
DIVIDEND 38 · sector 49

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Djurslands Bank A/S (DJUR) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of kr 1,232 versus a price of kr 1,060, about +16% (undervalued).
What is the fair value of DJUR?
Our model-based fair value for Djurslands Bank A/S is kr 1,232 (as of Jul 13, 2026), built from audited fundamentals. The current price is kr 1,060.
What is the quality score of DJUR?
Djurslands 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 revenue of Djurslands Bank A/S (DJUR)?
Djurslands Bank A/S reported trailing-twelve-month revenue of about 701M DKK (latest available figure, as of Jul 13, 2026).
What is the net profit margin of DJUR?
The net profit margin of Djurslands Bank A/S is about 35.3%, meaning it keeps roughly 35.3% of revenue as net income. Based on the latest reported figures.
Does Djurslands Bank A/S pay a dividend?
Djurslands Bank A/S currently shows a dividend yield of about 2.08% relative to its recent price (as of Jul 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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