Kreditbanken A/S (KRE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kreditbanken A/S stock DKK 7,304, price DKK 9,850, that is 25.8% below the price, quality 58 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 6, 2026.
How to read this chart
60‑month range kr 3,354 – kr 10,300 · fair‑value band kr 6,446 – kr 9,397 · the kr 9,850 price screens above the kr 7,304 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kreditbanken A/S provides various banking products and services to private and business customers in Denmark. It offers savings and children accounts; home, mortgage, and car loans; insurance products; and wealth products, including pension and investment products.
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Kreditbanken A/S was founded in 1926 and is headquartered in Aabenraa, Denmark.
Stock analysis
Kreditbanken A/S (KRE) currently trades at kr 9,850, while our model-based Fair Value estimate is kr 7,304, 26% 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 8,993 per share, and 1 of the 6 models we run sit above the kr 9,850 price.
Bear case: the Asset-Based group reads lowest at kr 4,821, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 6,446 (bear) to kr 9,397 (bull), the price of kr 9,850 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 58/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kreditbanken A/S reported revenue of 403M DKK in FY2025 versus 196M DKK in FY2021, a compound +19.7%/yr. Reported net income was 155M DKK in FY2025, compounding +13.8%/yr from FY2021.
Key figures
Market cap 1.7B DKK (≈ $248M) Micro · P/E ratio 11.2 · P/S ratio 4.61 · EPS (TTM) kr 881.56 · Dividend yield 2.5% · Net margin 41.0% · Return on equity 12.4% · Return on assets (EBIT) 2.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −26%, KRE screens cheaper than that median.
Fair Value models
Bearkr 6,446Fair Value kr 7,304Bullkr 9,397
Price kr 9,850 · Downside -25.8%
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 541.58 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.4%
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.
+29.5%
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.
+17.3%
Start year 2020 (pandemic). Over 10 years: +9.8% a year
Revenue growth 25 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.
+6.4%
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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.
+15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.7%
Dividend (yield on the price)2.5%
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.12.7% vs 21.2%, 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.42% → 50%
Price, fair value, quality and upside side by side.
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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 · 996 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−25.8% · Below median
Profitability
Return on equity (12 months)12.4% · Above median
Return on assets2.0% · Top 25%
Net margin (12 months)41.0% · Top 25%
Operating margin (12 months)52.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−0.1% · Bottom 25%
Dividend yield (12 months)2.5% · Below median
Balance sheet
Debt / equity0.12× · Below median
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). "Kreditbanken A/S Fair Value". https://www.fairvalue-calculator.com/stock/KRE
Frequently asked questions
Is Kreditbanken A/S (KRE) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 7,304 versus a price of kr 9,850, about 26% lower (overvalued).
What is the fair value of KRE?
Our model-based fair value for Kreditbanken A/S is kr 7,304 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 9,850.
What is the quality score of KRE?
Kreditbanken A/S has a Quality Score of 58/100. 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 Kreditbanken A/S (KRE)?
Our model-based price target is the fair value of kr 7,304 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario kr 6,446, optimistic scenario kr 9,397. It is a calculation from audited fundamentals, not an analyst target.
What is the Kreditbanken A/S stock forecast for 2026?
Our models put fair value at kr 7,304, about 26% lower versus a price of kr 9,850 (overvalued). Cautious scenario kr 6,446, optimistic scenario kr 9,397. The calculation is refreshed regularly with new filings.
What is the revenue of Kreditbanken A/S (KRE)?
Kreditbanken A/S reported trailing-twelve-month revenue of about 360M DKK (latest available figure, as of Nov 6, 2026).
Does Kreditbanken A/S pay a dividend?
Kreditbanken A/S currently shows a dividend yield of 2.54% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kreditbanken A/S (KRE) and when is the ex-dividend date?
Kreditbanken A/S pays a dividend of kr 250.00 per share a year, a dividend yield of 2.5%. The last ex-dividend date was Mar 19, 2026. A dividend has been paid every year since 2011. The payout ratio is 28.4% 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 Kreditbanken A/S (KRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kreditbanken A/S it is kr 7,304 per share (as of Nov 6, 2026), against a price of kr 9,850. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Kreditbanken A/S stock overvalued or undervalued in 2026?
As of Nov 6, 2026, KRE trades above its calculated fair value: price kr 9,850, fair value kr 7,304, a gap of about −26% (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 KRE?
No. The price is what the market pays today (kr 9,850); the fair value is what the company's own numbers justify (kr 7,304). For Kreditbanken A/S the two are kr 2,546 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kreditbanken A/S worth?
The market values Kreditbanken A/S at about 1.7B DKK (market capitalisation, as of Nov 6, 2026). Per share that is kr 9,850; our models calculate a fair value of kr 7,304 per share.
What do the bullish and bearish scenarios say about KRE?
Our models span a range for Kreditbanken A/S: cautious scenario kr 6,446, base kr 7,304, optimistic kr 9,397 per share (as of Nov 6, 2026, price kr 9,850). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KRE?
Kreditbanken A/S trades at a price-to-earnings ratio of 11.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 7,304 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.4. Other multiples: PEG 3.1, P/B 1.4, P/S 4.6, EV/EBITDA 1.7.
What is the PEG ratio of KRE?
The PEG ratio of Kreditbanken A/S is 3.11 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kreditbanken A/S (KRE)?
Balance-sheet figures for Kreditbanken A/S (as of Nov 6, 2026): return on equity 12.4%, debt of 0.12 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is KRE from its 52-week high?
Kreditbanken A/S trades at kr 9,850, about 4% below its 52-week high of kr 10,300 and 38% above the low of kr 7,131 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 7,304 is for.
Which stocks are comparable to Kreditbanken 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 Kreditbanken A/S stock attractive at the current price?
The data as of Nov 6, 2026: price kr 9,850, calculated fair value kr 7,304 (−26%), Quality Score 58/100, 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 KRE calculated?
We run Kreditbanken 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 7,304 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 13.3% above its aggregate fair value. Kreditbanken 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 Kreditbanken A/S (KRE)?
The closing price on Nov 6, 2026 was kr 9,850. Our model-based fair value is kr 7,304, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kreditbanken A/S right now?
The price sits above even our optimistic bull case (kr 9,397). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) 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 Kreditbanken A/S (KRE) come from?
Earnings per share at Kreditbanken A/S grew +21.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.9 %, EBIT margin +9.8 %, tax rate −0.4 %, 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 Kreditbanken A/S
How large is the market capitalisation of Kreditbanken A/S (KRE)?
The market capitalisation of Kreditbanken A/S is 1.7B DKK (≈ $248M). 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 Kreditbanken A/S (KRE)?
The price-to-sales ratio of Kreditbanken A/S is 4.61 (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 Kreditbanken A/S (KRE)?
Earnings per share at Kreditbanken A/S are kr 881.56 (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kreditbanken A/S (KRE)?
The dividend yield of Kreditbanken A/S is 2.5% (payout 28.4%). 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 Kreditbanken A/S (KRE)?
The net margin of Kreditbanken A/S is 41.0% (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 Kreditbanken A/S (KRE)?
The return on equity (ROE) of Kreditbanken A/S is 12.4% (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 Kreditbanken A/S (KRE)?
On an EBIT basis the return on assets of Kreditbanken A/S is 2.4% (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 Kreditbanken A/S (KRE)?
The operating margin of Kreditbanken A/S is 52.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kreditbanken A/S (KRE)?
Revenue at Kreditbanken A/S is growing −0.1% versus a year earlier (3y avg +29.5%). 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 Kreditbanken A/S (KRE)?
Earnings per share at Kreditbanken A/S are growing −4.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kreditbanken A/S (KRE) generate?
The free cash flow of Kreditbanken A/S is 19.8M DKK (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Kreditbanken A/S (KRE) hold?
Kreditbanken A/S holds more cash than debt, 1.4B DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026