Lån & Spar Bank A/S (LASP) Fair Value & Analysis
Financial Services · DK · Market cap 4.6B DKK
Fair value as of: Jul 18, 2026
From 6 valuation models · updated 22 days ago
Share price +5.3% over the past month.
Below-average quality, screening 12% 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 1,160 (bear) to kr 1,933 (bull), base kr 1,547. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 45/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range kr 392.40 – kr 1,711 · fair‑value band kr 1,160 – kr 1,933 · the kr 1,385 price screens below the kr 1,547 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Lån & Spar Bank A/S (LASP) currently trades at kr 1,385, while our model-based Fair Value estimate is kr 1,547, implying the stock looks roughly 11.7% undervalued today. The Quality Score stands at 45/100 (below-average 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, Lån & Spar Bank A/S generated revenue of 1.6B DKK at a net margin of 25.6%. Revenue grew 3.4% year over year. It earns a return on equity of 11.8%. The balance sheet holds a net cash position of 13.5B DKK. Fundamentals as of Jul 18, 2026
Our scenario range runs from kr 1,160 (bear case) to kr 1,933 (bull case); at kr 1,385, 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 20% below its 52-week high and 78% 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 12%, LASP 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.
All 6 models by family
Widest divergence: Multiples (kr 1,462) versus Dividend Discount (kr 302.96). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 71
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
Lån & Spar Bank A/S provides various banking products and services in Denmark. The company offers deposits, savings, student, grandchild, budget, salary, and payment accounts; private, car, caravan, motorcycle, housing, mortgage, cottage, business, and energy loans; cards; and payment services.
Full company description
Lån & Spar Bank A/S provides various banking products and services in Denmark. The company offers deposits, savings, student, grandchild, budget, salary, and payment accounts; private, car, caravan, motorcycle, housing, mortgage, cottage, business, and energy loans; cards; and payment services. It also provides pension and investment products; and private, life, health, and other insurance products, as well as online and mobile banking services. Lån & Spar Bank A/S was founded in 1880 and is headquartered in Copenhagen, Denmark.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lån & Spar Bank A/S reported revenue of kr 1.9B in FY2025 versus kr 1.0B in FY2021, a compound +17.7%/yr. Reported net income was kr 411M in FY2025, compounding +19.4%/yr from FY2021.
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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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 18, 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
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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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