Moens Bank A/S (MNBA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Moens Bank A/S DKK 283, price DKK 385, upside -26.5%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 181.38 – kr 409.00 · fair‑value band kr 277.63 – kr 366.37 · the kr 385.00 price screens above the kr 283.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Møns Bank A/S provides banking products and services to private and wealth customers, small and medium-sized businesses in Denmark.
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Møns Bank A/S provides banking products and services to private and wealth customers, small and medium-sized businesses in Denmark. The company offers basic deposit accounts, savings, budget and flex accounts, and loans and credits; car loans and credits; housing loans; investment products; pension and insurance products; non-life insurance; payment cards; e-boxes; mobile banking; mobile pay and apple pay; online banking and meetings; and foreign payments. It also provides excess liquidity, payment processing, LEI code, cash handling, payment card, and financing solutions. Møns Bank A/S was founded in 1876 and is headquartered in Stege, Denmark.
Stock analysis
Moens Bank A/S (MNBA) currently trades at kr 385.00, while our model-based Fair Value estimate is kr 283.06, implying the stock looks roughly 36.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 337.50 per share, and 1 of the 6 models we run sit above the kr 385.00 price.
Bear case: the Asset-Based group reads lowest at kr 245.48, and 5 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 277.63 (bear) to kr 366.37 (bull), the price of kr 385.00 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 49/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Moens Bank A/S reported revenue of 271M DKK in FY2025 versus 164M DKK in FY2021, a compound +13.4%/yr. Reported net income was 51.9M DKK in FY2025, compounding +2.8%/yr from FY2021.
Key figures
Market cap 769M DKK (≈ $117M) · P/E ratio 16.0 · P/S ratio 3.08 · EPS (TTM) kr 24.01 · Dividend yield 1.0% · Net margin 19.2% · Return on equity 6.7% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −26%, MNBA screens cheaper than that median.
Fair Value models
Bear kr 277.63Fair Value kr 283.06Bull kr 366.37
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 14.69 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.0%
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.
+11.3%
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.
+10.7%
Start year 2020 (pandemic). Over 10 years: +7.5% a year
Revenue growth 23 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.
+5.9%
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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.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.9%
Dividend (yield on the price)1.0%
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.9% vs 6%, steady
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.22% → 22%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
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 · 1076 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−29% · Below median
Profitability
Return on equity (TTM)7% · Below median
Return on assets1% · Below median
Net margin (TTM)19% · Bottom 25%
Operating margin (TTM)18% · Bottom 25%
Growth and dividend
Revenue growth26% · Top 25%
Dividend yield (TTM)1.0% · Bottom 25%
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)16.0× · Priciest 25%
P/B1.09× · Cheaper than median
P/S (TTM)3.08× · Cheaper than median
P/FCF13.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)100· sector 45
PAST (return on equity)27· sector 41
HEALTH (low debt)98· sector 85
DIVIDEND (yield)21· sector 53
VALUE 0: the price sits above our fair-value range.
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). "Moens Bank A/S Fair Value". https://www.fairvalue-calculator.com/stock/MNBA
Frequently asked questions
Is Moens Bank A/S (MNBA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 283.06 versus a price of kr 385.00, about −26% upside (overvalued).
What is the fair value of MNBA?
Our model-based fair value for Moens Bank A/S is kr 283.06 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 385.00.
What is the quality score of MNBA?
Moens Bank A/S has a Quality Score of 49/100. 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 Moens Bank A/S (MNBA)?
Our model-based price target is the fair value of kr 283.06 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario kr 277.63, optimistic scenario kr 366.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Moens Bank A/S stock forecast for 2026?
Our models put fair value at kr 283.06, about −26% upside versus a price of kr 385.00 (overvalued). Cautious scenario kr 277.63, optimistic scenario kr 366.37. The calculation is refreshed regularly with new filings.
What is the revenue of Moens Bank A/S (MNBA)?
Moens Bank A/S reported trailing-twelve-month revenue of about 258M DKK (latest available figure, as of Sep 24, 2026).
Does Moens Bank A/S pay a dividend?
Moens Bank A/S currently shows a dividend yield of about 1.04% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Moens Bank A/S (MNBA)?
For today's price to be fair in a discounted-cash-flow model, Moens Bank A/S would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MNBA use?
Our models discount Moens Bank A/S at 11.0 %: a base by market capitalisation (micro), damped by beta 0.27, 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 Moens Bank A/S that is less than minus 40 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Moens Bank A/S (MNBA) delivered so far?
Over the past 5 years revenue at Moens Bank A/S grew +10.7 % a year. The price currently implies less than minus 40 % 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 Moens Bank A/S (MNBA) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Moens Bank A/S (less than minus 40 % 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 Moens Bank A/S (MNBA)?
The free-cash-flow yield on the price is 1.15 %: that much free cash flow Moens Bank A/S produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Moens Bank A/S (MNBA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Moens Bank A/S it is kr 283.06 per share (as of Sep 24, 2026), against a price of kr 385.00. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Moens Bank A/S stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MNBA trades above its calculated fair value: price kr 385.00, fair value kr 283.06, 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 MNBA?
No. The price is what the market pays today (kr 385.00); the fair value is what the company's own numbers justify (kr 283.06). For Moens Bank A/S the two are kr 101.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Moens Bank A/S worth?
The market values Moens Bank A/S at about 769M DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 385.00; our models calculate a fair value of kr 283.06 per share.
What do the bullish and bearish scenarios say about MNBA?
Our models span a range for Moens Bank A/S: cautious scenario kr 277.63, base kr 283.06, optimistic kr 366.37 per share (as of Sep 24, 2026, price kr 385.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MNBA?
Moens Bank A/S trades at a price-to-earnings ratio of 16.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 283.06 is built from several models across several years. Other multiples: P/B 1.1, P/S 3.1.
How solid is the balance sheet of Moens Bank A/S (MNBA)?
Balance-sheet figures for Moens Bank A/S (as of Sep 24, 2026): return on equity 6.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is MNBA from its 52-week high?
Moens Bank A/S trades at kr 385.00, about 6% below its 52-week high of kr 409.00 and 16% above the low of kr 330.56 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 283.06 is for.
Which stocks are comparable to Moens 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 Moens Bank A/S stock attractive at the current price?
The data as of Sep 24, 2026: price kr 385.00, calculated fair value kr 283.06 (−26%), Quality Score 49/100, 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 MNBA calculated?
We run Moens 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 283.06, 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. Moens 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 Moens Bank A/S (MNBA)?
The closing price on Sep 24, 2026 was kr 385.00. Our model-based fair value is kr 283.06, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Moens Bank A/S right now?
The price sits above even our optimistic bull case (kr 366.37). The favourable scenario is already priced in. Solid but not exceptional quality (49/100) 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 Moens Bank A/S (MNBA) come from?
Earnings per share at Moens Bank A/S grew +10.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.8 %, EBIT margin +6.6 %, tax rate +0.2 %, 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 Moens Bank A/S
How large is the market capitalisation of Moens Bank A/S (MNBA)?
The market capitalisation of Moens Bank A/S is 769M DKK (≈ $117M). 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 Moens Bank A/S (MNBA)?
The price-to-sales ratio of Moens Bank A/S is 3.08 (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 Moens Bank A/S (MNBA)?
Earnings per share at Moens Bank A/S are kr 24.01 (price ÷ EPS = P/E 16.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Moens Bank A/S (MNBA)?
The dividend yield of Moens Bank A/S is 1.0% (payout 16.7%). 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 Moens Bank A/S (MNBA)?
The net margin of Moens Bank A/S is 19.2% (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 Moens Bank A/S (MNBA)?
The return on equity (ROE) of Moens Bank A/S is 6.7% (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 Moens Bank A/S (MNBA)?
On an EBIT basis the return on assets of Moens Bank A/S is 1.7% (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 Moens Bank A/S (MNBA)?
The operating margin of Moens Bank A/S is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Moens Bank A/S (MNBA)?
Revenue at Moens Bank A/S is growing +25.9% versus a year earlier (3y avg +11.3%). 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 Moens Bank A/S (MNBA)?
Earnings per share at Moens Bank A/S are growing −27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Moens Bank A/S (MNBA) hold?
Moens Bank A/S holds more cash than debt, 1.6B DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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