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Møns Bank A/S (MNBA) Fair Value & Analysis

Financial Services · DK · Market cap 752M DKK

MB Møns Bank A/S MNBA · CO
Pricekr 395.00
Fair Valuekr 337.50
Upside-14.6%
Quality49/100
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Expensive Growth
Solidly profitable · 18.6% net margin
Low debt · generates free cash flow
1.07% dividend yield
Trails peers (5/13)
Moderate moat 54/100
Evidence: High Range kr 253.12 – kr 421.87 Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 22 days ago

Share price +2.6% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • 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.
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Price vs Fair Value (5 years)

kr 404.00 kr 172.33 Fair Value kr 337.50 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 172.33 – kr 404.00 · fair‑value band kr 253.12 – kr 421.87 · the kr 395.00 price screens above the kr 337.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Møns Bank A/S (MNBA) currently trades at kr 395.00, while our model-based Fair Value estimate is kr 337.50, implying the stock looks roughly 14.6% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Møns Bank A/S generated revenue of 245M DKK at a net margin of 21.2%. Revenue declined 13.0% year over year. It earns a return on equity of 7.3%. The balance sheet holds a net cash position of 1.6B DKK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 253.12 (bear case) to kr 421.87 (bull case); at kr 395.00, 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 3% below its 52-week high and 55% 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 -15%, MNBA 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 277.63 kr 283.06 kr 280.57 76
Gordon GGM kr 10.90 kr 19.64 kr 27.04 70
P/E Multiple kr 253.12 kr 337.50 kr 421.87 63
All 6 models by family
Dividend Discount
Gordon GGM kr 10.90 kr 19.64 kr 27.04 70
DDM Multi-Stage kr 10.90 kr 16.35 kr 20.98 61
Multiples
P/E Multiple kr 253.12 kr 337.50 kr 421.87 63
P/B Multiple kr 331.01 kr 441.35 kr 551.68 55
Asset-Based
NCAV (Graham) kr 183.19 kr 245.48 kr 366.38 50
Economic Profit
Residual Income kr 277.63 kr 283.06 kr 280.57 76

Widest divergence: Multiples (kr 337.50) versus Dividend Discount (kr 16.35). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 258M DKK
Revenue growth (YoY) +25.9%
Net margin 18.6%
Return on equity 6.7%
Free cash flow 8.8M DKK FY2023
P/E ratio 15.7
More key figures
Operating margin 18.2%
EPS (TTM) kr 24.01
Dividend yield 1.1%
EPS growth (YoY) -27.9%
Net cash 1.6B DKK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 57 · Market factors (momentum, volatility) 70

Profitability 30
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 83
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

Møns Bank A/S provides banking products and services to private and wealth customers, small and medium-sized businesses in Denmark.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Møns Bank A/S reported revenue of kr 271M in FY2025 versus kr 164M in FY2021, a compound +13.4%/yr. Reported net income was kr 51.9M in FY2025, compounding +2.8%/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)
271M DKK
Latest YoY
+0.0%
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.
+11.3%
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.
+10.7%
Avg. growth/yr (23Y) 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.
+5.9%
Revenue +13.4%/yr
FY21 kr 164M
FY22 kr 196M
FY23 kr 262M
FY24 kr 271M
FY25 kr 271M
Net income +2.8%/yr
FY21 kr 46.4M
FY22 kr 47.3M
FY23 kr 88.1M
FY24 kr 83.8M
FY25 kr 51.9M
Character of growth · EPS growth decomposed (2014-2025) +10.9 % p.a.
Revenue per share +3.8 pp

of which total revenue +7.5 pp · buybacks/dilution −3.7 pp

EBIT margin +6.6 pp
Tax rate +0.2 pp
Residual (interest, one-offs) +0.3 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).

MNBA screens 15% overvalued. Compare with PT Bank Central Asia Tbk →

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

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 58 · Above median
Fair Value upside −15% · Below median
Return on equity (TTM) 7% · Below median
Return on assets 1% · Below median
Net margin (TTM) 19% · Bottom 25%
Operating margin (TTM) 18% · Bottom 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.05× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 15.7× · Pricier than 75% of peers
P/B 1.03× · Cheaper than median
P/S (TTM) 2.91× · Cheaper than median
P/FCF 13.2× · Pricier than median

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 14 · sector 39
FUTURE 100 · sector 44
PAST 27 · sector 41
HEALTH 98 · sector 85
DIVIDEND 21 · sector 49

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 19, 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 Møns Bank A/S (MNBA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 337.50 versus a price of kr 395.00, about −15% (overvalued).
What is the fair value of MNBA?
Our model-based fair value for Møns Bank A/S is kr 337.50 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 395.00.
What is the quality score of MNBA?
Møns 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 revenue of Møns Bank A/S (MNBA)?
Møns Bank A/S reported trailing-twelve-month revenue of about 245M DKK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MNBA?
The net profit margin of Møns Bank A/S is about 21.2%, meaning it keeps roughly 21.2% of revenue as net income. Based on the latest reported figures.

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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