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Danske Bank A/S ADR
Buy, Hold or Sell?

Let's analyse Danske Bank A/S ADR together

PenkeI guess you are interested in Danske Bank A/S ADR. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Danske Bank A/S ADR. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Danske Bank A/S ADR (30 sec.)










What can you expect buying and holding a share of Danske Bank A/S ADR? (30 sec.)

How much money do you get?

How much money do you get?
$1.06
When do you have the money?
1 year
How often do you get paid?
90.0%

What is your share worth?

Current worth
$14.66
Expected worth in 1 year
$15.27
How sure are you?
82.5%

+ What do you gain per year?

Total Gains per Share
$1.68
Return On Investment
11.4%

For what price can you sell your share?

Current Price per Share
$14.71
Expected price per share
$13.37 - $15.28
How sure are you?
50%

1. Valuation of Danske Bank A/S ADR (5 min.)




Live pricePrice per Share (EOD)

$14.71

Intrinsic Value Per Share

$-25.24 - $28.03

Total Value Per Share

$-10.58 - $42.68

2. Growth of Danske Bank A/S ADR (5 min.)




Is Danske Bank A/S ADR growing?

Current yearPrevious yearGrowGrow %
How rich?$25.2b$23.7b$1.2b4.9%

How much money is Danske Bank A/S ADR making?

Current yearPrevious yearGrowGrow %
Making money$789.6m-$96.5m$886.2m112.2%
Net Profit Margin38.7%-9.3%--

How much money comes from the company's main activities?

3. Financial Health of Danske Bank A/S ADR (5 min.)




4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

What can you expect buying and holding a share of Danske Bank A/S ADR? (5 min.)

Welcome investor! Danske Bank A/S ADR's management wants to use your money to grow the business. In return you get a share of Danske Bank A/S ADR.

What can you expect buying and holding a share of Danske Bank A/S ADR?

First you should know what it really means to hold a share of Danske Bank A/S ADR. And how you can make/lose money.

Speculation

The Price per Share of Danske Bank A/S ADR is $14.71. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Danske Bank A/S ADR.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Danske Bank A/S ADR, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $14.66. Based on the TTM, the Book Value Change Per Share is $0.15 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.28 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.26 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Danske Bank A/S ADR.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.483.2%0.463.1%-0.06-0.4%0.211.4%0.120.8%
Usd Book Value Change Per Share-0.33-2.3%0.151.1%-0.28-1.9%0.060.4%0.040.3%
Usd Dividend Per Share0.543.7%0.261.8%0.010.0%0.100.7%0.151.0%
Usd Total Gains Per Share0.211.4%0.422.8%-0.27-1.8%0.161.1%0.191.3%
Usd Price Per Share15.26-13.10-8.30-8.98-11.91-
Price to Earnings Ratio8.02-7.08-5.86-6.92-61.40-
Price-to-Total Gains Ratio72.53-38.07-9.57-21.76-31.72-
Price to Book Ratio1.04-0.90-0.60-0.62-0.85-
Price-to-Total Gains Ratio72.53-38.07-9.57-21.76-31.72-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share14.71
Number of shares67
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.260.10
Usd Book Value Change Per Share0.150.06
Usd Total Gains Per Share0.420.16
Gains per Quarter (67 shares)28.0610.59
Gains per Year (67 shares)112.2442.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
17141102271532
214183214543074
32121243268245116
428316643810961158
535420755013676200
642424966216391242
7495290774190106284
8566332886218121326
9637373998245136368
107074151110272152410

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%11.01.00.091.7%18.02.00.090.0%37.03.00.092.5%82.05.01.093.2%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%14.06.00.070.0%27.013.00.067.5%64.024.00.072.7%
Dividend per Share2.00.02.050.0%8.00.04.066.7%16.00.04.080.0%36.00.04.090.0%54.00.034.061.4%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%16.04.00.080.0%33.07.00.082.5%73.015.00.083.0%

Fundamentals of Danske Bank A/S ADR

About Danske Bank A/S ADR

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities. It also provides advisory services to personal and private banking customers; and business advisory services, including acquisition, change of ownership, strategic development, or international expansion. In addition, the company offers financing, risk management, investment, and financial advisory services for large corporates and institutions; healthcare solutions; and online and mobile banking services. It has operations in Denmark, Finland, Sweden, Norway, the United Kingdom, and internationally. The company was founded in 1871 and is headquartered in Copenhagen, Denmark.

Fundamental data was last updated by Penke on 2024-05-16 03:14:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Danske Bank A/S ADR.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Danske Bank A/S ADR earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • A Net Profit Margin of 40.4% means that $0.40 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Danske Bank A/S ADR:

  • The MRQ is 40.4%. The company is making a huge profit. +2
  • The TTM is 38.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ40.4%TTM38.7%+1.7%
TTM38.7%YOY-9.3%+48.0%
TTM38.7%5Y19.6%+19.0%
5Y19.6%10Y24.9%-5.3%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ40.4%38.5%+1.9%
TTM38.7%29.6%+9.1%
YOY-9.3%26.3%-35.6%
5Y19.6%23.6%-4.0%
10Y24.9%20.4%+4.5%
1.1.2. Return on Assets

Shows how efficient Danske Bank A/S ADR is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • 0.2% Return on Assets means that Danske Bank A/S ADR generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Danske Bank A/S ADR:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.1%+0.0%
TTM0.1%YOY0.0%+0.2%
TTM0.1%5Y0.1%+0.1%
5Y0.1%10Y0.1%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%0.3%-0.1%
TTM0.1%0.2%-0.1%
YOY0.0%0.2%-0.2%
5Y0.1%0.2%-0.1%
10Y0.1%0.2%-0.1%
1.1.3. Return on Equity

Shows how efficient Danske Bank A/S ADR is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • 3.2% Return on Equity means Danske Bank A/S ADR generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Danske Bank A/S ADR:

  • The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.2%TTM3.2%+0.1%
TTM3.2%YOY-0.5%+3.7%
TTM3.2%5Y1.5%+1.7%
5Y1.5%10Y1.9%-0.4%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2%3.1%+0.1%
TTM3.2%2.5%+0.7%
YOY-0.5%2.7%-3.2%
5Y1.5%2.5%-1.0%
10Y1.9%2.8%-0.9%

1.2. Operating Efficiency of Danske Bank A/S ADR.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Danske Bank A/S ADR is operating .

  • Measures how much profit Danske Bank A/S ADR makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Danske Bank A/S ADR:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM70.0%-70.0%
TTM70.0%YOY135.7%-65.6%
TTM70.0%5Y41.1%+28.9%
5Y41.1%10Y20.6%+20.6%
1.2.2. Operating Ratio

Measures how efficient Danske Bank A/S ADR is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • An Operation Ratio of 0.45 means that the operating costs are $0.45 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Danske Bank A/S ADR:

  • The MRQ is 0.455. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.493. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.455TTM0.493-0.038
TTM0.493YOY0.960-0.467
TTM0.4935Y0.692-0.199
5Y0.69210Y0.645+0.047

1.3. Liquidity of Danske Bank A/S ADR.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Danske Bank A/S ADR is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
  • A Current Ratio of 10.46 means the company has $10.46 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Danske Bank A/S ADR:

  • The MRQ is 10.464. The company is very able to pay all its short-term debts. +2
  • The TTM is 7.741. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ10.464TTM7.741+2.723
TTM7.741YOY5.999+1.742
TTM7.7415Y24.185-16.444
5Y24.18510Y22.552+1.633
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM7.7410.124+7.617
YOY5.9990.167+5.832
5Y24.1850.207+23.978
10Y22.5520.131+22.421
1.3.2. Quick Ratio

Measures if Danske Bank A/S ADR is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • A Quick Ratio of -2.62 means the company can pay off $-2.62 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Danske Bank A/S ADR:

  • The MRQ is -2.615. The company is unable to pay all its short-term debts with the most liquid assets. -2
  • The TTM is 4.471. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ-2.615TTM4.471-7.086
TTM4.471YOY5.999-1.528
TTM4.4715Y23.694-19.222
5Y23.69410Y24.292-0.599

1.4. Solvency of Danske Bank A/S ADR.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Danske Bank A/S ADR assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Danske Bank A/S ADR to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.95 means that Danske Bank A/S ADR assets are financed with 95.3% credit (debt) and the remaining percentage (100% - 95.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Danske Bank A/S ADR:

  • The MRQ is 0.953. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.954. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.953TTM0.954-0.001
TTM0.954YOY0.959-0.005
TTM0.9545Y0.957-0.003
5Y0.95710Y0.956+0.001
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9530.915+0.038
TTM0.9540.916+0.038
YOY0.9590.918+0.041
5Y0.9570.919+0.038
10Y0.9560.926+0.030
1.4.2. Debt to Equity Ratio

Measures if Danske Bank A/S ADR is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • A Debt to Equity ratio of 2,039.2% means that company has $20.39 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Danske Bank A/S ADR:

  • The MRQ is 20.392. The company is unable to pay all its debts with equity. -1
  • The TTM is 20.921. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ20.392TTM20.921-0.528
TTM20.921YOY23.463-2.542
TTM20.9215Y22.311-1.390
5Y22.31110Y21.603+0.708
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ20.39210.799+9.593
TTM20.92110.909+10.012
YOY23.46311.266+12.197
5Y22.31111.324+10.987
10Y21.60312.886+8.717

2. Market Valuation of Danske Bank A/S ADR

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Danske Bank A/S ADR generates.

  • Above 15 is considered overpriced but always compare Danske Bank A/S ADR to the Banks - Regional industry mean.
  • A PE ratio of 8.02 means the investor is paying $8.02 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Danske Bank A/S ADR:

  • The EOD is 7.731. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.020. Based on the earnings, the company is underpriced. +1
  • The TTM is 7.082. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD7.731MRQ8.020-0.289
MRQ8.020TTM7.082+0.938
TTM7.082YOY5.863+1.219
TTM7.0825Y6.918+0.164
5Y6.91810Y61.404-54.486
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD7.7313.675+4.056
MRQ8.0203.418+4.602
TTM7.0824.741+2.341
YOY5.8636.901-1.038
5Y6.9189.496-2.578
10Y61.4049.770+51.634
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Danske Bank A/S ADR:

  • The EOD is -13.418. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -13.920. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -5.174. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-13.418MRQ-13.920+0.502
MRQ-13.920TTM-5.174-8.746
TTM-5.174YOY-0.069-5.105
TTM-5.1745Y-1.522-3.652
5Y-1.52210Y12.001-13.524
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD-13.418-2.538-10.880
MRQ-13.920-2.360-11.560
TTM-5.174-1.072-4.102
YOY-0.0696.461-6.530
5Y-1.5220.248-1.770
10Y12.0010.032+11.969
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Danske Bank A/S ADR is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • A PB ratio of 1.04 means the investor is paying $1.04 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Danske Bank A/S ADR:

  • The EOD is 1.004. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.041. Based on the equity, the company is underpriced. +1
  • The TTM is 0.896. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.004MRQ1.041-0.038
MRQ1.041TTM0.896+0.145
TTM0.896YOY0.597+0.299
TTM0.8965Y0.622+0.274
5Y0.62210Y0.852-0.230
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD1.0040.452+0.552
MRQ1.0410.420+0.621
TTM0.8960.439+0.457
YOY0.5970.594+0.003
5Y0.6220.763-0.141
10Y0.8520.991-0.139
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Danske Bank A/S ADR compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.3330.155-315%-0.276-17%0.057-688%0.043-879%
Book Value Per Share--14.65514.602+0%13.916+5%14.401+2%14.044+4%
Current Ratio--10.4647.741+35%5.999+74%24.185-57%22.552-54%
Debt To Asset Ratio--0.9530.9540%0.959-1%0.9570%0.9560%
Debt To Equity Ratio--20.39220.921-3%23.463-13%22.311-9%21.603-6%
Dividend Per Share--0.5430.264+106%0.007+7666%0.102+435%0.150+262%
Eps--0.4760.462+3%-0.059+112%0.212+125%0.123+288%
Free Cash Flow Per Share---0.2740.737-137%0.323-185%0.283-197%0.407-167%
Free Cash Flow To Equity Per Share---1.4840.145-1122%0.175-948%0.293-606%0.335-543%
Gross Profit Margin--1.0000.101+888%-0.295+130%0.561+78%0.781+28%
Intrinsic Value_10Y_max--28.025--------
Intrinsic Value_10Y_min---25.235--------
Intrinsic Value_1Y_max--1.801--------
Intrinsic Value_1Y_min---0.595--------
Intrinsic Value_3Y_max--6.178--------
Intrinsic Value_3Y_min---3.472--------
Intrinsic Value_5Y_max--11.481--------
Intrinsic Value_5Y_min---8.176--------
Market Cap25078195458.560-5%26254989528.04022389350297.914+17%14155712198.592+85%15323550280.434+71%20303589475.641+29%
Net Profit Margin--0.4040.387+4%-0.093+123%0.196+106%0.249+62%
Operating Margin---0.700-100%1.357-100%0.411-100%0.206-100%
Operating Ratio--0.4550.493-8%0.960-53%0.692-34%0.645-30%
Pb Ratio1.004-4%1.0410.896+16%0.597+74%0.622+67%0.852+22%
Pe Ratio7.731-4%8.0207.082+13%5.863+37%6.918+16%61.404-87%
Price Per Share14.710-4%15.26013.098+17%8.303+84%8.981+70%11.906+28%
Price To Free Cash Flow Ratio-13.418+4%-13.920-5.174-63%-0.069-100%-1.522-89%12.001-216%
Price To Total Gains Ratio69.915-4%72.52938.073+90%9.574+658%21.756+233%31.719+129%
Quick Ratio---2.6154.471-158%5.999-144%23.694-111%24.292-111%
Return On Assets--0.0020.001+5%0.000+105%0.001+121%0.001+77%
Return On Equity--0.0320.032+3%-0.005+116%0.015+119%0.019+74%
Total Gains Per Share--0.2100.419-50%-0.269+228%0.158+33%0.193+9%
Usd Book Value--25214831800.00024952275750.000+1%23724772600.000+6%24562647370.000+3%23947688975.000+5%
Usd Book Value Change Per Share---0.3330.155-315%-0.276-17%0.057-688%0.043-879%
Usd Book Value Per Share--14.65514.602+0%13.916+5%14.401+2%14.044+4%
Usd Dividend Per Share--0.5430.264+106%0.007+7666%0.102+435%0.150+262%
Usd Eps--0.4760.462+3%-0.059+112%0.212+125%0.123+288%
Usd Free Cash Flow---471532200.0001255238200.000-138%550120900.000-186%481477560.000-198%693336265.000-168%
Usd Free Cash Flow Per Share---0.2740.737-137%0.323-185%0.283-197%0.407-167%
Usd Free Cash Flow To Equity Per Share---1.4840.145-1122%0.175-948%0.293-606%0.335-543%
Usd Market Cap25078195458.560-5%26254989528.04022389350297.914+17%14155712198.592+85%15323550280.434+71%20303589475.641+29%
Usd Price Per Share14.710-4%15.26013.098+17%8.303+84%8.981+70%11.906+28%
Usd Profit--818456600.000789667400.000+4%-96581950.000+112%373670730.000+119%450700015.000+82%
Usd Revenue--2026149000.0002041706800.000-1%1714302350.000+18%1767068010.000+15%1747558965.000+16%
Usd Total Gains Per Share--0.2100.419-50%-0.269+228%0.158+33%0.193+9%
 EOD+3 -5MRQTTM+21 -15YOY+24 -125Y+23 -1310Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of Danske Bank A/S ADR based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.731
Price to Book Ratio (EOD)Between0-11.004
Net Profit Margin (MRQ)Greater than00.404
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than1-2.615
Current Ratio (MRQ)Greater than110.464
Debt to Asset Ratio (MRQ)Less than10.953
Debt to Equity Ratio (MRQ)Less than120.392
Return on Equity (MRQ)Greater than0.150.032
Return on Assets (MRQ)Greater than0.050.002
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Danske Bank A/S ADR based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.784
Ma 20Greater thanMa 5014.358
Ma 50Greater thanMa 10014.688
Ma 100Greater thanMa 20014.412
OpenGreater thanClose14.490
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Long-term Assets Other  -137,378,5731,894,998-135,483,575-5,241,670-140,725,245140,544,076-181,168514,710,329514,529,161
EBITDA  2,818,724-1,943,707875,01766,448941,465110,5041,051,969-2,144,941-1,092,972



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in DKK. All numbers in thousands.

Summary
Total Assets3,709,808,000
Total Liabilities3,536,391,000
Total Stockholder Equity173,417,000
 As reported
Total Liabilities 3,536,391,000
Total Stockholder Equity+ 173,417,000
Total Assets = 3,709,808,000

Assets

Total Assets3,709,808,000
Total Current Assets153,636,000
Long-term Assets3,556,172,000
Total Current Assets
Cash And Cash Equivalents 355,059,000
Short-term Investments -201,423,000
Net Receivables 9,392,000
Inventory -717,803,000
Other Current Assets 708,411,000
Total Current Assets  (as reported)153,636,000
Total Current Assets  (calculated)153,636,000
+/-0
Long-term Assets
Property Plant Equipment 11,411,000
Goodwill 2,100,000
Long Term Investments 837,429,000
Intangible Assets 3,946,000
Long-term Assets Other 3,538,715,000
Long-term Assets  (as reported)3,556,172,000
Long-term Assets  (calculated)4,393,601,000
+/- 837,429,000

Liabilities & Shareholders' Equity

Total Current Liabilities14,682,000
Long-term Liabilities3,521,709,000
Total Stockholder Equity173,417,000
Total Current Liabilities
Accounts payable 54,915,000
Other Current Liabilities -40,233,000
Total Current Liabilities  (as reported)14,682,000
Total Current Liabilities  (calculated)14,682,000
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)3,521,709,000
Long-term Liabilities  (calculated)0
+/- 3,521,709,000
Total Stockholder Equity
Common Stock8,622,000
Retained Earnings 168,764,000
Accumulated Other Comprehensive Income -3,969,000
Total Stockholder Equity (as reported)173,417,000
Total Stockholder Equity (calculated)173,417,000
+/-0
Other
Capital Stock8,622,000
Cash and Short Term Investments 153,636,000
Common Stock Shares Outstanding 1,720,510
Liabilities and Stockholders Equity 3,709,808,000
Net Debt 748,615,000
Net Invested Capital 1,272,959,000
Property Plant and Equipment Gross 11,411,000
Short Long Term Debt Total 1,103,674,000



Balance Sheet

Currency in DKK. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302002-12-312002-06-302001-12-312001-06-30
> Total Assets 
161,638,938
182,957,606
208,972,434
247,317,641
265,079,594
276,055,520
308,776,314
304,131,242
299,307,554
317,021,286
381,092,425
393,664,496
395,025,244
387,622,802
386,130,825
389,104,397
430,382,158
451,394,300
485,022,929
529,743,309
558,113,009
609,547,811
656,178,741
729,875,154
737,595,057
663,894,218
662,462,194
595,450,466
609,935,609
648,327,633
3,098,477,000
3,208,511,000
3,363,983,000
3,361,116,000
3,213,886,000
3,125,881,000
3,127,061,000
3,381,024,000
3,424,403,000
3,500,474,000
3,480,722,000
3,599,070,000
3,485,181,000
3,500,998,000
3,317,104,000
3,268,230,000
3,227,057,000
3,314,218,000
3,273,485,000
3,437,294,000
3,453,015,000
3,671,158,000
3,452,213,000
3,348,051,000
3,292,878,000
3,388,518,000
3,483,327,000
3,548,569,000
3,483,670,000
3,543,540,000
3,572,717,000
3,547,785,000
3,539,528,000
3,538,555,000
3,706,419,000
3,673,028,000
3,578,467,000
3,714,914,000
3,778,409,000
3,962,718,000
3,761,050,000
4,007,691,000
4,061,603,000
4,028,035,000
4,109,231,000
4,072,903,000
3,975,032,000
3,924,931,000
3,935,834,000
4,052,954,000
4,073,992,000
4,312,177,000
3,762,999,000
3,791,407,000
3,731,608,000
3,829,199,000
3,770,981,000
3,709,808,000
3,709,808,0003,770,981,0003,829,199,0003,731,608,0003,791,407,0003,762,999,0004,312,177,0004,073,992,0004,052,954,0003,935,834,0003,924,931,0003,975,032,0004,072,903,0004,109,231,0004,028,035,0004,061,603,0004,007,691,0003,761,050,0003,962,718,0003,778,409,0003,714,914,0003,578,467,0003,673,028,0003,706,419,0003,538,555,0003,539,528,0003,547,785,0003,572,717,0003,543,540,0003,483,670,0003,548,569,0003,483,327,0003,388,518,0003,292,878,0003,348,051,0003,452,213,0003,671,158,0003,453,015,0003,437,294,0003,273,485,0003,314,218,0003,227,057,0003,268,230,0003,317,104,0003,500,998,0003,485,181,0003,599,070,0003,480,722,0003,500,474,0003,424,403,0003,381,024,0003,127,061,0003,125,881,0003,213,886,0003,361,116,0003,363,983,0003,208,511,0003,098,477,000648,327,633609,935,609595,450,466662,462,194663,894,218737,595,057729,875,154656,178,741609,547,811558,113,009529,743,309485,022,929451,394,300430,382,158389,104,397386,130,825387,622,802395,025,244393,664,496381,092,425317,021,286299,307,554304,131,242308,776,314276,055,520265,079,594247,317,641208,972,434182,957,606161,638,938
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
164,196,000
256,574,000
255,824,000
240,178,000
148,169,000
196,896,000
162,532,000
164,963,000
119,754,000
244,563,000
36,906,000
275,635,000
234,391,000
282,240,000
231,712,000
220,030,000
118,978,000
193,976,000
154,871,000
143,848,000
103,970,000
258,727,000
311,242,000
243,228,000
156,903,000
197,102,000
243,904,000
320,167,000
258,982,000
391,157,000
405,204,000
379,566,000
365,493,000
393,606,000
333,456,000
313,386,000
211,353,000
279,096,000
293,985,000
218,021,000
181,805,000
268,238,000
303,211,000
316,630,000
355,764,000
408,932,000
384,752,000
331,890,000
330,258,000
339,413,000
329,233,000
339,596,000
202,984,000
349,725,000
343,442,000
414,735,000
285,117,000
153,636,000
153,636,000285,117,000414,735,000343,442,000349,725,000202,984,000339,596,000329,233,000339,413,000330,258,000331,890,000384,752,000408,932,000355,764,000316,630,000303,211,000268,238,000181,805,000218,021,000293,985,000279,096,000211,353,000313,386,000333,456,000393,606,000365,493,000379,566,000405,204,000391,157,000258,982,000320,167,000243,904,000197,102,000156,903,000243,228,000311,242,000258,727,000103,970,000143,848,000154,871,000193,976,000118,978,000220,030,000231,712,000282,240,000234,391,000275,635,00036,906,000244,563,000119,754,000164,963,000162,532,000196,896,000148,169,000240,178,000255,824,000256,574,000164,196,000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142,950,000
256,574,000
255,824,000
240,178,000
125,022,000
196,896,000
162,532,000
164,963,000
102,658,000
244,563,000
191,268,000
275,635,000
210,924,000
282,240,000
231,712,000
220,030,000
97,436,000
193,976,000
154,871,000
143,848,000
97,714,000
258,727,000
311,242,000
243,228,000
152,082,000
197,102,000
243,904,000
320,167,000
253,770,000
391,157,000
405,204,000
379,566,000
360,478,000
393,606,000
333,456,000
313,386,000
210,255,000
279,096,000
293,985,000
218,021,000
181,074,000
268,238,000
303,211,000
316,630,000
352,157,000
404,775,000
381,221,000
326,882,000
326,808,000
335,602,000
325,654,000
334,278,000
198,484,000
343,290,000
336,671,000
406,438,000
277,853,000
355,059,000
355,059,000277,853,000406,438,000336,671,000343,290,000198,484,000334,278,000325,654,000335,602,000326,808,000326,882,000381,221,000404,775,000352,157,000316,630,000303,211,000268,238,000181,074,000218,021,000293,985,000279,096,000210,255,000313,386,000333,456,000393,606,000360,478,000379,566,000405,204,000391,157,000253,770,000320,167,000243,904,000197,102,000152,082,000243,228,000311,242,000258,727,00097,714,000143,848,000154,871,000193,976,00097,436,000220,030,000231,712,000282,240,000210,924,000275,635,000191,268,000244,563,000102,658,000164,963,000162,532,000196,896,000125,022,000240,178,000255,824,000256,574,000142,950,000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-154,362,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
192,300,000
184,600,000
185,000,000
172,224,000
0
0
0
40,152,199
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-201,423,000
-201,423,0000000000000000000000040,152,199000172,224,000185,000,000184,600,000192,300,000000000000000000000-154,362,0000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,246,000
0
0
0
23,147,000
0
0
0
17,096,000
0
0
0
23,467,000
0
0
0
21,542,000
0
0
0
6,256,000
0
0
0
4,821,000
0
0
0
5,212,000
5,533,000
3,657,000
3,353,000
5,015,000
1,022,080
788,335
1,293,769
1,098,000
0
0
0
731,000
7,502,000
5,440,000
5,785,000
3,607,000
4,157,000
3,531,000
5,008,000
3,450,000
3,811,000
3,579,000
5,318,000
4,500,000
6,435,000
6,771,000
8,297,000
7,264,000
9,392,000
9,392,0007,264,0008,297,0006,771,0006,435,0004,500,0005,318,0003,579,0003,811,0003,450,0005,008,0003,531,0004,157,0003,607,0005,785,0005,440,0007,502,000731,0000001,098,0001,293,769788,3351,022,0805,015,0003,353,0003,657,0005,533,0005,212,0000004,821,0000006,256,00000021,542,00000023,467,00000017,096,00000023,147,00000021,246,000000000000000000000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,893,000
69,066,000
82,541,000
79,126,000
12,159,265
9,408,319
9,734,787
14,362,483
0
0
0
94,868,000
123,930,000
218,364,000
236,129,000
318,887,000
310,887,000
311,083,000
278,017,000
318,871,000
280,951,000
880,230,000
996,167,000
822,931,000
852,321,000
922,161,000
1,005,830,000
927,331,000
708,411,000
708,411,000927,331,0001,005,830,000922,161,000852,321,000822,931,000996,167,000880,230,000280,951,000318,871,000278,017,000311,083,000310,887,000318,887,000236,129,000218,364,000123,930,00094,868,00000014,362,4839,734,7879,408,31912,159,26579,126,00082,541,00069,066,00049,893,00000000000000000000000000000000000000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
817,863,000
816,279,000
924,763,000
1,019,180,000
852,084,000
773,077,000
786,773,000
1,050,539,000
1,111,396,000
1,073,380,000
1,063,240,000
1,127,703,000
1,020,119,000
1,047,229,000
941,190,000
927,746,000
960,524,000
1,011,037,000
1,010,122,000
1,168,537,000
1,172,850,000
1,231,381,000
1,037,108,000
1,000,395,000
995,012,000
1,006,415,000
1,015,428,000
996,083,000
966,156,000
919,517,000
941,508,000
915,952,000
900,654,000
873,507,000
961,290,000
887,262,000
805,603,000
851,723,000
919,944,000
1,020,366,000
914,872,000
1,122,333,000
1,083,645,000
1,105,750,000
1,084,872,000
1,066,578,000
1,028,583,000
1,024,831,000
911,552,000
1,015,788,000
1,054,619,000
1,168,208,000
1,025,798,000
944,832,000
931,799,000
967,849,000
921,108,000
3,556,172,000
3,556,172,000921,108,000967,849,000931,799,000944,832,0001,025,798,0001,168,208,0001,054,619,0001,015,788,000911,552,0001,024,831,0001,028,583,0001,066,578,0001,084,872,0001,105,750,0001,083,645,0001,122,333,000914,872,0001,020,366,000919,944,000851,723,000805,603,000887,262,000961,290,000873,507,000900,654,000915,952,000941,508,000919,517,000966,156,000996,083,0001,015,428,0001,006,415,000995,012,0001,000,395,0001,037,108,0001,231,381,0001,172,850,0001,168,537,0001,010,122,0001,011,037,000960,524,000927,746,000941,190,0001,047,229,0001,020,119,0001,127,703,0001,063,240,0001,073,380,0001,111,396,0001,050,539,000786,773,000773,077,000852,084,0001,019,180,000924,763,000816,279,000817,863,000000000000000000000000000000000
       Property Plant Equipment 
757,738
768,060
846,559
885,177
941,128
0
994,910
957,491
939,210
945,913
973,222
1,311,588
1,162,032
1,169,694
1,150,750
1,189,907
1,279,227
1,269,077
1,390,605
1,554,147
1,570,313
1,648,096
1,824,237
1,907,881
1,918,040
1,733,071
1,693,740
1,610,778
1,700,337
1,742,541
8,800,000
8,456,000
8,364,000
8,103,000
7,861,000
7,656,000
7,313,000
7,064,000
7,267,000
7,012,000
6,756,000
6,525,000
6,544,000
6,511,000
6,347,000
6,358,000
6,106,000
6,129,000
6,213,000
6,241,000
6,625,000
6,856,000
6,999,000
7,104,000
5,082,000
5,275,000
5,476,000
5,620,000
5,850,000
6,025,000
6,552,000
6,883,000
7,047,000
7,146,000
7,378,000
7,511,000
7,768,000
13,887,000
14,048,000
13,988,000
14,084,000
13,690,000
13,380,000
13,256,000
13,366,000
17,501,000
12,992,000
12,740,000
12,505,000
11,433,000
10,831,000
10,442,000
10,204,000
9,997,000
9,740,000
11,615,000
11,428,000
11,411,000
11,411,00011,428,00011,615,0009,740,0009,997,00010,204,00010,442,00010,831,00011,433,00012,505,00012,740,00012,992,00017,501,00013,366,00013,256,00013,380,00013,690,00014,084,00013,988,00014,048,00013,887,0007,768,0007,511,0007,378,0007,146,0007,047,0006,883,0006,552,0006,025,0005,850,0005,620,0005,476,0005,275,0005,082,0007,104,0006,999,0006,856,0006,625,0006,241,0006,213,0006,129,0006,106,0006,358,0006,347,0006,511,0006,544,0006,525,0006,756,0007,012,0007,267,0007,064,0007,313,0007,656,0007,861,0008,103,0008,364,0008,456,0008,800,0001,742,5411,700,3371,610,7781,693,7401,733,0711,918,0401,907,8811,824,2371,648,0961,570,3131,554,1471,390,6051,269,0771,279,2271,189,9071,150,7501,169,6941,162,0321,311,588973,222945,913939,210957,491994,9100941,128885,177846,559768,060757,738
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,028,524
0
0
0
4,564,706
0
0
0
3,658,710
0
0
0
18,250,000
0
0
0
18,773,000
0
0
0
18,631,000
0
0
0
18,530,000
0
0
0
18,461,000
0
0
0
9,453,000
0
0
0
5,363,000
0
0
0
5,349,000
5,300,000
5,300,000
5,300,000
5,347,000
875,266
1,227,722
1,220,323
7,755,000
0
0
0
6,155,000
0
0
0
6,128,000
0
0
0
6,131,000
0
6,100,000
4,400,000
4,427,000
4,400,000
4,400,000
4,400,000
4,437,000
2,100,000
2,100,0004,437,0004,400,0004,400,0004,400,0004,427,0004,400,0006,100,00006,131,0000006,128,0000006,155,0000007,755,0001,220,3231,227,722875,2665,347,0005,300,0005,300,0005,300,0005,349,0000005,363,0000009,453,00000018,461,00000018,530,00000018,631,00000018,773,00000018,250,0000003,658,7100004,564,7060001,028,524000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
337,763,000
332,485,000
324,601,000
325,073,000
46,537,744
42,884,991
42,808,497
42,512,133
733,734,000
799,959,000
898,387,000
780,535,000
999,638,000
954,626,000
975,004,000
979,926,000
955,386,000
917,540,000
1,003,369,000
890,228,000
995,357,000
1,034,946,000
1,150,696,000
1,008,792,000
928,774,000
915,966,000
950,165,000
903,616,000
837,429,000
837,429,000903,616,000950,165,000915,966,000928,774,0001,008,792,0001,150,696,0001,034,946,000995,357,000890,228,0001,003,369,000917,540,000955,386,000979,926,000975,004,000954,626,000999,638,000780,535,000898,387,000799,959,000733,734,00042,512,13342,808,49742,884,99146,537,744325,073,000324,601,000332,485,000337,763,00000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
6,312
0
10,822
13,702
25,561
38,261
64,356
1,238,096
622,088
1,232,711
1,210,764
1,232,531
1,293,445
1,279,115
1,307,389
5,455,312
5,467,478
5,681,905
5,739,137
6,160,499
6,147,022
5,462,064
4,690,730
4,448,738
4,430,742
4,567,952
4,787,000
22,924,000
22,945,000
4,212,188
4,163,000
22,642,000
22,456,000
22,357,000
3,602,000
21,670,000
3,681,054
3,720,208
2,651,000
3,600,370
3,624,359
3,755,646
2,180,000
3,801,343
3,772,012
3,474,307
1,800,000
1,609,587
1,666,766
1,654,746
1,142,000
999,313
980,092
1,006,808
1,441,000
985,573
1,068,699
1,125,081
1,830,000
309,481
509,989
516,452
3,469,000
0
0
0
3,010,000
0
0
0
2,657,000
0
0
0
2,688,000
0
2,742,000
2,670,000
2,375,000
1,661,000
1,693,000
1,669,000
1,627,000
3,946,000
3,946,0001,627,0001,669,0001,693,0001,661,0002,375,0002,670,0002,742,00002,688,0000002,657,0000003,010,0000003,469,000516,452509,989309,4811,830,0001,125,0811,068,699985,5731,441,0001,006,808980,092999,3131,142,0001,654,7461,666,7661,609,5871,800,0003,474,3073,772,0123,801,3432,180,0003,755,6463,624,3593,600,3702,651,0003,720,2083,681,05421,670,0003,602,00022,357,00022,456,00022,642,0004,163,0004,212,18822,945,00022,924,0004,787,0004,567,9524,430,7424,448,7384,690,7305,462,0646,147,0226,160,4995,739,1375,681,9055,467,4785,455,3121,307,3891,279,1151,293,4451,232,5311,210,7641,232,711622,0881,238,09664,35638,26125,56113,70210,82206,3120000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-817,863,000
-816,279,000
-924,763,000
-1,019,180,000
-852,084,000
-773,077,000
-786,773,000
-1,050,539,000
-1,111,396,000
-1,073,380,000
-1,063,240,000
-1,127,703,000
-1,020,119,000
-1,047,229,000
-941,190,000
-927,746,000
-960,524,000
-1,011,037,000
-1,010,122,000
-1,168,537,000
-1,172,850,000
-1,231,381,000
-1,037,108,000
-1,000,395,000
-995,012,000
-1,006,415,000
-1,015,428,000
-996,083,000
-966,156,000
-919,517,000
-941,508,000
-915,952,000
-900,654,000
-873,507,000
-961,290,000
-887,262,000
-805,603,000
-851,723,000
-919,944,000
-1,020,366,000
-914,872,000
-1,122,333,000
-1,083,645,000
-1,105,750,000
-1,084,872,000
-1,066,578,000
-1,028,583,000
-1,024,831,000
-911,552,000
-1,015,788,000
-1,054,619,000
-1,168,208,000
-969,000
-944,832,000
-931,799,000
-967,849,000
-1,246,000
3,538,715,000
3,538,715,000-1,246,000-967,849,000-931,799,000-944,832,000-969,000-1,168,208,000-1,054,619,000-1,015,788,000-911,552,000-1,024,831,000-1,028,583,000-1,066,578,000-1,084,872,000-1,105,750,000-1,083,645,000-1,122,333,000-914,872,000-1,020,366,000-919,944,000-851,723,000-805,603,000-887,262,000-961,290,000-873,507,000-900,654,000-915,952,000-941,508,000-919,517,000-966,156,000-996,083,000-1,015,428,000-1,006,415,000-995,012,000-1,000,395,000-1,037,108,000-1,231,381,000-1,172,850,000-1,168,537,000-1,010,122,000-1,011,037,000-960,524,000-927,746,000-941,190,000-1,047,229,000-1,020,119,000-1,127,703,000-1,063,240,000-1,073,380,000-1,111,396,000-1,050,539,000-786,773,000-773,077,000-852,084,000-1,019,180,000-924,763,000-816,279,000-817,863,000000000000000000000000000000000
> Total Liabilities 
155,239,302
176,167,547
200,983,380
238,799,384
255,321,765
266,062,560
298,553,288
294,008,254
289,117,483
306,526,638
369,943,278
382,391,980
383,981,233
376,175,833
374,301,024
377,659,068
417,798,524
438,314,079
468,172,064
512,925,918
540,402,435
590,210,637
635,735,415
708,440,587
715,456,274
643,850,599
644,097,239
577,729,774
591,217,593
628,602,823
2,997,818,000
3,106,862,000
3,261,338,000
3,257,607,000
3,109,144,000
3,020,388,000
3,001,093,000
3,255,354,000
3,298,548,000
3,373,650,000
3,352,604,000
3,469,357,000
3,346,947,000
3,361,430,000
3,175,480,000
3,124,913,000
3,081,400,000
3,162,401,000
3,117,573,000
3,278,555,000
3,299,895,000
3,513,196,000
3,292,158,000
3,186,453,000
3,132,048,000
3,232,413,000
3,325,238,000
3,388,304,000
3,317,055,000
3,383,002,000
3,409,819,000
3,382,405,000
3,371,273,000
3,378,918,000
3,545,521,000
3,512,324,000
3,415,191,000
3,556,336,000
3,615,422,000
3,797,254,000
3,590,542,000
3,840,676,000
3,897,102,000
3,861,810,000
3,940,552,000
3,902,397,000
3,801,871,000
3,748,683,000
3,759,130,000
3,875,442,000
3,902,598,000
4,155,788,000
3,602,681,000
3,626,832,000
3,562,960,000
3,660,558,000
3,595,242,000
3,536,391,000
3,536,391,0003,595,242,0003,660,558,0003,562,960,0003,626,832,0003,602,681,0004,155,788,0003,902,598,0003,875,442,0003,759,130,0003,748,683,0003,801,871,0003,902,397,0003,940,552,0003,861,810,0003,897,102,0003,840,676,0003,590,542,0003,797,254,0003,615,422,0003,556,336,0003,415,191,0003,512,324,0003,545,521,0003,378,918,0003,371,273,0003,382,405,0003,409,819,0003,383,002,0003,317,055,0003,388,304,0003,325,238,0003,232,413,0003,132,048,0003,186,453,0003,292,158,0003,513,196,0003,299,895,0003,278,555,0003,117,573,0003,162,401,0003,081,400,0003,124,913,0003,175,480,0003,361,430,0003,346,947,0003,469,357,0003,352,604,0003,373,650,0003,298,548,0003,255,354,0003,001,093,0003,020,388,0003,109,144,0003,257,607,0003,261,338,0003,106,862,0002,997,818,000628,602,823591,217,593577,729,774644,097,239643,850,599715,456,274708,440,587635,735,415590,210,637540,402,435512,925,918468,172,064438,314,079417,798,524377,659,068374,301,024376,175,833383,981,233382,391,980369,943,278306,526,638289,117,483294,008,254298,553,288266,062,560255,321,765238,799,384200,983,380176,167,547155,239,302
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
43,615,000
0
0
0
48,973,000
0
0
0
37,355,000
0
0
0
44,994,000
0
0
0
41,202,000
0
0
0
39,692,000
0
0
0
31,473,000
0
9,311,000
10,121,000
30,556,000
9,867,000
6,541,000
7,929,000
32,550,000
8,694,000
5,837,000
8,281,000
34,376,000
7,468,000
5,698,000
6,876,000
35,418,000
7,026,000
4,635,000
5,700,000
39,528,000
6,519,000
4,425,000
41,875,000
47,036,000
45,063,000
51,393,000
58,159,000
43,502,000
49,355,000
52,694,000
53,362,000
45,907,000
14,682,000
14,682,00045,907,00053,362,00052,694,00049,355,00043,502,00058,159,00051,393,00045,063,00047,036,00041,875,0004,425,0006,519,00039,528,0005,700,0004,635,0007,026,00035,418,0006,876,0005,698,0007,468,00034,376,0008,281,0005,837,0008,694,00032,550,0007,929,0006,541,0009,867,00030,556,00010,121,0009,311,000031,473,00000039,692,00000041,202,00000044,994,00000037,355,00000048,973,00000043,615,000000000000000000000000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,695,206,000
1,705,339,000
1,648,662,000
364,966,000
270,242,763
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
413,434,000
0
0
0
483,666,000
0
0483,666,000000413,434,000000000000000000000270,242,763364,966,0001,648,662,0001,705,339,0001,695,206,00000000000000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,695,206,000
1,705,339,000
1,648,662,000
364,966,000
270,242,763
0
0
49,366,783
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000049,366,78300270,242,763364,966,0001,648,662,0001,705,339,0001,695,206,00000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
44,839,895
47,623,640
54,978,175
60,424,727
70,067,894
71,980,540
81,818,704
82,199,587
83,525,152
83,445,057
95,349,333
98,671,742
103,876,199
100,632,756
100,211,797
100,539,638
117,995,342
115,287,622
124,460,950
140,433,323
161,241,098
173,914,180
181,012,225
213,051,422
206,879,383
171,713,433
163,502,625
150,145,139
157,946,830
166,234,029
43,615,000
149,055,838
133,428,661
151,077,914
48,973,000
164,804,732
173,604,518
160,604,001
37,355,000
153,167,234
145,523,881
148,081,606
44,994,000
154,558,270
157,059,275
163,565,841
41,202,000
192,223,862
187,904,111
167,254,653
39,692,000
146,370,773
147,181,538
143,395,828
31,473,000
135,832,021
9,311,000
10,121,000
30,556,000
9,867,000
6,541,000
7,929,000
32,550,000
8,694,000
5,837,000
8,281,000
34,376,000
7,468,000
5,698,000
6,876,000
35,418,000
7,026,000
4,635,000
5,700,000
39,528,000
6,519,000
4,425,000
41,875,000
47,036,000
45,063,000
51,393,000
58,159,000
43,502,000
49,355,000
52,694,000
53,362,000
45,907,000
54,915,000
54,915,00045,907,00053,362,00052,694,00049,355,00043,502,00058,159,00051,393,00045,063,00047,036,00041,875,0004,425,0006,519,00039,528,0005,700,0004,635,0007,026,00035,418,0006,876,0005,698,0007,468,00034,376,0008,281,0005,837,0008,694,00032,550,0007,929,0006,541,0009,867,00030,556,00010,121,0009,311,000135,832,02131,473,000143,395,828147,181,538146,370,77339,692,000167,254,653187,904,111192,223,86241,202,000163,565,841157,059,275154,558,27044,994,000148,081,606145,523,881153,167,23437,355,000160,604,001173,604,518164,804,73248,973,000151,077,914133,428,661149,055,83843,615,000166,234,029157,946,830150,145,139163,502,625171,713,433206,879,383213,051,422181,012,225173,914,180161,241,098140,433,323124,460,950115,287,622117,995,342100,539,638100,211,797100,632,756103,876,19998,671,74295,349,33383,445,05783,525,15282,199,58781,818,70471,980,54070,067,89460,424,72754,978,17547,623,64044,839,895
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,111,658,000
3,106,862,000
3,261,338,000
3,257,607,000
1,083,041,000
3,020,388,000
3,001,093,000
3,255,354,000
991,947,000
3,373,650,000
3,352,604,000
3,469,357,000
1,022,115,000
3,361,430,000
3,175,480,000
3,124,913,000
990,592,000
3,162,401,000
3,117,573,000
3,278,555,000
1,027,199,000
3,513,196,000
3,292,158,000
3,186,453,000
1,098,441,000
3,232,413,000
1,136,706,000
1,136,466,000
1,157,075,000
1,219,406,000
1,191,417,000
1,187,838,000
1,192,575,000
1,170,619,000
1,153,831,000
1,141,859,000
1,094,663,000
1,153,826,000
1,177,570,000
1,213,855,000
1,183,170,000
1,150,872,000
1,159,295,000
1,181,187,000
1,173,068,000
1,171,983,000
1,141,702,000
1,154,028,000
47,036,000
45,063,000
51,393,000
58,159,000
43,502,000
49,355,000
1,063,957,000
1,083,305,000
1,102,243,000
3,521,709,000
3,521,709,0001,102,243,0001,083,305,0001,063,957,00049,355,00043,502,00058,159,00051,393,00045,063,00047,036,0001,154,028,0001,141,702,0001,171,983,0001,173,068,0001,181,187,0001,159,295,0001,150,872,0001,183,170,0001,213,855,0001,177,570,0001,153,826,0001,094,663,0001,141,859,0001,153,831,0001,170,619,0001,192,575,0001,187,838,0001,191,417,0001,219,406,0001,157,075,0001,136,466,0001,136,706,0003,232,413,0001,098,441,0003,186,453,0003,292,158,0003,513,196,0001,027,199,0003,278,555,0003,117,573,0003,162,401,000990,592,0003,124,913,0003,175,480,0003,361,430,0001,022,115,0003,469,357,0003,352,604,0003,373,650,000991,947,0003,255,354,0003,001,093,0003,020,388,0001,083,041,0003,257,607,0003,261,338,0003,106,862,0001,111,658,000000000000000000000000000000000
> Total Stockholder Equity
6,398,612
6,788,870
7,987,853
8,516,986
9,756,443
9,992,960
10,221,504
10,234,420
10,188,596
10,493,323
11,148,780
11,227,104
11,036,705
11,439,859
11,822,339
11,437,357
12,575,241
13,072,225
16,842,720
16,808,236
17,697,311
19,311,226
20,417,467
21,427,572
22,131,812
20,036,444
18,360,843
17,720,692
18,718,016
19,724,810
100,659,000
101,649,000
102,645,000
103,509,000
104,727,000
105,464,000
125,915,000
125,615,000
125,795,000
126,775,000
128,118,000
129,709,000
138,230,000
139,568,000
141,624,000
143,316,000
145,657,000
151,817,000
155,910,000
158,737,000
153,118,000
157,961,000
160,055,000
161,598,000
160,830,000
156,105,000
158,089,000
160,265,000
166,615,000
160,538,000
162,898,000
165,380,000
168,255,000
159,637,000
160,898,000
160,704,000
163,276,000
158,578,000
162,987,000
165,464,000
170,508,000
167,015,000
164,501,000
166,225,000
168,679,000
170,506,000
173,161,000
176,248,000
176,704,000
177,512,000
171,394,000
156,389,000
160,318,000
164,575,000
168,648,000
168,641,000
175,739,000
173,417,000
173,417,000175,739,000168,641,000168,648,000164,575,000160,318,000156,389,000171,394,000177,512,000176,704,000176,248,000173,161,000170,506,000168,679,000166,225,000164,501,000167,015,000170,508,000165,464,000162,987,000158,578,000163,276,000160,704,000160,898,000159,637,000168,255,000165,380,000162,898,000160,538,000166,615,000160,265,000158,089,000156,105,000160,830,000161,598,000160,055,000157,961,000153,118,000158,737,000155,910,000151,817,000145,657,000143,316,000141,624,000139,568,000138,230,000129,709,000128,118,000126,775,000125,795,000125,615,000125,915,000105,464,000104,727,000103,509,000102,645,000101,649,000100,659,00019,724,81018,718,01617,720,69218,360,84320,036,44422,131,81221,427,57220,417,46719,311,22617,697,31116,808,23616,842,72013,072,22512,575,24111,437,35711,822,33911,439,85911,036,70511,227,10411,148,78010,493,32310,188,59610,234,42010,221,5049,992,9609,756,4438,516,9867,987,8536,788,8706,398,612
   Common Stock
832,954
870,444
977,108
1,033,577
1,095,698
0
1,203,395
1,273,958
1,101,589
1,113,530
1,232,662
1,165,298
1,036,218
1,031,379
1,013,416
1,038,443
1,093,373
1,086,006
1,237,274
1,254,375
1,269,622
1,333,282
1,368,961
1,481,199
1,476,130
1,319,536
1,306,242
1,244,457
1,315,685
1,373,590
6,988,000
6,988,000
6,988,000
6,988,000
6,988,000
6,988,000
9,317,000
9,317,000
9,317,000
9,317,000
9,317,000
9,317,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
10,086,000
9,837,000
9,837,000
9,837,000
9,837,000
9,368,000
9,368,000
9,368,000
9,368,000
8,960,000
8,960,000
8,960,000
8,960,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,000
8,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,622,0008,960,0008,960,0008,960,0008,960,0009,368,0009,368,0009,368,0009,368,0009,837,0009,837,0009,837,0009,837,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,00010,086,0009,317,0009,317,0009,317,0009,317,0009,317,0009,317,0006,988,0006,988,0006,988,0006,988,0006,988,0006,988,0001,373,5901,315,6851,244,4571,306,2421,319,5361,476,1301,481,1991,368,9611,333,2821,269,6221,254,3751,237,2741,086,0061,093,3731,038,4431,013,4161,031,3791,036,2181,165,2981,232,6621,113,5301,101,5891,273,9581,203,39501,095,6981,033,577977,108870,444832,954
   Retained Earnings 
5,426,035
5,772,519
7,411,199
7,907,006
8,968,655
0
9,863,546
9,075,691
9,495,166
9,379,793
9,916,118
10,061,806
10,000,487
10,408,480
10,808,923
10,398,914
11,481,868
11,986,219
15,605,446
15,553,861
16,427,689
17,977,944
19,048,506
19,946,373
20,655,682
18,716,908
17,054,601
16,476,235
17,402,331
18,351,220
95,084,000
95,922,000
97,139,000
97,883,000
99,205,000
99,995,000
118,404,000
118,322,000
118,917,000
119,459,000
121,150,000
122,322,000
129,862,000
130,877,000
132,681,000
134,250,000
134,393,000
136,797,000
140,827,000
143,452,000
132,605,000
137,402,000
139,587,000
141,040,000
132,352,000
135,121,000
137,476,000
139,448,000
134,028,000
136,690,000
139,590,000
141,995,000
135,731,000
136,387,000
138,232,000
137,836,000
133,056,000
135,981,000
140,188,000
142,994,000
140,590,000
147,032,000
149,043,000
150,847,000
150,521,000
153,735,000
156,523,000
159,723,000
161,439,000
164,120,000
165,843,000
152,104,000
155,852,000
161,195,000
166,529,000
164,726,000
163,596,000
168,764,000
168,764,000163,596,000164,726,000166,529,000161,195,000155,852,000152,104,000165,843,000164,120,000161,439,000159,723,000156,523,000153,735,000150,521,000150,847,000149,043,000147,032,000140,590,000142,994,000140,188,000135,981,000133,056,000137,836,000138,232,000136,387,000135,731,000141,995,000139,590,000136,690,000134,028,000139,448,000137,476,000135,121,000132,352,000141,040,000139,587,000137,402,000132,605,000143,452,000140,827,000136,797,000134,393,000134,250,000132,681,000130,877,000129,862,000122,322,000121,150,000119,459,000118,917,000118,322,000118,404,00099,995,00099,205,00097,883,00097,139,00095,922,00095,084,00018,351,22017,402,33116,476,23517,054,60118,716,90820,655,68219,946,37319,048,50617,977,94416,427,68915,553,86115,605,44611,986,21911,481,86810,398,91410,808,92310,408,48010,000,48710,061,8069,916,1189,379,7939,495,1669,075,6919,863,54608,968,6557,907,0067,411,1995,772,5195,426,035
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000000-408,159-115,229-845,4370-307,910-423,597-400,45400
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,413,000
-1,261,000
-1,482,000
-1,362,000
-1,466,000
-1,519,000
-1,806,000
-2,024,000
-2,439,000
-2,001,000
-2,349,000
-1,930,000
-1,718,000
-1,395,000
-1,143,000
-1,020,000
1,178,000
4,934,000
4,997,000
5,199,000
10,427,000
10,473,000
10,382,000
10,472,000
18,392,000
10,898,000
10,776,000
10,980,000
22,750,000
14,011,000
13,940,000
14,017,000
23,156,000
13,882,000
13,706,000
13,908,000
21,260,000
13,637,000
14,177,000
13,848,000
21,296,000
11,361,000
6,836,000
6,756,000
9,536,000
8,149,000
8,016,000
7,903,000
6,643,000
4,770,000
-3,071,000
-4,337,000
-4,156,000
-5,242,000
-6,503,000
-4,707,000
3,521,000
0
03,521,000-4,707,000-6,503,000-5,242,000-4,156,000-4,337,000-3,071,0004,770,0006,643,0007,903,0008,016,0008,149,0009,536,0006,756,0006,836,00011,361,00021,296,00013,848,00014,177,00013,637,00021,260,00013,908,00013,706,00013,882,00023,156,00014,017,00013,940,00014,011,00022,750,00010,980,00010,776,00010,898,00018,392,00010,472,00010,382,00010,473,00010,427,0005,199,0004,997,0004,934,0001,178,000-1,020,000-1,143,000-1,395,000-1,718,000-1,930,000-2,349,000-2,001,000-2,439,000-2,024,000-1,806,000-1,519,000-1,466,000-1,362,000-1,482,000-1,261,000-1,413,000000000000000000000000000000000



Balance Sheet

Currency in DKK. All numbers in thousands.