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Spar Nord Bank
Buy, Hold or Sell?

Let's analyse Spar Nord Bank together

PenkeI guess you are interested in Spar Nord Bank. 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 Spar Nord Bank. 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 Spar Nord Bank (30 sec.)










What can you expect buying and holding a share of Spar Nord Bank? (30 sec.)

How much money do you get?

How much money do you get?
kr0.65
When do you have the money?
1 year
How often do you get paid?
67.5%

What is your share worth?

Current worth
kr118.80
Expected worth in 1 year
kr134.30
How sure are you?
77.5%

+ What do you gain per year?

Total Gains per Share
kr20.01
Return On Investment
17.4%

For what price can you sell your share?

Current Price per Share
kr115.20
Expected price per share
kr104.02 - kr125.20
How sure are you?
50%

1. Valuation of Spar Nord Bank (5 min.)




Live pricePrice per Share (EOD)

kr115.20

Intrinsic Value Per Share

kr-755.95 - kr-184.20

Total Value Per Share

kr-637.15 - kr-65.40

2. Growth of Spar Nord Bank (5 min.)




Is Spar Nord Bank growing?

Current yearPrevious yearGrowGrow %
How rich?$2b$1.7b$164.8m8.6%

How much money is Spar Nord Bank making?

Current yearPrevious yearGrowGrow %
Making money$87.7m$51.3m$36.3m41.5%
Net Profit Margin43.3%33.7%--

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

3. Financial Health of Spar Nord Bank (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 Spar Nord Bank? (5 min.)

Welcome investor! Spar Nord Bank's management wants to use your money to grow the business. In return you get a share of Spar Nord Bank.

What can you expect buying and holding a share of Spar Nord Bank?

First you should know what it really means to hold a share of Spar Nord Bank. And how you can make/lose money.

Speculation

The Price per Share of Spar Nord Bank is kr115.20. 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 Spar Nord Bank.
  • 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 Spar Nord Bank, 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 kr118.80. Based on the TTM, the Book Value Change Per Share is kr3.88 per quarter. Based on the YOY, the Book Value Change Per Share is kr1.58 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 kr1.13 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Spar Nord Bank.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.680.6%0.740.6%0.410.4%0.410.4%0.330.3%
Usd Book Value Change Per Share0.700.6%0.560.5%0.230.2%0.430.4%0.240.2%
Usd Dividend Per Share0.000.0%0.160.1%0.210.2%0.160.1%0.160.1%
Usd Total Gains Per Share0.700.6%0.730.6%0.440.4%0.590.5%0.400.4%
Usd Price Per Share15.46-15.62-12.88-11.07-10.40-
Price to Earnings Ratio5.70-5.32-8.42-9.61-9.02-
Price-to-Total Gains Ratio22.17-21.78-9.50-19.84--7.68-
Price to Book Ratio0.90-0.97-0.90-0.81-0.92-
Price-to-Total Gains Ratio22.17-21.78-9.50-19.84--7.68-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share16.704
Number of shares59
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.160.16
Usd Book Value Change Per Share0.560.43
Usd Total Gains Per Share0.730.59
Gains per Quarter (59 shares)42.8034.78
Gains per Year (59 shares)171.19139.13
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13913316138101129
27726533277202268
3116398503115302407
4154531674153403546
5193663845192504685
62317961016230605824
72709281187268706963
8308106113583068071102
9347119415293459071241
103861326170038310081380

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%12.00.00.0100.0%20.00.00.0100.0%39.01.00.097.5%76.03.00.096.2%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%16.04.00.080.0%27.013.00.067.5%57.022.00.072.2%
Dividend per Share1.00.03.025.0%9.00.03.075.0%15.00.05.075.0%27.00.013.067.5%27.00.052.034.2%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%18.02.00.090.0%31.09.00.077.5%61.018.00.077.2%

Fundamentals of Spar Nord Bank

About Spar Nord Bank

Spar Nord Bank A/S provides various banking products and services to retail and business customers in Denmark. The company offers deposits, loans, advances, mortgage loans, life annuities, and guarantee services, as well as custodianship accounts. It also provides trading services in the markets, shares and corporate bonds, interest and forex, asset management, and financial institutions and development. The company was founded in 1824 and is based in Aalborg, Denmark.

Fundamental data was last updated by Penke on 2024-03-13 03:24:05.

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
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not 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 Spar Nord Bank.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Spar Nord Bank earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • A Net Profit Margin of 41.0% means that kr0.41 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Spar Nord Bank:

  • The MRQ is 41.0%. The company is making a huge profit. +2
  • The TTM is 43.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ41.0%TTM43.3%-2.3%
TTM43.3%YOY33.7%+9.6%
TTM43.3%5Y32.4%+11.0%
5Y32.4%10Y29.2%+3.2%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ41.0%18.4%+22.6%
TTM43.3%28.0%+15.3%
YOY33.7%25.2%+8.5%
5Y32.4%22.8%+9.6%
10Y29.2%19.8%+9.4%
1.1.2. Return on Assets

Shows how efficient Spar Nord Bank is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • 0.4% Return on Assets means that Spar Nord Bank generated kr0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Spar Nord Bank:

  • The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.5%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.4%TTM0.5%-0.1%
TTM0.5%YOY0.3%+0.2%
TTM0.5%5Y0.3%+0.2%
5Y0.3%10Y0.3%+0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4%0.1%+0.3%
TTM0.5%0.2%+0.3%
YOY0.3%0.2%+0.1%
5Y0.3%0.2%+0.1%
10Y0.3%0.2%+0.1%
1.1.3. Return on Equity

Shows how efficient Spar Nord Bank is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • 3.9% Return on Equity means Spar Nord Bank generated kr0.04 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Spar Nord Bank:

  • The MRQ is 3.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.9%TTM4.6%-0.7%
TTM4.6%YOY2.9%+1.7%
TTM4.6%5Y3.0%+1.6%
5Y3.0%10Y2.8%+0.2%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ3.9%1.4%+2.5%
TTM4.6%2.5%+2.1%
YOY2.9%2.7%+0.2%
5Y3.0%2.5%+0.5%
10Y2.8%2.8%+0.0%

1.2. Operating Efficiency of Spar Nord Bank.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Spar Nord Bank is operating .

  • Measures how much profit Spar Nord Bank makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Spar Nord Bank:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY21.0%-21.0%
TTM-5Y29.1%-29.1%
5Y29.1%10Y33.9%-4.8%
1.2.2. Operating Ratio

Measures how efficient Spar Nord Bank is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Spar Nord Bank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.334-0.334
TTM-5Y0.448-0.448
5Y0.44810Y0.535-0.087

1.3. Liquidity of Spar Nord Bank.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Spar Nord Bank 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 0.00 means the company has kr0.00 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Spar Nord Bank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.183-0.183
TTM0.183YOY0.248-0.065
TTM0.1835Y0.216-0.032
5Y0.21610Y0.163+0.053
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.1830.124+0.059
YOY0.2480.225+0.023
5Y0.2160.219-0.003
10Y0.1630.131+0.032
1.3.2. Quick Ratio

Measures if Spar Nord Bank is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • A Quick Ratio of 0.00 means the company can pay off kr0.00 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Spar Nord Bank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.008-0.008
TTM0.008YOY0.031-0.024
TTM0.0085Y0.055-0.048
5Y0.05510Y0.063-0.008

1.4. Solvency of Spar Nord Bank.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Spar Nord Bank assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Spar Nord Bank to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.90 means that Spar Nord Bank assets are financed with 89.6% credit (debt) and the remaining percentage (100% - 89.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Spar Nord Bank:

  • The MRQ is 0.896. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.898. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.896TTM0.898-0.001
TTM0.898YOY0.900-0.002
TTM0.8985Y0.897+0.000
5Y0.89710Y0.8980.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8960.915-0.019
TTM0.8980.917-0.019
YOY0.9000.919-0.019
5Y0.8970.919-0.022
10Y0.8980.927-0.029
1.4.2. Debt to Equity Ratio

Measures if Spar Nord Bank is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • A Debt to Equity ratio of 865.0% means that company has kr8.65 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Spar Nord Bank:

  • The MRQ is 8.650. The company is unable to pay all its debts with equity. -1
  • The TTM is 8.780. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ8.650TTM8.780-0.131
TTM8.780YOY8.972-0.192
TTM8.7805Y8.734+0.046
5Y8.73410Y8.808-0.074
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ8.65010.829-2.179
TTM8.78011.013-2.233
YOY8.97211.363-2.391
5Y8.73411.437-2.703
10Y8.80813.038-4.230

2. Market Valuation of Spar Nord Bank

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Spar Nord Bank generates.

  • Above 15 is considered overpriced but always compare Spar Nord Bank to the Banks - Regional industry mean.
  • A PE ratio of 5.70 means the investor is paying kr5.70 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Spar Nord Bank:

  • The EOD is 6.162. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.702. Based on the earnings, the company is cheap. +2
  • The TTM is 5.325. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.162MRQ5.702+0.460
MRQ5.702TTM5.325+0.377
TTM5.325YOY8.415-3.091
TTM5.3255Y9.606-4.281
5Y9.60610Y9.018+0.588
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD6.1627.491-1.329
MRQ5.7026.680-0.978
TTM5.3255.295+0.030
YOY8.4156.943+1.472
5Y9.6069.770-0.164
10Y9.0189.943-0.925
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Spar Nord Bank:

  • The EOD is -1.417. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.311. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -2.913. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.417MRQ-1.311-0.106
MRQ-1.311TTM-2.913+1.602
TTM-2.913YOY-26.251+23.338
TTM-2.9135Y-4.479+1.566
5Y-4.47910Y-99.932+95.453
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD-1.417-2.094+0.677
MRQ-1.311-1.868+0.557
TTM-2.913-0.342-2.571
YOY-26.2516.448-32.699
5Y-4.4790.429-4.908
10Y-99.9320.091-100.023
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Spar Nord Bank 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 0.90 means the investor is paying kr0.90 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Spar Nord Bank:

  • The EOD is 0.970. Based on the equity, the company is cheap. +2
  • The MRQ is 0.897. Based on the equity, the company is cheap. +2
  • The TTM is 0.973. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.970MRQ0.897+0.072
MRQ0.897TTM0.973-0.076
TTM0.973YOY0.902+0.071
TTM0.9735Y0.808+0.165
5Y0.80810Y0.925-0.117
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.9700.433+0.537
MRQ0.8970.386+0.511
TTM0.9730.470+0.503
YOY0.9020.642+0.260
5Y0.8080.795+0.013
10Y0.9251.025-0.100
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Spar Nord Bank 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--4.8073.876+24%1.575+205%2.946+63%1.687+185%
Book Value Per Share--118.801111.007+7%98.145+21%93.034+28%78.895+51%
Current Ratio---0.183-100%0.248-100%0.216-100%0.163-100%
Debt To Asset Ratio--0.8960.8980%0.9000%0.8970%0.8980%
Debt To Equity Ratio--8.6508.780-1%8.972-4%8.734-1%8.808-2%
Dividend Per Share---1.127-100%1.427-100%1.119-100%1.103-100%
Eps--4.6745.101-8%2.806+67%2.809+66%2.245+108%
Free Cash Flow Per Share---20.328-8.976-56%-1.353-93%-3.312-84%-0.900-96%
Free Cash Flow To Equity Per Share---20.328-13.292-35%7.567-369%-0.571-97%-0.145-99%
Gross Profit Margin--1.0001.0000%0.986+1%0.937+7%0.939+6%
Intrinsic Value_10Y_max---184.201--------
Intrinsic Value_10Y_min---755.948--------
Intrinsic Value_1Y_max---5.758--------
Intrinsic Value_1Y_min---26.931--------
Intrinsic Value_3Y_max---26.980--------
Intrinsic Value_3Y_min---123.681--------
Intrinsic Value_5Y_max---59.871--------
Intrinsic Value_5Y_min---266.556--------
Market Cap13502937600.000+7%12543389612.00012784900043.250-2%10870968332.575+15%9262892368.980+35%8841066172.068+42%
Net Profit Margin--0.4100.433-5%0.337+22%0.324+27%0.292+41%
Operating Margin----0%0.210-100%0.291-100%0.339-100%
Operating Ratio----0%0.334-100%0.448-100%0.535-100%
Pb Ratio0.970+7%0.8970.973-8%0.902-1%0.808+11%0.925-3%
Pe Ratio6.162+7%5.7025.325+7%8.415-32%9.606-41%9.018-37%
Price Per Share115.200+7%106.600107.725-1%88.800+20%76.340+40%71.714+49%
Price To Free Cash Flow Ratio-1.417-8%-1.311-2.913+122%-26.251+1902%-4.479+242%-99.932+7523%
Price To Total Gains Ratio23.963+7%22.17421.783+2%9.502+133%19.836+12%-7.675+135%
Quick Ratio---0.008-100%0.031-100%0.055-100%0.063-100%
Return On Assets--0.0040.005-13%0.003+39%0.003+32%0.003+41%
Return On Equity--0.0390.046-15%0.029+35%0.030+31%0.028+40%
Total Gains Per Share--4.8075.003-4%3.003+60%4.066+18%2.789+72%
Usd Book Value--2026955000.0001909577500.000+6%1744748750.000+16%1638289750.000+24%1408036637.500+44%
Usd Book Value Change Per Share--0.6970.562+24%0.228+205%0.427+63%0.245+185%
Usd Book Value Per Share--17.22616.096+7%14.231+21%13.490+28%11.440+51%
Usd Dividend Per Share---0.163-100%0.207-100%0.162-100%0.160-100%
Usd Eps--0.6780.740-8%0.407+67%0.407+66%0.326+108%
Usd Free Cash Flow---346840000.000-153083750.000-56%-19140000.000-94%-56071500.000-84%-14264737.500-96%
Usd Free Cash Flow Per Share---2.948-1.302-56%-0.196-93%-0.480-84%-0.130-96%
Usd Free Cash Flow To Equity Per Share---2.948-1.927-35%1.097-369%-0.083-97%-0.021-99%
Usd Market Cap1957925952.000+7%1818791493.7401853810506.271-2%1576290408.223+15%1343119393.502+35%1281954594.950+42%
Usd Price Per Share16.704+7%15.45715.620-1%12.876+20%11.069+40%10.398+49%
Usd Profit--79750000.00087761250.000-9%51366250.000+55%50771750.000+57%40815687.500+95%
Usd Revenue--194445000.000202166250.000-4%148298750.000+31%160435250.000+21%137764862.500+41%
Usd Total Gains Per Share--0.6970.725-4%0.435+60%0.590+18%0.404+72%
 EOD+5 -3MRQTTM+10 -23YOY+24 -125Y+23 -1310Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of Spar Nord Bank based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.162
Price to Book Ratio (EOD)Between0-10.970
Net Profit Margin (MRQ)Greater than00.410
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.896
Debt to Equity Ratio (MRQ)Less than18.650
Return on Equity (MRQ)Greater than0.150.039
Return on Assets (MRQ)Greater than0.050.004
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Spar Nord Bank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.557
Ma 20Greater thanMa 50113.897
Ma 50Greater thanMa 100110.177
Ma 100Greater thanMa 200103.810
OpenGreater thanClose114.800
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in DKK. All numbers in thousands.

Summary
Total Assets134,896,000
Total Liabilities120,917,000
Total Stockholder Equity13,979,000
 As reported
Total Liabilities 120,917,000
Total Stockholder Equity+ 13,979,000
Total Assets = 134,896,000

Assets

Total Assets134,896,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 1,715,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)1,715,000
+/- 1,715,000
Long-term Assets
Property Plant Equipment 830,000
Goodwill 378,000
Long Term Investments 59,656,000
Intangible Assets 41,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)60,905,000
+/- 60,905,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity13,979,000
Total Current Liabilities
Accounts payable 158,000
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)158,000
+/- 158,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 9,995,000
Total Stockholder Equity (as reported)13,979,000
Total Stockholder Equity (calculated)9,995,000
+/- 3,984,000
Other
Capital Stock1,205,000
Common Stock Shares Outstanding 117,668
Net Debt 9,185,000
Net Invested Capital 24,879,000
Property Plant and Equipment Gross 1,123,000



Balance Sheet

Currency in DKK. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
30,323,915
28,503,596
30,195,611
28,989,564
29,086,838
31,790,323
34,331,772
32,401,168
33,423,150
34,575,123
33,186,303
36,666,543
37,631,502
42,385,003
43,903,945
45,961,737
48,498,686
50,063,511
54,021,439
58,565,286
56,494,357
57,589,638
62,019,564
63,393,632
67,288,426
68,561,280
70,308,280
69,267,650
65,441,368
64,049,063
63,356,551
64,529,200
69,126,400
67,910,000
70,656,900
67,435,700
67,665,000
71,932,600
71,334,900
70,081,400
68,354,600
67,425,300
68,979,200
79,145,700
78,491,600
75,842,100
75,079,800
74,604,900
76,026,000
77,933,200
78,816,400
78,825,400
78,184,200
79,831,600
79,957,700
76,357,200
79,432,500
77,476,200
78,956,800
78,473,500
78,329,000
79,595,300
80,372,200
80,367,000
80,934,000
83,561,000
85,461,000
82,793,000
87,701,000
89,354,000
94,151,000
93,113,000
94,457,000
95,242,000
96,026,000
102,077,000
108,208,000
114,562,000
115,997,000
116,535,000
116,035,000
118,845,000
121,147,000
123,936,000
125,638,000
126,952,000
127,176,000
134,896,000
134,896,000127,176,000126,952,000125,638,000123,936,000121,147,000118,845,000116,035,000116,535,000115,997,000114,562,000108,208,000102,077,00096,026,00095,242,00094,457,00093,113,00094,151,00089,354,00087,701,00082,793,00085,461,00083,561,00080,934,00080,367,00080,372,20079,595,30078,329,00078,473,50078,956,80077,476,20079,432,50076,357,20079,957,70079,831,60078,184,20078,825,40078,816,40077,933,20076,026,00074,604,90075,079,80075,842,10078,491,60079,145,70068,979,20067,425,30068,354,60070,081,40071,334,90071,932,60067,665,00067,435,70070,656,90067,910,00069,126,40064,529,20063,356,55164,049,06365,441,36869,267,65070,308,28068,561,28067,288,42663,393,63262,019,56457,589,63856,494,35758,565,28654,021,43950,063,51148,498,68645,961,73743,903,94542,385,00337,631,50236,666,54333,186,30334,575,12333,423,15032,401,16834,331,77231,790,32329,086,83828,989,56430,195,61128,503,59630,323,915
   > 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
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
26,057,500
10,511,100
11,277,300
13,587,100
24,827,000
10,772,000
12,458,000
11,946,000
25,036,000
9,928,000
8,953,000
11,813,000
28,957,000
4,540,000
12,401,000
12,629,000
35,542,000
14,288,000
17,641,000
19,141,000
37,193,000
18,277,000
18,246,000
18,540,000
41,253,000
70,586,000
0
0
0
00070,586,00041,253,00018,540,00018,246,00018,277,00037,193,00019,141,00017,641,00014,288,00035,542,00012,629,00012,401,0004,540,00028,957,00011,813,0008,953,0009,928,00025,036,00011,946,00012,458,00010,772,00024,827,00013,587,10011,277,30010,511,10026,057,50000000000000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
288,435
498,830
453,672
423,727
547,695
551,273
306,450
919,088
1,645,746
336,892
1,145,261
2,005,115
461,964
1,373,400
1,227,107
1,414,102
0
0
0
843,913
775,625
3,636,342
5,296,489
4,925,240
4,458,494
5,191,638
4,770,707
4,952,966
3,155,712
1,687,400
1,288,020
4,855,200
423,400
4,802,300
5,013,700
2,805,900
3,050,300
4,469,400
4,404,000
3,069,300
4,396,200
4,504,300
5,045,500
6,318,300
5,540,600
4,400,800
4,301,700
3,538,900
4,500,700
3,369,700
5,226,300
4,956,300
5,981,900
11,316,500
7,027,100
3,351,700
4,692,100
4,213,300
3,423,800
2,774,100
3,345,400
3,758,900
3,170,500
2,735,000
1,767,000
3,537,000
2,899,000
3,088,000
3,572,000
2,433,000
3,554,000
3,424,000
4,080,000
3,055,000
3,251,000
2,470,000
3,310,000
4,655,000
5,101,000
3,282,000
3,993,000
5,632,000
6,719,000
3,660,000
4,930,000
4,931,000
2,230,000
1,715,000
1,715,0002,230,0004,931,0004,930,0003,660,0006,719,0005,632,0003,993,0003,282,0005,101,0004,655,0003,310,0002,470,0003,251,0003,055,0004,080,0003,424,0003,554,0002,433,0003,572,0003,088,0002,899,0003,537,0001,767,0002,735,0003,170,5003,758,9003,345,4002,774,1003,423,8004,213,3004,692,1003,351,7007,027,10011,316,5005,981,9004,956,3005,226,3003,369,7004,500,7003,538,9004,301,7004,400,8005,540,6006,318,3005,045,5004,504,3004,396,2003,069,3004,404,0004,469,4003,050,3002,805,9005,013,7004,802,300423,4004,855,2001,288,0201,687,4003,155,7124,952,9664,770,7075,191,6384,458,4944,925,2405,296,4893,636,342775,625843,9130001,414,1021,227,1071,373,400461,9642,005,1151,145,261336,8921,645,746919,088306,450551,273547,695423,727453,672498,830288,435
       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
433,303
0
1,050,000
2,915,659
2,219,867
1,540,000
0
0
1,750,300
1,427,000
807,000
1,612,300
2,328,400
2,384,300
2,247,200
1,773,200
393,200
1,825,900
2,484,200
2,130,900
115,500
46,200
571,700
542,200
1,785,600
6,896,500
1,769,100
174,500
463,800
4,561,900
1,466,800
5,719,900
4,155,100
5,400,200
3,527,600
4,591,500
6,253,400
5,428,000
6,056,000
8,841,000
9,475,000
7,315,000
7,342,000
7,482,000
5,710,000
4,683,000
4,928,000
6,468,000
9,079,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000009,079,0006,468,0004,928,0004,683,0005,710,0007,482,0007,342,0007,315,0009,475,0008,841,0006,056,0005,428,0006,253,4004,591,5003,527,6005,400,2004,155,1005,719,9001,466,8004,561,900463,800174,5001,769,1006,896,5001,785,600542,200571,70046,200115,5002,130,9002,484,2001,825,900393,2001,773,2002,247,2002,384,3002,328,4001,612,300807,0001,427,0001,750,300001,540,0002,219,8672,915,6591,050,0000433,30300000000000000000000000
       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
0
0
5,676,000
0
0
0
0
0
0
0
0
0
0
463,800
462,700
342,900
407,800
380,600
299,900
309,100
384,300
629,300
633,400
632,500
645,600
671,000
614,300
482,900
464,300
423,000
366,100
355,400
374,000
347,000
389,000
341,000
427,000
417,000
348,000
279,000
378,000
428,000
320,000
425,000
459,000
559,000
640,000
593,000
497,000
565,000
534,000
476,000
657,000
540,000
2,949,000
0
0
0
0002,949,000540,000657,000476,000534,000565,000497,000593,000640,000559,000459,000425,000320,000428,000378,000279,000348,000417,000427,000341,000389,000347,000374,000355,400366,100423,000464,300482,900614,300671,000645,600632,500633,400629,300384,300309,100299,900380,600407,800342,900462,700463,80000000000005,676,00000000000000000000000000000000000
       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
229,000
218,100
205,100
65,300
51,000
51,000
45,000
57,000
44,000
51,000
51,000
62,000
52,000
49,000
48,000
59,000
123,000
67,000
59,000
78,000
81,000
65,000
64,000
91,000
132,000
65,491,000
0
0
0
00065,491,000132,00091,00064,00065,00081,00078,00059,00067,000123,00059,00048,00049,00052,00062,00051,00051,00044,00057,00045,00051,00051,00065,300205,100218,100229,00000000000000000000000000000000000000000000000000000000000000
   > Long-term Assets 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
396,979
435,137
476,842
463,937
464,036
436,033
415,569
428,132
424,441
419,832
423,517
469,200
500,066
487,829
490,103
515,911
518,805
535,580
545,782
616,962
627,112
648,552
657,217
701,558
705,119
731,666
752,021
765,425
747,830
759,063
755,020
875,300
893,500
938,700
983,200
166,400
684,600
693,500
459,200
1,000,200
502,900
954,700
403,700
753,700
756,900
739,000
736,900
632,600
623,100
618,200
610,400
642,700
634,500
631,000
623,400
646,600
637,700
637,600
640,400
609,600
602,100
631,200
631,400
605,000
641,000
652,000
654,000
810,000
913,000
897,000
888,000
900,000
890,000
877,000
882,000
894,000
893,000
880,000
875,000
919,000
924,000
925,000
914,000
905,000
897,000
829,000
816,000
830,000
830,000816,000829,000897,000905,000914,000925,000924,000919,000875,000880,000893,000894,000882,000877,000890,000900,000888,000897,000913,000810,000654,000652,000641,000605,000631,400631,200602,100609,600640,400637,600637,700646,600623,400631,000634,500642,700610,400618,200623,100632,600736,900739,000756,900753,700403,700954,700502,9001,000,200459,200693,500684,600166,400983,200938,700893,500875,300755,020759,063747,830765,425752,021731,666705,119701,558657,217648,552627,112616,962545,782535,580518,805515,911490,103487,829500,066469,200423,517419,832424,441428,132415,569436,033464,036463,937476,842435,137396,979
       Goodwill 
0
0
0
0
0
42,448
0
38,486
0
0
0
38,364
0
0
0
36,349
0
0
0
43,377
0
0
0
43,377
0
0
0
131,777
0
0
0
130,200
0
0
0
130,200
0
0
0
104,700
0
0
0
139,900
0
0
0
139,900
0
0
0
158,700
0
0
0
158,700
0
0
0
158,700
0
0
0
158,000
0
0
0
158,000
0
0
0
158,000
0
0
0
158,000
0
0
0
378,000
0
0
0
378,000
0
0
0
378,000
378,000000378,000000378,000000158,000000158,000000158,000000158,000000158,700000158,700000158,700000139,900000139,900000104,700000130,200000130,200000131,77700043,37700043,37700036,34900038,36400038,486042,44800000
       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
1,464,200
15,877,400
15,488,200
13,618,900
1,533,000
16,181,000
15,953,000
17,206,000
1,967,000
36,568,000
37,677,000
39,364,000
36,142,000
37,608,000
40,671,000
41,129,000
44,758,000
46,905,000
49,310,000
48,294,000
47,212,000
46,822,000
47,442,000
48,502,000
50,047,000
52,603,000
53,874,000
56,408,000
59,656,000
59,656,00056,408,00053,874,00052,603,00050,047,00048,502,00047,442,00046,822,00047,212,00048,294,00049,310,00046,905,00044,758,00041,129,00040,671,00037,608,00036,142,00039,364,00037,677,00036,568,0001,967,00017,206,00015,953,00016,181,0001,533,00013,618,90015,488,20015,877,4001,464,20000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
13,400
11,253
44,668
42,754
40,506
39,302
38,671
42,288
41,776
46,857
49,038
53,133
44,852
44,915
44,776
44,449
52,152
51,605
51,002
50,448
57,571
56,351
55,106
54,910
173,045
170,764
168,600
166,179
165,900
163,700
161,600
159,500
157,500
156,100
155,000
131,300
131,400
130,600
129,300
134,900
60,100
198,200
195,500
192,900
74,000
210,300
207,000
228,200
65,700
220,800
217,000
217,600
55,800
210,400
206,200
206,400
35,700
191,600
188,600
186,100
26,000
182,000
180,000
179,000
20,000
177,000
176,000
174,000
16,000
0
0
0
13,000
0
0
0
51,000
0
0
0
41,000
0
0
0
41,000
41,00000041,00000051,00000013,00000016,000174,000176,000177,00020,000179,000180,000182,00026,000186,100188,600191,60035,700206,400206,200210,40055,800217,600217,000220,80065,700228,200207,000210,30074,000192,900195,500198,20060,100134,900129,300130,600131,400131,300155,000156,100157,500159,500161,600163,700165,900166,179168,600170,764173,04554,91055,10656,35157,57150,44851,00251,60552,15244,44944,77644,91544,85253,13349,03846,85741,77642,28838,67139,30240,50642,75444,66811,25313,400000
> Total Liabilities 
28,491,266
26,780,989
28,368,783
27,296,800
27,341,824
30,024,112
32,300,936
30,333,736
31,282,962
32,386,416
30,930,095
34,438,673
35,162,381
39,949,906
41,300,815
42,922,794
45,291,267
46,947,486
50,632,710
54,916,671
52,647,906
53,741,112
58,011,209
59,255,259
63,016,864
64,342,617
66,081,843
65,243,179
61,378,047
59,924,498
59,182,001
60,386,500
64,851,900
63,603,600
66,273,400
63,061,300
63,195,400
67,408,300
66,763,700
65,454,100
62,777,700
61,841,000
63,274,900
73,170,400
72,348,800
69,593,400
68,702,800
68,072,200
69,171,900
71,078,300
71,769,000
71,792,400
70,685,800
72,612,900
72,190,100
68,470,200
71,402,500
69,677,000
70,883,300
69,846,400
69,381,000
71,029,800
71,579,700
71,392,000
71,839,000
74,601,000
76,276,000
73,552,000
78,201,000
80,067,000
84,534,000
83,352,000
84,670,000
85,321,000
85,850,000
91,687,000
96,931,000
103,094,000
103,943,000
104,611,000
104,150,000
107,075,000
109,140,000
111,467,000
113,280,000
114,088,000
113,699,000
120,917,000
120,917,000113,699,000114,088,000113,280,000111,467,000109,140,000107,075,000104,150,000104,611,000103,943,000103,094,00096,931,00091,687,00085,850,00085,321,00084,670,00083,352,00084,534,00080,067,00078,201,00073,552,00076,276,00074,601,00071,839,00071,392,00071,579,70071,029,80069,381,00069,846,40070,883,30069,677,00071,402,50068,470,20072,190,10072,612,90070,685,80071,792,40071,769,00071,078,30069,171,90068,072,20068,702,80069,593,40072,348,80073,170,40063,274,90061,841,00062,777,70065,454,10066,763,70067,408,30063,195,40063,061,30066,273,40063,603,60064,851,90060,386,50059,182,00159,924,49861,378,04765,243,17966,081,84364,342,61763,016,86459,255,25958,011,20953,741,11252,647,90654,916,67150,632,71046,947,48645,291,26742,922,79441,300,81539,949,90635,162,38134,438,67330,930,09532,386,41631,282,96230,333,73632,300,93630,024,11227,341,82427,296,80028,368,78326,780,98928,491,266
   > 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
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
66,739,100
63,735,200
64,759,900
65,501,800
68,584,000
64,590,000
67,182,000
66,625,000
69,692,000
68,236,000
70,603,000
70,976,000
76,254,000
69,339,000
75,142,000
76,339,000
84,732,000
88,640,000
91,174,000
91,051,000
96,127,000
92,020,000
95,002,000
96,955,000
100,482,000
96,350,000
0
0
0
00096,350,000100,482,00096,955,00095,002,00092,020,00096,127,00091,051,00091,174,00088,640,00084,732,00076,339,00075,142,00069,339,00076,254,00070,976,00070,603,00068,236,00069,692,00066,625,00067,182,00064,590,00068,584,00065,501,80064,759,90063,735,20066,739,10000000000000000000000000000000000000000000000000000000000000
       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
4,388,500
4,353,200
4,589,200
4,624,100
1,658,000
5,823,000
5,773,000
0
632,000
0
0
0
1,016,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,016,000000632,00005,773,0005,823,0001,658,0004,624,1004,589,2004,353,2004,388,50000000000000000000000000000000000000000000000000000000000000
       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
4,388,500
4,353,200
4,589,200
4,624,100
1,658,000
5,823,000
5,773,000
0
632,000
0
0
0
1,016,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,016,000000632,00005,773,0005,823,0001,658,0004,624,1004,589,2004,353,2004,388,50000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
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
31,930,700
0
33,155,000
31,451,000
0
30,812,900
30,184,100
0
0
0
0
0
230,200
225,100
277,400
379,000
206,400
185,600
204,400
265,800
124,100
70,200
102,200
125,700
45,100
60,600
87,100
108,000
18,800
39,600
46,000
58,300
12,000
1,514,000
22,000
32,000
18,000
27,000
19,000
26,000
24,000
33,000
20,000
25,000
22,000
35,000
25,000
41,000
36,000
53,000
44,000
92,204,000
94,798,000
93,490,000
198,000
272,000
158,000
158,000272,000198,00093,490,00094,798,00092,204,00044,00053,00036,00041,00025,00035,00022,00025,00020,00033,00024,00026,00019,00027,00018,00032,00022,0001,514,00012,00058,30046,00039,60018,800108,00087,10060,60045,100125,700102,20070,200124,100265,800204,400185,600206,400379,000277,400225,100230,2000000030,184,10030,812,900031,451,00033,155,000031,930,7000000000000000000000000000000000
       Other 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
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
2,067,100
2,569,200
1,252,900
1,464,800
981,000
1,069,000
1,667,000
1,267,000
1,140,000
983,000
1,211,000
960,000
1,010,000
1,709,000
1,283,000
829,000
919,000
2,674,000
2,589,000
2,486,000
2,919,000
2,737,000
2,753,000
2,789,000
3,047,000
2,860,000
0
0
0
0002,860,0003,047,0002,789,0002,753,0002,737,0002,919,0002,486,0002,589,0002,674,000919,000829,0001,283,0001,709,0001,010,000960,0001,211,000983,0001,140,0001,267,0001,667,0001,069,000981,0001,464,8001,252,9002,569,2002,067,10000000000000000000000000000000000000000000000000000000000000
   > Long-term Liabilities 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
1,811,602
1,716,219
1,825,416
1,692,214
1,744,454
1,765,723
2,030,836
2,067,432
2,140,188
2,188,707
2,256,208
2,227,870
2,469,121
2,435,097
2,603,130
3,038,943
3,207,419
3,116,025
3,388,729
3,648,615
3,846,451
3,848,526
4,008,355
4,138,373
4,271,562
4,218,663
4,226,437
4,024,471
4,063,321
4,124,565
4,174,550
4,142,700
4,274,500
4,306,400
4,383,500
4,374,400
4,469,600
4,524,300
4,571,200
4,627,300
5,576,900
5,584,300
5,704,300
5,975,300
6,142,800
6,248,700
6,377,000
6,532,700
6,854,100
6,854,900
7,047,400
7,033,000
7,498,400
7,218,700
7,767,600
7,887,000
8,030,000
7,799,200
8,073,500
8,627,100
8,948,000
8,565,500
8,792,500
8,975,000
9,095,000
8,960,000
9,185,000
9,241,000
9,500,000
9,287,000
9,617,000
9,761,000
9,787,000
9,921,000
10,176,000
10,390,000
11,277,000
11,468,000
12,054,000
11,924,000
11,885,000
11,770,000
12,007,000
12,469,000
12,358,000
12,864,000
13,477,000
13,979,000
13,979,00013,477,00012,864,00012,358,00012,469,00012,007,00011,770,00011,885,00011,924,00012,054,00011,468,00011,277,00010,390,00010,176,0009,921,0009,787,0009,761,0009,617,0009,287,0009,500,0009,241,0009,185,0008,960,0009,095,0008,975,0008,792,5008,565,5008,948,0008,627,1008,073,5007,799,2008,030,0007,887,0007,767,6007,218,7007,498,4007,033,0007,047,4006,854,9006,854,1006,532,7006,377,0006,248,7006,142,8005,975,3005,704,3005,584,3005,576,9004,627,3004,571,2004,524,3004,469,6004,374,4004,383,5004,306,4004,274,5004,142,7004,174,5504,124,5654,063,3214,024,4714,226,4374,218,6634,271,5624,138,3734,008,3553,848,5263,846,4513,648,6153,388,7293,116,0253,207,4193,038,9432,603,1302,435,0972,469,1212,227,8702,256,2082,188,7072,140,1882,067,4322,030,8361,765,7231,744,4541,692,2141,825,4161,716,2191,811,602
   Common Stock
518,848
518,848
518,848
518,848
0
518,848
0
518,848
0
0
0
518,848
0
0
0
570,688
0
0
0
570,688
570,688
570,688
570,688
570,688
570,688
570,688
570,688
570,688
570,688
570,688
570,688
570,700
570,700
570,700
570,700
570,700
570,700
570,700
570,700
570,700
1,141,400
1,141,400
1,141,400
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,255,300
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
1,230,000
0
0
0
0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,230,0001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,255,3001,141,4001,141,4001,141,400570,700570,700570,700570,700570,700570,700570,700570,700570,700570,688570,688570,688570,688570,688570,688570,688570,688570,688570,688570,688570,688000570,688000518,848000518,8480518,8480518,848518,848518,848518,848
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000-12,6000000000000000000000
   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
0
466,600
469,700
478,000
487,800
504,700
501,600
500,700
511,500
513,100
528,100
551,300
582,900
594,700
569,800
570,000
575,700
596,200
606,000
624,200
647,300
861,600
541,700
90,100
510,700
908,400
918,400
496,200
510,000
1,603,700
1,595,900
955,400
964,900
1,386,000
1,400,000
954,000
970,000
1,395,000
1,454,000
1,011,000
1,083,000
1,499,000
1,085,000
965,000
985,000
1,173,000
1,794,000
1,633,000
1,901,000
1,766,000
1,482,000
1,458,000
1,302,000
1,312,000
1,314,000
0
0
0
0001,314,0001,312,0001,302,0001,458,0001,482,0001,766,0001,901,0001,633,0001,794,0001,173,000985,000965,0001,085,0001,499,0001,083,0001,011,0001,454,0001,395,000970,000954,0001,400,0001,386,000964,900955,4001,595,9001,603,700510,000496,200918,400908,400510,70090,100541,700861,600647,300624,200606,000596,200575,700570,000569,800594,700582,900551,300528,100513,100511,500500,700501,600504,700487,800478,000469,700466,6000000000000000000000000000000000



Balance Sheet

Currency in DKK. All numbers in thousands.




Cash Flow

Currency in DKK. All numbers in thousands.




Income Statement

Currency in DKK. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue5,528,000
Cost of Revenue-0
Gross Profit05,528,000
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative193,000
Selling And Marketing Expenses0
Operating Expense0193,000
 
Net Interest Income (+$)
Interest Income4,117,000
Interest Expense-577,000
Other Finance Cost-2,000
Net Interest Income3,538,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income3,538,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,141,0000
EBIT - interestExpense = -577,000
2,421,000
2,998,000
Interest Expense577,000
Earnings Before Interest and Taxes (EBIT)03,718,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax3,141,000
Tax Provision-720,000
Net Income From Continuing Ops2,421,0002,421,000
Net Income2,421,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-3,538,000
 

Technical Analysis of Spar Nord Bank
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Spar Nord Bank. The general trend of Spar Nord Bank is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Spar Nord Bank's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Spar Nord Bank.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 125.20.

The bearish price targets are: 110.36 > 107.23 > 104.02.

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Spar Nord Bank Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Spar Nord Bank. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Spar Nord Bank Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Spar Nord Bank. The current macd is 1.507893.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Spar Nord Bank price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Spar Nord Bank. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Spar Nord Bank price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Spar Nord Bank Daily Moving Average Convergence/Divergence (MACD) ChartSpar Nord Bank Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Spar Nord Bank. The current adx is 28.64.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Spar Nord Bank shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Spar Nord Bank Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Spar Nord Bank. The current sar is 124.09.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Spar Nord Bank Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Spar Nord Bank. The current rsi is 54.56. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Spar Nord Bank Daily Relative Strength Index (RSI) ChartSpar Nord Bank Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Spar Nord Bank. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Spar Nord Bank price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Spar Nord Bank Daily Stochastic Oscillator ChartSpar Nord Bank Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Spar Nord Bank. The current cci is 39.08.

Spar Nord Bank Daily Commodity Channel Index (CCI) ChartSpar Nord Bank Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Spar Nord Bank. The current cmo is 6.70669685.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Spar Nord Bank Daily Chande Momentum Oscillator (CMO) ChartSpar Nord Bank Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Spar Nord Bank. The current willr is -67.39180542.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Spar Nord Bank is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Spar Nord Bank Daily Williams %R ChartSpar Nord Bank Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Spar Nord Bank.

Spar Nord Bank Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Spar Nord Bank. The current atr is 3.06362154.

Spar Nord Bank Daily Average True Range (ATR) ChartSpar Nord Bank Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Spar Nord Bank. The current obv is 4,108,649.

Spar Nord Bank Daily On-Balance Volume (OBV) ChartSpar Nord Bank Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Spar Nord Bank. The current mfi is 61.94.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Spar Nord Bank Daily Money Flow Index (MFI) ChartSpar Nord Bank Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Spar Nord Bank.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-02ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Spar Nord Bank Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Spar Nord Bank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.557
Ma 20Greater thanMa 50113.897
Ma 50Greater thanMa 100110.177
Ma 100Greater thanMa 200103.810
OpenGreater thanClose114.800
Total4/5 (80.0%)
Penke

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