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Danske Andelskassers Bank A/S

DAB.CO
36
Banks - Regional · Financial Services
Price
kr 15.75
-0.20 (-1.25%)
Market Cap
kr 3.51B
Exchange
NASDAQ Copenhagen
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 27, 2026 · filings through Mar 31, 2026
How the score breaks down
Growth
Weak
Valuation
Mixed
Dividends
Mixed

Share count rising — dilution

+17.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 189.7M (2021) → 223.0M (2025)

Winston Score History

The full picture

Danske Andelskassers Bank A/S is a Danish financial institution that offers a comprehensive suite of banking and financial services. Its diverse clientele includes private individuals, small to medium-sized enterprises, and institutional customers across Denmark. The bank provides essential financial tools such as payment accounts, alongside a broad spectrum of credit and lending options. These encompass mortgages, home and construction loans, restructuring and energy financing, vehicle and personal loans, and overdraft facilities. Additionally, it issues both debit and credit cards. Expanding its offerings, the company provides pension planning solutions and an extensive portfolio of insurance policies, covering areas like life (death, sickness, accident), property (home, detached, auto, motorcycle, holiday home), annuities, annual travel, pet protection, and wage security. Clients also benefit from investment products and convenient digital banking services, including online and mobile platforms, ATM access, SMS functionalities, and various payment options. The bank operates through full-service branches catering to both private and business customers, complemented by a specialized agricultural branch. Established in 1969, Danske Andelskassers Bank A/S is headquartered in Tjele, Denmark.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-7.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-66.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

kr 0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Cash Position

Cash flow positive

kr 15.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Danske Andelskassers Bank A/S's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
-5.3%
Shrinking sales (-5.3% YoY)
Profit growth
EPS YoY
-20.5%
Earnings shrinking (-20.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
23.9x
Growth-priced — P/E 23.9

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
2.20%
Moderate income — 2.20% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
N/A
Data not available

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