Analysis date: 2026-05-31 | Country: DK | Currency: DKK
| Field | Value |
|---|---|
| Rating | Buy |
| Intrinsic Value | 400.0 DKK |
| 24m Target | 372.0 DKK |
| Price at Analysis | 345.5 DKK |
| Buffett Score | 12/20 |
| ROIC | 11.9% |
| Economic Profit | +200.0M DKK |
| Implied Upside (IV) | 15.8% |
Ticker: SJF.CO | Name: SJF Bank | Country: DK | Sector: Bank/Savings Bank
SJF Bank operates in the Nordic market. ROIC 11.9% vs WACC 8% → EP +200.0M DKK.
Retail and corporate customers pay interest on loans and fees for financial services.
Net interest income (NII) is the primary revenue driver, supplemented by fees and commissions.
ROIC 11.9% vs WACC 8.0% → Economic Profit +200.0M DKK.
Funding cost, credit quality (LLP), and regulatory capital requirements (CET1).
Moat strength: 2/5. Geographic presence, customer loyalty, and local market share.
Volume growth in mortgage and corporate portfolios plus interest rate environment.
Top risks: Credit risk, interest rate risk, Basel IV regulatory requirements, neobank competition.
Conservative credit culture, stable dividend policy, CSRD reporting obligations.
Buy — SJF Bank: Observation candidate, await data and price development.
mttssn research · SJF Bank (SJF.CO) · 2026-W125 · 2026-05-31