Groenlandsbanken AS

GRLA · CO · Financial Services / Banks - Regional

1,380.00DKK+15.00 (+1.10%)

Price History

Full chart

Market Stats

Previous Close1,365.00

Open1,365.00

Day Range1,350.00 – 1,385.00

52-Week Range776.02 – 1,210.00

Volume1.08K

Market Cap2.17B

P/E (TTM)11.19

Forward P/E12.76

EPS107.73

Dividend Yield6.64%

Beta0.39

50-Day Avg1,095.90

200-Day Avg1,041.80

About

GrønlandsBANKEN A/S provides various financial services to private and business customers, and public institutions in Greenland. It offers housing services, including buying a home, loan restructuring, purchase of cooperative apartment, renovation, property sale, construction or renovation, and equity services; car, snowmobile, climate and environmental, personal, boat, and quick loans; savings, budgeting, insurance, cards, security, and associations ; Qimatut and lifetime pension, critical illness, health and life insurance; and investment services. The company also provides business consulting for property, construction and civil engineering, fishing, tourism, trade, liberal professions, and entrepreneurs; business accounts and payment solutions; company cards; project and operational financing; guarantees; and professional advisory services. GrønlandsBANKEN A/S was founded in 1967 and is headquartered in Nuuk, Greenland.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Gunnar I Lida
Employees159
HeadquartersImaneq 33, Nuuk, Greenland, 3900, Denmark
Websitehttps://www.banken.gl

Leadership

Mr. Gunnar I LidaChairman of the Board · b. 1960
Mr. Peter Angutinguaq WistoftFinance Director & Director · b. 1964
Mr. Niels Peter Fleischer RexCommunication & Marketing Manager and Employee Representative Director · b. 1981
Mr. Martin Birkmose KviesgaardManaging Director · b. 1966
Ms. Jette RadichController · b. 1953

Financials

Income Statement

Currency: DKK	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: DKK	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	233.35M	268.24M	224.56M	204.27M	184.25M	219.47M	248.65M	302.35M	343.89M	300.75M	263.45M	262.14M	314.08M	297.57M	320.20M	283.93M	281.37M	301.83M	312.38M	330.53M	312.28M	332.97M	300.76M	568.34M	621.20M	509.29M
Growth (%)	-	+14.95%	-16.28%	-9.04%	-9.80%	+19.11%	+13.30%	+21.60%	+13.74%	-12.54%	-12.40%	-0.50%	+19.81%	-5.26%	+7.60%	-11.33%	-0.90%	+7.27%	+3.50%	+5.81%	-5.52%	+6.63%	-9.67%	+88.97%	+9.30%	-18.01%
Cost of Revenue	-	-	71.96M	54.17M	34.72M	41.23M	54.84M	92.97M	114.54M	54.49M	31.89M	35.45M	21.55M	14.63M	13.40M	4.53M	-342.00K	-6.59M	-5.05M	-8.28M	-19.74M	-23.36M	-17.95M	87.47M	116.96M	69.79M
Gross Profit	-	-	152.60M	150.09M	149.54M	178.24M	193.81M	209.37M	229.35M	246.26M	231.56M	226.70M	292.53M	282.94M	306.80M	279.40M	281.71M	308.42M	317.44M	338.81M	332.02M	356.34M	318.72M	480.87M	504.24M	439.50M
Gross Margin	-	-	67.95%	73.48%	81.16%	81.21%	77.95%	69.25%	66.69%	81.88%	87.90%	86.48%	93.14%	95.08%	95.82%	98.40%	100.12%	102.18%	101.62%	102.51%	106.32%	107.02%	105.97%	84.61%	81.17%	86.30%
Operating Expense	-	-	72.08M	84.05M	83.31M	88.79M	89.59M	97.19M	157.54M	145.82M	133.45M	148.37M	156.99M	159.44M	175.37M	172.78M	168.29M	175.81M	177.12M	188.31M	201.12M	197.43M	209.60M	236.30M	258.54M	258.12M
Operating Income	72.95M	93.86M	80.52M	66.05M	66.23M	89.45M	104.22M	112.19M	71.81M	100.44M	98.12M	78.33M	135.54M	123.50M	131.43M	106.63M	113.42M	132.61M	140.31M	150.50M	130.90M	158.90M	109.11M	244.57M	245.70M	181.39M
Operating Margin	31.26%	34.99%	35.86%	32.33%	35.94%	40.76%	41.92%	37.10%	20.88%	33.40%	37.24%	29.88%	43.16%	41.50%	41.05%	37.55%	40.31%	43.93%	44.92%	45.53%	41.92%	47.72%	36.28%	43.03%	39.55%	35.62%
EBITDA	-	-	84.52M	69.75M	70.00M	93.38M	108.16M	114.50M	74.67M	108.53M	110.44M	90.75M	146.38M	133.89M	140.59M	112.78M	119.40M	139.45M	147.08M	157.17M	137.85M	165.92M	116.43M	252.73M	254.72M	191.01M
EBITDA Margin	-	-	37.64%	34.15%	37.99%	42.55%	43.50%	37.87%	21.71%	36.09%	41.92%	34.62%	46.61%	44.99%	43.91%	39.72%	42.44%	46.20%	47.08%	47.55%	44.14%	49.83%	38.71%	44.47%	41.00%	37.50%
Net Income	63.77M	-	73.85M	64.44M	40.68M	56.26M	67.27M	77.99M	48.71M	68.55M	66.75M	53.60M	92.45M	84.25M	89.66M	72.73M	77.39M	90.45M	112.89M	129.92M	96.23M	132.83M	98.75M	192.40M	209.01M	180.85M
Net Income Margin	27.33%	-	32.89%	31.55%	22.08%	25.64%	27.05%	25.79%	14.16%	22.79%	25.34%	20.45%	29.43%	28.31%	28.00%	25.61%	27.50%	29.97%	36.14%	39.31%	30.81%	39.89%	32.83%	33.85%	33.65%	35.51%
Interest Expense	0	0	71.96M	54.17M	34.72M	41.23M	54.84M	92.97M	114.54M	54.49M	31.89M	35.45M	21.55M	14.63M	13.40M	4.53M	0	0	5.05M	8.28M	19.74M	23.36M	17.95M	87.47M	116.96M	54.25M
Interest Expense % of Total Revenue	0.00%	0.00%	32.05%	26.52%	18.84%	18.79%	22.05%	30.75%	33.31%	18.12%	12.10%	13.52%	6.86%	4.92%	4.18%	1.60%	0.00%	0.00%	1.62%	2.51%	6.32%	7.02%	5.97%	15.39%	18.83%	10.65%

Balance Sheet

Currency: DKK	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: DKK	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	3.28B	3.38B	3.59B	2.93B	3.11B	3.46B	3.65B	4.20B	4.11B	4.14B	4.53B	4.81B	4.83B	5.06B	4.85B	5.85B	5.91B	5.36B	6.16B	7.09B	7.44B	7.23B	7.95B	8.84B	10.02B	10.97B
Total Liabilities	2.76B	2.86B	3.06B	2.40B	2.58B	2.83B	3.00B	3.55B	3.48B	3.45B	3.78B	4.02B	3.98B	4.18B	3.94B	4.93B	4.99B	4.40B	5.17B	6.01B	6.26B	5.96B	6.63B	7.36B	8.43B	9.38B
Total Equity	521.64M	519.95M	530.80M	532.24M	533.30M	626.71M	648.72M	649.46M	626.22M	694.28M	758.38M	791.91M	850.95M	876.24M	909.87M	914.28M	926.21M	958.46M	999.16M	1.08B	1.18B	1.27B	1.32B	1.48B	1.59B	1.60B
Cash	79.61M	98.32M	1.21B	557.80M	655.30M	523.41M	511.34M	860.82M	552.60M	582.92M	774.25M	869.30M	743.03M	1.19B	844.86M	1.79B	1.52B	700.85M	1.34B	1.57B	1.88B	1.49B	1.52B	1.67B	2.24B	3.02B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	126.24M	25.01M	25.06M	25.03M	25.06M	43.00K	22.67M	22.57M	13.63M	870.00K	49.64M	102.39M	241.43M	380.72M	513.19M
Net Debt	-	-	-1.21B	-557.80M	-655.30M	-523.41M	-511.34M	-860.82M	-552.60M	-582.92M	-774.25M	-743.07M	-718.03M	-1.17B	-819.82M	-1.77B	-1.52B	-700.85M	-1.34B	-1.57B	-1.88B	-1.44B	-1.41B	-1.43B	-1.86B	-2.50B

Cash Flow

Currency: DKK	2000-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: DKK	2000-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-	547.46M	-402.26M	-90.15M	120.52M	128.00M	89.40M	-285.71M	59.16M	566.64M	-141.95M	46.67M	448.32M	-124.74M	571.30M	72.64M	-589.80M	466.49M	1.10B	95.27M	-152.56M	88.34M	-372.18M	736.20M	72.50M
Investing Cash Flow	-	-465.00K	-162.00K	-1.47M	629.00K	310.00K	-2.59M	-91.91M	-42.70M	-498.00K	-24.01M	-5.11M	-12.12M	-9.43M	-14.57M	-4.79M	-4.71M	-2.23M	-23.95M	-2.83M	-19.38M	-11.45M	-16.70M	-16.50M	73.74M
Financing Cash Flow	-	-54.00M	-63.00M	-63.00M	-62.94M	-81.04M	-98.77M	-107.41M	-308.00K	-3.09M	-23.57M	-53.31M	-88.87M	-87.17M	-99.00M	-99.00M	-99.00M	-54.00M	-54.00M	269.57M	4.64M	-22.46M	692.71M	39.80M	765.11M
Capital Expenditure	0	465.00K	162.00K	1.47M	344.00K	657.00K	2.79M	91.91M	42.70M	4.83M	25.96M	6.41M	12.12M	9.43M	15.65M	4.79M	4.98M	5.62M	23.95M	3.07M	22.99M	11.77M	17.61M	16.50M	20.51M
Free Cash Flow	-	547.00M	-402.43M	-91.62M	120.17M	127.34M	86.62M	-377.62M	16.46M	561.81M	-167.91M	40.26M	436.20M	-134.17M	555.65M	67.84M	-594.78M	460.87M	1.08B	92.20M	-175.56M	76.56M	84.11M	719.70M	51.98M
Dividends Paid	-	54.00M	63.00M	63.00M	63.00M	81.00M	99.00M	108.00M	-	-	18.00M	54.00M	99.00M	99.00M	99.00M	99.00M	99.00M	54.00M	54.00M	45.00M	45.00M	72.00M	36.00M	99.00M	180.00M
FCF to OCF	-	99.92%	100.04%	101.63%	99.71%	99.49%	96.88%	132.17%	27.82%	99.15%	118.29%	86.27%	97.30%	107.56%	97.26%	93.40%	100.85%	98.80%	97.83%	96.77%	115.07%	86.67%	-22.60%	97.76%	71.70%
Dividend Paid to FCF	-	9.87%	-15.66%	-68.76%	52.42%	63.61%	114.30%	-28.60%	-	-	-10.72%	134.13%	22.70%	-73.79%	17.82%	145.93%	-16.64%	11.72%	5.01%	48.81%	-25.63%	94.04%	42.80%	13.76%	346.27%

Earnings

Report Date	Mar 31, 2013	Jun 30, 2013	Sep 30, 2013	Dec 31, 2013	Mar 31, 2014	Jun 30, 2014	Sep 30, 2014	Dec 31, 2014	Mar 31, 2015	Jun 30, 2015	Sep 30, 2015	Dec 31, 2015	Mar 31, 2016	Jun 30, 2016	Nov 3, 2016	Feb 28, 2017	Apr 27, 2017	Aug 18, 2017	Nov 1, 2017	Feb 22, 2018	Mar 31, 2018	Jun 30, 2018	Oct 30, 2018	Dec 31, 2018	Mar 31, 2019	Jun 30, 2019	Sep 30, 2019	Dec 31, 2019	Mar 31, 2020	Jun 30, 2020	Oct 29, 2020	Mar 1, 2021	May 11, 2021	Aug 18, 2021	Nov 3, 2021	Mar 2, 2022	May 10, 2022	Aug 17, 2022	Nov 2, 2022	Mar 1, 2023	May 9, 2023	Aug 16, 2023	Sep 30, 2023	Dec 31, 2023	Mar 31, 2024	Jun 30, 2024	Sep 30, 2024	Dec 31, 2024	Mar 31, 2025	Jun 30, 2025	Sep 30, 2025	Mar 2, 2026	May 11, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	12.40	10.26	13.04	11.88	13.26	16.69	14.19	6.02	9.56	11.31	10.51	9.02	8.14	9.97	13.17	11.72	14.48	13.48	11.37	10.92	12.92	13.12	14.48	12.66	14.35	11.96	17.63	28.24	6.79	15.97	15.63	15.07	23.03	14.14	16.17	20.45	22.07	6.64	7.93	18.22	25.60	22.30	28.27	30.71	39.49	24.31	30.60	21.71	41.28	18.89	20.02	20.29	35.11	25.48
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	Pre-market	After-hours	After-hours	Pre-market	After-hours	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	-	-	-	-	-	-	-	-	-	Pre-market	Pre-market	-

Key Statistics & Ratios

Market Cap2.17B

Enterprise Value-87.15M

Trailing P/E11.19

Forward P/E12.76

PEG Ratio0.00

Price / Sales4.83

Price / Book1.37

EPS107.73

Book Value870.28

Revenue (TTM)449.48M

Gross Profit (TTM)449.48M

Profit Margin40.41%

Operating Margin52.08%

Return on Equity11.75%

Return on Assets1.73%

Shares Outstanding1.80M

Shares Float1.70M

Beta0.39

Dividend Yield6.64%

Dividend Rate80.00

Payout Ratio79.29%

Dividends

20261×

80.00Mar 26, 2026

20251×

100.00Mar 27, 2025

20241×

55.00Mar 21, 2024

20231×

20.00Mar 27, 2023

20221×

40.00Mar 30, 2022

20211×

25.00Mar 25, 2021

20191×

30.00Mar 28, 2019

20181×

30.00Mar 21, 2018

20171×

55.00Mar 29, 2017

20161×

55.00Mar 31, 2016

20151×

55.00Mar 26, 2015

20141×

55.00Mar 20, 2014

20131×

55.00Mar 21, 2013

20121×

30.00Mar 22, 2012

20111×

10.00Mar 24, 2011

20081×

60.00Apr 3, 2008

20071×

55.00Mar 29, 2007

20061×

45.00Mar 30, 2006

20051×

35.00Apr 7, 2005

20041×

35.00Apr 1, 2004

20031×

35.00Apr 9, 2003

20021×

30.00Apr 5, 2002

20011×

25.00Apr 6, 2001

20001×

25.00Apr 5, 2000

Stock Splits

May 7, 19972:1