17.60 EUR
previous close — not live
52-Week Range
12.94 €
17.77 €
As of 2026-08-28, 5 AI models estimate NDA1V median target 20.04 € (+13.9% vs spot 17.60 €, model agreement 0.70). Analyst consensus 17.51 € (8 analysts). Experimental comparison — not investment advice.
AI Consensus
Model estimate
20.04 €
Pure model estimate — no analyst blending
Gap
+13.9%
Agreement
0.705/5 models
Raw 0.70
Dispersion
σ 14.5%
Analyst consensus
17.51 €(8 analysts)
Calibrated blend (research)
19.28 €
AI Summary
5 of 5 AI models are positive on NDA1V. Key driver: Leading market position across the Nordic region providing stable diversified... AI consensus estimate 20.04 13.9% above the current price. Model agreement is moderate (0.70). Analyst consensus: 17.51 (AI +14.4%).Bear Case (min)
19.64 €
11.6%
Base Case (median)
20.04 €
+13.9%
Bull Case (max)
27.90 €
58.5%
Bear/Base/Bull: pure model range (12-month values)
Estimate History AI model estimates and spot price over time
What Changed Today
Consensus Est.:20.04→20.04(+0.0%)
CAGR-0.5pp(1 ↓)
no-change×2stable-assumptionsday-over-day-hold
What Changed (7 days)
Between 2026-08-21 and 2026-08-28, the 5-model AI consensus estimate for NDA1V moved from 19.77 € to 20.04 € (+1.4%); median WACC 10.0% → 10.0% (+0.00 pp); median terminal growth 2.0% → 2.0% (+0.00 pp); model dispersion σ 13.1% → 14.5%. Experimental model estimates — not investment advice.
| Metric | 7d ago (2026-08-21) | Now (2026-08-28) | Change |
|---|---|---|---|
| AI consensus estimate | 19.77 € | 20.04 € | +1.4% |
| Median WACC | 10.00% | 10.00% | +0.00 pp |
| Median terminal growth | 2.00% | 2.00% | +0.00 pp |
| Median revenue CAGR (5y) | 3.0% | 3.0% | +0.00 pp |
| Median EBIT margin target | 40.0% | 40.0% | +0.00 pp |
| Model dispersion σ | 13.1% | 14.5% | +1.42 pp |
Model Breakdown
DCF 27.90 → Cal. 24.79
Key Drivers
- Historical revenue CAGR was 6.6% from 2022 to 2025, but the latest 1-year rev…
- Trailing ROE is 14.6%, which supports a mid-teens sustainable ROE target for …
- Beta of 0.641 with a 3% risk-free rate and 4.5% equity risk premium implies a…
Top Risk
- Net interest income may normalize, limiting revenue growth.
- Regulatory capital requirements and Nordic macro conditions can constrain profitability…
- High balance-sheet leverage is structural for a bank and can amplify funding or asset-q…
Delta
CAGR-0.5pp
steady-growthlow-betamature-bank
DCF 21.17 → Cal. 20.07
Key Drivers
- Historical revenue CAGR 6.6% (2022-2025) moderating to sustainable 3.5% forward
- Trailing ROE 14.6% supports roe_target 0.15 in steady state
- Beta 0.64 implies low systematic risk; sector WACC anchored at 10.5%
Top Risk
- Interest rate normalization could compress net interest margins
- Regulatory capital requirements may limit leverage and ROE
- Macro slowdown in Nordic economies reduces loan demand
Delta
No previous data
stableno delta
DCF 20.04 → Cal. 19.28
Key Drivers
- Leading market position across the Nordic region providing stable diversified…
- Strong cost efficiency and operational leverage supporting a low cost-to-inco…
- Robust capital generation and high return on equity (ROE) driven by solid len…
Top Risk
- Potential compression of Net Interest Margins (NIM) as central bank interest rates stab…
- Macroeconomic slowdown in core Nordic markets impacting loan growth and credit quality
- Evolving regulatory capital requirements and potential increases in banking taxes or le…
Delta
No change
stable outlookno change
DCF 19.77 → Cal. 19.10
Key Drivers
- Diversified Nordic franchise spans Personal Banking, Business Banking, Large …
- Historical net revenue CAGR of 6.6% (2022–25) is expected to moderate to low …
- Scale, cost discipline, and wealth-management momentum support a steady-state…
Top Risk
- Further interest-rate normalization could compress net interest income before fee incom…
- A downturn in Nordic housing or corporate credit would raise loan losses.
- Stricter capital or MREL requirements could limit distributions and profitable balance-…
Delta
No change
no-changesame-assumptions
DCF 19.64 → Cal. 19.00
Key Drivers
- Historical revenue CAGR of 6.6% (2022–2025) was largely driven by the Nordic …
- Q2 2026 earnings call highlighted record AUM and robust ROE, confirming Asset…
- Trailing ROE of 14.6% is strong for a Nordic universal bank; a sustainable 5-…
Top Risk
- Interest rate normalization in the Nordics is the primary headwind: falling policy rate…
- Macroeconomic slowdown in Sweden, Finland, Norway, or Denmark could increase credit los…
- Basel IV implementation and evolving ECB/FSA capital requirements may constrain capital…
Delta
No change
no-changestable-assumptionsday-over-day-hold
Valuation Assumptions
| CLAUDE | DEEPSEEK | GEMINI | GPT | GROK | |
|---|---|---|---|---|---|
| Revenue CAGR 5Y | 3.0% | 3.0% | 2.5% | 2.0% -0.5pp | 3.5% |
| ROE Target | 14.5% | 14.0% | 14.5% | 14.6% | 15.0% |
| WACC | 10.8% | 10.0% | 10.0% | 6.0% | 10.5% |
| Terminal Growth | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% |
Fundamentals
EBIT Margin–%
EBITDA Margin–%
ROE14.6%
Net Debt / EBITDA–x
P/E Trailing12.7x
EV / EBITDA–x
P/B1.9x
Analyst Range13.40 – 20.10
Source: Yahoo Finance
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AI Investor Barometer · 2026-08-28
All content is generated by AI models and may contain errors. This is an experimental tool — not investment advice, research, or recommendation. About · Methodology · Terms of Use · Privacy Policy