Føroya Banki: A solid bank in uncertain times - Nordea
Detta är en aktieanalys producerad av tredje part och reflekterar därför nödvändigtvis ej våra åsikter och värderingar
Føroya Banki reports its Q1 2025 results on 30 April. We make only minor estimates revisions ahead of the report and raise our full-year net profit estimate by DKK ~1m, to DKK 221m, which is slightly below the midpoint of the bank's guidance range of DKK 210-240m. Despite macroeconomic uncertainty stemming from US-imposed tariffs (10% on Faroe Islands), we argue that Føroya Banki is relatively well positioned, as the US ranks low among Faroese export partners (~1%). Føroya Banki is trading at a 2025E adjusted P/E of ~5x, below that of Danish peers at ~9x. We lower our Gordon growth-based fair value range to DKK 161-197 (192-235), led by the share trading ex-dividend since our latest update. Marketing material commissioned by Føroya Banki.