Alphaboard - research by investors.

Svenska Handelsbanken AB (publ)

Financial Services
SHB-A.ST: 

Research

  • Author: micke
    • 125.55 +35.76% (01/07/2025)
    • 130.00 +40.57% (12/06/2024)
    • BUY 

    Handelsbanken had a good result 2023Q3 with net earnings of 4.02 SEK/share, slightly up from Q2. My best guess is that we will remain on these profit levels, a small decline in 24/25 when interest rates are lowered, but the bank's growth will compensate for this in a year or two. My approximation is 15 SEK/year net profit, PE23=6.5.The bank normally has a P/E of 10, which gives an upside of about 50%. I think we will see dividends of around 70%*15=10,5SEK, i.e. 10%, dividend yield.


    18/10/2023| Analyses:6
    2

Copyright © 2025 Alphaboard Research AB.