DSV A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,054 DKK | +3.74% |
|
+0.91% | -11.09% |
| May. 31 | Catena Buys New Logistics Property in Sweden from DSV | MT |
| May. 31 | Maersk, DSV, Bahri Make Final Round of Bidding for Deutsche Bahn's Logistics Business | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 175,571 | 230,701 | 357,685 | 238,147 | 248,050 | 219,495 | - | - |
| Enterprise Value (EV) 1 | 193,926 | 247,671 | 386,139 | 268,017 | 282,633 | 252,694 | 252,638 | 252,378 |
| P/E ratio | 41.7 x | 55.4 x | 31.7 x | 14.4 x | 20.8 x | 19.8 x | 16.5 x | 14.5 x |
| Yield | 0.33% | 0.39% | 0.36% | 0.59% | 0.59% | 0.63% | 0.68% | 0.73% |
| Capitalization / Revenue | 1.85 x | 1.99 x | 1.96 x | 1.01 x | 1.65 x | 1.44 x | 1.39 x | 1.32 x |
| EV / Revenue | 2.05 x | 2.14 x | 2.12 x | 1.14 x | 1.87 x | 1.66 x | 1.59 x | 1.51 x |
| EV / EBITDA | 18.8 x | 18.3 x | 18.9 x | 8.85 x | 12.3 x | 11.6 x | 10.9 x | 10.3 x |
| EV / FCF | 23.5 x | 25.5 x | 30.6 x | 10.4 x | 19.6 x | 19.4 x | 18.3 x | 17 x |
| FCF Yield | 4.25% | 3.92% | 3.27% | 9.66% | 5.1% | 5.14% | 5.47% | 5.89% |
| Price to Book | 3.55 x | 4.87 x | 4.83 x | 3.33 x | 3.61 x | 3.06 x | 2.85 x | 2.65 x |
| Nbr of stocks (in thousands) | 228,667 | 226,178 | 234,164 | 217,188 | 209,237 | 208,249 | - | - |
| Reference price 2 | 767.8 | 1,020 | 1,528 | 1,096 | 1,186 | 1,054 | 1,054 | 1,054 |
| Announcement Date | 2/7/20 | 2/10/21 | 2/9/22 | 2/2/23 | 2/1/24 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 94,701 | 115,932 | 182,306 | 235,665 | 150,785 | 152,162 | 158,397 | 166,603 |
| EBITDA 1 | 10,292 | 13,559 | 20,417 | 30,275 | 22,997 | 21,751 | 23,279 | 24,471 |
| EBIT 1 | 6,654 | 9,520 | 16,223 | 25,204 | 17,723 | 16,241 | 17,449 | 18,369 |
| Operating Margin | 7.03% | 8.21% | 8.9% | 10.69% | 11.75% | 10.67% | 11.02% | 11.03% |
| Earnings before Tax (EBT) 1 | 4,996 | 5,627 | 14,904 | 23,221 | 16,490 | 14,509 | 16,322 | 17,499 |
| Net income 1 | 3,700 | 4,250 | 11,205 | 17,568 | 12,315 | 11,125 | 12,841 | 13,544 |
| Net margin | 3.91% | 3.67% | 6.15% | 7.45% | 8.17% | 7.31% | 8.11% | 8.13% |
| EPS 2 | 18.40 | 18.40 | 48.20 | 76.20 | 57.10 | 53.21 | 63.71 | 72.82 |
| Free Cash Flow 1 | 8,250 | 9,720 | 12,622 | 25,880 | 14,428 | 12,992 | 13,830 | 14,867 |
| FCF margin | 8.71% | 8.38% | 6.92% | 10.98% | 9.57% | 8.54% | 8.73% | 8.92% |
| FCF Conversion (EBITDA) | 80.16% | 71.69% | 61.82% | 85.48% | 62.74% | 59.73% | 59.41% | 60.76% |
| FCF Conversion (Net income) | 222.97% | 228.71% | 112.65% | 147.31% | 117.16% | 116.78% | 107.7% | 109.77% |
| Dividend per Share 2 | 2.500 | 4.000 | 5.500 | 6.500 | 7.000 | 6.648 | 7.214 | 7.683 |
| Announcement Date | 2/7/20 | 2/10/21 | 2/9/22 | 2/2/23 | 2/1/24 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 61,302 | 61,125 | 62,749 | 60,560 | 51,231 | 40,954 | 37,727 | 35,576 | 36,528 | 38,340 | 38,421 | 37,293 | 38,131 | 40,304 | 39,490 |
| EBITDA 1 | 6,340 | 7,676 | 8,701 | 7,774 | 6,124 | 5,941 | 6,022 | 5,724 | 5,310 | 5,032 | 5,275 | 5,473 | 5,363 | 5,383 | 5,700 |
| EBIT 1 | 5,113 | 6,496 | 7,453 | 6,506 | 4,749 | 4,672 | 4,705 | 4,396 | 3,950 | 3,641 | 4,080 | 4,247 | 4,128 | 3,946 | 4,268 |
| Operating Margin | 8.34% | 10.63% | 11.88% | 10.74% | 9.27% | 11.41% | 12.47% | 12.36% | 10.81% | 9.5% | 10.62% | 11.39% | 10.83% | 9.79% | 10.81% |
| Earnings before Tax (EBT) 1 | 4,387 | 5,763 | 6,680 | 5,944 | 4,834 | 4,326 | 4,533 | 3,767 | 3,864 | 3,157 | 3,688 | 3,861 | 3,931 | 3,679 | 4,050 |
| Net income 1 | 3,211 | 4,386 | 5,070 | 4,390 | 3,722 | 3,266 | 3,362 | 2,778 | 2,909 | 2,377 | 2,774 | 2,981 | 2,946 | 2,874 | 3,186 |
| Net margin | 5.24% | 7.18% | 8.08% | 7.25% | 7.27% | 7.97% | 8.91% | 7.81% | 7.96% | 6.2% | 7.22% | 7.99% | 7.73% | 7.13% | 8.07% |
| EPS 2 | 13.50 | 18.40 | 21.60 | 19.20 | 17.00 | 14.90 | 15.50 | 13.00 | 13.70 | 11.30 | 13.18 | 14.32 | 14.22 | 14.50 | 16.24 |
| Dividend per Share 2 | 5.500 | - | - | - | 6.500 | - | - | - | 7.000 | - | - | - | 6.636 | - | - |
| Announcement Date | 2/9/22 | 4/27/22 | 7/26/22 | 10/25/22 | 2/2/23 | 4/27/23 | 7/25/23 | 10/24/23 | 2/1/24 | 4/24/24 | - | - | - | - | - |
1DKK in Million2DKK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 18,355 | 16,970 | 28,454 | 29,870 | 34,583 | 33,199 | 33,144 | 32,884 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.783 x | 1.252 x | 1.394 x | 0.9866 x | 1.504 x | 1.526 x | 1.424 x | 1.344 x |
| Free Cash Flow 1 | 8,250 | 9,720 | 12,622 | 25,880 | 14,428 | 12,992 | 13,830 | 14,867 |
| ROE (net income / shareholders' equity) | 11.6% | 8.8% | 18.4% | 24.1% | 17.6% | 15.8% | 17.2% | 17.8% |
| ROA (Net income/ Total Assets) | 6.54% | 4.39% | 8.7% | 11% | 8.04% | 7.33% | 8.16% | 8.54% |
| Assets 1 | 56,616 | 96,904 | 128,823 | 160,220 | 153,078 | 151,779 | 157,432 | 158,610 |
| Book Value Per Share 2 | 216.0 | 210.0 | 316.0 | 330.0 | 328.0 | 344.0 | 370.0 | 398.0 |
| Cash Flow per Share 2 | 34.20 | 44.40 | 52.50 | 123.0 | 76.40 | 69.80 | 80.20 | 83.60 |
| Capex 1 | 1,000 | 1,121 | 1,180 | 1,514 | 2,375 | 2,385 | 2,417 | 2,513 |
| Capex / Sales | 1.06% | 0.97% | 0.65% | 0.64% | 1.58% | 1.57% | 1.53% | 1.51% |
| Announcement Date | 2/7/20 | 2/10/21 | 2/9/22 | 2/2/23 | 2/1/24 | - | - | - |
1DKK in Million2DKK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
1,054
DKK
Average target price
1,406
DKK
Spread / Average Target
+33.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.09% | 31.92B | |
| -11.84% | 33.46B | |
| -1.52% | 6.34B | |
| -6.27% | 4.87B | |
| -3.33% | 4.32B | |
| +6.92% | 4.22B | |
| +8.17% | 3.79B | |
| -.--% | 3.57B | |
| +71.37% | 2.61B | |
| +10.73% | 2.33B |
- Stock Market
- Equities
- DSV Stock
- Financials DSV A/S
