Market Closed -
Nasdaq Copenhagen
10:59:38 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
954.2
DKK
|
+0.63%
|
|
+2.87%
|
+12.68%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
145,805
|
142,676
|
163,149
|
133,594
|
122,775
|
133,138
|
-
|
-
|
Enterprise Value (EV)
1 |
164,584
|
163,939
|
182,311
|
152,920
|
145,126
|
158,499
|
158,903
|
159,470
|
P/E ratio
|
22.7
x
|
23.7
x
|
23.8
x
|
-121
x
|
-2.83
x
|
17.6
x
|
15.9
x
|
14.4
x
|
Yield
|
2.11%
|
2.26%
|
2.12%
|
2.92%
|
3.19%
|
2.88%
|
3.16%
|
3.45%
|
Capitalization / Revenue
|
2.21
x
|
2.44
x
|
2.45
x
|
1.9
x
|
1.67
x
|
1.74
x
|
1.66
x
|
1.59
x
|
EV / Revenue
|
2.5
x
|
2.8
x
|
2.74
x
|
2.18
x
|
1.97
x
|
2.07
x
|
1.98
x
|
1.9
x
|
EV / EBITDA
|
11
x
|
11.6
x
|
11.8
x
|
9.77
x
|
9.56
x
|
9.99
x
|
9.39
x
|
8.81
x
|
EV / FCF
|
17.5
x
|
32.4
x
|
20.5
x
|
15.5
x
|
29.8
x
|
20.2
x
|
18.2
x
|
17.5
x
|
FCF Yield
|
5.72%
|
3.08%
|
4.87%
|
6.46%
|
3.36%
|
4.94%
|
5.51%
|
5.72%
|
Price to Book
|
3.39
x
|
3.6
x
|
3.65
x
|
3.97
x
|
4.89
x
|
5.29
x
|
5.17
x
|
5.13
x
|
Nbr of stocks (in thousands)
|
147,996
|
145,102
|
141,892
|
137,341
|
134,114
|
132,790
|
-
|
-
|
Reference price
2 |
993.8
|
975.2
|
1,130
|
923.2
|
846.8
|
954.2
|
954.2
|
954.2
|
Announcement Date
|
2/4/20
|
2/5/21
|
2/4/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
65,902
|
58,541
|
66,634
|
70,265
|
73,585
|
76,719
|
80,247
|
83,963
|
EBITDA
1 |
15,007
|
14,085
|
15,474
|
15,657
|
15,179
|
15,867
|
16,916
|
18,092
|
EBIT
1 |
10,465
|
9,699
|
10,862
|
11,470
|
11,105
|
11,549
|
12,476
|
13,462
|
Operating Margin
|
15.88%
|
16.57%
|
16.3%
|
16.32%
|
15.09%
|
15.05%
|
15.55%
|
16.03%
|
Earnings before Tax (EBT)
1 |
10,228
|
9,041
|
10,228
|
9,961
|
9,830
|
10,613
|
11,543
|
12,478
|
Net income
1 |
6,569
|
6,030
|
6,846
|
-1,063
|
-40,788
|
7,244
|
7,863
|
8,490
|
Net margin
|
9.97%
|
10.3%
|
10.27%
|
-1.51%
|
-55.43%
|
9.44%
|
9.8%
|
10.11%
|
EPS
2 |
43.70
|
41.10
|
47.40
|
-7.600
|
-299.7
|
54.15
|
59.88
|
66.20
|
Free Cash Flow
1 |
9,415
|
5,057
|
8,876
|
9,884
|
4,878
|
7,833
|
8,753
|
9,118
|
FCF margin
|
14.29%
|
8.64%
|
13.32%
|
14.07%
|
6.63%
|
10.21%
|
10.91%
|
10.86%
|
FCF Conversion (EBITDA)
|
62.74%
|
35.9%
|
57.36%
|
63.13%
|
32.14%
|
49.37%
|
51.75%
|
50.39%
|
FCF Conversion (Net income)
|
143.32%
|
83.86%
|
129.65%
|
-
|
-
|
108.13%
|
111.32%
|
107.39%
|
Dividend per Share
2 |
21.00
|
22.00
|
24.00
|
27.00
|
27.00
|
27.49
|
30.18
|
32.89
|
Announcement Date
|
2/4/20
|
2/5/21
|
2/4/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
32,912
|
28,830
|
29,711
|
31,687
|
19,739
|
15,208
|
34,947
|
-
|
20,511
|
35,447
|
-
|
-
|
34,818
|
16,405
|
21,383
|
37,788
|
35,797
|
17,114
|
22,313
|
39,344
|
21,486
|
16,243
|
37,846
|
-
|
41,267
|
38,896
|
EBITDA
|
-
|
6,797
|
7,288
|
7,245
|
-
|
-
|
8,229
|
-
|
-
|
7,705
|
-
|
-
|
7,087
|
-
|
-
|
8,060
|
7,119
|
-
|
-
|
8,517
|
-
|
-
|
7,494
|
-
|
-
|
-
|
EBIT
|
5,294
|
4,615
|
5,084
|
5,111
|
-
|
-
|
5,751
|
-
|
-
|
6,442
|
-
|
-
|
5,028
|
-
|
-
|
6,272
|
4,833
|
-
|
-
|
6,207
|
-
|
-
|
5,616
|
-
|
6,586
|
6,194
|
Operating Margin
|
16.09%
|
16.01%
|
17.11%
|
16.13%
|
-
|
-
|
16.46%
|
-
|
-
|
18.17%
|
-
|
-
|
14.44%
|
-
|
-
|
16.6%
|
13.5%
|
-
|
-
|
15.78%
|
-
|
-
|
14.84%
|
-
|
15.96%
|
15.92%
|
Earnings before Tax (EBT)
|
5,375
|
4,404
|
4,637
|
4,674
|
-
|
-
|
5,554
|
-
|
-
|
5,069
|
-
|
-
|
-
|
-
|
-
|
5,771
|
-
|
-
|
-
|
5,713
|
-
|
-
|
5,262
|
-
|
6,307
|
5,676
|
Net income
1 |
3,490
|
2,855
|
3,175
|
3,027
|
1,910
|
1,910
|
3,819
|
-2,638
|
-2,638
|
-5,276
|
2,106
|
-
|
-
|
-
|
-
|
3,495
|
-44,283
|
1,061
|
2,476
|
3,880
|
2,476
|
1,061
|
3,408
|
-
|
4,289
|
3,860
|
Net margin
|
10.6%
|
9.9%
|
10.69%
|
9.55%
|
9.67%
|
12.56%
|
10.93%
|
-
|
-12.86%
|
-14.88%
|
-
|
-
|
-
|
-
|
-
|
9.25%
|
-123.71%
|
6.2%
|
11.09%
|
9.86%
|
11.52%
|
6.53%
|
9.01%
|
-
|
10.39%
|
9.92%
|
EPS
2 |
23.40
|
19.30
|
21.80
|
20.90
|
13.26
|
13.26
|
26.50
|
-
|
-
|
-37.40
|
15.11
|
-
|
-
|
-
|
-
|
25.50
|
-
|
7.927
|
18.58
|
27.85
|
18.54
|
8.019
|
24.65
|
-
|
31.50
|
28.30
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
24.00
|
24.00
|
-
|
-
|
-
|
-
|
27.00
|
-
|
-
|
-
|
-
|
-
|
6.785
|
6.785
|
28.13
|
6.785
|
6.785
|
-
|
7.384
|
31.47
|
-
|
Announcement Date
|
2/4/20
|
8/13/20
|
2/5/21
|
8/18/21
|
10/28/21
|
2/4/22
|
2/4/22
|
8/17/22
|
8/17/22
|
8/17/22
|
2/7/23
|
2/7/23
|
2/7/23
|
5/16/23
|
8/16/23
|
8/16/23
|
2/7/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
18,779
|
21,263
|
19,162
|
19,326
|
22,351
|
25,361
|
25,765
|
26,332
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.251
x
|
1.51
x
|
1.238
x
|
1.234
x
|
1.472
x
|
1.598
x
|
1.523
x
|
1.455
x
|
Free Cash Flow
1 |
9,415
|
5,057
|
8,876
|
9,884
|
4,878
|
7,833
|
8,753
|
9,118
|
ROE (net income / shareholders' equity)
|
13.9%
|
15.4%
|
16.7%
|
25%
|
26.9%
|
29.9%
|
32.3%
|
34.8%
|
ROA (Net income/ Total Assets)
|
5.46%
|
4.99%
|
5.66%
|
-0.88%
|
6.54%
|
6.53%
|
6.86%
|
7.22%
|
Assets
1 |
120,411
|
120,939
|
120,886
|
120,864
|
-623,965
|
110,880
|
114,596
|
117,512
|
Book Value Per Share
2 |
294.0
|
271.0
|
310.0
|
232.0
|
173.0
|
180.0
|
185.0
|
186.0
|
Cash Flow per Share
2 |
81.40
|
74.80
|
91.90
|
92.40
|
85.10
|
89.10
|
94.80
|
104.0
|
Capex
1 |
4,588
|
4,396
|
4,221
|
4,018
|
4,243
|
5,089
|
5,305
|
5,464
|
Capex / Sales
|
6.96%
|
7.51%
|
6.33%
|
5.72%
|
5.77%
|
6.63%
|
6.61%
|
6.51%
|
Announcement Date
|
2/4/20
|
2/5/21
|
2/4/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Last Close Price
954.2
DKK Average target price
1,064
DKK Spread / Average Target +11.54% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.68% | 19.06B | | +384.45% | 67.41B | | -0.59% | 55.17B | | +7.57% | 47.58B | | -12.53% | 36.89B | | 0.00% | 23.13B | | -25.17% | 18.42B | | +3.94% | 17.59B | | +6.29% | 15.06B | | +2.17% | 13.27B |
Other Brewers
|