Real-time Estimate
Cboe Europe
07:48:50 2024-06-10 am EDT
|
5-day change
|
1st Jan Change
|
566.5
DKK
|
-0.79%
|
|
-0.87%
|
+2.53%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
13,357
|
14,771
|
13,644
|
12,276
|
12,977
|
13,292
|
-
|
-
|
Enterprise Value (EV)
1 |
16,655
|
16,707
|
16,417
|
18,066
|
19,316
|
18,987
|
18,460
|
17,724
|
P/E ratio
|
14.6
x
|
16.2
x
|
13.2
x
|
12.9
x
|
13.9
x
|
12.8
x
|
10.4
x
|
7.76
x
|
Yield
|
2.5%
|
2.27%
|
2.64%
|
2.86%
|
2.89%
|
2.91%
|
3.28%
|
3.92%
|
Capitalization / Revenue
|
0.64
x
|
0.69
x
|
0.56
x
|
0.38
x
|
0.35
x
|
0.36
x
|
0.35
x
|
0.34
x
|
EV / Revenue
|
0.8
x
|
0.79
x
|
0.68
x
|
0.55
x
|
0.52
x
|
0.52
x
|
0.49
x
|
0.45
x
|
EV / EBITDA
|
8.54
x
|
7.56
x
|
7.44
x
|
7.92
x
|
6.78
x
|
6.5
x
|
5.99
x
|
5.23
x
|
EV / FCF
|
26.9
x
|
9.27
x
|
-
|
-23.1
x
|
21
x
|
10.2
x
|
16.3
x
|
16.7
x
|
FCF Yield
|
3.71%
|
10.8%
|
-
|
-4.33%
|
4.75%
|
9.84%
|
6.13%
|
5.98%
|
Price to Book
|
1.41
x
|
1.54
x
|
1.28
x
|
1.19
x
|
1.22
x
|
1.1
x
|
1.05
x
|
0.88
x
|
Nbr of stocks (in thousands)
|
23,852
|
23,979
|
23,979
|
23,428
|
23,467
|
23,279
|
-
|
-
|
Reference price
2 |
560.0
|
616.0
|
569.0
|
524.0
|
553.0
|
571.0
|
571.0
|
571.0
|
Announcement Date
|
3/6/20
|
3/5/21
|
3/4/22
|
3/3/23
|
3/1/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
20,946
|
21,273
|
24,219
|
32,637
|
37,210
|
36,473
|
37,750
|
39,135
|
EBITDA
1 |
1,951
|
2,209
|
2,208
|
2,282
|
2,849
|
2,921
|
3,081
|
3,387
|
EBIT
1 |
1,149
|
1,376
|
1,346
|
1,288
|
1,727
|
1,780
|
1,923
|
2,198
|
Operating Margin
|
5.49%
|
6.47%
|
5.56%
|
3.95%
|
4.64%
|
4.88%
|
5.09%
|
5.62%
|
Earnings before Tax (EBT)
1 |
1,149
|
1,209
|
1,332
|
1,304
|
1,367
|
1,403
|
1,658
|
2,035
|
Net income
1 |
911
|
912
|
1,038
|
960
|
935
|
1,029
|
1,218
|
1,501
|
Net margin
|
4.35%
|
4.29%
|
4.29%
|
2.94%
|
2.51%
|
2.82%
|
3.23%
|
3.84%
|
EPS
2 |
38.27
|
38.00
|
43.12
|
40.58
|
39.76
|
44.71
|
55.00
|
73.59
|
Free Cash Flow
1 |
618
|
1,803
|
-
|
-782
|
918
|
1,869
|
1,132
|
1,060
|
FCF margin
|
2.95%
|
8.48%
|
-
|
-2.4%
|
2.47%
|
5.12%
|
3%
|
2.71%
|
FCF Conversion (EBITDA)
|
31.68%
|
81.62%
|
-
|
-
|
32.22%
|
63.97%
|
36.72%
|
31.3%
|
FCF Conversion (Net income)
|
67.84%
|
197.7%
|
-
|
-
|
98.18%
|
181.68%
|
92.88%
|
70.61%
|
Dividend per Share
2 |
14.00
|
14.00
|
15.00
|
15.00
|
16.00
|
16.63
|
18.71
|
22.41
|
Announcement Date
|
3/6/20
|
3/5/21
|
3/4/22
|
3/3/23
|
3/1/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 S1
|
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
|
---|
Net sales
1 |
-
|
6,836
|
6,297
|
-
|
9,168
|
9,706
|
8,678
|
9,166
|
10,515
|
8,851
|
7,882
|
9,207
|
10,602
|
9,020
|
EBITDA
1 |
-
|
550
|
364
|
-
|
-
|
-
|
-
|
666
|
909
|
763
|
652
|
709
|
912
|
746
|
EBIT
1 |
-
|
332
|
149
|
-
|
448
|
348
|
244
|
406
|
634
|
444
|
374
|
433
|
609
|
459
|
Operating Margin
|
-
|
4.86%
|
2.37%
|
-
|
4.89%
|
3.59%
|
2.81%
|
4.43%
|
6.03%
|
5.02%
|
4.74%
|
4.7%
|
5.74%
|
5.09%
|
Earnings before Tax (EBT)
|
-
|
337
|
-
|
-
|
427
|
-
|
163
|
314
|
-
|
334
|
233
|
-
|
-
|
-
|
Net income
1 |
452
|
278
|
-
|
274
|
325
|
-
|
100
|
216
|
400
|
219
|
145
|
258
|
395
|
348
|
Net margin
|
-
|
4.07%
|
-
|
-
|
3.54%
|
-
|
1.15%
|
2.36%
|
3.8%
|
2.47%
|
1.84%
|
2.8%
|
3.73%
|
3.86%
|
EPS
2 |
18.74
|
-
|
-
|
11.57
|
-
|
-
|
-
|
9.180
|
16.99
|
9.320
|
6.170
|
12.20
|
18.70
|
17.40
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
8/12/21
|
3/4/22
|
5/5/22
|
8/16/22
|
11/10/22
|
3/3/23
|
5/4/23
|
8/15/23
|
11/14/23
|
3/1/24
|
4/30/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,298
|
1,936
|
2,773
|
5,790
|
6,339
|
5,695
|
5,167
|
4,432
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.69
x
|
0.8764
x
|
1.256
x
|
2.537
x
|
2.225
x
|
1.949
x
|
1.677
x
|
1.309
x
|
Free Cash Flow
1 |
618
|
1,803
|
-
|
-782
|
918
|
1,869
|
1,132
|
1,060
|
ROE (net income / shareholders' equity)
|
10%
|
9.5%
|
10.2%
|
9.32%
|
8.9%
|
9.09%
|
10.2%
|
11.5%
|
ROA (Net income/ Total Assets)
|
5.1%
|
4.96%
|
5.25%
|
3.85%
|
3.32%
|
3.45%
|
4%
|
4.52%
|
Assets
1 |
17,859
|
18,386
|
19,759
|
24,966
|
28,171
|
29,827
|
30,433
|
33,214
|
Book Value Per Share
2 |
397.0
|
401.0
|
445.0
|
442.0
|
454.0
|
517.0
|
546.0
|
647.0
|
Cash Flow per Share
2 |
59.30
|
95.70
|
-
|
-
|
75.60
|
117.0
|
108.0
|
134.0
|
Capex
1 |
792
|
493
|
745
|
1,101
|
859
|
734
|
919
|
1,116
|
Capex / Sales
|
3.78%
|
2.32%
|
3.08%
|
3.37%
|
2.31%
|
2.01%
|
2.43%
|
2.85%
|
Announcement Date
|
3/6/20
|
3/5/21
|
3/4/22
|
3/3/23
|
3/1/24
|
-
|
-
|
-
|
Average target price
678.3
DKK Spread / Average Target +18.80% Consensus |
1st Jan change
|
Capi.
|
---|
| +2.53% | 1.93B | | +9.64% | 11.26B | | +4.29% | 6.06B | | +3.98% | 5.29B | | +15.82% | 5.09B | | -14.27% | 1.26B | | +51.05% | 1B | | -18.34% | 867M | | -27.15% | 842M | | -5.10% | 778M |
Animal Feed
|