SCANDINAVIAN TOBACCO GROUP A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 100 DKK | +1.73% |
|
+5.26% | -14.75% |
| Jul. 01 | Scandinavian Tobacco Group Closes Mac Baren Tobacco Purchase | MT |
| Jul. 01 | Scandinavian Tobacco Group A/S acquired MacBaren Tobacco Company A/S from Harald Halberg Holding A/S | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,095 | 10,176 | 12,776 | 10,651 | 10,125 | 8,233 | - | - |
| Enterprise Value (EV) 1 | 10,425 | 13,117 | 15,718 | 14,280 | 14,182 | 12,410 | 12,145 | 12,222 |
| P/E ratio | 10.8 x | 15.3 x | 9.47 x | 7.54 x | 8.63 x | 8.25 x | 7.72 x | 7.59 x |
| Yield | 7.51% | 6.24% | 5.46% | 6.76% | 7.16% | 8.31% | 8.61% | 8.89% |
| Capitalization / Revenue | 1.18 x | 1.27 x | 1.55 x | 1.22 x | 1.16 x | 0.93 x | 0.92 x | 0.92 x |
| EV / Revenue | 1.52 x | 1.64 x | 1.91 x | 1.63 x | 1.62 x | 1.4 x | 1.36 x | 1.36 x |
| EV / EBITDA | 6.89 x | 7.18 x | 7.04 x | 6.29 x | 6.73 x | 6.56 x | 6.24 x | 6.19 x |
| EV / FCF | 8.84 x | 9.46 x | 11.3 x | 11.3 x | 30 x | 15.6 x | 12.6 x | 11.3 x |
| FCF Yield | 11.3% | 10.6% | 8.84% | 8.83% | 3.33% | 6.39% | 7.95% | 8.81% |
| Price to Book | 0.89 x | 1.24 x | 1.47 x | 1.19 x | 1.08 x | 0.85 x | 0.84 x | 0.82 x |
| Nbr of stocks (in thousands) | 99,633 | 97,756 | 93,052 | 87,235 | 86,315 | 82,331 | - | - |
| Reference price 2 | 81.25 | 104.1 | 137.3 | 122.1 | 117.3 | 100.0 | 100.0 | 100.0 |
| Announcement Date | 2/27/20 | 3/10/21 | 3/8/22 | 3/8/23 | 3/5/24 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,870 | 8,006 | 8,233 | 8,762 | 8,731 | 8,868 | 8,917 | 8,960 |
| EBITDA 1 | 1,513 | 1,826 | 2,233 | 2,270 | 2,106 | 1,892 | 1,945 | 1,973 |
| EBIT 1 | 977.2 | 986 | 1,814 | 1,953 | 1,638 | 1,529 | 1,578 | 1,584 |
| Operating Margin | 14.22% | 12.32% | 22.03% | 22.29% | 18.76% | 17.24% | 17.7% | 17.68% |
| Earnings before Tax (EBT) 1 | 948.6 | 951 | 1,769 | 1,856 | 1,491 | 1,299 | 1,368 | 1,364 |
| Net income 1 | 748 | 678 | 1,391 | 1,476 | 1,182 | 1,020 | 1,077 | 1,072 |
| Net margin | 10.89% | 8.47% | 16.9% | 16.85% | 13.54% | 11.51% | 12.07% | 11.96% |
| EPS 2 | 7.500 | 6.800 | 14.50 | 16.20 | 13.60 | 12.12 | 12.95 | 13.18 |
| Free Cash Flow 1 | 1,179 | 1,386 | 1,389 | 1,261 | 472 | 793 | 966 | 1,077 |
| FCF margin | 17.16% | 17.32% | 16.87% | 14.39% | 5.41% | 8.94% | 10.83% | 12.02% |
| FCF Conversion (EBITDA) | 77.93% | 75.92% | 62.2% | 55.55% | 22.42% | 41.92% | 49.65% | 54.58% |
| FCF Conversion (Net income) | 157.63% | 204.47% | 99.86% | 85.42% | 39.92% | 77.72% | 89.72% | 100.49% |
| Dividend per Share 2 | 6.100 | 6.500 | 7.500 | 8.250 | 8.400 | 8.314 | 8.606 | 8.889 |
| Announcement Date | 2/27/20 | 3/10/21 | 3/8/22 | 3/8/23 | 3/5/24 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,012 | 1,938 | 2,278 | 2,362 | 2,185 | 2,269 | 1,948 |
| EBITDA 1 | 474 | 532 | 544 | 631 | 563.4 | - | 335 |
| EBIT | 393 | 427.1 | 432.8 | 514.3 | 578.8 | - | - |
| Operating Margin | 19.53% | 22.04% | 19% | 21.77% | 26.49% | - | - |
| Earnings before Tax (EBT) | 385 | 423.2 | 399.9 | 492.2 | - | - | - |
| Net income | 307 | 328 | 309.8 | 381.5 | 457 | 351 | - |
| Net margin | 15.26% | 16.92% | 13.6% | 16.15% | 20.92% | 15.47% | - |
| EPS | - | - | 3.400 | 4.200 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/8/22 | 5/19/22 | 8/21/22 | 11/9/22 | 3/8/23 | 11/8/23 | 5/2/24 |
1DKK in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,330 | 2,941 | 2,942 | 3,629 | 4,057 | 4,177 | 3,912 | 3,989 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.54 x | 1.611 x | 1.318 x | 1.599 x | 1.927 x | 2.208 x | 2.011 x | 2.021 x |
| Free Cash Flow 1 | 1,179 | 1,386 | 1,389 | 1,261 | 472 | 793 | 966 | 1,077 |
| ROE (net income / shareholders' equity) | 8.34% | 7.76% | 16% | 16.1% | 12.6% | 10.6% | 10.9% | 10.9% |
| ROA (Net income/ Total Assets) | 5.48% | 4.87% | 9.73% | 9.94% | 7.63% | 6.26% | 6.36% | 6.6% |
| Assets 1 | 13,643 | 13,934 | 14,290 | 14,853 | 15,488 | 16,300 | 16,920 | 16,227 |
| Book Value Per Share 2 | 91.00 | 83.70 | 93.70 | 103.0 | 109.0 | 117.0 | 120.0 | 122.0 |
| Cash Flow per Share 2 | 13.00 | 15.90 | 16.40 | 15.30 | 15.50 | 12.60 | 15.10 | 15.70 |
| Capex 1 | 121 | 199 | 240 | 390 | 308 | 295 | 298 | 252 |
| Capex / Sales | 1.75% | 2.49% | 2.92% | 4.45% | 3.53% | 3.33% | 3.34% | 2.82% |
| Announcement Date | 2/27/20 | 3/10/21 | 3/8/22 | 3/8/23 | 3/5/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
100
DKK
Average target price
110.7
DKK
Spread / Average Target
+10.67%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.75% | 1.17B | |
| -7.31% | 63.67B | |
| +23.10% | 48.71B | |
| +1.27% | 7.17B | |
| -21.23% | 5B | |
| -8.00% | 2.31B | |
| -14.64% | 2.04B | |
| -37.94% | 1.47B | |
| -15.45% | 1.09B | |
| -6.20% | 1.05B |
- Stock Market
- Equities
- STG Stock
- Financials Scandinavian Tobacco Group A/S
