DFDS A/S |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 228.5 DKK | +2.74% |
|
+6.54% | +2.33% |
| Apr. 19 | Denmark's DFDS Recruits New CFO | MT |
| Apr. 19 | DFDS A/S Appoints Karen Dyrskjøt Boesen as New CFO, Effective 1 July 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,580 | 15,744 | 20,039 | 14,707 | 12,528 | 12,365 | - | - |
| Enterprise Value (EV) 1 | 30,514 | 27,105 | 33,474 | 28,816 | 27,217 | 28,130 | 28,079 | 29,086 |
| P/E ratio | 14.3 x | 36.4 x | 20.9 x | 7.32 x | 8.39 x | 8.7 x | 6.66 x | 4.97 x |
| Yield | 1.23% | - | 1.15% | 3.12% | 2.24% | 2.61% | 2.74% | 3.16% |
| Capitalization / Revenue | 1.12 x | 1.13 x | 1.12 x | 0.55 x | 0.46 x | 0.42 x | 0.4 x | 0.38 x |
| EV / Revenue | 1.84 x | 1.94 x | 1.87 x | 1.07 x | 1 x | 0.96 x | 0.91 x | 0.89 x |
| EV / EBITDA | 8.4 x | 9.92 x | 9.81 x | 5.82 x | 5.41 x | 5.29 x | 4.81 x | 4.49 x |
| EV / FCF | 89 x | 187 x | 17 x | 19.3 x | 10.2 x | 15 x | 11 x | 10.5 x |
| FCF Yield | 1.12% | 0.53% | 5.89% | 5.17% | 9.78% | 6.65% | 9.12% | 9.49% |
| Price to Book | 1.85 x | 1.5 x | 1.79 x | 1.15 x | 0.95 x | 0.8 x | 0.72 x | 0.62 x |
| Nbr of stocks (in thousands) | 57,168 | 57,210 | 57,418 | 57,359 | 56,180 | 55,599 | - | - |
| Reference price 2 | 325.0 | 275.2 | 349.0 | 256.4 | 223.0 | 222.4 | 222.4 | 222.4 |
| Announcement Date | 2/6/20 | 2/10/21 | 2/8/22 | 2/9/23 | 2/9/24 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,592 | 13,971 | 17,869 | 26,873 | 27,304 | 29,415 | 30,710 | 32,657 |
| EBITDA 1 | 3,633 | 2,732 | 3,411 | 4,955 | 5,034 | 5,315 | 5,832 | 6,479 |
| EBIT 1 | 1,751 | 858 | 1,313 | 2,457 | 2,326 | 2,308 | 2,703 | 3,123 |
| Operating Margin | 10.55% | 6.14% | 7.35% | 9.14% | 8.52% | 7.85% | 8.8% | 9.56% |
| Earnings before Tax (EBT) 1 | 1,371 | 466 | 1,069 | 2,139 | 1,652 | 1,528 | 1,934 | 2,444 |
| Net income 1 | 1,309 | 433 | 958 | 2,010 | 1,501 | 1,415 | 1,791 | 2,279 |
| Net margin | 7.89% | 3.1% | 5.36% | 7.48% | 5.5% | 4.81% | 5.83% | 6.98% |
| EPS 2 | 22.80 | 7.560 | 16.67 | 35.04 | 26.58 | 25.57 | 33.39 | 44.79 |
| Free Cash Flow 1 | 343 | 145 | 1,970 | 1,491 | 2,662 | 1,869 | 2,560 | 2,759 |
| FCF margin | 2.07% | 1.04% | 11.02% | 5.55% | 9.75% | 6.36% | 8.34% | 8.45% |
| FCF Conversion (EBITDA) | 9.44% | 5.31% | 57.75% | 30.09% | 52.88% | 35.17% | 43.9% | 42.58% |
| FCF Conversion (Net income) | 26.2% | 33.49% | 205.64% | 74.18% | 177.35% | 132.08% | 142.94% | 121.08% |
| Dividend per Share 2 | 4.000 | - | 4.000 | 8.000 | 5.000 | 5.800 | 6.100 | 7.033 |
| Announcement Date | 2/6/20 | 2/10/21 | 2/8/22 | 2/9/23 | 2/9/24 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 4,406 | 5,482 | - | 7,046 | 7,205 | 6,542 | 6,341 | 6,942 | 7,190 | 6,832 | 6,882 | 7,269 | 7,787 | 7,638 |
| EBITDA 1 | - | 915 | - | 1,459 | 1,591 | 1,084 | 1,007 | 1,404 | 1,592 | 1,030 | 1,062 | 1,362 | 1,792 | 1,115 |
| EBIT 1 | - | 309 | - | 826 | 968 | 448 | 362 | 718 | 888 | 358 | 289 | 619 | 1,049 | 321.5 |
| Operating Margin | - | 5.64% | - | 11.72% | 13.44% | 6.85% | 5.71% | 10.34% | 12.35% | 5.24% | 4.2% | 8.52% | 13.47% | 4.21% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | - | 27 | 510 | 839 | 66 |
| Net income 1 | - | - | 111 | - | - | - | 129 | 536 | 658 | 178 | 25 | 473 | 780 | 61 |
| Net margin | - | - | - | - | - | - | 2.03% | 7.72% | 9.15% | 2.61% | 0.36% | 6.51% | 10.02% | 0.8% |
| EPS 2 | - | - | 1.940 | - | - | - | 2.270 | 9.510 | 11.69 | 3.160 | 0.4000 | 8.500 | 14.10 | 1.100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/17/21 | 2/8/22 | 5/11/22 | 8/16/22 | 11/17/22 | 2/9/23 | 5/11/23 | 8/15/23 | 11/15/23 | 2/9/24 | - | - | - | - |
1DKK in Million2DKK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,934 | 11,361 | 13,435 | 14,109 | 14,689 | 15,765 | 15,713 | 16,720 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.285 x | 4.158 x | 3.939 x | 2.847 x | 2.918 x | 2.966 x | 2.694 x | 2.581 x |
| Free Cash Flow 1 | 343 | 145 | 1,970 | 1,491 | 2,662 | 1,869 | 2,560 | 2,759 |
| ROE (net income / shareholders' equity) | 14.5% | 4.2% | 8.7% | 16.4% | 11.2% | 9.67% | 11.2% | 13.1% |
| ROA (Net income/ Total Assets) | 5.74% | 1.61% | - | - | 4.35% | 3.72% | 4.61% | 5.05% |
| Assets 1 | 22,813 | 26,935 | - | - | 34,478 | 38,016 | 38,856 | 45,104 |
| Book Value Per Share 2 | 175.0 | 183.0 | 195.0 | 222.0 | 236.0 | 278.0 | 308.0 | 357.0 |
| Cash Flow per Share 2 | 52.40 | - | - | 78.10 | 67.50 | 90.60 | 94.60 | 112.0 |
| Capex 1 | 2,587 | 1,617 | 1,566 | 2,989 | 1,576 | 2,181 | 2,275 | 2,818 |
| Capex / Sales | 15.59% | 11.57% | 8.76% | 11.12% | 5.77% | 7.42% | 7.41% | 8.63% |
| Announcement Date | 2/6/20 | 2/10/21 | 2/8/22 | 2/9/23 | 2/9/24 | - | - | - |
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
BUY
Number of Analysts
4
Last Close Price
222.4
DKK
Average target price
354.2
DKK
Spread / Average Target
+59.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.18% | 1.79B | |
| +5.56% | 26.99B | |
| +34.27% | 25.54B | |
| -19.37% | 22.13B | |
| -1.51% | 12.78B | |
| +5.47% | 10.96B | |
| +7.36% | 9.84B | |
| +10.28% | 9.82B | |
| +47.11% | 9.77B | |
| +3.39% | 7.98B |
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