ALK-Abelló A/S (ALK-B.CO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-78.8%

DKK 51.63

vs DKK 243.40 price

Levered DCF

DKK 90.21

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

14.49

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	42.33×	43.23×	46×	63.19×	171.5×	1,136.36×	-355.43×	-64.62×
P/B	7.86×	6.55×	5.03×	5.31×	10.81×	8.66×	5.61×	3.45×
P/S	8.02×	6.36×	4.64×	4.7×	9.61×	7.82×	5.44×	3.76×
EV / EBITDA	25.08×	25.69×	24.8×	30.54×	70.11×	73.51×	70.33×	74.02×
Gross margin	65.9%	64.2%	62.9%	61.9%	61.2%	58.1%	57.8%	56.0%
Operating margin	26.3%	19.7%	13.8%	10.4%	7.5%	4.3%	-0.4%	-3.3%
Net margin	19.0%	14.7%	10.1%	7.4%	5.6%	0.7%	-1.5%	-5.8%
Current ratio	3.38×	1.69×	2.26×	1.89×	1.74×	2.27×	2.41×	2.75×
Debt / equity	0.06×	0.22×	0.17×	0.17×	0.2×	0.3×	0.31×	0.23×
Interest coverage	72.3×	17.6×	30.27×	19.58×	12.7×	4.41×	-0.36×	-3.84×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.6%	15.2%	10.9%	8.4%	6.3%	0.8%	-1.6%	-5.3%
Return on invested capital	15.4%	12.0%	8.7%	6.8%	4.8%	0.8%	-0.3%	-2.3%
Return on assets	13.1%	9.9%	7.2%	5.3%	3.8%	0.4%	-0.9%	-3.5%
Free cash flow yield	3.0%	2.7%	1.3%	0.3%	0.5%	0.3%	-0.2%	-2.5%
Earnings yield	2.4%	2.3%	2.2%	1.6%	0.6%	0.1%	-0.3%	-1.6%
Enterprise value	DKK 49.8B	DKK 35.8B	DKK 22.7B	DKK 21.7B	DKK 38.1B	DKK 27.9B	DKK 18.5B	DKK 11.4B
Net debt / EBITDA	-0.41×	0.43×	0.32×	0.67×	0.95×	1.7×	2.56×	2.9×
Cash conversion cycle (days)	355	342	332	317	325	323	331	303