Dantax A/S (DANT.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

+129.1%

DKK 664.27

vs DKK 290.00 price

Levered DCF

DKK 81.09

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

6.09

Safe zone

Rating

A-

Overall 4 / 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	11.86×	80.6×	8.47×	9.65×	-117.62×	4.19×	982.61×	11.24×
P/B	2.31×	2.26×	1.39×	1.13×	1.95×	1.06×	0.98×	0.94×
P/S	4.56×	6.58×	4.12×	3.7×	6.05×	3.54×	2.87×	2.04×
EV / EBITDA	-151.08×	50.18×	6.26×	7.01×	-120.02×	3.25×	176.54×	8.61×
Gross margin	-5.0%	2.4%	31.0%	41.1%	29.7%	25.5%	18.2%	19.2%
Operating margin	-5.0%	2.4%	5.6%	10.0%	1.2%	4.7%	-3.0%	2.0%
Net margin	38.4%	8.2%	48.7%	38.3%	-5.1%	84.3%	0.3%	18.1%
Current ratio	4.59×	7.75×	7.55×	14.4×	17.88×	21.37×	18.03×	14.99×
Debt / equity	0.03×	0.03×	0.03×	0×	0×	0.01×	0×	0×
Interest coverage	-10.41×	1.85×	13.65×	29.13×	6.02×	55.55×	-17.92×	16.83×
Dividend yield	45.0%	5.9%	5.7%	3.7%	16.4%	3.3%	6.3%	5.9%
Payout ratio	534.2%	475.5%	48.3%	35.7%	-1923.1%	13.6%	6268.7%	66.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.4%	2.8%	16.4%	11.8%	-1.7%	25.2%	0.1%	8.4%
Return on invested capital	-1.9%	0.6%	1.4%	2.3%	0.3%	1.1%	-0.5%	0.8%
Return on assets	15.2%	2.4%	14.1%	10.9%	-1.5%	23.9%	0.1%	7.7%
Free cash flow yield	-3.5%	-0.7%	4.7%	0.3%	2.1%	-1.1%	3.9%	-1.3%
Earnings yield	8.4%	1.2%	11.8%	10.4%	-0.9%	23.8%	0.1%	8.9%
Enterprise value	DKK 90.5M	DKK 157.4M	DKK 107.3M	DKK 78.2M	DKK 126.5M	DKK 92.4M	DKK 64.3M	DKK 59.6M
Net debt / EBITDA	-0.83×	-1.71×	-0.19×	-0.25×	1.79×	0.01×	-7.13×	-1.23×
Cash conversion cycle (days)	296	197	215	354	258	206	261	214