Parken Sport & Entertainment A/S (PARKEN.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

-21.2%

DKK 198.48

vs DKK 252.00 price

Levered DCF

-DKK 453.93

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.92

Grey zone

Rating

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	7.06×	5.42×	3.92×	3.7×	14.77×	-3.02×	18.62×	10.75×
P/B	0.98×	0.93×	1.07×	0.72×	1.07×	1.11×	1.16×	0.98×
P/S	0.76×	0.87×	0.77×	0.54×	0.64×	1.28×	1.17×	1.02×
EV / EBITDA	6.6×	4.31×	3.61×	4.62×	7.65×	-19.09×	7.41×	9.01×
Gross margin	13.3%	77.0%	66.7%	78.8%	49.5%	60.9%	75.0%	59.3%
Operating margin	7.1%	1.3%	28.2%	33.8%	20.8%	-23.1%	26.8%	17.8%
Net margin	10.7%	16.1%	19.7%	14.6%	4.4%	-42.3%	6.3%	9.5%
Current ratio	1.02×	1.08×	1.08×	0.68×	0.46×	1.13×	0.86×	0.66×
Debt / equity	0.89×	0.96×	1.06×	1.42×	1.99×	2.36×	1.23×	1.25×
Interest coverage	2.77×	0.35×	8.99×	9.12×	4.43×	-3.03×	5.68×	3.21×
Dividend yield	6.8%	7.8%	7.5%	0.0%	0.0%	0.0%	2.5%	3.1%
Payout ratio	48.2%	42.5%	29.2%	0.0%	0.0%	0.0%	46.5%	32.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.9%	17.1%	27.3%	19.5%	7.3%	-36.5%	6.2%	9.1%
Return on invested capital	3.0%	0.5%	12.7%	11.6%	6.4%	-4.0%	6.6%	4.7%
Return on assets	5.5%	6.6%	9.7%	6.0%	1.9%	-8.0%	2.0%	2.9%
Free cash flow yield	9.3%	-25.9%	9.7%	-28.2%	11.1%	-72.0%	-10.6%	-11.4%
Earnings yield	14.2%	18.5%	25.5%	27.0%	6.8%	-33.1%	5.4%	9.3%
Enterprise value	DKK 2.5B	DKK 2.4B	DKK 2.5B	DKK 2.1B	DKK 2.1B	DKK 2.1B	DKK 2B	DKK 1.8B
Net debt / EBITDA	2.89×	2.09×	1.7×	3.04×	4.94×	-12.75×	3.74×	5×
Cash conversion cycle (days)	73	169	92	85	64	374	147	101