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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
-74.0%
DKK 0.02
vs DKK 0.07 price
Levered DCF
-DKK 0.01
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
2.18
Grey zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-4.51×-8.3×-18.86×4.39×4.23×-0.4×-5.8×-1.28×
P/B4.5×4.15×18.34×0.33×0.54×0.38×1.24×0.13×
P/S0×0×0×0×0×0×0×0×
EV / EBITDA-4.89×-10.1×-19.78×8.48×6.89×-0.71×-5.92×-1.48×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio4.33×7.57×1.96×2.84×0.01×0×15.1×24.22×
Debt / equity0.32×0.23×1.19×0.5×0.44×0.29×0.02×0.02×
Interest coverage-9.52×-4.29×-16.19×3.04×-2.17×-64.75×-55.7×-13.38×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-99.6%-50.0%-97.1%7.6%12.7%-95.9%-21.5%-9.9%
Return on invested capital-72.5%-33.1%-33.5%4.4%-2.3%-39.7%-1.1%-2.1%
Return on assets-65.3%-37.2%-36.3%4.9%8.5%-57.1%-17.8%-9.5%
Free cash flow yield0.0%-11.3%-3.6%-18.8%-9.2%-75.9%-2.8%-16.2%
Earnings yield-22.1%-12.0%-5.3%22.8%23.7%-252.0%-17.3%-79.0%
Enterprise valueDKK 122.2MDKK 212.5MDKK 490.5MDKK 37.9MDKK 41.7MDKK 23.1MDKK 85.2MDKK 11.3M
Net debt / EBITDA-0.3×-0.45×-1.05×5.06×3.13×-0.31×-0.12×-0.2×
Cash conversion cycle (days)-4,522-6,345-7,75700000