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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
-38.9%
DKK 0.00
vs DKK 0.01 price
Levered DCF
DKK 0.00
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-2.67
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-8.2×-0.22×-0.16×-1.01×-0.42×-0.66×-0.46×-4.16×
P/B1.79×0.12×9.72×0.36×0.27×0.47×0.71×0.88×
P/S-7.1×217.49×148.87×33.08×71.31×134.61×291.34×826.97×
EV / EBITDA-7.59×0.28×-0.37×-0.85×0.71×-0.39×0.01×-2.35×
Gross margin40.8%-82700.2%-5288.4%-862.5%-7333.3%-8656.6%-14228.9%-13503.8%
Operating margin100.0%-95032.7%-46335.5%-2981.6%-17064.9%-22669.3%-69450.3%-25087.4%
Net margin85.6%-98939.1%-93205.2%-3287.2%-16708.4%-20380.6%-64003.0%-19734.7%
Current ratio1.2×2.35×1.31×6.37×3.88×2.64×3.05×2.38×
Debt / equity0.12×0×0×0×0×0×0×0×
Interest coverage-5.7×-93.47×-386,129.13×-106.53×-146.34×-126.16×-353.12×-77.93×
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-21.6%-56.6%-6086.9%-36.2%-64.3%-71.2%-155.9%-21.0%
Return on invested capital-19.2%-54.4%-3026.0%-32.1%-60.4%-62.0%-154.9%-19.9%
Return on assets-14.2%-44.2%-3881.9%-34.6%-52.1%-55.4%-123.0%-17.4%
Free cash flow yield0.0%-739.8%-125.2%-102.8%-182.4%-205.7%-106.0%-61.6%
Earnings yield-12.0%-454.9%-626.1%-99.4%-234.3%-151.4%-219.7%-23.9%
Enterprise valueDKK 98M-DKK 1.5MDKK 2.8MDKK 3M-DKK 6.1MDKK 2.6M-DKK 250.7KDKK 20M
Net debt / EBITDA-0.49×0.51×0.02×1.11×1.29×0.52×0.48×1.14×
Cash conversion cycle (days)-537241,9205382,3134,37411,22212,773-57