| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M DKK |
Estimates in M DKK |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 42 562 | 43 710 | 44 912 | 46 310 | 48 302 | 50 451 | | Operating income (EBITDA) | 2 721 | 2 975 | 3 074 | 3 152 | 3 354 | 3 527 | | Operating profit (EBIT) | 2 202 | 2 426 | 2 265 | 2 617 | 2 807 | 2 964 | | Pre-Tax Profit (EBT) | 1 660 | 1 995 | 2 019 | 2 312 | 2 542 | 2 770 | | Net income | 1 184 | 1 440 | 1 427 | 1 705 | 1 868 | 2 044 | | EPS ( DKK) | 5,70 | 7,29 | 7,76 | 9,69 | 11,0 | 12,3 | | Dividend per Share ( DKK) | 0,50 | 1,00 | 1,25 | 1,50 | 1,81 | 2,16 | | Yield | 0,36% | 0,72% | 0,90% | 1,08% | 1,30% | 1,56% | | Announcement Date | 02/24/2011 10:17am | 02/21/2012 06:50am | 02/20/2013 06:57am | - | - | - |
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Actuals in M DKK |
Estimates in M DKK |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 5 872 | 6 585 | 6 561 | 5 890 | 5 134 | 4 179 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 2 721 | 2 975 | 3 074 | 3 152 | 3 354 | 3 527 | Leverage (Debt/EBITDA) | 2,16x | 2,21x | 2,13x | 1,87x | 1,53x | 1,18x | | Capital Expenditure | 334 | 330 | 446 | 415 | 461 | 506 | | Book Value Per Share (BVPS) | 31,7 DKK | 28,4 DKK | 30,0 DKK | 34,0 DKK | 37,8 DKK | 43,4 DKK | | Cash Flow per Share | 7,94 DKK | 9,43 DKK | 8,97 DKK | 11,9 DKK | 13,8 DKK | 15,1 DKK | | Announcement Date | 02/24/2011 10:17am | 02/21/2012 06:50am | 02/20/2013 06:57am | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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14,3x |
12,6x |
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Capitalization / Revenue
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0,54x |
0,51x |
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EV / Revenue
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0,66x |
0,62x |
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EV / EBITDA
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9,74x |
8,93x |
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Yield (DPS / Price)
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1,08% |
1,30% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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5,65% |
5,81% |
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operating laverage (Delta EBIT / Delta Sales)
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4,99x |
1,69x |
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Net Margin (Net Profit / Revenue)
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3,68% |
3,87% |
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ROA (Net Profit / Asset)
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6,88% |
10,6% |
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ROE (Net Profit / Equities)
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29,8% |
29,9% |
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Rate of Dividend
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15,5% |
16,4% |
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