Financials NTG Nordic Transport Group A/S

Equities

NTG

DK0061141215

Ground Freight & Logistics

Real-time Estimate Cboe Europe 08:43:02 2024-05-16 am EDT 5-day change 1st Jan Change
292.8 DKK +1.83% Intraday chart for NTG Nordic Transport Group A/S -1.19% -1.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,014 5,685 11,819 5,219 6,251 6,113 - -
Enterprise Value (EV) 1 2,014 6,105 12,600 6,206 7,218 6,977 6,679 7,195
P/E ratio -140 x 45.7 x 34.8 x 11.1 x 17.1 x 17.4 x 15.7 x 14.2 x
Yield - - - - - - - -
Capitalization / Revenue 0.38 x 1.07 x 1.62 x 0.51 x 0.75 x 0.72 x 0.7 x 0.66 x
EV / Revenue 0.38 x 1.15 x 1.73 x 0.61 x 0.87 x 0.82 x 0.77 x 0.78 x
EV / EBITDA - 14.2 x 18 x 6.33 x 8.46 x 8.86 x 8.01 x 8.12 x
EV / FCF - 20 x 45.5 x 15.3 x 12.7 x 14.8 x 10.9 x 11 x
FCF Yield - 4.99% 2.2% 6.53% 7.87% 6.74% 9.13% 9.07%
Price to Book - 17.3 x 21.2 x 5.46 x 6.2 x 5.16 x 3.94 x 3.15 x
Nbr of stocks (in thousands) 22,427 22,207 22,134 21,881 21,262 21,262 - -
Reference price 2 89.80 256.0 534.0 238.5 294.0 287.5 287.5 287.5
Announcement Date 3/20/20 3/11/21 3/9/22 3/8/23 3/1/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,332 5,332 7,302 10,224 8,338 8,470 8,717 9,275
EBITDA 1 - 429.3 699.1 980 853 787.6 833.8 886.3
EBIT 1 - 260.7 542 758 630 553.1 598.6 650.7
Operating Margin - 4.89% 7.42% 7.41% 7.56% 6.53% 6.87% 7.02%
Earnings before Tax (EBT) 1 - 210 477.4 681 514 491.8 532.4 579.1
Net income 1 - 125.9 349 482 374 367.7 400.7 430.9
Net margin - 2.36% 4.78% 4.71% 4.49% 4.34% 4.6% 4.65%
EPS 2 -0.6400 5.600 15.35 21.43 17.21 16.52 18.34 20.19
Free Cash Flow 1 - 304.8 276.8 405 568 470 610 652.8
FCF margin - 5.72% 3.79% 3.96% 6.81% 5.55% 7% 7.04%
FCF Conversion (EBITDA) - 71% 39.59% 41.33% 66.59% 59.68% 73.16% 73.65%
FCF Conversion (Net income) - 242.1% 79.31% 84.02% 151.87% 127.81% 152.24% 151.47%
Dividend per Share 2 - - - - - - - -
Announcement Date 3/20/20 3/11/21 3/9/22 3/8/23 3/1/24 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,172 2,178 2,729 2,821 2,496 2,254 2,120 1,963 2,001 2,158 2,132 2,104 2,046 2,204 2,172
EBITDA 1 215.1 211.1 271.9 266.1 230.9 207 202 216 228 176 207.5 209.5 194 190 216
EBIT 1 160.5 159.5 216.8 209.3 173 150 148 161 171 114 150 153.5 137 127 157
Operating Margin 7.39% 7.32% 7.94% 7.42% 6.93% 6.65% 6.98% 8.2% 8.55% 5.28% 7.03% 7.3% 6.7% 5.76% 7.23%
Earnings before Tax (EBT) 1 137 131.3 216.4 209.2 124.1 131 110 147 126 105 135 138.5 114 110 141
Net income 1 96.4 86.3 156.4 145.9 93.4 94 81 105 94 69 101 103.5 89 86 110
Net margin 4.44% 3.96% 5.73% 5.17% 3.74% 4.17% 3.82% 5.35% 4.7% 3.2% 4.74% 4.92% 4.35% 3.9% 5.06%
EPS 2 4.290 - - 6.470 - 4.270 3.700 4.810 4.380 3.210 4.470 4.400 4.640 3.880 5.000
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/9/22 5/10/22 8/12/22 11/7/22 3/8/23 5/8/23 8/3/23 10/31/23 3/1/24 5/7/24 - - - - -
1DKK in Million2DKK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 420 780 987 967 865 566 1,082
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 0.9793 x 1.116 x 1.007 x 1.134 x 1.098 x 0.679 x 1.221 x
Free Cash Flow 1 - 305 277 405 568 470 610 653
ROE (net income / shareholders' equity) - 44% 75% 63% 37.7% 31.5% 29.2% 28.1%
ROA (Net income/ Total Assets) - 5.78% - 13.1% 9.41% 9.25% 9.23% 9.12%
Assets 1 - 2,179 - 3,673 3,976 3,977 4,339 4,727
Book Value Per Share 2 - 14.80 25.20 43.70 47.40 55.70 73.00 91.20
Cash Flow per Share 2 - 20.60 20.30 40.30 27.30 25.20 30.40 32.10
Capex 1 - 4.8 167 502 25 24.4 29.3 31.6
Capex / Sales - 0.09% 2.28% 4.91% 0.3% 0.29% 0.34% 0.34%
Announcement Date 3/20/20 3/11/21 3/9/22 3/8/23 3/1/24 - - -
1DKK in Million2DKK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
287.5 DKK
Average target price
362 DKK
Spread / Average Target
+25.91%
Consensus
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