PER AARSLEFF HOLDING A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 321.5 DKK | +0.78% |
|
+0.47% | -0.31% |
| Feb. 27 | Per Aarsleff Holding A/S Provides Earnings Guidance for 2023-24 | CI |
| Feb. 27 | Per Aarsleff Holding A/S Reports Earnings Results for the First Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,479 | 5,358 | 5,219 | 3,614 | 6,138 | 5,872 | - | - |
| Enterprise Value (EV) 1 | 4,011 | 4,052 | 4,417 | 4,740 | 7,580 | 6,348 | 6,355 | 6,238 |
| P/E ratio | 12.5 x | 14.4 x | 11.2 x | 8.18 x | 8.06 x | 8.8 x | 7.87 x | 7.56 x |
| Yield | 2.48% | 2.43% | 3.05% | 4.29% | 3.09% | 3.69% | 3.65% | 4.07% |
| Capitalization / Revenue | 0.33 x | 0.4 x | 0.36 x | 0.2 x | 0.3 x | 0.3 x | 0.28 x | 0.27 x |
| EV / Revenue | 0.3 x | 0.3 x | 0.3 x | 0.26 x | 0.37 x | 0.33 x | 0.3 x | 0.29 x |
| EV / EBITDA | 3.97 x | 3.09 x | 3.59 x | 3.37 x | 4.07 x | 3.67 x | 3.43 x | 3.33 x |
| EV / FCF | 8.61 x | 3.42 x | -25.7 x | - | 28.8 x | 3.95 x | 14.5 x | 7.73 x |
| FCF Yield | 11.6% | 29.3% | -3.89% | - | 3.47% | 25.3% | 6.88% | 12.9% |
| Price to Book | 1.45 x | 1.63 x | 1.45 x | 0.96 x | 1.42 x | 1.3 x | 1.15 x | 1.05 x |
| Nbr of stocks (in thousands) | 20,174 | 20,029 | 19,881 | 19,369 | 18,944 | 18,265 | - | - |
| Reference price 2 | 222.0 | 267.5 | 262.5 | 186.6 | 324.0 | 321.5 | 321.5 | 321.5 |
| Announcement Date | 12/18/19 | 12/21/20 | 12/21/21 | 12/16/22 | 12/19/23 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,453 | 13,295 | 14,694 | 18,118 | 20,244 | 19,489 | 21,038 | 21,387 |
| EBITDA 1 | 1,011 | 1,310 | 1,232 | 1,407 | 1,862 | 1,728 | 1,853 | 1,872 |
| EBIT 1 | 503 | 625.1 | 648.3 | 727 | 1,078 | 937.1 | 1,032 | 1,049 |
| Operating Margin | 3.74% | 4.7% | 4.41% | 4.01% | 5.33% | 4.81% | 4.9% | 4.9% |
| Earnings before Tax (EBT) 1 | 472.7 | 529.9 | 615.9 | 683 | 1,042 | 906.5 | 1,002 | 1,027 |
| Net income 1 | 360.1 | 378.3 | 472.1 | 447 | 786 | 689.9 | 766.1 | 791 |
| Net margin | 2.68% | 2.85% | 3.21% | 2.47% | 3.88% | 3.54% | 3.64% | 3.7% |
| EPS 2 | 17.69 | 18.63 | 23.36 | 22.82 | 40.18 | 36.55 | 40.88 | 42.50 |
| Free Cash Flow 1 | 466 | 1,186 | -171.9 | - | 263 | 1,609 | 437 | 807 |
| FCF margin | 3.46% | 8.92% | -1.17% | - | 1.3% | 8.26% | 2.08% | 3.77% |
| FCF Conversion (EBITDA) | 46.08% | 90.56% | - | - | 14.12% | 93.13% | 23.59% | 43.11% |
| FCF Conversion (Net income) | 129.42% | 313.47% | - | - | 33.46% | 233.22% | 57.05% | 102.02% |
| Dividend per Share 2 | 5.500 | 6.500 | 8.000 | 8.000 | 10.00 | 11.85 | 11.72 | 13.10 |
| Announcement Date | 12/18/19 | 12/21/20 | 12/21/21 | 12/16/22 | 12/19/23 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2021 Q4 | 2022 Q1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,024 | 4,146 | - | 4,962 | 5,304 | 4,722 | 5,250 | 4,974 |
| EBITDA 1 | 320.3 | 318.6 | - | 547 | 392 | 405 | 462 | 478 |
| EBIT 1 | 157.6 | 165.2 | - | 346 | 206 | 210 | 268 | 284 |
| Operating Margin | 3.92% | 3.99% | - | 6.97% | 3.88% | 4.45% | 5.1% | 5.71% |
| Earnings before Tax (EBT) | 146 | 161.3 | - | - | - | - | - | - |
| Net income 1 | 115.9 | 125.2 | 232 | 257 | 160 | 153 | 198 | 210 |
| Net margin | 2.88% | 3.02% | - | 5.18% | 3.02% | 3.24% | 3.77% | 4.22% |
| EPS | 5.630 | 6.300 | 11.94 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 12/21/21 | 2/25/22 | 8/30/23 | 12/19/23 | 2/27/24 | - | - | - |
1DKK in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,126 | 1,442 | 476 | 483 | 366 |
| Net Cash position 1 | 467 | 1,306 | 802 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.8003 x | 0.7744 x | 0.2757 x | 0.2604 x | 0.1955 x |
| Free Cash Flow 1 | 466 | 1,186 | -172 | - | 263 | 1,609 | 437 | 807 |
| ROE (net income / shareholders' equity) | 12.1% | 11.8% | 13.6% | 12.1% | 19.3% | 15.5% | 15.4% | 14.5% |
| ROA (Net income/ Total Assets) | 4.49% | 4.51% | 5.4% | 4.33% | 6.3% | 6.04% | - | - |
| Assets 1 | 8,012 | 8,383 | 8,746 | 10,330 | 12,467 | 11,430 | - | - |
| Book Value Per Share 2 | 153.0 | 164.0 | 181.0 | 195.0 | 228.0 | 248.0 | 280.0 | 307.0 |
| Cash Flow per Share 2 | 46.20 | 78.50 | 23.30 | - | 56.30 | 127.0 | 63.80 | 84.30 |
| Capex 1 | 474 | 408 | 643 | 840 | 839 | 709 | 778 | 760 |
| Capex / Sales | 3.52% | 3.07% | 4.38% | 4.64% | 4.14% | 3.64% | 3.7% | 3.55% |
| Announcement Date | 12/18/19 | 12/21/20 | 12/21/21 | 12/16/22 | 12/19/23 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
321.5
DKK
Average target price
435
DKK
Spread / Average Target
+35.30%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.31% | 841M | |
| -2.29% | 67.67B | |
| +2.13% | 59.37B | |
| +21.25% | 38.3B | |
| +11.23% | 30.73B | |
| +2.06% | 26.35B | |
| +22.89% | 22.01B | |
| +15.06% | 19.47B | |
| +22.99% | 17.6B | |
| +64.33% | 16.64B |
- Stock Market
- Equities
- PAAL B Stock
- Financials Per Aarsleff Holding A/S
