Real-time Estimate
Tradegate
11:30:44 26/06/2024 pm IST
|
5-day change
|
1st Jan Change
|
41.5
EUR
|
+0.39%
|
|
-2.27%
|
+4.39%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
51,461
|
57,664
|
80,200
|
42,434
|
64,150
|
67,140
|
-
|
-
|
Enterprise Value (EV)
1 |
57,682
|
64,799
|
89,350
|
55,145
|
76,430
|
80,708
|
80,390
|
79,929
|
P/E ratio
|
35
x
|
51.4
x
|
31.3
x
|
20.9
x
|
36.8
x
|
22.1
x
|
18.5
x
|
16
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
3.44
x
|
3.99
x
|
4.36
x
|
2.15
x
|
2.86
x
|
2.89
x
|
2.69
x
|
2.49
x
|
EV / Revenue
|
3.86
x
|
4.48
x
|
4.86
x
|
2.8
x
|
3.41
x
|
3.47
x
|
3.22
x
|
2.97
x
|
EV / EBITDA
|
18.5
x
|
25.1
x
|
19.7
x
|
12.6
x
|
13.9
x
|
13.1
x
|
12
x
|
11
x
|
EV / FCF
|
43.1
x
|
32
x
|
35.4
x
|
34.1
x
|
21.9
x
|
25.4
x
|
22.8
x
|
19.8
x
|
FCF Yield
|
2.32%
|
3.12%
|
2.83%
|
2.93%
|
4.56%
|
3.93%
|
4.38%
|
5.04%
|
Price to Book
|
6.68
x
|
6.99
x
|
9.67
x
|
5.02
x
|
7.07
x
|
6.59
x
|
5.47
x
|
4.46
x
|
Nbr of stocks (in thousands)
|
2,45,287
|
2,39,666
|
2,39,330
|
2,20,381
|
2,16,722
|
2,17,703
|
-
|
-
|
Reference price
2 |
209.8
|
240.6
|
335.1
|
192.6
|
296.0
|
308.4
|
308.4
|
308.4
|
Announcement Date
|
04/02/20
|
09/02/21
|
08/02/22
|
07/02/23
|
05/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
14,946
|
14,469
|
18,388
|
19,705
|
22,443
|
23,226
|
24,970
|
26,925
|
EBITDA
1 |
3,110
|
2,578
|
4,536
|
4,383
|
5,482
|
6,139
|
6,715
|
7,291
|
EBIT
1 |
2,151
|
1,313
|
3,386
|
3,207
|
4,148
|
4,772
|
5,241
|
5,708
|
Operating Margin
|
14.39%
|
9.07%
|
18.41%
|
16.28%
|
18.48%
|
20.55%
|
20.99%
|
21.2%
|
Earnings before Tax (EBT)
1 |
1,911
|
1,336
|
3,243
|
2,927
|
3,394
|
4,041
|
4,615
|
5,155
|
Net income
1 |
1,462
|
1,121
|
2,513
|
2,082
|
1,795
|
3,038
|
3,520
|
3,958
|
Net margin
|
9.78%
|
7.75%
|
13.67%
|
10.57%
|
8%
|
13.08%
|
14.1%
|
14.7%
|
EPS
2 |
6.000
|
4.680
|
10.70
|
9.210
|
8.040
|
13.96
|
16.64
|
19.30
|
Free Cash Flow
1 |
1,338
|
2,023
|
2,525
|
1,617
|
3,483
|
3,176
|
3,523
|
4,029
|
FCF margin
|
8.95%
|
13.98%
|
13.73%
|
8.21%
|
15.52%
|
13.67%
|
14.11%
|
14.96%
|
FCF Conversion (EBITDA)
|
43.02%
|
78.47%
|
55.67%
|
36.89%
|
63.54%
|
51.73%
|
52.46%
|
55.25%
|
FCF Conversion (Net income)
|
91.52%
|
180.46%
|
100.48%
|
77.67%
|
194.04%
|
104.54%
|
100.07%
|
101.8%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
04/02/20
|
09/02/21
|
08/02/22
|
07/02/23
|
05/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q4
|
2022 S2
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
---|
Net sales
1 |
7,596
|
6,078
|
8,391
|
9,012
|
9,376
|
4,894
|
9,497
|
5,345
|
10,208
|
5,647
|
11,155
|
5,403
|
5,885
|
11,288
|
5,575
|
5,867
|
11,347
|
5,687
|
6,192
|
11,959
|
EBITDA
|
1,528
|
629
|
1,949
|
2,162
|
2,374
|
893
|
2,128
|
-
|
2,255
|
-
|
2,662
|
-
|
-
|
2,820
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
1,038
|
-193
|
1,506
|
1,638
|
1,748
|
-
|
1,588
|
-
|
1,619
|
-
|
2,014
|
-
|
-
|
2,134
|
-
|
-
|
2,180
|
-
|
-
|
2,572
|
Operating Margin
|
13.67%
|
-3.18%
|
17.95%
|
18.18%
|
18.64%
|
-
|
16.72%
|
-
|
15.86%
|
-
|
18.05%
|
-
|
-
|
18.91%
|
-
|
-
|
19.21%
|
-
|
-
|
21.51%
|
Earnings before Tax (EBT)
|
917
|
26
|
1,310
|
1,536
|
1,707
|
-
|
1,493
|
-
|
1,434
|
-
|
1,655
|
-
|
-
|
1,739
|
-
|
-
|
1,900
|
-
|
-
|
2,161
|
Net income
|
699
|
119
|
1,013
|
1,174
|
1,339
|
-
|
1,049
|
-
|
1,033
|
-
|
581
|
-
|
-
|
1,214
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
9.2%
|
1.96%
|
12.07%
|
13.03%
|
14.28%
|
-
|
11.05%
|
-
|
10.12%
|
-
|
5.21%
|
-
|
-
|
10.75%
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
2.880
|
0.5000
|
4.180
|
4.940
|
5.760
|
-
|
4.600
|
-
|
4.610
|
-
|
-
|
-
|
-
|
5.440
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
04/02/20
|
17/08/20
|
09/02/21
|
12/08/21
|
08/02/22
|
16/08/22
|
16/08/22
|
07/02/23
|
07/02/23
|
15/08/23
|
15/08/23
|
07/11/23
|
05/02/24
|
05/02/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
6,221
|
7,135
|
9,150
|
12,711
|
12,280
|
13,568
|
13,251
|
12,789
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2
x
|
2.768
x
|
2.017
x
|
2.9
x
|
2.24
x
|
2.21
x
|
1.973
x
|
1.754
x
|
Free Cash Flow
1 |
1,338
|
2,023
|
2,525
|
1,617
|
3,483
|
3,176
|
3,523
|
4,029
|
ROE (net income / shareholders' equity)
|
19.5%
|
14.3%
|
30.7%
|
25.2%
|
28.5%
|
31.1%
|
31.1%
|
29.4%
|
ROA (Net income/ Total Assets)
|
7.36%
|
5.13%
|
10.7%
|
7.61%
|
8.45%
|
9.81%
|
10.8%
|
11.5%
|
Assets
1 |
19,867
|
21,852
|
23,394
|
27,359
|
21,243
|
30,958
|
32,495
|
34,365
|
Book Value Per Share
2 |
31.40
|
34.40
|
34.70
|
38.40
|
41.90
|
46.80
|
56.40
|
69.10
|
Cash Flow per Share
2 |
8.820
|
10.90
|
13.90
|
11.60
|
19.40
|
18.60
|
21.40
|
23.60
|
Capex
1 |
571
|
507
|
558
|
630
|
633
|
912
|
1,015
|
1,161
|
Capex / Sales
|
3.82%
|
3.5%
|
3.03%
|
3.2%
|
2.82%
|
3.93%
|
4.06%
|
4.31%
|
Announcement Date
|
04/02/20
|
09/02/21
|
08/02/22
|
07/02/23
|
05/02/24
|
-
|
-
|
-
|
Last Close Price
308.4
DKK Average target price
336.7
DKK Spread / Average Target +9.17% Consensus |
1st Jan change
|
Capi.
|
---|
| -17.11% | 19.5B | | +0.15% | 18.1B | | -19.33% | 1.9B | | +2.37% | 1.72B | | +2.12% | 1.24B | | +2.09% | 525M | | 0.00% | 372M | | +92.31% | 231M | | +16.54% | 99.2M |
Medical Prosthetics
|