Balance Sheet Jeudan A/S

Equities

JDAN

DK0061282464

Real Estate Development & Operations

Real-time Estimate Cboe Europe Other stock markets 05:08:53 11/12/2025 pm IST			5-day change	1st Jan Change
198.00 ^DKK	+0.25%		-1.01%	-2.96%

21/11	Jeudan A/S agreed to acquire Office properties at Dampfærgevej and mixed-use commercial propertyat Dronningens Tværgade from Pfa Dk Ejendomme Lav A/S for DKK 820 million.	CI
11/11	Jeudan A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI

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Published financial data: JEUDAN A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	153.41Cr	181.36Cr	200.06Cr	171.73Cr	170.88Cr
Total Revenues	153.41Cr	181.36Cr	200.06Cr	171.73Cr	170.88Cr
Property Expenses	56Cr	78Cr	84Cr	45Cr	46Cr
Selling General & Admin Expenses, Total	14Cr	16Cr	17Cr	17Cr	17Cr
Total Operating Expenses	70Cr	94Cr	101.11Cr	62Cr	63Cr
Operating Income (REIT / Utility Template)	83Cr	88Cr	99Cr	109.45Cr	108Cr
Interest Expense, Total	-11Cr	-12Cr	-18Cr	-44Cr	-52Cr
Interest and Investment Income	1.14Cr	95.81L	72.58L	1.4Cr	2.71Cr
Net Interest Expenses	-10Cr	-11Cr	-17Cr	-43Cr	-49Cr
Other Non Operating Income (Expenses)	-56Cr	49Cr	300.79Cr	-93Cr	-55Cr
EBT, Excl. Unusual Items	17Cr	125.45Cr	382.32Cr	-26Cr	3.83Cr
Gain (Loss) on Sale of Assets	-	40.11L	-56.99L	-2L	23T
Asset Writedown	41Cr	175.78Cr	49Cr	-80Cr	10Cr
EBT, Incl. Unusual Items	58Cr	301.63Cr	431.25Cr	-106.27Cr	14Cr
Income Tax Expense	13Cr	66Cr	95Cr	-23Cr	2.99Cr
Earnings From Continuing Operations	45Cr	235.18Cr	335.9Cr	-83Cr	11Cr
Net Income to Company	45Cr	235.18Cr	335.9Cr	-83Cr	11Cr
Net Income - (IS)	45Cr	235.18Cr	335.9Cr	-83Cr	11Cr
Net Income to Common Incl Extra Items	45Cr	235.18Cr	335.9Cr	-83Cr	11Cr
Net Income to Common Excl. Extra Items	45Cr	235.18Cr	335.9Cr	-83Cr	11Cr
Per Share Items
Net EPS - Basic	8.14	42.45	60.65	-14.95	2.03
Basic EPS - Continuing Operations	8.14	42.45	60.65	-14.95	2.03
Basic Weighted Average Shares Outstanding	5.54Cr	5.54Cr	5.54Cr	5.54Cr	5.54Cr
Net EPS - Diluted	8.14	42.45	60.65	-14.95	2.03
Diluted EPS - Continuing Operations	8.14	42.45	60.65	-14.95	2.03
Diluted Weighted Average Shares Outstanding	5.54Cr	5.54Cr	5.54Cr	5.54Cr	5.54Cr
Normalized Basic EPS	1.9	14.15	43.14	-2.98	0.43
Normalized Diluted EPS	1.9	14.15	43.14	-2.98	0.43
Dividend Per Share	2.4	2.4	3	3	3
Payout Ratio	-	5.66	3.96	-20.05	147.45
Supplemental Items
EBITDA	85Cr	90Cr	101Cr	112.11Cr	110.7Cr
EBITA	83Cr	88Cr	99Cr	109.45Cr	108Cr
EBIT	83Cr	88Cr	99Cr	109.45Cr	108Cr
Effective Tax Rate - (Ratio)	22.01	22.03	22.11	22.06	20.98
Current Domestic Taxes	-	-	55Cr	-3L	-
Total Current Taxes	61.59L	11Cr	55Cr	-3L	-
Deferred Domestic Taxes	-	-	41Cr	-23Cr	3.03Cr
Total Deferred Taxes	12Cr	56Cr	41Cr	-23Cr	3.03Cr
Normalized Net Income	11Cr	78Cr	238.95Cr	-17Cr	2.4Cr
Interest on Long-Term Debt	8.69Cr	9.56Cr	16Cr	41Cr	48Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.69Cr	1.72Cr	2.15Cr	2.02Cr	2.08Cr
General and Administrative Expenses	12Cr	14Cr	15Cr	15Cr	15Cr
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	80.13L	-7L	-27T	-4L
Total Stock-Based Compensation	-	80.13L	-7L	-27T	-4L

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	2.85TCr	3.12TCr	3.48TCr	3.47TCr	3.55TCr
Accumulated Depreciation	-12Cr	-13Cr	-15Cr	-9.89Cr	-13Cr
Net Property Plant And Equipment	2.83TCr	3.1TCr	3.47TCr	3.46TCr	3.54TCr
Total Real Estate Assets	2.83TCr	3.1TCr	3.47TCr	3.46TCr	3.54TCr
Cash And Equivalents	12.29L	16.27L	1.41Cr	2.83Cr	7.67Cr
Accounts Receivable, Total	16Cr	27Cr	20Cr	3.68Cr	4.26Cr
Other Receivables	3.19Cr	3.93Cr	215.5Cr	7.94Cr	5.05Cr
Investment In Debt and Equity Securities	6L	7L	7L	49Cr	48Cr
Other Current Assets, Total	12Cr	87.92L	90.26L	95.63L	99.85L
Other Long-Term Assets, Total	-	-	-	137.17Cr	98Cr
Total Assets	2.86TCr	3.14TCr	3.71TCr	3.66TCr	3.7TCr
Liabilities
Current Portion of Long-Term Debt	36Cr	30Cr	11Cr	9.73Cr	9.48Cr
Short-Term Borrowings	42Cr	51Cr	54Cr	59Cr	88Cr
Long-Term Debt	1.77TCr	1.75TCr	1.9TCr	2.02TCr	2.04TCr
Accounts Payable, Total	7.65Cr	10Cr	7.87Cr	11Cr	8.4Cr
Accrued Expenses, Total	3.87Cr	3.6Cr	3.51Cr	3.12Cr	3.65Cr
Current Income Taxes Payable	-	9.84Cr	55Cr	-	2L
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	34Cr	35Cr	35Cr	32Cr	30Cr
Deferred Tax Liability Non-Current	164.31Cr	221.52Cr	286.86Cr	263.7Cr	266.72Cr
Other Non Current Liabilities	20Cr	20Cr	23Cr	28Cr	26Cr
Total Liabilities	2.08TCr	2.13TCr	2.38TCr	2.43TCr	2.48TCr
Common Stock, Total	110.86Cr	110.86Cr	110.86Cr	110.86Cr	110.86Cr
Additional Paid In Capital	206.19Cr	206.19Cr	206.19Cr	206.19Cr	206.19Cr
Retained Earnings	469.28Cr	690.9Cr	1.01TCr	914.2Cr	908.89Cr
Total Common Equity	786.33Cr	1.01TCr	1.33TCr	1.23TCr	1.23TCr
Total Equity	786.33Cr	1.01TCr	1.33TCr	1.23TCr	1.23TCr
Total Liabilities And Equity	2.86TCr	3.14TCr	3.71TCr	3.66TCr	3.7TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.54Cr	5.54Cr	5.54Cr	5.54Cr	5.54Cr
ECS Total Common Shares Outstanding	5.54Cr	5.54Cr	5.54Cr	5.54Cr	5.54Cr
Book Value / Share	141.89	182.01	240.25	222.3	221.34
Tangible Book Value	786.33Cr	1.01TCr	1.33TCr	1.23TCr	1.23TCr
Tangible Book Value Per Share	141.89	182.01	240.25	222.3	221.34
Total Debt	1.85TCr	1.83TCr	1.96TCr	2.09TCr	2.14TCr
Net Debt	1.85TCr	1.83TCr	1.96TCr	2.09TCr	2.13TCr
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	13Cr	14Cr	17Cr	12Cr	14Cr
Full Time Employees	600	600	600	600	700

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	45Cr	235.18Cr	335.9Cr	-83Cr	11Cr
Depreciation, Depletion & Amortization	1.89Cr	2.01Cr	2.04Cr	2.66Cr	2.7Cr
Total Depreciation, Depletion & Amortization	1.89Cr	2.01Cr	2.04Cr	2.66Cr	2.7Cr
Total Asset Writedown	-7L	-2L	-47.82L	-81.61L	-17.99L
Stock-Based Compensation (CF)	-	80.13L	-7L	-27T	-4L
Change in Accounts Receivable	2.91Cr	-13Cr	6.69Cr	-1.94Cr	36.68L
Change in Accounts Payable	11Cr	1.86Cr	-4.65Cr	2.23Cr	-7.97Cr
Change in Other Net Operating Assets (Collected)	10.15L	4L	12.67L	11.99L	10.15L
Other Operating Activities	28Cr	-158.82Cr	-264.38Cr	93Cr	49Cr
Cash from Operations	89Cr	68Cr	75Cr	12Cr	55Cr
Acquisition of Real Estate Assets, Total	-156.45Cr	-117.2Cr	-110.01Cr	-57Cr	-78Cr
Sale of Real Estate Assets, Total	1.88Cr	12Cr	6.83Cr	18.91L	2.51Cr
Net Sale / Acquisition of Real Estate Assets	-154.57Cr	-104.96Cr	-103.17Cr	-57Cr	-76Cr
Cash Acquisitions	-	-	-109.36Cr	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-4.38Cr	11Cr	-	-	-
Cash from Investing	-158.95Cr	-94Cr	-212.54Cr	-57Cr	-76Cr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	174.78Cr	582.4Cr	177.66Cr	185.97Cr	296.97Cr
Total Debt Issued	174.78Cr	582.4Cr	177.66Cr	185.97Cr	296.97Cr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-82Cr	-552.61Cr	-31Cr	-125.83Cr	-256.18Cr
Total Debt Repaid	-82Cr	-552.61Cr	-31Cr	-125.83Cr	-256.18Cr
Issuance of Common Stock	-	-	1.07Cr	97.37L	95.59L
Repurchase of Common Stock	-36.63L	-1.07Cr	-80.17L	-1.04Cr	-88.87L
Common Dividends Paid	-	-13Cr	-13Cr	-17Cr	-17Cr
Common & Preferred Stock Dividends Paid	-	-13Cr	-13Cr	-17Cr	-17Cr
Other Financing Activities, Total	-1.01Cr	1.28Cr	1.5Cr	2.54Cr	78.67L
Cash from Financing	91Cr	17Cr	135.51Cr	46Cr	25Cr
Net Change in Cash	21Cr	-9.03Cr	-1.85Cr	1.36Cr	4.84Cr
Supplemental Items
Cash Interest Paid	11Cr	12Cr	18Cr	44Cr	52Cr
Cash Income Tax Paid (Refund)	-26.17L	42.65L	10Cr	56Cr	-1.82Cr
Net Debt Issued / Repaid	93Cr	30Cr	147.03Cr	60Cr	41Cr
Levered Free Cash Flow	55Cr	59Cr	-111.02Cr	-18Cr	35Cr
Unlevered Free Cash Flow	62Cr	67Cr	-100Cr	10Cr	67Cr
Change In Net Working Capital	-9.07Cr	-11Cr	160.76Cr	59Cr	1.8Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.88	1.83	1.81	1.86	1.83
Return on Total Capital	2.05	2	2.02	2.07	2.02
Return On Equity %	5.9	26.21	28.72	-6.47	0.92
Return on Common Equity	5.9	26.21	28.72	-6.47	0.92
Margin Analysis
Gross Profit Margin %	63.38	57.19	58.19	73.86	73.17
SG&A Margin	8.99	8.87	8.73	10.13	9.97
EBITDA Margin %	55.62	49.43	50.48	65.28	64.78
EBITA Margin %	54.39	48.32	49.46	63.73	63.2
EBIT Margin %	54.39	48.32	49.46	63.73	63.2
Income From Continuing Operations Margin %	29.39	129.68	167.9	-48.23	6.59
Net Income Margin %	29.39	129.68	167.9	-48.23	6.59
Net Avail. For Common Margin %	29.39	129.68	167.9	-48.23	6.59
Normalized Net Income Margin	6.87	43.23	119.44	-9.62	1.4
Levered Free Cash Flow Margin	35.89	32.78	-55.49	-10.24	20.2
Unlevered Free Cash Flow Margin	40.49	36.84	-49.82	5.92	39.24
Asset Turnover
Asset Turnover	0.06	0.06	0.06	0.05	0.05
Fixed Assets Turnover	0.06	0.06	0.06	0.05	0.05
Receivables Turnover (Average Receivables)	8.77	8.42	8.53	56.62	43.08
Short Term Liquidity
Current Ratio	0.25	0.23	1.43	0.13	0.13
Quick Ratio	0.15	0.23	1.42	0.13	0.12
Operating Cash Flow to Current Liabilities	0.72	0.49	0.45	0.11	0.4
Days Sales Outstanding (Average Receivables)	41.75	43.33	42.78	6.45	8.5
Average Days Payable Outstanding	38.51	41.75	39.23	76.01	76.71
Long Term Solvency
Total Debt/Equity	234.93	181.45	147.62	169.75	174.76
Total Debt / Total Capital	70.14	64.47	59.62	62.93	63.6
LT Debt/Equity	225.04	173.46	142.73	164.18	166.79
Long-Term Debt / Total Capital	67.19	61.63	57.64	60.86	60.7
Total Liabilities / Total Assets	72.54	67.87	64.09	66.35	66.9
EBIT / Interest Expense	7.39	7.43	5.45	2.46	2.07
EBITDA / Interest Expense	7.55	7.6	5.57	2.52	2.13
(EBITDA - Capex) / Interest Expense	7.46	7.43	5.42	2.48	2.1
Total Debt / EBITDA	21.65	20.4	19.45	18.64	19.35
Net Debt / EBITDA	21.65	20.4	19.44	18.62	19.28
Total Debt / (EBITDA - Capex)	21.9	20.88	19.99	19	19.58
Net Debt / (EBITDA - Capex)	21.9	20.88	19.98	18.97	19.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.02	18.22	10.31	9.36	-0.49
Gross Profit, 1 Yr. Growth %	0.66	6.68	12.23	10.57	-1.42
EBITDA, 1 Yr. Growth %	-0.79	5.07	12.66	11	-1.26
EBITA, 1 Yr. Growth %	-0.18	5.04	12.91	10.6	-1.32
EBIT, 1 Yr. Growth %	-0.18	5.04	12.91	10.6	-1.32
Earnings From Cont. Operations, 1 Yr. Growth %	-46.43	421.56	42.83	-124.66	-113.59
Net Income, 1 Yr. Growth %	-46.43	421.56	42.83	-124.66	-113.59
Diluted EPS Before Extra, 1 Yr. Growth %	-46.41	421.78	42.87	-124.66	-113.57
Normalized Net Income, 1 Yr. Growth %	-189.97	643.93	204.75	-106.91	-114.51
Net Property, Plant and Equip., 1 Yr. Growth %	7.31	9.58	11.73	-0.8	2.35
Accounts Receivable, 1 Yr. Growth %	-18.23	73.49	-28.3	53.86	15.77
Total Assets, 1 Yr. Growth %	7.25	9.53	18.15	-1.26	1.2
Common Equity, 1 Yr. Growth %	6.03	28.18	32.03	-7.48	-0.43
Tangible Book Value, 1 Yr. Growth %	6.03	28.18	32.03	-7.48	-0.43
Cash From Operations, 1 Yr. Growth %	30.58	-23.33	9.99	-81.76	348.39
Capital Expenditures, 1 Yr. Growth %	-56.75	106.78	34.39	-23.83	-37.54
Levered Free Cash Flow, 1 Yr. Growth %	66.87	7.96	-286.77	-115.13	-296.25
Unlevered Free Cash Flow, 1 Yr. Growth %	55.38	7.55	-249.19	-92.03	559.38
Dividend Per Share, 1 Yr. Growth %	-	0	25	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.57	7.62	14.2	-2.69	4.32
Gross Profit, 2 Yr. CAGR %	0.96	3.63	9.42	10.58	4.4
EBITDA, 2 Yr. CAGR %	-0.19	2.1	8.8	11.83	4.69
EBITA, 2 Yr. CAGR %	0.02	2.39	8.9	11.75	4.47
EBIT, 2 Yr. CAGR %	0.02	2.39	8.9	11.75	4.47
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.09	67.16	172.93	-40.65	-81.69
Net Income, 2 Yr. CAGR %	-13.09	67.16	172.93	-40.65	-81.69
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.08	67.23	173.03	-40.65	-81.7
Normalized Net Income, 2 Yr. CAGR %	-38.8	158.71	376.15	-54.11	-89.99
Net Property, Plant and Equip., 2 Yr. CAGR %	8.51	8.44	10.65	5.54	0.76
Accounts Receivable, 2 Yr. CAGR %	19.36	19.11	11.53	-63.31	33.47
Total Assets, 2 Yr. CAGR %	8.64	8.39	13.76	8.01	-0.04
Common Equity, 2 Yr. CAGR %	8.27	16.58	30.09	10.52	-4.02
Tangible Book Value, 2 Yr. CAGR %	8.27	16.58	30.09	10.52	-4.02
Cash From Operations, 2 Yr. CAGR %	22.94	0.06	-8.17	-57.46	-9.56
Capital Expenditures, 2 Yr. CAGR %	-15.54	-5.43	66.7	1.18	-31.03
Levered Free Cash Flow, 2 Yr. CAGR %	22.65	34.22	42	-45.6	-45.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	13.81	29.27	26.67	-60.99	-27.5
Dividend Per Share, 2 Yr. CAGR %	0	-	11.8	11.8	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.78	4.63	8.51	3.83	-1.96
Gross Profit, 3 Yr. CAGR %	3.6	2.83	6.42	9.27	6.43
EBITDA, 3 Yr. CAGR %	2.67	1.53	5.5	9.53	7.28
EBITA, 3 Yr. CAGR %	2.81	1.67	5.79	9.47	7.21
EBIT, 3 Yr. CAGR %	2.81	1.67	5.79	9.47	7.21
Earnings From Cont. Operations, 3 Yr. CAGR %	-15.27	57.94	58.62	22.47	-63.69
Net Income, 3 Yr. CAGR %	-15.27	57.94	58.62	22.47	-63.69
Diluted EPS Before Extra, 3 Yr. CAGR %	-15.5	57.97	58.68	22.5	-63.7
Normalized Net Income, 3 Yr. CAGR %	-35.23	40.71	173.23	16.15	-68.73
Net Property, Plant and Equip., 3 Yr. CAGR %	6.51	8.86	9.53	6.87	4.47
Accounts Receivable, 3 Yr. CAGR %	18.52	35.21	0.57	-38.42	-46.19
Total Assets, 3 Yr. CAGR %	6.67	8.94	11.55	8.52	5.69
Common Equity, 3 Yr. CAGR %	7.99	14.54	21.52	16.12	6.74
Tangible Book Value, 3 Yr. CAGR %	7.99	14.54	21.52	16.12	6.74
Cash From Operations, 3 Yr. CAGR %	14.82	5.04	3.26	-48.23	-6.73
Capital Expenditures, 3 Yr. CAGR %	-19.78	13.83	6.32	28.4	-13.85
Levered Free Cash Flow, 3 Yr. CAGR %	11.63	17.54	49.85	-31.64	-16.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.93	11.69	35.6	-45.3	0.12
Dividend Per Share, 3 Yr. CAGR %	0	0	-	7.72	7.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.89	7.95	8.45	1.64	1.76
Gross Profit, 5 Yr. CAGR %	3.76	4.62	5.89	5.87	5.3
EBITDA, 5 Yr. CAGR %	3.26	3.91	5.08	5.53	5.18
EBITA, 5 Yr. CAGR %	3.29	3.9	5.21	5.59	5.26
EBIT, 5 Yr. CAGR %	3.29	3.9	5.21	5.59	5.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-11.24	51.05	35.29	6.77	-33.12
Net Income, 5 Yr. CAGR %	-11.24	51.05	35.29	6.77	-33.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.28	50.78	35.08	6.79	-33.13
Normalized Net Income, 5 Yr. CAGR %	-23.49	84.06	43.85	-10.11	-27.19
Net Property, Plant and Equip., 5 Yr. CAGR %	7.06	8.71	8.15	7.52	6.04
Accounts Receivable, 5 Yr. CAGR %	21.48	25.34	15.67	-19.75	-26.05
Total Assets, 5 Yr. CAGR %	7.12	8.19	9.45	8.57	6.76
Common Equity, 5 Yr. CAGR %	8.65	13.42	16.34	12.92	10.58
Tangible Book Value, 5 Yr. CAGR %	8.65	13.42	16.34	12.92	10.58
Cash From Operations, 5 Yr. CAGR %	10.79	1.47	5	-26.84	-4.08
Capital Expenditures, 5 Yr. CAGR %	-16.24	10.92	7.49	8.59	-10.58
Levered Free Cash Flow, 5 Yr. CAGR %	10.15	8.46	22.91	-13.63	0.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.39	6.55	14.43	-26.67	10.9
Dividend Per Share, 5 Yr. CAGR %	-	-	4.56	4.56	-