Company Valuation: Pandora A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 78,157 43,696 76,748 1,03,820 52,799 40,874 - -
Change - -44.09% 75.64% 35.27% -49.14% -22.59% - -
Enterprise Value (EV) 1 81,039 50,490 86,518 1,14,828 66,518 54,418 53,960 53,034
Change - -37.7% 71.36% 32.72% -42.07% -18.19% -0.84% -1.72%
P/E ratio 19.6x 9.09x 16.9x 20.4x 10.4x 9.7x 15.5x 11.1x
PBR 11.2x 6.09x 14.3x 18.8x 10.3x 5.47x 4.8x 3.86x
PEG - 0.3x 6.48x 1.2x 2.04x -0.8x -0.4x 0.3x
Capitalization / Revenue 3.34x 1.65x 2.73x 3.28x 1.62x 1.25x 1.2x 1.14x
EV / Revenue 3.46x 1.91x 3.08x 3.62x 2.04x 1.66x 1.58x 1.48x
EV / EBITDA 10.3x 5.79x 9.49x 11.1x 6.45x 5.55x 6.94x 5.77x
EV / EBIT 13.9x 7.49x 12.4x 14.4x 8.55x 7.69x 11.1x 8.51x
EV / FCF 14.4x 15.6x 14.7x 16.3x 12.2x 17.9x 15.5x 10.3x
FCF Yield 6.96% 6.42% 6.81% 6.13% 8.19% 5.58% 6.44% 9.69%
Dividend per Share 2 16 16 16 20 22 20.17 16.47 20
Rate of return 1.96% 3.28% 1.71% 1.52% 3.11% 3.48% 2.84% 3.45%
EPS 2 41.7 53.7 55.1 64.6 67.9 59.7 37.42 52.05
Distribution rate 38.4% 29.8% 29% 31% 32.4% 33.8% 44% 38.4%
Net sales 1 23,394 26,463 28,100 31,680 32,549 32,782 34,152 35,935
EBITDA 1 7,838 8,716 9,118 10,327 10,316 9,813 7,779 9,196
EBIT 1 5,839 6,743 7,000 7,974 7,783 7,078 4,870 6,232
Net income 1 4,160 5,029 4,740 5,227 5,241 4,544 2,923 3,952
Net Debt 1 2,882 6,794 9,770 11,008 13,719 13,543 13,086 12,160
Reference price 2 815.40 488.10 933.20 1,317.00 707.60 579.20 579.20 579.20
Nbr of stocks (in thousands) 95,851 89,522 82,242 78,830 74,617 70,570 - -
Announcement Date 09/02/22 08/02/23 07/01/24 04/02/25 04/02/26 - - -
1DKK in Million2DKK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.7x1.66x5.55x3.48% 631.41Cr
25.85x3.98x14.12x2.21% 12TCr
77.24x5.38x50.71x0.34% 3.97TCr
13.07x1.33x7.25x6.19% 1.46TCr
8.93x1.82x6.7x7.82% 1.13TCr
11.99x0.2x3.21x4.98% 228.59Cr
10.7x1.27x6.6x8.11% 196.61Cr
21.56x - - - 192.45Cr
9.83x - - 6.05% 178.31Cr
50.27x - - 1.84% 141.1Cr
Average 23.91x 2.23x 13.45x 4.56% 2.03TCr
Weighted average by Cap. 33.22x 3.80x 20.05x 2.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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