Real-time Estimate
Cboe Europe
06:44:00 30/04/2024 pm IST
|
5-day change
|
1st Jan Change
|
138
DKK
|
-0.83%
|
|
-0.07%
|
-6.19%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
59,661
|
57,966
|
1,05,551
|
1,04,851
|
90,742
|
85,669
|
-
|
-
|
Enterprise Value (EV)
1 |
64,980
|
57,966
|
1,05,551
|
1,11,935
|
97,314
|
89,885
|
89,885
|
89,885
|
P/E ratio
|
21
x
|
20.9
x
|
29.3
x
|
47.7
x
|
24.2
x
|
17.4
x
|
15.8
x
|
14.7
x
|
Yield
|
4.28%
|
3.64%
|
2.65%
|
3.8%
|
5.04%
|
5.85%
|
6.13%
|
6.42%
|
Capitalization / Revenue
|
2.74
x
|
2.56
x
|
4.37
x
|
3.09
x
|
2.44
x
|
2.2
x
|
2.12
x
|
2.05
x
|
EV / Revenue
|
2.99
x
|
2.56
x
|
4.37
x
|
3.3
x
|
2.62
x
|
2.3
x
|
2.22
x
|
2.15
x
|
EV / EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EV / FCF
|
18.2
x
|
14.9
x
|
28.9
x
|
580
x
|
16.2
x
|
15.5
x
|
14.9
x
|
14.3
x
|
FCF Yield
|
5.48%
|
6.72%
|
3.46%
|
0.17%
|
6.16%
|
6.43%
|
6.72%
|
7%
|
Price to Book
|
4.93
x
|
4.73
x
|
2.15
x
|
2.47
x
|
2.25
x
|
2.19
x
|
2.2
x
|
2.18
x
|
Nbr of stocks (in thousands)
|
3,02,082
|
3,01,750
|
6,53,564
|
6,34,118
|
6,17,710
|
6,15,436
|
-
|
-
|
Reference price
2 |
197.5
|
192.1
|
161.5
|
165.4
|
146.9
|
139.2
|
139.2
|
139.2
|
Announcement Date
|
22/01/20
|
26/01/21
|
25/01/22
|
26/01/23
|
25/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
21,741
|
22,653
|
24,137
|
33,938
|
37,135
|
39,008
|
40,473
|
41,758
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
3,237
|
3,495
|
3,709
|
6,177
|
6,399
|
7,381
|
7,909
|
8,367
|
Operating Margin
|
14.89%
|
15.43%
|
15.37%
|
18.2%
|
17.23%
|
18.92%
|
19.54%
|
20.04%
|
Earnings before Tax (EBT)
1 |
3,628
|
3,541
|
4,093
|
3,051
|
5,029
|
6,480
|
7,041
|
7,483
|
Net income
1 |
2,843
|
2,773
|
3,158
|
2,247
|
3,851
|
4,936
|
5,383
|
5,724
|
Net margin
|
13.08%
|
12.24%
|
13.08%
|
6.62%
|
10.37%
|
12.65%
|
13.3%
|
13.71%
|
EPS
2 |
9.420
|
9.190
|
5.510
|
3.470
|
6.080
|
8.022
|
8.815
|
9.439
|
Free Cash Flow
1 |
3,562
|
3,895
|
3,648
|
193
|
5,998
|
5,783
|
6,039
|
6,296
|
FCF margin
|
16.38%
|
17.19%
|
15.11%
|
0.57%
|
16.15%
|
14.83%
|
14.92%
|
15.08%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
125.29%
|
140.46%
|
115.52%
|
8.59%
|
155.75%
|
117.15%
|
112.19%
|
109.99%
|
Dividend per Share
2 |
8.450
|
7.000
|
4.280
|
6.290
|
7.400
|
8.139
|
8.531
|
8.931
|
Announcement Date
|
22/01/20
|
26/01/21
|
25/01/22
|
26/01/23
|
25/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
6,041
|
6,276
|
9,257
|
9,363
|
9,042
|
9,189
|
9,200
|
9,349
|
9,396
|
9,634
|
9,813
|
9,820
|
9,947
|
10,186
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
826
|
754
|
1,902
|
1,832
|
1,689
|
1,474
|
1,759
|
1,513
|
1,654
|
2,173
|
2,077
|
1,829
|
1,554
|
2,295
|
Operating Margin
|
13.67%
|
12.01%
|
20.55%
|
19.57%
|
18.68%
|
16.04%
|
19.12%
|
16.18%
|
17.6%
|
22.56%
|
21.17%
|
18.62%
|
15.62%
|
22.53%
|
Earnings before Tax (EBT)
1 |
1,596
|
204
|
508
|
964
|
1,377
|
1,187
|
1,229
|
1,225
|
1,389
|
2,057
|
1,965
|
1,710
|
1,713
|
2,455
|
Net income
1 |
1,370
|
109
|
430
|
628
|
1,081
|
885
|
922
|
914
|
1,129
|
1,477
|
1,407
|
1,212
|
1,026
|
1,586
|
Net margin
|
22.68%
|
1.74%
|
4.65%
|
6.71%
|
11.96%
|
9.63%
|
10.02%
|
9.78%
|
12.02%
|
15.34%
|
14.33%
|
12.34%
|
10.31%
|
15.57%
|
EPS
2 |
2.100
|
0.1700
|
0.6600
|
0.9700
|
1.690
|
1.400
|
1.470
|
1.440
|
1.820
|
2.370
|
2.288
|
2.050
|
1.670
|
2.600
|
Dividend per Share
2 |
1.070
|
1.550
|
1.560
|
1.580
|
1.600
|
1.850
|
1.850
|
1.850
|
1.850
|
1.950
|
1.950
|
1.950
|
2.050
|
2.050
|
Announcement Date
|
25/01/22
|
26/04/22
|
12/07/22
|
13/10/22
|
26/01/23
|
20/04/23
|
11/07/23
|
13/10/23
|
25/01/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
5,319
|
-
|
-
|
7,084
|
6,572
|
4,217
|
4,217
|
4,217
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
3,562
|
3,895
|
3,648
|
193
|
5,998
|
5,783
|
6,039
|
6,296
|
ROE (net income / shareholders' equity)
|
24.6%
|
22.8%
|
7.8%
|
4.9%
|
9.4%
|
12.6%
|
14%
|
15%
|
ROA (Net income/ Total Assets)
|
4.92%
|
4.62%
|
3.91%
|
3.65%
|
3.4%
|
4.33%
|
4.79%
|
5.03%
|
Assets
1 |
57,761
|
59,988
|
80,767
|
61,526
|
1,13,165
|
1,14,045
|
1,12,467
|
1,13,694
|
Book Value Per Share
2 |
40.10
|
40.60
|
75.00
|
67.10
|
65.30
|
63.50
|
63.30
|
63.90
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
|
69
|
37
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex / Sales
|
0.32%
|
0.16%
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
22/01/20
|
26/01/21
|
25/01/22
|
26/01/23
|
25/01/24
|
-
|
-
|
-
|
Last Close Price
139.2
DKK Average target price
174.4
DKK Spread / Average Target +25.30% Consensus |
1st Jan change
|
Capi.
|
---|
| -6.19% | 12.31B | | +5.28% | 28.36B | | +1.75% | 10.31B | | +29.97% | 5.13B | | +4.59% | 3.77B | | +42.32% | 2.94B | | +12.31% | 748M | | -2.75% | 339M | | +14.02% | 201M | | +72.42% | 178M |
Insurance - Automobile
|