Company Valuation: FirstFarms A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 490.3 562.8 730.3 672.4 791.4 907.9
Change - 14.79% 29.76% -7.94% 17.7% 14.72%
Enterprise Value (EV) 1 959.7 915.7 1,208 1,255 1,342 1,521
Change - -4.58% 31.97% 3.81% 7% 13.31%
P/E 20.6x 17.7x 11.3x 25.8x 48.4x -42.2x
PBR 1.01x 1.06x 1.07x 0.93x 0.97x 1.01x
PEG - 0.6x 0.2x -0.4x -1.1x 0x
Capitalization / Revenue 1.57x 1.52x 1.75x 1.46x 1.74x 2.39x
EV / Revenue 3.07x 2.47x 2.89x 2.72x 2.96x 4.01x
EV / EBITDA 15.5x 9.84x 8.39x 13.9x 12.1x 12.7x
EV / EBIT 60.4x 18.6x 12.9x 32.2x 27.7x 28.4x
EV / FCF -340x 218x -6.98x -9.89x -28.8x -10.3x
FCF Yield -0.29% 0.46% -14.3% -10.1% -3.48% -9.75%
Dividend per Share 2 0.75 0.85 0.95 - - -
Rate of return 1.16% 1.19% 1.23% - - -
EPS 2 3.146 4.055 6.828 2.618 1.467 -1.76
Distribution rate 23.8% 21% 13.9% - - -
Net sales 1 312.6 370.3 418.4 461.6 454 379.2
EBITDA 1 61.85 93.09 144 90.15 110.9 120.1
EBIT 1 15.88 49.34 93.32 39.01 48.52 53.6
Net income 1 24.79 34.76 65.47 26.04 16.35 -20.62
Net Debt 1 469.4 352.9 478.2 582.2 551 613.1
Reference price 2 64.80 71.60 77.20 67.60 71.00 74.20
Nbr of stocks (in thousands) 7,567 7,861 9,460 9,946 11,146 12,236
Announcement Date 3/25/21 3/23/22 3/30/23 3/21/24 3/13/25 3/25/26
1DKK in Million2DKK
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 134M
31.94x1x11.05x0.83% 13.52B
9.67x1.12x9.36x4.37% 5.87B
30.46x1.89x14.43x1.3% 3.59B
13.12x1.44x6.81x1.91% 2.88B
15.1x0.87x9.29x - 2.08B
11.79x1.78x5.87x5.46% 1.52B
53.83x0.82x12.16x1.53% 1.52B
Average 23.70x 1.27x 9.85x 2.57% 3.89B
Weighted average by Cap. 24.76x 1.19x 10.41x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. FFARMS Stock
  4. Valuation FirstFarms A/S