Projected Income Statement: Lundbeck

Forecast Balance Sheet: Lundbeck

Forecast Balance Sheet - Lundbeck
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,043 2,031 -711 12,182 8,221 4,003 -182 -3,953
Change - -33.26% -135.01% 1,813.36% -32.52% -51.31% -104.55% -2,071.98%
Announcement Date 2/9/22 2/7/23 2/7/24 2/5/25 2/4/26 - - -
1DKK in Million
Estimates

Cash Flow Forecast: Lundbeck

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 610 820 501 565 618 583.4 589.7 578.6
Change - 34.43% -38.9% 12.77% 9.38% -5.6% 1.08% -1.89%
Free Cash Flow (FCF) 1 1,662 2,699 3,579 2,761 4,863 5,861 6,077 5,586
Change - 62.39% 32.6% -22.86% 76.13% 20.53% 3.68% -8.08%
Announcement Date 2/9/22 2/7/23 2/7/24 2/5/25 2/4/26 - - -
1DKK in Million
Estimates

Forecast Financial Ratios: Lundbeck

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 22.82% 25.56% 28.38% 28.84% 32% 31.54% 31.7% 30.55%
EBIT Margin (%) 12.33% 15.63% 16.05% 14.86% 21.42% 23.65% 23.93% 23.07%
EBT Margin (%) 9.7% 13.56% 15.03% 16.9% 18.22% 22.63% 23.19% 22.74%
Net margin (%) 8.09% 10.5% 11.5% 14.28% 12.96% 17.66% 17.7% 16.84%
FCF margin (%) 10.2% 14.79% 17.97% 12.55% 19.74% 22.66% 23.29% 21.91%
FCF / Net Income (%) 126.1% 140.87% 156.29% 87.85% 152.35% 128.34% 131.55% 130.11%

Profitability

        
ROA 7.07% 8.87% 6.12% 6.66% 6.13% 7.96% 7.6% 6.99%
ROE 14.17% 16.37% 10.7% 13.4% 20.93% 19.27% 16.99% 14.65%

Financial Health

        
Leverage (Debt/EBITDA) 0.82x 0.44x - 1.92x 1.04x 0.49x - -
Debt / Free cash flow 1.83x 0.75x - 4.41x 1.69x 0.68x - -

Capital Intensity

        
CAPEX / Current Assets (%) 3.74% 4.49% 2.52% 2.57% 2.51% 2.26% 2.26% 2.27%
CAPEX / EBITDA (%) 16.4% 17.59% 8.86% 8.9% 7.84% 7.15% 7.13% 7.43%
CAPEX / FCF (%) 36.7% 30.38% 14% 20.46% 12.71% 9.95% 9.7% 10.36%

Items per share

        
Cash flow per share 1 - 3.54 4.11 3.35 5.52 6.17 6.586 6.291
Change - - 16.1% -18.49% 64.78% 11.77% 6.75% -4.48%
Dividend per Share 1 - 0.58 0.7 0.95 1.15 1.552 1.398 1.517
Change - - 20.69% 35.71% 21.05% 34.96% -9.95% 8.51%
Book Value Per Share 1 - 20.93 22.22 25.23 25.1 28.75 31.96 34.97
Change - - 6.16% 13.55% -0.52% 14.52% 11.17% 9.44%
EPS 1 - 1.93 2.31 3.17 3.22 4.519 4.628 4.383
Change - - 19.69% 37.23% 1.58% 40.34% 2.42% -5.3%
Nbr of stocks (in thousands) - 992,840 992,840 992,011 991,227 991,227 991,227 991,227
Announcement Date - 2/7/23 2/7/24 2/5/25 2/4/26 - - -
1DKK
Estimates
2026 *2027 *
P/E 10.2x 9.93x
PBR 1.6x 1.44x
EV / Sales 1.9x 1.72x
Yield 3.38% 3.04%

EPS & Dividend

EPS & Dividend - Lundbeck


Y-o-Y evolution of P/E

Valuation ratios - P/E - Lundbeck
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Lundbeck
Trader
Investor
Global
Quality
ESG MSCI
-
Ratings Surperformance© - Lundbeck
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
45.96DKK
Average target price
49.19DKK
Spread / Average Target
+7.03%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Lundbeck