Projected Income Statement: Netcompany Group A/S

Forecast Balance Sheet: Netcompany Group A/S

Forecast Balance Sheet - Netcompany Group A/S
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,138 1,850 1,286 2,237 2,326 3,257 2,856 2,372
Change - -13.47% -30.49% 73.95% 3.98% 40.03% -12.31% -16.95%
Announcement Date 1/25/22 1/25/23 1/25/24 1/28/25 2/3/26 - - -
1DKK in Million
Estimates

Cash Flow Forecast: Netcompany Group A/S

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 57.55 52.21 98.5 54.9 105.3 174.9 193.1 208.6
Change - -9.28% 88.66% -44.26% 91.8% 66.08% 10.4% 8.04%
Free Cash Flow (FCF) 1 408 602.7 556.7 912 477.6 579.7 1,078 1,309
Change - 47.72% -7.63% 63.82% -47.63% 21.37% 85.91% 21.47%
Announcement Date 1/25/22 1/25/23 1/25/24 1/28/25 2/3/26 - - -
1DKK in Million
Estimates

Forecast Financial Ratios: Netcompany Group A/S

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

Profitability

        
EBITDA Margin (%) 24.32% 19.95% 14.83% 16.79% 16.12% 16.42% 18.25% 19.77%
EBIT Margin (%) 19.43% 15.14% 9.52% 12.05% 7.12% 10.7% 14% 15.38%
EBT Margin (%) 20.08% 13.64% 7.11% 9.54% 4.76% 10.46% 12.47% 14.09%
Net margin (%) 15.85% 10.88% 4.99% 7.19% 3.26% 7.98% 9.64% 10.97%
FCF margin (%) 11.26% 10.87% 9.16% 13.94% 6.05% 6.03% 10.36% 11.74%
FCF / Net Income (%) 71.04% 99.89% 183.43% 193.96% 185.91% 75.6% 107.42% 106.95%

Profitability

        
ROA 10.29% 8.49% 3.95% 5.79% 2.86% 7.05% 7.2% 7.65%
ROE 21% 18.4% 8.3% 12.6% 7.2% 22.32% 26.35% 27.8%

Financial Health

        
Leverage (Debt/EBITDA) 2.43x 1.67x 1.43x 2.04x 1.83x 2.06x 1.5x 1.08x
Debt / Free cash flow 5.24x 3.07x 2.31x 2.45x 4.87x 5.62x 2.65x 1.81x

Capital Intensity

        
CAPEX / Current Assets (%) 1.59% 0.94% 1.62% 0.84% 1.33% 1.82% 1.86% 1.87%
CAPEX / EBITDA (%) 6.53% 4.72% 10.93% 5% 8.28% 11.08% 10.17% 9.46%
CAPEX / FCF (%) 14.11% 8.66% 17.69% 6.02% 22.05% 30.17% 17.91% 15.94%

Items per share

        
Cash flow per share 1 9.373 15.56 15.23 19.69 12.3 20.36 30.4 34.79
Change - 66.04% -2.12% 29.28% -37.55% 65.58% 49.32% 14.42%
Dividend per Share 1 1 - - - - - - 1.123
Change - - - - - - - -
Book Value Per Share 1 61.88 70.5 76.6 72.3 75.2 75.45 93.96 110.7
Change - 13.93% 8.65% -5.61% 4.01% 0.33% 24.53% 17.79%
EPS 1 11.6 12.15 6.09 9.6 5.42 16.94 23.08 29.46
Change - 4.74% -49.88% 57.64% -43.54% 212.64% 36.21% 27.63%
Nbr of stocks (in thousands) 49,170 49,143 49,567 47,286 45,822 44,598 44,598 44,598
Announcement Date 1/25/22 1/25/23 1/25/24 1/28/25 2/3/26 - - -
1DKK
Estimates
2026 *2027 *
P/E 20.2x 14.9x
PBR 4.54x 3.65x
EV / Sales 1.93x 1.74x
Yield - -

EPS & Dividend

EPS & Dividend - Netcompany Group A/S


Y-o-Y evolution of P/E

Valuation ratios - P/E - Netcompany Group A/S
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Netcompany Group A/S
Trader
Investor
Global
Quality
ESG MSCI
AA
Ratings Surperformance© - Netcompany Group A/S
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
342.80DKK
Average target price
383.25DKK
Spread / Average Target
+11.80%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Netcompany Group A/S
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