Financials Norden

Equities

DNORD

DK0060083210

Marine Freight & Logistics

Market Closed - Nasdaq Copenhagen 11:20:00 2024-06-18 EDT 5-day change 1st Jan Change
293.8 DKK -0.68% Intraday chart for Norden -5.23% -8.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 567.4 629.4 686.3 932.6 2,033 1,502
Enterprise Value (EV) 1 710.8 1,054 1,030 1,584 2,005 1,546
P/E ratio 19.9 x 33.3 x 8.17 x 4.68 x 2.85 x 3.86 x
Yield 2.17% 2.35% 8.16% 10.9% 21.5% 14%
Capitalization / Revenue 0.23 x 0.24 x 0.26 x 0.26 x 0.38 x 0.41 x
EV / Revenue 0.29 x 0.41 x 0.4 x 0.45 x 0.38 x 0.42 x
EV / EBITDA 9.81 x 10 x 5.46 x 5.38 x 2.68 x 4.02 x
EV / FCF -4.31 x 45.2 x 5.31 x -53 x 3.24 x 8.66 x
FCF Yield -23.2% 2.21% 18.8% -1.89% 30.9% 11.5%
Price to Book 0.68 x 0.73 x 0.76 x 0.94 x 1.53 x 1.25 x
Nbr of stocks (in thousands) 40,075 39,339 37,883 36,796 33,780 31,596
Reference price 2 14.16 16.00 18.12 25.35 60.17 47.53
Announcement Date 19-03-05 20-03-04 21-03-04 22-03-03 23-02-10 24-02-08
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,455 2,584 2,598 3,552 5,312 3,692
EBITDA 1 72.44 105.4 188.7 294.5 748 384.3
EBIT 1 28.14 60 140.1 251.1 718.3 345.2
Operating Margin 1.15% 2.32% 5.39% 7.07% 13.52% 9.35%
Earnings before Tax (EBT) 1 32.44 24.1 92.7 210.7 751.9 410.2
Net income 1 28.76 19.2 86 204.5 743.5 400.1
Net margin 1.17% 0.74% 3.31% 5.76% 14% 10.84%
EPS 2 0.7100 0.4800 2.218 5.420 21.10 12.30
Free Cash Flow 1 -164.8 23.32 193.8 -29.91 618.6 178.6
FCF margin -6.71% 0.9% 7.46% -0.84% 11.64% 4.84%
FCF Conversion (EBITDA) - 22.12% 102.72% - 82.7% 46.47%
FCF Conversion (Net income) - 121.46% 225.38% - 83.2% 44.64%
Dividend per Share 2 0.3068 0.3754 1.479 2.753 12.93 6.673
Announcement Date 19-03-05 20-03-04 21-03-04 22-03-03 23-02-10 24-02-08
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 178.7
Net margin -
EPS 2 5.110
Dividend per Share -
Announcement Date 22-08-18
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 143 425 344 652 - 44.6
Net Cash position 1 - - - - 27.5 -
Leverage (Debt/EBITDA) 1.979 x 4.028 x 1.822 x 2.213 x - 0.1161 x
Free Cash Flow 1 -165 23.3 194 -29.9 619 179
ROE (net income / shareholders' equity) 3.46% 2.28% 9.76% 21.6% 64% 31.6%
ROA (Net income/ Total Assets) 1.26% 2.34% 4.91% 7.34% 17.2% 8.46%
Assets 1 2,283 821 1,752 2,787 4,313 4,728
Book Value Per Share 2 20.70 21.90 23.90 27.00 39.40 37.90
Cash Flow per Share 2 4.620 5.320 8.770 11.20 25.00 17.70
Capex 1 203 146 99 248 328 350
Capex / Sales 8.26% 5.65% 3.81% 6.98% 6.18% 9.47%
Announcement Date 19-03-05 20-03-04 21-03-04 22-03-03 23-02-10 24-02-08
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise