Company Valuation: Pandora

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 78,157 43,696 76,748 103,820 52,799 56,456 - -
Change - -44.09% 75.64% 35.27% -49.14% 6.93% - -
Enterprise Value (EV) 1 81,039 50,490 86,518 114,828 66,518 69,919 69,023 67,735
Change - -37.7% 71.36% 32.72% -42.07% 5.11% -1.28% -1.87%
P/E 19.6x 9.09x 16.9x 20.4x 10.4x 12.7x 17.8x 13.1x
PBR 11.2x 6.09x 14.3x 18.8x 10.3x 7.49x 6.09x 5.05x
PEG - 0.3x 6.48x 1.2x 2.04x -1.81x -0.6x 0.4x
Capitalization / Revenue 3.34x 1.65x 2.73x 3.28x 1.62x 1.7x 1.63x 1.55x
EV / Revenue 3.46x 1.91x 3.08x 3.62x 2.04x 2.1x 1.99x 1.86x
EV / EBITDA 10.3x 5.79x 9.49x 11.1x 6.45x 6.84x 8.02x 6.69x
EV / EBIT 13.9x 7.49x 12.4x 14.4x 8.55x 9.44x 12.3x 9.62x
EV / FCF 14.4x 15.6x 14.7x 16.3x 12.2x 23.6x 20x 11.8x
FCF Yield 6.96% 6.42% 6.81% 6.13% 8.19% 4.23% 5.01% 8.47%
Dividend per Share 2 16 16 16 20 22 20.47 18.01 21.44
Rate of return 1.96% 3.28% 1.71% 1.52% 3.11% 2.56% 2.25% 2.68%
EPS 2 41.7 53.7 55.1 64.6 67.9 63.12 44.93 61.03
Distribution rate 38.4% 29.8% 29% 31% 32.4% 32.4% 40.1% 35.1%
Net sales 1 23,394 26,463 28,100 31,680 32,549 33,245 34,740 36,453
EBITDA 1 7,838 8,716 9,118 10,327 10,316 10,222 8,602 10,125
EBIT 1 5,839 6,743 7,000 7,974 7,783 7,405 5,607 7,044
Net income 1 4,160 5,029 4,740 5,227 5,241 4,771 3,494 4,636
Net Debt 1 2,882 6,794 9,770 11,008 13,719 13,463 12,566 11,279
Reference price 2 815.40 488.10 933.20 1,317.00 707.60 800.00 800.00 800.00
Nbr of stocks (in thousands) 95,851 89,522 82,242 78,830 74,617 70,570 - -
Announcement Date 2/9/22 2/8/23 1/7/24 2/4/25 2/4/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.29x4.29x15.07x2.16% 136B
70.54x5.02x46.89x0.37% 47.04B
11.89x1.35x8.71x6.12% 15.94B
12.67x2.1x6.84x2.56% 8.81B
7.13x1.42x5.01x9.93% 7.72B
11.68x0.19x3.06x5.11% 2.23B
10.8x1.28x6.67x8.04% 2B
21.22x - - - 1.91B
8.9x - - 5.98% 1.82B
Average 20.13x 2.24x 13.18x 5.03% 24.85B
Weighted average by Cap. 32.91x 3.97x 20.53x 2.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield