Financials Pandora A/S Xetra

Equities

3P7

DK0060252690

Apparel & Accessories

Delayed Xetra 08:20:58 2022-05-19 EDT 5-day change 1st Jan Change
71.46 EUR -3.33% Intraday chart for Pandora A/S -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,955 67,867 78,157 43,696 76,748 90,864 - -
Enterprise Value (EV) 1 35,932 71,018 81,039 50,490 86,518 102,439 103,214 103,889
P/E ratio 9.63 x 34.2 x 19.6 x 9.09 x 16.9 x 17.3 x 15.1 x 13.2 x
Yield 6.21% 1.32% 1.96% 3.28% 1.71% 1.75% 2.05% 2.47%
Capitalization / Revenue 1.23 x 3.57 x 3.34 x 1.65 x 2.73 x 2.91 x 2.69 x 2.48 x
EV / Revenue 1.64 x 3.74 x 3.46 x 1.91 x 3.08 x 3.28 x 3.06 x 2.84 x
EV / EBITDA 5.84 x 11.5 x 10.3 x 5.79 x 9.49 x 10 x 9.31 x 8.41 x
EV / FCF 5.78 x 13 x 14.4 x 15.6 x 14.7 x 20.4 x 18 x 15.6 x
FCF Yield 17.3% 7.7% 6.96% 6.42% 6.81% 4.9% 5.55% 6.39%
Price to Book 5.13 x 9.19 x 11.2 x 6.09 x - 16 x 11.8 x 8.3 x
Nbr of stocks (in thousands) 93,011 99,658 95,851 89,522 82,242 81,165 - -
Reference price 2 289.8 681.0 815.4 488.1 933.2 1,120 1,120 1,120
Announcement Date 20-02-04 21-02-04 22-02-09 23-02-08 24-01-07 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,868 19,009 23,394 26,463 28,100 31,243 33,743 36,619
EBITDA 1 6,148 6,196 7,838 8,716 9,118 10,245 11,083 12,348
EBIT 1 5,854 3,881 5,839 6,743 7,000 7,857 8,617 9,633
Operating Margin 26.77% 20.42% 24.96% 25.48% 24.91% 25.15% 25.54% 26.31%
Earnings before Tax (EBT) 1 3,829 2,494 5,378 6,533 6,234 6,949 7,809 8,995
Net income 1 2,945 1,938 4,160 5,029 4,740 5,249 5,901 6,748
Net margin 13.47% 10.2% 17.78% 19% 16.87% 16.8% 17.49% 18.43%
EPS 2 30.10 19.90 41.70 53.70 55.10 64.54 74.02 84.79
Free Cash Flow 1 6,213 5,471 5,643 3,243 5,896 5,020 5,729 6,643
FCF margin 28.41% 28.78% 24.12% 12.25% 20.98% 16.07% 16.98% 18.14%
FCF Conversion (EBITDA) 101.06% 88.3% 72% 37.21% 64.66% 49% 51.69% 53.8%
FCF Conversion (Net income) 210.97% 282.3% 135.65% 64.49% 124.39% 95.63% 97.08% 98.45%
Dividend per Share 2 18.00 9.000 16.00 16.00 16.00 19.58 22.98 27.61
Announcement Date 20-02-04 21-02-04 22-02-09 23-02-08 24-01-07 - - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 7,048 9,011 - 5,689 5,655 5,263 9,856 15,119 5,850 5,894 11,745 5,572 10,800 6,834 6,680 6,017 11,491
EBITDA 1 1,724 3,267 4,660 1,771 1,737 1,496 3,711 5,207 1,753 1,690 3,444 1,447 4,228 2,067 1,980 1,621 4,475
EBIT 1 671 2,678 - 1,310 1,249 978 3,206 4,184 1,256 1,188 2,445 920 3,700 1,507 1,475 1,096 3,722
Operating Margin 9.52% 29.72% - 23.03% 22.09% 18.58% 32.53% 27.67% 21.47% 20.16% 20.82% 16.51% 34.26% 22.05% 22.08% 18.21% 32.39%
Earnings before Tax (EBT) 1 - 2,467 3,287 1,300 1,221 960 3,051 4,011 1,162 1,017 2,180 709 3,345 1,278 1,074 777.2 3,684
Net income 1 - 1,904 2,539 995 934 734 2,365 3,099 889 778 1,667 543 2,530 965 875 597 2,801
Net margin - 21.13% - 17.49% 16.52% 13.95% 24% 20.5% 15.2% 13.2% 14.19% 9.75% 23.43% 14.12% 13.1% 9.92% 24.38%
EPS 2 - 19.10 25.50 10.40 9.800 7.800 25.20 - 10.00 8.800 18.90 6.300 29.60 11.80 10.90 7.510 35.60
Dividend per Share - - - - - - - - - - - - - - - - 16.00
Announcement Date 20-08-17 22-02-09 22-02-09 22-05-04 22-08-16 22-11-08 23-02-08 23-02-08 23-05-03 23-08-15 23-08-15 23-11-08 24-01-07 24-05-02 - - -
1DKK in Million2DKK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,977 3,151 2,882 6,794 9,770 11,575 12,350 13,025
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.46 x 0.5086 x 0.3677 x 0.7795 x 1.072 x 1.13 x 1.114 x 1.055 x
Free Cash Flow 1 6,213 5,471 5,643 3,243 5,896 5,020 5,729 6,643
ROE (net income / shareholders' equity) 50.5% 30.7% 57.8% 71% 75.7% 98.2% 94.8% 84.8%
ROA (Net income/ Total Assets) 14.4% 9.33% 21.6% 24.8% 20.7% 21.6% 21.8% 22.6%
Assets 1 20,407 20,777 19,263 20,277 22,906 24,349 27,049 29,798
Book Value Per Share 2 56.50 74.10 73.10 80.20 - 70.00 95.10 135.0
Cash Flow per Share 2 69.20 61.30 62.50 47.30 85.80 99.90 91.80 110.0
Capex 1 812 504 585 1,191 1,488 1,986 2,124 2,257
Capex / Sales 3.71% 2.65% 2.5% 4.5% 5.3% 6.36% 6.3% 6.16%
Announcement Date 20-02-04 21-02-04 22-02-09 23-02-08 24-01-07 - - -
1DKK in Million2DKK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
1,120 DKK
Average target price
1,184 DKK
Spread / Average Target
+5.76%
Consensus