Company Valuation: Pandora A/S

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 58,347 - -
Change - -44.09% 75.64% 35.27% -49.14% 10.51% - -
Enterprise Value (EV) 1 81,039 50,490 86,518 114,828 66,518 71,166 70,471 69,451
Change - -37.7% 71.36% 32.72% -42.07% 6.99% -0.98% -1.45%
P/E 19.6x 9.09x 16.9x 20.4x 10.4x 13x 18.1x 13.2x
PBR 11.2x 6.09x 14.3x 18.8x 10.3x 7.77x 6.32x 5.38x
PEG - 0.3x 6.48x 1.2x 2.04x -2.71x -0.6x 0.4x
Capitalization / Revenue 3.34x 1.65x 2.73x 3.28x 1.62x 1.75x 1.67x 1.59x
EV / Revenue 3.46x 1.91x 3.08x 3.62x 2.04x 2.13x 2.01x 1.89x
EV / EBITDA 10.3x 5.79x 9.49x 11.1x 6.45x 6.87x 8.07x 6.74x
EV / EBIT 13.9x 7.49x 12.4x 14.4x 8.55x 9.29x 12.4x 9.6x
EV / FCF 14.4x 15.6x 14.7x 16.3x 12.2x 22.5x 19.6x 11.8x
FCF Yield 6.96% 6.42% 6.81% 6.13% 8.19% 4.44% 5.11% 8.48%
Dividend per Share 2 16 16 16 20 22 20.68 18.78 21.82
Rate of return 1.96% 3.28% 1.71% 1.52% 3.11% 2.46% 2.23% 2.59%
EPS 2 41.7 53.7 55.1 64.6 67.9 64.64 46.62 63.96
Distribution rate 38.4% 29.8% 29% 31% 32.4% 32% 40.3% 34.1%
Net sales 1 23,394 26,463 28,100 31,680 32,549 33,406 35,010 36,712
EBITDA 1 7,838 8,716 9,118 10,327 10,316 10,362 8,731 10,297
EBIT 1 5,839 6,743 7,000 7,974 7,783 7,661 5,692 7,238
Net income 1 4,160 5,029 4,740 5,227 5,241 4,878 3,560 4,727
Net Debt 1 2,882 6,794 9,770 11,008 13,719 12,819 12,124 11,104
Reference price 2 815.40 488.10 933.20 1,317.00 707.60 841.60 841.60 841.60
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.($)
13.02x2.16x6.97x2.46% 8.93B
17.57x2.66x8.9x3.34% 214B
30.62x7.61x16.85x1.46% 158B
25.49x4.07x14.28x2.26% 126B
60.96x4.42x40.43x0.42% 41.42B
11.91x1.79x6.16x3.92% 27.1B
20.46x2.68x13.66x1.02% 22.55B
10.73x1.21x7.87x6.82% 14.17B
18.02x3.42x8.51x3.24% 12.95B
Average 23.20x 3.34x 13.74x 2.77% 69.38B
Weighted average by Cap. 24.98x 4.25x 14.07x 2.46%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Pandora A/S

Historical PBR trend

Valuation ratios - PBR - Pandora A/S

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Pandora A/S

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Pandora A/S


Year-on-year evolution of the Yield

Valuation ratios - Yield - Pandora A/S