Valuation DSV Liquidnet

Stocks

Delayed Liquidnet			5-day change	1st Jan Change
- ^DKK	-.--%		-.--%	-

08-17	UBS cuts DSV price target to 1 945 Danish kroner (2 015), reiterates buy	FW
07-24	DSV Kept at Outperform as Bernstein Noted Market Reaction to Road Integration Delays	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	357,685	238,147	248,050	358,661	381,322	333,924	-	-
Change	-	-33.42%	4.16%	44.59%	6.32%	-12.43%	-	-
Enterprise Value (EV) ¹	386,139	268,017	282,633	358,132	467,946	409,760	405,847	404,536
Change	-	-30.59%	5.45%	26.71%	30.66%	-12.43%	-0.95%	-0.32%
P/E	31.7x	14.4x	20.8x	32.5x	47.1x	33.1x	16.5x	13.7x
PBR	4.83x	3.33x	3.61x	2.88x	3.25x	2.62x	2.47x	2.35x
PEG	-	0.2x	-0.8x	-1.8x	-1.7x	1.4x	0x	0.7x
Capitalization / Revenue	1.96x	1.01x	1.65x	2.15x	1.54x	1.12x	1.09x	1.06x
EV / Revenue	2.12x	1.14x	1.87x	2.14x	1.89x	1.37x	1.33x	1.28x
EV / EBITDA	18.9x	8.85x	12.3x	16.4x	16.6x	11.7x	10x	9.17x
EV / EBIT	23.8x	10.6x	15.9x	22.2x	23.9x	16.6x	13.6x	12.1x
EV / FCF	30.6x	10.4x	19.6x	38.6x	24.8x	20.8x	15x	13.6x
FCF Yield	3.27%	9.66%	5.1%	2.59%	4.04%	4.81%	6.67%	7.33%
Dividend per Share ²	5.5	6.5	7	7	7	7.004	8.793	10.39
Rate of return	0.36%	0.59%	0.59%	0.46%	0.43%	0.5%	0.63%	0.74%
EPS ²	48.2	76.2	57.1	47	34.3	42.19	84.89	101.8
Distribution rate	11.4%	8.53%	12.3%	14.9%	20.4%	16.6%	10.4%	10.2%
Net sales ¹	182,306	235,665	150,785	167,106	247,331	299,013	305,227	315,042
EBITDA ¹	20,417	30,275	22,997	21,831	28,244	35,162	40,577	44,126
EBIT ¹	16,223	25,204	17,723	16,096	19,611	24,661	29,922	33,454
Net income ¹	11,205	17,568	12,315	10,109	8,386	9,889	19,605	22,818
Net Debt ¹	28,454	29,870	34,583	-529	86,624	75,836	71,923	70,612
Reference price ²	1,527.50	1,096.50	1,185.50	1,529.00	1,615.00	1,398.50	1,398.50	1,398.50
Nbr of stocks (in thousands)	234,164	217,188	209,237	234,572	236,113	238,773	-	-
Announcement Date	09/02/22	02/02/23	01/02/24	04/02/25	04/02/26	-	-	-

¹DKK in Million²DKK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
DSV A/S	33.15x	1.37x	11.65x	0.5%	52.16B
KUEHNE UND NAGEL INTERNATIONAL AG	24.76x	1.16x	12.23x	3.1%	32.51B
HYUNDAI GLOVIS CO., LTD.	8.84x	0.39x	4.26x	3.18%	10.64B
NIPPON EXPRESS HOLDINGS, INC.	19.79x	0.74x	6.6x	1.85%	8.37B
LOGISTA HOLDINGS	17.42x	1.19x	4.44x	5.76%	5.61B
MITSUBISHI LOGISTICS CORPORATION	19.93x	2.17x	16.6x	2.82%	3.24B
KAMIGUMI CO., LTD.	16.34x	1.62x	9.64x	4.35%	3.02B
SEINO HOLDINGS CO., LTD.	16x	0.56x	6.57x	3.8%	2.86B
Average	19.53x	1.15x	9.00x	3.17%	14.8B
Weighted average by Cap.	25.77x	1.18x	10.41x	2.04%