Projected Income Statement: NKT A/S

Forecast Balance Sheet: NKT A/S

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 98.1 -467 -4,998 -9,548 -7,195 -4,088 -4,379 -7,847
Change - -576.04% -970.24% -91.04% 24.64% 43.19% -7.12% -79.2%
Announcement Date 23/02/22 22/02/23 21/02/24 21/02/25 25/02/26 - - -
1DKK in Million
Estimates

Cash Flow Forecast: NKT A/S

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,693 1,423 1,775 3,454 5,193 4,692 2,915 1,755
Change - -15.96% 24.7% 94.63% 50.35% -9.65% -37.88% -39.78%
Free Cash Flow (FCF) 1 -131.6 797.6 2,268 4,058 -1,464 -3,099 690.3 3,050
Change - 706.17% 184.36% 78.93% -136.09% -111.6% 122.28% 341.77%
Announcement Date 23/02/22 22/02/23 21/02/24 21/02/25 25/02/26 - - -
1DKK in Million
Estimates

Forecast Financial Ratios: NKT A/S

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 7.27% 7.43% 9.92% 10.55% 10.94% 11.12% 12.99% 14.83%
EBIT Margin (%) 1.55% 3.33% 6.4% 7.38% 7.21% 6.96% 8.74% 10.81%
EBT Margin (%) 0.23% 3.77% 5.8% 8.43% 8.25% 7.24% 8.76% 10.84%
Net margin (%) -0.21% 2.59% 4.42% 10.36% 7.41% 5.54% 6.82% 8.39%
FCF margin (%) -0.93% 5.15% 11.85% 16.73% -5.5% -11.52% 2.23% 8.31%
FCF / Net Income (%) 442.21% 199.16% 268.34% 161.42% -74.27% -207.88% 32.65% 99.06%

Profitability

        
ROA 0.37% 1.75% 3.56% 7.96% 5.05% 3.42% 4.85% 5.91%
ROE 0.78% 4.03% 8.34% 19.66% 13.05% 9.28% 11.62% 14.9%

Financial Health

        
Leverage (Debt/EBITDA) 0.1x - - - - - - -
Debt / Free cash flow -0.75x - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 11.94% 9.2% 9.27% 14.24% 19.5% 17.44% 9.41% 4.78%
CAPEX / EBITDA (%) 164.25% 123.74% 93.52% 134.99% 178.27% 156.92% 72.41% 32.24%
CAPEX / FCF (%) -1,287.01% 178.43% 78.25% 85.11% -354.59% -151.4% 422.23% 57.55%

Items per share

        
Cash flow per share 1 35.85 51.53 80.53 144.3 69.51 13.45 39.37 50.36
Change - 43.75% 56.28% 79.15% -51.82% -80.65% 192.68% 27.94%
Dividend per Share 1 - - - - - - - 16.5
Change - - - - - - - -
Book Value Per Share 1 200.6 197.7 193.8 238.7 305 314 350.2 406.6
Change - -1.48% -1.96% 23.19% 27.78% 2.94% 11.52% 16.13%
EPS 1 -0.7438 8.933 17.14 45.5 36.6 27.67 39.02 57.48
Change - 1,300.86% 91.9% 165.45% -19.57% -24.4% 41.03% 47.31%
Nbr of stocks (in thousands) 42,976 42,938 53,554 53,669 53,450 53,450 53,450 53,450
Announcement Date 23/02/22 22/02/23 21/02/24 21/02/25 25/02/26 - - -
1DKK
Estimates
2026 *2027 *
P/E ratio 35.6x 25.2x
PBR 3.14x 2.81x
EV / Sales 1.8x 1.56x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
984.50DKK
Average target price
826.93DKK
Spread / Average Target
-16.01%

Quarterly revenue - Rate of surprise