Financials Solar A/S

Equities

SOLAR B

DK0010274844

Construction & Engineering

Market Closed - Nasdaq Copenhagen 10:59:48 2024-04-26 am EDT 5-day change 1st Jan Change
322.5 DKK +4.20% Intraday chart for Solar A/S +2.54% -30.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,182 2,627 5,806 4,528 3,396 2,355 -
Enterprise Value (EV) 1 3,103 2,755 5,769 5,602 3,396 3,549 3,573
P/E ratio 34.1 x 11.8 x 11 x 6.89 x 9.82 x 13.9 x 10.2 x
Yield 4.68% 7.78% 5.66% 7.26% - 5.93% 7.4%
Capitalization / Revenue 0.19 x 0.23 x 0.47 x 0.33 x 0.26 x 0.19 x 0.19 x
EV / Revenue 0.27 x 0.24 x 0.47 x 0.4 x 0.26 x 0.29 x 0.28 x
EV / EBITDA 5.77 x 4.33 x 6.33 x 4.77 x 3.9 x 5.88 x 5.24 x
EV / FCF 16,506,326 x 3,774,500 x 9,014,115 x - - - -
FCF Yield 0% 0% 0% - - - -
Price to Book 1.37 x 1.55 x 2.98 x 2.35 x - 1.25 x 1.19 x
Nbr of stocks (in thousands) 7,298 7,298 7,303 7,303 7,303 7,303 -
Reference price 2 299.0 360.0 795.0 620.0 465.0 322.5 322.5
Announcement Date 2/6/20 2/11/21 2/10/22 2/9/23 2/8/24 - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 11,679 11,465 12,354 13,863 13,031 12,328 12,582
EBITDA 1 538 637 911 1,175 871 603.3 682.2
EBIT 1 260 248 672 909 558 305.7 387.6
Operating Margin 2.23% 2.16% 5.44% 6.56% 4.28% 2.48% 3.08%
Earnings before Tax (EBT) 1 120 300 622 858 468 221.1 301.7
Net income 1 64 222 531 660 347 170.2 232.3
Net margin 0.55% 1.94% 4.3% 4.76% 2.66% 1.38% 1.85%
EPS 2 8.770 30.38 72.50 90.05 47.34 23.23 31.70
Free Cash Flow 188 730 640 - - - -
FCF margin 1.61% 6.37% 5.18% - - - -
FCF Conversion (EBITDA) 34.94% 114.6% 70.25% - - - -
FCF Conversion (Net income) 293.75% 328.83% 120.53% - - - -
Dividend per Share 2 14.00 28.00 45.00 45.00 - 19.12 23.86
Announcement Date 2/6/20 2/11/21 2/10/22 2/9/23 2/8/24 - -
1DKK in Million2DKK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1
Net sales 1 2,872 3,380 3,462
EBITDA 1 237 259 281
EBIT 1 179 197 222
Operating Margin 6.23% 5.83% 6.41%
Earnings before Tax (EBT) 159 184 -
Net income 124 159 -
Net margin 4.32% 4.7% -
EPS 16.93 21.71 -
Dividend per Share - - -
Announcement Date 10/15/21 2/10/22 4/21/22
1DKK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 921 128 - 1,074 - 1,193 1,217
Net Cash position 1 - - 37 - - - -
Leverage (Debt/EBITDA) 1.712 x 0.2009 x - 0.914 x - 1.978 x 1.785 x
Free Cash Flow 188 730 640 - - - -
ROE (net income / shareholders' equity) 7.87% 13.5% 29.1% 34% - 9.93% 12%
ROA (Net income/ Total Assets) 2.64% - - - - - -
Assets 1 2,423 - - - - - -
Book Value Per Share 2 218.0 232.0 267.0 263.0 - 258.0 271.0
Cash Flow per Share 40.80 111.0 107.0 - - - -
Capex 1 110 33 143 167 - 213 218
Capex / Sales 0.94% 0.29% 1.16% 1.2% - 1.73% 1.73%
Announcement Date 2/6/20 2/11/21 2/10/22 2/9/23 2/8/24 - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
322.5 DKK
Average target price
410 DKK
Spread / Average Target
+27.13%
Consensus

Annual profits - Rate of surprise