Valuation DEMT AS OTC Markets

Stocks

Delayed OTC Markets Other stock markets 17:51:16 05/10/2021 +03			5-day change	1st Jan Change
23.50 ^USD	-1.67%		-11.78%	-

06-10	Barclays raises Demant price target to DKK 240 (210), reiterates Equal Weight - BN	FW
06-09	BofA upgrades Demant to buy, adopts more bullish stance on hearing aid market	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	80,200	42,434	64,150	57,517	45,841	51,333	-	-
Change	-	-47.09%	51.17%	-10.34%	-20.3%	11.98%	-	-
Enterprise Value (EV) ¹	89,350	55,145	76,430	71,062	64,583	68,700	67,161	65,668
Change	-	-38.28%	38.6%	-7.02%	-9.12%	6.37%	-2.24%	-2.22%
P/E	31.3x	20.9x	36.8x	24x	29.4x	20.2x	16.4x	14.1x
PBR	9.67x	5.02x	7.07x	5.95x	4.58x	4.16x	3.43x	2.86x
PEG	-	-1.5x	-2.9x	0.7x	-0.9x	0.3x	0.7x	0.9x
Capitalization / Revenue	4.36x	2.15x	2.86x	2.57x	2x	1.99x	1.87x	1.76x
EV / Revenue	4.86x	2.8x	3.41x	3.17x	2.81x	2.66x	2.44x	2.25x
EV / EBITDA	19.7x	12.6x	13.9x	11.9x	12.1x	11.5x	10.1x	9.09x
EV / EBIT	26.4x	17.2x	18.4x	16.1x	16.3x	15.7x	13.8x	12.3x
EV / FCF	35.4x	34.1x	21.9x	20.4x	20.9x	29.3x	19.5x	17.7x
FCF Yield	2.83%	2.93%	4.56%	4.91%	4.79%	3.42%	5.14%	5.66%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	10.7	9.21	8.04	10.99	7.31	12.06	14.85	17.22
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	18,388	19,705	22,443	22,419	22,971	25,799	27,488	29,233
EBITDA ¹	4,536	4,383	5,482	5,963	5,351	5,968	6,634	7,226
EBIT ¹	3,386	3,207	4,148	4,404	3,960	4,381	4,884	5,340
Net income ¹	2,513	2,082	1,795	2,387	1,544	2,549	3,109	3,543
Net Debt ¹	9,150	12,711	12,280	13,545	18,742	17,367	15,828	14,335
Reference price ²	335.10	192.55	296.00	264.20	215.20	243.40	243.40	243.40
Nbr of stocks (in thousands)	239,330	220,381	216,722	217,703	213,014	210,899	-	-
Announcement Date	2/8/22 A	2/7/23 A	2/5/24 A	2/5/25 A	2/3/26 A	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ABBOTT LABORATORIES	22.24x	3.3x	12.38x	2.88%	154B
MEDTRONIC PLC	19.94x	3.45x	12.41x	3.6%	102B
HOYA CORPORATION	36.04x	8.8x	23.02x	1.11%	59.25B
CENCORA, INC.	14.32x	0.17x	10.77x	0.87%	52.89B
BECTON, DICKINSON AND COMPANY	35.88x	2.9x	9.94x	2.67%	39.67B
MEDLINE INC.	34.4x	1.28x	11.29x	0.23%	30.39B
DEXCOM, INC.	29.61x	5.28x	16.83x	-.--%	27.96B
WEST PHARMACEUTICAL SERVICES, INC.	38.95x	6.73x	24.3x	0.27%	23.17B
TERUMO CORPORATION	24.36x	3.1x	12.68x	1.33%	20.7B
Average	28.42x	3.89x	14.85x	1.44%	56.65B
Weighted average by Cap.	25.60x	3.75x	14.00x	2.1%