Company Valuation: Pandora

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 55,327 - -
Change - -44.09% 75.64% 35.27% -49.14% 4.79% - -
Enterprise Value (EV) 1 81,039 50,490 86,518 114,828 66,518 68,681 67,811 66,728
Change - -37.7% 71.36% 32.72% -42.07% 3.25% -1.27% -1.6%
P/E 19.6x 9.09x 16.9x 20.4x 10.4x 12.6x 19.8x 14.3x
PBR 11.2x 6.09x 14.3x 18.8x 10.3x 7.49x 6.32x 5.01x
PEG - 0.3x 6.48x 1.2x 2.04x -1.46x -0.5x 0.4x
Capitalization / Revenue 3.34x 1.65x 2.73x 3.28x 1.62x 1.68x 1.61x 1.53x
EV / Revenue 3.46x 1.91x 3.08x 3.62x 2.04x 2.08x 1.97x 1.85x
EV / EBITDA 10.3x 5.79x 9.49x 11.1x 6.45x 6.9x 8.48x 7.12x
EV / EBIT 13.9x 7.49x 12.4x 14.4x 8.55x 9.5x 13.5x 10.3x
EV / FCF 14.4x 15.6x 14.7x 16.3x 12.2x 23.7x 19x 12.2x
FCF Yield 6.96% 6.42% 6.81% 6.13% 8.19% 4.21% 5.27% 8.19%
Dividend per Share 2 16 16 16 20 22 20.42 17.27 20.55
Rate of return 1.96% 3.28% 1.71% 1.52% 3.11% 2.6% 2.2% 2.62%
EPS 2 41.7 53.7 55.1 64.6 67.9 62.04 39.53 54.93
Distribution rate 38.4% 29.8% 29% 31% 32.4% 32.9% 43.7% 37.4%
Net sales 1 23,394 26,463 28,100 31,680 32,549 33,013 34,427 36,078
EBITDA 1 7,838 8,716 9,118 10,327 10,316 9,948 7,999 9,368
EBIT 1 5,839 6,743 7,000 7,974 7,783 7,228 5,015 6,469
Net income 1 4,160 5,029 4,740 5,227 5,241 4,688 3,035 4,161
Net Debt 1 2,882 6,794 9,770 11,008 13,719 13,354 12,484 11,401
Reference price 2 815.40 488.10 933.20 1,317.00 707.60 784.00 784.00 784.00
Nbr of stocks (in thousands) 95,851 89,522 82,242 78,830 74,617 70,570 - -
Announcement Date 9/2/22 8/2/23 7/1/24 4/2/25 4/2/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.51x4.44x15.85x2.13% 133B
67.99x4.7x44.53x0.34% 42.73B
10.94x1.25x8.05x6.71% 14.64B
6.99x1.44x5.22x9.93% 8.69B
11.57x0.19x3.13x5.16% 2.25B
10.53x1.25x6.47x8.24% 1.93B
19.28x - - - 1.72B
7.97x - - 6.68% 1.61B
44.55x - - 2.08% 1.25B
Average 23.15x 2.21x 13.87x 5.16% 23.13B
Weighted average by Cap. 33.99x 4.06x 20.63x 2.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield