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 52,448 - -
Change - -44.09% 75.64% 35.27% -49.14% -0.67% - -
Enterprise Value (EV) 1 81,039 50,490 86,518 114,828 66,518 65,991 65,534 64,608
Change - -37.7% 71.36% 32.72% -42.07% -0.79% -0.69% -1.41%
P/E 19.6x 9.09x 16.9x 20.4x 10.4x 12.3x 19.3x 14.1x
PBR 11.2x 6.09x 14.3x 18.8x 10.3x 7x 6.12x 4.91x
PEG - 0.3x 6.48x 1.2x 2.04x -1.1x -0.5x 0.4x
Capitalization / Revenue 3.34x 1.65x 2.73x 3.28x 1.62x 1.6x 1.53x 1.46x
EV / Revenue 3.46x 1.91x 3.08x 3.62x 2.04x 2.01x 1.91x 1.8x
EV / EBITDA 10.3x 5.79x 9.49x 11.1x 6.45x 6.7x 8.35x 7x
EV / EBIT 13.9x 7.49x 12.4x 14.4x 8.55x 9.27x 13.5x 10.3x
EV / FCF 14.4x 15.6x 14.7x 16.3x 12.2x 22.4x 19x 12.1x
FCF Yield 6.96% 6.42% 6.81% 6.13% 8.19% 4.47% 5.27% 8.24%
Dividend per Share 2 16 16 16 20 22 20.29 16.71 20
Rate of return 1.96% 3.28% 1.71% 1.52% 3.11% 2.73% 2.25% 2.69%
EPS 2 41.7 53.7 55.1 64.6 67.9 60.36 38.45 52.52
Distribution rate 38.4% 29.8% 29% 31% 32.4% 33.6% 43.5% 38.1%
Net sales 1 23,394 26,463 28,100 31,680 32,549 32,855 34,246 35,955
EBITDA 1 7,838 8,716 9,118 10,327 10,316 9,853 7,853 9,224
EBIT 1 5,839 6,743 7,000 7,974 7,783 7,120 4,865 6,256
Net income 1 4,160 5,029 4,740 5,227 5,241 4,578 2,956 3,973
Net Debt 1 2,882 6,794 9,770 11,008 13,719 13,543 13,086 12,160
Reference price 2 815.40 488.10 933.20 1,317.00 707.60 743.20 743.20 743.20
Nbr of stocks (in thousands) 95,851 89,522 82,242 78,830 74,617 70,570 - -
Announcement Date 09/02/22 08/02/23 07/01/24 04/02/25 04/02/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.91x4.53x16.11x2.05% 136B
77.78x5.41x51.05x0.34% 40.37B
10.66x1.22x7.83x6.91% 14.2B
6.64x1.38x5.02x10.46% 8.36B
10.84x0.17x2.83x5.51% 2.12B
10.01x1.17x6.1x8.67% 1.83B
19.14x - - - 1.7B
8.78x - - 6.78% 1.59B
55.47x - - 1.67% 1.55B
Average 25.36x 2.31x 14.83x 5.3% 23.08B
Weighted average by Cap. 35.88x 4.27x 21.80x 2.52%

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