A Business at a Glance
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| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.2B | 3.2B | 3.1B | 2.8B | 2.8B | 2.2B |
| Net Income | 346M | 346M | 262M | 295M | 401M | 175M |
| EPS | $1.59 | $1.59 | $1.84 | $1.42 | $1.82 | $0.72 |
| Free Cash Flow | 507M | 507M | 555M | 279M | 481M | 326M |
| ROIC | 40.4% | 14.9% | 15.6% | 14.6% | 22.5% | 8.8% |
| Gross Margin | 76.2% | 76.2% | 75.6% | 74.4% | 75.2% | 70.4% |
| Debt/Equity | 0.00 | 1.63 | 1.54 | 1.14 | 0.74 | 0.76 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 656M | 656M | 656M | 454M | 581M | 236M |
| Operating Margin | 20.2% | 20.2% | 20.9% | 16.3% | 20.5% | 10.6% |
| ROE | 25.3% | 25.3% | 19.3% | 24.3% | 31.7% | 13.7% |
| Shares Outstanding | 217M | 217M | 142M | 207M | 220M | 242M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 2.2B | 2.2B | 2.8B | 2.8B | 3.1B | 3.2B | 3.2B |
| Gross Margin | 75.8% | 70.4% | 75.2% | 74.4% | 75.6% | 76.2% | 76.2% |
| R&D | -168M | -194M | -181M | -186M | -178M | -202M | -202M |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 322M | 236M | 581M | 454M | 656M | 656M | 656M |
| Op. Margin | 14.4% | 10.6% | 20.5% | 16.3% | 20.9% | 20.2% | 20.2% |
| Net Income | 220M | 175M | 401M | 295M | 262M | 346M | 346M |
| Net Margin | 9.8% | 7.8% | 14.1% | 10.6% | 8.3% | 10.6% | 10.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 13.8% | 8.8% | 22.5% | 14.6% | 15.6% | 14.9% | 40.4% |
| ROE | 19.2% | 13.7% | 31.7% | 24.3% | 19.3% | 25.3% | 25.3% |
| ROA | 6.7% | 5.2% | 10.2% | 7.0% | 5.9% | 7.4% | 7.4% |
| Cash Flow | |||||||
| Op. Cash Flow | 322M | 404M | 570M | 371M | 649M | 591M | 591M |
| Free Cash Flow | 237M | 326M | 481M | 279M | 555M | 507M | 507M |
| Owner Earnings | 322M | 404M | 570M | 371M | 649M | 591M | 591M |
| CapEx | 86M | 78M | 89M | 92M | 94M | 83M | 83M |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | 83M |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | 26.6% | 19.3% | 15.6% | 24.7% | 14.4% | 14.1% | 14.1% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 142M | 30M | 508M | 260M | 123M | 333M | 333M |
| Buyback Yield | 1.9% | 0.3% | 4.9% | 4.8% | 2.0% | 4.1% | 0.8% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 13M | 13M | 382M | 387M | 981M | 727M | 727M |
| Balance Sheet | |||||||
| Net Debt | 677M | 820M | 751M | 1.2B | 1.9B | 2.1B | -161M |
| Cash & Equiv. | 119M | 147M | 186M | 160M | 166M | 161M | 161M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.69 | 0.76 | 0.74 | 1.14 | 1.54 | 1.63 | 0.00 |
| Interest Coverage | 7.7 | 6.6 | 15.0 | 8.8 | 5.3 | 4.9 | 4.9 |
| Equity | 1.1B | 1.3B | 1.3B | 1.2B | 1.4B | 1.4B | 1.4B |
| Total Assets | 3.3B | 3.4B | 3.9B | 4.2B | 4.4B | 4.7B | 4.7B |
| Total Liabilities | 2.1B | 2.1B | 2.7B | 3.0B | 3.1B | 3.3B | 3.3B |
| Intangibles | 1.2B | 1.3B | 1.4B | 1.4B | 1.7B | 1.9B | 1.9B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital | -289M | -106M | -490M | -219M | 367M | 457M | 457M |
| Current Assets | 1.0B | 1.0B | 1.3B | 1.4B | 1.4B | 1.5B | 1.5B |
| Current Liabilities | 1.3B | 1.1B | 1.7B | 1.6B | 999M | 1.1B | 1.1B |
| Per Share Data | |||||||
| EPS | 0.90 | 0.72 | 1.82 | 1.42 | 1.84 | 1.59 | 1.59 |
| Owner EPS | 1.32 | 1.67 | 2.59 | 1.79 | 4.56 | 2.72 | 2.72 |
| Book Value | 4.69 | 5.26 | 5.75 | 5.85 | 9.55 | 6.29 | 6.29 |
| Cash Flow/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.59 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 244.5M | 242.3M | 220.2M | 207.2M | 142.2M | 217.2M | 217.2M |
| Valuation | |||||||
| P/E Ratio | 34.8 | 53.1 | 26.1 | 18.3 | 23.8 | 23.3 | 127.4 |
| P/FCF | 32.3 | 28.5 | 21.8 | 19.3 | 11.2 | 15.9 | 86.8 |
| EV/EBIT | 25.8 | 42.9 | 19.3 | 14.6 | 12.4 | 15.5 | 66.9 |
| Price/Book | 6.7 | 7.3 | 8.3 | 4.5 | 4.6 | 5.9 | 32.2 |
| Price/Sales | 3.4 | 4.2 | 3.7 | 1.9 | 2.0 | 2.5 | 13.6 |
| FCF Yield | 3.1% | 3.5% | 4.6% | 5.2% | 8.9% | 6.3% | 1.2% |
| Market Cap | 7.6B | 9.3B | 10.5B | 5.4B | 6.2B | 8.1B | 44.0B |
| Avg. Price | 30.19 | 30.02 | 49.18 | 36.52 | 38.03 | 43.55 | 202.80 |
| Year-End Price | 31.26 | 38.32 | 47.50 | 26.10 | 43.82 | 37.14 | 202.80 |
Demant A/S passes 3 of 9 quality checks, indicating weak fundamentals.
Demant A/S trades at 127.4x trailing earnings, compared to its 15-year median P/E of 25.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 86.8x vs a median of 20.5x. The company's 5-year average ROIC is 15.3% with a gross margin of 74.4%. Total shareholder yield (buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +20.4%.
Demant A/S (DEMANT-CO) has a current P/E ratio of 127.4, compared to its historical median P/E of 25.0. The stock is currently considered Expensive based on its historical valuation range.
Demant A/S (DEMANT-CO) has a 5-year average return on invested capital (ROIC) of 15.3%. This indicates strong capital allocation and a potential competitive advantage.
Demant A/S (DEMANT-CO) has a market capitalization of $44.0B. It is classified as a large-cap stock.
Demant A/S (DEMANT-CO) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.76%.
Based on historical P/E analysis, Demant A/S (DEMANT-CO) appears expensive. The current P/E of 127.4 is 411% above its historical median of 25.0. The estimated fair value CAGR (P/E method) is 13.8%.
Demant A/S (DEMANT-CO) reported annual revenue of $3.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Demant A/S (DEMANT-CO) has a net profit margin of 10.6%. This is a healthy margin.
Demant A/S (DEMANT-CO) generated $507 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Demant A/S (DEMANT-CO) has a debt-to-equity ratio of 1.63. This indicates higher leverage, which may increase financial risk.
Demant A/S (DEMANT-CO) reported earnings per share (EPS) of $1.59 in its most recent fiscal year.
Demant A/S (DEMANT-CO) has a return on equity (ROE) of 25.3%. This indicates the company generates strong returns for shareholders.
Demant A/S (DEMANT-CO) has a 5-year average gross margin of 74.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for Demant A/S (DEMANT-CO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Demant A/S (DEMANT-CO) has a book value per share of $6.29, based on its most recent annual SEC filing.