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AMBU B: Dividend And Share Buybacks Will Drive Future Upside Potential

Update shared on 19 Dec 2025

Fair value Decreased 0.69%
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AnalystConsensusTarget's Fair Value
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1Y
-17.2%
7D
0.4%

Analysts have trimmed their price target for Ambu slightly, lowering fair value by about 1 dollar per share as modestly slower expected revenue growth and profit margins are only partly offset by a slightly higher future P/E multiple and lower discount rate.

What's in the News

  • Ambu has launched a new share repurchase program starting December 10, 2025, allowing buybacks of up to 10% of its share capital under a mandate valid until December 13, 2027 (company announcement)
  • The company announced an annual dividend of DKK 0.41 per share, payable on December 8, 2025, with an ex date of December 4 and record date of December 5, 2025 (company announcement)
  • For fiscal 2025/26, Ambu issued guidance for 10% to 13% organic growth and an EBIT margin of 12% to 14%, or 14% to 16% excluding roughly 2 percentage points of tariff impacts (company guidance)
  • Ambu reaffirmed its 2024/25 financial guidance, maintaining expectations for 12% to 14% organic revenue growth (company guidance)

Valuation Changes

  • Fair Value Estimate edged down slightly from DKK 115.59 to DKK 114.79 per share, reflecting a modestly lower fundamental valuation.
  • Discount Rate decreased marginally from 5.80% to 5.77%, indicating a slightly lower assumed risk profile in the valuation model.
  • Revenue Growth was trimmed modestly from 11.45% to 10.84% annually, pointing to a more conservative topline outlook.
  • Net Profit Margin eased slightly from 14.67% to 14.35%, incorporating expectations for somewhat softer profitability.
  • Future P/E rose slightly from 29.8x to 30.7x, implying a modestly higher valuation multiple applied to future earnings.

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Disclaimer

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