Danish Undervalued over 20% based on DCF

DSV

Market Cap: DKK 338.0b

Offers transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific.

Novozymes

Market Cap: DKK 195.9b

Produces and sells industrial enzymes, functional proteins, and microorganisms in Denmark, rest of Europe, North America, the Asia Pacific, the Middle East, Africa, Latin America, and internationally.

Coloplast

Market Cap: DKK 133.6b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Vestas Wind Systems

Market Cap: DKK 117.3b

Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.

Tryg

Market Cap: DKK 95.3b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Pandora

Market Cap: DKK 82.6b

Engages in the designing, manufacturing, and marketing of jewelry products.

Ringkjøbing Landbobank

Market Cap: DKK 35.4b

Provides various financial products and services in Denmark.

ISS

Market Cap: DKK 31.3b

Operates as workplace experience and facility management company in the United Kingdom, Ireland, the United States, Canada, Switzerland, Germany, Australia, New Zealand, Türkiye, Spain, Denmark, and internationally.

NKT

Market Cap: DKK 30.2b

Designs, manufactures, and installs low, medium, and high voltage power cable solutions in Denmark.

Ambu

Market Cap: DKK 24.5b

A medical technology company, develops, produces, and sells medical devices to hospitals, clinics, and rescue services worldwide.

Royal Unibrew

Market Cap: DKK 24.1b

Provides beer, soft drinks, malt beverages, energy drinks, cider/ready to drink, juice, water, and wine and spirits.

TORM

Market Cap: DKK 11.6b

A shipping company, owns and operates a fleet of product tankers in the United Kingdom.

Netcompany Group

Market Cap: DKK 11.1b

Provides business critical IT solutions to private and public customers in Denmark, Norway, the United Kingdom, the Netherlands, Greece, Belgium, Luxembourg, and internationally.

SJF Bank

Market Cap: DKK 5.3b

A savings bank, provides financial products and services to private and corporate customers.

Danske Andelskassers Bank

Market Cap: DKK 3.3b

Provides various banking products and services to private, small and medium-sized business, institutional, and agricultural customers in Denmark.

Trifork Group

Market Cap: DKK 1.8b

Provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally.

GrønlandsBANKEN

Market Cap: DKK 1.5b

Provides various financial services to private and business customers, and public institutions in Greenland.

Fynske Bank

Market Cap: DKK 1.2b

Provides banking products and services for private customers, and small and medium-sized businesses in Denmark.

Kreditbanken

Market Cap: DKK 1.2b

Provides various banking products and services to private and business customers in Southern Jutland, Denmark.

Prime Office

Market Cap: DKK 698.4m

Operates as a real estate company.

Hvidbjerg Bank

Market Cap: DKK 283.9m

Provides various banking products and services to private and business customers in Denmark.

Dataproces Group

Market Cap: DKK 246.2m

Provides IT and consulting services for municipalities in Denmark.