Buy Or Sell Opportunity • Jun 29
Now 186% overvalued after recent price rise Over the last 90 days, the stock has risen 1,368% to kr.2,613. The fair value is estimated to be kr.914, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Buy Or Sell Opportunity • Jun 12
Now 149% overvalued after recent price rise Over the last 90 days, the stock has risen 1,358% to kr.2,613. The fair value is estimated to be kr.1,050, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Buy Or Sell Opportunity • May 28
Now 138% overvalued after recent price rise Over the last 90 days, the stock has risen 1,135% to kr.2,613. The fair value is estimated to be kr.1,100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: €0.40 (vs €0.54 in 1Q 2025) First quarter 2026 results: EPS: €0.40 (down from €0.54 in 1Q 2025). Revenue: €907.0m (down 5.4% from 1Q 2025). Net income: €85.0m (down 27% from 1Q 2025). Profit margin: 9.4% (down from 12% in 1Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 12
Now 320% overvalued after recent price rise Over the last 90 days, the stock has risen 1,031% to kr.2,613. The fair value is estimated to be kr.622, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Annonce • May 12
Rockwool A/S Updates Earnings Guidance for the Year 2026 Rockwool A/S updated earnings guidance for the year 2026. For the year, the company expects revenue growth to be between 3% to 6%, changed from previously between 2% to 4%. EBIT margin is maintained between 13% to 14%.After a slow start of the year, affected by the weather in Europe, volume demand has picked up from March into the second quarter, and company expects the higher revenue level to continue in the second half of the year. Annonce • May 11
Rockwool A/S Revises Earnings Guidance for the Year 2026 dRockwool A/S revised earnings guidance for the year 2026. Based on this, the company forecast full-year revenue growth to be between 3%-6%, changed from previously between 2%-4%. New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 168% a day. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (168% average daily change). Dividend is not well covered by earnings and cash flows. Payout ratio: 440% Cash payout ratio: 91% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Upcoming Dividend • Apr 09
Upcoming dividend of kr.4.15 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 20 April 2026. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.7%). Buy Or Sell Opportunity • Mar 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to kr.172. The fair value is estimated to be kr.222, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. New Risk • Feb 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 68% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: €0.60 (vs €0.70 in 3Q 2024) Third quarter 2025 results: EPS: €0.60 (down from €0.70 in 3Q 2024). Revenue: €963.0m (flat on 3Q 2024). Net income: €122.0m (down 21% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 4 years, compared to a 6.6% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 04
Now 180% overvalued after recent price rise Over the last 90 days, the stock has risen 1,106% to kr.2,613. The fair value is estimated to be kr.933, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 0.03% per annum over the same time period. Buy Or Sell Opportunity • Jan 20
Now 144% overvalued after recent price rise Over the last 90 days, the stock has risen 1,023% to kr.2,613. The fair value is estimated to be kr.1,073, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 1.7% per annum over the same time period. Buy Or Sell Opportunity • Jan 05
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 1,013% to kr.2,613. The fair value is estimated to be kr.2,017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Buy Or Sell Opportunity • Dec 19
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 996% to kr.2,613. The fair value is estimated to be kr.2,037, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Annonce • Dec 06
Rockwool A/S, Annual General Meeting, Apr 15, 2026 Rockwool A/S, Annual General Meeting, Apr 15, 2026. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: €0.60 (vs €0.70 in 3Q 2024) Third quarter 2025 results: EPS: €0.60 (down from €0.70 in 3Q 2024). Revenue: €963.0m (flat on 3Q 2024). Net income: €122.0m (down 21% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 25
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 981% to kr.2,613. The fair value is estimated to be kr.2,150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 2.1% per annum over the same time period. Annonce • Nov 12
Rockwool A/S Adjusts Earnings Guidance for the Full-Year 2025 Rockwool A/S adjusted earnings guidance for the full-year 2025. For the period, the company expects an EBIT margin to be between 14% and 15%, compared to the previous outlook of an EBIT margin below 16%. Revenue is still expected to be at level with last year. Buy Or Sell Opportunity • Nov 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 828% to kr.2,613. The fair value is estimated to be kr.2,158, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Buy Or Sell Opportunity • Oct 20
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 828% to kr.2,613. The fair value is estimated to be kr.2,018, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period. Buy Or Sell Opportunity • Oct 03
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 817% to kr.2,613. The fair value is estimated to be kr.2,005, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Sep 18
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 830% to kr.2,613. The fair value is estimated to be kr.1,994, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Sep 03
Now 39% overvalued after recent price rise Over the last 90 days, the stock has risen 768% to kr.2,613. The fair value is estimated to be kr.1,876, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: €0.60 (vs €0.66 in 2Q 2024) Second quarter 2025 results: EPS: €0.60 (down from €0.66 in 2Q 2024). Revenue: €989.0m (down 2.1% from 2Q 2024). Net income: €122.0m (down 14% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 161% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 21
Rockwool A/S Revises Earnings Guidance for the Year 2025 Rockwool A/S revised earnings guidance for the year 2025. For the year, the company expects that its full-year revenue will be at level with last year in local currencies compared to the previous outlook of a low single-digit revenue growth in local currencies. Based on the first half of 2025 earnings level and the ongoing efforts, the company forecast an EBIT margin below 16% compared to the previous outlook of an EBIT margin around 16%. Buy Or Sell Opportunity • Aug 19
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 755% to kr.2,613. The fair value is estimated to be kr.2,057, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period. Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: Revenue: €960.0m (up 4.6% from 1Q 2024). Net income: €116.0m (flat on 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 01
Now 69% overvalued after recent price rise Over the last 90 days, the stock has risen 922% to kr.2,613. The fair value is estimated to be kr.1,543, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period. Buy Or Sell Opportunity • Apr 16
Now 57% overvalued after recent price rise Over the last 90 days, the stock has risen 942% to kr.2,613. The fair value is estimated to be kr.1,662, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are forecast to decline by 0.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr.2,531, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Building industry in the United Kingdom. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,779 per share. Upcoming Dividend • Mar 27
Upcoming dividend of kr.63.00 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 07 April 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.4%). New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Declared Dividend • Feb 19
Dividend of kr.63.00 announced Shareholders will receive a dividend of kr.63.00. Ex-date: 3rd April 2025 Payment date: 7th April 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 18
Rockwool A/S announces Annual dividend, payable on April 07, 2025 Rockwool A/S announced Annual dividend of DKK 63.0000 per share payable on April 07, 2025, ex-date on April 03, 2025 and record date on April 04, 2025. Annonce • Feb 08
Rockwool A/S (CPSE:ROCK B) announces an Equity Buyback for 900,000 shares, for MUR 150 million. Rockwool A/S (CPSE:ROCK B) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 Class B shares for MUR 150 million. The shares may not be purchased at a price that exceeds the highest of the share price of the most recent independent trade or the highest independent buyer’s bid in the Nasdaq Copenhagen market at the time of trading. The shares repurchased will be cancelled. The repurchase program will continue until February 5, 2026. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: €25.80 (vs €18.04 in FY 2023) Full year 2024 results: EPS: €25.80 (up from €18.04 in FY 2023). Revenue: €3.87b (up 6.9% from FY 2023). Net income: €550.0m (up 41% from FY 2023). Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: €7.20 (vs €5.10 in 3Q 2023) Third quarter 2024 results: EPS: €7.20 (up from €5.10 in 3Q 2023). Revenue: €958.0m (up 6.1% from 3Q 2023). Net income: €155.0m (up 42% from 3Q 2023). Profit margin: 16% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Oct 25
Rockwool A/S (CPSE:ROCK B) acquired Wetherby Building Systems Ltd. Rockwool A/S (CPSE:ROCK B) acquired Wetherby Building Systems Ltd on October 25, 2024.
Rockwool A/S (CPSE:ROCK B) completed the acquisition of Wetherby Building Systems Ltd on October 25, 2024. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: €6.60 (vs €4.70 in 2Q 2023) Second quarter 2024 results: EPS: €6.60 (up from €4.70 in 2Q 2023). Revenue: €1.01b (up 10% from 2Q 2023). Net income: €142.0m (up 39% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • Jul 19
Rockwool A/S Provides Earnings Guidance for the Year 2024 Rockwool A/S provided earnings guidance for the year 2024. For the year, the company expects sales remains unchanged with an expected growth of around mid-single-digit percent in local currencies. Annonce • Jun 26
Rockwool A/S Elects Janni Munkholm Nielsen as Employee Representative of the Board of Directors The Group-elected employee representative of the Board of Directors in ROCKWOOL A/S. The employees of ROCKWOOL have chosen that Janni Munkholm Nielsen shall represent them for the remaining election period until the Annual General Meeting in 2026, where new elections for employee-elected Board members will take place. Janni Munkholm Nielsen now joins, Connie Enghus Theisen and Christian Westerberg, as employee-elected Board members in ROCKWOOL A/S. Annonce • May 23
Rockwool A/S Announces Demise of Board Member Berit Kjerulf Rockwool A/S announced demise of Board member Berit Kjerulf. Fellow employees elected Berit to represent them on the Board of Directors in 2022. Berit had been employed at ROCKWOOL since 2005. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: €5.40 (vs €3.60 in 1Q 2023) First quarter 2024 results: EPS: €5.40 (up from €3.60 in 1Q 2023). Revenue: €920.0m (up 6.2% from 1Q 2023). Net income: €116.0m (up 49% from 1Q 2023). Profit margin: 13% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • May 16
Rockwool A/S Provides Earnings Guidance for the Year 2024 Rockwool A/S provided earnings guidance for the year 2024. For the year, the company expects Sales growth of around mid-single-digit percent in local currencies. EBIT margin around 15%. Annonce • Apr 11
Rockwool A/S Approves Dividend Rockwool A/S at its Annual General Meeting held on 10 April 2024, approved the dividends of DKK 43 (EUR 5.8) per share of a nominal value of DKK 10, corresponding to a total of EUR 125 million. Upcoming Dividend • Apr 04
Upcoming dividend of kr.43.00 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.5%). Annonce • Feb 29
Rockwool A/S Announces CEO Changes Jens Birgersson will continue as CEO until Jes Munk Hansen, currently CEO at Terma, joins ROCKWOOL, latest 1 September 2024. Successor Jes Munk Hansen has more than 20 years' experience from the building materials industry with a focus on energy efficiency and sustainability. Prior to joining Terma, Jes had substantial international leadership experience, and has among other things lived in the United States, where he was in charge of Grundfos' North America business for five years. Subsequently, he held a number of leadership positions in OSRAM as well as being CEO for LEDVANCE. He is Vice Chairman in the Confederation of Danish Industries and Board member in WSAudiology and has also been on the ROCKWOOL Board for the past year. Jes Munk Hansen will stand for re-election to the ROCKWOOL Board at the next Annual General Meeting and will first step down from the Board in connection with taking over as CEO. Jes Munk Hansen is 56 years-old, married, with four children. The family lives in Copenhagen. He has Danish and American citizenship and earned a Master of Science degree at Copenhagen University and an MBA from London Business School. Annonce • Feb 24
Rockwool A/S to Report Q2, 2024 Results on Jul 26, 2024 Rockwool A/S announced that they will report Q2, 2024 results on Jul 26, 2024 Declared Dividend • Feb 18
Dividend of kr.43.00 announced Shareholders will receive a dividend of kr.43.00. Ex-date: 11th April 2024 Payment date: 15th April 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 09
Rockwool A/S (CPSE:ROCK B) announces an Equity Buyback for 1,200,000 shares, for €160 million. Rockwool A/S (CPSE:ROCK B) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 Class B shares for €160 million. The shares may not be purchased at a price that exceeds the highest of the share price of the most recent independent trade or the highest independent buyer’s bid in the Nasdaq Copenhagen market at the time of trading. The shares repurchased will be cancelled. The repurchase program will continue until February 7, 2025. Reported Earnings • Feb 08
Full year 2023 earnings released Full year 2023 results: Revenue: €3.64b (down 7.0% from FY 2022). Net income: €389.0m (up 43% from FY 2022). Profit margin: 11% (up from 7.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Building industry in the United Kingdom. Annonce • Nov 23
Rockwool A/S Provides Earnings Guidance for the Year 2023 Rockwool A/S provides earnings guidance for the year 2023. The company expects Sales decline of 4%-5% in local currencies, changed from previously up to eight percent. EBIT margin around 14%, changed from previously around 13%. Reported Earnings • Nov 23
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €904.0m (down 11% from 3Q 2022). Net income: €109.0m (up 142% from 3Q 2022). Profit margin: 12% (up from 4.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Building industry in the United Kingdom. Reported Earnings • Sep 02
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €917.0m (down 9.9% from 2Q 2022). Net income: €102.0m (up 65% from 2Q 2022). Profit margin: 11% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Building industry in the United Kingdom. Annonce • Jul 07
Rockwool A/S Provides Earnings Guidance for the Full Year 2023 Rockwool A/S provided earnings guidance for the full year 2023. For the year, the company expects the EBIT margin to improve to around 12% from the previous outlook of around 10%. Full year outlook for a sales decline of up to 10% in local currencies and investment level around EUR 400 Million excluding acquisitions are maintained. Annonce • May 11
Rockwool A/S Provides Revenue Outlook for 2023 Rockwool A/S provided revenue Outlook for 2023. For the year, the company expects Sales decline of up to 10% in local currencies. Reported Earnings • May 10
First quarter 2023 earnings released First quarter 2023 results: Revenue: €872.0m (down 5.6% from 1Q 2022). Net income: €78.0m (up 24% from 1Q 2022). Profit margin: 8.9% (up from 6.8% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Building industry in the United Kingdom. Upcoming Dividend • Mar 23
Upcoming dividend of kr.35.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.0%). Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: €12.66 (vs €14.05 in FY 2021) Full year 2022 results: EPS: €12.66 (down from €14.05 in FY 2021). Revenue: €3.91b (up 27% from FY 2021). Net income: €273.0m (down 9.9% from FY 2021). Profit margin: 7.0% (down from 9.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Annonce • Feb 09
Rockwool A/S Provides Earnings Guidance for the Year 2023 Rockwool A/S provided earnings guidance for the year 2023. For the year, Sales decline of up to 10% in local currencies. EBIT margin in the range of 8% to 10%. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr.1,689, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Building industry in the United Kingdom. Total returns to shareholders of 2.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,060 per share. Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €1.01b (up 27% from 3Q 2021). Net income: €45.0m (down 43% from 3Q 2021). Profit margin: 4.4% (down from 9.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Rebekka Herlofsen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: €2.90 (vs €3.90 in 2Q 2021) Second quarter 2022 results: EPS: €2.90 (down from €3.90 in 2Q 2021). Revenue: €1.02b (up 31% from 2Q 2021). Net income: €62.0m (down 26% from 2Q 2021). Profit margin: 6.1% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.7%, compared to a 8.6% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr.1,597, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Building industry in the United Kingdom. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.2,000 per share. Buying Opportunity • Aug 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be kr.2,088, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 4.7% per annum over the same time period. Buying Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be kr.2,127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 15% share price gain to kr.1,784, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Building industry in the United Kingdom. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.2,098 per share. Buying Opportunity • Jun 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be kr.2,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 16% share price gain to kr.1,987, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Building industry in the United Kingdom. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.2,553 per share. 
