MT Højgaard Holding（MTHH）株式概要MTホイスガード・ホールディング社（MT Højgaard Holding A/S）は、デンマーク国内外の民間および公共顧客向けに建設、土木、インフラストラクチャー・サービスを提供している。 詳細MTHH ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6過去の実績2/6財務の健全性6/6配当金2/6報酬当社が推定した公正価値より76.6%で取引されている 収益は年間12.36%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析高いレベルの非現金収入 Danish市場と比較した過去 3 か月間の株価の変動3.51%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るMTHH Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueDKK Current PriceDKK 284.5010.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-281m13b2016201920222025202620282031Revenue DKK 12.6bEarnings DKK 378.7mAdvancedSet Fair ValueView all narrativesMT Højgaard Holding A/S 競合他社Per Aarsleff HoldingSymbol: CPSE:PAAL BMarket cap: DKK 14.0bBrødrene A & O JohansenSymbol: CPSE:AOJ BMarket cap: DKK 2.4bSolarSymbol: CPSE:SOLAR BMarket cap: DKK 1.5bPatel EngineeringSymbol: BSE:531120Market cap: ₹31.9b価格と性能株価の高値、安値、推移の概要MT Højgaard Holding過去の株価現在の株価DKK 284.5052週高値DKK 559.0052週安値DKK 265.00ベータ0.671ヶ月の変化-10.95%3ヶ月変化-21.95%1年変化-17.89%3年間の変化169.67%5年間の変化35.48%IPOからの変化259.22%最新ニュースValuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.276, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 130% over the past three years.Reported Earnings • May 11First quarter 2026 earnings: Revenues miss analyst expectationsFirst quarter 2026 results: Revenue: kr.2.15b (down 18% from 1Q 2025). Net income: kr.52.0m (down 27% from 1Q 2025). Profit margin: 2.4% (down from 2.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 22Price target decreased by 12% to kr.510Down from kr.580, the current price target is an average from 2 analysts. New target price is 42% above last closing price of kr.359. Stock is up 45% over the past year. The company is forecast to post earnings per share of kr.39.35 for next year compared to kr.40.52 last year.Board Change • Apr 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Torben Bender was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 16Upcoming dividend of kr.10.00 per shareEligible shareholders must have bought the stock before 23 March 2026. Payment date: 25 March 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 78%. Trailing yield: 2.6%. Lower than top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (3.1%).Declared Dividend • Feb 25Dividend increased to kr.10.00Dividend of kr.10.00 is 54% higher than last year. Ex-date: 23rd March 2026 Payment date: 25th March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (78% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.276, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 130% over the past three years.Reported Earnings • May 11First quarter 2026 earnings: Revenues miss analyst expectationsFirst quarter 2026 results: Revenue: kr.2.15b (down 18% from 1Q 2025). Net income: kr.52.0m (down 27% from 1Q 2025). Profit margin: 2.4% (down from 2.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 22Price target decreased by 12% to kr.510Down from kr.580, the current price target is an average from 2 analysts. New target price is 42% above last closing price of kr.359. Stock is up 45% over the past year. The company is forecast to post earnings per share of kr.39.35 for next year compared to kr.40.52 last year.Board Change • Apr 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Torben Bender was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 16Upcoming dividend of kr.10.00 per shareEligible shareholders must have bought the stock before 23 March 2026. Payment date: 25 March 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 78%. Trailing yield: 2.6%. Lower than top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (3.1%).Declared Dividend • Feb 25Dividend increased to kr.10.00Dividend of kr.10.00 is 54% higher than last year. Ex-date: 23rd March 2026 Payment date: 25th March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (78% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 24Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr.40.88 (down from kr.46.11 in FY 2024). Revenue: kr.10.2b (down 4.2% from FY 2024). Net income: kr.313.0m (down 12% from FY 2024). Profit margin: 3.1% (down from 3.3% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to kr.433, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 177% over the past three years.お知らせ • Feb 21+ 1 more updateMt Højgaard Holding A/S Proposes Dividend for the Year 2025MT Højgaard Holding A/S announced that, the Board of Directors proposes to pay dividend of DKK 10 per share, corresponding to 29% of the profit for the year.お知らせ • Jan 28Mt Højgaard Holding A/S N Announces Resignation of Pernille Fabricius from the Board of DirectorMT Højgaard Holding A/S announced that Pernille Fabricius will resign at the general meeting after serving 12 years on the board of directors.New Risk • Jan 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.5% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr.509, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 264% over the past three years.お知らせ • Dec 14Vvs & El Firmaet A/S entered into an agreement to acquire Arssarnerit A/S from MT Højgaard Holding A/S (CPSE:MTHH).Vvs & El Firmaet A/S entered into an agreement to acquire Arssarnerit A/S from MT Højgaard Holding A/S (CPSE:MTHH) on December 12, 2025. The sale is expected to be completed in the second quarter of 2026, subject to the approval of the competition authorities.Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr.2.40b (down 7.3% from 3Q 2024). Net income: kr.89.5m (down 1.4% from 3Q 2024). Profit margin: 3.7% (up from 3.5% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 12MT Højgaard Holding A/S Maintains Earnings Guidance for the Year 2025MT Højgaard Holding A/S maintained earnings guidance for the year 2025. For the year, the company revenue is forecasted to be DKK 10.0 million to DKK 10.5 billion. Operating profit (EBIT) is expected to be DKK 400 million to DKK 450 million.お知らせ • Oct 07+ 3 more updatesMT Højgaard Holding A/S to Report Q2, 2026 Results on Aug 27, 2026MT Højgaard Holding A/S announced that they will report Q2, 2026 results on Aug 27, 2026分析記事 • Sep 01MT Højgaard Holding's (CPH:MTHH) Shareholders Have More To Worry About Than Only Soft EarningsInvestors were disappointed by MT Højgaard Holding A/S' ( CPH:MTHH ) latest earnings release. Our analysis has found...お知らせ • Aug 21MT Højgaard Holding A/S Approves Board ChangesMT Højgaard Holding A/S at its EGM held on August 18, 2025 approved the following: The Board members Anders Lindberg and Janda Campos stepped down from the Board. The general meeting elected Christian Poulsen and Marie Louise Hansen as new members of the Board of Directors. The Board of Directors hereby consists of: Elected at the general meeting: Morten Hansen (Chairman), Knut Akselvoll (Vice Chairman), Christine Thorsen, Pernille Fabricius, Christian Poulsen, Marie Louise Hansen, Elected employee representatives: Jimmy Laursen, Lars Tesch Olsen.Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr.2.68b (flat on 2Q 2024). Net income: kr.74.6m (down 7.4% from 2Q 2024). Profit margin: 2.8% (down from 3.0% in 2Q 2024). 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 41% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jun 19MT Højgaard Holding A/S (CPH:MTHH) Stock Rockets 27% But Many Are Still Ignoring The CompanyThe MT Højgaard Holding A/S ( CPH:MTHH ) share price has done very well over the last month, posting an excellent gain...お知らせ • Mar 20MT Højgaard Holding A/S Announces MT Højgaard Property Development Integrated into Mt Højgaard DanmarkThe board of directors of MT Højgaard Holding has decided to transfer all activities in MT Højgaard Property Development to business unit MT Højgaard Danmark. The activities are integrated into MT Højgaard Danmark, which will carry on project development and operations in public-private partnership projects while maintaining the current focus on executing projects in civil works, infrastructure, construction and refurbishment. The combination of development and execution competencies in one joint organisation strengthens MT Højgaard Danmark’s competencies, synergies and position within development of larger construction projects in Denmark. The integration will furthermore entail lower complexity and costs at group level, while facilitating coordination and prioritisation of the group’s capital commitments. The integration will be completed through a transfer of ownership of MT Højgaard Property Development to MT Højgaard Danmark. The group will be comprised of the two business units MT Højgaard Danmark and Enemærke & Petersen. At the end of 2024, MT Højgaard Property Development’s order book amounted to DKK 403 million. The decision does not impact existing or planned projects or service assignments, which will be completed by MT Højgaard Danmark.お知らせ • Mar 19MT Højgaard Holding A/S Reaffirms Earnings Guidance for the Year 2025MT Højgaard Holding A/S reaffirmed earnings guidance for the year 2025. For the year, the company unchanged with revenue expected around DKK 10 billion to DKK 10.5 billion and operating profit (EBIT) of DKK 400 million to DKK 450 million.Upcoming Dividend • Mar 13Upcoming dividend of kr.6.50 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 24 March 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Danish dividend payers (5.7%). Lower than average of industry peers (3.7%).New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.5% 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 High level of non-cash earnings (100% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).分析記事 • Mar 02We Think That There Are Issues Underlying MT Højgaard Holding's (CPH:MTHH) EarningsMT Højgaard Holding A/S ( CPH:MTHH ) announced strong profits, but the stock was stagnant. Our analysis suggests that...Recent Insider Transactions • Feb 28CEO & Member of the Executive Board recently sold kr.316k worth of stockOn the 25th of February, Rasmus Untidt sold around 1k shares on-market at roughly kr.316 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rasmus has been a net seller over the last 12 months, reducing personal holdings by kr.1.0m.お知らせ • Feb 28MT Højgaard Holding A/S Announces Board of Directors ChangesMT Højgaard Holding A/S announced that the employees of the group on 27 February 2025 held elections for the board of directors. Jimmy Laursen of MT Højgaard Danmark A/S has been newly elected to the board. The employee representatives have been elected for a 4-year period from the annual general meeting on 19 March 2025 at which time the current employee-elected board member Peter Martin Facius will step down.New Risk • Feb 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (100% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Feb 20Full year 2024 earnings released: EPS: kr.46.07 (vs kr.39.59 in FY 2023)Full year 2024 results: EPS: kr.46.07 (up from kr.39.59 in FY 2023). Revenue: kr.10.7b (up 9.1% from FY 2023). Net income: kr.356.5m (up 17% from FY 2023). Profit margin: 3.3% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.分析記事 • Dec 09The Market Lifts MT Højgaard Holding A/S (CPH:MTHH) Shares 33% But It Can Do MoreMT Højgaard Holding A/S ( CPH:MTHH ) shares have continued their recent momentum with a 33% gain in the last month...New Risk • Nov 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 67% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (67% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Nov 15Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr.2.59b (flat on 3Q 2023). Net income: kr.90.8m (up kr.115.6m from 3Q 2023). Profit margin: 3.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 14MT Højgaard Holding A/S Upgrades Earnings Guidance for 2024MT Højgaard Holding A/S upgrades earnings guidance for 2024. For the year, Revenue is now expected to be around DKK 10.5 billion (previous outlook: DKK 10- DKK 10.5 billion) and thus around 7% higher than in 2023. Operating profit (EBIT) is now expected to be DKK 440- DKK 460 million (previous outlook: DKK 400- DKK 425 million) corresponding to an improvement of 13-18% compared to 2023.お知らせ • Oct 16+ 4 more updatesMT Højgaard Holding A/S, Annual General Meeting, Mar 19, 2025MT Højgaard Holding A/S, Annual General Meeting, Mar 19, 2025.Buy Or Sell Opportunity • Oct 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to kr.219. The fair value is estimated to be kr.179, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 9.8% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.New Risk • Oct 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 5.5% 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 4.0% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).お知らせ • Sep 26Mt Højgaard Holding A/S Announces CEO ChangesThe Board of Directors of MT Højgaard Holding has effective 25 September 2024 appointed current CFO Rasmus Untidt as CEO. Rasmus Untidt replaces Steffen Baungaard whom will be available in a transition period. The Executive Board of MT Højgaard Holding is hereafter comprised of Rasmus Untidt. Rasmus Untidt joined the group in 2014 as responsible for strategy and business development, and he became part of group management in April 2022 as Chief Strategy Officer. In December 2022, his areas of responsibility were expanded to include finance when he was appointed CFO and member of the Executive Board from where he has contributed to define the strategic and financial framework for the group’s long-term development. He is a board member of all significant group companies. The Board of Directors extends its appreciation with Steffen Baungaard’s efforts in MT Højgaard Holding since March 2021, initially as a member of the Board of Directors and as group CEO from November 2023.Buy Or Sell Opportunity • Sep 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to kr.216. The fair value is estimated to be kr.178, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 9.8% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.分析記事 • Aug 31MT Højgaard Holding's (CPH:MTHH) Earnings May Just Be The Starting PointMT Højgaard Holding A/S ( CPH:MTHH ) recently posted some strong earnings, and the market responded positively. We did...Reported Earnings • Aug 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr.2.66b (up 2.6% from 2Q 2023). Net income: kr.80.6m (up kr.76.4m from 2Q 2023). Profit margin: 3.0% (up from 0.2% in 2Q 2023). Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.9%.分析記事 • Aug 23Benign Growth For MT Højgaard Holding A/S (CPH:MTHH) Underpins Its Share PriceWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 17x, you may consider MT...Major Estimate Revision • Aug 23Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr.10.2b to kr.10.5b. EPS estimate fell from kr.27.06 to kr.23.16 per share. Net income forecast to shrink 41% next year vs 11% growth forecast for Construction industry in Denmark . Consensus price target of kr.180 unchanged from last update. Share price rose 15% to kr.190 over the past week.Buy Or Sell Opportunity • Aug 23Now 28% overvaluedOver the last 90 days, the stock has fallen 2.8% to kr.190. The fair value is estimated to be kr.148, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to decline by 9.4% in 2 years. Earnings are forecast to decline by 20% in the next 2 years.お知らせ • Aug 22MT Højgaard Holding A/S Maintains Earnings Guidance for the Full-Year 2024MT Højgaard Holding maintained its full-year guidance for 2024 based on the results for the first half of the year and prospects of an unchanged level of activity in the second half of the year: Revenue is still forecast to be in the DKK 10 billion - DKK 10.5 billion range, corresponding to growth of 2%-7%. Operating profit (EBIT) is still expected to be in the range of DKK 400 million - DKK 425 million, which will be an improvement of 3%-9%.Recent Insider Transactions • May 21Key Executive recently sold kr.721k worth of stockOn the 17th of May, Rasmus Untidt sold around 3k shares on-market at roughly kr.207 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rasmus' only on-market trade for the last 12 months.Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr.2.29b (flat on 1Q 2023). Net income: kr.71.0m (up 299% from 1Q 2023). Profit margin: 3.1% (up from 0.8% in 1Q 2023). Revenue is expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.3%.Major Estimate Revision • May 17Consensus EPS estimates fall by 31%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr.39.36 to kr.27.06 per share. Revenue forecast steady at kr.10.2b. Net income forecast to grow 1.5% next year vs 16% growth forecast for Construction industry in Denmark. Consensus price target of kr.180 unchanged from last update. Share price rose 5.9% to kr.214 over the past week.お知らせ • May 17MT Højgaard Holding A/S Provides Earnings Guidance for the Year 2024MT Højgaard Holding A/S provided earnings guidance for the year 2024. For the year, revenue is still forecast to be in the DKK 10 billion - DKK 10.5 billion range, or marginally higher than in 2023. Operating profit (EBIT) is still expected to be in the range of DKK 400 million -DKK 425 million, which will be an improvement of 3%-9% relative to 2023. Based on the known phasing of projects and orders, revenue and operating profit are still expected to peak in the second half of the year.Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 54% to kr.203. The fair value is estimated to be kr.169, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings are also forecast to decline by 2.8% per annum over the same time period.分析記事 • Apr 18Should You Be Adding MT Højgaard Holding (CPH:MTHH) To Your Watchlist Today?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...お知らせ • Mar 21MT Højgaard Holding A/S Elects Knut Akselvoll as Member of Board of DirectorsMT Højgaard Holding A/S on 19 March 2024 the Annual General Meeting elected Knut Akselvoll as a new member of the Board of Directors.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr.198, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 1.8% over the past three years.分析記事 • Mar 18MT Højgaard Holding A/S' (CPH:MTHH) Price Is Right But Growth Is Lacking After Shares Rocket 31%Despite an already strong run, MT Højgaard Holding A/S ( CPH:MTHH ) shares have been powering on, with a gain of 31% in...Reported Earnings • Feb 23Full year 2023 earnings released: EPS: kr.39.54 (vs kr.16.86 in FY 2022)Full year 2023 results: EPS: kr.39.54 (up from kr.16.86 in FY 2022). Revenue: kr.9.79b (up 13% from FY 2022). Net income: kr.304.5m (up 135% from FY 2022). Profit margin: 3.1% (up from 1.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Feb 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 45% to kr.162. The fair value is estimated to be kr.132, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to decline by 4.2% per annum. Earnings are also forecast to decline by 2.7% per annum over the same time period.分析記事 • Feb 02MT Højgaard Holding A/S (CPH:MTHH) Looks Just Right With A 28% Price JumpDespite an already strong run, MT Højgaard Holding A/S ( CPH:MTHH ) shares have been powering on, with a gain of 28% in...Valuation Update With 7 Day Price Move • Jan 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to kr.139, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 20% over the past three years.お知らせ • Dec 30MT Højgaard Holding A/S Announces Resignation of Stine Marie Søderdahl Friis to Its Board of DirectorsMT Højgaard Holding A/S announced employee-elected board member Stine Marie Søderdahl Friis has left the board of directors of the company.分析記事 • Dec 15MT Højgaard Holding (CPH:MTHH) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Nov 30+ 1 more updateMT Højgaard Holding A/S Announces CEO ChangesThe Board of Directors of MT Højgaard Holding has effective immediately hired Steffen Baungaard as new group CEO. He replaces Henrik Mielke whom will continue to be associated with the group in a transition period and complete ongoing assignments. Steffen Baungaard is a professional board member with strong strategic competencies and deep insight into the value chain of the construction industry. He has around 25 years of experience from positions as CEO of HusCompagniet and group executive director at NCC Danmark as well as board work in several Nordic construction and civil works companies and suppliers to the industry. Steffen Baungaard has been an independent member of the Board of Directors of MT Højgaard Holding since 2021 and has detailed knowledge about the group’s strategic opportunities and challenges. As a member of the Board of Directors’ international committee, he has most recently played a key role in the completion of the strategic process for MT Højgaard International and the decision to wind down the business unit to focus on the group’s profitable and growing Danish core business (company announcement no. 14/2023). Henrik Mielke been group CEO of MT Højgaard Holding since 15 March 2022. Prior to that, he was CEO of business unit Enemærke & Petersen for seven years.Recent Insider Transactions • Nov 19President recently sold kr.377k worth of stockOn the 14th of November, Henrik Mielke sold around 3k shares on-market at roughly kr.118 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Henrik's only on-market trade for the last 12 months.お知らせ • Oct 28MT Højgaard Holding A/S Provides Earnings Guidance for the Full Year 2023MT Højgaard Holding A/S provided earnings guidance for the full year 2023. Revenue is expected to be DKK 9.5-10 billion (previously: around DKK 10 billion) with an operating profit before special items around DKK 400 million (previously: DKK 200-225 million before special items and potential value adjustments).お知らせ • Oct 19+ 4 more updatesMT Højgaard Holding A/S to Report Q1, 2024 Results on May 16, 2024MT Højgaard Holding A/S announced that they will report Q1, 2024 results on May 16, 2024New Risk • Aug 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (1.1% net profit margin).Major Estimate Revision • Aug 29Consensus EPS estimates fall by 28%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr.9.24b to kr.9.42b. EPS estimate fell from kr.19.16 to kr.13.75 per share. Net income forecast to shrink 7.2% next year vs 16% growth forecast for Construction industry in Denmark . Consensus price target of kr.172 unchanged from last update. Share price fell 3.8% to kr.100.00 over the past week.お知らせ • Aug 25MT Højgaard Holding A/S Provides Earnings Guidance for the Full Year 2023MT Højgaard Holding A/S provided earnings guidance for the full year 2023. The full-year outlook is maintained and supported by the strong order book. Revenue is still expected to increase to DKK 9.0-9.5 billion. Operating profit before special items and any value adjustments is still expected to be DKK 200-225 million. Earnings from the Danish core business are expected to improve because of higher revenue, but the improvement will be set off by a considerable loss from the international activities. About 95% of the expected contract revenue had been contracted at the end of the first half of 2023.Major Estimate Revision • Aug 24Consensus EPS estimates fall by 38%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr.9.24b to kr.9.03b. EPS estimate also fell from kr.19.16 per share to kr.11.90 per share. Net income forecast to shrink 10% next year vs 17% growth forecast for Construction industry in Denmark . Consensus price target of kr.172 unchanged from last update. Share price was steady at kr.103 over the past week.お知らせ • Jun 10MT Højgaard Holding A/S Revises Earnings Guidance for the Full Year 2023MT Højgaard Holding A/S revised earnings guidance for the full year 2023. Based on the sharpening of the group’s strategic focus and deteriorating results in MT Højgaard International, the company adjusts the 2023 outlook and now expects operating profit to come to DKK 200 million - DKK 225 million before special items and potential value adjustments related to the strategic process against the previous operating profit guidance of DKK 300 million - DKK 325 million. Revenue is still expected at the level of DKK 9.0 billion - DKK 9.5 billion. The downwards adjustment is solely due to the international activities, which comprised just 7% of group revenue in the first quarter of 2023.お知らせ • May 11MT Højgaard Holding A/S Provides Earnings Guidance for the Year 2023MT Højgaard Holding A/S provided earnings guidance for the year 2023. For the year, revenue is still expected to increase by 4%-10% to DKK 9.0 billion- DKK 9.5 billion. Operating profit before special items is still expected to increase by 9% -18% to DKK 300 billion- DKK 325 million.お知らせ • Jan 04MT Højgaard Holding A/S(CPSE:MTHH) dropped from OMX Nordic Small Cap IndexHøjgaard Holding A/S has been dropped from OMX Nordic Small Cap Index .お知らせ • Dec 23Mt Højgaard Holding A/S Revises Consolidated Earnings Guidance for the Year 2022MT Højgaard Holding A/S revised consolidated earnings guidance for the year 2022. The board of directors of the company has decided to initiate a sales process for Scandi Byg after an extensive strategic review. As a consequence of the decision, Scandi Byg will not be included in revenue and operating profit in the consolidated financial statements for 2022, but be classified as discontinuing activities. On this background, the group adjusts its expectations to the 2022 operating profit before special items to a level of DKK 260 million (previously: DKK 215 million - DKK 240 million including the expected operating loss in Scandi Byg). Group revenue is still expected to be around DKK 8.5 billion in 2022 even though Scandi Byg’s expected revenue of around DK 335 million will no longer be included.お知らせ • Dec 09MT Højgaard Holding A/S Announces Management ChangesRasmus Untidt takes up the position as CFO of MT Højgaard Holding on December 9th, 2022. He succeeds Martin Solberg who has wished to step down. The Executive Board will be comprised by CEO Henrik Mielke and CFO Rasmus Untidt. For more than 8 years, Rasmus Untidt has been the head of MT Højgaard Holding’s business strategy development through which he has played a key role in the group’s strategic acquisitions and sales by which the group has concentrated its line of business and increased its cost-effectiveness. In April 2022 he became a part of the group management when he was appointed Chief Strategy Officer (CSO) which included the responsibility for the group’s sustainability strategy.Price Target Changed • Nov 16Price target decreased to kr.166Down from kr.285, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of kr.153. Stock is down 27% over the past year. The company is forecast to post earnings per share of kr.10.02 for next year compared to kr.17.32 last year.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Morten Hansen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 11MT Højgaard Holding A/S Provides Earnings Guidance for the Fiscal Year 2022MT Højgaard Holding A/S provided earnings guidance for the fiscal year 2022. for the year, the company expects revenue to be around DKK 8.5 billion. This will correspond to a growth rate of around 18%, compared with 2021 and Operating profit before special items is still expected to be DKK 215-240 million. This will correspond to an improvement of 20-34%, compared with 2021.Reported Earnings • Aug 27Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr.2.21b (up 27% from 2Q 2021). Net income: kr.27.7m (up kr.28.9m from 2Q 2021). Profit margin: 1.3% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 2.3%, compared to a 5.4% growth forecast for the Construction industry in Denmark. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 25MT Højgaard Holding A/S Revises Earnings Guidance for the Full Year 2022MT Højgaard Holding A/S revised earnings guidance for the full year 2022. The outlook for the financial year has been adjusted due to the challenges faced by Scandi Byg and MT Højgaard International. The other business units, especially MT Højgaard Danmark, are still expected to improve their earnings in 2022. Revenue is now expected to be around DKK 8.5 billion (previously: DKK 8.0-8.2 billion), following growth of about 18% in the first half of 2022. Operating profit before special items is now expected to be DKK 215-240 million. This will correspond to an improvement of 20-34% compared to 2021. Based on the known phasing of projects and orders, earnings are expected to continue to rise in the second half of 2022 as utilisation of capacity improves and more projects proceed from the preparatory phase to the construction phase, and moreover MT Højgaard Projektudvikling is expected to sell more projects developed in-house.分析記事 • Jun 23Slammed 31% MT Højgaard Holding A/S (CPH:MTHH) Screens Well Here But There Might Be A CatchThe MT Højgaard Holding A/S ( CPH:MTHH ) share price has fared very poorly over the last month, falling by a...Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to kr.114, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 52% over the past three years.分析記事 • Jun 04Is It Time To Consider Buying MT Højgaard Holding A/S (CPH:MTHH)?MT Højgaard Holding A/S ( CPH:MTHH ), is not the largest company out there, but it saw a decent share price growth in...Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 26% share price gain to kr.170, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 143% over the past three years.お知らせ • May 13Mt Højgaard Holding A/S Reaffirms Earnings Guidance for the Full year 2022MT Højgaard Holding A/S Reaffirmed earnings guidance for the full year 2022. For the year, the company Revenue is still expected to be around DKK 8.0 million - DKK 8.2 billion, Operating profit before special items is still expected to be around DKK 250 million - DKK 275 million.分析記事 • May 12We Think MT Højgaard Holding (CPH:MTHH) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Morten Hansen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 24Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: kr.17.29 (up from kr.1.68 in FY 2020). Revenue: kr.7.20b (up 21% from FY 2020). Net income: kr.133.8m (up kr.120.7m from FY 2020). Profit margin: 1.9% (up from 0.2% in FY 2020). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 12%, compared to a 8.5% growth forecast for the industry in Denmark. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.株主還元MTHHDK ConstructionDK 市場7D-0.7%0.9%3.7%1Y-17.9%37.9%-14.1%株主還元を見る業界別リターン: MTHH過去 1 年間で37.9 % の収益を上げたDanish Construction業界を下回りました。リターン対市場: MTHHは、過去 1 年間で-14.1 % のリターンを上げたDanish市場を下回りました。価格変動Is MTHH's price volatile compared to industry and market?MTHH volatilityMTHH Average Weekly Movement7.1%Construction Industry Average Movement5.0%Market Average Movement4.8%10% most volatile stocks in DK Market8.1%10% least volatile stocks in DK Market2.5%安定した株価: MTHHの株価は、 Danish市場と比較して過去 3 か月間で変動しています。時間の経過による変動: MTHHの weekly volatility ( 7% ) は過去 1 年間安定していますが、依然としてDanishの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19182,858Rasmus Untidtmthh.dkMT Højgaard Holding A/S社は、デンマーク国内および海外において、民間および公共顧客向けの建設、土木、インフラストラクチャー・サービスの提供に従事している。また、土地・建物の販売、不動産・都市開発プロジェクトの開発、設計コンサルタント、顧客コンサルタント、サステナビリティ・コンサルタントなどのコンサルタント・サービスの提供にも従事している。同社は1918年に設立され、デンマークのソーボリに本社を置いている。もっと見るMT Højgaard Holding A/S 基礎のまとめMT Højgaard Holding の収益と売上を時価総額と比較するとどうか。MTHH 基礎統計学時価総額DKK 2.19b収益（TTM）DKK 294.00m売上高(TTM)DKK 9.76b7.5xPER（株価収益率0.2xP/SレシオMTHH は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MTHH 損益計算書（TTM）収益DKK 9.76b売上原価DKK 8.99b売上総利益DKK 764.00mその他の費用DKK 470.00m収益DKK 294.00m直近の収益報告Mar 31, 2026次回決算日Aug 27, 2026一株当たり利益（EPS）38.14グロス・マージン7.83%純利益率3.01%有利子負債／自己資本比率1.2%MTHH の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.5%現在の配当利回り26%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/22 18:33終値2026/06/19 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MT Højgaard Holding A/S 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Laurits KjaergaardABG Sundal Collier SponsoredAnders PreetzmannDanske BankAlexander BorreskovDNB Carnegie1 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.276, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 130% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings: Revenues miss analyst expectationsFirst quarter 2026 results: Revenue: kr.2.15b (down 18% from 1Q 2025). Net income: kr.52.0m (down 27% from 1Q 2025). Profit margin: 2.4% (down from 2.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 22Price target decreased by 12% to kr.510Down from kr.580, the current price target is an average from 2 analysts. New target price is 42% above last closing price of kr.359. Stock is up 45% over the past year. The company is forecast to post earnings per share of kr.39.35 for next year compared to kr.40.52 last year.
Board Change • Apr 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Torben Bender was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 16Upcoming dividend of kr.10.00 per shareEligible shareholders must have bought the stock before 23 March 2026. Payment date: 25 March 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 78%. Trailing yield: 2.6%. Lower than top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (3.1%).
Declared Dividend • Feb 25Dividend increased to kr.10.00Dividend of kr.10.00 is 54% higher than last year. Ex-date: 23rd March 2026 Payment date: 25th March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (78% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.276, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 130% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings: Revenues miss analyst expectationsFirst quarter 2026 results: Revenue: kr.2.15b (down 18% from 1Q 2025). Net income: kr.52.0m (down 27% from 1Q 2025). Profit margin: 2.4% (down from 2.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 22Price target decreased by 12% to kr.510Down from kr.580, the current price target is an average from 2 analysts. New target price is 42% above last closing price of kr.359. Stock is up 45% over the past year. The company is forecast to post earnings per share of kr.39.35 for next year compared to kr.40.52 last year.
Board Change • Apr 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Torben Bender was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 16Upcoming dividend of kr.10.00 per shareEligible shareholders must have bought the stock before 23 March 2026. Payment date: 25 March 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 78%. Trailing yield: 2.6%. Lower than top quartile of Danish dividend payers (4.8%). Lower than average of industry peers (3.1%).
Declared Dividend • Feb 25Dividend increased to kr.10.00Dividend of kr.10.00 is 54% higher than last year. Ex-date: 23rd March 2026 Payment date: 25th March 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (78% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 24Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr.40.88 (down from kr.46.11 in FY 2024). Revenue: kr.10.2b (down 4.2% from FY 2024). Net income: kr.313.0m (down 12% from FY 2024). Profit margin: 3.1% (down from 3.3% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to kr.433, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 177% over the past three years.
お知らせ • Feb 21+ 1 more updateMt Højgaard Holding A/S Proposes Dividend for the Year 2025MT Højgaard Holding A/S announced that, the Board of Directors proposes to pay dividend of DKK 10 per share, corresponding to 29% of the profit for the year.
お知らせ • Jan 28Mt Højgaard Holding A/S N Announces Resignation of Pernille Fabricius from the Board of DirectorMT Højgaard Holding A/S announced that Pernille Fabricius will resign at the general meeting after serving 12 years on the board of directors.
New Risk • Jan 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.5% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr.509, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 264% over the past three years.
お知らせ • Dec 14Vvs & El Firmaet A/S entered into an agreement to acquire Arssarnerit A/S from MT Højgaard Holding A/S (CPSE:MTHH).Vvs & El Firmaet A/S entered into an agreement to acquire Arssarnerit A/S from MT Højgaard Holding A/S (CPSE:MTHH) on December 12, 2025. The sale is expected to be completed in the second quarter of 2026, subject to the approval of the competition authorities.
Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr.2.40b (down 7.3% from 3Q 2024). Net income: kr.89.5m (down 1.4% from 3Q 2024). Profit margin: 3.7% (up from 3.5% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 12MT Højgaard Holding A/S Maintains Earnings Guidance for the Year 2025MT Højgaard Holding A/S maintained earnings guidance for the year 2025. For the year, the company revenue is forecasted to be DKK 10.0 million to DKK 10.5 billion. Operating profit (EBIT) is expected to be DKK 400 million to DKK 450 million.
お知らせ • Oct 07+ 3 more updatesMT Højgaard Holding A/S to Report Q2, 2026 Results on Aug 27, 2026MT Højgaard Holding A/S announced that they will report Q2, 2026 results on Aug 27, 2026
分析記事 • Sep 01MT Højgaard Holding's (CPH:MTHH) Shareholders Have More To Worry About Than Only Soft EarningsInvestors were disappointed by MT Højgaard Holding A/S' ( CPH:MTHH ) latest earnings release. Our analysis has found...
お知らせ • Aug 21MT Højgaard Holding A/S Approves Board ChangesMT Højgaard Holding A/S at its EGM held on August 18, 2025 approved the following: The Board members Anders Lindberg and Janda Campos stepped down from the Board. The general meeting elected Christian Poulsen and Marie Louise Hansen as new members of the Board of Directors. The Board of Directors hereby consists of: Elected at the general meeting: Morten Hansen (Chairman), Knut Akselvoll (Vice Chairman), Christine Thorsen, Pernille Fabricius, Christian Poulsen, Marie Louise Hansen, Elected employee representatives: Jimmy Laursen, Lars Tesch Olsen.
Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr.2.68b (flat on 2Q 2024). Net income: kr.74.6m (down 7.4% from 2Q 2024). Profit margin: 2.8% (down from 3.0% in 2Q 2024). 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 41% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jun 19MT Højgaard Holding A/S (CPH:MTHH) Stock Rockets 27% But Many Are Still Ignoring The CompanyThe MT Højgaard Holding A/S ( CPH:MTHH ) share price has done very well over the last month, posting an excellent gain...
お知らせ • Mar 20MT Højgaard Holding A/S Announces MT Højgaard Property Development Integrated into Mt Højgaard DanmarkThe board of directors of MT Højgaard Holding has decided to transfer all activities in MT Højgaard Property Development to business unit MT Højgaard Danmark. The activities are integrated into MT Højgaard Danmark, which will carry on project development and operations in public-private partnership projects while maintaining the current focus on executing projects in civil works, infrastructure, construction and refurbishment. The combination of development and execution competencies in one joint organisation strengthens MT Højgaard Danmark’s competencies, synergies and position within development of larger construction projects in Denmark. The integration will furthermore entail lower complexity and costs at group level, while facilitating coordination and prioritisation of the group’s capital commitments. The integration will be completed through a transfer of ownership of MT Højgaard Property Development to MT Højgaard Danmark. The group will be comprised of the two business units MT Højgaard Danmark and Enemærke & Petersen. At the end of 2024, MT Højgaard Property Development’s order book amounted to DKK 403 million. The decision does not impact existing or planned projects or service assignments, which will be completed by MT Højgaard Danmark.
お知らせ • Mar 19MT Højgaard Holding A/S Reaffirms Earnings Guidance for the Year 2025MT Højgaard Holding A/S reaffirmed earnings guidance for the year 2025. For the year, the company unchanged with revenue expected around DKK 10 billion to DKK 10.5 billion and operating profit (EBIT) of DKK 400 million to DKK 450 million.
Upcoming Dividend • Mar 13Upcoming dividend of kr.6.50 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 24 March 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Danish dividend payers (5.7%). Lower than average of industry peers (3.7%).
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.5% 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 High level of non-cash earnings (100% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).
分析記事 • Mar 02We Think That There Are Issues Underlying MT Højgaard Holding's (CPH:MTHH) EarningsMT Højgaard Holding A/S ( CPH:MTHH ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
Recent Insider Transactions • Feb 28CEO & Member of the Executive Board recently sold kr.316k worth of stockOn the 25th of February, Rasmus Untidt sold around 1k shares on-market at roughly kr.316 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rasmus has been a net seller over the last 12 months, reducing personal holdings by kr.1.0m.
お知らせ • Feb 28MT Højgaard Holding A/S Announces Board of Directors ChangesMT Højgaard Holding A/S announced that the employees of the group on 27 February 2025 held elections for the board of directors. Jimmy Laursen of MT Højgaard Danmark A/S has been newly elected to the board. The employee representatives have been elected for a 4-year period from the annual general meeting on 19 March 2025 at which time the current employee-elected board member Peter Martin Facius will step down.
New Risk • Feb 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (100% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Feb 20Full year 2024 earnings released: EPS: kr.46.07 (vs kr.39.59 in FY 2023)Full year 2024 results: EPS: kr.46.07 (up from kr.39.59 in FY 2023). Revenue: kr.10.7b (up 9.1% from FY 2023). Net income: kr.356.5m (up 17% from FY 2023). Profit margin: 3.3% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
分析記事 • Dec 09The Market Lifts MT Højgaard Holding A/S (CPH:MTHH) Shares 33% But It Can Do MoreMT Højgaard Holding A/S ( CPH:MTHH ) shares have continued their recent momentum with a 33% gain in the last month...
New Risk • Nov 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 67% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (67% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Nov 15Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr.2.59b (flat on 3Q 2023). Net income: kr.90.8m (up kr.115.6m from 3Q 2023). Profit margin: 3.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 14MT Højgaard Holding A/S Upgrades Earnings Guidance for 2024MT Højgaard Holding A/S upgrades earnings guidance for 2024. For the year, Revenue is now expected to be around DKK 10.5 billion (previous outlook: DKK 10- DKK 10.5 billion) and thus around 7% higher than in 2023. Operating profit (EBIT) is now expected to be DKK 440- DKK 460 million (previous outlook: DKK 400- DKK 425 million) corresponding to an improvement of 13-18% compared to 2023.
お知らせ • Oct 16+ 4 more updatesMT Højgaard Holding A/S, Annual General Meeting, Mar 19, 2025MT Højgaard Holding A/S, Annual General Meeting, Mar 19, 2025.
Buy Or Sell Opportunity • Oct 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to kr.219. The fair value is estimated to be kr.179, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 9.8% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.
New Risk • Oct 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 5.5% 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 4.0% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).
お知らせ • Sep 26Mt Højgaard Holding A/S Announces CEO ChangesThe Board of Directors of MT Højgaard Holding has effective 25 September 2024 appointed current CFO Rasmus Untidt as CEO. Rasmus Untidt replaces Steffen Baungaard whom will be available in a transition period. The Executive Board of MT Højgaard Holding is hereafter comprised of Rasmus Untidt. Rasmus Untidt joined the group in 2014 as responsible for strategy and business development, and he became part of group management in April 2022 as Chief Strategy Officer. In December 2022, his areas of responsibility were expanded to include finance when he was appointed CFO and member of the Executive Board from where he has contributed to define the strategic and financial framework for the group’s long-term development. He is a board member of all significant group companies. The Board of Directors extends its appreciation with Steffen Baungaard’s efforts in MT Højgaard Holding since March 2021, initially as a member of the Board of Directors and as group CEO from November 2023.
Buy Or Sell Opportunity • Sep 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to kr.216. The fair value is estimated to be kr.178, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 9.8% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.
分析記事 • Aug 31MT Højgaard Holding's (CPH:MTHH) Earnings May Just Be The Starting PointMT Højgaard Holding A/S ( CPH:MTHH ) recently posted some strong earnings, and the market responded positively. We did...
Reported Earnings • Aug 23Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr.2.66b (up 2.6% from 2Q 2023). Net income: kr.80.6m (up kr.76.4m from 2Q 2023). Profit margin: 3.0% (up from 0.2% in 2Q 2023). Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.9%.
分析記事 • Aug 23Benign Growth For MT Højgaard Holding A/S (CPH:MTHH) Underpins Its Share PriceWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 17x, you may consider MT...
Major Estimate Revision • Aug 23Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr.10.2b to kr.10.5b. EPS estimate fell from kr.27.06 to kr.23.16 per share. Net income forecast to shrink 41% next year vs 11% growth forecast for Construction industry in Denmark . Consensus price target of kr.180 unchanged from last update. Share price rose 15% to kr.190 over the past week.
Buy Or Sell Opportunity • Aug 23Now 28% overvaluedOver the last 90 days, the stock has fallen 2.8% to kr.190. The fair value is estimated to be kr.148, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to decline by 9.4% in 2 years. Earnings are forecast to decline by 20% in the next 2 years.
お知らせ • Aug 22MT Højgaard Holding A/S Maintains Earnings Guidance for the Full-Year 2024MT Højgaard Holding maintained its full-year guidance for 2024 based on the results for the first half of the year and prospects of an unchanged level of activity in the second half of the year: Revenue is still forecast to be in the DKK 10 billion - DKK 10.5 billion range, corresponding to growth of 2%-7%. Operating profit (EBIT) is still expected to be in the range of DKK 400 million - DKK 425 million, which will be an improvement of 3%-9%.
Recent Insider Transactions • May 21Key Executive recently sold kr.721k worth of stockOn the 17th of May, Rasmus Untidt sold around 3k shares on-market at roughly kr.207 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rasmus' only on-market trade for the last 12 months.
Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr.2.29b (flat on 1Q 2023). Net income: kr.71.0m (up 299% from 1Q 2023). Profit margin: 3.1% (up from 0.8% in 1Q 2023). Revenue is expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.3%.
Major Estimate Revision • May 17Consensus EPS estimates fall by 31%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr.39.36 to kr.27.06 per share. Revenue forecast steady at kr.10.2b. Net income forecast to grow 1.5% next year vs 16% growth forecast for Construction industry in Denmark. Consensus price target of kr.180 unchanged from last update. Share price rose 5.9% to kr.214 over the past week.
お知らせ • May 17MT Højgaard Holding A/S Provides Earnings Guidance for the Year 2024MT Højgaard Holding A/S provided earnings guidance for the year 2024. For the year, revenue is still forecast to be in the DKK 10 billion - DKK 10.5 billion range, or marginally higher than in 2023. Operating profit (EBIT) is still expected to be in the range of DKK 400 million -DKK 425 million, which will be an improvement of 3%-9% relative to 2023. Based on the known phasing of projects and orders, revenue and operating profit are still expected to peak in the second half of the year.
Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 54% to kr.203. The fair value is estimated to be kr.169, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings are also forecast to decline by 2.8% per annum over the same time period.
分析記事 • Apr 18Should You Be Adding MT Højgaard Holding (CPH:MTHH) To Your Watchlist Today?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
お知らせ • Mar 21MT Højgaard Holding A/S Elects Knut Akselvoll as Member of Board of DirectorsMT Højgaard Holding A/S on 19 March 2024 the Annual General Meeting elected Knut Akselvoll as a new member of the Board of Directors.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr.198, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 1.8% over the past three years.
分析記事 • Mar 18MT Højgaard Holding A/S' (CPH:MTHH) Price Is Right But Growth Is Lacking After Shares Rocket 31%Despite an already strong run, MT Højgaard Holding A/S ( CPH:MTHH ) shares have been powering on, with a gain of 31% in...
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: kr.39.54 (vs kr.16.86 in FY 2022)Full year 2023 results: EPS: kr.39.54 (up from kr.16.86 in FY 2022). Revenue: kr.9.79b (up 13% from FY 2022). Net income: kr.304.5m (up 135% from FY 2022). Profit margin: 3.1% (up from 1.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Feb 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 45% to kr.162. The fair value is estimated to be kr.132, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to decline by 4.2% per annum. Earnings are also forecast to decline by 2.7% per annum over the same time period.
分析記事 • Feb 02MT Højgaard Holding A/S (CPH:MTHH) Looks Just Right With A 28% Price JumpDespite an already strong run, MT Højgaard Holding A/S ( CPH:MTHH ) shares have been powering on, with a gain of 28% in...
Valuation Update With 7 Day Price Move • Jan 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to kr.139, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 20% over the past three years.
お知らせ • Dec 30MT Højgaard Holding A/S Announces Resignation of Stine Marie Søderdahl Friis to Its Board of DirectorsMT Højgaard Holding A/S announced employee-elected board member Stine Marie Søderdahl Friis has left the board of directors of the company.
分析記事 • Dec 15MT Højgaard Holding (CPH:MTHH) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Nov 30+ 1 more updateMT Højgaard Holding A/S Announces CEO ChangesThe Board of Directors of MT Højgaard Holding has effective immediately hired Steffen Baungaard as new group CEO. He replaces Henrik Mielke whom will continue to be associated with the group in a transition period and complete ongoing assignments. Steffen Baungaard is a professional board member with strong strategic competencies and deep insight into the value chain of the construction industry. He has around 25 years of experience from positions as CEO of HusCompagniet and group executive director at NCC Danmark as well as board work in several Nordic construction and civil works companies and suppliers to the industry. Steffen Baungaard has been an independent member of the Board of Directors of MT Højgaard Holding since 2021 and has detailed knowledge about the group’s strategic opportunities and challenges. As a member of the Board of Directors’ international committee, he has most recently played a key role in the completion of the strategic process for MT Højgaard International and the decision to wind down the business unit to focus on the group’s profitable and growing Danish core business (company announcement no. 14/2023). Henrik Mielke been group CEO of MT Højgaard Holding since 15 March 2022. Prior to that, he was CEO of business unit Enemærke & Petersen for seven years.
Recent Insider Transactions • Nov 19President recently sold kr.377k worth of stockOn the 14th of November, Henrik Mielke sold around 3k shares on-market at roughly kr.118 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Henrik's only on-market trade for the last 12 months.
お知らせ • Oct 28MT Højgaard Holding A/S Provides Earnings Guidance for the Full Year 2023MT Højgaard Holding A/S provided earnings guidance for the full year 2023. Revenue is expected to be DKK 9.5-10 billion (previously: around DKK 10 billion) with an operating profit before special items around DKK 400 million (previously: DKK 200-225 million before special items and potential value adjustments).
お知らせ • Oct 19+ 4 more updatesMT Højgaard Holding A/S to Report Q1, 2024 Results on May 16, 2024MT Højgaard Holding A/S announced that they will report Q1, 2024 results on May 16, 2024
New Risk • Aug 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (1.1% net profit margin).
Major Estimate Revision • Aug 29Consensus EPS estimates fall by 28%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr.9.24b to kr.9.42b. EPS estimate fell from kr.19.16 to kr.13.75 per share. Net income forecast to shrink 7.2% next year vs 16% growth forecast for Construction industry in Denmark . Consensus price target of kr.172 unchanged from last update. Share price fell 3.8% to kr.100.00 over the past week.
お知らせ • Aug 25MT Højgaard Holding A/S Provides Earnings Guidance for the Full Year 2023MT Højgaard Holding A/S provided earnings guidance for the full year 2023. The full-year outlook is maintained and supported by the strong order book. Revenue is still expected to increase to DKK 9.0-9.5 billion. Operating profit before special items and any value adjustments is still expected to be DKK 200-225 million. Earnings from the Danish core business are expected to improve because of higher revenue, but the improvement will be set off by a considerable loss from the international activities. About 95% of the expected contract revenue had been contracted at the end of the first half of 2023.
Major Estimate Revision • Aug 24Consensus EPS estimates fall by 38%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr.9.24b to kr.9.03b. EPS estimate also fell from kr.19.16 per share to kr.11.90 per share. Net income forecast to shrink 10% next year vs 17% growth forecast for Construction industry in Denmark . Consensus price target of kr.172 unchanged from last update. Share price was steady at kr.103 over the past week.
お知らせ • Jun 10MT Højgaard Holding A/S Revises Earnings Guidance for the Full Year 2023MT Højgaard Holding A/S revised earnings guidance for the full year 2023. Based on the sharpening of the group’s strategic focus and deteriorating results in MT Højgaard International, the company adjusts the 2023 outlook and now expects operating profit to come to DKK 200 million - DKK 225 million before special items and potential value adjustments related to the strategic process against the previous operating profit guidance of DKK 300 million - DKK 325 million. Revenue is still expected at the level of DKK 9.0 billion - DKK 9.5 billion. The downwards adjustment is solely due to the international activities, which comprised just 7% of group revenue in the first quarter of 2023.
お知らせ • May 11MT Højgaard Holding A/S Provides Earnings Guidance for the Year 2023MT Højgaard Holding A/S provided earnings guidance for the year 2023. For the year, revenue is still expected to increase by 4%-10% to DKK 9.0 billion- DKK 9.5 billion. Operating profit before special items is still expected to increase by 9% -18% to DKK 300 billion- DKK 325 million.
お知らせ • Jan 04MT Højgaard Holding A/S(CPSE:MTHH) dropped from OMX Nordic Small Cap IndexHøjgaard Holding A/S has been dropped from OMX Nordic Small Cap Index .
お知らせ • Dec 23Mt Højgaard Holding A/S Revises Consolidated Earnings Guidance for the Year 2022MT Højgaard Holding A/S revised consolidated earnings guidance for the year 2022. The board of directors of the company has decided to initiate a sales process for Scandi Byg after an extensive strategic review. As a consequence of the decision, Scandi Byg will not be included in revenue and operating profit in the consolidated financial statements for 2022, but be classified as discontinuing activities. On this background, the group adjusts its expectations to the 2022 operating profit before special items to a level of DKK 260 million (previously: DKK 215 million - DKK 240 million including the expected operating loss in Scandi Byg). Group revenue is still expected to be around DKK 8.5 billion in 2022 even though Scandi Byg’s expected revenue of around DK 335 million will no longer be included.
お知らせ • Dec 09MT Højgaard Holding A/S Announces Management ChangesRasmus Untidt takes up the position as CFO of MT Højgaard Holding on December 9th, 2022. He succeeds Martin Solberg who has wished to step down. The Executive Board will be comprised by CEO Henrik Mielke and CFO Rasmus Untidt. For more than 8 years, Rasmus Untidt has been the head of MT Højgaard Holding’s business strategy development through which he has played a key role in the group’s strategic acquisitions and sales by which the group has concentrated its line of business and increased its cost-effectiveness. In April 2022 he became a part of the group management when he was appointed Chief Strategy Officer (CSO) which included the responsibility for the group’s sustainability strategy.
Price Target Changed • Nov 16Price target decreased to kr.166Down from kr.285, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of kr.153. Stock is down 27% over the past year. The company is forecast to post earnings per share of kr.10.02 for next year compared to kr.17.32 last year.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Morten Hansen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 11MT Højgaard Holding A/S Provides Earnings Guidance for the Fiscal Year 2022MT Højgaard Holding A/S provided earnings guidance for the fiscal year 2022. for the year, the company expects revenue to be around DKK 8.5 billion. This will correspond to a growth rate of around 18%, compared with 2021 and Operating profit before special items is still expected to be DKK 215-240 million. This will correspond to an improvement of 20-34%, compared with 2021.
Reported Earnings • Aug 27Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr.2.21b (up 27% from 2Q 2021). Net income: kr.27.7m (up kr.28.9m from 2Q 2021). Profit margin: 1.3% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 2.3%, compared to a 5.4% growth forecast for the Construction industry in Denmark. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 25MT Højgaard Holding A/S Revises Earnings Guidance for the Full Year 2022MT Højgaard Holding A/S revised earnings guidance for the full year 2022. The outlook for the financial year has been adjusted due to the challenges faced by Scandi Byg and MT Højgaard International. The other business units, especially MT Højgaard Danmark, are still expected to improve their earnings in 2022. Revenue is now expected to be around DKK 8.5 billion (previously: DKK 8.0-8.2 billion), following growth of about 18% in the first half of 2022. Operating profit before special items is now expected to be DKK 215-240 million. This will correspond to an improvement of 20-34% compared to 2021. Based on the known phasing of projects and orders, earnings are expected to continue to rise in the second half of 2022 as utilisation of capacity improves and more projects proceed from the preparatory phase to the construction phase, and moreover MT Højgaard Projektudvikling is expected to sell more projects developed in-house.
分析記事 • Jun 23Slammed 31% MT Højgaard Holding A/S (CPH:MTHH) Screens Well Here But There Might Be A CatchThe MT Højgaard Holding A/S ( CPH:MTHH ) share price has fared very poorly over the last month, falling by a...
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to kr.114, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 52% over the past three years.
分析記事 • Jun 04Is It Time To Consider Buying MT Højgaard Holding A/S (CPH:MTHH)?MT Højgaard Holding A/S ( CPH:MTHH ), is not the largest company out there, but it saw a decent share price growth in...
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 26% share price gain to kr.170, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 143% over the past three years.
お知らせ • May 13Mt Højgaard Holding A/S Reaffirms Earnings Guidance for the Full year 2022MT Højgaard Holding A/S Reaffirmed earnings guidance for the full year 2022. For the year, the company Revenue is still expected to be around DKK 8.0 million - DKK 8.2 billion, Operating profit before special items is still expected to be around DKK 250 million - DKK 275 million.
分析記事 • May 12We Think MT Højgaard Holding (CPH:MTHH) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Morten Hansen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: kr.17.29 (up from kr.1.68 in FY 2020). Revenue: kr.7.20b (up 21% from FY 2020). Net income: kr.133.8m (up kr.120.7m from FY 2020). Profit margin: 1.9% (up from 0.2% in FY 2020). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 12%, compared to a 8.5% growth forecast for the industry in Denmark. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
