View ValuationISS 향후 성장Future 기준 점검 3/6ISS (는) 각각 연간 8.9% 및 4.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 14.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 34.2% 로 예상됩니다.핵심 정보8.9%이익 성장률14.53%EPS 성장률Commercial Services 이익 성장23.9%매출 성장률4.3%향후 자기자본이익률34.16%애널리스트 커버리지Good마지막 업데이트20 May 2026최근 향후 성장 업데이트공시 • May 06ISS A/S Maintains Earnings Guidance for the Fiscal Year 2026ISS A/S maintained earnings guidance for the fiscal year 2026. For the year, the company's operating margin is expected to be above 5%.공시 • Feb 20ISS A/S Provides Earnings Guidance for the Fiscal Year 2026ISS A/S provided earnings guidance for the fiscal year 2026. for the year, the company's operating margin is expected to be above 5%.Price Target Changed • Jan 21Price target increased by 8.0% to kr.237Up from kr.220, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.236. Stock is up 81% over the past year. The company is forecast to post earnings per share of kr.16.28 for next year compared to kr.14.55 last year.Price Target Changed • Jan 13Price target increased by 9.7% to kr.231Up from kr.210, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.233. Stock is up 80% over the past year. The company is forecast to post earnings per share of kr.16.32 for next year compared to kr.14.55 last year.Price Target Changed • Oct 21Price target increased by 7.7% to kr.198Up from kr.184, the current price target is an average from 10 analysts. New target price is 5.3% below last closing price of kr.209. Stock is up 52% over the past year. The company is forecast to post earnings per share of kr.16.23 for next year compared to kr.14.55 last year.Price Target Changed • Sep 11Price target increased by 8.4% to kr.194Up from kr.179, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of kr.203. Stock is up 60% over the past year. The company is forecast to post earnings per share of kr.16.20 for next year compared to kr.14.55 last year.모든 업데이트 보기Recent updates속보 • May 18ISS A/S Begins DKK 2.5 Billion Buyback and Cuts Treasury Shares Below 5%ISS A/S has launched a new share buyback programme of up to DKK 2.5b, running until 22 February 2027, in line with EU market regulations. The first tranche of the programme allows for repurchases of up to DKK 1.25b to be carried out from now until 7 August 2026. Following a share capital reduction approved on 16 April 2026 and executed on 18 May 2026, ISS has reduced its treasury shareholding to 2,251,359 shares, now representing less than 5% of total share capital and voting rights. This combination of a sizeable buyback and a completed capital reduction points to a clear focus on returning excess cash to shareholders while tightening the share base. Investors may want to monitor how actively ISS uses the full DKK 2.5b capacity over the programme period, as the pace of repurchases and any further capital changes can influence per-share metrics and voting dynamics.Board Change • May 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair Jens Andersen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • May 06ISS A/S Maintains Earnings Guidance for the Fiscal Year 2026ISS A/S maintained earnings guidance for the fiscal year 2026. For the year, the company's operating margin is expected to be above 5%.Upcoming Dividend • Apr 10Upcoming dividend of kr.3.20 per shareEligible shareholders must have bought the stock before 17 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Danish dividend payers (4.5%). Lower than average of industry peers (2.7%).Declared Dividend • Mar 23Dividend increased to kr.3.20Dividend of kr.3.20 is 3.2% higher than last year. Ex-date: 17th April 2026 Payment date: 21st April 2026 Dividend yield will be 1.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 22ISS A/S announces Annual dividend, payable on April 21, 2026ISS A/S announced Annual dividend of DKK 3.2000 per share payable on April 21, 2026, ex-date on April 17, 2026 and record date on April 20, 2026.공시 • Mar 21ISS A/S, Annual General Meeting, Apr 16, 2026ISS A/S, Annual General Meeting, Apr 16, 2026, at 11:00 Romance Standard Time. Location: iss a/s, buddingevej 197, dk-2860, soborg, DenmarkBoard Change • Mar 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair Jens Andersen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 24Full year 2025 earnings released: EPS: kr.15.60 (vs kr.14.55 in FY 2024)Full year 2025 results: EPS: kr.15.60. Revenue: kr.84.7b (up 1.1% from FY 2024). Net income: kr.2.60b (down 1.1% from FY 2024). Profit margin: 3.1% (in line with FY 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Europe.공시 • Feb 20ISS A/S Provides Earnings Guidance for the Fiscal Year 2026ISS A/S provided earnings guidance for the fiscal year 2026. for the year, the company's operating margin is expected to be above 5%.공시 • Feb 19ISS A/S (CPSE:ISS) announces an Equity Buyback for DKK 2,500 million worth of its shares.ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to 24,000,000 shares for DKK 2,500 million. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital and to meet obligations arising from the company's share-based incentive program. The program is expected to be completed in two separate tranches. The program will expire on February 22, 2027.Price Target Changed • Jan 21Price target increased by 8.0% to kr.237Up from kr.220, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.236. Stock is up 81% over the past year. The company is forecast to post earnings per share of kr.16.28 for next year compared to kr.14.55 last year.Price Target Changed • Jan 13Price target increased by 9.7% to kr.231Up from kr.210, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.233. Stock is up 80% over the past year. The company is forecast to post earnings per share of kr.16.32 for next year compared to kr.14.55 last year.분석 기사 • Dec 14ISS A/S (CPH:ISS) Screens Well But There Might Be A CatchWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 15x, you may consider ISS...분석 기사 • Nov 13What Is ISS A/S's (CPH:ISS) Share Price Doing?While ISS A/S ( CPH:ISS ) might not have the largest market cap around , it saw a double-digit share price rise of over...분석 기사 • Oct 29Is ISS (CPH:ISS) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Price Target Changed • Oct 21Price target increased by 7.7% to kr.198Up from kr.184, the current price target is an average from 10 analysts. New target price is 5.3% below last closing price of kr.209. Stock is up 52% over the past year. The company is forecast to post earnings per share of kr.16.23 for next year compared to kr.14.55 last year.분석 기사 • Oct 10ISS A/S' (CPH:ISS) Intrinsic Value Is Potentially 82% Above Its Share PriceKey Insights The projected fair value for ISS is kr.369 based on 2 Stage Free Cash Flow to Equity ISS' kr.203 share...Price Target Changed • Sep 11Price target increased by 8.4% to kr.194Up from kr.179, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of kr.203. Stock is up 60% over the past year. The company is forecast to post earnings per share of kr.16.20 for next year compared to kr.14.55 last year.분석 기사 • Aug 30Market Cool On ISS A/S' (CPH:ISS) EarningsWith a price-to-earnings (or "P/E") ratio of 11.5x ISS A/S ( CPH:ISS ) may be sending bullish signals at the moment...분석 기사 • Aug 15ISS A/S (CPH:ISS) Just Released Its Half-Year Results And Analysts Are Updating Their EstimatesCPSE:ISS 1 Year Share Price vs Fair Value Explore ISS's Fair Values from the Community and select yours Investors in...New Risk • Aug 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 13First half 2025 earnings released: EPS: kr.5.94 (vs kr.5.11 in 1H 2024)First half 2025 results: EPS: kr.5.94 (up from kr.5.11 in 1H 2024). Revenue: kr.41.6b (up 2.3% from 1H 2024). Net income: kr.1.02b (up 8.7% from 1H 2024). Profit margin: 2.4% (up from 2.3% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.분석 기사 • Aug 11Is ISS A/S (CPH:ISS) Potentially Undervalued?While ISS A/S ( CPH:ISS ) might not have the largest market cap around , it saw a double-digit share price rise of over...분석 기사 • Jul 06ISS A/S' (CPH:ISS) Intrinsic Value Is Potentially 91% Above Its Share PriceKey Insights Using the 2 Stage Free Cash Flow to Equity, ISS fair value estimate is kr.342 ISS' kr.180 share price...분석 기사 • May 29There's No Escaping ISS A/S' (CPH:ISS) Muted EarningsWith a price-to-earnings (or "P/E") ratio of 11.4x ISS A/S ( CPH:ISS ) may be sending bullish signals at the moment...공시 • Apr 11ISS A/S Approves Board ElectionsISS A/S at its AGM held on April 11, 2025, approved the election of Jens Bjørn Andersen and Henrik Lind as new members of the Board of Directors. Constitution of the Board of Directors: After the Annual General Meeting, the Board of Directors constituted itself by electing Niels Smedegaard as Chair of the Board of Directors and Jens Bjørn Andersen as Deputy Chair of the Board of Directors.Upcoming Dividend • Apr 07Upcoming dividend of kr.3.10 per shareEligible shareholders must have bought the stock before 14 April 2025. Payment date: 16 April 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Danish dividend payers (5.0%). Lower than average of industry peers (3.8%).Price Target Changed • Mar 06Price target increased by 7.6% to kr.166Up from kr.154, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of kr.162. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr.16.54 for next year compared to kr.14.55 last year.Declared Dividend • Feb 23Dividend increased to kr.3.10Dividend of kr.3.10 is 35% higher than last year. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 21Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: kr.14.59 (up from kr.10.42 in FY 2023). Revenue: kr.83.8b (up 6.5% from FY 2023). Net income: kr.2.63b (up 36% from FY 2023). Profit margin: 3.1% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.공시 • Feb 21ISS A/S announces Annual dividend, payable on April 16, 2025ISS A/S announced Annual dividend of DKK 3.1000 per share payable on April 16, 2025, ex-date on April 14, 2025 and record date on April 15, 2025.공시 • Feb 20ISS A/S (CPSE:ISS) announces an Equity Buyback for DKK 2,500 million worth of its shares.ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to DKK 2,500 million worth of its shares. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital; and to meet obligations arising from the company's share-based incentive program. The program is expected to be completed in two separate tranches. The program will expire on February 13, 2026.공시 • Jan 10ISS A/S, Annual General Meeting, Apr 11, 2025ISS A/S, Annual General Meeting, Apr 11, 2025.공시 • Jan 09+ 1 more updateISS A/S Announces Not to Seek Re-Election of Soren Thorup Sorensen to the Board and Member of the Audit & Risk CommitteeISS A/S announced Soren Thorup Sorensen, CEO of KIRKBI A/S, has decided not to seek re-election at the upcoming Annual General Meeting. Soren Thorup Sorensen has served on the board of ISS A/S since 2020 and is a member of the Audit & Risk Committee.공시 • Jan 02+ 1 more updateISS A/S to Report First Half, 2025 Results on Aug 12, 2025ISS A/S announced that they will report first half, 2025 results on Aug 12, 2025공시 • Dec 04ISS A/S Announces Board ChangesISS A/S announced that a supplementary election of a group employee representative to the Board of Directors of ISS A/S has been held with the following elected as a Board member for the remainder of the existing 4-year term (until April 2027): Tove Møller Eriksen (Head of Optimization and Internal Controls). The newly elected group employee representative, Tove Møller Eriksen, will join the Board of Directors as of December 3, 2024. As alternates Tom Ketil Lund (Global Account Director), Vered Gilboa (People and Culture Director, GKA and Products) and Carsten Rasmussen (Financial Systems Manager) have been elected (in the listed order).Reported Earnings • Aug 14First half 2024 earnings released: EPS: kr.5.11 (vs kr.4.16 in 1H 2023)First half 2024 results: EPS: kr.5.11 (up from kr.4.16 in 1H 2023). Revenue: kr.40.7b (up 6.1% from 1H 2023). Net income: kr.935.0m (up 21% from 1H 2023). Profit margin: 2.3% (up from 2.0% in 1H 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 5.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Aug 12ISS A/S Announces Resignation of Nada Elboayadi as Board MemberISS A/S announced that Nada Elboayadi is stepping down as an employee elected member of the Board of Directors of the company, as of 12 August 2024. Nada Elboayadi joined the ISS A/S Board of Directors in April 2019 as a member elected by the employees and joined the ISS Group 18 years ago.공시 • May 03+ 1 more updateISS A/S Appoints Mads Holm as Member of the Executive Group Management Board, Effective 3 June 2024ISS A/S announced that on 3 June 2024, Mads Holm will take up the position as member of the Executive Group Management Board.공시 • Apr 11ISS A/S Approves Election of Henriette Hallberg Thygesen as New Member of the Board of DirectorISS A/S announced that at its AGM held on April 11, 2024, shareholders approved the election of Henriette Hallberg Thygesen as new member of the Board of Directors.Upcoming Dividend • Apr 05Upcoming dividend of kr.2.30 per shareEligible shareholders must have bought the stock before 12 April 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Danish dividend payers (5.6%). Lower than average of industry peers (2.7%).Declared Dividend • Mar 18Dividend increased to kr.2.30Dividend of kr.2.30 is 9.5% higher than last year. Ex-date: 12th April 2024 Payment date: 16th April 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 15ISS A/S Proposes Dividend for the Year 2023ISS A/S at its annual meeting to be held on April 11, 2024, proposed distribution of a dividend of DKK 2.3 per share of nominally DKK 1 for the year 2023.공시 • Feb 23ISS A/S (CPSE:ISS) announces an Equity Buyback for 18,000,000 shares, for DKK 1,000 million.ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to 18,000,000 shares for a total of DKK 1,000 million. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital; and to meet obligations arising from the company's share-based incentive program (LTIP). The program is expected to be completed in two separate tranches of DKK 500 million each. The program will expire on February 19, 2025.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: kr.10.38 (vs kr.10.43 in FY 2022)Full year 2023 results: EPS: kr.10.38. Revenue: kr.78.7b (up 2.8% from FY 2022). Net income: kr.1.93b (flat on FY 2022). Profit margin: 2.5% (in line with FY 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in Europe.공시 • Jan 09ISS A/S Appoints Mads Holm as New Group Chief Financial Officer, Effective No Later Than 1 August 2024ISS A/S announced the appointment of Mads Holm as Group Chief Financial Officer. He will join ISS no later than 1 August 2024 and will be based in the Group’s Headquarters in Copenhagen. Mads Holm joins ISS from Equinor, where he currently holds the position as CFO of Equinor Renewables, as well as Member and former Chair of the Board for Equinor Asset Management. Since joining Equinor in 2012, Mads held several finance leadership positions including responsibility of Financial Reporting, Tax, Treasury, Investor Relations, Asset Management and supply chain excellence. Prior to Equinor, Mads held various positions within Danske Bank where he started in 2003, and he holds an MSc in Finance and Accounting from Copenhagen Business School. Interim Group CFO, Carsten Højlund, will continue in the current role to ensure a smooth hand over when Mads joins.공시 • Nov 18ISS A/S Announces Change of Board of DirectorsISS A/S announced that Kadir Ünver is stepping down as an employee elected member of the Board of Directors of ISS A/S as of 20 November 2023. For the remaining part of the term, Kadir Ünver will be succeeded by the alternate Rune Christensen, who is Head of Legal Affairs & M&A Support.공시 • Nov 10ISS A/S to Report First Half, 2024 Results on Aug 13, 2024ISS A/S announced that they will report first half, 2024 results on Aug 13, 2024공시 • Nov 09+ 1 more updateISS A/S to Report Fiscal Year 2023 Results on Feb 22, 2024ISS A/S announced that they will report fiscal year 2023 results on Feb 22, 2024Recent Insider Transactions • Nov 06Key Executive recently bought kr.399k worth of stockOn the 3rd of November, Kasper Fangel bought around 3k shares on-market at roughly kr.114 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr.4.2m. Kasper has been a buyer over the last 12 months, purchasing a net total of kr.699k worth in shares.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.117, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total returns to shareholders of 23% over the past three years.Major Estimate Revision • Nov 02Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr.10.70 to kr.8.00 per share. Revenue forecast steady at kr.79.0b. Net income forecast to grow 240% next year vs 25% growth forecast for Commercial Services industry in Denmark. Consensus price target down from kr.172 to kr.162. Share price rose 11% to kr.110 over the past week.공시 • Nov 02ISS A/S Revises Earnings Guidance for the Year 2023ISS A/S revised earnings guidance for the year 2023. For the year, the company organic growth is now expected to be around 9% (previously ‘7% – 9%’). Operating margin remains within the previous range (‘4.25% - 4.75%') with underlying margin expected to be around 4.6%.공시 • Aug 24Gloria Diana Glang Steps Down as a Member of the Board of Directors of ISS A/S, Effective End of August 2023ISS A/S announced that Gloria Diana Glang steps down as a member of the Board of Directors. Gloria Diana Glang has taken up a new executive position and is required to step down from board positions in public listed companies. The resignation is effective end of August 2023. Gloria Diana Glang joined the ISS A/S’ Board of Directors in April 2023 and is a member of the Audit & Risk Committee as well as the Transaction Committee.Recent Insider Transactions • Aug 21Key Executive recently bought kr.4.2m worth of stockOn the 18th of August, Jacob Aarup-Andersen bought around 35k shares on-market at roughly kr.119 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacob has been a buyer over the last 12 months, purchasing a net total of kr.8.1m worth in shares.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.120, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total returns to shareholders of 23% over the past three years.New Risk • Aug 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).Recent Insider Transactions • Aug 11Key Executive recently bought kr.1.3m worth of stockOn the 10th of August, Jacob Aarup-Andersen bought around 10k shares on-market at roughly kr.130 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacob has been a buyer over the last 12 months, purchasing a net total of kr.4.0m worth in shares.Reported Earnings • Aug 11First half 2023 earnings releasedFirst half 2023 results: Revenue: kr.39.7b (up 7.4% from 1H 2022). Net loss: kr.589.0m (down 177% from profit in 1H 2022). 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 Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Jun 29+ 1 more updateISS A/S Announces Resignation of Kasper Fangel as Group CFO, Effective 1 September 2023ISS A/S announced the appointment of Kasper Fangel as the company's new Group CEO, effective 1 September 2023. This appointment comes after the resignation of Jacob Aarup-Andersen in March 2023. With a distinguished track record in the industry and current Group Chief Financial Officer of ISS, Kasper brings a wealth of experience and expertise to this new role. Throughout his career, Kasper has demonstrated exceptional leadership skills and a deep understanding of the facility management industry. His strategic vision, coupled with a strong focus on financials, operational excellence and customer-centricity, made him the ideal choice for ISS. Jacob Aarup-Andersen will remain at ISS until 31 August 2023 and will commence an onboarding with Kasper, over the next 2 months, to ensure a smooth transition. ISS has initiated a search process for the new Group CFO which will include both internal and external candidates. The appointment of a new Group CFO will be made in due course.Recent Insider Transactions • May 28Key Executive recently bought kr.1.3m worth of stockOn the 25th of May, Jacob Aarup-Andersen bought around 10k shares on-market at roughly kr.132 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacob has been a buyer over the last 12 months, purchasing a net total of kr.2.6m worth in shares.Board Change • May 09High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Reshma Ramachandran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 07Upcoming dividend of kr.2.10 per share at 1.5% yieldEligible shareholders must have bought the stock before 14 April 2023. Payment date: 18 April 2023. Trailing yield: 1.5%. Lower than top quartile of Danish dividend payers (4.3%). Lower than average of industry peers (2.8%).Recent Insider Transactions • Mar 20Key Executive recently bought kr.1.3m worth of stockOn the 17th of March, Jacob Aarup-Andersen bought around 10k shares on-market at roughly kr.129 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months.이익 및 매출 성장 예측CPSE:ISS - 애널리스트 향후 추정치 및 과거 재무 데이터 (DKK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202897,5143,4453,7635,286812/31/202793,5573,2123,4504,931912/31/202689,6083,0343,2474,9291012/31/202584,6842,6033,3223,989N/A9/30/202584,6892,6593,4334,092N/A6/30/202584,6932,7143,5434,195N/A3/31/202584,2272,6743,3183,961N/A12/31/202483,7612,6333,0933,727N/A9/30/202482,3942,3642,9113,554N/A6/30/202481,0262,0952,7293,381N/A3/31/202479,8542,0132,7013,387N/A12/31/202378,6811,9312,6733,392N/A9/30/202376,9561,9891,7742,525N/A6/30/202375,2312,0478741,657N/A3/31/202374,5352,0421,6992,495N/A12/31/202273,8382,0372,5243,333N/A9/30/202273,6261,6002,0992,857N/A6/30/202273,4131,1621,6742,380N/A3/31/202272,3888382,1342,801N/A12/31/202171,3635142,5933,221N/A9/30/202170,764-1,0292,4683,103N/A6/30/202170,164-2,5722,3422,984N/A3/31/202170,458-3,9016351,312N/A12/31/202070,752-5,230-1,073-361N/A9/30/202073,023-3,5663421,185N/A6/30/202075,293-1,9031,7562,730N/A3/31/202076,496-3851,3442,397N/A12/31/201977,6981,1329312,064N/A9/30/201975,6451,519N/A3,697N/A6/30/201975,3801,724N/A2,458N/A3/31/201973,2321,264N/A3,465N/A12/31/201873,5921,213N/A3,347N/A9/30/201870,0711,062N/A2,693N/A6/30/201870,2071,197N/A3,107N/A3/31/201879,8331,838N/A3,368N/A12/31/201773,5772,125N/A3,613N/A9/30/201779,6292,225N/A3,435N/A6/30/201779,2962,235N/A3,238N/A3/31/201778,9782,283N/A3,680N/A12/31/201678,6582,224N/A3,690N/A9/30/201678,8092,390N/A3,610N/A6/30/201679,0532,334N/A3,576N/A3/31/201679,4912,313N/A3,617N/A12/31/201579,5792,211N/A3,706N/A9/30/201578,0911,511N/A3,344N/A6/30/201576,8131,440N/A3,194N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ISS 의 연간 예상 수익 증가율(8.9%)이 saving rate(2%)보다 높습니다.수익 vs 시장: ISS 의 연간 수익(8.9%)이 Danish 시장(9.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: ISS 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: ISS 의 수익(연간 4.3%)이 Danish 시장(연간 3.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: ISS 의 수익(연간 4.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ISS의 자본 수익률은 3년 후 34.2%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 01:21종가2026/05/20 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스ISS A/S는 21명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierPaul Daniel CheckettsBarclaysMads Brinkmann AndersenBerenberg18명의 분석가 더 보기
공시 • May 06ISS A/S Maintains Earnings Guidance for the Fiscal Year 2026ISS A/S maintained earnings guidance for the fiscal year 2026. For the year, the company's operating margin is expected to be above 5%.
공시 • Feb 20ISS A/S Provides Earnings Guidance for the Fiscal Year 2026ISS A/S provided earnings guidance for the fiscal year 2026. for the year, the company's operating margin is expected to be above 5%.
Price Target Changed • Jan 21Price target increased by 8.0% to kr.237Up from kr.220, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.236. Stock is up 81% over the past year. The company is forecast to post earnings per share of kr.16.28 for next year compared to kr.14.55 last year.
Price Target Changed • Jan 13Price target increased by 9.7% to kr.231Up from kr.210, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.233. Stock is up 80% over the past year. The company is forecast to post earnings per share of kr.16.32 for next year compared to kr.14.55 last year.
Price Target Changed • Oct 21Price target increased by 7.7% to kr.198Up from kr.184, the current price target is an average from 10 analysts. New target price is 5.3% below last closing price of kr.209. Stock is up 52% over the past year. The company is forecast to post earnings per share of kr.16.23 for next year compared to kr.14.55 last year.
Price Target Changed • Sep 11Price target increased by 8.4% to kr.194Up from kr.179, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of kr.203. Stock is up 60% over the past year. The company is forecast to post earnings per share of kr.16.20 for next year compared to kr.14.55 last year.
속보 • May 18ISS A/S Begins DKK 2.5 Billion Buyback and Cuts Treasury Shares Below 5%ISS A/S has launched a new share buyback programme of up to DKK 2.5b, running until 22 February 2027, in line with EU market regulations. The first tranche of the programme allows for repurchases of up to DKK 1.25b to be carried out from now until 7 August 2026. Following a share capital reduction approved on 16 April 2026 and executed on 18 May 2026, ISS has reduced its treasury shareholding to 2,251,359 shares, now representing less than 5% of total share capital and voting rights. This combination of a sizeable buyback and a completed capital reduction points to a clear focus on returning excess cash to shareholders while tightening the share base. Investors may want to monitor how actively ISS uses the full DKK 2.5b capacity over the programme period, as the pace of repurchases and any further capital changes can influence per-share metrics and voting dynamics.
Board Change • May 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair Jens Andersen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • May 06ISS A/S Maintains Earnings Guidance for the Fiscal Year 2026ISS A/S maintained earnings guidance for the fiscal year 2026. For the year, the company's operating margin is expected to be above 5%.
Upcoming Dividend • Apr 10Upcoming dividend of kr.3.20 per shareEligible shareholders must have bought the stock before 17 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Danish dividend payers (4.5%). Lower than average of industry peers (2.7%).
Declared Dividend • Mar 23Dividend increased to kr.3.20Dividend of kr.3.20 is 3.2% higher than last year. Ex-date: 17th April 2026 Payment date: 21st April 2026 Dividend yield will be 1.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 22ISS A/S announces Annual dividend, payable on April 21, 2026ISS A/S announced Annual dividend of DKK 3.2000 per share payable on April 21, 2026, ex-date on April 17, 2026 and record date on April 20, 2026.
공시 • Mar 21ISS A/S, Annual General Meeting, Apr 16, 2026ISS A/S, Annual General Meeting, Apr 16, 2026, at 11:00 Romance Standard Time. Location: iss a/s, buddingevej 197, dk-2860, soborg, Denmark
Board Change • Mar 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Deputy Chair Jens Andersen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: kr.15.60 (vs kr.14.55 in FY 2024)Full year 2025 results: EPS: kr.15.60. Revenue: kr.84.7b (up 1.1% from FY 2024). Net income: kr.2.60b (down 1.1% from FY 2024). Profit margin: 3.1% (in line with FY 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Europe.
공시 • Feb 20ISS A/S Provides Earnings Guidance for the Fiscal Year 2026ISS A/S provided earnings guidance for the fiscal year 2026. for the year, the company's operating margin is expected to be above 5%.
공시 • Feb 19ISS A/S (CPSE:ISS) announces an Equity Buyback for DKK 2,500 million worth of its shares.ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to 24,000,000 shares for DKK 2,500 million. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital and to meet obligations arising from the company's share-based incentive program. The program is expected to be completed in two separate tranches. The program will expire on February 22, 2027.
Price Target Changed • Jan 21Price target increased by 8.0% to kr.237Up from kr.220, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.236. Stock is up 81% over the past year. The company is forecast to post earnings per share of kr.16.28 for next year compared to kr.14.55 last year.
Price Target Changed • Jan 13Price target increased by 9.7% to kr.231Up from kr.210, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.233. Stock is up 80% over the past year. The company is forecast to post earnings per share of kr.16.32 for next year compared to kr.14.55 last year.
분석 기사 • Dec 14ISS A/S (CPH:ISS) Screens Well But There Might Be A CatchWhen close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") above 15x, you may consider ISS...
분석 기사 • Nov 13What Is ISS A/S's (CPH:ISS) Share Price Doing?While ISS A/S ( CPH:ISS ) might not have the largest market cap around , it saw a double-digit share price rise of over...
분석 기사 • Oct 29Is ISS (CPH:ISS) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Price Target Changed • Oct 21Price target increased by 7.7% to kr.198Up from kr.184, the current price target is an average from 10 analysts. New target price is 5.3% below last closing price of kr.209. Stock is up 52% over the past year. The company is forecast to post earnings per share of kr.16.23 for next year compared to kr.14.55 last year.
분석 기사 • Oct 10ISS A/S' (CPH:ISS) Intrinsic Value Is Potentially 82% Above Its Share PriceKey Insights The projected fair value for ISS is kr.369 based on 2 Stage Free Cash Flow to Equity ISS' kr.203 share...
Price Target Changed • Sep 11Price target increased by 8.4% to kr.194Up from kr.179, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of kr.203. Stock is up 60% over the past year. The company is forecast to post earnings per share of kr.16.20 for next year compared to kr.14.55 last year.
분석 기사 • Aug 30Market Cool On ISS A/S' (CPH:ISS) EarningsWith a price-to-earnings (or "P/E") ratio of 11.5x ISS A/S ( CPH:ISS ) may be sending bullish signals at the moment...
분석 기사 • Aug 15ISS A/S (CPH:ISS) Just Released Its Half-Year Results And Analysts Are Updating Their EstimatesCPSE:ISS 1 Year Share Price vs Fair Value Explore ISS's Fair Values from the Community and select yours Investors in...
New Risk • Aug 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 13First half 2025 earnings released: EPS: kr.5.94 (vs kr.5.11 in 1H 2024)First half 2025 results: EPS: kr.5.94 (up from kr.5.11 in 1H 2024). Revenue: kr.41.6b (up 2.3% from 1H 2024). Net income: kr.1.02b (up 8.7% from 1H 2024). Profit margin: 2.4% (up from 2.3% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
분석 기사 • Aug 11Is ISS A/S (CPH:ISS) Potentially Undervalued?While ISS A/S ( CPH:ISS ) might not have the largest market cap around , it saw a double-digit share price rise of over...
분석 기사 • Jul 06ISS A/S' (CPH:ISS) Intrinsic Value Is Potentially 91% Above Its Share PriceKey Insights Using the 2 Stage Free Cash Flow to Equity, ISS fair value estimate is kr.342 ISS' kr.180 share price...
분석 기사 • May 29There's No Escaping ISS A/S' (CPH:ISS) Muted EarningsWith a price-to-earnings (or "P/E") ratio of 11.4x ISS A/S ( CPH:ISS ) may be sending bullish signals at the moment...
공시 • Apr 11ISS A/S Approves Board ElectionsISS A/S at its AGM held on April 11, 2025, approved the election of Jens Bjørn Andersen and Henrik Lind as new members of the Board of Directors. Constitution of the Board of Directors: After the Annual General Meeting, the Board of Directors constituted itself by electing Niels Smedegaard as Chair of the Board of Directors and Jens Bjørn Andersen as Deputy Chair of the Board of Directors.
Upcoming Dividend • Apr 07Upcoming dividend of kr.3.10 per shareEligible shareholders must have bought the stock before 14 April 2025. Payment date: 16 April 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Danish dividend payers (5.0%). Lower than average of industry peers (3.8%).
Price Target Changed • Mar 06Price target increased by 7.6% to kr.166Up from kr.154, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of kr.162. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr.16.54 for next year compared to kr.14.55 last year.
Declared Dividend • Feb 23Dividend increased to kr.3.10Dividend of kr.3.10 is 35% higher than last year. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 21Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: kr.14.59 (up from kr.10.42 in FY 2023). Revenue: kr.83.8b (up 6.5% from FY 2023). Net income: kr.2.63b (up 36% from FY 2023). Profit margin: 3.1% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
공시 • Feb 21ISS A/S announces Annual dividend, payable on April 16, 2025ISS A/S announced Annual dividend of DKK 3.1000 per share payable on April 16, 2025, ex-date on April 14, 2025 and record date on April 15, 2025.
공시 • Feb 20ISS A/S (CPSE:ISS) announces an Equity Buyback for DKK 2,500 million worth of its shares.ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to DKK 2,500 million worth of its shares. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital; and to meet obligations arising from the company's share-based incentive program. The program is expected to be completed in two separate tranches. The program will expire on February 13, 2026.
공시 • Jan 10ISS A/S, Annual General Meeting, Apr 11, 2025ISS A/S, Annual General Meeting, Apr 11, 2025.
공시 • Jan 09+ 1 more updateISS A/S Announces Not to Seek Re-Election of Soren Thorup Sorensen to the Board and Member of the Audit & Risk CommitteeISS A/S announced Soren Thorup Sorensen, CEO of KIRKBI A/S, has decided not to seek re-election at the upcoming Annual General Meeting. Soren Thorup Sorensen has served on the board of ISS A/S since 2020 and is a member of the Audit & Risk Committee.
공시 • Jan 02+ 1 more updateISS A/S to Report First Half, 2025 Results on Aug 12, 2025ISS A/S announced that they will report first half, 2025 results on Aug 12, 2025
공시 • Dec 04ISS A/S Announces Board ChangesISS A/S announced that a supplementary election of a group employee representative to the Board of Directors of ISS A/S has been held with the following elected as a Board member for the remainder of the existing 4-year term (until April 2027): Tove Møller Eriksen (Head of Optimization and Internal Controls). The newly elected group employee representative, Tove Møller Eriksen, will join the Board of Directors as of December 3, 2024. As alternates Tom Ketil Lund (Global Account Director), Vered Gilboa (People and Culture Director, GKA and Products) and Carsten Rasmussen (Financial Systems Manager) have been elected (in the listed order).
Reported Earnings • Aug 14First half 2024 earnings released: EPS: kr.5.11 (vs kr.4.16 in 1H 2023)First half 2024 results: EPS: kr.5.11 (up from kr.4.16 in 1H 2023). Revenue: kr.40.7b (up 6.1% from 1H 2023). Net income: kr.935.0m (up 21% from 1H 2023). Profit margin: 2.3% (up from 2.0% in 1H 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 5.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Aug 12ISS A/S Announces Resignation of Nada Elboayadi as Board MemberISS A/S announced that Nada Elboayadi is stepping down as an employee elected member of the Board of Directors of the company, as of 12 August 2024. Nada Elboayadi joined the ISS A/S Board of Directors in April 2019 as a member elected by the employees and joined the ISS Group 18 years ago.
공시 • May 03+ 1 more updateISS A/S Appoints Mads Holm as Member of the Executive Group Management Board, Effective 3 June 2024ISS A/S announced that on 3 June 2024, Mads Holm will take up the position as member of the Executive Group Management Board.
공시 • Apr 11ISS A/S Approves Election of Henriette Hallberg Thygesen as New Member of the Board of DirectorISS A/S announced that at its AGM held on April 11, 2024, shareholders approved the election of Henriette Hallberg Thygesen as new member of the Board of Directors.
Upcoming Dividend • Apr 05Upcoming dividend of kr.2.30 per shareEligible shareholders must have bought the stock before 12 April 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Danish dividend payers (5.6%). Lower than average of industry peers (2.7%).
Declared Dividend • Mar 18Dividend increased to kr.2.30Dividend of kr.2.30 is 9.5% higher than last year. Ex-date: 12th April 2024 Payment date: 16th April 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 15ISS A/S Proposes Dividend for the Year 2023ISS A/S at its annual meeting to be held on April 11, 2024, proposed distribution of a dividend of DKK 2.3 per share of nominally DKK 1 for the year 2023.
공시 • Feb 23ISS A/S (CPSE:ISS) announces an Equity Buyback for 18,000,000 shares, for DKK 1,000 million.ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to 18,000,000 shares for a total of DKK 1,000 million. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital; and to meet obligations arising from the company's share-based incentive program (LTIP). The program is expected to be completed in two separate tranches of DKK 500 million each. The program will expire on February 19, 2025.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: kr.10.38 (vs kr.10.43 in FY 2022)Full year 2023 results: EPS: kr.10.38. Revenue: kr.78.7b (up 2.8% from FY 2022). Net income: kr.1.93b (flat on FY 2022). Profit margin: 2.5% (in line with FY 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in Europe.
공시 • Jan 09ISS A/S Appoints Mads Holm as New Group Chief Financial Officer, Effective No Later Than 1 August 2024ISS A/S announced the appointment of Mads Holm as Group Chief Financial Officer. He will join ISS no later than 1 August 2024 and will be based in the Group’s Headquarters in Copenhagen. Mads Holm joins ISS from Equinor, where he currently holds the position as CFO of Equinor Renewables, as well as Member and former Chair of the Board for Equinor Asset Management. Since joining Equinor in 2012, Mads held several finance leadership positions including responsibility of Financial Reporting, Tax, Treasury, Investor Relations, Asset Management and supply chain excellence. Prior to Equinor, Mads held various positions within Danske Bank where he started in 2003, and he holds an MSc in Finance and Accounting from Copenhagen Business School. Interim Group CFO, Carsten Højlund, will continue in the current role to ensure a smooth hand over when Mads joins.
공시 • Nov 18ISS A/S Announces Change of Board of DirectorsISS A/S announced that Kadir Ünver is stepping down as an employee elected member of the Board of Directors of ISS A/S as of 20 November 2023. For the remaining part of the term, Kadir Ünver will be succeeded by the alternate Rune Christensen, who is Head of Legal Affairs & M&A Support.
공시 • Nov 10ISS A/S to Report First Half, 2024 Results on Aug 13, 2024ISS A/S announced that they will report first half, 2024 results on Aug 13, 2024
공시 • Nov 09+ 1 more updateISS A/S to Report Fiscal Year 2023 Results on Feb 22, 2024ISS A/S announced that they will report fiscal year 2023 results on Feb 22, 2024
Recent Insider Transactions • Nov 06Key Executive recently bought kr.399k worth of stockOn the 3rd of November, Kasper Fangel bought around 3k shares on-market at roughly kr.114 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr.4.2m. Kasper has been a buyer over the last 12 months, purchasing a net total of kr.699k worth in shares.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.117, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total returns to shareholders of 23% over the past three years.
Major Estimate Revision • Nov 02Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr.10.70 to kr.8.00 per share. Revenue forecast steady at kr.79.0b. Net income forecast to grow 240% next year vs 25% growth forecast for Commercial Services industry in Denmark. Consensus price target down from kr.172 to kr.162. Share price rose 11% to kr.110 over the past week.
공시 • Nov 02ISS A/S Revises Earnings Guidance for the Year 2023ISS A/S revised earnings guidance for the year 2023. For the year, the company organic growth is now expected to be around 9% (previously ‘7% – 9%’). Operating margin remains within the previous range (‘4.25% - 4.75%') with underlying margin expected to be around 4.6%.
공시 • Aug 24Gloria Diana Glang Steps Down as a Member of the Board of Directors of ISS A/S, Effective End of August 2023ISS A/S announced that Gloria Diana Glang steps down as a member of the Board of Directors. Gloria Diana Glang has taken up a new executive position and is required to step down from board positions in public listed companies. The resignation is effective end of August 2023. Gloria Diana Glang joined the ISS A/S’ Board of Directors in April 2023 and is a member of the Audit & Risk Committee as well as the Transaction Committee.
Recent Insider Transactions • Aug 21Key Executive recently bought kr.4.2m worth of stockOn the 18th of August, Jacob Aarup-Andersen bought around 35k shares on-market at roughly kr.119 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacob has been a buyer over the last 12 months, purchasing a net total of kr.8.1m worth in shares.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr.120, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total returns to shareholders of 23% over the past three years.
New Risk • Aug 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).
Recent Insider Transactions • Aug 11Key Executive recently bought kr.1.3m worth of stockOn the 10th of August, Jacob Aarup-Andersen bought around 10k shares on-market at roughly kr.130 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacob has been a buyer over the last 12 months, purchasing a net total of kr.4.0m worth in shares.
Reported Earnings • Aug 11First half 2023 earnings releasedFirst half 2023 results: Revenue: kr.39.7b (up 7.4% from 1H 2022). Net loss: kr.589.0m (down 177% from profit in 1H 2022). 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 Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Jun 29+ 1 more updateISS A/S Announces Resignation of Kasper Fangel as Group CFO, Effective 1 September 2023ISS A/S announced the appointment of Kasper Fangel as the company's new Group CEO, effective 1 September 2023. This appointment comes after the resignation of Jacob Aarup-Andersen in March 2023. With a distinguished track record in the industry and current Group Chief Financial Officer of ISS, Kasper brings a wealth of experience and expertise to this new role. Throughout his career, Kasper has demonstrated exceptional leadership skills and a deep understanding of the facility management industry. His strategic vision, coupled with a strong focus on financials, operational excellence and customer-centricity, made him the ideal choice for ISS. Jacob Aarup-Andersen will remain at ISS until 31 August 2023 and will commence an onboarding with Kasper, over the next 2 months, to ensure a smooth transition. ISS has initiated a search process for the new Group CFO which will include both internal and external candidates. The appointment of a new Group CFO will be made in due course.
Recent Insider Transactions • May 28Key Executive recently bought kr.1.3m worth of stockOn the 25th of May, Jacob Aarup-Andersen bought around 10k shares on-market at roughly kr.132 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacob has been a buyer over the last 12 months, purchasing a net total of kr.2.6m worth in shares.
Board Change • May 09High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Independent Director Reshma Ramachandran was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 07Upcoming dividend of kr.2.10 per share at 1.5% yieldEligible shareholders must have bought the stock before 14 April 2023. Payment date: 18 April 2023. Trailing yield: 1.5%. Lower than top quartile of Danish dividend payers (4.3%). Lower than average of industry peers (2.8%).
Recent Insider Transactions • Mar 20Key Executive recently bought kr.1.3m worth of stockOn the 17th of March, Jacob Aarup-Andersen bought around 10k shares on-market at roughly kr.129 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months.