Pandora (0NQC) 주식 개요판도라 A/S는 전 세계 주얼리의 디자인, 제작 및 마케팅을 담당합니다. 자세히 보기0NQC 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장1/6과거 실적2/6재무 건전성2/6배당4/6강점공정 가치 추정치보다 낮은 29.6% 에서 거래동종업계 및 업계 대비 좋은 가치로 거래위험 분석향후 3년 동안 수익이 연평균 5.4% 감소할 것으로 예상됩니다.부채비율이 높네요불안정한 배당 실적모든 위험 점검 보기0NQC Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW488,161 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeINBLROAG488,161 investors already sharing narrativesYour Fair ValueDKK Current PriceDKK 744.942.4% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture039b2016201920222025202620282031Revenue DKK 39.3bEarnings DKK 6.2bAdvancedSet Fair ValueView all narrativesPandora A/S 경쟁사Burberry GroupSymbol: LSE:BRBYMarket cap: UK£3.8bGames Workshop GroupSymbol: LSE:GAWMarket cap: UK£7.1bBarratt RedrowSymbol: LSE:BTRWMarket cap: UK£3.9bPersimmonSymbol: LSE:PSNMarket cap: UK£3.4b가격 이력 및 성과Pandora 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가DKK 744.9452주 최고가DKK 1,123.7552주 최저가DKK 431.00베타1.261개월 변동26.82%3개월 변동58.02%1년 변동-32.68%3년 변동17.67%5년 변동-14.17%IPO 이후 변동204.06%최근 뉴스 및 업데이트Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.749, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,015 per share.공시 • May 08Pandora A/S Reaffirms Earnings Guidance for Fiscal Year 2026Pandora A/S reaffirmed earnings guidance for fiscal year 2026. For the year, the company expected EBIT margin of 21% to 22%.Reported Earnings • May 06Full year 2025 earnings released: EPS: kr.68.10 (vs kr.64.85 in FY 2024)Full year 2025 results: EPS: kr.68.10 (up from kr.64.85 in FY 2024). Revenue: kr.32.5b (up 2.7% from FY 2024). Net income: kr.5.24b (flat on FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury 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 fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.572, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.906 per share.Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Lars Sorensen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% 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 4.4% per year for the foreseeable future. Minor Risks High level of debt (152% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).더 많은 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jun 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.749, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,015 per share.공시 • May 08Pandora A/S Reaffirms Earnings Guidance for Fiscal Year 2026Pandora A/S reaffirmed earnings guidance for fiscal year 2026. For the year, the company expected EBIT margin of 21% to 22%.Reported Earnings • May 06Full year 2025 earnings released: EPS: kr.68.10 (vs kr.64.85 in FY 2024)Full year 2025 results: EPS: kr.68.10 (up from kr.64.85 in FY 2024). Revenue: kr.32.5b (up 2.7% from FY 2024). Net income: kr.5.24b (flat on FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury 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 fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.572, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.906 per share.Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Lars Sorensen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% 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 4.4% per year for the foreseeable future. Minor Risks High level of debt (152% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).공시 • Mar 11+ 1 more updatePandora A/S Approves Dividend for 2025Pandora A/S, at the AGM held on 11 March 2026 approved a dividend of DKK 22.00 per share of DKK 1 be paid on the profit for the year 2025.Upcoming Dividend • Mar 05Upcoming dividend of kr.22.00 per shareEligible shareholders must have bought the stock before 12 March 2026. Payment date: 16 March 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.1%).공시 • Feb 24Pandora A/S Appoints David Boynton as Managing Director of Northern EuropePandora A/S has named David Boynton as its new managing director of Northern Europe. The appointment marks a return to an executive role for Boynton, who had previously served as chief executive officer of The Body Shop for over five years. Boynton has also been at the helm of Charles Tyrwhitt, cosmetics brand L’Occitane and Hong Kong-based AS Watson. Since June 2023, Boynton had been operating under his advisory business, Boynton Advisory Limited, through which he served as a board level advisor to start-ups and high-growth companies. He announced his latest appointment on LinkedIn, where he said it felt like the right time to return to an executive role after a period of working as an advisor and non-executive director.Recent Insider Transactions • Feb 16Independent Director recently bought kr.542k worth of stockOn the 9th of February, Marianne Kirkegaard bought around 1k shares on-market at roughly kr.542 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr.18m more in shares than they bought in the last 12 months.Recent Insider Transactions • Feb 13Independent Director recently bought kr.542k worth of stockOn the 9th of February, Marianne Kirkegaard bought around 1k shares on-market at roughly kr.542 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr.18m more in shares than they bought in the last 12 months.Declared Dividend • Feb 09Dividend increased to kr.22.00Dividend of kr.22.00 is 10% higher than last year. Ex-date: 12th March 2026 Payment date: 16th March 2026 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.5% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.공시 • Feb 07+ 1 more updatePandora A/S Provides Earnings Guidance for 2026Pandora A/S provided earnings guidance for 2026. For the period, the company expects organic revenue growth of -1% to +2% and EBIT margin of 21% to 22%.공시 • Feb 06+ 1 more updatePandora A/S Proposes Dividend for 2024Pandora A/S proposed that a dividend of DKK 22.00 per share of DKK 1 be paid according to the Annual Report 2025.Reported Earnings • Feb 05Full year 2025 earnings released: EPS: kr.68.10 (vs kr.64.85 in FY 2024)Full year 2025 results: EPS: kr.68.10 (up from kr.64.85 in FY 2024). Revenue: kr.32.5b (up 2.7% from FY 2024). Net income: kr.5.24b (flat on FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury 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 fallen by 6% per year, which means it is significantly lagging earnings.New Risk • Jan 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risks High level of debt (395% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (kr.19m sold).Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr.594, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.959 per share.New Risk • Jan 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks High level of debt (395% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (kr.19m sold).공시 • Jan 09Pandora A/S Provides Earnings Guidance for 2025Pandora A/S provided earnings guidance for 2025. For the quarter, EBIT margin is expected to land at around 33.5%, reflecting the strong gross margin and good cost control. For the year the company expects EBIT to land around DKK 7.8 billion. Group EBIT margin for 2025 is expected to be in line with guidance of around 24%.Recent Insider Transactions • Dec 05President & CEO recently sold kr.19m worth of stockOn the 3rd of December, Alexander Lacik sold around 25k shares on-market at roughly kr.750 per share. This transaction amounted to 9.2% 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 Alexander's only on-market trade for the last 12 months.공시 • Nov 08+ 2 more updatesPandora A/S to Report Q1, 2026 Results on May 06, 2026Pandora A/S announced that they will report Q1, 2026 results on May 06, 2026Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: kr.6.30 (vs kr.7.30 in 3Q 2024)Third quarter 2025 results: EPS: kr.6.30 (down from kr.7.30 in 3Q 2024). Revenue: kr.6.27b (up 2.7% from 3Q 2024). Net income: kr.489.0m (down 18% from 3Q 2024). Profit margin: 7.8% (down from 9.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.공시 • Nov 05Pandora A/S Maintains Earnings Guidance for the Year 2025Pandora A/S maintained earnings guidance for the year 2025. The company maintains guidance for 2025 of “7-8% organic growth”. The EBIT margin guidance for 2025 is also maintained at “around 24%”.공시 • Oct 02+ 1 more updatePandora A/S Announces Change of PresidentPandora announced that Alexander Lacik has decided to retire at the next annual general meeting on March 11, 2026 after almost seven years as President of Pandora. He will hand over to Chief Marketing Officer (CMO) Berta de Pablos-Barbier who will become the new President. She will lead the company’s continued strategic evolution as a full jewellery brand, building on the strong results during Alexander Lacik’s tenure. Berta de Pablos-Barbier joined Pandora as CMO and member of Pandora’s Executive Leadership Team in November 2024. As CMO, she has successfully led the strategic positioning of Pandora as a full jewellery brand, the key lever in the company’s growth strategy, Phoenix. Brand awareness has reached an all-time high, and the company’s product assortment and marketing mix have been infused with new innovations. Berta de Pablos-Barbier is a Spanish national with 30 years of international executive experience from global luxury and consumer goods brands. Before joining Pandora, she served as President & CEO of LVMH’s champagne brands Moët & Chandon, Dom Perignon and Mercier, and prior to that she was the Chief Growth Officer of Mars Wrigley, CMO of Lacoste, and VP of Marketing & Communications at Kering-owned jeweller Boucheron. The appointment of Berta de Pablos-Barbier follows a diligent global search process as part of the Board of Directors’ long-term succession planning. Since joining Pandora as President and CEO in April 2019, Alexander Lacik has led a successful turnaround and launched the Phoenix strategy to transform Pandora into a full jewellery brand. Under his leadership, revenue has grown by 45%, and the global workforce has expanded from 24,000 to 37,000. Pandora has emerged as a digital leader in consumer brands and is now ranked among the world’s 100 most valuable brands and 50 most sustainable companies. Berta de Pablos-Barbier resume: Pandora, Chief Marketing Officer from 2024; Moët & Chandon, President and CEO from 2020-2024; Mars, Chief Growth Officer from 2015-2020; Lacoste, Chief Marketing Officer from 2012-2015; Boucheron, VP, Global Marketing & Communications from 2008-2011.Reported Earnings • Aug 15First quarter 2025 earnings released: EPS: kr.14.00 (vs kr.11.80 in 1Q 2024)First quarter 2025 results: EPS: kr.14.00 (up from kr.11.80 in 1Q 2024). Revenue: kr.7.35b (up 7.5% from 1Q 2024). Net income: kr.1.10b (up 14% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 15New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: Minor Risks High level of debt (241% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to kr.846, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,428 per share.공시 • Aug 15Pandora A/S to Report Fiscal Year 2025 Results on Feb 06, 2026Pandora A/S announced that they will report fiscal year 2025 results on Feb 06, 2026공시 • Aug 14Pandora A/S Appoints Lars Sandahl Sørensen as Member of the Board of DirectorsPandora A/S at its Extraordinary General Meeting on August 14, 2025 announced that Lars Sandahl Sørensen was elected as member of the Board of Directors.공시 • Jul 15Pandora A/S Announces Deputy Chair, Christian Frigast Informs the Board That He Will Not Stand for Re-Election At the Next Annual General Meeting in 2026Pandora A/S announced that Deputy Chair, Christian Frigast has informed the Board that he will not stand for re-election at the next Annual General Meeting in 2026. Christian Frigast was managing partner at private equity firm Axcel, which acquired Pandora from the company’s founders in 2008 and led the company to its IPO in 2010. Since then, Christian Frigast has served as Deputy Chair on Pandora’s Board of Directors.Buy Or Sell Opportunity • Jul 01Now 21% undervaluedOver the last 90 days, the stock has risen 3.3% to kr.1,098. The fair value is estimated to be kr.1,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.1,203, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,899 per share.Reported Earnings • May 07First quarter 2025 earnings released: EPS: kr.14.00 (vs kr.11.80 in 1Q 2024)First quarter 2025 results: EPS: kr.14.00 (up from kr.11.80 in 1Q 2024). Revenue: kr.7.35b (up 7.5% from 1Q 2024). Net income: kr.1.10b (up 14% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to kr.868, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 49% over the past three years.공시 • Mar 12Pandora A/S Approves Dividend for the Year 2024Pandora A/S at its AGM held on March 12, 2025, approved the dividend of DKK 20.00 per share of DKK 1 be paid on the profit for the year available for distribution according to the Annual Report 2024.Upcoming Dividend • Mar 06Upcoming dividend of kr.20.00 per shareEligible shareholders must have bought the stock before 13 March 2025. Payment date: 17 March 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (1.6%).Declared Dividend • Feb 10Dividend increased to kr.20.00Dividend of kr.20.00 is 11% higher than last year. Ex-date: 13th March 2025 Payment date: 17th March 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Recent Insider Transactions • Feb 08Executive VP & CFO recently sold kr.54m worth of stockOn the 5th of February, Anders Boyer-Søgaard sold around 40k shares on-market at roughly kr.1,353 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anders has been a net seller over the last 12 months, reducing personal holdings by kr.76m.공시 • Feb 08Pandora A/S Proposes Dividend for 2024Pandora A/S Board of Directors will propose at the Annual General Meeting that a dividend of DKK 20 per share (2023: DKK 18 per share), corresponding to DKK 1.6 billion, be distributed for 2024.공시 • Feb 07Pandora A/S American Depositary Receipts - Sponsored to Be Deleted from OTC EquityPandora A/S American Depositary Receipts - Sponsored will be deleted from OTC Equity effective February 06, 2025. due to Sponsored to Unsponsored Conversion.공시 • Feb 06Pandora A/S, Annual General Meeting, Mar 12, 2025Pandora A/S, Annual General Meeting, Mar 12, 2025.Reported Earnings • Feb 06Full year 2024 earnings released: EPS: kr.64.85 (vs kr.55.50 in FY 2023)Full year 2024 results: EPS: kr.64.85 (up from kr.55.50 in FY 2023). Revenue: kr.31.7b (up 13% from FY 2023). Net income: kr.5.23b (up 10% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: kr.7.30 (vs kr.6.30 in 3Q 2023)Third quarter 2024 results: EPS: kr.7.30 (up from kr.6.30 in 3Q 2023). Revenue: kr.6.10b (up 9.5% from 3Q 2023). Net income: kr.595.0m (up 9.6% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Nov 07+ 2 more updatesPandora A/S to Report Q3, 2025 Results on Nov 05, 2025Pandora A/S announced that they will report Q3, 2025 results on Nov 05, 2025공시 • Aug 22Pandora A/S to Report Fiscal Year 2024 Results on Feb 05, 2025Pandora A/S announced that they will report fiscal year 2024 results on Feb 05, 2025Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: kr.9.70 (vs kr.8.90 in 2Q 2023)Second quarter 2024 results: EPS: kr.9.70 (up from kr.8.90 in 2Q 2023). Revenue: kr.6.77b (up 15% from 2Q 2023). Net income: kr.799.0m (up 2.7% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.공시 • Aug 13Pandora A/S Revises Earnings Guidance for the Year 2024Pandora A/S revised earnings guidance for the year 2024. The company announced that Reflecting the solid performance YTD, the organic growth guidance range is updated to “9% to 12%” (previously 8% to 10%).Recent Insider Transactions • May 07Independent Chairman of the Board recently sold kr.5.7m worth of stockOn the 3rd of May, Peter Ruzicka sold around 5k shares on-market at roughly kr.1,138 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 sale from another insider worth kr.38m. Peter has been a net seller over the last 12 months, reducing personal holdings by kr.9.2m.Reported Earnings • May 02First quarter 2024 earnings released: EPS: kr.11.80 (vs kr.10.00 in 1Q 2023)First quarter 2024 results: EPS: kr.11.80 (up from kr.10.00 in 1Q 2023). Revenue: kr.6.83b (up 17% from 1Q 2023). Net income: kr.965.0m (up 8.5% from 1Q 2023). Profit margin: 14% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Lilian Biner was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 16Pandora A/S Approves Dividend for the Year 2023Pandora A/S announced that at its AGM held on March 14, 2024, shareholders approved the Board’s proposal that a dividend of DKK 18.00 per share of DKK 1 be paid on the profit for the year available for distribution according to the Annual Report 2023 was adopted.Upcoming Dividend • Mar 08Upcoming dividend of kr.18.00 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 19 March 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (6.3%). In line with average of industry peers (1.5%).Recent Insider Transactions • Feb 14President & CEO recently sold kr.38m worth of stockOn the 9th of February, Alexander Lacik sold around 35k shares on-market at roughly kr.1,074 per share. This transaction amounted to 12% 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 Alexander's only on-market trade for the last 12 months.Declared Dividend • Feb 12Dividend increased to kr.18.00Dividend of kr.18.00 is 13% higher than last year. Ex-date: 15th March 2024 Payment date: 19th March 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr.55.50 (vs kr.54.22 in FY 2022)Full year 2023 results: EPS: kr.55.50. Revenue: kr.28.1b (up 6.3% from FY 2022). Net income: kr.4.74b (down 5.7% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Europe.공시 • Feb 07+ 1 more updatePandora A/S Provides Earnings Guidance for the Year 2024Pandora A/S provided earnings guidance for the year 2024. The company targeted another year of solid growth whilst remaining mindful of the macroeconomic climate. Initial guidance for 2024 is “6-9%” organic growth and an EBIT margin “around 25%”.Recent Insider Transactions • Nov 14Independent Chairman of the Board recently sold kr.3.5m worth of stockOn the 9th of November, Peter Ruzicka sold around 4k shares on-market at roughly kr.881 per share. This transaction amounted to 13% 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 Peter's only on-market trade for the last 12 months.Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: kr.6.30 (vs kr.7.80 in 3Q 2022)Third quarter 2023 results: EPS: kr.6.30 (down from kr.7.80 in 3Q 2022). Revenue: kr.5.57b (up 5.9% from 3Q 2022). Net income: kr.543.0m (down 26% from 3Q 2022). Profit margin: 9.7% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공시 • Nov 09Pandora A/S Revises Earnings Guidance for the Year 2023Pandora A/S revised earnings guidance for the year 2023. For the year 2023, the company expects the organic growth guidance range is upgraded to "+5% to +6%" (previously +2% to +5%). The EBIT guidance remains unchanged at "around 25%".공시 • Nov 08+ 3 more updatesPandora A/S to Report Q2, 2024 Results on Aug 13, 2024Pandora A/S announced that they will report Q2, 2024 results on Aug 13, 2024Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr.821, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,309 per share.공시 • Aug 30Pandora, Reveals Expansion of Pandora Lab-Grown Diamonds with Three New CollectionsPandora, reveals the expansion of Pandora Lab-Grown Diamonds with three new collections. Re-writing the rules of diamond jewelry, Pandora continues its journey of democratizing diamonds and celebrating their power as vehicles for love, joy, and personal expression – bringing their sparkle to more wearing occasions and more people. Pandora Nova introduces a distinct, four-prong setting that reveals more of the diamond, so each round brilliant or princess cut stone can capture the light with more dimension, brilliance and warmth, as if floating in mid-air – like the 1 carat 14K gold and lab-grown diamond ring ($1,850). Pandora Era reimagines classic bezel and prong settings with a unique Pandora take. A pinnacle of this collection are the 14k gold trilogy pendant ($1,200) and bracelet ($990), which showcase three bezel-set stones in a row for quiet impact. PandoraTalisman features five pendant designs ($390-$990) – each a symbol like a heart or star that is also the lab-grown diamond's setting. The pendants offer an elevated take on beloved Pandora charms, crafted with 14k gold with a 0.25 or 0.75 round brilliant-cut lab-grown diamond at the center.공시 • Aug 17Pandora A/S Revises Earnings Guidance for the Year 2023Pandora A/S revised earnings guidance for the year 2023. The company announced that Reflecting the solid performance YTD, the organic growth guidance range is updated to “+2% to +5%” (previously -2% to +3%).공시 • Aug 16Pandora A/S to Report Fiscal Year 2023 Results on Feb 07, 2024Pandora A/S announced that they will report fiscal year 2023 results on Feb 07, 2024Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: kr.8.90 (vs kr.9.90 in 2Q 2022)Second quarter 2023 results: EPS: kr.8.90 (down from kr.9.90 in 2Q 2022). Revenue: kr.5.89b (up 4.2% from 2Q 2022). Net income: kr.778.0m (down 17% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Apr 20Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be kr.802, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period.Upcoming Dividend • Mar 10Upcoming dividend of kr.16.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 17 March 2023. Payment date: 21 March 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.4%).Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be kr.807, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 5.2% per annum over the same time period.공시 • Feb 18Pandora A/S Announces Resignation of Heine Dalsgaard from the Board of DirectorsPandora A/S announced that Heine Dalsgaard has decided not to seek re-election as director at the Annual General Meeting held to be on March 16, 2023.Reported Earnings • Feb 09Full year 2022 earnings released: EPS: kr.54.20 (vs kr.42.12 in FY 2021)Full year 2022 results: EPS: kr.54.20 (up from kr.42.12 in FY 2021). Revenue: kr.26.5b (up 13% from FY 2021). Net income: kr.5.03b (up 21% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in the United Kingdom. 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 23% per year, which means it is significantly lagging earnings growth.공시 • Feb 09Pandora A/S Provides Earnings Guidance for the Year 2023Pandora A/S provided earnings guidance for the year 2023. Initial guidance for 2023 is -3% to +3% organic growth and an EBIT margin around 25%. Current trading in 2023 has been solid with a good, broad-based pick-up in sell-out growth.공시 • Feb 08Pandora A/S Proposes Dividend for the Year 2022Pandora A/S proposed dividend of DKK 16 per share for the year 2022.Buying Opportunity • Feb 06Now 22% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be kr.754, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 6.5% per annum over the same time period.공시 • Jan 11Heine Dalsgaard Not to Stand for Re-Election from the Board of Pandora A/SPandora A/S announced that due to recent changes in his executive commitments, Heine Dalsgaard has decided not to seek re-election to company's Board at the Annual General Meeting in March 2023. Heine Dalsgaard joined Pandora’s Board in March 2021.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jan Zijderveld was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr.467, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Luxury industry in Europe. Total returns to shareholders of 79% over the past three years.공시 • Nov 09+ 3 more updatesPandora A/S to Report Q3, 2023 Results on Nov 08, 2023Pandora A/S announced that they will report Q3, 2023 results on Nov 08, 2023공시 • Nov 08Pandora A/S, Annual General Meeting, Mar 16, 2023Pandora A/S, Annual General Meeting, Mar 16, 2023.Reported Earnings • May 05First quarter 2022 earnings released: EPS: kr.10.50 (vs kr.6.30 in 1Q 2021)First quarter 2022 results: EPS: kr.10.50 (up from kr.6.30 in 1Q 2021). Revenue: kr.5.69b (up 26% from 1Q 2021). Net income: kr.995.0m (up 58% from 1Q 2021). Profit margin: 18% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.7%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jan Zijderveld was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to kr.558, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 100% over the past three years.Upcoming Dividend • Mar 04Upcoming dividend of kr.16.00 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (1.5%).Reported Earnings • Feb 10Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr.42.10 (up from kr.19.97 in FY 2020). Revenue: kr.23.4b (up 23% from FY 2020). Net income: kr.4.16b (up 115% from FY 2020). Profit margin: 18% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.0%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.Upcoming Dividend • Nov 08Inaugural dividend of kr.5.00 per shareEligible shareholders must have bought the stock before 15 November 2021. Payment date: 17 November 2021. The company last paid an ordinary dividend in March 2020. The average dividend yield among industry peers is 0.9%.주주 수익률0NQCGB LuxuryGB 시장7D8.2%0.7%0.6%1Y-32.7%-5.1%17.8%전체 주주 수익률 보기수익률 대 산업: 0NQC은 지난 1년 동안 -5.1%의 수익을 기록한 UK Luxury 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 0NQC은 지난 1년 동안 17.8%를 기록한 UK 시장보다 저조한 성과를 냈습니다.주가 변동성Is 0NQC's price volatile compared to industry and market?0NQC volatility0NQC Average Weekly Movement5.8%Luxury Industry Average Movement4.8%Market Average Movement5.4%10% most volatile stocks in GB Market10.7%10% least volatile stocks in GB Market3.0%안정적인 주가: 0NQC는 지난 3개월 동안 UK 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 0NQC의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트198239,000Berta De Pablos-Barbierwww.pandoragroup.com판도라 A/S는 전 세계 주얼리의 디자인, 제작 및 마케팅에 관여합니다. 이 회사는 코어와 퓨얼 위드 모어의 두 부문으로 운영됩니다. 참과 캐리어 제품, 그리고 실험실에서 재배한 다이아몬드를 제공합니다.더 보기Pandora A/S 기초 지표 요약Pandora의 순이익과 매출은 시가총액과 어떻게 비교됩니까?0NQC 기초 통계시가총액DKK 52.43b순이익 (TTM)DKK 5.08b매출 (TTM)DKK 32.31b10.3x주가수익비율(P/E)1.6x주가매출비율(P/S)0NQC는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표0NQC 손익계산서 (TTM)매출DKK 32.31b매출원가DKK 6.77b총이익DKK 25.54b기타 비용DKK 20.46b순이익DKK 5.08b최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 13, 2026주당순이익(EPS)72.01총이익률79.05%순이익률15.73%부채/자본 비율273.2%0NQC의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당3.0%현재 배당 수익률33%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/01 02:11종가2026/07/01 00:00수익2026/03/31연간 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Pandora A/S는 34명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierMariana Horn UribeBerenbergLuca SolcaBernstein31명의 분석가 더 보기
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.749, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,015 per share.
공시 • May 08Pandora A/S Reaffirms Earnings Guidance for Fiscal Year 2026Pandora A/S reaffirmed earnings guidance for fiscal year 2026. For the year, the company expected EBIT margin of 21% to 22%.
Reported Earnings • May 06Full year 2025 earnings released: EPS: kr.68.10 (vs kr.64.85 in FY 2024)Full year 2025 results: EPS: kr.68.10 (up from kr.64.85 in FY 2024). Revenue: kr.32.5b (up 2.7% from FY 2024). Net income: kr.5.24b (flat on FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury 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 fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.572, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.906 per share.
Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Lars Sorensen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% 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 4.4% per year for the foreseeable future. Minor Risks High level of debt (152% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.749, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,015 per share.
공시 • May 08Pandora A/S Reaffirms Earnings Guidance for Fiscal Year 2026Pandora A/S reaffirmed earnings guidance for fiscal year 2026. For the year, the company expected EBIT margin of 21% to 22%.
Reported Earnings • May 06Full year 2025 earnings released: EPS: kr.68.10 (vs kr.64.85 in FY 2024)Full year 2025 results: EPS: kr.68.10 (up from kr.64.85 in FY 2024). Revenue: kr.32.5b (up 2.7% from FY 2024). Net income: kr.5.24b (flat on FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury 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 fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr.572, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.906 per share.
Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Lars Sorensen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% 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 4.4% per year for the foreseeable future. Minor Risks High level of debt (152% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).
공시 • Mar 11+ 1 more updatePandora A/S Approves Dividend for 2025Pandora A/S, at the AGM held on 11 March 2026 approved a dividend of DKK 22.00 per share of DKK 1 be paid on the profit for the year 2025.
Upcoming Dividend • Mar 05Upcoming dividend of kr.22.00 per shareEligible shareholders must have bought the stock before 12 March 2026. Payment date: 16 March 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.1%).
공시 • Feb 24Pandora A/S Appoints David Boynton as Managing Director of Northern EuropePandora A/S has named David Boynton as its new managing director of Northern Europe. The appointment marks a return to an executive role for Boynton, who had previously served as chief executive officer of The Body Shop for over five years. Boynton has also been at the helm of Charles Tyrwhitt, cosmetics brand L’Occitane and Hong Kong-based AS Watson. Since June 2023, Boynton had been operating under his advisory business, Boynton Advisory Limited, through which he served as a board level advisor to start-ups and high-growth companies. He announced his latest appointment on LinkedIn, where he said it felt like the right time to return to an executive role after a period of working as an advisor and non-executive director.
Recent Insider Transactions • Feb 16Independent Director recently bought kr.542k worth of stockOn the 9th of February, Marianne Kirkegaard bought around 1k shares on-market at roughly kr.542 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr.18m more in shares than they bought in the last 12 months.
Recent Insider Transactions • Feb 13Independent Director recently bought kr.542k worth of stockOn the 9th of February, Marianne Kirkegaard bought around 1k shares on-market at roughly kr.542 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr.18m more in shares than they bought in the last 12 months.
Declared Dividend • Feb 09Dividend increased to kr.22.00Dividend of kr.22.00 is 10% higher than last year. Ex-date: 12th March 2026 Payment date: 16th March 2026 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.5% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.
공시 • Feb 07+ 1 more updatePandora A/S Provides Earnings Guidance for 2026Pandora A/S provided earnings guidance for 2026. For the period, the company expects organic revenue growth of -1% to +2% and EBIT margin of 21% to 22%.
공시 • Feb 06+ 1 more updatePandora A/S Proposes Dividend for 2024Pandora A/S proposed that a dividend of DKK 22.00 per share of DKK 1 be paid according to the Annual Report 2025.
Reported Earnings • Feb 05Full year 2025 earnings released: EPS: kr.68.10 (vs kr.64.85 in FY 2024)Full year 2025 results: EPS: kr.68.10 (up from kr.64.85 in FY 2024). Revenue: kr.32.5b (up 2.7% from FY 2024). Net income: kr.5.24b (flat on FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury 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 fallen by 6% per year, which means it is significantly lagging earnings.
New Risk • Jan 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risks High level of debt (395% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (kr.19m sold).
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr.594, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.959 per share.
New Risk • Jan 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks High level of debt (395% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (kr.19m sold).
공시 • Jan 09Pandora A/S Provides Earnings Guidance for 2025Pandora A/S provided earnings guidance for 2025. For the quarter, EBIT margin is expected to land at around 33.5%, reflecting the strong gross margin and good cost control. For the year the company expects EBIT to land around DKK 7.8 billion. Group EBIT margin for 2025 is expected to be in line with guidance of around 24%.
Recent Insider Transactions • Dec 05President & CEO recently sold kr.19m worth of stockOn the 3rd of December, Alexander Lacik sold around 25k shares on-market at roughly kr.750 per share. This transaction amounted to 9.2% 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 Alexander's only on-market trade for the last 12 months.
공시 • Nov 08+ 2 more updatesPandora A/S to Report Q1, 2026 Results on May 06, 2026Pandora A/S announced that they will report Q1, 2026 results on May 06, 2026
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: kr.6.30 (vs kr.7.30 in 3Q 2024)Third quarter 2025 results: EPS: kr.6.30 (down from kr.7.30 in 3Q 2024). Revenue: kr.6.27b (up 2.7% from 3Q 2024). Net income: kr.489.0m (down 18% from 3Q 2024). Profit margin: 7.8% (down from 9.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Nov 05Pandora A/S Maintains Earnings Guidance for the Year 2025Pandora A/S maintained earnings guidance for the year 2025. The company maintains guidance for 2025 of “7-8% organic growth”. The EBIT margin guidance for 2025 is also maintained at “around 24%”.
공시 • Oct 02+ 1 more updatePandora A/S Announces Change of PresidentPandora announced that Alexander Lacik has decided to retire at the next annual general meeting on March 11, 2026 after almost seven years as President of Pandora. He will hand over to Chief Marketing Officer (CMO) Berta de Pablos-Barbier who will become the new President. She will lead the company’s continued strategic evolution as a full jewellery brand, building on the strong results during Alexander Lacik’s tenure. Berta de Pablos-Barbier joined Pandora as CMO and member of Pandora’s Executive Leadership Team in November 2024. As CMO, she has successfully led the strategic positioning of Pandora as a full jewellery brand, the key lever in the company’s growth strategy, Phoenix. Brand awareness has reached an all-time high, and the company’s product assortment and marketing mix have been infused with new innovations. Berta de Pablos-Barbier is a Spanish national with 30 years of international executive experience from global luxury and consumer goods brands. Before joining Pandora, she served as President & CEO of LVMH’s champagne brands Moët & Chandon, Dom Perignon and Mercier, and prior to that she was the Chief Growth Officer of Mars Wrigley, CMO of Lacoste, and VP of Marketing & Communications at Kering-owned jeweller Boucheron. The appointment of Berta de Pablos-Barbier follows a diligent global search process as part of the Board of Directors’ long-term succession planning. Since joining Pandora as President and CEO in April 2019, Alexander Lacik has led a successful turnaround and launched the Phoenix strategy to transform Pandora into a full jewellery brand. Under his leadership, revenue has grown by 45%, and the global workforce has expanded from 24,000 to 37,000. Pandora has emerged as a digital leader in consumer brands and is now ranked among the world’s 100 most valuable brands and 50 most sustainable companies. Berta de Pablos-Barbier resume: Pandora, Chief Marketing Officer from 2024; Moët & Chandon, President and CEO from 2020-2024; Mars, Chief Growth Officer from 2015-2020; Lacoste, Chief Marketing Officer from 2012-2015; Boucheron, VP, Global Marketing & Communications from 2008-2011.
Reported Earnings • Aug 15First quarter 2025 earnings released: EPS: kr.14.00 (vs kr.11.80 in 1Q 2024)First quarter 2025 results: EPS: kr.14.00 (up from kr.11.80 in 1Q 2024). Revenue: kr.7.35b (up 7.5% from 1Q 2024). Net income: kr.1.10b (up 14% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 15New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: Minor Risks High level of debt (241% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to kr.846, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,428 per share.
공시 • Aug 15Pandora A/S to Report Fiscal Year 2025 Results on Feb 06, 2026Pandora A/S announced that they will report fiscal year 2025 results on Feb 06, 2026
공시 • Aug 14Pandora A/S Appoints Lars Sandahl Sørensen as Member of the Board of DirectorsPandora A/S at its Extraordinary General Meeting on August 14, 2025 announced that Lars Sandahl Sørensen was elected as member of the Board of Directors.
공시 • Jul 15Pandora A/S Announces Deputy Chair, Christian Frigast Informs the Board That He Will Not Stand for Re-Election At the Next Annual General Meeting in 2026Pandora A/S announced that Deputy Chair, Christian Frigast has informed the Board that he will not stand for re-election at the next Annual General Meeting in 2026. Christian Frigast was managing partner at private equity firm Axcel, which acquired Pandora from the company’s founders in 2008 and led the company to its IPO in 2010. Since then, Christian Frigast has served as Deputy Chair on Pandora’s Board of Directors.
Buy Or Sell Opportunity • Jul 01Now 21% undervaluedOver the last 90 days, the stock has risen 3.3% to kr.1,098. The fair value is estimated to be kr.1,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr.1,203, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,899 per share.
Reported Earnings • May 07First quarter 2025 earnings released: EPS: kr.14.00 (vs kr.11.80 in 1Q 2024)First quarter 2025 results: EPS: kr.14.00 (up from kr.11.80 in 1Q 2024). Revenue: kr.7.35b (up 7.5% from 1Q 2024). Net income: kr.1.10b (up 14% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to kr.868, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 49% over the past three years.
공시 • Mar 12Pandora A/S Approves Dividend for the Year 2024Pandora A/S at its AGM held on March 12, 2025, approved the dividend of DKK 20.00 per share of DKK 1 be paid on the profit for the year available for distribution according to the Annual Report 2024.
Upcoming Dividend • Mar 06Upcoming dividend of kr.20.00 per shareEligible shareholders must have bought the stock before 13 March 2025. Payment date: 17 March 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (1.6%).
Declared Dividend • Feb 10Dividend increased to kr.20.00Dividend of kr.20.00 is 11% higher than last year. Ex-date: 13th March 2025 Payment date: 17th March 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Recent Insider Transactions • Feb 08Executive VP & CFO recently sold kr.54m worth of stockOn the 5th of February, Anders Boyer-Søgaard sold around 40k shares on-market at roughly kr.1,353 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anders has been a net seller over the last 12 months, reducing personal holdings by kr.76m.
공시 • Feb 08Pandora A/S Proposes Dividend for 2024Pandora A/S Board of Directors will propose at the Annual General Meeting that a dividend of DKK 20 per share (2023: DKK 18 per share), corresponding to DKK 1.6 billion, be distributed for 2024.
공시 • Feb 07Pandora A/S American Depositary Receipts - Sponsored to Be Deleted from OTC EquityPandora A/S American Depositary Receipts - Sponsored will be deleted from OTC Equity effective February 06, 2025. due to Sponsored to Unsponsored Conversion.
공시 • Feb 06Pandora A/S, Annual General Meeting, Mar 12, 2025Pandora A/S, Annual General Meeting, Mar 12, 2025.
Reported Earnings • Feb 06Full year 2024 earnings released: EPS: kr.64.85 (vs kr.55.50 in FY 2023)Full year 2024 results: EPS: kr.64.85 (up from kr.55.50 in FY 2023). Revenue: kr.31.7b (up 13% from FY 2023). Net income: kr.5.23b (up 10% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: kr.7.30 (vs kr.6.30 in 3Q 2023)Third quarter 2024 results: EPS: kr.7.30 (up from kr.6.30 in 3Q 2023). Revenue: kr.6.10b (up 9.5% from 3Q 2023). Net income: kr.595.0m (up 9.6% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Nov 07+ 2 more updatesPandora A/S to Report Q3, 2025 Results on Nov 05, 2025Pandora A/S announced that they will report Q3, 2025 results on Nov 05, 2025
공시 • Aug 22Pandora A/S to Report Fiscal Year 2024 Results on Feb 05, 2025Pandora A/S announced that they will report fiscal year 2024 results on Feb 05, 2025
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: kr.9.70 (vs kr.8.90 in 2Q 2023)Second quarter 2024 results: EPS: kr.9.70 (up from kr.8.90 in 2Q 2023). Revenue: kr.6.77b (up 15% from 2Q 2023). Net income: kr.799.0m (up 2.7% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.
공시 • Aug 13Pandora A/S Revises Earnings Guidance for the Year 2024Pandora A/S revised earnings guidance for the year 2024. The company announced that Reflecting the solid performance YTD, the organic growth guidance range is updated to “9% to 12%” (previously 8% to 10%).
Recent Insider Transactions • May 07Independent Chairman of the Board recently sold kr.5.7m worth of stockOn the 3rd of May, Peter Ruzicka sold around 5k shares on-market at roughly kr.1,138 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 sale from another insider worth kr.38m. Peter has been a net seller over the last 12 months, reducing personal holdings by kr.9.2m.
Reported Earnings • May 02First quarter 2024 earnings released: EPS: kr.11.80 (vs kr.10.00 in 1Q 2023)First quarter 2024 results: EPS: kr.11.80 (up from kr.10.00 in 1Q 2023). Revenue: kr.6.83b (up 17% from 1Q 2023). Net income: kr.965.0m (up 8.5% from 1Q 2023). Profit margin: 14% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.
Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Lilian Biner was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 16Pandora A/S Approves Dividend for the Year 2023Pandora A/S announced that at its AGM held on March 14, 2024, shareholders approved the Board’s proposal that a dividend of DKK 18.00 per share of DKK 1 be paid on the profit for the year available for distribution according to the Annual Report 2023 was adopted.
Upcoming Dividend • Mar 08Upcoming dividend of kr.18.00 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 19 March 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (6.3%). In line with average of industry peers (1.5%).
Recent Insider Transactions • Feb 14President & CEO recently sold kr.38m worth of stockOn the 9th of February, Alexander Lacik sold around 35k shares on-market at roughly kr.1,074 per share. This transaction amounted to 12% 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 Alexander's only on-market trade for the last 12 months.
Declared Dividend • Feb 12Dividend increased to kr.18.00Dividend of kr.18.00 is 13% higher than last year. Ex-date: 15th March 2024 Payment date: 19th March 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr.55.50 (vs kr.54.22 in FY 2022)Full year 2023 results: EPS: kr.55.50. Revenue: kr.28.1b (up 6.3% from FY 2022). Net income: kr.4.74b (down 5.7% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Europe.
공시 • Feb 07+ 1 more updatePandora A/S Provides Earnings Guidance for the Year 2024Pandora A/S provided earnings guidance for the year 2024. The company targeted another year of solid growth whilst remaining mindful of the macroeconomic climate. Initial guidance for 2024 is “6-9%” organic growth and an EBIT margin “around 25%”.
Recent Insider Transactions • Nov 14Independent Chairman of the Board recently sold kr.3.5m worth of stockOn the 9th of November, Peter Ruzicka sold around 4k shares on-market at roughly kr.881 per share. This transaction amounted to 13% 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 Peter's only on-market trade for the last 12 months.
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: kr.6.30 (vs kr.7.80 in 3Q 2022)Third quarter 2023 results: EPS: kr.6.30 (down from kr.7.80 in 3Q 2022). Revenue: kr.5.57b (up 5.9% from 3Q 2022). Net income: kr.543.0m (down 26% from 3Q 2022). Profit margin: 9.7% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Nov 09Pandora A/S Revises Earnings Guidance for the Year 2023Pandora A/S revised earnings guidance for the year 2023. For the year 2023, the company expects the organic growth guidance range is upgraded to "+5% to +6%" (previously +2% to +5%). The EBIT guidance remains unchanged at "around 25%".
공시 • Nov 08+ 3 more updatesPandora A/S to Report Q2, 2024 Results on Aug 13, 2024Pandora A/S announced that they will report Q2, 2024 results on Aug 13, 2024
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr.821, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Luxury industry in Europe. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,309 per share.
공시 • Aug 30Pandora, Reveals Expansion of Pandora Lab-Grown Diamonds with Three New CollectionsPandora, reveals the expansion of Pandora Lab-Grown Diamonds with three new collections. Re-writing the rules of diamond jewelry, Pandora continues its journey of democratizing diamonds and celebrating their power as vehicles for love, joy, and personal expression – bringing their sparkle to more wearing occasions and more people. Pandora Nova introduces a distinct, four-prong setting that reveals more of the diamond, so each round brilliant or princess cut stone can capture the light with more dimension, brilliance and warmth, as if floating in mid-air – like the 1 carat 14K gold and lab-grown diamond ring ($1,850). Pandora Era reimagines classic bezel and prong settings with a unique Pandora take. A pinnacle of this collection are the 14k gold trilogy pendant ($1,200) and bracelet ($990), which showcase three bezel-set stones in a row for quiet impact. PandoraTalisman features five pendant designs ($390-$990) – each a symbol like a heart or star that is also the lab-grown diamond's setting. The pendants offer an elevated take on beloved Pandora charms, crafted with 14k gold with a 0.25 or 0.75 round brilliant-cut lab-grown diamond at the center.
공시 • Aug 17Pandora A/S Revises Earnings Guidance for the Year 2023Pandora A/S revised earnings guidance for the year 2023. The company announced that Reflecting the solid performance YTD, the organic growth guidance range is updated to “+2% to +5%” (previously -2% to +3%).
공시 • Aug 16Pandora A/S to Report Fiscal Year 2023 Results on Feb 07, 2024Pandora A/S announced that they will report fiscal year 2023 results on Feb 07, 2024
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: kr.8.90 (vs kr.9.90 in 2Q 2022)Second quarter 2023 results: EPS: kr.8.90 (down from kr.9.90 in 2Q 2022). Revenue: kr.5.89b (up 4.2% from 2Q 2022). Net income: kr.778.0m (down 17% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Apr 20Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be kr.802, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period.
Upcoming Dividend • Mar 10Upcoming dividend of kr.16.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 17 March 2023. Payment date: 21 March 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.4%).
Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be kr.807, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 5.2% per annum over the same time period.
공시 • Feb 18Pandora A/S Announces Resignation of Heine Dalsgaard from the Board of DirectorsPandora A/S announced that Heine Dalsgaard has decided not to seek re-election as director at the Annual General Meeting held to be on March 16, 2023.
Reported Earnings • Feb 09Full year 2022 earnings released: EPS: kr.54.20 (vs kr.42.12 in FY 2021)Full year 2022 results: EPS: kr.54.20 (up from kr.42.12 in FY 2021). Revenue: kr.26.5b (up 13% from FY 2021). Net income: kr.5.03b (up 21% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in the United Kingdom. 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 23% per year, which means it is significantly lagging earnings growth.
공시 • Feb 09Pandora A/S Provides Earnings Guidance for the Year 2023Pandora A/S provided earnings guidance for the year 2023. Initial guidance for 2023 is -3% to +3% organic growth and an EBIT margin around 25%. Current trading in 2023 has been solid with a good, broad-based pick-up in sell-out growth.
공시 • Feb 08Pandora A/S Proposes Dividend for the Year 2022Pandora A/S proposed dividend of DKK 16 per share for the year 2022.
Buying Opportunity • Feb 06Now 22% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be kr.754, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 6.5% per annum over the same time period.
공시 • Jan 11Heine Dalsgaard Not to Stand for Re-Election from the Board of Pandora A/SPandora A/S announced that due to recent changes in his executive commitments, Heine Dalsgaard has decided not to seek re-election to company's Board at the Annual General Meeting in March 2023. Heine Dalsgaard joined Pandora’s Board in March 2021.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jan Zijderveld was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr.467, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Luxury industry in Europe. Total returns to shareholders of 79% over the past three years.
공시 • Nov 09+ 3 more updatesPandora A/S to Report Q3, 2023 Results on Nov 08, 2023Pandora A/S announced that they will report Q3, 2023 results on Nov 08, 2023
공시 • Nov 08Pandora A/S, Annual General Meeting, Mar 16, 2023Pandora A/S, Annual General Meeting, Mar 16, 2023.
Reported Earnings • May 05First quarter 2022 earnings released: EPS: kr.10.50 (vs kr.6.30 in 1Q 2021)First quarter 2022 results: EPS: kr.10.50 (up from kr.6.30 in 1Q 2021). Revenue: kr.5.69b (up 26% from 1Q 2021). Net income: kr.995.0m (up 58% from 1Q 2021). Profit margin: 18% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.7%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jan Zijderveld was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to kr.558, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Luxury industry in Europe. Total returns to shareholders of 100% over the past three years.
Upcoming Dividend • Mar 04Upcoming dividend of kr.16.00 per shareEligible shareholders must have bought the stock before 11 March 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (1.5%).
Reported Earnings • Feb 10Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr.42.10 (up from kr.19.97 in FY 2020). Revenue: kr.23.4b (up 23% from FY 2020). Net income: kr.4.16b (up 115% from FY 2020). Profit margin: 18% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.0%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
Upcoming Dividend • Nov 08Inaugural dividend of kr.5.00 per shareEligible shareholders must have bought the stock before 15 November 2021. Payment date: 17 November 2021. The company last paid an ordinary dividend in March 2020. The average dividend yield among industry peers is 0.9%.
