DB:D2V

Stock Analysis Report

PARKEN Sport & Entertainment

Executive Summary

PARKEN Sport & Entertainment A/S operates in the sports industry in Denmark.

Rewards

PE ratio (14.5x) is below the German market (21.1x)

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record



Snowflake Analysis

Fair value with questionable track record.


Similar Companies

Share Price & News

How has PARKEN Sport & Entertainment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: D2V has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.1%

D2V

5.4%

DE Hospitality

1.7%

DE Market


1 Year Return

2.3%

D2V

11.0%

DE Hospitality

15.0%

DE Market

Return vs Industry: D2V underperformed the German Hospitality industry which returned 11% over the past year.

Return vs Market: D2V underperformed the German Market which returned 15% over the past year.


Shareholder returns

D2VIndustryMarket
7 Day1.1%5.4%1.7%
30 Day0%3.5%0.8%
90 Day1.1%-9.0%3.7%
1 Year4.8%2.3%15.8%11.0%18.5%15.0%
3 Year56.7%32.8%-4.5%-17.6%17.1%6.9%
5 Year104.4%73.3%-7.0%-26.6%24.3%7.3%

Price Volatility Vs. Market

How volatile is PARKEN Sport & Entertainment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is PARKEN Sport & Entertainment undervalued compared to its fair value and its price relative to the market?

14.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: D2V (€13.5) is trading above our estimate of fair value (€3.86)

Significantly Below Fair Value: D2V is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: D2V is good value based on its PE Ratio (14.5x) compared to the Hospitality industry average (23.8x).

PE vs Market: D2V is good value based on its PE Ratio (14.5x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate D2V's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: D2V is good value based on its PB Ratio (1.2x) compared to the DE Hospitality industry average (2.3x).


Next Steps

Future Growth

How is PARKEN Sport & Entertainment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.7%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PARKEN Sport & Entertainment has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has PARKEN Sport & Entertainment performed over the past 5 years?

25.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: D2V has high quality earnings.

Growing Profit Margin: D2V's current net profit margins (8.5%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: D2V's earnings have grown significantly by 25.5% per year over the past 5 years.

Accelerating Growth: D2V's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: D2V had negative earnings growth (-12%) over the past year, making it difficult to compare to the Hospitality industry average (-36.8%).


Return on Equity

High ROE: D2V's Return on Equity (8.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is PARKEN Sport & Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: D2V's short term assets (DKK331.8M) do not cover its short term liabilities (DKK600.8M).

Long Term Liabilities: D2V's short term assets (DKK331.8M) do not cover its long term liabilities (DKK1.2B).


Debt to Equity History and Analysis

Debt Level: D2V's debt to equity ratio (149.3%) is considered high.

Reducing Debt: D2V's debt to equity ratio has increased from 102.9% to 149.3% over the past 5 years.

Debt Coverage: D2V's debt is not well covered by operating cash flow (0.5%).

Interest Coverage: D2V's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet

Inventory Level: D2V has a high level of physical assets or inventory.

Debt Coverage by Assets: D2V's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is PARKEN Sport & Entertainment's current dividend yield, its reliability and sustainability?

2.46%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.3%markettop25%3.6%industryaverage5.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: D2V's dividend (2.46%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: D2V's dividend (2.46%) is low compared to the top 25% of dividend payers in the German market (3.59%).


Stability and Growth of Payments

Stable Dividend: D2V has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: D2V has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.7%), D2V's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average board tenure


CEO

Jan Harrit (54yo)

1.1yrs

Tenure

0

Mr. Jan Harrit serves as the Chief Executive Officer at PARKEN Sport & Entertainment A/S. 


Board Members

NamePositionTenureCompensationOwnership
Hans Carstensen
Director1.1yrsno datano data
Benny Olsen
Director21.1yrsno data0.0087% DKK11.6k
Henrik Møgelmose
Vice Chairman1.1yrsno data0.0051% DKK6.8k
Bo Rygaard
Chairman of the Board5.1yrsno datano data
Erik Skjærbæk
Independent Director11.1yrsno data30.14% DKK40.0m
Gert Petersen
Director1.1yrsno datano data
Karl Peter Sørensen
Independent Director11.1yrsno data20.77% DKK27.6m
William Kvist
Director1.1yrsno datano data

3.1yrs

Average Tenure

60.5yo

Average Age

Experienced Board: D2V's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PARKEN Sport & Entertainment A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PARKEN Sport & Entertainment A/S
  • Ticker: D2V
  • Exchange: DB
  • Founded: 1991
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: ø991.605m
  • Listing Market Cap: ø132.712m
  • Shares outstanding: 9.77m
  • Website: https://www.parken.dk

Location

  • PARKEN Sport & Entertainment A/S
  • Telia Parken
  • Per Henrik Lings Allé 2
  • Copenhagen
  • Capital Region of Denmark
  • 2100
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PARKENCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKNov 1997
D2VDB (Deutsche Boerse AG)YesShare CapitalDEEURNov 1997
0MDXLSE (London Stock Exchange)YesShare CapitalGBDKKNov 1997
PARKECBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKNov 1997

Biography

PARKEN Sport & Entertainment A/S operates in the sports industry in Denmark. The company operates a football stadium and club, and office properties. It is also involved in the operation of Lalandia holiday and activity centers; and construction, rental, and sale of holiday homes. The company was founded in 1991 and is based in Copenhagen, Denmark. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 21:05
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.