Netcompany Group A/S

DB:60N Stock Report

Market Cap: €2.3b

Netcompany Group Valuation

Is 60N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 60N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 60N (€47.34) is trading below our estimate of fair value (€68.96)

Significantly Below Fair Value: 60N is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 60N?

Key metric: As 60N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 60N. This is calculated by dividing 60N's market cap by their current earnings.
What is 60N's PE Ratio?
PE Ratio40.4x
EarningsDKK 417.60m
Market CapDKK 16.89b

Price to Earnings Ratio vs Peers

How does 60N's PE Ratio compare to its peers?

The above table shows the PE ratio for 60N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.7x
NA9 Nagarro
24x17.1%€1.3b
BC8 Bechtle
16.3x9.4%€4.1b
SANT Kontron
12.5x19.1%€1.1b
COK Cancom
18.1x1.1%€729.3m
60N Netcompany Group
40.4x30.0%€16.9b

Price-To-Earnings vs Peers: 60N is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does 60N's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
60N 40.4xIndustry Avg. 17.9xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 60N is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is 60N's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

60N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.4x
Fair PE Ratio29.4x

Price-To-Earnings vs Fair Ratio: 60N is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 60N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€47.34
€45.62
-3.6%
9.4%€51.88€40.22n/a7
Nov ’25€42.44
€44.67
+5.2%
9.5%€51.89€40.22n/a7
Oct ’25€41.42
€43.31
+4.6%
8.0%€50.15€39.55n/a8
Sep ’25€40.82
€41.61
+1.9%
13.4%€50.13€28.82n/a9
Aug ’25€38.32
€40.45
+5.6%
12.2%€46.38€28.82n/a9
Jul ’25€40.60
€40.62
+0.05%
12.6%€47.86€28.82n/a9
Jun ’25€40.40
€40.39
-0.03%
12.5%€47.85€28.82n/a9
May ’25€34.26
€37.74
+10.1%
13.3%€43.56€26.81n/a9
Apr ’25€38.13
€36.98
-3.0%
15.0%€43.60€26.83n/a9
Mar ’25€40.12
€36.98
-7.8%
15.0%€43.60€26.83n/a9
Feb ’25€37.46
€35.63
-4.9%
14.1%€43.60€26.83n/a9
Jan ’25€30.43
€34.51
+13.4%
13.2%€40.92€25.49n/a9
Dec ’24€29.12
€34.34
+17.9%
13.4%€40.89€25.47n/a9
Nov ’24€30.23
€38.14
+26.2%
13.0%€46.89€30.82€42.448
Oct ’24€36.16
€37.56
+3.9%
14.7%€46.96€28.17€41.427
Sep ’24€34.79
€37.56
+8.0%
14.7%€46.96€28.17€40.827
Aug ’24€42.52
€42.27
-0.6%
20.9%€57.73€28.86€38.328
Jul ’24€37.90
€42.11
+11.1%
21.6%€57.74€27.53€40.608
Jun ’24€37.57
€42.11
+12.1%
21.6%€57.74€27.53€40.408
May ’24€34.88
€42.05
+20.6%
21.7%€58.05€27.51€34.268
Apr ’24€33.36
€42.31
+26.8%
22.5%€59.79€27.55€38.138
Mar ’24€32.60
€42.31
+29.8%
22.5%€59.79€27.55€40.128
Feb ’24€36.86
€45.50
+23.4%
20.0%€59.83€34.95€37.467
Jan ’24€39.70
€55.98
+41.0%
12.7%€63.87€43.70€30.436
Dec ’23€45.48
€55.86
+22.8%
12.7%€63.86€43.69€29.126
Nov ’23€35.28
€53.68
+52.1%
15.5%€63.82€37.62€30.236

Analyst Forecast: Target price is lower than the current share price.

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