CPSE:NKT

Stock Analysis Report

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Executive Summary

NKT A/S develops, manufactures, and markets cables, accessories, and solutions worldwide. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has NKT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NKT is more volatile than 75% of Danish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NKT's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Danish stocks.


Market Performance


7 Day Return

-10.0%

NKT

-4.8%

DK Electrical

-2.1%

DK Market


1 Year Return

75.5%

NKT

37.9%

DK Electrical

23.6%

DK Market

Return vs Industry: NKT exceeded the Danish Electrical industry which returned 38.3% over the past year.

Return vs Market: NKT exceeded the Danish Market which returned 23.9% over the past year.


Shareholder returns

NKTIndustryMarket
7 Day-10.0%-4.8%-2.1%
30 Day3.8%9.9%2.8%
90 Day34.3%21.2%5.2%
1 Year98.8%75.5%41.3%37.9%26.0%23.6%
3 Year13.1%-0.2%56.6%44.7%52.4%40.5%
5 Year67.7%-29.5%138.3%9.7%70.7%48.8%

Long-Term Price Volatility Vs. Market

How volatile is NKT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NKT undervalued compared to its fair value and its price relative to the market?

1.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NKT (DKK263.2) is trading above our estimate of fair value (DKK107.69)

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


Price To Earnings Ratio

PE vs Industry: NKT is unprofitable, so we can't compare its PE Ratio to the XE Electrical industry average.

PE vs Market: NKT is unprofitable, so we can't compare its PE Ratio to the Danish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NKT is good value based on its PB Ratio (1.3x) compared to the XE Electrical industry average (3.2x).


Next Steps

Future Growth

How is NKT forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

71.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NKT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: NKT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NKT's is expected to become profitable in the next 3 years.

Revenue vs Market: NKT's revenue (10.6% per year) is forecast to grow faster than the Danish market (6.8% per year).

High Growth Revenue: NKT's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NKT's Return on Equity is forecast to be low in 3 years time (4.4%).


Next Steps

Past Performance

How has NKT performed over the past 5 years?

-34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NKT is currently unprofitable.

Growing Profit Margin: NKT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NKT is unprofitable, and losses have increased over the past 5 years at a rate of 34.4% per year.

Accelerating Growth: Unable to compare NKT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NKT is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-3.9%).


Return on Equity

High ROE: NKT has a negative Return on Equity (-7.8%), as it is currently unprofitable.


Next Steps

Financial Health

How is NKT's financial position?


Financial Position Analysis

Short Term Liabilities: NKT's short term assets (€749.0M) exceed its short term liabilities (€747.1M).

Long Term Liabilities: NKT's short term assets (€749.0M) exceed its long term liabilities (€418.7M).


Debt to Equity History and Analysis

Debt Level: NKT's debt to equity ratio (32.8%) is considered satisfactory.

Reducing Debt: NKT's debt to equity ratio has increased from 26.8% to 32.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NKT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NKT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 40.7% per year.


Next Steps

Dividend

What is NKT current dividend yield, its reliability and sustainability?

0.055%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NKT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NKT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NKT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NKT is not paying a notable dividend for the Danish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NKT's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Alexander Kara (59 yo)

1.42yrs

Tenure

Mr. Alexander Kara is Chief Executive Officer and President at NKT A/S since August 1, 2019. He is an internationally experienced executive in the power distribution industry, with in-depth market knowledg...


Leadership Team

NamePositionTenureCompensationOwnership
Alexander Kara
President & CEO1.42yrsno datano data
Line Fandrup
Executive VP & CFOno datano datano data
Dietmar Müller
Executive VP & COOno datano datano data
Anders Jensen
Executive VP & CTO3yrsno datano data
Michael Nielsen
Head of Investor Relationsno datano datano data
Janus Hillerup
Senior VP of Corporate Affairs & General Counselno datano datano data
Helle Gudiksen
Head of Group Communicationsno datano datano data
Lika Thiesen
Executive VP & Chief Human Resources Officer5.25yrsno datano data
Michael Hjorth
Executive VP & Chief Commercial Officer of HV Solutionsno datano datano data
Oliver Schlodder
Executive VPno datano datano data
Andreas Berthou
Executive VP & Head of HV Solutionsno datano datano data
Mika Makela
Executive VP & Head of HV Solutions Cologneno datano datano data

3.0yrs

Average Tenure

45yo

Average Age

Experienced Management: NKT's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jens Peter Olsen
Independent Chairman of the Board8yrs€120.00k0.085%
€ 9.7m
René Svendsen-Tune
Deputy Chairman4.75yrs€80.00k0.0093%
€ 1.1m
Jens Maaloe
Director17yrs€80.00k0.0012%
€ 135.7k
Andreas Nauen
Director3.25yrs€40.00kno data
Jutta af Rosenborg
Non-Executive Director5.83yrs€80.00kno data
Karla Lindahl
Director0.58yrno datano data
Stig Knudsen
Employee Representative Director3yrs€30.00kno data
Thomas Torp Hansen
Employee Representative Director1.08yrsno datano data
Renr Dogan
Employee representative Director0.083yrno datano data

3.3yrs

Average Tenure

57yo

Average Age

Experienced Board: NKT's board of directors are considered experienced (3.3 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 been substantially diluted in the past year, with total shares outstanding growing by 57.7%.


Top Shareholders

Company Information

NKT A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NKT A/S
  • Ticker: NKT
  • Exchange: CPSE
  • Founded: 1891
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: kr.11.311b
  • Shares outstanding: 42.98m
  • Website: https://www.nkt.com

Number of Employees


Location

  • NKT A/S
  • Vibeholms Allé 20
  • Brøndby
  • Capital Region of Denmark
  • 2605
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NKTCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKJan 1992
0MGCLSE (London Stock Exchange)YesOrdinary SharesGBDKKJan 1992
NKTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
NKTCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKJan 1992

Biography

NKT A/S develops, manufactures, and markets cables, accessories, and solutions worldwide. It operates through four segments: Solutions, Applications, Service & Accessories, and NKT Photonics. It offers low...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:03
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.