Per Aarsleff Holding
Market Cap
ø4.4b
Last Updated
2019/12/10 20:46 UTC
Data Sources
Company Financials +
Executive Summary
Per Aarsleff Holding A/S, together with its subsidiaries, operates as a civil engineering contractor in Denmark and internationally.
Rewards
Risk Analysis
No risks detected for PAAL B from our risk checks.
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Per Aarsleff Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PAAL B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.2%
PAAL B
2.3%
DK Construction
1.8%
DK Market
1 Year Return
12.7%
PAAL B
24.0%
DK Construction
23.0%
DK Market
Return vs Industry: PAAL B underperformed the Danish Construction industry which returned 24% over the past year.
Return vs Market: PAAL B underperformed the Danish Market which returned 23% over the past year.
Shareholder returns
| PAAL B | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 2.3% | 1.8% |
| 30 Day | -0.9% | 0.3% | 2.9% |
| 90 Day | -9.8% | 4.0% | 9.2% |
| 1 Year | 15.4%12.7% | 28.2%24.0% | 26.8%23.0% |
| 3 Year | 40.9%31.9% | 28.6%16.5% | 57.4%44.0% |
| 5 Year | 115.9%97.3% | 72.9%42.7% | 89.3%63.2% |
Price Volatility Vs. Market
How volatile is Per Aarsleff Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What To Know Before Buying Per Aarsleff Holding A/S (CPH:PAAL B) For Its Dividend2 weeks ago | Simply Wall St
Is Per Aarsleff Holding (CPH:PAAL B) Using Too Much Debt?1 month ago | Simply Wall St
Despite Its High P/E Ratio, Is Per Aarsleff Holding A/S (CPH:PAAL B) Still Undervalued?Valuation
Is Per Aarsleff Holding undervalued compared to its fair value and its price relative to the market?
34.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PAAL B (DKK217) is trading below our estimate of fair value (DKK332.43)
Significantly Below Fair Value: PAAL B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PAAL B is poor value based on its PE Ratio (12x) compared to the Construction industry average (11.5x).
PE vs Market: PAAL B is good value based on its PE Ratio (12x) compared to the Danish market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: PAAL B is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PAAL B is overvalued based on its PB Ratio (1.4x) compared to the XE Construction industry average (1.2x).
Next Steps
Future Growth
How is Per Aarsleff Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
17.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAAL B's forecast earnings growth (17.7% per year) is above the savings rate (-0.3%).
Earnings vs Market: PAAL B's earnings (17.7% per year) are forecast to grow faster than the Danish market (12.1% per year).
High Growth Earnings: PAAL B's earnings are forecast to grow, but not significantly.
Revenue vs Market: PAAL B's revenue (4.4% per year) is forecast to grow slower than the Danish market (6.7% per year).
High Growth Revenue: PAAL B's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PAAL B's Return on Equity is forecast to be low in 3 years time (14.1%).
Next Steps
Past Performance
How has Per Aarsleff Holding performed over the past 5 years?
2.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PAAL B has high quality earnings.
Growing Profit Margin: PAAL B's current net profit margins (2.8%) are lower than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: PAAL B's earnings have grown by 2.7% per year over the past 5 years.
Accelerating Growth: PAAL B's earnings growth over the past year (7.4%) exceeds its 5-year average (2.7% per year).
Earnings vs Industry: PAAL B earnings growth over the past year (7.4%) underperformed the Construction industry 7.9%.
Return on Equity
High ROE: PAAL B's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Per Aarsleff Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PAAL B's short term assets (DKK5.6B) exceed its short term liabilities (DKK4.6B).
Long Term Liabilities: PAAL B's short term assets (DKK5.6B) exceed its long term liabilities (DKK632.0M).
Debt to Equity History and Analysis
Debt Level: PAAL B's debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: PAAL B's debt to equity ratio has reduced from 27.7% to 24.4% over the past 5 years.
Debt Coverage: PAAL B's debt is well covered by operating cash flow (158.6%).
Interest Coverage: PAAL B earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: PAAL B has a high level of physical assets or inventory.
Debt Coverage by Assets: PAAL B's debt is covered by short term assets (assets are 7.4x debt).
Next Steps
Dividend
What is Per Aarsleff Holding's current dividend yield, its reliability and sustainability?
2.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PAAL B's dividend (2.3%) is higher than the bottom 25% of dividend payers in the Danish market (1.52%).
High Dividend: PAAL B's dividend (2.3%) is low compared to the top 25% of dividend payers in the Danish market (5.02%).
Stability and Growth of Payments
Stable Dividend: PAAL B's dividends per share have been stable in the past 10 years.
Growing Dividend: PAAL B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.6%), PAAL B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PAAL B's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).
Next Steps
Management
What is the CEO of Per Aarsleff Holding's salary, the management and board of directors tenure and is there insider trading?
1.9yrs
Average management tenure
CEO
Jesper Jacobsen (49yo)
1.2yrs
Tenure
Mr. Jesper Kristian Jacobsen has been Chief Executive Officer at Per Aarsleff Holding A/S since October 1, 2018. He employed with Per Aarsleff Holding A/S since 2001. He served as Deputy General Manager at ...
Management Age and Tenure
1.9yrs
Average Tenure
49yo
Average Age
Experienced Management: PAAL B's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Age and Tenure
2.9yrs
Average Tenure
60yo
Average Age
Experienced Board: PAAL B's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Lars Carlsen (58yo)
Deputy Chief Executive Officer
- Tenure: 1.9yrs
Mogens Hestbæk (47yo)
Group Chief Financial Officer
- Tenure: 4.9yrs
Jesper Jacobsen (49yo)
Chief Executive Officer
- Tenure: 1.2yrs
Board Members
Jens Sørensen (62yo)
Deputy Chairman
- Tenure: 5.8yrs
Andreas Lundby (69yo)
Independent Chairman
- Tenure: 0yrs
Ebbe Iversen (68yo)
Director
- Tenure: 0.08yrs
Bjarne Hansen (58yo)
Director
- Tenure: 0.9yrs
Peter Poulsen (57yo)
Independent Director
- Tenure: 9.9yrs
Charlotte Strand (58yo)
Independent Director
- Tenure: 2.9yrs
Company Information
Per Aarsleff Holding A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Per Aarsleff Holding A/S
- Ticker: PAAL B
- Exchange: CPSE
- Founded: 1947
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: ø4.378b
- Shares outstanding: 20.17m
- Website: https://www.aarsleff.com
Number of Employees
Location
- Per Aarsleff Holding A/S
- Hasselager Allé 5
- Viby J
- Central Denmark Region
- 8260
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PAAL B | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Class B Shares | DK | DKK | Jan 1992 |
| 0REQ | LSE (London Stock Exchange) | Yes | Class B Shares | GB | DKK | Jan 1992 |
| PAALBC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | DKK | Jan 1992 |
| PE9 | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jan 1992 |
Biography
Per Aarsleff Holding A/S, together with its subsidiaries, operates as a civil engineering contractor in Denmark and internationally. It operates through Construction, Pipe Technologies, and Ground Engineer ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 20:46 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/09/30 |
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.