Per Aarsleff Holding
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Per Aarsleff Holding A/S, together with its subsidiaries, operates as a civil engineering contractor in Denmark and internationally. The last earnings update was 83 days ago. More info.
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PAAL B Share Price and Events
7 Day Returns
1 Year Returns
PAAL B Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Per Aarsleff Holding (PAAL B) | 4.3% | 3.1% | 10.8% | -4.5% | 31.9% | 111.4% |
| DK Construction | 1.8% | -6.7% | -1.5% | -26% | 4.4% | -3.9% |
| DK Market | -0.7% | -1.3% | 0.7% | -0.8% | 4% | 36.9% |
1 Year Return vs Industry and Market
- PAAL B outperformed the Construction industry which returned -26% over the past year.
- PAAL B underperformed the Market in Denmark which returned -0.8% over the past year.
PAAL B Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Per Aarsleff Holding
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Per Aarsleff Holding.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.5% |
| Perpetual Growth Rate | 10-Year DK Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DK Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 0.98 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 22%) (12.03%)) |
1.051 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.05 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (1.051 * 5.96%) |
6.48% |
Discounted Cash Flow Calculation for CPSE:PAAL B using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Per Aarsleff Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (DKK, Millions) | Source |
Present Value Discounted (@ 6.48%) |
|
|---|---|---|---|
| 2019 | 314.67 | Analyst x3 | 295.53 |
| 2020 | 339.00 | Analyst x2 | 299.02 |
| 2021 | 389.00 | Analyst x2 | 322.25 |
| 2022 | 382.09 | Est @ -1.78% | 297.28 |
| 2023 | 377.58 | Est @ -1.18% | 275.91 |
| 2024 | 374.71 | Est @ -0.76% | 257.15 |
| 2025 | 372.95 | Est @ -0.47% | 240.38 |
| 2026 | 371.96 | Est @ -0.26% | 225.16 |
| 2027 | 371.51 | Est @ -0.12% | 211.21 |
| 2028 | 371.44 | Est @ -0.02% | 198.33 |
| Present value of next 10 years cash flows | DKK2,622.21 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= DKK371.44 × (1 + 0.21%) ÷ (6.48% – 0.21%) |
DKK5,943.84 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= DKK5,943.84 ÷ (1 + 6.48%)10 |
DKK3,173.67 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= DKK2,622.21 + DKK3,173.67 |
DKK5,795.88 |
| Equity Value per Share (DKK) |
= Total value / Shares Outstanding
= DKK5,795.88 / 20.28 |
DKK285.78 |
| Calculation | Result | |
|---|---|---|
| Value per share (DKK) | From above. | DKK285.78 |
| Current discount | Discount to share price of
DKK231.50
= -1 x (DKK231.50 - DKK285.78) / DKK285.78 |
19% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Per Aarsleff Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Per Aarsleff Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Per Aarsleff Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Per Aarsleff Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in DKK | DKK15.60 |
| CPSE:PAAL B Share Price ** | CPSE (2019-05-20) in DKK | DKK231.5 |
| Europe Construction Industry PE Ratio | Median Figure of 97 Publicly-Listed Construction Companies | 10.69x |
| Denmark Market PE Ratio | Median Figure of 103 Publicly-Listed Companies | 16.24x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Per Aarsleff Holding.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = CPSE:PAAL B Share Price ÷ EPS (both in DKK) = 231.5 ÷ 15.60 |
14.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Per Aarsleff Holding is overvalued based on earnings compared to the Europe Construction industry average.
- Per Aarsleff Holding is good value based on earnings compared to the Denmark market.
Price based on expected Growth
Does
Per Aarsleff Holding's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.84x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
19%per year |
| Europe Construction Industry PEG Ratio | Median Figure of 46 Publicly-Listed Construction Companies | 1.12x |
| Denmark Market PEG Ratio | Median Figure of 44 Publicly-Listed Companies | 2.16x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.84x ÷ 19% |
0.78x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Per Aarsleff Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Per Aarsleff Holding's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in DKK | DKK144.09 |
| CPSE:PAAL B Share Price * | CPSE (2019-05-20) in DKK | DKK231.5 |
| Denmark Construction Industry PB Ratio | Median Figure of 5 Publicly-Listed Construction Companies | 1.61x |
| Denmark Market PB Ratio | Median Figure of 135 Publicly-Listed Companies | 1.64x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = CPSE:PAAL B Share Price ÷ Book Value per Share (both in DKK) = 231.5 ÷ 144.09 |
1.61x |
* Primary Listing of Per Aarsleff Holding.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Per Aarsleff Holding is good value based on assets compared to the DK Construction industry average.
Value checks
We assess Per Aarsleff Holding's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) Per Aarsleff Holding has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PAAL B Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Per Aarsleff Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Per Aarsleff Holding's earnings growth is expected to exceed the Denmark market average.
- Per Aarsleff Holding's revenue growth is positive but not above the Denmark market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| CPSE:PAAL B Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 19% |
| CPSE:PAAL B Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 5.7% |
| Europe Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 12.4% |
| Europe Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 2.8% |
| Denmark Market Earnings Growth Rate | Market Cap Weighted Average | 11.9% |
| Denmark Market Revenue Growth Rate | Market Cap Weighted Average | 6.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in DKK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 15,775 | 1 | ||
| 2022-09-30 | 15,243 | 1 | ||
| 2021-09-30 | 15,216 | 874 | 513 | 2 |
| 2020-09-30 | 14,154 | 800 | 480 | 2 |
| 2019-09-30 | 12,717 | 832 | 349 | 3 |
| Date (Data in DKK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 12,495 | 1,029 | 318 |
| 2018-09-30 | 12,108 | 765 | 340 |
| 2018-06-30 | 11,773 | 716 | 341 |
| 2018-03-31 | 11,388 | 513 | 318 |
| 2017-12-31 | 11,274 | 713 | 272 |
| 2017-09-30 | 11,188 | 493 | 268 |
| 2017-06-30 | 11,058 | 339 | 251 |
| 2017-03-31 | 10,861 | 498 | 249 |
| 2016-12-31 | 10,781 | 193 | 286 |
| 2016-09-30 | 10,420 | 415 | 302 |
| 2016-06-30 | 10,334 | 658 | 335 |
| 2016-03-31 | 10,347 | 722 | 351 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Per Aarsleff Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in DKK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 25.30 | 25.30 | 25.30 | 1.00 |
| 2022-09-30 | 24.60 | 24.60 | 24.60 | 1.00 |
| 2021-09-30 | 24.95 | 25.80 | 24.11 | 2.00 |
| 2020-09-30 | 23.40 | 23.60 | 23.19 | 2.00 |
| 2019-09-30 | 17.04 | 17.17 | 16.90 | 2.00 |
| Date (Data in DKK Millions) | EPS * |
|---|---|
| 2018-12-31 | 15.60 |
| 2018-09-30 | 16.68 |
| 2018-06-30 | 16.75 |
| 2018-03-31 | 15.61 |
| 2017-12-31 | 13.36 |
| 2017-09-30 | 13.16 |
| 2017-06-30 | 12.31 |
| 2017-03-31 | 12.22 |
| 2016-12-31 | 14.04 |
| 2016-09-30 | 14.82 |
| 2016-06-30 | 16.40 |
| 2016-03-31 | 17.20 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Per Aarsleff Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Per Aarsleff Holding has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PAAL B Past Performance
How has Per Aarsleff Holding performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Per Aarsleff Holding's year on year earnings growth rate has been positive over the past 5 years.
- Per Aarsleff Holding's 1-year earnings growth exceeds its 5-year average (16.7% vs 5.8%)
- Per Aarsleff Holding's earnings growth has exceeded the Europe Construction industry average in the past year (16.7% vs 15.6%).
Earnings and Revenue History
All data from Per Aarsleff Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in DKK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 12,494.70 | 317.74 | 883.47 | |
| 2018-09-30 | 12,108.26 | 339.83 | 878.73 | |
| 2018-06-30 | 11,772.96 | 341.45 | 871.36 | |
| 2018-03-31 | 11,387.83 | 318.32 | 864.53 | |
| 2017-12-31 | 11,273.99 | 272.29 | 849.48 | |
| 2017-09-30 | 11,188.26 | 268.19 | 844.31 | |
| 2017-06-30 | 11,058.06 | 251.02 | 836.26 | |
| 2017-03-31 | 10,861.24 | 249.08 | 836.22 | |
| 2016-12-31 | 10,781.03 | 286.19 | 813.60 | |
| 2016-09-30 | 10,419.56 | 302.18 | 790.74 | |
| 2016-06-30 | 10,333.57 | 334.66 | 816.05 | |
| 2016-03-31 | 10,347.30 | 350.87 | 792.23 | |
| 2015-12-31 | 10,264.15 | 362.56 | 770.12 | |
| 2015-09-30 | 10,253.88 | 366.53 | 747.67 | |
| 2015-06-30 | 10,077.34 | 343.84 | 686.87 | |
| 2015-03-31 | 9,516.70 | 313.02 | 672.45 | |
| 2014-12-31 | 8,926.24 | 293.89 | 667.28 | |
| 2014-09-30 | 8,527.04 | 254.11 | 651.07 | |
| 2014-06-30 | 8,000.78 | 227.46 | 663.88 | |
| 2014-03-31 | 7,686.66 | 179.60 | 632.01 | |
| 2013-12-31 | 7,535.14 | 144.50 | 602.57 | |
| 2013-09-30 | 7,375.89 | 149.20 | 581.38 | |
| 2013-06-30 | 7,112.01 | 134.98 | 547.12 | |
| 2013-03-31 | 6,995.85 | 116.82 | 534.35 | |
| 2012-12-31 | 6,957.33 | 125.61 | 518.11 | |
| 2012-09-30 | 6,676.17 | 112.06 | 503.65 | |
| 2012-06-30 | 6,683.76 | 102.25 | 494.80 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Per Aarsleff Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Per Aarsleff Holding used its assets more efficiently than the Europe Construction industry average last year based on Return on Assets.
- Per Aarsleff Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Per Aarsleff Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Per Aarsleff Holding has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PAAL B Health
How is Per Aarsleff Holding's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Per Aarsleff Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
- Per Aarsleff Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Per Aarsleff Holding's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 8.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Per Aarsleff Holding Company Filings, last reported 4 months ago.
| Date (Data in DKK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 2,944.21 | 564.83 | 1,040.45 |
| 2018-09-30 | 2,899.04 | 466.54 | 632.74 |
| 2018-06-30 | 2,832.93 | 659.65 | 439.54 |
| 2018-03-31 | 2,728.89 | 637.73 | 494.58 |
| 2017-12-31 | 2,771.01 | 670.12 | 547.55 |
| 2017-09-30 | 2,695.17 | 635.11 | 550.66 |
| 2017-06-30 | 2,610.18 | 878.30 | 576.27 |
| 2017-03-31 | 2,511.81 | 574.73 | 568.67 |
| 2016-12-31 | 2,579.23 | 764.89 | 560.39 |
| 2016-09-30 | 2,503.43 | 511.10 | 513.27 |
| 2016-06-30 | 2,409.94 | 465.06 | 454.59 |
| 2016-03-31 | 2,330.27 | 437.91 | 553.05 |
| 2015-12-31 | 2,352.83 | 431.78 | 922.28 |
| 2015-09-30 | 2,265.10 | 632.42 | 1,062.03 |
| 2015-06-30 | 2,165.77 | 651.88 | 786.39 |
| 2015-03-31 | 2,059.50 | 553.72 | 847.41 |
| 2014-12-31 | 2,018.91 | 325.52 | 460.21 |
| 2014-09-30 | 1,952.31 | 495.37 | 322.82 |
| 2014-06-30 | 1,873.13 | 519.13 | 231.26 |
| 2014-03-31 | 1,792.98 | 591.64 | 413.37 |
| 2013-12-31 | 1,788.65 | 527.69 | 253.57 |
| 2013-09-30 | 1,724.33 | 858.65 | 352.04 |
| 2013-06-30 | 1,652.90 | 756.84 | 401.83 |
| 2013-03-31 | 1,621.40 | 672.72 | 626.94 |
| 2012-12-31 | 1,654.38 | 609.97 | 559.47 |
| 2012-09-30 | 1,593.75 | 724.95 | 575.47 |
| 2012-06-30 | 1,535.54 | 710.90 | 522.55 |
- Per Aarsleff Holding's level of debt (19.2%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (29.5% vs 19.2% today).
- Debt is well covered by operating cash flow (182.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 17.9x coverage).
Financial health checks
We assess Per Aarsleff Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Per Aarsleff Holding has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PAAL B Dividends
What is Per Aarsleff Holding's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
DKK2,000 of
Per Aarsleff Holding
shares you are expected to receive
DKK43
in your first year as a dividend.
Dividend Amount
- Per Aarsleff Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.63%).
- Per Aarsleff Holding's dividend is below the markets top 25% of dividend payers in Denmark (4.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Europe Construction Industry Average Dividend Yield | Market Cap Weighted Average of 73 Stocks | 3.7% |
| Denmark Market Average Dividend Yield | Market Cap Weighted Average of 78 Stocks | 2.5% |
| Denmark Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| Denmark Bottom 25% Dividend Yield | 25th Percentile | 1.6% |
| Denmark Top 25% Dividend Yield | 75th Percentile | 4.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in DKK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-09-30 | ||
| 2022-09-30 | ||
| 2021-09-30 | 7.17 | 2.00 |
| 2020-09-30 | 6.78 | 2.00 |
| 2019-09-30 | 5.54 | 3.00 |
| Date (Data in DKK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-20 | 5.000 | 2.285 |
| 2017-12-21 | 4.000 | 1.815 |
| 2017-01-10 | 4.000 | 2.368 |
| 2016-12-21 | 4.000 | 2.265 |
| 2016-01-07 | 3.000 | 1.806 |
| 2015-12-21 | 3.000 | 1.417 |
| 2015-01-08 | 1.500 | 0.756 |
| 2014-12-19 | 1.500 | 1.283 |
| 2014-01-09 | 1.000 | 0.993 |
| 2013-12-19 | 1.000 | 1.121 |
| 2013-01-10 | 1.000 | 1.711 |
| 2012-12-20 | 1.000 | 2.287 |
| 2012-01-31 | 0.480 | 1.168 |
| 2011-01-10 | 0.480 | 1.143 |
| 2010-12-20 | 0.480 | 1.128 |
| 2009-12-18 | 0.480 | 1.029 |
| 2009-11-30 | 0.480 | 0.810 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Per Aarsleff Holding has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Per Aarsleff Holding only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Per Aarsleff Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Per Aarsleff Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Per Aarsleff Holding has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PAAL B Management
CEO
| AGE | 48 |
| TENURE AS CEO | 0.6 years |
CEO Bio
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 Per Aarsleff Holding A/S since June 2, 2017 until October 1, 2018, and served as its Group Director since July 1, 2016 until June 2, 2017. Mr. Jacobsen has been employed in Aarsleff since 1995. He has worked with a number of construction projects and is responsible for the Group's offshore wind farm projects which over time have comprised international multi-billion contracts. Mr. Jacobsen is in charge of Construction's activities in the regions Jutland and Funen. Mr. Jacobsen holds a B Sc in Engineering from the Engineering College of Aarhus.
CEO Compensation
- Insufficient data for Jesper to compare compensation growth.
- Insufficient data for Jesper to establish whether their remuneration is reasonable compared to companies of similar size in Denmark.
Management Team Tenure
Average tenure and age of the Per Aarsleff Holding management team in years:
- The average tenure for the Per Aarsleff Holding management team is less than 2 years, this suggests a new team.
Management Team
Jesper Jacobsen
Chief Executive Officer
48
0.6 yrs
Mogens Hestbæk
Group Chief Financial Officer
46
4.3 yrs
Lars Carlsen
Deputy Chief Executive Officer
57
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Per Aarsleff Holding board of directors in years:
- The tenure for the Per Aarsleff Holding board of directors is about average.
Board of Directors
Andreas Lundby
Chairman
68
Jens Sørensen
Deputy Chairman
61
5.3 yrs
Peter Poulsen
Director
56
9.3 yrs
Charlotte Strand
Independent Director
57
2.3 yrs
Bjarne Hansen
Director
57
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (DKK) | Value (DKK) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Per Aarsleff Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Per Aarsleff Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PAAL B News
Simply Wall St News
Is Per Aarsleff Holding A/S (CPH:PAAL B) Undervalued After Accounting For Its Future Growth?
Per Aarsleff Holding A/S (CPH:PAAL B) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of DKK235 is based on unrealistic expectations. … Per Aarsleff Holding is poised for extremely high earnings growth in the near future. … Per Aarsleff Holding is available at a price-to-earnings ratio of 15.07x, showing us it is undervalued relative to the current DK market average of 16.24x , and overvalued based on current earnings compared to the Construction industry average of 10.69x.
Simply Wall St - – Full articleYou Have To Love Per Aarsleff Holding A/S's (CPH:PAAL B) Dividend
Today we'll take a closer look at Per Aarsleff Holding A/S (CPH:PAAL B) from a dividend investor's perspective. Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth.. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … With a 2.3% yield and a nine-year payment history, investors probably think Per Aarsleff Holding looks like a reliable dividend stock.
Simply Wall St - – Full articleWith A 11% Return On Equity, Is Per Aarsleff Holding A/S (CPH:PAAL B) A Quality Stock?
Our data shows Per Aarsleff Holding has a return on equity of 11% for the last year. … Another way to think of that is that for every DKK1 worth of equity in the company, it was able to earn DKK0.11. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDo Per Aarsleff Holding A/S’s (CPH:PAAL B) Returns On Capital Employed Make The Cut?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articlePer Aarsleff Holding A/S (CPH:PAAL B): Time For A Financial Health Check
However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … The following basic checks can help you get a picture of the company's balance sheet strength.
Simply Wall St - – Full articleDid Business Growth Power Per Aarsleff Holding's Share Price Gain of 156%?
One great example is Per Aarsleff Holding A/S (CPH:PAAL B) which saw its share price drive 156% higher over five years. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Per Aarsleff Holding managed to grow its earnings per share at 17% a year.
Simply Wall St - – Full articlePer Aarsleff Holding A/S (CPH:PAAL B): What Does The Future Look Like?
Help shape the future of investing tools and receive a $20 prize! … After Per Aarsleff Holding A/S's (CPH:PAAL B) recent earnings announcement in September 2018, … with earnings expected to decline by -1.5% in the upcoming year
Simply Wall St - – Full articlePAAL B Company Info
Description
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 Engineering segments. The company’s infrastructure activities include the construction of roads, harbors, and traffic and airport facilities; marine construction works; burial of electrical, copper, and fiber cables; railway works; mining support; systems for drinking water supply and plants for water treatment; and geotechnical site investigation. It engages in pipe renewal projects, including collectors, laterals, and service connections between collectors and laterals, as well as manholes; establishment of reservoirs; protection of land and buildings near the coastlines; construction and expansion of turnkey wastewater treatment plants that provide mechanical, biological, and chemical treatment; soil deposits for harbor facilities, and urban spaces and squares; and waste management solutions. In addition, the company is involved in the installation of foundations for offshore wind farms; design, dimension, establishment, and servicing of the heat and power plants; construction or renovation of district heating plants and pipes; and gas pipe installation works. Further, it engages in the establishment of construction pits and sports fields; production and installation of piles; installation of retaining walls, and temporary and permanent drilled ground anchors; establishment of permanent structures; groundwater lowering works; site development activities; renewal of down pipes; technical installation contract works; renovation of ventilation channels; and CCTV inspection of sewer systems. The company was formerly known as Per Aarsleff A/S and changed its name to Per Aarsleff Holding A/S in April 2016. Per Aarsleff Holding A/S was founded in 1947 and is headquartered in Viby J, Denmark.
Details
| Name: | Per Aarsleff Holding A/S |
| PAAL B | |
| Exchange: | CPSE |
| Founded: | 1947 |
| DKK4,694,968,391 | |
| 20,280,641 | |
| Website: | http://www.aarsleff.com |
| Address: |
Per Aarsleff Holding A/S Hasselager Allé 5, Viby J, Central Denmark Region, 8260, Denmark |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| CPSE | PAAL B | Class B Shares | OMX Nordic Exchange Copenhagen | DK | DKK | 02. Jan 1992 | |
| DB | PE9 | Class B Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0REQ | Class B Shares | London Stock Exchange | GB | DKK | 02. Jan 1992 | |
| BATS-CHIXE | PAALBC | Class B Shares | BATS 'Chi-X Europe' | GB | DKK | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 20:49 |
| End of day share price update: | 2019/05/20 00:00 |
| Last estimates confirmation: | 2019/05/16 |
| Last earnings filing: | 2019/02/26 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
