Per Aarsleff Holding A/S, together with its subsidiaries, operates as a construction and civil engineering company in Denmark and internationally.
No risks detected for PAAL B from our risk checks.
Flawless balance sheet, undervalued and pays a dividend.
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.
7 Day Return
1 Year Return
Return vs Industry: PAAL B underperformed the Danish Construction industry which returned 9.4% over the past year.
Return vs Market: PAAL B underperformed the Danish Market which returned 19.6% over the past year.
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
2 weeks ago | Simply Wall StDid Per Aarsleff Holding A/S (CPH:PAAL B) Use Debt To Deliver Its ROE Of 12%?
1 month ago | Simply Wall StIs It Smart To Buy Per Aarsleff Holding A/S (CPH:PAAL B) Before It Goes Ex-Dividend?
1 month ago | Simply Wall StHow Many Per Aarsleff Holding A/S (CPH:PAAL B) Shares Do Institutions Own?
Is Per Aarsleff Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PAAL B (DKK204) is trading below our estimate of fair value (DKK463.14)
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 good value based on its PE Ratio (11.5x) compared to the Construction industry average (12.2x).
PE vs Market: PAAL B is good value based on its PE Ratio (11.5x) compared to the Danish market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: PAAL B is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: PAAL B is overvalued based on its PB Ratio (1.3x) compared to the XE Construction industry average (1.2x).
How is Per Aarsleff Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAAL B's forecast earnings growth (11.9% per year) is above the savings rate (-0.3%).
Earnings vs Market: PAAL B's earnings (11.9% per year) are forecast to grow faster than the Danish market (11.8% per year).
High Growth Earnings: PAAL B's earnings are forecast to grow, but not significantly.
Revenue vs Market: PAAL B's revenue (3.8% per year) is forecast to grow slower than the Danish market (6% per year).
High Growth Revenue: PAAL B's revenue (3.8% 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 (13.3%).
How has Per Aarsleff Holding performed over the past 5 years?
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 (2.7%) are lower than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: PAAL B's earnings have grown by 2% per year over the past 5 years.
Accelerating Growth: PAAL B's earnings growth over the past year (6%) exceeds its 5-year average (2% per year).
Earnings vs Industry: PAAL B earnings growth over the past year (6%) exceeded the Construction industry 2.1%.
Return on Equity
High ROE: PAAL B's Return on Equity (11.6%) is considered low.
How is Per Aarsleff Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PAAL B's short term assets (DKK5.5B) exceed its short term liabilities (DKK4.3B).
Long Term Liabilities: PAAL B's short term assets (DKK5.5B) exceed its long term liabilities (DKK749.8M).
Debt to Equity History and Analysis
Debt Level: PAAL B's debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: PAAL B's debt to equity ratio has reduced from 25.3% to 19.4% over the past 5 years.
Debt Coverage: PAAL B's debt is well covered by operating cash flow (155.8%).
Interest Coverage: PAAL B's interest payments on its debt are well covered by EBIT (19.7x coverage).
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 9x debt).
What is Per Aarsleff Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PAAL B's dividend (2.7%) is higher than the bottom 25% of dividend payers in the Danish market (1.56%).
High Dividend: PAAL B's dividend (2.7%) is low compared to the top 25% of dividend payers in the Danish market (4.93%).
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 (31%), 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 (34.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jesper Jacobsen (49yo)
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 ...
|Chief Executive Officer||1.3yrs||no data||no data|
|Group Chief Financial Officer||5.1yrs||no data||no data|
|Deputy Chief Executive Officer||2.1yrs||no data||no data|
|Deputy Chief Executive Officer||0.08yrs||no data||no data|
Experienced Management: PAAL B's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Independent Director||6.1yrs||no data||no data|
|Chairman of the Board||0.08yrs||no data||no data|
|Independent Deputy Chairman||0.08yrs||no data||no data|
|Independent Director||3.1yrs||no data||no data|
|Director||0.08yrs||no data||no data|
Experienced Board: PAAL B's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Per Aarsleff Holding A/S's company bio, employee growth, exchange listings and data sources
- Name: Per Aarsleff Holding A/S
- Ticker: PAAL B
- Exchange: CPSE
- Founded: 1947
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: ø3.990b
- Shares outstanding: 20.17m
- Website: https://www.aarsleff.com
Number of Employees
- Per Aarsleff Holding A/S
- Hasselager Allé 5
- Viby J
- Central Denmark Region
|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|
Per Aarsleff Holding A/S, together with its subsidiaries, operates as a construction and civil engineering company 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 also 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; 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 construction of buildings, shell structure, construction pits, retaining walls, ground anchors, groundwater lowering works, and 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 20:56|
|End of Day Share Price||2020/02/27 00:00|
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.