Pandora Valuation

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

PNDORA (DKK1059) is trading below our estimate of [[fair value]] (DKK1676.65)

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

Valuation Score

4/6

Valuation Score 4/6

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 PNDORA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PNDORA (DKK1059) is trading below our estimate of fair value (DKK1676.65)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for PNDORA. This is calculated by dividing PNDORA's market cap by their current preferred multiple.
What is PNDORA's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	DKK 85.29b

PNDORA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.4x
Enterprise Value/EBITDA	11.9x
PEG Ratio	1.7x

Price to Earnings Ratio vs Peers

How does PNDORA's PE Ratio compare to its peers?

The above table shows the PE ratio for PNDORA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	25.4x
GN GN Store Nord	47.5x	27.9%	DKK 25.5b
RL Ralph Lauren	16.3x	7.1%	US$10.1b
2313 Shenzhou International Group Holdings	20.1x	14.0%	HK$98.5b
UHR Swatch Group	17.7x	17.4%	CHF 9.1b
PNDORA Pandora	17.7x	10.2%	DKK 85.3b

Price-To-Earnings vs Peers: PNDORA is good value based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does PNDORA's PE Ratio compare vs other companies in the European Luxury Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	11.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	11.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: PNDORA is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the European Luxury industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is PNDORA'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.

PNDORA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.7x
Fair PE Ratio	22.2x

Price-To-Earnings vs Fair Ratio: PNDORA is good value based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

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 PNDORA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	DKK 1,059.00	DKK 1,201.93 +13.5%	13.1%	DKK 1,400.00	DKK 920.00	n/a	14
Jul ’25	DKK 1,009.00	DKK 1,211.21 +20.0%	11.9%	DKK 1,400.00	DKK 1,010.00	n/a	14
Jun ’25	DKK 1,124.00	DKK 1,200.07 +6.8%	11.2%	DKK 1,400.00	DKK 1,010.00	n/a	14
May ’25	DKK 1,082.50	DKK 1,179.36 +8.9%	12.9%	DKK 1,400.00	DKK 900.00	n/a	14
Apr ’25	DKK 1,114.50	DKK 1,148.67 +3.1%	14.3%	DKK 1,400.00	DKK 900.00	n/a	15
Mar ’25	DKK 1,147.00	DKK 1,104.81 -3.7%	14.8%	DKK 1,360.00	DKK 820.00	n/a	16
Feb ’25	DKK 999.60	DKK 989.81 -1.0%	12.4%	DKK 1,200.00	DKK 720.00	n/a	16
Jan ’25	DKK 933.20	DKK 936.31 +0.3%	11.5%	DKK 1,115.00	DKK 730.00	n/a	16
Dec ’24	DKK 931.60	DKK 928.50 -0.3%	12.0%	DKK 1,115.00	DKK 730.00	n/a	16
Nov ’24	DKK 814.20	DKK 851.14 +4.5%	13.7%	DKK 1,000.00	DKK 630.00	n/a	14
Oct ’24	DKK 731.60	DKK 784.21 +7.2%	16.2%	DKK 950.00	DKK 600.00	n/a	14
Sep ’24	DKK 714.80	DKK 739.60 +3.5%	15.3%	DKK 930.00	DKK 547.00	n/a	15
Aug ’24	DKK 674.00	DKK 727.47 +7.9%	16.0%	DKK 930.00	DKK 540.00	n/a	15
Jul ’24	DKK 609.20	DKK 722.40 +18.6%	15.5%	DKK 930.00	DKK 540.00	DKK 1,009.00	15
Jun ’24	DKK 550.80	DKK 724.47 +31.5%	15.2%	DKK 930.00	DKK 550.00	DKK 1,124.00	15
May ’24	DKK 641.20	DKK 716.73 +11.8%	16.2%	DKK 930.00	DKK 488.00	DKK 1,082.50	15
Apr ’24	DKK 655.40	DKK 707.27 +7.9%	17.4%	DKK 930.00	DKK 488.00	DKK 1,114.50	15
Mar ’24	DKK 659.80	DKK 689.67 +4.5%	19.2%	DKK 930.00	DKK 450.00	DKK 1,147.00	15
Feb ’24	DKK 574.00	DKK 619.33 +7.9%	24.7%	DKK 930.00	DKK 370.00	DKK 999.60	15
Jan ’24	DKK 488.10	DKK 604.00 +23.7%	27.2%	DKK 930.00	DKK 340.00	DKK 933.20	15
Dec ’23	DKK 530.80	DKK 627.07 +18.1%	24.9%	DKK 930.00	DKK 340.00	DKK 931.60	15
Nov ’23	DKK 404.00	DKK 612.80 +51.7%	25.8%	DKK 930.00	DKK 315.00	DKK 814.20	15
Oct ’23	DKK 359.10	DKK 670.80 +86.8%	24.4%	DKK 930.00	DKK 300.00	DKK 731.60	15
Sep ’23	DKK 431.20	DKK 721.57 +67.3%	17.1%	DKK 930.00	DKK 470.00	DKK 714.80	14
Aug ’23	DKK 534.00	DKK 766.43 +43.5%	18.7%	DKK 940.00	DKK 470.00	DKK 674.00	14
Jul ’23	DKK 451.50	DKK 801.43 +77.5%	14.3%	DKK 950.00	DKK 600.00	DKK 609.20	14

Analyst Forecast: Target price is less than 20% higher than the current share price.