NNIT

CPSE:NNIT

Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

NNIT

CPSE

DKK4B

Market Cap

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Last updated 2019/04/21 21:47

Company description

NNIT A/S provides a range of IT services and solutions to customers primarily in the life sciences sector in Denmark and internationally. The last earnings update was 82 days ago. More info.

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NNIT Share Price and Events

7 Day Returns

-2.3%

CPSE:NNIT

-0.5%

Europe Healthcare Services

-0.8%

DK Market

1 Year Returns

1.5%

CPSE:NNIT

7.3%

Europe Healthcare Services

9.1%

DK Market

NNIT Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
NNIT (NNIT)	-2.3%	-1.8%	-16.6%	1.5%	2.1%	-
Europe Healthcare Services	-0.5%	3.5%	11.6%	7.3%	34.1%	91.7%
DK Market	-0.8%	-1.7%	6.6%	9.1%	7.9%	48.8%

1 Year Return vs Industry and Market

NNIT underperformed the Healthcare Services industry which returned 7.3% over the past year.
NNIT underperformed the Market in Denmark which returned 9.1% over the past year.

Price Volatility

NNIT

Industry

5yr Volatility vs Market

Related Companies

NNIT Value

Is NNIT undervalued based on future cash flows and its price relative to the stock market?

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 NNIT 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.

Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NNIT.

CPSE:NNIT Discounted Cash Flow Data Sources
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	7.6%
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.

Calculation of Discount Rate/ Cost of Equity for CPSE:NNIT
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year DK Govt Bond Rate	0.2%
Equity Risk Premium	S&P Global	6%
Healthcare Services Unlevered Beta	Simply Wall St/ S&P Global	1.21
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 1.215 (1 + (1- 22%) (14.84%))	1.238
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.24
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 0.21% + (1.238 * 5.96%)	7.59%

Discounted Cash Flow Calculation for CPSE:NNIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NNIT 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.

CPSE:NNIT DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (DKK, Millions)	Source	Present Value Discounted (@ 7.59%)
2019	283.00	Analyst x1	263.03
2020	344.00	Analyst x1	297.17
2021	239.50	Analyst x2	192.30
2022	185.00	Analyst x1	138.06
2023	183.00	Analyst x1	126.93
2024	181.72	Est @ -0.7%	117.15
2025	180.95	Est @ -0.42%	108.42
2026	180.53	Est @ -0.23%	100.54
2027	180.35	Est @ -0.1%	93.35
2028	180.34	Est @ -0.01%	86.76
Present value of next 10 years cash flows			DKK1,523.71

CPSE:NNIT DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₈ × (1 + g) ÷ (Discount Rate – g) = DKK180.34 × (1 + 0.21%) ÷ (7.59% – 0.21%)	DKK2,449.51
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = DKK2,449.51 ÷ (1 + 7.59%)¹⁰	DKK1,178.43

CPSE:NNIT Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = DKK1,523.71 + DKK1,178.43	DKK2,702.14
Equity Value per Share (DKK)	= Total value / Shares Outstanding = DKK2,702.14 / 24.40	DKK110.74

CPSE:NNIT Discount to Share Price
	Calculation	Result
Value per share (DKK)	From above.	DKK110.74
Current discount	Discount to share price of DKK172.60 = -1 x (DKK172.60 - DKK110.74) / DKK110.74	-55.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

The current share price of NNIT is above its future cash flow value.

Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.

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 NNIT's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are NNIT's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

CPSE:NNIT PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-12-31) in DKK	DKK9.60
CPSE:NNIT Share Price **	CPSE (2019-04-17) in DKK	DKK172.6
Europe Healthcare Services Industry PE Ratio	Median Figure of 18 Publicly-Listed Healthcare Services Companies	30.17x
Denmark Market PE Ratio	Median Figure of 102 Publicly-Listed Companies	17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NNIT.

CPSE:NNIT PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= CPSE:NNIT Share Price ÷ EPS (both in DKK) = 172.6 ÷ 9.60	17.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

NNIT is good value based on earnings compared to the Europe Healthcare Services industry average.
NNIT is overvalued based on earnings compared to the Denmark market.

Price based on expected Growth

Does NNIT's expected growth come at a high price?

Raw Data

CPSE:NNIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	17.98x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts	6.6%per year
Europe Healthcare Services Industry PEG Ratio	Median Figure of 12 Publicly-Listed Healthcare Services Companies	2x
Denmark Market PEG Ratio	Median Figure of 43 Publicly-Listed Companies	1.72x

*Line of best fit is calculated by linear regression .

CPSE:NNIT PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 17.98x ÷ 6.6%	2.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

NNIT is poor value based on expected growth next year.

Price based on value of assets

What value do investors place on NNIT's assets?

Raw Data

CPSE:NNIT PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-12-31) in DKK	DKK44.28
CPSE:NNIT Share Price *	CPSE (2019-04-17) in DKK	DKK172.6
Europe Healthcare Services Industry PB Ratio	Median Figure of 40 Publicly-Listed Healthcare Services Companies	2.98x
Denmark Market PB Ratio	Median Figure of 130 Publicly-Listed Companies	1.57x

CPSE:NNIT PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= CPSE:NNIT Share Price ÷ Book Value per Share (both in DKK) = 172.6 ÷ 44.28	3.9x

* Primary Listing of NNIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

NNIT is overvalued based on assets compared to the Europe Healthcare Services industry average.

Value checks

We assess NNIT'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 Healthcare Services 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 Healthcare Services industry average (and greater than 0)? (1 check)

Full details on the Value part of the Simply Wall St company analysis model.

NNIT Future Performance

How is NNIT expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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!

6.6%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is NNIT expected to grow at an attractive rate?

NNIT's earnings growth is expected to exceed the low risk savings rate of 0.2%.

Growth vs Market Checks

NNIT's earnings growth is positive but not above the Denmark market average.
NNIT's revenue growth is positive but not above the Denmark market average.

Annual Growth Rates Comparison

Raw Data

CPSE:NNIT Future Growth Rates Data Sources
Data Point	Source	Value (per year)
CPSE:NNIT Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts	6.6%
CPSE:NNIT Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts	6%
Europe Healthcare Services Industry Earnings Growth Rate	Market Cap Weighted Average	14%
Europe Healthcare Services Industry Revenue Growth Rate	Market Cap Weighted Average	7.4%
Denmark Market Earnings Growth Rate	Market Cap Weighted Average	10.2%
Denmark Market Revenue Growth Rate	Market Cap Weighted Average	6.1%

*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

Raw Data

CPSE:NNIT Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (3 months ago)	See Below
Future Estimates	Average of up to 3 Analyst Estimates (S&P Global)	See Below

All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:NNIT Future Estimates Data
Date (Data in DKK Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts
2023-12-31	4,155			1
2022-12-31	3,794			2
2021-12-31	3,531	484	285	3
2020-12-31	3,366	467	273	3
2019-12-31	3,166	457	251	2

CPSE:NNIT Past Financials Data
Date (Data in DKK Millions)	Revenue	Cash Flow	Net Income *
2018-12-31	3,007	439	236
2018-09-30	3,004	241	241
2018-06-30	2,933	237	216
2018-03-31	2,875	289	206
2017-12-31	2,892	347	216
2017-09-30	2,841	442	198
2017-06-30	2,854	434	226
2017-03-31	2,817	416	220
2016-12-31	2,765	363	216
2016-09-30	2,719	348	212
2016-06-30	2,677	386	211
2016-03-31	2,648	443	206

*GAAP earnings excluding extraordinary items.

High Growth Checks

NNIT's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
NNIT's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.

Raw Data

CPSE:NNIT Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (3 months ago)	See Below
Future Estimates	Average of up to 3 Analyst Estimates (S&P Global)	See Below

All data from NNIT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:NNIT Future Estimates Data
Date (Data in DKK Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31	11.44	11.80	11.08	2.00
2020-12-31	10.95	11.57	10.48	3.00
2019-12-31	10.08	10.10	10.05	2.00

CPSE:NNIT Past Financials Data
Date (Data in DKK Millions)	EPS *
2018-12-31	9.60
2018-09-30	9.86
2018-06-30	8.81
2018-03-31	8.45
2017-12-31	8.89
2017-09-30	8.14
2017-06-30	9.29
2017-03-31	9.10
2016-12-31	8.89
2016-09-30	8.73
2016-06-30	8.71
2016-03-31	8.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years

In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.

NNIT is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).

Future performance checks

We assess NNIT'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)

Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NNIT 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.

NNIT Past Performance

How has NNIT 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

Below we compare NNIT's growth in the last year to its industry (Healthcare Services).

Past Earnings growth analysis

We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.

NNIT's year on year earnings growth rate has been positive over the past 5 years.
NNIT's 1-year earnings growth exceeds its 5-year average (8.8% vs 2.5%)
NNIT's earnings growth has not exceeded the Europe Healthcare Services industry average in the past year (8.8% vs 13.7%).

Earnings and Revenue History

NNIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.

Raw Data

All data from NNIT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:NNIT Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions)	Revenue	Net Income *	G+A Expenses
2018-12-31	3,007.15	235.61	227.80
2018-09-30	3,004.50	241.41	243.64
2018-06-30	2,932.74	216.17	250.51
2018-03-31	2,875.27	206.31	251.27
2017-12-31	2,891.88	216.48	253.08
2017-09-30	2,840.53	198.15	243.92
2017-06-30	2,853.53	225.88	242.47
2017-03-31	2,817.08	220.41	242.65
2016-12-31	2,764.59	215.70	242.86
2016-09-30	2,718.65	211.63	265.09
2016-06-30	2,677.17	211.19	268.99
2016-03-31	2,647.57	205.60	267.60
2015-12-31	2,600.29	212.44	264.39
2015-09-30	2,566.13	215.78	249.78
2015-06-30	2,520.23	217.89	241.37
2015-03-31	2,473.73	223.10	229.69
2014-12-31	2,410.40	209.28	224.32
2014-09-30	2,333.79	206.33	223.12
2014-06-30	2,289.43	196.52	214.40
2014-03-31	2,256.76	199.23	215.06
2013-12-31	2,204.53	185.57	211.37
2013-09-30	2,176.82	172.70	209.58
2013-06-30	2,126.26	165.26	208.92
2013-03-31	2,068.86	156.27	209.67
2012-12-31	2,027.56	144.00	212.35
2012-09-30	1,943.66	122.23	208.51
2012-06-30	1,881.98	112.53	210.35

*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.

NNIT has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
NNIT used its assets more efficiently than the Europe Healthcare Services industry average last year based on Return on Assets.
NNIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Show me more strong past performing companies in the Healthcare Services industry

Past performance checks

We assess NNIT'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 Healthcare Services 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)

The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NNIT 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.

NNIT Health

How is NNIT'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 NNIT's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

NNIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
NNIT's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of NNIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.

Assets

Liabilities and shares

The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.

High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.5x 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.

Raw Data

All data from NNIT Company Filings, last reported 3 months ago.

CPSE:NNIT Past Debt and Equity Data
Date (Data in DKK Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-12-31	1,084.93	625.09	107.55
2018-09-30	990.44	555.26	83.62
2018-06-30	990.91	531.29	82.55
2018-03-31	928.61	362.49	7.18
2017-12-31	1,005.31	93.19	88.53
2017-09-30	907.65	67.68	74.36
2017-06-30	926.93	0.00	109.21
2017-03-31	860.51	0.00	272.70
2016-12-31	846.47	0.00	192.11
2016-09-30	758.14	0.00	124.96
2016-06-30	749.66	0.00	160.12
2016-03-31	698.64	0.00	192.50
2015-12-31	740.82	0.00	180.34
2015-09-30	665.58	24.64	111.58
2015-06-30	608.99	94.71	100.53
2015-03-31	579.21	74.89	79.79
2014-12-31	684.25	0.00	152.68
2014-09-30	613.81	0.00	108.25
2014-06-30	710.63	0.00	155.78
2014-03-31	669.26	0.00	132.61
2013-12-31	765.34	0.00	284.03
2013-09-30	690.00	0.34	130.04
2013-06-30	648.49	0.34	28.42
2013-03-31	605.44	0.34	-8.17
2012-12-31	682.23	0.34	180.86
2012-09-30	636.50	2.25	144.44
2012-06-30	601.54	2.25	168.94

NNIT's level of debt (57.6%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (0% vs 57.6% today).
Debt is well covered by operating cash flow (70.2%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 137.6x coverage).

Financial health checks

We assess NNIT'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)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

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.

NNIT Dividends

What is NNIT'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

2.67%

Current annual income from NNIT dividends. Estimated to be 2.88% next year.

If you bought DKK2,000 of NNIT shares you are expected to receive DKK53 in your first year as a dividend.

Dividend Amount

Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?

NNIT's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.6%).
NNIT's dividend is below the markets top 25% of dividend payers in Denmark (4.55%).

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.

Raw Data

CPSE:NNIT Annualized Past and Future Dividends
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 Healthcare Services Industry Average Dividend Yield	Market Cap Weighted Average of 10 Stocks	1.5%
Denmark Market Average Dividend Yield	Market Cap Weighted Average of 76 Stocks	2.3%
Denmark Minimum Threshold Dividend Yield	10th Percentile	1.1%
Denmark Bottom 25% Dividend Yield	25th Percentile	1.6%
Denmark Top 25% Dividend Yield	75th Percentile	4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CPSE:NNIT Future Dividends Estimate Data
Date (Data in DKK)	Dividend per Share (annual)	Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31	5.37	2.00
2020-12-31	4.95	3.00
2019-12-31	4.72	3.00

CPSE:NNIT Past Annualized Dividends Data
Date (Data in DKK)	Dividend per share (annual)	Avg. Yield (%)
2019-03-07	4.600	2.594
2018-05-15	4.300	2.439
2018-01-25	4.300	2.437
2017-08-16	4.200	2.310
2017-03-08	4.400	2.236
2016-10-26	4.000	2.057
2016-08-16	4.000	1.840
2016-01-27	4.000	2.034
2015-03-06	3.350	2.105

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Whilst dividend payments have been stable, NNIT has been paying a dividend for less than 10 years.
Dividend payments have increased, but NNIT only paid a dividend in the past 4 years.

Current Payout to shareholders

What portion of NNIT's earnings are paid to the shareholders as a dividend.

Dividends paid are well covered by earnings (2.1x coverage).

Future Payout to shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).

Income/ dividend checks

We assess NNIT's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1.1%) - 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 NNIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

Full details on the Dividends part of the Simply Wall St company analysis model.

NNIT Management

What is the CEO of NNIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.

CEO

Per Kogut

COMPENSATION	DKK11,688,000
TENURE AS CEO	12.3 years

CEO Bio

Mr. Per Kogut has been the Chief Executive Officer of NNIT A/S since 2007 and serves as its President and Member of the Executive Management. Mr. Kogut joined NNIT in January 2007. He served as the Chief Executive Officer of CA Northern Europe. He served as Member of the Senior Management Board for Novo Nordisk A/S since January 2007. He serves as Chairman of the Board of Netgroup A/S. He serves as a Member of the Board of Tee TopCo A/S (EET Europarts) and Danish IT Industry Association (ITB). Mr. Kogut holds an M.Sc. in Political Science from the University of Copenhagen.

CEO Compensation

Per's compensation has been consistent with company performance over the past year.
Per's remuneration is higher than average for companies of similar size in Denmark.

Management Team Tenure

Average tenure of the NNIT management team in years:

2.8

Average Tenure

The tenure for the NNIT management team is about average.

Management Team

Per Kogut

TITLE

President & CEO

COMPENSATION

DKK12M

TENURE

12.3 yrs

Carsten Thomsen

TITLE

Executive VP of Finance

COMPENSATION

DKK7M

AGE

61

TENURE

5.3 yrs

2.1

Average Tenure

Average Age

The average tenure for the NNIT board of directors is less than 3 years, this suggests a new board.

0.1 yrs

Who owns this company?

Recent Insider Trading

No 3 month insider trading information.

Recent Insider Transactions

Announced	Type	Name	Entity	Role		Start	End	Shares	Max Price (DKK)	Value (DKK)

Management checks

We assess NNIT'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)

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.

NNIT News

Simply Wall St News

What Can We Make Of NNIT A/S’s (CPH:NNIT) High Return On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St - 1 week ago – Full article

Is NNIT A/S's (CPH:NNIT) 22% ROE Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every DKK1 worth of shareholders' equity, it generated DKK0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - 2 weeks ago – Full article

Do You Know NNIT A/S’s (CPH:NNIT) Cash Situation?

I’ve analysed below, the health and outlook of NNIT’s cash flow, which will help you understand the stock from a cash standpoint. … NNIT’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing NNIT’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St - 1 month ago – Full article

Does NNIT A/S's (CPH:NNIT) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Per Kogut's Compensation Compare With Similar Sized Companies. … According to our data, NNIT A/S has a market capitalization of ø4.4b, and pays its CEO total annual compensation worth ø12m.

Simply Wall St - 1 month ago – Full article

Here's What NNIT A/S's (CPH:NNIT) P/E Ratio Is Telling Us

We'll show how you can use NNIT A/S's (CPH:NNIT) P/E ratio to inform your assessment of the investment opportunity. … NNIT has a price to earnings ratio of 19.58, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St - 1 month ago – Full article

NNIT A/S (CPH:NNIT): Immense Growth Potential?

Help shape the future of investing tools and you could win a $250 gift card! … On 31 December 2018, NNIT A/S (CPH:NNIT) released its earnings update. … with earnings expected to grow by 6.4% in the upcoming year

Simply Wall St - 2 months ago – Full article

Is NNIT A/S (CPH:NNIT) A Smart Pick For Income Investors?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … In the last few years NNIT A/S (CPH:NNIT) has paid a dividend to shareholders. … Let's take a look at NNIT in more detail.

Simply Wall St - 2 months ago – Full article

What Kind Of Shareholder Appears On The NNIT A/S's (CPH:NNIT) Shareholder Register?

Every investor in NNIT A/S (CPH:NNIT) should be aware of the most powerful shareholder groups. … institutional investors have bought into the company. … Let's take a closer look to see what the different types of shareholder can tell us about NNIT

Simply Wall St - 3 months ago – Full article

NNIT A/S (CPH:NNIT) Delivered A Better ROE Than Its Industry

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every DKK1 worth of shareholders' equity, it generated DKK0.24 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - 3 months ago – Full article

What You Must Know About NNIT A/S's (CPH:NNIT) Financial Strength

Investors are always looking for growth in small-cap stocks like NNIT A/S (CPH:NNIT), with a market cap of ø4.8b. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Healthcare Services industry,.

Simply Wall St - 4 months ago – Full article

NNIT Company Info

Description

NNIT A/S provides a range of IT services and solutions to customers primarily in the life sciences sector in Denmark and internationally. The company provides advisory services comprising IT organization optimization, outsourcing, organization change management, IT project excellence, security and compliance consulting, mobility, digital transformation, and robotic process automation services. It also offers business solutions, which include life science solutions; enterprise resource planning (ERP) and ERP transformation services; portals and collaborations; enterprise content management, and information and supply chain management solutions. In addition, the company provides application outsourcing solutions, such as network and local delivery, ERP outsourcing, portals outsourcing and collaboration, and platform-as-a-service. Further, it offers infrastructure outsourcing services, including business critical hosting, network management, device management, security and compliance management, and middleware integration services; infrastructure-as-a-service; and service desk, application support, and onsite support services. The company serves the public, enterprise, and finance sector customers. NNIT A/S was founded in 1994 and is headquartered in Soborg, Denmark.

Details

Name:	NNIT A/S
Ticker:	NNIT
Exchange:	CPSE
Founded:	1994
Market Cap:	DKK4,211,536,828
Shares outstanding:	24,400,561
Website:	http://www.nnit.com
Address:	NNIT A/S Oestmarken 3A, Soborg, Capital Region of Denmark, 2860, Denmark

Listings

Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
CPSE	NNIT	Ordinary Shares	OMX Nordic Exchange Copenhagen	DK	DKK	06. Mar 2015
DB	5NN	Ordinary Shares	Deutsche Boerse AG	DE	EUR	06. Mar 2015
LSE	0R5Z	Ordinary Shares	London Stock Exchange	GB	DKK	06. Mar 2015
BATS-CHIXE	NNITC	Ordinary Shares	BATS 'Chi-X Europe'	GB	DKK	06. Mar 2015

Number of employees

Current staff

3,214

NNIT employees.

Industry

Industry:	Health Care Technology
Sector:	Healthcare

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/04/21 21:47
End of day share price update:	2019/04/17 00:00
Last estimates confirmation:	2019/04/12
Last earnings filing:	2019/01/29
Last earnings reported:	2018/12/31
Last annual earnings reported:	2018/12/31

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.

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NNIT

NNIT Share Price and Events

7 Day Returns

1 Year Returns

NNIT Shareholder Return

1 Year Return vs Industry and Market

Price Volatility

Related Companies

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NNIT Value

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

PRICE RELATIVE TO MARKET

Price based on past earnings

Price based on expected Growth

Price based on value of assets

Value checks

NNIT Future Performance

Earnings growth vs Low Risk Savings

Growth vs Market Checks

Annual Growth Rates Comparison

Analysts growth expectations

High Growth Checks

Past and Future Earnings per Share

Performance in 3 years

Future performance checks

NNIT Past Performance

Past earnings growth

Past Earnings growth analysis

Earnings and Revenue History

Performance last year

Past performance checks

NNIT Health

Net Worth

Balance sheet

Assets

Liabilities and shares

Historical Debt

Financial health checks

NNIT Dividends

Annual Dividend Income

Dividend Amount

Annualized Historical and Future Dividends

Current Payout to shareholders

Future Payout to shareholders

Income/ dividend checks

NNIT Management

CEO

CEO Bio

CEO Compensation

Management Team Tenure

Management Team

Per Kogut

President & CEO

DKK12M

12.3 yrs

Carsten Thomsen

Executive VP of Finance

DKK7M

61

5.3 yrs

Rikke Dalager

Head of Communications

Brit Kannegaard-Johannessen

Senior Vice President of People

0.3 yrs

Jacob Michelsen

Senior Vice President of Private & Public

3.3 yrs

Ricco Larsen

Senior Vice President of Life Sciences

2.3 yrs

Claus Andersen

Senior Vice President of Projects & Consulting

1.4 yrs

Søren Østergaard

Senior Vice President of Infrastructure & Application Services

1.4 yrs

Jan Weber