Market Cap
ø2.1b
Last Updated
2020/04/01 00:48 UTC
Data Sources
Company Financials +
Executive Summary
NNIT A/S provides a range of IT services and solutions to customers primarily in the life sciences sector in Denmark and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has NNIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NNIT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.9%
NNIT
9.2%
DK Healthcare Services
12.2%
DK Market
1 Year Return
-52.2%
NNIT
-16.9%
DK Healthcare Services
1.7%
DK Market
Return vs Industry: NNIT underperformed the Danish Healthcare Services industry which returned -16.9% over the past year.
Return vs Market: NNIT underperformed the Danish Market which returned 1.7% over the past year.
Shareholder returns
| NNIT | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.9% | 9.2% | 12.2% |
| 30 Day | -15.2% | -12.1% | -6.8% |
| 90 Day | -23.0% | -21.7% | -9.2% |
| 1 Year | -49.9%-52.2% | -15.8%-16.9% | 4.8%1.7% |
| 3 Year | -47.8%-52.6% | -6.7%-10.1% | 35.2%23.7% |
| 5 Year | -38.6%-46.6% | 38.3%28.8% | 28.4%11.9% |
Price Volatility Vs. Market
How volatile is NNIT'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 Is NNIT's (CPH:NNIT) P/E Ratio After Its Share Price Tanked?2 weeks ago | Simply Wall St
Why NNIT A/S (CPH:NNIT) Looks Like A Quality Company1 month ago | Simply Wall St
NNIT A/S (CPH:NNIT) Pays A ø2.00 Dividend In Just 4 DaysValuation
Is NNIT undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NNIT (DKK80) is trading below our estimate of fair value (DKK191.76)
Significantly Below Fair Value: NNIT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NNIT is good value based on its PE Ratio (10.8x) compared to the Healthcare Services industry average (37.3x).
PE vs Market: NNIT is good value based on its PE Ratio (10.8x) compared to the Danish market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: NNIT is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: NNIT is good value based on its PB Ratio (1.7x) compared to the XE Healthcare Services industry average (3.2x).
Next Steps
Future Growth
How is NNIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
2.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NNIT's forecast earnings growth (2.5% per year) is above the savings rate (-0.3%).
Earnings vs Market: NNIT's earnings (2.5% per year) are forecast to grow slower than the Danish market (11.9% per year).
High Growth Earnings: NNIT's earnings are forecast to grow, but not significantly.
Revenue vs Market: NNIT's revenue (1.1% per year) is forecast to grow slower than the Danish market (6% per year).
High Growth Revenue: NNIT's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NNIT's Return on Equity is forecast to be low in 3 years time (13.3%).
Next Steps
Past Performance
How has NNIT performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NNIT has high quality earnings.
Growing Profit Margin: NNIT's current net profit margins (6%) are lower than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: NNIT's earnings have declined by -0.8% per year over the past 5 years.
Accelerating Growth: NNIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NNIT had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Healthcare Services industry average (-4.6%).
Return on Equity
High ROE: NNIT's Return on Equity (15.7%) is considered low.
Next Steps
Financial Health
How is NNIT's financial position?
Financial Position Analysis
Short Term Liabilities: NNIT's short term assets (DKK1.1B) exceed its short term liabilities (DKK796.0M).
Long Term Liabilities: NNIT's short term assets (DKK1.1B) exceed its long term liabilities (DKK648.0M).
Debt to Equity History and Analysis
Debt Level: NNIT's debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: NNIT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: NNIT's debt is well covered by operating cash flow (179.5%).
Interest Coverage: NNIT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: NNIT has a high level of physical assets or inventory.
Debt Coverage by Assets: NNIT's debt is covered by short term assets (assets are 4.1x debt).
Next Steps
Dividend
What is NNIT's current dividend yield, its reliability and sustainability?
4.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NNIT's dividend (5%) is higher than the bottom 25% of dividend payers in the Danish market (1.74%).
High Dividend: NNIT's dividend (5%) is low compared to the top 25% of dividend payers in the Danish market (5.52%).
Stability and Growth of Payments
Stable Dividend: NNIT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NNIT has only been paying a dividend for 4 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.8%), NNIT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NNIT's dividends in 3 years are forecast to be well covered by earnings (46.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Per Kogut
13.17s
Tenure
ø12,331,000
Compensation
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 E ...
CEO Compensation Analysis
Compensation vs Market: Per's total compensation ($USD1.83M) is above average for companies of similar size in the Danish market ($USD754.31K).
Compensation vs Earnings: Per's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 13.17yrs | ø12.33m | 0.13% DKK2.8m | |
| Executive VP of Finance | 6.17yrs | ø6.68m | 0.049% DKK1.0m | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Senior Vice President of People | 1.17yrs | no data | no data | |
| Senior Vice President of Private & Public | 4.17yrs | no data | no data | |
| Senior Vice President of Life Sciences | 3.25yrs | no data | no data | |
| Senior Vice President of Projects & Consulting | 2.33yrs | no data | no data | |
| Senior Vice President of Infrastructure & Application Services | 2.33yrs | no data | no data | |
| General Manager of North American Affiliate | 4.33yrs | no data | no data |
3.7yrs
Average Tenure
Experienced Management: NNIT's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5yrs | ø375.00k | 0.0098% DKK205.9k | |
| Independent Chairman | 3.17yrs | ø750.00k | 0.011% DKK235.1k | |
| Independent Director | 6.17yrs | ø450.00k | 0.010% DKK215.8k | |
| Employee Representative Director | 5.17yrs | ø300.00k | no data | |
| Deputy Chairman | 3yrs | ø450.00k | no data | |
| Director | 2yrs | ø356.00k | no data | |
| Independent Director | 2yrs | ø374.00k | no data | |
| Employee Representative Director | 1yr | no data | no data | |
| Employee Representative Director | 1yr | no data | no data |
3.0yrs
Average Tenure
57yo
Average Age
Experienced Board: NNIT's board of directors are considered experienced (3 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
NNIT A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: NNIT A/S
- Ticker: NNIT
- Exchange: CPSE
- Founded: 1994
- Industry: Health Care Technology
- Sector: Healthcare
- Market Cap: ø2.105b
- Shares outstanding: 24.54m
- Website: https://www.nnit.com
Number of Employees
Location
- NNIT A/S
- Oestmarken 3A
- Soborg
- Capital Region of Denmark
- 2860
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NNIT | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Ordinary Shares | DK | DKK | Mar 2015 |
| NNITC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | DKK | Mar 2015 |
| 0R5Z | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | DKK | Mar 2015 |
| 5NN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2015 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 00:48 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.