CPSE:NNIT

Stock Analysis Report

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Executive Summary

NNIT A/S provides a range of information technology (IT) services and solutions to customers primarily in the life sciences sector in Denmark and internationally. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


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 is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NNIT's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

NNIT

1.0%

DK Healthcare Services

1.3%

DK Market


1 Year Return

5.2%

NNIT

28.5%

DK Healthcare Services

26.9%

DK Market

Return vs Industry: NNIT underperformed the Danish Healthcare Services industry which returned 27.5% over the past year.

Return vs Market: NNIT underperformed the Danish Market which returned 23.7% over the past year.


Shareholder returns

NNITIndustryMarket
7 Day-1.4%1.0%1.3%
30 Day-7.5%5.3%3.2%
90 Day-4.2%16.3%13.1%
1 Year8.9%5.2%29.6%28.5%29.3%26.9%
3 Year-32.2%-38.7%34.1%29.7%56.1%43.9%
5 Year-23.0%-34.0%92.7%80.8%68.0%46.4%

Long-Term 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

Valuation

Is NNIT undervalued compared to its fair value and its price relative to the market?

23.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NNIT (DKK113.6) is trading above our estimate of fair value (DKK71.08)

Significantly Below Fair Value: NNIT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NNIT is good value based on its PE Ratio (24.1x) compared to the XE Healthcare Services industry average (43.5x).

PE vs Market: NNIT is poor value based on its PE Ratio (24.1x) compared to the Danish market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: NNIT is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: NNIT is good value based on its PB Ratio (2.6x) compared to the XE Healthcare Services industry average (5x).


Next Steps

Future Growth

How is NNIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

44.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NNIT's forecast earnings growth (44.1% per year) is above the savings rate (0.2%).

Earnings vs Market: NNIT's earnings (44.1% per year) are forecast to grow faster than the Danish market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NNIT's revenue (5.2% per year) is forecast to grow slower than the Danish market (6.6% per year).

High Growth Revenue: NNIT's revenue (5.2% 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 (14.9%).


Next Steps

Past Performance

How has NNIT performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NNIT has high quality earnings.

Growing Profit Margin: NNIT's current net profit margins (4%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: NNIT's earnings have declined by 4.7% 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 (-44.7%) over the past year, making it difficult to compare to the Healthcare Services industry average (-10.6%).


Return on Equity

High ROE: NNIT's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is NNIT's financial position?


Financial Position Analysis

Short Term Liabilities: NNIT's short term assets (DKK1.0B) exceed its short term liabilities (DKK658.0M).

Long Term Liabilities: NNIT's short term assets (DKK1.0B) exceed its long term liabilities (DKK662.0M).


Debt to Equity History and Analysis

Debt Level: NNIT's debt to equity ratio (23.7%) is considered satisfactory.

Reducing Debt: NNIT's debt to equity ratio has increased from 3.6% to 23.7% over the past 5 years.

Debt Coverage: NNIT's debt is well covered by operating cash flow (249.4%).

Interest Coverage: NNIT's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Next Steps

Dividend

What is NNIT current dividend yield, its reliability and sustainability?

3.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NNIT's dividend (3.52%) is higher than the bottom 25% of dividend payers in the Danish market (0.95%).

High Dividend: NNIT's dividend (3.52%) is in the top 25% of dividend payers in the Danish market (3.39%)


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 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.7%), NNIT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NNIT's dividends in 3 years are forecast to be covered by earnings (51% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Per Kogut (56 yo)

14yrs

Tenure

kr.11,200,000

Compensation

Mr. Per Kogut serves as Director at EET Group A/S since 2016. He 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 jo...


CEO Compensation Analysis

Compensation vs Market: Per's total compensation ($USD1.83M) is above average for companies of similar size in the Danish market ($USD854.51K).

Compensation vs Earnings: Per's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Per Kogut
President & CEO14yrskr.11.20m0.13%
DKK 3.7m
Brankica Markovic
Compliance Officerno datakr.200.00k0.00059%
DKK 16.4k
Pernille Fabricius
Executive VP of Finance0.42yrno datano data
Jens Binger
Head of Investor Relationsno datano datano data
Rikke Dalager
Head of Communicationsno datano datano data
Brit Kannegaard-Johannessen
Senior Vice President of People2yrsno datano data
Jacob Michelsen
Senior Vice President of Private & Public5yrsno datano data
Ricco Larsen
Senior Vice President of Life Sciences4.08yrsno datano data
Claus Andersen
Senior Vice President of Projects3.17yrsno datano data
Søren Østergaard
Senior Vice President of Infrastructure & Application Services3.17yrsno datano data
Jan Weber
General Manager of North American Affiliate5.17yrsno datano data

3.6yrs

Average Tenure

49.5yo

Average Age

Experienced Management: NNIT's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eivind Kolding
Independent Director5.83yrskr.400.00k0.0098%
DKK 271.7k
Carsten Dilling
Independent Chairman4yrskr.800.00k0.011%
DKK 310.1k
Anne Broeng
Independent Director7yrskr.500.00k0.010%
DKK 284.8k
Anders Vidstrup
Employee Representative Director6yrskr.300.00kno data
Peter H. Haahr
Deputy Chairman3.83yrskr.500.00kno data
Christian Kanstrup
Director2.83yrskr.400.00kno data
Caroline Serfass
Independent Director2.83yrskr.400.00kno data
Trine Bjerregaard
Employee Representative Director1.83yrskr.200.00k0.00078%
DKK 21.7k
Camilla Krabbe Christensen
Employee Representative Director1yrno datano data

3.8yrs

Average Tenure

58yo

Average Age

Experienced Board: NNIT's board of directors are considered experienced (3.8 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: kr.2.784b
  • Shares outstanding: 24.59m
  • Website: https://www.nnit.com

Number of Employees


Location

  • NNIT A/S
  • Oestmarken 3A
  • Søborg
  • Capital Region of Denmark
  • 2860
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NNITCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKMar 2015
NNITCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKMar 2015
0R5ZLSE (London Stock Exchange)YesOrdinary SharesGBDKKMar 2015
5NNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2015

Biography

NNIT A/S provides a range of information technology (IT) services and solutions to customers primarily in the life sciences sector in Denmark and internationally. The company provides advisory services com...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 18:08
End of Day Share Price2021/01/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.