CPSE:ALK B

Stock Analysis Report

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Market Cap

kr.34.5b

Last Updated

2021/08/04 21:46 UTC

Data Sources

Company Financials +

Executive Summary

ALK-Abelló A/S operates as an allergy solutions company in Europe, North America, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has ALK-Abelló's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALK B is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ALK B's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.0%

ALK B

1.7%

DK Pharmaceuticals

2.0%

DK Market


1 Year Return

69.8%

ALK B

10.3%

DK Pharmaceuticals

34.5%

DK Market

Return vs Industry: ALK B exceeded the Danish Pharmaceuticals industry which returned 10.3% over the past year.

Return vs Market: ALK B exceeded the Danish Market which returned 34.5% over the past year.


Shareholder returns

ALK BIndustryMarket
7 Day2.0%1.7%2.0%
30 Day2.1%1.1%3.8%
90 Day18.2%12.1%11.6%
1 Year69.8%69.8%13.7%10.3%37.9%34.5%
3 Year174.0%174.0%36.9%21.6%75.6%62.5%
5 Year243.1%241.3%50.4%24.5%112.5%85.2%

Long-Term Price Volatility Vs. Market

How volatile is ALK-Abelló's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ALK-Abelló undervalued compared to its fair value and its price relative to the market?

520.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALK B (DKK3140) is trading above our estimate of fair value (DKK2593.97)

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


Price To Earnings Ratio

PE vs Industry: ALK B is poor value based on its PE Ratio (520.1x) compared to the European Pharmaceuticals industry average (25.7x).

PE vs Market: ALK B is poor value based on its PE Ratio (520.1x) compared to the Danish market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: ALK B is poor value based on its PEG Ratio (11.4x)


Price to Book Ratio

PB vs Industry: ALK B is overvalued based on its PB Ratio (10.4x) compared to the XE Pharmaceuticals industry average (3.4x).


Future Growth

How is ALK-Abelló forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

45.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALK B's forecast earnings growth (45.7% per year) is above the savings rate (0.1%).

Earnings vs Market: ALK B's earnings (45.7% per year) are forecast to grow faster than the Danish market (7.9% per year).

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

Revenue vs Market: ALK B's revenue (11.3% per year) is forecast to grow faster than the Danish market (6.7% per year).

High Growth Revenue: ALK B's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALK B's Return on Equity is forecast to be low in 3 years time (13.2%).


Past Performance

How has ALK-Abelló performed over the past 5 years?

-44.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALK B has a large one-off loss of DKK39.0M impacting its March 31 2021 financial results.

Growing Profit Margin: ALK B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALK B's earnings have declined by 44.5% per year over the past 5 years.

Accelerating Growth: ALK B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALK B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (9.2%).


Return on Equity

High ROE: ALK B's Return on Equity (2%) is considered low.


Financial Health

How is ALK-Abelló's financial position?


Financial Position Analysis

Short Term Liabilities: ALK B's short term assets (DKK2.5B) exceed its short term liabilities (DKK1.1B).

Long Term Liabilities: ALK B's short term assets (DKK2.5B) exceed its long term liabilities (DKK1.4B).


Debt to Equity History and Analysis

Debt Level: ALK B's debt to equity ratio (21.1%) is considered satisfactory.

Reducing Debt: ALK B's debt to equity ratio has reduced from 23.2% to 21.1% over the past 5 years.

Debt Coverage: ALK B's debt is well covered by operating cash flow (51.1%).

Interest Coverage: ALK B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ALK-Abelló current dividend yield, its reliability and sustainability?

0.065%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALK B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALK B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALK B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALK B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ALK B is not paying a notable dividend for the Danish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALK B's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Carsten Hellmann (57 yo)

5.25yrs

Tenure

Mr. Carsten Hellmann has been the Chief Executive Officer and President at ALK-Abelló A/S since May 17, 2016. Mr. Hellmann serves as the Chief Executive Officer at Merial Inc., Boehringer Ingelheim Animal ...


Leadership Team

Experienced Management: ALK B's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: ALK B's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

ALK-Abelló A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ALK-Abelló A/S
  • Ticker: ALK B
  • Exchange: CPSE
  • Founded: 1923
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: kr.34.467b
  • Shares outstanding: 10.98m
  • Website: https://www.alk.net

Number of Employees


Location

  • ALK-Abelló A/S
  • Boge Alle 6-8
  • Horsholm
  • Capital Region of Denmark
  • 2970
  • Denmark

Listings


Biography

ALK-Abelló A/S operates as an allergy solutions company in Europe, North America, and internationally. The company offers allergy immunotherapy products in the form of injections, sublingual drops, and tab...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 21:46
End of Day Share Price2021/08/04 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.