Netcompany Group A/S

CPSE:NETC Stock Report

Market Cap: DKK 15.8b

Netcompany Group Past Earnings Performance

Past criteria checks 0/6

Netcompany Group's earnings have been declining at an average annual rate of -9.5%, while the IT industry saw earnings growing at 9% annually. Revenues have been growing at an average rate of 17% per year. Netcompany Group's return on equity is 8.2%, and it has net margins of 3.3%.

Key information

-9.48%

Earnings growth rate

-8.79%

EPS growth rate

IT Industry Growth8.78%
Revenue growth rate17.04%
Return on equity8.19%
Net Margin3.26%
Next Earnings Update13 Aug 2026

Recent past performance updates

Analysis Article Nov 07

Investors Can Find Comfort In Netcompany Group's (CPH:NETC) Earnings Quality

Netcompany Group A/S' ( CPH:NETC ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...

Recent updates

Analysis Article 16h

Earnings Update: Netcompany Group A/S (CPH:NETC) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

The quarterly results for Netcompany Group A/S ( CPH:NETC ) were released last week, making it a good time to revisit...
Narrative Update Apr 28

NETC: Recent Rating Shifts And Board Actions Will Shape Future Repricing

Netcompany Group's analyst price target has shifted from DKK 385 to about DKK 397, with analysts citing updated fair value estimates and minor adjustments to discount rate, growth, margin, and P/E assumptions following recent target increases from major banks. Analyst Commentary Recent target changes around DKK 397 reflect fresh research updates, including a DKK 13 uplift from Morgan Stanley, a DKK 40 move at Deutsche Bank and an upgrade from SEB Equities.
Narrative Update Apr 12

NETC: Mixed Rating Shifts And Governance Moves Will Shape Future Re Rating

Analysts have nudged the Netcompany Group fair value estimate slightly higher to DKK 385.00. This reflects updated assumptions for discount rate, profit margin, and future P/E after a series of recent price target revisions and rating changes on the stock.
Narrative Update Mar 27

NETC: Mixed Rating Shifts Will Shape Future Re Rating Outlook

Netcompany Group's updated analyst price target has shifted slightly higher to about DKK 383, with analysts pointing to a modestly lower discount rate, stable revenue growth assumptions and a slightly stronger profit margin outlook, which is reflected in a marginally lower future P/E expectation. Analyst Commentary Recent research on Netcompany Group reflects a mix of optimism and caution, with several firms updating ratings and price targets in a short span.
Narrative Update Mar 12

NETC: Higher Future P E Multiple Will Support Re Rating Outlook

Analysts have nudged their DKK-based price targets for Netcompany higher, with one move of DKK 40 standing out. This is supported by views that the group can justify a slightly richer future P/E multiple despite some flagged short term earnings risk.
Narrative Update Feb 26

NETC: 2026 Guidance And Higher P E Multiple Will Support Re Rating

Analysts have lifted their DKK price targets on Netcompany Group by DKK 40 to DKK 365 and to DKK 332 in recent updates, reflecting revised views on earnings risk and sector positioning, while our fair value estimate remains unchanged. Analyst Commentary Recent research highlights a mix of optimism and caution around Netcompany Group, with price targets clustered around DKK 332 and DKK 365 as analysts reassess both earnings risk and the company’s position within European software and IT services.
Narrative Update Feb 09

NETC: 2026 Guidance And Higher P E Multiple May Support Re Rating

Narrative Update: Netcompany Group The updated analyst price target for Netcompany Group moves to DKK 380.29 from DKK 374.57, as analysts factor in Street research that pairs higher DKK-based targets with a more cautious view on near term earnings risk, slightly higher discount rates, lower revenue growth and profit margin assumptions, and a higher future P/E multiple. Analyst Commentary Recent Street research on Netcompany Group shows a mix of optimism and caution, with several firms adjusting ratings and price targets to reflect shifting views on earnings risk, execution and valuation.
Analysis Article Feb 07

Netcompany Group A/S Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Shareholders might have noticed that Netcompany Group A/S ( CPH:NETC ) filed its full-year result this time last week...
Narrative Update Jan 25

NETC: Buybacks And Guidance Reset Will Balance Mixed Rating Downgrades

Narrative Update The analyst price target for Netcompany Group has been revised from DKK 365.29 to DKK 374.57. Analysts cite modest tweaks to growth, margin and discount rate assumptions.
Narrative Update Jan 10

NETC: Stable Outlook And Updated Market View Will Support Measured Upside

Analysts have raised their price target on Netcompany Group to DKK 320 from DKK 290, reflecting updated views on valuation while keeping broader assumptions around growth, margins and P/E largely unchanged. Analyst Commentary Analysts lifting the price target to DKK 320 while keeping a Neutral stance signals a more refined view of what they think the shares are worth today, without a clear tilt toward either a strong buy or a strong sell view.
Analysis Article Dec 24

Is Now The Time To Look At Buying Netcompany Group A/S (CPH:NETC)?

While Netcompany Group A/S ( CPH:NETC ) might not have the largest market cap around , it saw a significant share price...
Narrative Update Dec 16

NETC: Stable Margins And Project Visibility Will Support Measured Upside Ahead

Narrative Update The analyst price target for Netcompany Group has been nudged higher to approximately DKK 365 from about DKK 362. Analysts have modestly refined their fair value assumptions and slightly lowered discount rates while maintaining broadly unchanged growth and margin expectations.
Analysis Article Dec 08

We Think Netcompany Group (CPH:NETC) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Dec 02

NETC: Modest Margin Improvements Will Support Measured Profitability Outlook Going Forward

Analysts have slightly increased their price target for Netcompany Group, raising it from DKK 358.14 to DKK 362.43. This change is attributed to modest improvements in profit margin and is supported by recent upward revisions in market estimates.
Narrative Update Nov 17

NETC: Organic Revenue Guidance Update Will Boost Profitability Outlook

Analysts have raised their price target for Netcompany Group from DKK333.71 to DKK358.14, citing improved growth and profitability projections. What's in the News Netcompany Group revised its earnings guidance for 2025, raising the minimum expectation and narrowing the forecast range for full-year organic revenue growth to between 6% and 8% (Key Developments).
Analysis Article Nov 07

Investors Can Find Comfort In Netcompany Group's (CPH:NETC) Earnings Quality

Netcompany Group A/S' ( CPH:NETC ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...
Analysis Article Nov 04

Netcompany Group A/S Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a pretty great week for Netcompany Group A/S ( CPH:NETC ) shareholders, with its shares surging 12% to kr.323...
Narrative Update Nov 01

NETC: Organic Revenue Range Adjustment And Profit Margin Outlook Will Balance Risks And Opportunities

Analysts have raised their price target for Netcompany Group from DKK 325.14 to DKK 333.71. This adjustment is based on improved projected profit margins, even though expectations for revenue growth are slightly lower.
Analysis Article Oct 31

Subdued Growth No Barrier To Netcompany Group A/S (CPH:NETC) With Shares Advancing 27%

The Netcompany Group A/S ( CPH:NETC ) share price has done very well over the last month, posting an excellent gain of...
Narrative Update Oct 18

Digitalization And AI Platforms Will Expand European Markets

Analysts have raised their price target for Netcompany Group from DKK 312.29 to DKK 325.14. This revision is due to improved revenue growth expectations and a slight uptick in profit margin forecasts.
Analysis Article Sep 17

Netcompany Group A/S (CPH:NETC) Shares Could Be 38% Below Their Intrinsic Value Estimate

Key Insights Netcompany Group's estimated fair value is kr.396 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update Sep 10

Digitalization And AI Platforms Will Expand European Markets

Amid virtually unchanged discount rate and consensus revenue growth forecasts, the consensus price target for Netcompany Group was revised marginally down from DKK313.00 to DKK312.29. What's in the News Maintained full-year 2025 earnings guidance, expecting organic revenue growth of 5% to 10%.
Analysis Article Sep 01

These 4 Measures Indicate That Netcompany Group (CPH:NETC) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Aug 17

Netcompany Group A/S Just Missed Earnings - But Analysts Have Updated Their Models

As you might know, Netcompany Group A/S ( CPH:NETC ) recently reported its quarterly numbers. Statutory earnings per...
Analysis Article Jul 10

Why We're Not Concerned About Netcompany Group A/S' (CPH:NETC) Share Price

When close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") below 15x, you may consider...
Analysis Article Apr 20

Why Netcompany Group A/S (CPH:NETC) Could Be Worth Watching

Netcompany Group A/S ( CPH:NETC ), might not be a large cap stock, but it received a lot of attention from a...
User avatar
New Narrative Mar 18

New Contracts With Munich Airport And Forca Will Strengthen Future Outlook

The revamped go-to-market strategy and key contract wins are set to boost revenue and margin expansion by leveraging partnerships and platform utilization.
Analysis Article Feb 26

Here's Why It's Unlikely That Netcompany Group A/S' (CPH:NETC) CEO Will See A Pay Rise This Year

Key Insights Netcompany Group's Annual General Meeting to take place on 4th of March Total pay for CEO Andre...
Analysis Article Jan 31

Earnings Miss: Netcompany Group A/S Missed EPS By 12% And Analysts Are Revising Their Forecasts

There's been a notable change in appetite for Netcompany Group A/S ( CPH:NETC ) shares in the week since its full-year...
Analysis Article Dec 20

Netcompany Group (CPH:NETC) Hasn't Managed To Accelerate Its Returns

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Nov 20

Netcompany Group A/S' (CPH:NETC) Intrinsic Value Is Potentially 46% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, Netcompany Group fair value estimate is kr.507 Netcompany...
Analysis Article Nov 03

Netcompany Group A/S (CPH:NETC) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

It's been a good week for Netcompany Group A/S ( CPH:NETC ) shareholders, because the company has just released its...
Analysis Article Oct 07

Market Participants Recognise Netcompany Group A/S' (CPH:NETC) Earnings

Netcompany Group A/S' ( CPH:NETC ) price-to-earnings (or "P/E") ratio of 40.1x might make it look like a strong sell...
Analysis Article Sep 20

Some Investors May Be Worried About Netcompany Group's (CPH:NETC) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article Sep 05

We Think Netcompany Group (CPH:NETC) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Aug 17

Netcompany Group A/S (CPH:NETC) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for Netcompany Group A/S ( CPH:NETC ) shareholders, because the company has just released its...
Analysis Article Jul 13

Is Netcompany Group A/S (CPH:NETC) Trading At A 41% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Netcompany Group fair value estimate is kr.493 Netcompany...
Analysis Article Jun 10

Netcompany Group (CPH:NETC) Will Be Hoping To Turn Its Returns On Capital Around

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Analysis Article May 25

Investors Appear Satisfied With Netcompany Group A/S' (CPH:NETC) Prospects

When close to half the companies in Denmark have price-to-earnings ratios (or "P/E's") below 15x, you may consider...
Analysis Article Apr 18

Is Netcompany Group (CPH:NETC) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Apr 03

Should You Think About Buying Netcompany Group A/S (CPH:NETC) Now?

While Netcompany Group A/S ( CPH:NETC ) might not have the largest market cap around , it led the CPSE gainers with a...
Analysis Article Feb 17

The Returns On Capital At Netcompany Group (CPH:NETC) Don't Inspire Confidence

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Feb 02

Why Investors Shouldn't Be Surprised By Netcompany Group A/S' (CPH:NETC) 25% Share Price Surge

Despite an already strong run, Netcompany Group A/S ( CPH:NETC ) shares have been powering on, with a gain of 25% in...
Analysis Article Jan 19

These 4 Measures Indicate That Netcompany Group (CPH:NETC) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jan 04

Netcompany Group A/S (CPH:NETC) Shares Could Be 24% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Netcompany Group is kr.294 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Dec 18

With Netcompany Group A/S (CPH:NETC) It Looks Like You'll Get What You Pay For

Netcompany Group A/S' ( CPH:NETC ) price-to-earnings (or "P/E") ratio of 25.3x might make it look like a strong sell...
Analysis Article Dec 04

Is Netcompany Group A/S (CPH:NETC) Potentially Undervalued?

Netcompany Group A/S ( CPH:NETC ), is not the largest company out there, but it saw significant share price movement...

Revenue & Expenses Breakdown

How Netcompany Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

CPSE:NETC Revenue, expenses and earnings (DKK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 268,5612799860
31 Dec 257,8922579470
30 Sep 257,3052271,0460
30 Jun 256,7514351,0130
31 Mar 256,6874998420
31 Dec 246,5414708310
30 Sep 246,4454188730
30 Jun 246,2933599020
31 Mar 246,1362939440
31 Dec 236,0783049900
30 Sep 236,0154549400
30 Jun 235,9025439080
31 Mar 235,7135748580
31 Dec 225,5456038050
30 Sep 225,1775447700
30 Jun 224,6274827020
31 Mar 224,1485106210
31 Dec 213,6325765400
30 Sep 213,2534264690
30 Jun 213,1494454380
31 Mar 212,9984294100
31 Dec 202,8393224110
30 Sep 202,7374424110
30 Jun 202,6344174040
31 Mar 202,5523834020
31 Dec 192,4543883780
30 Sep 192,3263313580
30 Jun 192,2243073380
31 Mar 192,1342293180
31 Dec 182,0531813020
30 Sep 181,9531532860
30 Jun 181,8001182640
31 Mar 181,6001572360
31 Dec 171,4161422110
31 Dec 16900331250
31 Dec 157581881040

Quality Earnings: NETC has a large one-off loss of DKK336.0M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: NETC's current net profit margins (3.3%) are lower than last year (7.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NETC's earnings have declined by 9.5% per year over the past 5 years.

Accelerating Growth: NETC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NETC had negative earnings growth (-44.1%) over the past year, making it difficult to compare to the IT industry average (-4.8%).


Return on Equity

High ROE: NETC's Return on Equity (8.2%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 05:41
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Netcompany Group A/S is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Orson RoutBarclays
Orson RoutBarclays