DFDS Valuation

Q: What is the Fair Price of DFDS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DFDS (DKK93.7) is trading below our estimate of [[fair value]] (DKK326.43)

Is DFDS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DFDS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DiscountedCashFlow

Community Contributor

DKK 326.43

Fair Value

71.3% undervalued

Number of Analysts

Below Fair Value: DFDS (DKK93.7) is trading below our estimate of fair value (DKK326.43)

Significantly Below Fair Value: DFDS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DFDS?

Key metric: As DFDS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DFDS. This is calculated by dividing DFDS's market cap by their current revenue.
What is DFDS's PS Ratio?
PS Ratio	0.2x
Sales	DKK 30.84b
Market Cap	DKK 5.06b

DFDS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	8.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does DFDS's PS Ratio compare to its peers?

The above table shows the PS ratio for DFDS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.4x
DNORD Dampskibsselskabet Norden	0.3x	n/a	DKK 7.5b
MAERSK B A.P. Møller - Mærsk	0.6x	-1.84%	DKK 196.5b
NTG NTG Nordic Transport Group	0.4x	4.44%	DKK 4.1b
ERRIA Erria	0.3x	n/a	DKK 50.4m
DFDS DFDS	0.2x	3.08%	DKK 5.1b

Price-To-Sales vs Peers: DFDS is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does DFDS's PS Ratio compare vs other companies in the European Shipping Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.8x	-0.7%
DFDS DFDS	0.2x	3.08%	US$788.73m

3 Companies		Estimated Growth	Market Cap
Industry Avg.	0.8x	-30.6%
DFDS DFDS	0.2x	111.28%	US$788.73m

No more companies

Price-To-Sales vs Industry: DFDS is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Shipping industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is DFDS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DFDS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: DFDS is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DFDS forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	DKK 93.70	DKK 107.00 +14.19%	28.72%	DKK 150.00	DKK 80.00	n/a	3
Dec ’26	DKK 91.30	DKK 107.00 +17.20%	28.72%	DKK 150.00	DKK 80.00	n/a	3
Nov ’26	DKK 91.25	DKK 122.33 +34.06%	28.60%	DKK 170.00	DKK 87.00	n/a	3
Oct ’26	DKK 97.95	DKK 126.33 +28.98%	24.70%	DKK 170.00	DKK 99.00	n/a	3
Sep ’26	DKK 100.60	DKK 126.33 +25.58%	24.70%	DKK 170.00	DKK 99.00	n/a	3
Aug ’26	DKK 113.80	DKK 131.50 +15.55%	31.05%	DKK 200.00	DKK 98.00	n/a	4
Jul ’26	DKK 113.50	DKK 130.75 +15.20%	31.64%	DKK 200.00	DKK 98.00	n/a	4
Jun ’26	DKK 104.70	DKK 128.25 +22.49%	32.70%	DKK 200.00	DKK 98.00	n/a	4
May ’26	DKK 94.30	DKK 137.33 +45.63%	33.48%	DKK 200.00	DKK 91.00	n/a	3
Apr ’26	DKK 88.90	DKK 137.33 +54.48%	33.48%	DKK 200.00	DKK 91.00	n/a	3
Mar ’26	DKK 102.70	DKK 154.67 +50.60%	29.97%	DKK 200.00	DKK 91.00	n/a	3
Feb ’26	DKK 107.10	DKK 160.33 +49.70%	24.08%	DKK 200.00	DKK 108.00	n/a	3
Jan ’26	DKK 133.50	DKK 347.50 +160.30%	7.91%	DKK 375.00	DKK 320.00	n/a	2
Dec ’25	DKK 141.00	DKK 347.50 +146.45%	7.91%	DKK 375.00	DKK 320.00	DKK 91.30	2
Nov ’25	DKK 140.60	DKK 347.50 +147.16%	7.91%	DKK 375.00	DKK 320.00	DKK 91.25	2
Oct ’25	DKK 169.10	DKK 347.50 +105.50%	7.91%	DKK 375.00	DKK 320.00	DKK 97.95	2
Sep ’25	DKK 184.20	DKK 342.50 +85.94%	6.57%	DKK 365.00	DKK 320.00	DKK 100.60	2
Aug ’25	DKK 187.00	DKK 324.00 +73.26%	17.89%	DKK 402.00	DKK 239.00	DKK 113.80	4
Jul ’25	DKK 204.60	DKK 348.00 +70.09%	12.47%	DKK 402.00	DKK 285.00	DKK 113.50	4
Jun ’25	DKK 213.40	DKK 348.00 +63.07%	12.47%	DKK 402.00	DKK 285.00	DKK 104.70	4
May ’25	DKK 212.80	DKK 349.25 +64.12%	12.99%	DKK 402.00	DKK 285.00	DKK 94.30	4
Apr ’25	DKK 200.40	DKK 349.25 +74.28%	12.99%	DKK 402.00	DKK 285.00	DKK 88.90	4
Mar ’25	DKK 207.20	DKK 349.25 +68.56%	12.99%	DKK 402.00	DKK 285.00	DKK 102.70	4
Feb ’25	DKK 234.40	DKK 374.00 +59.56%	14.66%	DKK 451.00	DKK 315.00	DKK 107.10	4
Jan ’25	DKK 223.00	DKK 364.50 +63.45%	14.63%	DKK 433.00	DKK 310.00	DKK 133.50	4
Dec ’24	DKK 212.60	DKK 359.50 +69.10%	16.37%	DKK 433.00	DKK 290.00	DKK 141.00	4

AnalystPriceTarget

Community Contributor

DKK 107

Fair Value

12.4% undervalued

Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/07 20:26
End of Day Share Price	2025/12/05 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

DFDS A/S is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Marcus Bellander	Carnegie Investment Bank AB
null null	Danske Bank
Ulrik Bak	Danske Bank