ISS Valuation

Q: What is the Fair Price of 0QRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0QRS (DKK126.1) is trading below our estimate of [[fair value]] (DKK280.53)

Is 0QRS 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0QRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow

Simply Wall St

DKK 280.53

Fair Value

55.0% undervalued

Number of Analysts

Below Fair Value: 0QRS (DKK126.1) is trading below our estimate of fair value (DKK280.53)

Significantly Below Fair Value: 0QRS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QRS?

Key metric: As 0QRS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QRS. This is calculated by dividing 0QRS's market cap by their current earnings.
What is 0QRS's PE Ratio?
PE Ratio	10.6x
Earnings	DKK 2.10b
Market Cap	DKK 22.29b

0QRS 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	0.4x
Enterprise Value/EBITDA	9.6x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does 0QRS's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	35.6x
JSG Johnson Service Group	17.9x	20.9%	UK£556.2m
MER Mears Group	7.8x	-14.0%	UK£328.6m
RST Restore	80x	48.2%	UK£304.0m
FRAN Franchise Brands	36.4x	n/a	UK£262.2m
0QRS ISS	10.6x	14.3%	DKK 22.3b

Price-To-Earnings vs Peers: 0QRS is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (35.6x).

Price to Earnings Ratio vs Industry

How does 0QRS's PE Ratio compare vs other companies in the European Commercial Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0QRS is good value based on its Price-To-Earnings Ratio (10.6x) compared to the European Commercial Services industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0QRS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0QRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.6x
Fair PE Ratio	25.5x

Price-To-Earnings vs Fair Ratio: 0QRS is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).

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 0QRS 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 126.10	DKK 153.67 +21.9%	19.4%	DKK 220.00	DKK 125.00	n/a	9
Jan ’26	DKK 132.06	DKK 156.89 +18.8%	17.4%	DKK 220.00	DKK 125.00	n/a	9
Dec ’25	DKK 128.31	DKK 156.89 +22.3%	17.4%	DKK 220.00	DKK 125.00	n/a	9
Nov ’25	DKK 133.20	DKK 155.78 +17.0%	18.0%	DKK 220.00	DKK 125.00	n/a	9
Oct ’25	DKK 133.56	DKK 155.78 +16.6%	18.0%	DKK 220.00	DKK 125.00	n/a	9
Sep ’25	DKK 124.95	DKK 155.56 +24.5%	18.1%	DKK 220.00	DKK 125.00	n/a	9
Aug ’25	DKK 123.80	DKK 163.90 +32.4%	16.0%	DKK 210.00	DKK 120.00	n/a	10
Jul ’25	DKK 122.90	DKK 163.90 +33.4%	16.0%	DKK 210.00	DKK 120.00	n/a	10
Jun ’25	DKK 133.04	DKK 164.40 +23.6%	16.5%	DKK 215.00	DKK 120.00	n/a	10
May ’25	DKK 127.60	DKK 160.82 +26.0%	18.5%	DKK 215.00	DKK 105.00	n/a	11
Apr ’25	DKK 125.70	DKK 157.64 +25.4%	17.3%	DKK 215.00	DKK 105.00	n/a	11
Mar ’25	DKK 123.51	DKK 157.18 +27.3%	16.2%	DKK 205.00	DKK 105.00	n/a	11
Feb ’25	DKK 129.88	DKK 160.36 +23.5%	14.9%	DKK 205.00	DKK 105.00	n/a	11
Jan ’25	DKK 128.77	DKK 159.09 +23.5%	15.6%	DKK 205.00	DKK 105.00	DKK 132.06	11
Dec ’24	DKK 117.56	DKK 159.09 +35.3%	15.6%	DKK 205.00	DKK 105.00	DKK 128.31	11
Nov ’24	DKK 102.25	DKK 168.00 +64.3%	17.5%	DKK 230.00	DKK 105.00	DKK 133.20	11
Oct ’24	DKK 109.40	DKK 172.58 +57.8%	17.4%	DKK 230.00	DKK 105.00	DKK 133.56	12
Sep ’24	DKK 123.05	DKK 174.67 +41.9%	14.8%	DKK 230.00	DKK 130.00	DKK 124.95	12
Aug ’24	DKK 137.18	DKK 177.58 +29.4%	15.1%	DKK 240.00	DKK 130.00	DKK 123.80	12
Jul ’24	DKK 143.89	DKK 177.42 +23.3%	15.1%	DKK 240.00	DKK 130.00	DKK 122.90	12
Jun ’24	DKK 133.39	DKK 176.58 +32.4%	15.3%	DKK 240.00	DKK 130.00	DKK 133.04	12
May ’24	DKK 139.92	DKK 175.17 +25.2%	15.0%	DKK 235.00	DKK 130.00	DKK 127.60	12
Apr ’24	DKK 139.60	DKK 175.60 +25.8%	16.3%	DKK 235.00	DKK 130.00	DKK 125.70	10
Mar ’24	DKK 152.67	DKK 171.00 +12.0%	19.1%	DKK 240.00	DKK 120.00	DKK 123.51	11
Feb ’24	DKK 149.22	DKK 169.09 +13.3%	19.9%	DKK 240.00	DKK 120.00	DKK 129.88	11
Jan ’24	DKK 147.23	DKK 167.82 +14.0%	20.0%	DKK 240.00	DKK 120.00	DKK 128.77	11

Analyst Price Target

Consensus Narrative from 9 Analysts

DKK 153.06

Fair Value

17.6% undervalued

Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/19 04:13
End of Day Share Price	2025/01/17 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

ISS A/S is covered by 24 analysts. 11 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
Michael Vitfell-Rasmussen	ABG Sundal Collier
Paul Daniel Checketts	Barclays
Andrew Grobler	BNP Paribas Exane