Pandora A/S

LSE:0NQC Stock Report

Market Cap: DKK 57.7b

Pandora Valuation

Is 0NQC 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 0NQC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DKK 1.23k
Fair Value
38.4% undervalued intrinsic discount
17
Number of Analysts

Below Fair Value: 0NQC (DKK757.41) is trading below our estimate of fair value (DKK1229.38)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0NQC. This is calculated by dividing 0NQC's market cap by their current earnings.
What is 0NQC's PE Ratio?
PE Ratio11x
EarningsDKK 5.26b
Market CapDKK 57.71b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0NQC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
GAW Games Workshop Group
33x1.08%UK£6.5b
BTRW Barratt Redrow
29.5x23.49%UK£5.5b
PSN Persimmon
16.6x15.20%UK£4.3b
BKG Berkeley Group Holdings
9.3x-1.52%UK£3.5b
0NQC Pandora
11x4.10%DKK 57.7b

Price-To-Earnings vs Peers: 0NQC is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

How does 0NQC's PE Ratio compare vs other companies in the European Luxury Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NQC 11.0xIndustry Avg. 20.6xNo. of Companies7PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NQC is good value based on its Price-To-Earnings Ratio (11x) compared to the European Luxury industry average (19.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0NQC'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.

0NQC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: 0NQC is good value based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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 0NQC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 757.41
DKK 995.88
+31.48%
18.07%DKK 1,300.00DKK 650.00n/a17
Nov ’26DKK 872.26
DKK 1,037.12
+18.90%
16.94%DKK 1,310.00DKK 700.00n/a17
Oct ’26DKK 833.48
DKK 1,073.06
+28.74%
20.21%DKK 1,570.00DKK 700.00n/a18
Sep ’26DKK 873.23
DKK 1,128.61
+29.25%
20.47%DKK 1,650.00DKK 700.00n/a18
Aug ’26DKK 1,077.00
DKK 1,204.44
+11.83%
17.97%DKK 1,650.00DKK 700.00n/a18
Jul ’26DKK 1,095.36
DKK 1,229.41
+12.24%
17.85%DKK 1,650.00DKK 700.00n/a17
Jun ’26DKK 1,199.00
DKK 1,239.17
+3.35%
17.27%DKK 1,570.00DKK 700.00n/a18
May ’26DKK 982.57
DKK 1,217.19
+23.88%
18.07%DKK 1,570.00DKK 700.00n/a16
Apr ’26DKK 1,070.84
DKK 1,355.00
+26.54%
14.96%DKK 1,700.00DKK 1,010.00n/a15
Mar ’26DKK 1,253.72
DKK 1,410.67
+12.52%
14.99%DKK 1,700.00DKK 1,010.00n/a15
Feb ’26DKK 1,390.16
DKK 1,329.00
-4.40%
13.88%DKK 1,550.00DKK 1,000.00n/a15
Jan ’26DKK 1,325.24
DKK 1,242.20
-6.27%
12.03%DKK 1,500.00DKK 1,000.00n/a15
Dec ’25DKK 1,130.37
DKK 1,216.93
+7.66%
12.34%DKK 1,500.00DKK 1,000.00DKK 757.4115
Nov ’25DKK 1,051.82
DKK 1,235.53
+17.47%
12.42%DKK 1,470.00DKK 1,010.00DKK 872.2615
Oct ’25DKK 1,069.23
DKK 1,227.60
+14.81%
12.98%DKK 1,470.00DKK 1,010.00DKK 833.4815
Sep ’25DKK 1,181.00
DKK 1,193.93
+1.10%
12.98%DKK 1,400.00DKK 920.00DKK 873.2315
Aug ’25DKK 1,078.00
DKK 1,201.93
+11.50%
13.12%DKK 1,400.00DKK 920.00DKK 1,077.0014
Jul ’25DKK 1,030.25
DKK 1,211.21
+17.57%
11.89%DKK 1,400.00DKK 1,010.00DKK 1,095.3614
Jun ’25DKK 1,113.50
DKK 1,200.07
+7.77%
11.18%DKK 1,400.00DKK 1,010.00DKK 1,199.0014
May ’25DKK 1,086.00
DKK 1,179.36
+8.60%
12.92%DKK 1,400.00DKK 900.00DKK 982.5714
Apr ’25DKK 1,114.50
DKK 1,148.67
+3.07%
14.32%DKK 1,400.00DKK 900.00DKK 1,070.8415
Mar ’25DKK 1,135.19
DKK 1,104.81
-2.68%
14.81%DKK 1,360.00DKK 820.00DKK 1,253.7216
Feb ’25DKK 1,005.11
DKK 989.81
-1.52%
12.35%DKK 1,200.00DKK 720.00DKK 1,390.1616
Jan ’25DKK 931.40
DKK 936.31
+0.53%
11.46%DKK 1,115.00DKK 730.00DKK 1,325.2416
Dec ’24DKK 927.61
DKK 928.50
+0.096%
11.98%DKK 1,115.00DKK 730.00DKK 1,130.3716
DKK 980.88
Fair Value
22.8% undervalued intrinsic discount
17
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

DataLast Updated (UTC time)
Company Analysis2025/12/01 15:09
End of Day Share Price 2025/12/01 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Pandora A/S is covered by 36 analysts. 17 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
Mariana Horn UribeBerenberg
Melania GrippoBNP Paribas