Netcompany Group A/S

BATS-CHIXE:NETCC Stock Report

Market Cap: DKK 16.2b

Netcompany Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 NETCC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NETCC (DKK368.6) is trading below our estimate of fair value (DKK502.03)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NETCC. This is calculated by dividing NETCC's market cap by their current earnings.
What is NETCC's PE Ratio?
PE Ratio38.8x
EarningsDKK 417.60m
Market CapDKK 16.21b

Price to Earnings Ratio vs Peers

How does NETCC's PE Ratio compare to its peers?

The above table shows the PE ratio for NETCC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.1x
CCC Computacenter
13.2x6.4%UK£2.2b
KNOS Kainos Group
18.6x1.5%UK£968.3m
SCT Softcat
25.4x8.6%UK£3.0b
FDM FDM Group (Holdings)
11.1x-7.3%UK£336.6m
NETCC Netcompany Group
38.8x29.5%DKK 16.2b

Price-To-Earnings vs Peers: NETCC is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does NETCC's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies26PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NETCC is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the European IT industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is NETCC'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.

NETCC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NETCC's Price-To-Earnings Fair Ratio for valuation analysis.

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 NETCC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 349.71
0%
11.8%DKK 428.00DKK 300.00n/a7
Dec ’25n/a
DKK 340.29
0%
9.4%DKK 387.00DKK 300.00n/a7
Nov ’25n/a
DKK 333.14
0%
9.5%DKK 387.00DKK 300.00n/a7
Oct ’25n/a
DKK 323.00
0%
8.0%DKK 374.00DKK 295.00n/a8
Sep ’25n/a
DKK 310.44
0%
13.4%DKK 374.00DKK 215.00n/a9
Aug ’25n/a
DKK 301.78
0%
12.2%DKK 346.00DKK 215.00n/a9
Jul ’25n/a
DKK 303.00
0%
12.6%DKK 357.00DKK 215.00n/a9
Jun ’25DKK 301.70
DKK 301.33
-0.1%
12.5%DKK 357.00DKK 215.00n/a9
May ’25n/a
DKK 281.56
0%
13.3%DKK 325.00DKK 200.00n/a9
Apr ’25n/a
DKK 275.67
0%
15.0%DKK 325.00DKK 200.00n/a9
Mar ’25n/a
DKK 275.67
0%
15.0%DKK 325.00DKK 200.00n/a9
Feb ’25n/a
DKK 265.56
0%
14.1%DKK 325.00DKK 200.00n/a9
Jan ’25n/a
DKK 257.22
0%
13.2%DKK 305.00DKK 190.00n/a9
Dec ’24n/a
DKK 256.11
0%
13.4%DKK 305.00DKK 190.00n/a9
Nov ’24n/a
DKK 284.69
0%
13.0%DKK 350.00DKK 230.00n/a8
Oct ’24n/a
DKK 280.00
0%
14.7%DKK 350.00DKK 210.00n/a7
Sep ’24n/a
DKK 280.00
0%
14.7%DKK 350.00DKK 210.00n/a7
Aug ’24n/a
DKK 314.88
0%
20.9%DKK 430.00DKK 215.00n/a8
Jul ’24n/a
DKK 313.63
0%
21.6%DKK 430.00DKK 205.00n/a8
Jun ’24n/a
DKK 313.63
0%
21.6%DKK 430.00DKK 205.00DKK 301.708
May ’24DKK 262.10
DKK 313.31
+19.5%
21.7%DKK 432.50DKK 205.00n/a8
Apr ’24n/a
DKK 314.88
0%
22.5%DKK 445.00DKK 205.00n/a8
Mar ’24n/a
DKK 314.88
0%
22.5%DKK 445.00DKK 205.00n/a8
Feb ’24n/a
DKK 338.43
0%
20.0%DKK 445.00DKK 260.00n/a7
Jan ’24n/a
DKK 416.33
0%
12.7%DKK 475.00DKK 325.00n/a6

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 12:31
End of Day Share Price 2024/12/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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

Netcompany Group A/S is covered by 12 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
Orson RoutBarclays
Orson RoutBarclays
Aditya BuddhavarapuBofA Global Research