Netcompany Group A/S

LSE:0YH9 Stock Report

Market Cap: DKK 16.9b

Netcompany Group Valuation

Is 0YH9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 0YH9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0YH9 (DKK354.8) is trading below our estimate of fair value (DKK499.73)

Significantly Below Fair Value: 0YH9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0YH9?

Key metric: As 0YH9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0YH9. This is calculated by dividing 0YH9's market cap by their current earnings.
What is 0YH9's PE Ratio?
PE Ratio40.4x
EarningsDKK 417.60m
Market CapDKK 16.89b

Price to Earnings Ratio vs Peers

How does 0YH9's PE Ratio compare to its peers?

The above table shows the PE ratio for 0YH9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
CCC Computacenter
13.8x7.0%UK£2.4b
KNOS Kainos Group
20x1.7%UK£1.0b
SCT Softcat
27.3x8.6%UK£3.2b
FDM FDM Group (Holdings)
11.6x-7.3%UK£352.4m
0YH9 Netcompany Group
40.4x30.0%DKK 16.9b

Price-To-Earnings vs Peers: 0YH9 is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does 0YH9's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0YH9 40.4xIndustry Avg. 17.9xNo. of Companies27PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0YH9 is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0YH9'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.

0YH9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.4x
Fair PE Ratio45.9x

Price-To-Earnings vs Fair Ratio: 0YH9 is good value based on its Price-To-Earnings Ratio (40.4x) compared to the estimated Fair Price-To-Earnings Ratio (45.9x).

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 0YH9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 354.80
DKK 340.29
-4.1%
9.4%DKK 387.00DKK 300.00n/a7
Nov ’25DKK 319.80
DKK 333.14
+4.2%
9.5%DKK 387.00DKK 300.00n/a7
Oct ’25DKK 308.80
DKK 323.00
+4.6%
8.0%DKK 374.00DKK 295.00n/a8
Sep ’25DKK 305.20
DKK 310.44
+1.7%
13.4%DKK 374.00DKK 215.00n/a9
Aug ’25DKK 290.22
DKK 301.78
+4.0%
12.2%DKK 346.00DKK 215.00n/a9
Jul ’25DKK 305.40
DKK 303.00
-0.8%
12.6%DKK 357.00DKK 215.00n/a9
Jun ’25DKK 300.80
DKK 301.33
+0.2%
12.5%DKK 357.00DKK 215.00n/a9
May ’25DKK 257.20
DKK 281.56
+9.5%
13.3%DKK 325.00DKK 200.00n/a9
Apr ’25DKK 285.00
DKK 275.67
-3.3%
15.0%DKK 325.00DKK 200.00n/a9
Mar ’25DKK 299.29
DKK 275.67
-7.9%
15.0%DKK 325.00DKK 200.00n/a9
Feb ’25DKK 279.28
DKK 265.56
-4.9%
14.1%DKK 325.00DKK 200.00n/a9
Jan ’25DKK 225.94
DKK 257.22
+13.8%
13.2%DKK 305.00DKK 190.00n/a9
Dec ’24DKK 217.37
DKK 256.11
+17.8%
13.4%DKK 305.00DKK 190.00n/a9
Nov ’24DKK 222.89
DKK 284.69
+27.7%
13.0%DKK 350.00DKK 230.00DKK 319.808
Oct ’24DKK 269.66
DKK 280.00
+3.8%
14.7%DKK 350.00DKK 210.00DKK 308.807
Sep ’24DKK 258.83
DKK 280.00
+8.2%
14.7%DKK 350.00DKK 210.00DKK 305.207
Aug ’24DKK 317.13
DKK 314.88
-0.7%
20.9%DKK 430.00DKK 215.00DKK 290.228
Jul ’24DKK 282.24
DKK 313.63
+11.1%
21.6%DKK 430.00DKK 205.00DKK 305.408
Jun ’24DKK 281.50
DKK 313.63
+11.4%
21.6%DKK 430.00DKK 205.00DKK 300.808
May ’24DKK 260.14
DKK 313.31
+20.4%
21.7%DKK 432.50DKK 205.00DKK 257.208
Apr ’24DKK 249.19
DKK 314.88
+26.4%
22.5%DKK 445.00DKK 205.00DKK 285.008
Mar ’24DKK 242.80
DKK 314.88
+29.7%
22.5%DKK 445.00DKK 205.00DKK 299.298
Feb ’24DKK 275.00
DKK 338.43
+23.1%
20.0%DKK 445.00DKK 260.00DKK 279.287
Jan ’24DKK 294.10
DKK 416.33
+41.6%
12.7%DKK 475.00DKK 325.00DKK 225.946
Dec ’23DKK 338.10
DKK 415.50
+22.9%
12.7%DKK 475.00DKK 325.00DKK 217.376
Nov ’23DKK 266.08
DKK 399.50
+50.1%
15.5%DKK 475.00DKK 280.00DKK 222.896

Analyst Forecast: Target price is lower than the current share price.

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