NTG Nordic Transport Group A/S

BATS-CHIXE:NTGC Stock Report

Market Cap: DKK 5.1b

NTG Nordic Transport Group Valuation

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

Discounted Cash Flow
Simply Wall St
DKK 689.59
Fair Value
65.8% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: NTGC (DKK236) is trading below our estimate of fair value (DKK689.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NTGC. This is calculated by dividing NTGC's market cap by their current earnings.
What is NTGC's PE Ratio?
PE Ratio16.2x
EarningsDKK 314.00m
Market CapDKK 5.09b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NTGC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.3x
ZIG Zigup
7.5x5.4%UK£700.1m
FGP FirstGroup
10.2x3.7%UK£969.7m
OCN Ocean Wilsons Holdings
9.6x4.8%UK£470.3m
ICGC Irish Continental Group
13.8xn/aUK£750.5m
NTGC NTG Nordic Transport Group
16.2x16.6%DKK 5.1b

Price-To-Earnings vs Peers: NTGC is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

How does NTGC's PE Ratio compare vs other companies in the European Transportation Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies6PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NTGC is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the European Transportation industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is NTGC'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.

NTGC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NTGC'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 NTGC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 385.24
0%
6.3%DKK 415.00DKK 350.97n/a4
Feb ’26DKK 236.00
DKK 387.74
+64.3%
6.1%DKK 415.00DKK 350.97n/a4
Jan ’26n/a
DKK 396.50
0%
3.1%DKK 415.00DKK 385.00n/a4
Dec ’25n/a
DKK 396.50
0%
3.1%DKK 415.00DKK 385.00n/a4
Nov ’25n/a
DKK 386.50
0%
4.6%DKK 415.00DKK 366.00n/a4
Oct ’25n/a
DKK 377.75
0%
1.9%DKK 385.00DKK 366.00n/a4
Sep ’25n/a
DKK 376.25
0%
2.6%DKK 385.00DKK 360.00n/a4
Aug ’25n/a
DKK 360.40
0%
5.0%DKK 380.00DKK 333.00n/a5
Jul ’25n/a
DKK 360.40
0%
5.0%DKK 380.00DKK 333.00n/a5
Jun ’25n/a
DKK 362.00
0%
5.0%DKK 380.00DKK 333.00n/a5
May ’25n/a
DKK 356.40
0%
6.9%DKK 380.00DKK 310.00n/a5
Apr ’25n/a
DKK 362.40
0%
8.3%DKK 400.00DKK 310.00n/a5
Mar ’25DKK 284.25
DKK 367.80
+29.4%
7.6%DKK 400.00DKK 320.00n/a5
Feb ’25n/a
DKK 370.80
0%
7.5%DKK 400.00DKK 320.00DKK 236.005
Jan ’25n/a
DKK 377.80
0%
16.9%DKK 474.00DKK 275.00n/a5
Dec ’24n/a
DKK 377.80
0%
16.9%DKK 474.00DKK 275.00n/a5
Nov ’24n/a
DKK 381.80
0%
17.5%DKK 479.00DKK 275.00n/a5
Oct ’24n/a
DKK 441.00
0%
8.1%DKK 479.00DKK 390.00n/a4
Sep ’24n/a
DKK 446.33
0%
9.0%DKK 479.00DKK 390.00n/a3
Aug ’24n/a
DKK 468.67
0%
6.0%DKK 496.00DKK 430.00n/a3
Jul ’24DKK 414.00
DKK 460.00
+11.1%
4.7%DKK 480.00DKK 430.00n/a3
Jun ’24n/a
DKK 460.00
0%
4.7%DKK 480.00DKK 430.00n/a3
May ’24DKK 360.00
DKK 435.00
+20.8%
8.0%DKK 470.00DKK 400.00n/a2
Apr ’24n/a
DKK 435.00
0%
8.0%DKK 470.00DKK 400.00n/a2
Mar ’24DKK 314.50
DKK 380.00
+20.8%
15.8%DKK 440.00DKK 320.00DKK 284.252
Feb ’24n/a
DKK 340.00
0%
23.5%DKK 420.00DKK 260.00n/a2
Analyst Price Target
Consensus Narrative from 4 Analysts
DKK 381.20
Fair Value
38.1% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 08:31
End of Day Share Price 2025/01/27 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.

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

NTG Nordic Transport Group A/S is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karl VikströmBerenberg
null nullDanske Bank
Michael Vitfell-RasmussenDanske Bank