Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
DSV A/S
Physical assets are 18.7% of total assets, a light footprint. Capex is 0.24x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 7.1%, below an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 4.70x.
Physical asset ratio
18.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 52.19BpropertyPlantAndEquipmentNetInventoryDKK 2.10BinventoryTotal assetsDKK 290.37BtotalAssetsResult 18.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.70xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueDKK 245.21BtotalRevenueNet PP&EDKK 52.19BpropertyPlantAndEquipmentNetResult 4.70x
Revenue per dollar of the physical asset base.
Capex / D&A
0.24xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexDKK 2.07BcapitalExpendituresD&ADKK 8.68BdepreciationAndAmortizationResult 0.24x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-DKK 140.85Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 290.37BtotalAssetsGoodwillDKK 147.44BgoodWillIntangiblesDKK 3.51BintangibleAssetsLiabilitiesDKK 172.68BtotalLiabTangible book-DKK 33.26BShares236,159,000commonStockSharesOutstandingResult -DKK 140.85
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePriceDKK 1.38KLatest quoteTangible book / share-DKK 140.852025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price DKK 1.38K.
Fixed-charge coverage
1.63xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 24.58BebitdaCapexDKK 2.07BcapitalExpendituresInterestDKK 3.76BinterestExpenseShort-term debtDKK 10.06BshortLongTermDebtEBITDA − capexDKK 22.51BPrincipal due is the current portion of debt.Result 1.63x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
6.0%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowDKK 19.42BfreeCashFlowMarket capDKK 325.09BMarketCapitalizationResult 6.0%
Latest free cash flow divided by current market cap (DKK 325.09B).
ROIC
7.1%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 17.45BoperatingIncomeTax expenseDKK 3.68BincomeTaxExpensePretax incomeDKK 12.15BincomeBeforeTaxTax rate30.3%EquityDKK 117.41BtotalStockholderEquityDebtDKK 67.01BlongTermDebt + shortLongTermDebtCashDKK 13.18BcashInvested capitalDKK 171.24BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 7.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.33x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 8.3%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 2.49BpropertyPlantEquipmentInventoryDKK 718.00MinventoryTotal assetsDKK 38.81BtotalAssetsResult 8.3% | 31.58xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueDKK 78.63BtotalRevenueNet PP&EDKK 2.49BpropertyPlantEquipmentResult 31.58x | 1.59xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexDKK 1.21BcapitalExpendituresD&ADKK 762.00MdepreciationAndAmortizationResult 1.59x | -DKK 11.93Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 38.81BtotalAssetsGoodwillDKK 15.51BgoodWillIntangiblesDKK 1.23BintangibleAssetsLiabilitiesDKK 24.28BtotalLiabTangible book-DKK 2.21BShares185,287,000commonStockSharesOutstandingResult -DKK 11.93 | 13.13xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 6.32BebitdaCapexDKK 1.21BcapitalExpendituresInterestDKK 355.00MinterestExpenseShort-term debtDKK 34.00MshortLongTermDebtEBITDA − capexDKK 5.11BPrincipal due is the current portion of debt.Result 13.13x | DKK 3.09BFree cash flow · 2018-12-31Reported free cash flowOperating cash flowDKK 4.30BtotalCashFromOperatingActivitiesCapexDKK 1.21BcapitalExpendituresFree cash flowDKK 3.09BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 3.09B | 18.0%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 5.03BoperatingIncomeTax expenseDKK 1.21BincomeTaxExpensePretax incomeDKK 5.20BincomeBeforeTaxTax rate23.3%EquityDKK 14.56BtotalStockholderEquityDebtDKK 7.14BshortLongTermDebtTotalCashDKK 275.00McashInvested capitalDKK 21.42BResult 18.0% | 2.02xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeDKK 5.03BoperatingIncomeNet PP&EDKK 2.49BpropertyPlantEquipmentResult 2.02x |
| 2019 | 16.4%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 14.69BpropertyPlantEquipmentInventoryDKK 1.32BinventoryTotal assetsDKK 97.56BtotalAssetsResult 16.4% | 6.41xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueDKK 94.19BtotalRevenueNet PP&EDKK 14.69BpropertyPlantEquipmentResult 6.41x | 0.36xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexDKK 1.29BcapitalExpendituresD&ADKK 3.64BdepreciationAndAmortizationResult 0.36x | -DKK 13.25Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 97.56BtotalAssetsGoodwillDKK 50.25BgoodWillIntangiblesDKK 1.74BintangibleAssetsLiabilitiesDKK 48.24BtotalLiabTangible book-DKK 2.67BShares201,405,000commonStockSharesOutstandingResult -DKK 13.25 | 3.53xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 9.41BebitdaCapexDKK 1.29BcapitalExpendituresInterestDKK 779.00MinterestExpenseShort-term debtDKK 1.52BshortLongTermDebtEBITDA − capexDKK 8.12BPrincipal due is the current portion of debt.Result 3.53x | DKK 5.59BFree cash flow · 2019-12-31Reported free cash flowOperating cash flowDKK 6.88BtotalCashFromOperatingActivitiesCapexDKK 1.29BcapitalExpendituresFree cash flowDKK 5.59BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 5.59B | 8.2%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 6.14BoperatingIncomeTax expenseDKK 1.29BincomeTaxExpensePretax incomeDKK 5.00BincomeBeforeTaxTax rate25.8%EquityDKK 49.43BtotalStockholderEquityDebtDKK 7.98BlongTermDebt + shortLongTermDebtCashDKK 2.04BcashInvested capitalDKK 55.37BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 8.2% | 0.42xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeDKK 6.14BoperatingIncomeNet PP&EDKK 14.69BpropertyPlantEquipmentResult 0.42x |
| 2020 | 16.2%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 14.13BpropertyPlantEquipmentInventoryDKK 1.43BinventoryTotal assetsDKK 96.25BtotalAssetsResult 16.2% | 8.16xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueDKK 115.30BtotalRevenueNet PP&EDKK 14.13BpropertyPlantEquipmentResult 8.16x | 0.33xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexDKK 1.34BcapitalExpendituresD&ADKK 4.04BdepreciationAndAmortizationResult 0.33x | -DKK 5.91Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 96.25BtotalAssetsGoodwillDKK 47.48BgoodWillIntangiblesDKK 1.19BintangibleAssetsLiabilitiesDKK 48.95BtotalLiabTangible book-DKK 1.37BShares231,576,000commonStockSharesOutstandingResult -DKK 5.91 | 4.40xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 10.57BebitdaCapexDKK 1.34BcapitalExpendituresInterestDKK 912.00MinterestExpenseShort-term debtDKK 1.19BshortLongTermDebtEBITDA − capexDKK 9.23BPrincipal due is the current portion of debt.Result 4.40x | DKK 8.94BFree cash flow · 2020-12-31Reported free cash flowOperating cash flowDKK 10.28BtotalCashFromOperatingActivitiesCapexDKK 1.34BcapitalExpendituresFree cash flowDKK 8.94BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 8.94B | 12.9%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 8.89BoperatingIncomeTax expenseDKK 1.37BincomeTaxExpensePretax incomeDKK 5.63BincomeBeforeTaxTax rate24.3%EquityDKK 47.39BtotalStockholderEquityDebtDKK 8.88BlongTermDebt + shortLongTermDebtCashDKK 4.06BcashInvested capitalDKK 52.21BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 12.9% | 0.63xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeDKK 8.89BoperatingIncomeNet PP&EDKK 14.13BpropertyPlantEquipmentResult 0.63x |
| 2021 | 12.5%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 19.97BpropertyPlantEquipmentInventoryDKK 284.00MinventoryTotal assetsDKK 161.40BtotalAssetsResult 12.5% | 9.10xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueDKK 181.71BtotalRevenueNet PP&EDKK 19.97BpropertyPlantEquipmentResult 9.10x | 0.35xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexDKK 1.48BcapitalExpendituresD&ADKK 4.19BdepreciationAndAmortizationResult 0.35x | -DKK 10.24Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 161.40BtotalAssetsGoodwillDKK 75.06BgoodWillIntangiblesDKK 1.60BintangibleAssetsLiabilitiesDKK 87.12BtotalLiabTangible book-DKK 2.38BShares232,639,000commonStockSharesOutstandingResult -DKK 10.24 | 3.41xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 20.07BebitdaCapexDKK 1.48BcapitalExpendituresInterestDKK 977.00MinterestExpenseShort-term debtDKK 4.47BshortLongTermDebtEBITDA − capexDKK 18.59BPrincipal due is the current portion of debt.Result 3.41x | DKK 10.72BFree cash flow · 2021-12-31Reported free cash flowOperating cash flowDKK 12.20BtotalCashFromOperatingActivitiesCapexDKK 1.48BcapitalExpendituresFree cash flowDKK 10.72BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 10.72B | 13.5%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 15.62BoperatingIncomeTax expenseDKK 3.65BincomeTaxExpensePretax incomeDKK 14.90BincomeBeforeTaxTax rate24.5%EquityDKK 74.10BtotalStockholderEquityDebtDKK 21.47BlongTermDebt + shortLongTermDebtCashDKK 8.30BcashInvested capitalDKK 87.27BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 13.5% | 0.78xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeDKK 15.62BoperatingIncomeNet PP&EDKK 19.97BpropertyPlantEquipmentResult 0.78x |
| 2022 | 14.4%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 20.98BpropertyPlantEquipmentInventoryDKK 1.89BinventoryTotal assetsDKK 159.05BtotalAssetsResult 14.4% | 11.19xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueDKK 234.67BtotalRevenueNet PP&EDKK 20.98BpropertyPlantEquipmentResult 11.19x | 0.35xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexDKK 1.79BcapitalExpendituresD&ADKK 5.07BdepreciationAndAmortizationResult 0.35x | -DKK 25.74Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 159.05BtotalAssetsGoodwillDKK 76.29BgoodWillIntangiblesDKK 1.38BintangibleAssetsLiabilitiesDKK 87.30BtotalLiabTangible book-DKK 5.93BShares230,467,000commonStockSharesOutstandingResult -DKK 25.74 | 12.33xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 29.74BebitdaCapexDKK 1.79BcapitalExpendituresInterestDKK 1.45BinterestExpenseShort-term debtDKK 814.00MshortLongTermDebtEBITDA − capexDKK 27.94BPrincipal due is the current portion of debt.Result 12.33x | DKK 25.05BFree cash flow · 2022-12-31Reported free cash flowOperating cash flowDKK 26.85BtotalCashFromOperatingActivitiesCapexDKK 1.79BcapitalExpendituresFree cash flowDKK 25.05BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 25.05B | 21.6%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 24.21BoperatingIncomeTax expenseDKK 5.55BincomeTaxExpensePretax incomeDKK 23.22BincomeBeforeTaxTax rate23.9%EquityDKK 71.52BtotalStockholderEquityDebtDKK 22.21BlongTermDebt + shortLongTermDebtCashDKK 8.38BcashInvested capitalDKK 85.35BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 21.6% | 1.15xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeDKK 24.21BoperatingIncomeNet PP&EDKK 20.98BpropertyPlantEquipmentResult 1.15x |
| 2023 | 17.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 21.87BpropertyPlantAndEquipmentNetInventoryDKK 4.31BinventoryTotal assetsDKK 147.11BtotalAssetsResult 17.8% | 6.86xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueDKK 149.92BtotalRevenueNet PP&EDKK 21.87BpropertyPlantAndEquipmentNetResult 6.86x | 0.45xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexDKK 2.38BcapitalExpendituresD&ADKK 5.31BdepreciationAndAmortizationResult 0.45x | -DKK 37.77Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 147.11BtotalAssetsGoodwillDKK 75.77BgoodWillIntangiblesDKK 1.33BintangibleAssetsLiabilitiesDKK 78.14BtotalLiabTangible book-DKK 8.14BShares215,518,000commonStockSharesOutstandingResult -DKK 37.77 | 5.75xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 23.30BebitdaCapexDKK 2.38BcapitalExpendituresInterestDKK 1.50BinterestExpenseShort-term debtDKK 2.14BshortLongTermDebtEBITDA − capexDKK 20.92BPrincipal due is the current portion of debt.Result 5.75x | DKK 14.08BFree cash flow · 2023-12-31Reported free cash flowOperating cash flowDKK 16.46BtotalCashFromOperatingActivitiesCapexDKK 2.38BcapitalExpendituresFree cash flowDKK 14.08BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 14.08B | 14.7%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 16.82BoperatingIncomeTax expenseDKK 4.08BincomeTaxExpensePretax incomeDKK 16.49BincomeBeforeTaxTax rate24.8%EquityDKK 68.70BtotalStockholderEquityDebtDKK 22.14BlongTermDebt + shortLongTermDebtCashDKK 4.53BcashInvested capitalDKK 86.31BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 14.7% | 0.77xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeDKK 16.82BoperatingIncomeNet PP&EDKK 21.87BpropertyPlantAndEquipmentNetResult 0.77x |
| 2024 | 12.9%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 25.49BpropertyPlantAndEquipmentNetInventoryDKK 5.01BinventoryTotal assetsDKK 236.55BtotalAssetsResult 12.9% | 6.52xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueDKK 166.21BtotalRevenueNet PP&EDKK 25.49BpropertyPlantAndEquipmentNetResult 6.52x | 0.36xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexDKK 2.09BcapitalExpendituresD&ADKK 5.77BdepreciationAndAmortizationResult 0.36x | DKK 170.21Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 236.55BtotalAssetsGoodwillDKK 76.65BgoodWillIntangiblesDKK 1.23BintangibleAssetsLiabilitiesDKK 122.04BtotalLiabTangible bookDKK 36.63BShares215,177,000commonStockSharesOutstandingResult DKK 170.21 | 8.26xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 21.24BebitdaCapexDKK 2.09BcapitalExpendituresInterestDKK 2.03BinterestExpenseShort-term debtDKK 292.00MshortLongTermDebtEBITDA − capexDKK 19.15BPrincipal due is the current portion of debt.Result 8.26x | DKK 9.56BFree cash flow · 2024-12-31Reported free cash flowOperating cash flowDKK 11.65BtotalCashFromOperatingActivitiesCapexDKK 2.09BcapitalExpendituresFree cash flowDKK 9.56BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 9.56B | 10.0%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 15.16BoperatingIncomeTax expenseDKK 3.25BincomeTaxExpensePretax incomeDKK 13.42BincomeBeforeTaxTax rate24.2%EquityDKK 114.18BtotalStockholderEquityDebtDKK 82.82BshortLongTermDebtTotalCashDKK 81.79BcashInvested capitalDKK 115.21BResult 10.0% | 0.59xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeDKK 15.16BoperatingIncomeNet PP&EDKK 25.49BpropertyPlantAndEquipmentNetResult 0.59x |
| 2025 | 18.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EDKK 52.19BpropertyPlantAndEquipmentNetInventoryDKK 2.10BinventoryTotal assetsDKK 290.37BtotalAssetsResult 18.7% | 4.70xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueDKK 245.21BtotalRevenueNet PP&EDKK 52.19BpropertyPlantAndEquipmentNetResult 4.70x | 0.24xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexDKK 2.07BcapitalExpendituresD&ADKK 8.68BdepreciationAndAmortizationResult 0.24x | -DKK 140.85Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsDKK 290.37BtotalAssetsGoodwillDKK 147.44BgoodWillIntangiblesDKK 3.51BintangibleAssetsLiabilitiesDKK 172.68BtotalLiabTangible book-DKK 33.26BShares236,159,000commonStockSharesOutstandingResult -DKK 140.85 | 1.63xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDADKK 24.58BebitdaCapexDKK 2.07BcapitalExpendituresInterestDKK 3.76BinterestExpenseShort-term debtDKK 10.06BshortLongTermDebtEBITDA − capexDKK 22.51BPrincipal due is the current portion of debt.Result 1.63x | DKK 19.42BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowDKK 21.48BtotalCashFromOperatingActivitiesCapexDKK 2.07BcapitalExpendituresFree cash flowDKK 19.42BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result DKK 19.42B | 7.1%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeDKK 17.45BoperatingIncomeTax expenseDKK 3.68BincomeTaxExpensePretax incomeDKK 12.15BincomeBeforeTaxTax rate30.3%EquityDKK 117.41BtotalStockholderEquityDebtDKK 67.01BlongTermDebt + shortLongTermDebtCashDKK 13.18BcashInvested capitalDKK 171.24BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 7.1% | 0.33xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeDKK 17.45BoperatingIncomeNet PP&EDKK 52.19BpropertyPlantAndEquipmentNetResult 0.33x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: DKK 52.19B
Inventory: DKK 2.10B
Total assets: DKK 290.37B
Goodwill: DKK 147.44B
Intangibles: DKK 3.51B
Liabilities: DKK 172.68B
Tangible book: -DKK 33.26B
Shares: 236,159,000
Revenue: DKK 245.21B
Capex: DKK 2.07B
D&A: DKK 8.68B
EBITDA: DKK 24.58B
Interest: DKK 3.76B
Short-term debt: DKK 10.06B
Free cash flow: DKK 19.42B
Operating income: DKK 17.45B
Invested capital: DKK 171.24B
Tax rate: 30.3%