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NKT

DB:NKT
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NKT
DB
DKK3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

NKT A/S develops, manufactures, and markets cables, accessories, and solutions worldwide. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • NKT has significant price volatility in the past 3 months.
NKT Share Price and Events
7 Day Returns
2.7%
DB:NKT
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-7.6%
DB:NKT
-8.2%
DE Electrical
-17.5%
DE Market
NKT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NKT (NKT) 2.7% -24.8% -27.8% -7.6% -77.3% -73.7%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • NKT matched the Electrical industry (-8.2%) over the past year.
  • NKT outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
NKT
Industry
5yr Volatility vs Market

Value

 Is NKT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NKT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NKT.

DB:NKT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NKT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 22%) (56.03%))
1.407
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.407 * 5.44%)
7.26%

Discounted Cash Flow Calculation for DB:NKT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NKT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:NKT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.26%)
2020 60.25 Analyst x4 56.17
2021 57.47 Analyst x4 49.95
2022 85.48 Analyst x2 69.27
2023 93.74 Est @ 9.66% 70.81
2024 99.97 Est @ 6.64% 70.41
2025 104.50 Est @ 4.53% 68.61
2026 107.69 Est @ 3.06% 65.92
2027 109.87 Est @ 2.02% 62.70
2028 111.30 Est @ 1.3% 59.22
2029 112.18 Est @ 0.79% 55.64
Present value of next 10 years cash flows €628.00
DB:NKT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €112.18 × (1 + -0.39%) ÷ (7.26% – -0.39%)
€1,460.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,460.12 ÷ (1 + 7.26%)10
€724.25
DB:NKT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €628.00 + €724.25
€1,352.25
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,352.25 / 27.28
€49.57
DB:NKT Discount to Share Price
Calculation Result
Exchange Rate EUR/DKK
(Reporting currency to currency of CPSE:NKT)
7.453
Value per Share
(DKK)
= Value per Share in EUR x Exchange Rate (EUR/DKK)
= €49.57 x 7.453
DKK369.41
Non-primary Listing Adjustment Factor 1 share in DB:NKT represents 0.12757x of CPSE:NKT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12757x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 369.41 x 0.12757
€47.13
Value per share (EUR) From above. €47.13
Current discount Discount to share price of €15.50
= -1 x (€15.50 - €47.13) / €47.13
67.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NKT is available for.
Intrinsic value
>50%
Share price is €15.5 vs Future cash flow value of €47.13
Current Discount Checks
For NKT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NKT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NKT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NKT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NKT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NKT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-3.10
CPSE:NKT Share Price ** CPSE (2020-03-31) in DKK DKK121.5
CPSE:NKT Share Price converted to EUR reporting currency Exchange rate (DKK/ EUR) 0.134 €16.3
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NKT.

DB:NKT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:NKT Share Price ÷ EPS (both in EUR)

= 16.3 ÷ -3.10

-5.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NKT is loss making, we can't compare its value to the DE Electrical industry average.
  • NKT is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does NKT's expected growth come at a high price?
Raw Data
DB:NKT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
98.8%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NKT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NKT's assets?
Raw Data
DB:NKT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €29.49
CPSE:NKT Share Price * CPSE (2020-03-31) in DKK DKK121.5
CPSE:NKT Share Price converted to EUR reporting currency Exchange rate (DKK/ EUR) 0.134 €16.3
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:NKT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:NKT Share Price ÷ Book Value per Share (both in EUR)

= 16.3 ÷ 29.49

0.55x

* Primary Listing of NKT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NKT is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess NKT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. NKT has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NKT expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
98.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NKT expected to grow at an attractive rate?
  • NKT's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • NKT's earnings growth is expected to exceed the Germany market average.
  • NKT's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NKT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NKT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 98.8%
DB:NKT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.1%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NKT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NKT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,898 160 31 3
2021-12-31 1,600 124 1 5
2020-12-31 1,393 121 -44 5
2020-03-31
DB:NKT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,356 125 -84
2019-09-30 1,320 68 -102
2019-06-30 1,377 22 -84
2019-03-31 1,446 35 -63
2018-12-31 1,515 -42 -49
2018-09-30 1,572 -68 -17
2018-06-30 1,598 14 -9
2018-03-31 1,575 -6 -1
2017-12-31 1,493 88 -3
2017-09-30 1,366 111 8
2017-06-30 1,227 113 -21
2017-03-31 1,102 125 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NKT's earnings are expected to grow significantly at over 20% yearly.
  • NKT's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NKT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from NKT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NKT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.12 1.78 0.63 3.00
2021-12-31 0.04 0.66 -0.90 5.00
2020-12-31 -1.63 -0.97 -2.35 4.00
2020-03-31
DB:NKT Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -3.10
2019-09-30 -3.76
2019-06-30 -3.08
2019-03-31 -2.39
2018-12-31 -1.80
2018-09-30 -0.62
2018-06-30 -0.32
2018-03-31 -0.02
2017-12-31 -0.13
2017-09-30 0.24
2017-06-30 -0.75
2017-03-31 -0.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NKT will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess NKT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NKT has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NKT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NKT's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NKT does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare NKT's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare NKT's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
NKT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NKT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NKT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,356.40 -84.10 266.30
2019-09-30 1,320.20 -101.90 274.30
2019-06-30 1,376.70 -83.50 274.70
2019-03-31 1,446.00 -62.70 279.20
2018-12-31 1,515.20 -48.70 277.80
2018-09-30 1,572.00 -16.80 451.70
2018-06-30 1,598.00 -8.80 387.20
2018-03-31 1,574.80 -0.50 312.90
2017-12-31 1,492.60 -3.40 247.40
2017-09-30 1,365.60 7.70 180.80
2017-06-30 1,226.50 -21.30 180.80
2017-03-31 1,101.70 -24.80 180.80
2016-12-31 1,050.60 -17.50 180.80
2016-09-30 350.00 -52.10 187.70
2016-06-30 604.60 -19.00 187.70
2016-03-31 928.30 -53.50 187.70
2015-12-31 1,256.90 -40.70 187.70
2015-09-30 2,244.59 5.53 429.70
2015-06-30 2,249.88 4.27 429.70
2015-03-31 2,190.23 38.45 429.70
2014-12-31 2,148.80 37.90 429.70
2014-09-30 2,170.82 39.27 403.68
2014-06-30 2,184.89 38.27 403.03
2014-03-31 2,183.07 42.09 402.45
2013-12-31 2,137.37 33.82 402.82
2013-09-30 2,113.78 32.87 386.80
2013-06-30 2,079.08 30.59 386.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if NKT has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if NKT has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if NKT improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess NKT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NKT has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NKT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NKT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NKT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NKT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NKT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NKT Company Filings, last reported 3 months ago.

DB:NKT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 803.80 211.60 6.90
2019-09-30 806.30 323.00 5.90
2019-06-30 844.10 311.60 9.00
2019-03-31 868.20 310.90 7.40
2018-12-31 895.60 276.60 28.20
2018-09-30 924.50 317.50 9.20
2018-06-30 767.20 421.30 11.70
2018-03-31 774.90 462.90 30.00
2017-12-31 816.30 340.00 44.70
2017-09-30 993.30 766.90 37.30
2017-06-30 982.20 801.20 30.60
2017-03-31 971.50 648.20 10.60
2016-12-31 951.40 94.60 127.80
2016-09-30 760.20 200.70 22.80
2016-06-30 801.70 228.80 31.10
2016-03-31 803.00 213.10 45.00
2015-12-31 809.50 155.50 58.30
2015-09-30 798.51 214.97 37.66
2015-06-30 802.47 266.78 63.95
2015-03-31 845.60 228.64 56.89
2014-12-31 802.00 213.20 50.10
2014-09-30 795.17 335.18 41.38
2014-06-30 763.30 320.02 39.43
2014-03-31 750.82 338.71 54.51
2013-12-31 760.57 345.66 50.39
2013-09-30 753.11 434.33 47.99
2013-06-30 752.14 453.03 52.42
  • NKT's level of debt (26.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26.6% vs 26.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making NKT has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making NKT has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.5% per year.
X
Financial health checks
We assess NKT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NKT has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NKT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NKT dividends. Estimated to be 0.11% next year.
If you bought €2,000 of NKT shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NKT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NKT's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NKT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NKT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.06 3.00
2021-12-31 0.00 4.00
2020-12-31 0.00 4.00
2020-03-31
DB:NKT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-11-15 0.000 0.000
2017-08-17 0.000 0.000
2017-05-17 0.000 0.000
2017-02-21 0.000 0.000
2016-02-26 0.536 0.991
2015-02-27 0.535 1.056
2014-02-28 0.469 1.040
2013-02-27 1.072 3.210
2012-03-01 0.268 0.967
2011-03-01 0.268 0.833
2010-03-02 0.469 1.215
2010-02-22 0.470 1.154
2009-11-24 0.000 0.000
2009-08-25 0.000 0.000
2009-05-12 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NKT has not reported any payouts.
  • Unable to verify if NKT's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NKT's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NKT has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of NKT's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess NKT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NKT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NKT has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NKT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alexander Kara
AGE 58
TENURE AS CEO 0.6 years
CEO Bio

Mr. Alexander Kara is Chief Executive Officer and President at NKT A/S since August 1, 2019. He is an internationally experienced executive in the power distribution industry, with in-depth market knowledge and technology insight. He joined NKT from ABB and a position as Senior Vice President, HUB Business Unit Manager CSE, High Voltage Products with responsibility for all ABB high-voltage product plants and markets in Central and Southern Europe. Prior to that and since 1987, he has held several key positions at ABB, some with global functional responsibilities. From 2012 to 2014, Alexander Kara was Head of ABB’s global power cables business in Karlskrona, Sweden, now owned by NKT.

CEO Compensation
  • Insufficient data for Alexander to compare compensation growth.
  • Insufficient data for Alexander to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the NKT management team in years:

2.2
Average Tenure
51.5
Average Age
  • The tenure for the NKT management team is about average.
Management Team

Roland Andersen

TITLE
Chief Financial officer
COMPENSATION
€1M
AGE
51
TENURE
2.2 yrs

Alexander Kara

TITLE
President & CEO
AGE
58
TENURE
0.6 yrs

Dietmar Müller

TITLE
Executive VP & COO
AGE
55

Anders Jensen

TITLE
Executive VP & CTO
AGE
55
TENURE
2.2 yrs

Michael Nielsen

TITLE
Head of Investor Relations

Janus Hillerup

TITLE
Senior VP of Corporate Affairs & General Counsel
AGE
41

Helle Gudiksen

TITLE
Head of Group Communications

Lika Thiesen

TITLE
Executive VP & Chief Human Resources Officer
AGE
44
TENURE
4.4 yrs

Michael Hjorth

TITLE
Executive VP & Chief Commercial Officer of HV Solutions
AGE
52

Oliver Schlodder

TITLE
Executive VP
AGE
39
Board of Directors Tenure

Average tenure and age of the NKT board of directors in years:

3.8
Average Tenure
56
Average Age
  • The tenure for the NKT board of directors is about average.
Board of Directors

Jens Peter Olsen

TITLE
Chairman of the Board
COMPENSATION
€120K
AGE
56
TENURE
7.2 yrs

René Svendsen-Tune

TITLE
Deputy Chairman
COMPENSATION
€80K
AGE
64
TENURE
3.8 yrs

Lars Sørensen

TITLE
Director
COMPENSATION
€53K
AGE
56
TENURE
7.2 yrs

Jutta af Rosenborg

TITLE
Non-Executive Director
COMPENSATION
€80K
AGE
61
TENURE
5 yrs

Jens Maaløe

TITLE
Director
COMPENSATION
€80K
AGE
64
TENURE
16.2 yrs

Andreas Nauen

TITLE
Director
COMPENSATION
€40K
AGE
55
TENURE
2.4 yrs

Stig Knudsen

TITLE
Employee Representative Director
COMPENSATION
€30K
AGE
50
TENURE
2.2 yrs

Jack Ejlertsen

TITLE
Director
COMPENSATION
€30K
AGE
32
TENURE
2.2 yrs

Thomas Torp Hansen

TITLE
Employee Representative Director
AGE
34
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess NKT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NKT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

NKT A/S develops, manufactures, and markets cables, accessories, and solutions worldwide. It operates through four segments: Solutions, Applications, Service & Accessories, and NKT Photonics. It offers low voltage building wires, including data/communication, control, armoured/screened installation, halogen-free flexible and installation, and polyvinylchlorid (PVC) flexible and installation cables, as well as lamp cords; and low voltage harmonized cables and wires, such as halogen free and PVC multi-core, and PVC single core cables and wires. It also provides low voltage 1 kV cables comprising building/indoor, under ground power, overhead distribution, and armoured/screened cables, as well as grounding wires; medium voltage cables; and high and extra high voltage onshore and offshore cables, such as direct current, single and three core, city, and emergency cables. In addition, it offers medium, high, and extra high voltage cable accessories, including ATS to facilitate a single core breakout, HU for bird protection on the high-voltage bushings, AK-ADAS for extension of Al cable, universal and overhead line clamps, pre-assembled connection cables, surge arresters, connectors, terminations, joints, switchgear/transformer terminations, and oil cable accessories. Further, it provides power cable monitoring solutions; telecom energy cables, such as single, dual, and multiple conductor cables; special cables; and optical fiber and laser technology. Additionally, it offers cable, installation, and recycling services; turnkey and Q-solutions; and Go Green Score, an approach that allows customers to objectively assess and compare the sustainability of high voltage cable projects. It serves construction, industrial, mining, power distribution and transmission, renewable energy, telecom, railway, and trading sectors. NKT A/S was formerly known as NKT Holding A/S and changed its name to NKT A/S in May 2017. NKT A/S was founded in 1891 and is headquartered in Brøndby, Denmark.

Details
Name: NKT A/S
NKT
Exchange: DB
Founded: 1891
DKK444,762,208
27,280,921
Website: http://www.nkt.com
Address: NKT A/S
Vibeholms Allé 20,
Brøndby,
Capital Region of Denmark, 2605,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE NKT Ordinary Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
DB NKT Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MGC Ordinary Shares London Stock Exchange GB DKK 02. Jan 1992
BATS-CHIXE NKTC Ordinary Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,706
NKT employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:50
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.