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F.E. Bording

CPSE:BORD B
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BORD B
CPSE
DKK110M
Market Cap
  1. Home
  2. DK
  3. Commercial Services
Company description

F.E. Bording A/S engages in the agency, software, and output management businesses. The last earnings update was 9 days ago. More info.


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  • F.E. Bording has significant price volatility in the past 3 months.
BORD B Share Price and Events
7 Day Returns
4.9%
CPSE:BORD B
-1.7%
Europe Commercial Services
5.6%
DK Market
1 Year Returns
-46%
CPSE:BORD B
-32.5%
Europe Commercial Services
4.1%
DK Market
BORD B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
F.E. Bording (BORD B) 4.9% -15% -17.1% -46% -57.8% -62.6%
Europe Commercial Services -1.7% -30.4% -36.9% -32.5% -38.7% -34.9%
DK Market 5.6% -9.6% -6.2% 4.1% 24.2% 10.7%
1 Year Return vs Industry and Market
  • BORD B underperformed the Commercial Services industry which returned -32.5% over the past year.
  • BORD B underperformed the Market in Denmark which returned 4.1% over the past year.
Price Volatility
BORD B
Industry
5yr Volatility vs Market
Related Companies

BORD B Value

 Is F.E. Bording 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 F.E. Bording 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 F.E. Bording.

CPSE:BORD B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DK Government Bond Rate -0.3%

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 CPSE:BORD B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DK Govt Bond Rate -0.3%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 22%) (128.08%))
1.122
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.34% + (1.122 * 5.44%)
5.76%

Discounted Cash Flow Calculation for CPSE:BORD B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for F.E. Bording 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.

CPSE:BORD B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (DKK, Millions) Source Present Value
Discounted (@ 5.76%)
2020 21.71 Est @ 20.43% 20.53
2021 24.79 Est @ 14.2% 22.16
2022 27.23 Est @ 9.84% 23.02
2023 29.08 Est @ 6.78% 23.24
2024 30.43 Est @ 4.65% 22.99
2025 31.39 Est @ 3.15% 22.42
2026 32.05 Est @ 2.1% 21.65
2027 32.49 Est @ 1.37% 20.75
2028 32.77 Est @ 0.86% 19.79
2029 32.93 Est @ 0.5% 18.80
Present value of next 10 years cash flows DKK215.00
CPSE:BORD B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= DKK32.93 × (1 + -0.34%) ÷ (5.76% – -0.34%)
DKK537.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= DKK537.56 ÷ (1 + 5.76%)10
DKK306.91
CPSE:BORD B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= DKK215.00 + DKK306.91
DKK521.91
Equity Value per Share
(DKK)
= Total value / Shares Outstanding
= DKK521.91 / 0.32
DKK1618.03
CPSE:BORD B Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK1,618.03
Current discount Discount to share price of DKK340.00
= -1 x (DKK340.00 - DKK1,618.03) / DKK1,618.03
79%

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

Current Discount
Amount off the current price F.E. Bording is available for.
Intrinsic value
>50%
Share price is DKK340 vs Future cash flow value of DKK1618.03
Current Discount Checks
For F.E. Bording to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • F.E. Bording's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • F.E. Bording'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 F.E. Bording's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are F.E. Bording's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:BORD B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in DKK DKK-83.50
CPSE:BORD B Share Price ** CPSE (2020-04-03) in DKK DKK340
Europe Commercial Services Industry PE Ratio Median Figure of 100 Publicly-Listed Commercial Services Companies 12.48x
Denmark Market PE Ratio Median Figure of 97 Publicly-Listed Companies 12.81x

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

** Primary Listing of F.E. Bording.

CPSE:BORD B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:BORD B Share Price ÷ EPS (both in DKK)

= 340 ÷ -83.50

-4.07x

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

  • F.E. Bording is loss making, we can't compare its value to the Europe Commercial Services industry average.
  • F.E. Bording is loss making, we can't compare the value of its earnings to the Denmark market.
Price based on expected Growth
Does F.E. Bording's expected growth come at a high price?
Raw Data
CPSE:BORD B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 48 Publicly-Listed Commercial Services Companies 1.09x
Denmark Market PEG Ratio Median Figure of 46 Publicly-Listed Companies 1.56x

*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 F.E. Bording, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on F.E. Bording's assets?
Raw Data
CPSE:BORD B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in DKK DKK404.19
CPSE:BORD B Share Price * CPSE (2020-04-03) in DKK DKK340
Europe Commercial Services Industry PB Ratio Median Figure of 141 Publicly-Listed Commercial Services Companies 1.3x
Denmark Market PB Ratio Median Figure of 132 Publicly-Listed Companies 1.15x
CPSE:BORD B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:BORD B Share Price ÷ Book Value per Share (both in DKK)

= 340 ÷ 404.19

0.84x

* Primary Listing of F.E. Bording.

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

  • F.E. Bording is good value based on assets compared to the Europe Commercial Services industry average.
X
Value checks
We assess F.E. Bording'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. F.E. Bording 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.

BORD B Future Performance

 How is F.E. Bording expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as F.E. Bording has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13.6%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is F.E. Bording expected to grow at an attractive rate?
  • Unable to compare F.E. Bording's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare F.E. Bording's earnings growth to the Denmark market average as no estimate data is available.
  • Unable to compare F.E. Bording's revenue growth to the Denmark market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CPSE:BORD B Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6%

*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
CPSE:BORD B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:BORD B Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-12-31 577 37 -27
2019-09-30 609 1 -35
2019-06-30 627 30 4
2019-03-31 638 36 9
2018-12-31 650 35 12
2018-09-30 643 55 8
2018-06-30 637 36 7
2018-03-31 638 28 4
2017-12-31 646 26 2
2017-09-30 640 36 3
2017-06-30 640 35 6
2017-03-31 641 21 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if F.E. Bording is high growth as no earnings estimate data is available.
  • Unable to determine if F.E. Bording is high growth as no revenue estimate data is available.
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
CPSE:BORD B 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 0 Analyst Estimates (S&P Global) See Below

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

CPSE:BORD B Past Financials Data
Date (Data in DKK Millions) EPS *
2019-12-31 -83.50
2019-09-30 -109.27
2019-06-30 11.69
2019-03-31 28.48
2018-12-31 36.74
2018-09-30 23.30
2018-06-30 22.41
2018-03-31 11.82
2017-12-31 6.91
2017-09-30 8.62
2017-06-30 18.99
2017-03-31 41.92

*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 F.E. Bording will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether F.E. Bording is trading at F.E. Bording'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. F.E. Bording's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. F.E. Bording's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess F.E. Bording'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
F.E. Bording has a total score of 0/6, 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.

BORD B Past Performance

  How has F.E. Bording 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 F.E. Bording's growth in the last year to its industry (Commercial Services).
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.
  • F.E. Bording does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare F.E. Bording's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare F.E. Bording's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
F.E. Bording'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 F.E. Bording Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:BORD B Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 577.39 -26.91 269.80
2019-09-30 608.95 -35.11 278.52
2019-06-30 626.52 3.78 285.87
2019-03-31 638.23 9.25 293.65
2018-12-31 649.81 12.02 300.38
2018-09-30 642.52 7.65 295.89
2018-06-30 637.41 7.38 290.73
2018-03-31 638.11 3.90 287.50
2017-12-31 645.96 2.28 285.76
2017-09-30 640.40 2.86 280.49
2017-06-30 639.80 6.26 276.68
2017-03-31 640.76 13.82 270.49
2016-12-31 627.52 16.06 261.22
2016-09-30 615.58 23.04 259.11
2016-06-30 609.01 22.80 258.31
2016-03-31 608.04 25.35 259.59
2015-12-31 610.80 24.76 262.30
2015-09-30 636.81 25.54 266.92
2015-06-30 650.29 26.81 270.85
2015-03-31 643.26 23.40 267.60
2014-12-31 621.15 23.63 256.90
2014-09-30 586.14 20.55 214.40
2014-06-30 550.49 18.72 176.29
2014-03-31 539.12 19.89 141.43
2013-12-31 531.96 17.96 111.86
2013-09-30 524.43 19.02 105.61
2013-06-30 518.94 15.03 109.24

*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 F.E. Bording has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if F.E. Bording has efficiently used its assets last year compared to the Europe Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if F.E. Bording 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 F.E. Bording'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 Commercial Services 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.
F.E. Bording 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.

BORD B Health

 How is F.E. Bording'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 F.E. Bording's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • F.E. Bording's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • F.E. Bording's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of F.E. Bording'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 1.8x 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 F.E. Bording Company Filings, last reported 3 months ago.

CPSE:BORD B Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 131.51 88.28 4.15
2019-09-30 124.10 135.18 24.49
2019-06-30 159.91 103.51 23.85
2019-03-31 186.62 97.62 28.44
2018-12-31 187.81 91.68 19.86
2018-09-30 186.28 76.07 17.00
2018-06-30 185.87 159.33 17.17
2018-03-31 197.60 143.39 21.79
2017-12-31 190.82 136.14 22.53
2017-09-30 191.09 142.77 17.21
2017-06-30 185.52 142.30 24.11
2017-03-31 199.85 120.68 20.96
2016-12-31 196.44 109.27 17.47
2016-09-30 195.72 129.59 9.93
2016-06-30 188.34 125.06 9.90
2016-03-31 196.03 91.57 16.83
2015-12-31 190.64 102.56 12.89
2015-09-30 181.07 131.98 12.53
2015-06-30 175.27 140.70 22.44
2015-03-31 174.69 125.09 18.70
2014-12-31 168.35 124.07 10.72
2014-09-30 160.79 155.22 5.76
2014-06-30 139.13 137.67 4.94
2014-03-31 143.67 106.42 12.29
2013-12-31 138.86 108.52 11.25
2013-09-30 128.55 119.84 4.03
2013-06-30 120.91 119.10 5.83
  • F.E. Bording's level of debt (67.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (73.6% vs 67.1% today).
  • Debt is well covered by operating cash flow (42.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on F.E. Bording's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess F.E. Bording'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. F.E. Bording has a total score of 3/6, 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.

BORD B Dividends

 What is F.E. Bording'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 F.E. Bording dividends.
If you bought DKK2,000 of F.E. Bording shares you are expected to receive DKK0 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 F.E. Bording's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate F.E. Bording'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
CPSE:BORD B 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 0 Analyst Estimates (S&P Global) See Below
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 4.2%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 60 Stocks 2%
Denmark Minimum Threshold Dividend Yield 10th Percentile 1%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

CPSE:BORD B Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2020-03-26 0.000 0.000
2019-03-25 24.000 4.706
2018-03-26 12.000 1.896
2017-03-22 24.000 3.193
2016-03-18 24.000 2.993
2015-03-23 12.000 1.444
2014-03-24 12.000 1.309
2013-04-29 12.000 1.780
2013-03-22 12.000 1.890
2012-03-26 12.000 2.126
2012-01-17 12.000 2.842
2011-11-28 0.000 0.000
2011-08-29 0.000 0.000
2011-05-30 0.000 0.000
2011-03-25 0.000 0.000
2011-03-02 0.000 0.000
2010-03-15 12.000 2.323
2010-03-11 12.000 2.472

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

  • Unable to perform a dividend volatility check as F.E. Bording has not reported any payouts.
  • Unable to verify if F.E. Bording's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of F.E. Bording's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as F.E. Bording has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess F.E. Bording's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 F.E. Bording afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. F.E. Bording 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.

BORD B Management

 What is the CEO of F.E. Bording'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
Hans Therp
COMPENSATION DKK0
AGE 70
CEO Bio

Mr. Hans Therp serves as the Chief Executive Officer and Director of F.E Bording A/S and served as its President and Managing Director. Mr. Therp serves as the Chairman of 2Trace A/S, ProGraca A/S and Viden Holding A/S. He serves as a Deputy chairman at Klimax A/S. He serves as Member of the Board in Selskabet af 1.august 1931 A/S, Jysk Formular Print A/S and Eforma GmbH, Zürich. He served as a Director of F.E Bording A/S. He is Civil Engineer and holds PhD.

CEO Compensation
  • Hans's compensation has increased whilst company is loss making.
  • Hans's remuneration is lower than average for companies of similar size in Denmark.
Management Team

Hans Therp

TITLE
CEO & Director
AGE
70

Bernt Therp

TITLE
Chief Digital Officer
AGE
36

Anders Schack

TITLE
Group Chief Financial Officer

Thomas Ladefoged

TITLE
Chief Compliance Officer

Ernst Nielsen

TITLE
Chief Executive Officer of Bording Data A/S
AGE
70

Kenneth Fritzon

TITLE
CEO of Bording AB & Bording AS and Chairman of the Board of Directors of A-Mail Kuverter A/S
Board of Directors Tenure

Average tenure and age of the F.E. Bording board of directors in years:

6.3
Average Tenure
51.5
Average Age
  • The tenure for the F.E. Bording board of directors is about average.
Board of Directors

Raimo Issal

TITLE
Chairman
AGE
66

Hans Therp

TITLE
CEO & Director
AGE
70
TENURE
36.3 yrs

Peter Norman

TITLE
Deputy Chairman
AGE
52
TENURE
6.3 yrs

Kenneth Fritzon

TITLE
CEO of Bording AB & Bording AS and Chairman of the Board of Directors of A-Mail Kuverter A/S

Ane Jeannett Sørensen

TITLE
Employee Representative Director
AGE
50
TENURE
9.3 yrs

Kurt Jensen

TITLE
Employee Representative Director
AGE
63
TENURE
6.3 yrs

Henrik Pedersen

TITLE
Director
AGE
43
TENURE
4.9 yrs

Lasse Dahl

TITLE
Independent Director
AGE
44
TENURE
3.3 yrs

Torsten Rasmussen

TITLE
Independent Director
AGE
51
TENURE
3.3 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 (DKK) Value (DKK)
X
Management checks
We assess F.E. Bording'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. F.E. Bording 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.

BORD B News

Simply Wall St News

A Closer Look At F.E. Bording A/S's (CPH:BORD B) Uninspiring ROE

One way to conceptualize this, is that for each DKK1 of shareholders' equity it has, the company made DKK0.031 in profit. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for F.E. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Don't Sell F.E. Bording A/S (CPH:BORD B) Before You Read This

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for F.E. … A higher P/E ratio means that investors are paying a higher price for each DKK1 of company earnings. … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' Does F.E.

Simply Wall St -

Why F.E. Bording A/S’s (CPH:BORD B) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for F.E.

Simply Wall St -

The F.E. Bording (CPH:BORD B) Share Price Is Down 40% So Some Shareholders Are Getting Worried

Bording A/S (CPH:BORD B), since the last five years saw the share price fall 40%. … During the five years over which the share price declined, F.E. … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

F.E. Bording (CPH:BORD B) Seems To Use Debt Quite Sensibly

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. … The first step when considering a company's debt levels is to consider its cash and debt together. … Bording's ability to to convert EBIT to free cash flow and its EBIT growth rate gave us comfort that it can handle its debt.

Simply Wall St -

What Kind Of Shareholder Appears On The F.E. Bording A/S's (CPH:BORD B) Shareholder Register?

Companies that used to be publicly owned tend to have lower insider ownership. … Private Company Ownership It seems that Private Companies own 61%, of the BORD B stock. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

F.E. Bording A/S (CPH:BORD B): Time For A Financial Health Check

BORD B’s Debt (And Cash Flows) Over the past year, BORD B has reduced its debt from ø144m to ø108m , which also accounts for long term debt. … Moreover, BORD B has produced cash from operations of ø35m during the same period of time, leading to an operating cash to total debt ratio of 32%, indicating that BORD B’s operating cash is sufficient to cover its debt. … Next Steps: Although BORD B’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised.

Simply Wall St -

Are F.E. Bording A/S’s (CPH:BORD B) Returns Worth Your While?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Can F.E. Bording A/S (CPH:BORD B) Improve Its Returns?

Bording has a return on equity of 7.2% for the last year. … One way to conceptualize this, is that for each DKK1 of shareholders' equity it has, the company made DKK0.072 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before Buying F.E. Bording A/S (CPH:BORD B) For Its Dividend

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Bording A/S (CPH:BORD B) has paid a dividend to shareholders. … 5 checks you should do on a dividend stock

Simply Wall St -

BORD B Company Info

Description

F.E. Bording A/S engages in the agency, software, and output management businesses. The company develops intelligent customer dialogues for customer relations, and digital sales-tools and concepts to help clients for the sales processes; creates customer experiences; and delivers software solutions. It also offers marketing materials and communication solutions; and digital print house for data driven individualized communication solutions. The company was founded in 1792 and is based in Glostrup, Denmark.

Details
Name: F.E. Bording A/S
BORD B
Exchange: CPSE
Founded: 1792
DKK109,669,040
322,556
Website: http://bordinggroup.com
Address: F.E. Bording A/S
Ejby Industrivej 91A,
Glostrup,
Capital Region of Denmark, 2600,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE BORD B Class B Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
LSE 0OIX Class B Shares London Stock Exchange GB DKK 02. Jan 1992
BATS-CHIXE BORDBC Class B Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
F.E. Bording employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 20:37
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/26
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.