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GN Store Nord

BATS-CHIXE:GNC
Snowflake Description

Solid track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GNC
BATS-CHIXE
DKK41B
Market Cap
  1. Home
  2. GB
  3. Healthcare
Company description

GN Store Nord A/S develops, manufactures, and markets medical, professional, and consumer audio solutions in Denmark, rest of Europe, North America, and internationally. The last earnings update was 62 days ago. More info.


Add to Portfolio Compare Print
  • GN Store Nord has significant price volatility in the past 3 months.
GNC Share Price and Events
7 Day Returns
4.9%
BATS-CHIXE:GNC
-1.2%
GB Medical Equipment
0.1%
GB Market
1 Year Returns
2%
BATS-CHIXE:GNC
-0.3%
GB Medical Equipment
-23.6%
GB Market
GNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GN Store Nord (GNC) 4.9% -13.8% 2.7% 2% 97.7% 119%
GB Medical Equipment -1.2% -12% -19.1% -0.3% -2.3% 20.9%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • GNC outperformed the Medical Equipment industry which returned -0.3% over the past year.
  • GNC outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
GNC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is GN Store Nord 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 GN Store Nord 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 GN Store Nord.

BATS-CHIXE:GNC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:GNC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Medical Equipment Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 22%) (17.06%))
0.943
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.943 * 5.44%)
5.66%

Discounted Cash Flow Calculation for BATS-CHIXE:GNC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GN Store Nord 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.

BATS-CHIXE:GNC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (DKK, Millions) Source Present Value
Discounted (@ 5.66%)
2020 1,389.00 Analyst x11 1,314.59
2021 1,694.50 Analyst x10 1,517.80
2022 2,092.14 Analyst x7 1,773.58
2023 2,332.00 Analyst x2 1,871.00
2024 2,190.00 Analyst x1 1,662.94
2025 2,105.10 Est @ -3.88% 1,512.83
2026 2,051.31 Est @ -2.55% 1,395.20
2027 2,017.89 Est @ -1.63% 1,298.94
2028 1,998.08 Est @ -0.98% 1,217.28
2029 1,987.53 Est @ -0.53% 1,145.98
Present value of next 10 years cash flows DKK14,710.00
BATS-CHIXE:GNC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= DKK1,987.53 × (1 + 0.53%) ÷ (5.66% – 0.53%)
DKK38,943.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= DKK38,943.27 ÷ (1 + 5.66%)10
DKK22,454.19
BATS-CHIXE:GNC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= DKK14,710.00 + DKK22,454.19
DKK37,164.19
Equity Value per Share
(DKK)
= Total value / Shares Outstanding
= DKK37,164.19 / 128.75
DKK288.65
BATS-CHIXE:GNC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:GNC represents 0.99875x of CPSE:GN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99875x
Value per Share
(Listing Adjusted, DKK)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 288.65 x 0.99875
DKK288.29
Value per share (DKK) From above. DKK288.29
Current discount Discount to share price of DKK319.10
= -1 x (DKK319.10 - DKK288.29) / DKK288.29
-10.7%

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

  • The current share price of GN Store Nord is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 GN Store Nord's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GN Store Nord's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:GNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in DKK DKK11.12
CPSE:GN Share Price ** CPSE (2020-04-07) in DKK DKK319.5
United Kingdom of Great Britain and Northern Ireland Medical Equipment Industry PE Ratio Median Figure of 11 Publicly-Listed Medical Equipment Companies 25.55x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of GN Store Nord.

BATS-CHIXE:GNC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 319.5 ÷ 11.12

28.73x

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

  • GN Store Nord is overvalued based on earnings compared to the GB Medical Equipment industry average.
  • GN Store Nord is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does GN Store Nord's expected growth come at a high price?
Raw Data
BATS-CHIXE:GNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
13.4%per year
United Kingdom of Great Britain and Northern Ireland Medical Equipment Industry PEG Ratio Median Figure of 8 Publicly-Listed Medical Equipment Companies 2x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:GNC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.73x ÷ 13.4%

2.14x

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

  • GN Store Nord is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on GN Store Nord's assets?
Raw Data
BATS-CHIXE:GNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in DKK DKK37.60
CPSE:GN Share Price * CPSE (2020-04-07) in DKK DKK319.5
United Kingdom of Great Britain and Northern Ireland Medical Equipment Industry PB Ratio Median Figure of 20 Publicly-Listed Medical Equipment Companies 2.83x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:GNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 319.5 ÷ 37.60

8.5x

* Primary Listing of GN Store Nord.

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

  • GN Store Nord is overvalued based on assets compared to the GB Medical Equipment industry average.
X
Value checks
We assess GN Store Nord'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 Medical Equipment 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 Medical Equipment industry average (and greater than 0)? (1 check)
  5. GN Store Nord has a total score of 0/6, 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 GN Store Nord expected to perform in the next 1 to 3 years based on estimates from 17 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
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GN Store Nord expected to grow at an attractive rate?
  • GN Store Nord's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • GN Store Nord's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • GN Store Nord's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:GNC Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:GNC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 13.4%
BATS-CHIXE:GNC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 8.8%
United Kingdom of Great Britain and Northern Ireland Medical Equipment Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
United Kingdom of Great Britain and Northern Ireland Medical Equipment Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:GNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:GNC Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 19,019 4
2023-12-31 18,005 3,625 2,277 7
2022-12-31 16,464 3,131 2,110 12
2021-12-31 15,053 2,741 1,888 17
2020-12-31 12,275 2,146 1,344 4
2020-04-07
BATS-CHIXE:GNC Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-12-31 12,574 2,207 1,454
2019-09-30 12,077 2,099 1,341
2019-06-30 11,638 1,913 1,303
2019-03-31 11,151 1,875 1,286
2018-12-31 10,607 2,072 1,241
2018-09-30 10,097 2,088 1,170
2018-06-30 9,819 2,091 1,152
2018-03-31 9,648 1,989 1,136
2017-12-31 9,585 1,885 1,122
2017-09-30 9,415 1,914 1,183
2017-06-30 9,250 1,924 1,122
2017-03-31 8,946 1,959 1,082

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GN Store Nord's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
  • GN Store Nord's revenue is expected to grow by 8.8% 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
BATS-CHIXE:GNC 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 17 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:GNC Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 19.22 20.28 17.87 4.00
2022-12-31 16.92 17.75 16.01 8.00
2021-12-31 14.79 16.66 13.16 14.00
2020-12-31 10.31 13.99 2.04 15.00
2020-04-07
BATS-CHIXE:GNC Past Financials Data
Date (Data in DKK Millions) EPS *
2019-12-31 11.12
2019-09-30 10.19
2019-06-30 9.84
2019-03-31 9.65
2018-12-31 9.25
2018-09-30 8.66
2018-06-30 8.45
2018-03-31 8.26
2017-12-31 8.07
2017-09-30 8.40
2017-06-30 7.83
2017-03-31 7.43

*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.
  • GN Store Nord is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess GN Store Nord'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
GN Store Nord has a total score of 3/6, 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 GN Store Nord 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 GN Store Nord's growth in the last year to its industry (Medical Equipment).
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.
  • GN Store Nord's year on year earnings growth rate has been positive over the past 5 years.
  • GN Store Nord's 1-year earnings growth exceeds its 5-year average (17.2% vs 13.2%)
  • GN Store Nord's earnings growth has exceeded the GB Medical Equipment industry average in the past year (17.2% vs -9.5%).
Earnings and Revenue History
GN Store Nord'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 GN Store Nord Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:GNC 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 12,574.00 1,454.00 4,244.00 977.00
2019-09-30 12,077.00 1,341.00 4,153.00 979.00
2019-06-30 11,638.00 1,303.00 4,009.00 960.00
2019-03-31 11,151.00 1,286.00 3,884.00 921.00
2018-12-31 10,607.00 1,241.00 3,756.00 851.00
2018-09-30 10,097.00 1,170.00 3,652.00 768.00
2018-06-30 9,819.00 1,152.00 3,586.00 724.00
2018-03-31 9,648.00 1,136.00 3,567.00 705.00
2017-12-31 9,585.00 1,122.00 3,548.00 709.00
2017-09-30 9,415.00 1,183.00 3,487.00 684.00
2017-06-30 9,250.00 1,122.00 3,468.00 678.00
2017-03-31 8,946.00 1,082.00 3,301.00 681.00
2016-12-31 8,651.00 1,086.00 3,143.00 675.00
2016-09-30 8,416.00 972.00 3,032.00 690.00
2016-06-30 8,174.00 944.00 2,842.00 688.00
2016-03-31 7,808.00 765.00 2,739.00 661.00
2015-12-31 7,755.00 747.00 2,723.00 650.00
2015-09-30 7,603.00 742.00 2,636.00 649.00
2015-06-30 7,463.00 666.00 2,735.00 624.00
2015-03-31 7,546.00 807.00 2,737.00 624.00
2014-12-31 7,340.00 793.00 2,661.00 612.00
2014-09-30 7,080.00 718.00 2,584.00 589.00
2014-06-30 6,954.00 791.00 2,415.00 581.00
2014-03-31 6,843.00 775.00 2,364.00 558.00
2013-12-31 6,791.00 735.00 2,337.00 545.00
2013-09-30 6,695.00 589.00 2,418.00 546.00
2013-06-30 6,580.00 462.00 2,432.00 545.00

*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.
  • Whilst GN Store Nord has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • GN Store Nord used its assets more efficiently than the GB Medical Equipment industry average last year based on Return on Assets.
  • GN Store Nord has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GN Store Nord'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 Medical Equipment 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.
GN Store Nord has a total score of 5/6, 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 GN Store Nord'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 GN Store Nord's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GN Store Nord is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GN Store Nord's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GN Store Nord'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x 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 GN Store Nord Company Filings, last reported 3 months ago.

BATS-CHIXE:GNC Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,849.00 6,546.00 1,728.00
2019-09-30 4,700.00 5,232.00 475.00
2019-06-30 4,466.00 5,155.00 268.00
2019-03-31 4,869.00 4,939.00 273.00
2018-12-31 5,096.00 3,892.00 636.00
2018-09-30 4,761.00 3,960.00 639.00
2018-06-30 4,695.00 3,787.00 395.00
2018-03-31 4,337.00 3,846.00 417.00
2017-12-31 4,783.00 3,586.00 526.00
2017-09-30 4,731.00 3,357.00 304.00
2017-06-30 4,875.00 3,367.00 218.00
2017-03-31 5,063.00 3,518.00 175.00
2016-12-31 5,620.00 3,582.00 178.00
2016-09-30 5,444.00 3,190.00 163.00
2016-06-30 5,383.00 2,766.00 151.00
2016-03-31 5,284.00 2,872.00 134.00
2015-12-31 5,764.00 2,344.00 132.00
2015-09-30 5,564.00 2,403.00 147.00
2015-06-30 5,627.00 2,374.00 173.00
2015-03-31 5,901.00 2,472.00 153.00
2014-12-31 5,667.00 1,745.00 114.00
2014-09-30 5,371.00 1,759.00 131.00
2014-06-30 5,168.00 1,679.00 135.00
2014-03-31 5,110.00 1,718.00 104.00
2013-12-31 5,330.00 1,276.00 196.00
2013-09-30 5,252.00 1,112.00 100.00
2013-06-30 5,299.00 994.00 136.00
  • GN Store Nord's level of debt (135%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.9% vs 135% today).
  • Debt is well covered by operating cash flow (33.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 33.7x coverage).
X
Financial health checks
We assess GN Store Nord'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. GN Store Nord 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.

Dividends

 What is GN Store Nord'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
0.45%
Current annual income from GN Store Nord dividends. Estimated to be 0.59% next year.
If you bought DKK2,000 of GN Store Nord shares you are expected to receive DKK9 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?
  • GN Store Nord's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • GN Store Nord's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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
BATS-CHIXE:GNC 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 17 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Medical Equipment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:GNC Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 2.57 3.00
2022-12-31 2.12 10.00
2021-12-31 2.03 16.00
2020-12-31 1.38 12.00
2020-04-07
BATS-CHIXE:GNC Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2020-02-05 1.450 0.444
2019-02-27 1.350 0.438
2018-02-07 1.250 0.478
2017-02-09 1.150 0.600
2016-02-12 0.990 0.723
2015-02-18 0.900 0.675
2014-02-14 0.840 0.613
2013-02-21 0.490 0.419
2012-02-23 0.270 0.358
2011-03-25 0.190 0.419

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

  • GN Store Nord is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • GN Store Nord is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of GN Store Nord's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of GN Store Nord's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of GN Store Nord's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess GN Store Nord's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 GN Store Nord afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GN Store Nord 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 GN Store Nord'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
René Svendsen-Tune
COMPENSATION DKK17,200,000
AGE 64
CEO Bio

Mr. René Svendsen-Tune serves as Chief Executive Officer at GN Store Nord A/S. Mr. Svendsen-Tune has been the Chief Executive Officer and President of GN Audio A/S since April 01, 2015 and serves as its Chief Executive Officer of Jabra brand. He has been Chief Executive Officer at GN Netcom A/S since April 01, 2015. He joined GN Netcom from Nokia Networks. He served as an Executive Vice President of Europe & Latin America Market and Member of Executive Board at Nokia Solutions and Networks Oy. Mr. Svendsen-Tune served as the Head of Customer Operations for Europe and Latin America Region at Nokia Solutions and Networks Oy since December 1, 2012. He served as the President of Europe & Latin America, Executive Vice President and Member of Executive Board at Nokia Solutions and Nokia Networks Oy from 2012 to March 2015. He served as the Chief Executive Officer and President of Teleca AB from June 1, 2006 to 2012. He has more than 20 years of management experience in the technology sector and in-depth knowledge in GN Netcom’s key business areas including information technologies and telecommunications. He has an extensive international leadership experience from a career in IT and telecommunications industry. From 1999 to 2006, he served as Senior Vice President of Global Sales at Nokia Networks. He served as the President of Europe & Latin America, Executive Vice President and Member of Executive Board at Nokia Networks. From 1993 to 1998, he held various management positions, Nokia Networks. He was part of the top management of Nokia Networks, Nokia's telecom networks division, where he served as Senior Vice President of Customer & Market Operations. He was globally responsible for Nokia Networks' customer organization, including marketing, sales and services. In 1993, he joined Nokia and held various management positions in the Nokia Networks regional organization until 1998, when he became a Global Head of Sales at the Helsinki, Finland headquarters. From 1984 to 1992, he held various professional positions in the Danish IT industry, holding various management positions in the companies DDE and later EAC Data. He was employed at Symphony Technology Group until April 2012. He has been Deputy Chairman and Director at NKT A/S since April 5, 2016. He has been a Director at Nilfisk A/S since 2017. He served as a Director of GN Store Nord A/S from March 2007 to April 01, 2015. He served as a Director of Excitor A/S and an Advisory Board member of NorthCap Partners. Mr. Svendsen-Tune served as a Director of Navision a/s. He served as a Director for IBS AB (now known as Iptor Supply Chain Systems AB) since June 22, 2011. Mr. Svendsen-Tune is a graduate Electrical Engineer from the Technical University of Copenhagen, Denmark in 1981, specialized in Electronics. Mr. Svendsen-Tune holds a Diploma in Electronic Engineering, Electronics and Mechanical Design from the Danish Engineering Academy. He holds holds a BSc. Eng. (hon.).

CEO Compensation
  • René's compensation has been consistent with company performance over the past year, both up more than 20%.
  • René's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

René Svendsen-Tune

TITLE
Chief Executive Officer
COMPENSATION
DKK17M
AGE
64

Marcus Desimoni

TITLE
Chief Financial Officer
COMPENSATION
DKK13M
AGE
51
TENURE
4.2 yrs

Gitte Aabo

TITLE
Chief Executive Officer of GN Hearing
COMPENSATION
DKK9M
AGE
52
TENURE
0.6 yrs

Brian Pedersen

TITLE
Chief Technical Officer

Morten Toft

TITLE
Vice President of Investor Relations & Treasury

Steen Laursen

TITLE
Vice President of Group Communication

Lars Andersen-Lange

TITLE
Head of Media Relations & Corporate Public Affairs
Board of Directors Tenure

Average tenure and age of the GN Store Nord board of directors in years:

6.3
Average Tenure
56.5
Average Age
  • The tenure for the GN Store Nord board of directors is about average.
Board of Directors

Per Wold-Olsen

TITLE
Independent Chairman of the Board
AGE
72
TENURE
12.3 yrs

Jukka Pertola

TITLE
Deputy Chairman of the Board of Directors
AGE
59
TENURE
0.1 yrs

Anette Weber

TITLE
Director
AGE
48
TENURE
0.1 yrs

Leo Larsen

TITLE
Director
AGE
60
TENURE
13.3 yrs

Wolfgang Reim

TITLE
Independent Director
AGE
63
TENURE
11.8 yrs

Morten Andersen

TITLE
Director
AGE
56
TENURE
8.6 yrs

Hélène Barnekow

TITLE
Independent Director
AGE
55
TENURE
7.3 yrs

Ronica Wang

TITLE
Independent Director
AGE
57
TENURE
5.3 yrs

Marcus Perathoner

TITLE
Director
AGE
42
TENURE
2 yrs

Montserrat Pascual

TITLE
Director
AGE
55
TENURE
0.1 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 GN Store Nord'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. GN Store Nord 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

GN Store Nord A/S develops, manufactures, and markets medical, professional, and consumer audio solutions in Denmark, rest of Europe, North America, and internationally. The company operates through GN Hearing and GN Audio segments. The GN Hearing segment produces and sells hearing instruments and products. The GN Audio segment supplies headsets and speakerphone solutions primarily for professional use; and consumer headsets and earbuds for calls, music, and media consumption. It also provides FalCom, a communication and hearing protection solution for defense and security forces. The company offers its products under the ReSound, Beltone, Interton, Audigy, FalCom, Jabra, and Blueparrott brand names. GN Store Nord A/S was founded in 1869 and is headquartered in Ballerup, Denmark.

Details
Name: GN Store Nord A/S
GNC
Exchange: BATS-CHIXE
Founded: 1869
DKK41,239,372,580
128,752,334
Website: http://www.gn.com
Address: GN Store Nord A/S
Lautrupbjerg 7,
Ballerup,
Capital Region of Denmark, 2750,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE GN Ordinary Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
OTCPK GGND.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB GNN Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0K9P Ordinary Shares London Stock Exchange GB DKK 02. Jan 1992
BATS-CHIXE GNC Ordinary Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
OTCPK GNND.Y ADR Pink Sheets LLC US USD 04. Sep 2012
Number of employees
Current staff
Staff numbers
6,275
GN Store Nord employees.
Industry
Health Care Equipment
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:00
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/05
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.