Thursday, December 1, 2022
HomeValue InvestingAll Danish Shares half 6 – Nr. 51-60

All Danish Shares half 6 – Nr. 51-60


And one other batch of 10 randomly chosen Danish shares, this time, none of them made it onto the watch listing. Now we have now coated nearly 1/3 of all Danish shares.

51. Ringkjøbing Landbobank A/S

Ringkjøbing Landbobank is a 3,3 bn EUR market cap financial institution lively solely in Denmark, that’s surprisingly worthwhile with a ROE of ~15%. That is mirrored in an excellent share value efficiency and a slightly excessive valuation at 20x trailing P/E.

ringbank

I nonetheless don’t actually perceive how Danish banks handle to be so worthwhile regardless of the very low rate of interest ranges, however I’ll “cross” on that one.

52. Atlantic Petroleum

Atlantic is a tiny 5 mn EUR market cap oil firm from the Faroer Islands that doesn’t appear to have any revenues. “cross”.

53. PARKEN Sport & Leisure

PARKEN is a 120 mn EUR market cap firm that manages each, a stadium and a soccer membership in Copenhagen. The chart signifies that long run worth creation is sort of restricted:

Parken

Though I do like soccer, it doesn’t look very fascinating. “Cross”.

54. Inexperienced Hydrogen Techniques

Inexperienced Hydrogen Techniques is a 61 mn EUR firm that intends to fabricate Electrolyzers and was IPOed in June 2021. In concept, this could possibly be a fantastic enterprise, however revenues have been declining, each in 2020 and 2021.

The corporate claims to have orders and nonetheless some money left however total this slightly appears to be like like a enterprise firm with important money burn they usually may want to lift some further capital quickly.

Then again, it appears to be like like that Electrolyzers can be in brief provide for a few years to return, particularly after the urgency created by Russia’s assault on Ukraine.

The share value has suffered recently and is now under the IPO stage:

Green H

The explanation for the latest drop appear to be “design problems” in its core product and the ensuing change in steerage for 2022. Total, this appears to be a lot too speculative, subsequently I’ll “cross”.

55. Bdr Klee A/S

Klee is 17 mn EUR market cap firm that sells a wide range of tools from small motors, gear bins and supplemental gadgets.

The inventory did nothing for a few years earlier than nearly doubling final yr:

klee

Trying on the numbers, it isn’t completely clear why. 2020 was not good they usually simply caught up in 2021. The inventory appears to be like low cost however is possibly too small to hassle anyway. “Cross”.

56. Sparekassen Sjælland-Fyn

Sparekassen Sjælland-Fyn is a 450 mn EUR market cap native financial institution, that as different Danish banks, had an excellent share value efficiency over the previous few years and nonetheless appears to be like low cost at 8x earnings and 0,8x e book worth:

spare

I’m not completely certain why that occurred. As all of the investor paperwork are in Danish, there’s a clear drawback for me, subsequently I’ll “cross”.

57. Coloplast A/S

Coloplast is a 28 bn EUR market cap Medtech firm and clearly one of many posterchilds of a profitable Danish Medtech firm. I checked out Coloplast many occasions during the last years however it at all times appeared too costly. Since 2010, the share value has made round 10x:

coloplast

Apparently, income and working revenue progress during the last 3-5 years is “solely” 5-7%,. Margins are very hight (Op Margin 33%), nevertheless at a trailing valuation of 36x EV/EBIT and 11x treailing EV/Gross sales, the inventory appears to be like totally valued.

Nice firm however far out of attain, “cross”.

58. Joyful Helper A/S

Joyful Helper is a 3 mn EUR market cap nano firm that claims to be a “AirBnB” market place for dwelling cleansing. It doesn’t solely sound like a silly thought, however it appears to be not an excellent enterprise because the inventory has been declining since tits IPO in 2018. “Cross”.

59. Quick Ejendom Danmark A/S

Quick Ejendom is an actual property firm that appears to put money into residential and business property in Denmark. The inventory reveals a gradual improve during the last 10 years or so. Nonetheless, actual property is just not my cup of tea. “Cross”.

60. Form Robotics A/S

Form is a 19 mn EUR market cap firm that was IPOed in 2020 which develops a robotic methods that permits college students to find out about robotics. The corporate really has gross sales which even elevated in 2021, however gross revenue is unfavourable. “Cross”.

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