8/3/2019 Pandora As
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Pandora A/S (PNDORA-DK)PNDORA-DK B44XTX8 OMX Nordic Copenhagen
Common stock
Business Description
Pandora A/S designs, manufactures and markets hand-finished and
modern jewellery. Its products include bracelets, brooches, charms,
earrings,
eather strings, necklaces, rings, pendants and watches. The
company operates through the Americas, Europe and Asia Pacific. It
was founded by
Per Enevoldsen and Winnie Enevoldsen in 1982 and is
headquartered in Glostrup, Denmark.
Key Statistics
52 - Week Range DKK34.30 -
Avg Daily Vol (3 Mo) 1,018
Market Value (M)
Ent Value (M)
Shares Out (M)
Dividend Yield
Float
Institutional
Top 10 Inst Hldrs
Analyst Coverage Target Price DK
LT Growth Rate
Avg Rating Overweight
Corporate Information
Headqua rters: Glostrup, Dk 2600 Denmark
Management: Allan L. Leighton
Marcello V. Bottoli, PhD
Henrik Holmark
# Employees: 4,336
Business Segments (Dec-10)
Tot Rev % of Tot Op Inc As se ts Cap Ex
Charms 4,630 69.5% - - -
Other Jewelry 830 12.5% - - -
Silver&Gold Charms 786 11.8% - - -
Rings 420 6.3% - - -
Earnings Per Share (EPS)
EPS Estimate Revisions
Sales
Valuation Summary
Growth Summary - CAGR (Dec-10)
Mutual Fund Holders
FY Ending 12/09A 12/10A 12/11E 12/12E
Q1 (Mar) - 2.00 3.96 1.66
Q2 (Jun) - 2.99 4.82 1.91
Q3 (Sep) - 4.44 2.62 2.75
Q4 (Dec) - 4.76 2.90 2.92
Fiscal Year - 14.62 13.10 8.87
P/E - 23.0x 4.1x 9.6x
1 Week 1 Month 3 Months 6 Months
Qtr End 12/11 -0.5% 6.5% 15.4% -29.5%
Qtr End 3/12 -35.2% -35.2% - -FY End 12/11 - 3.1 % - 1.7 % 5.2%
2.2%
FY End 12/12 -0.7% 1.2% 12.6% -8.9%
FY Ending 12/09A 12/10A 12/11E 12/12E
Q1 (Mar) - 1,238 1,745 1,534
Q2 (Jun) - 1,343 1,392 1,330
Q3 (Sep) - 1,788 1,569 1,662
Q4 (Dec) - 2,297 2,028 2,226
Fiscal Year - 6,666 6,666 6,593
5 Year
Current High Low A vg V s Ind
P/E (LTM) 5.3x 45.0x 2.3x 14.6x -
P/E (NTM) 9.5x 17.1x 4.0x 9.9x -
PEG (NTM) - 0 .8x 0.5x 0.6x -P/Bk 2.3x 15.5x 1.0x 5.9x -
P/CF 6.3x 12.3x 2.8x 6.3x -
P/Sales 1.6x 12.6x 0.7x 4.2x -
EV/EBITDA 4.7x 31.1x 2.3x 10.9x -
EV/Sales 1.7x 13.4x 0.9x 4.5x -
Div Yld 5.9% 13.4% 1.1% 4.9% -
1 Yr 3 Yr 5 Yr 1 0Y r
Sales 92.6% - - -
EBITDA 80.0% - - -
EBIT 80.2% - - -
Net Income 90.4% - - -
EPS (Diluted) 96.0% - - -
Dividends - - - -
BVPS 197.4% - - -
Free CFlow -5.9% - - -
Holder MV % O/S
- -
Total Mutual Funds - 10.1%
Price, Financials & Ratios History
Key Comps (15-Feb-2012)
DKK84.9+5.80
+7.33%
YTD Chg 5
3 Month Chg 7
52 Week Chg -7
52-Week Beta
M on et ar y v al ue s i n m il li on s o f D an is h K ro ne ,
e xc ep t p er s ha re d at a F un da me nt al a nd e st im at e r
ep or ti ng s ta nd ar ds m
2006 2007 2008 2009 2010 2011 2012 5Y
- - - - - -83.9% 57.2% Price Change -
- - - - - -69.1% 41.0%+/- OMX Copenhagen
20-
- - - - - - - +/- Industry
- - - - 1.1% 9.3% 5.9% Div Yld
12/06 12/07 12/08 12/09 12/10 12/11E 12/12E
- - 1,662 3,461 6,666 6,666 6,593 Sales
- - 731 1,489 2,681 2,191 1,660 EBITDA
- - 617 1,341 2,416 2,000 1,508 EBIT
- - 266 969 1,846 1,724 1,131 Net Inc
- - 2.05 7.46 14.62 13.10 8.87 EPS (Dil)
- - 0.00 0.00 5.00 4.45 3.56 Divs PS
- - 130 130 126- - Shs Out (Dil)
- - 1.80 11.17 33.20 41.03 45.64 Bk PS
- - 305 824 1,224- - Cash & ST Inv
- - 3,491 5,816 8,959 9,354 9,561 Assets
- - 271 1,077 476- - Wk Cap
- - 2,661 2,703 0- - LT Debt
- - 362 1,066 1,316 1,604 1,443 Net Op CF
- - -48 -118 -262 -215 -203 Cap Ex
- - 314 963 906 1,138 1,344 FCF
12/06 12/07 12/08 12/09 12/10 12/11E 12/12E 5Y
- - 56.1% 64.9% 67.1%- - Gross Margin
- - 44.0% 43.0% 40.2% 32.9% 25.2% EBITDA Margin
- - 37.1% 38.7% 36.2% 30.0% 22.9% EBIT Margin
- - 16.0% 28.0% 27.7% 25.9% 17.1% Net Margin
- - - 20.8% 25.0% 18.4% 11.8% ROA
- - - 115.0% 64.0% 31.9% 19.4% ROE
- - - 0.7 0.9 0.7 0.7 Asset Turn
- - 14.9 4.0 2.1 1.7 1.6 Assets/Equity
- - 1.18 1.48 1.54- - Sales/Emp
- - - 59 60- - DSO
- - - 17 21- - DPO
- - 1.5 2.2 1.1- - Current Ratio
- - 1.2 1.7 0.8- - Quick Ratio
- - 92.8 67.2 35.0- - TDebt%Cap
- - 1,281.4 205.0 53.9- - TDebt%TEQ
Name Price MV (M) PE (NTM) PEG (NTM) ROE EPS
Pandora A/S 84.90 11,049 9.5x - 46.2% 1
Surana Corp. Ltd. 10.66 233 - - 27.8%
Samsonite International S.A. 9.93 14,041 14.2x 0.9x 43.9% -
Shree Ganesh Jewellery House Ltd. 13.36 811 2.0x - 26.5%
ompany > Overviews > Public Company Snapshot - IM Report
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