PAAL-B Stock Analysis: Per Aarsleff Holding | CO
Engineering & Construction | CO, Denmark | Market Cap: 13.151m DKK | 12M Return: -2.1% | DK0060700516 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.6M
EPS Trend: 97.6%
Qual. Beats: 0
Rev. Trend: 98.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Per Aarsleff Holding A/S is a Denmark-based construction and engineering group serving infrastructure and building projects at home and internationally. Its activities span construction, technical solutions, rail, ground engineering and pipe technologies.
The company works on transport links, ports, utilities, buildings and environmental infrastructure, and also provides design, engineering, installation, maintenance and project-development services. Its business model combines specialist contracting with integrated project delivery across multiple infrastructure and construction disciplines.
- Public infrastructure spending supports construction and rail order growth
- Project execution and labor costs drive margins
- Water, sewer and district heating upgrades sustain renewal demand
| Net Income: 917.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -1.08 > 1.0 |
| NWC/Revenue: 11.91% < 20% (prev 11.09%; Δ 0.81% < -1%) |
| CFO/TA 0.11 > 3% & CFO 2.15b > Net Income 917.0m |
| Net Debt (2.66b) to EBITDA (2.34b): 1.14 < 3 |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (18.8m) vs 12m ago -3.33% < -2% |
| Gross Margin: 11.93% > 18% (prev 12.48%; Δ -0.55% > 0.5%) |
| Asset Turnover: 142.9% > 50% (prev 143.5%; Δ -0.60% > 0%) |
| Interest Coverage Ratio: 18.56 > 6 (EBIT TTM 1.32b / Interest Expense TTM 71.0m) |
| A: 0.15 (Total Current Assets 12.5b - Total Current Liabilities 9.51b) / Total Assets 19.6b |
| B: 0.30 (Retained Earnings 5.93b / Total Assets 19.6b) |
| C: 0.08 (EBIT TTM 1.32b / Avg Total Assets 17.5b) |
| D: 0.43 (Book Value of Equity 5.87b / Total Liabilities 13.7b) |
| Altman-Z'' = 2.93 = A |
| DSRI: 1.79 (Receivables 10.0b/4.93b, Revenue 25.0b/22.0b) |
| GMI: 1.05 (GM 12.48% / 11.93%) |
| AQI: 1.58 (AQ_t 0.09 / AQ_t-1 0.05) |
| SGI: 1.14 (Revenue 25.0b / 22.0b) |
| TATA: -0.06 (NI 917.0m - CFO 2.15b) / TA 19.6b) |
| Beneish M = -1.90 (Cap -4..+1) = B |
As of November 04, 2026, the stock is trading at DKK 716.00 with a total of 17,579 shares traded. Over the past week, the price has changed by +2.58%, over one month by +0.14%, over three months by -0.69% and over the past year by -2.06%.
Current recommended Stop Loss: 694.70 (which is 3% or 1.3 ATR below the current price).
Per Aarsleff Holding has no consensus analysts rating.
P/E Trailing = 14.5079
P/E Forward = 11.6414
P/S = 0.5344
P/B = 2.2408
Revenue TTM = 25.0b DKK
EBIT TTM = 1.32b DKK
EBITDA TTM = 2.34b DKK
Long Term Debt = 1.92b DKK (from longTermDebt, last quarter)
Short Term Debt = 466.0m DKK (from shortTermDebt, last quarter)
Debt = 4.56b DKK (from shortLongTermDebtTotal, last quarter) + Leases 1.26b
Net Debt = 2.66b DKK (calculated: Debt 4.56b - CCE 1.90b)
Enterprise Value = 15.8b DKK (13.2b + Debt 4.56b - CCE 1.90b)
Interest Coverage Ratio = 18.56 (Ebit TTM 1.32b / Interest Expense TTM 71.0m)
EV/FCF = 12.86x (Enterprise Value 15.8b / FCF TTM 1.23b)
FCF Yield = 7.78% (FCF TTM 1.23b / Enterprise Value 15.8b)
FCF Margin = 4.92% (FCF TTM 1.23b / Revenue TTM 25.0b)
Net Margin = 3.67% (Net Income TTM 917.0m / Revenue TTM 25.0b)
Gross Margin = 11.93% ((Revenue TTM 25.0b - Cost of Revenue TTM 22.0b) / Revenue TTM)
Gross Margin QoQ = 12.32% (prev 11.62%)
Tobins Q-Ratio = 0.80 (Enterprise Value 15.8b / Total Assets 19.6b)
Interest Expense / Debt = 1.56% (Interest Expense 71.0m / Debt 4.56b)
Taxrate = 26.02% (331.0m / 1.27b)
NOPAT = 975.0m (EBIT 1.32b * (1 - 26.02%))
Current Ratio = 1.31 (Total Current Assets 12.5b / Total Current Liabilities 9.51b)
Debt / Equity = 0.78 (Debt 4.56b / totalStockholderEquity, last quarter 5.87b)
Debt / EBITDA = 1.14 (Net Debt 2.66b / EBITDA 2.34b)
Debt / FCF = 2.16 (Net Debt 2.66b / FCF TTM 1.23b)
Total Stockholder Equity = 5.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.24% (Net Income 917.0m / Total Assets 19.6b)
RoE = 16.20% (Net Income TTM 917.0m / Total Stockholder Equity 5.66b)
RoCE = 17.38% (EBIT 1.32b / Capital Employed (Equity 5.66b + L.T.Debt 1.92b))
RoIC = 10.42% (NOPAT 975.0m / Invested Capital 9.35b)
WACC = 5.79% (E(13.2b)/V(17.7b) * Re(7.40%) + D(4.56b)/V(17.7b) * Rd(1.56%) * (1-Tc(0.26)))
Discount Rate = 7.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.18 | Cagr: -1.40%
[DCF] Terminal Value 76.59% ; FCFF base≈1.19b ; Y1≈1.28b ; Y5≈1.58b
[DCF] Fair Price = 1.23k (EV 24.2b - Net Debt 2.66b = Equity 21.5b / Shares 17.5m; r=8.35% [WACC [floored]]; 5y FCF grow 9.33% → 2.50% )
EPS Correlation: 97.64 | EPS CAGR: 7.52% | SUE: -0.21 | # QB: 0
Revenue Correlation: 98.02 | Revenue CAGR: 8.62% | SUE: 0.09 | # QB: 0
EPS current Year (2026-09-30): EPS=52.10 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=+12.4% | GrowthRev=+14.9%
EPS next Year (2027-09-30): EPS=59.70 | Chg30d=+0.00% | Revisions=-17% | GrowthEPS=+14.6% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: -44% (up=1, down=5)