PNDORA Stock Analysis: Pandora | CO
Luxury Goods | CO, Denmark | Market Cap: 60.289m DKK | 12M Return: 9.1% | DK0060252690 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 180M
EPS Trend: 92.2%
Qual. Beats: 2
Rev. Trend: 90.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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.
Pandora A/S is a Danish jewelry company founded in 1982 and headquartered in Copenhagen. It designs, crafts, and markets jewelry globally through two business segments: Core and Fuel With More. Its product portfolio includes charm and carrier products, as well as lab-grown diamonds.
The company distributes its products through a multi-channel model that combines physical retail stores, online stores, and wholesale and third-party distribution partners. Pandora operates within the Apparel, Accessories & Luxury Goods sub-industry of the Consumer Discretionary sector, a category that includes branded lifestyle and personal luxury goods companies. The inclusion of lab-grown diamonds reflects the broader industry shift toward more affordable and sustainably produced alternatives to mined diamonds, addressing changing consumer preferences in the jewelry market.
- Fuel With More segment drives accelerating like-for-like revenue growth
- Gold price volatility pressures gross margins on charm bracelet production
- Lab-grown diamond expansion intensifies competition in accessible luxury jewelry
- US and China tariff headwinds disrupt core segment wholesale distribution
| Net Income: 5.16b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.22 > 0.02 and ΔFCF/TA -0.32 > 1.0 |
| NWC/Revenue: -5.25% < 20% (prev -8.66%; Δ 3.41% < -1%) |
| CFO/TA 0.28 > 3% & CFO 8.13b > Net Income 5.16b |
| Net Debt (21.9b) to EBITDA (10.6b): 2.08 < 3 |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (70.6m) vs 12m ago -9.46% < -2% |
| Gross Margin: 79.15% > 18% (prev 79.87%; Δ -0.72% > 0.5%) |
| Asset Turnover: 115.4% > 50% (prev 120.3%; Δ -4.91% > 0%) |
| Interest Coverage Ratio: 7.72 > 6 (EBIT TTM 7.87b / Interest Expense TTM 1.02b) |
| A: -0.06 (Total Current Assets 8.63b - Total Current Liabilities 10.3b) / Total Assets 29.2b |
| B: 0.15 (Retained Earnings 4.33b / Total Assets 29.2b) |
| C: 0.28 (EBIT TTM 7.87b / Avg Total Assets 28.1b) |
| D: 0.17 (Book Value of Equity 4.30b / Total Liabilities 24.9b) |
| Altman-Z'' = 2.16 = BBB |
| DSRI: 1.19 (Receivables 1.87b/1.57b, Revenue 32.5b/32.5b) |
| GMI: 1.01 (GM 79.87% / 79.15%) |
| AQI: 0.96 (AQ_t 0.36 / AQ_t-1 0.38) |
| SGI: 1.00 (Revenue 32.5b / 32.5b) |
| TATA: -0.10 (NI 5.16b - CFO 8.13b) / TA 29.2b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 16, 2026, the stock is trading at DKK 845.00 with a total of 244,251 shares traded. Over the past week, the price has changed by +4.89%, over one month by +5.76%, over three months by +6.16% and over the past year by +9.10%.
Current recommended Stop Loss: 814.00 (which is 3.7% or 1.3 ATR below the current price).
Pandora has no consensus analysts rating.
P/E Trailing = 11.9407
P/E Forward = 18.797
P/S = 1.8576
P/B = 14.2755
P/EG = 114.0232
Revenue TTM = 32.5b DKK
EBIT TTM = 7.87b DKK
EBITDA TTM = 10.6b DKK
Long Term Debt = 9.18b DKK (from longTermDebt, last quarter)
Short Term Debt = 2.66b DKK (from shortTermDebt, last quarter)
Debt = 22.8b DKK (from shortLongTermDebtTotal, last quarter) + Leases 6.29b
Net Debt = 21.9b DKK (calculated: Debt 22.8b - CCE 908.0m)
Enterprise Value = 82.2b DKK (60.3b + Debt 22.8b - CCE 908.0m)
Interest Coverage Ratio = 7.72 (Ebit TTM 7.87b / Interest Expense TTM 1.02b)
EV/FCF = 12.51x (Enterprise Value 82.2b / FCF TTM 6.57b)
FCF Yield = 8.00% (FCF TTM 6.57b / Enterprise Value 82.2b)
FCF Margin = 20.26% (FCF TTM 6.57b / Revenue TTM 32.5b)
Net Margin = 15.88% (Net Income TTM 5.16b / Revenue TTM 32.5b)
Gross Margin = 79.15% ((Revenue TTM 32.5b - Cost of Revenue TTM 6.77b) / Revenue TTM)
Gross Margin QoQ = 80.45% (prev 79.49%)
Tobins Q-Ratio = 2.81 (Enterprise Value 82.2b / Total Assets 29.2b)
Interest Expense / Debt = 4.46% (Interest Expense 1.02b / Debt 22.8b)
Taxrate = 25.10% (1.73b / 6.88b)
NOPAT = 5.89b (EBIT 7.87b * (1 - 25.10%))
Current Ratio = 0.84 (Total Current Assets 8.63b / Total Current Liabilities 10.3b)
Debt / Equity = 5.31 (Debt 22.8b / totalStockholderEquity, last quarter 4.30b)
Debt / EBITDA = 2.08 (Net Debt 21.9b / EBITDA 10.6b)
Debt / FCF = 3.34 (Net Debt 21.9b / FCF TTM 6.57b)
Total Stockholder Equity = 4.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.33% (Net Income 5.16b / Total Assets 29.2b)
RoE = 124.8% (Net Income TTM 5.16b / Total Stockholder Equity 4.13b)
RoCE = 59.07% (EBIT 7.87b / Capital Employed (Equity 4.13b + L.T.Debt 9.18b))
RoIC = 28.53% (NOPAT 5.89b / Invested Capital 20.6b)
WACC = 7.47% (E(60.3b)/V(83.1b) * Re(9.04%) + D(22.8b)/V(83.1b) * Rd(4.46%) * (1-Tc(0.25)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -81.84 | Cagr: -6.55%
[DCF] Terminal Value 76.29% ; FCFF base≈6.41b ; Y1≈6.79b ; Y5≈8.02b
[DCF] Fair Price = 1.36k (EV 123b - Net Debt 21.9b = Equity 101b / Shares 74.8m; r=8.35% [WACC [floored]]; 5y FCF grow 6.72% → 2.50% )
EPS Correlation: 92.19 | EPS CAGR: 11.08% | SUE: 3.69 | # QB: 2
Revenue Correlation: 90.94 | Revenue CAGR: 6.66% | SUE: -0.19 | # QB: 0
EPS current Quarter (2026-09-30): EPS=5.92 | Chg30d=-13.24% | Revisions=+40% | Analysts=7
EPS current Year (2026-12-31): EPS=64.79 | Chg30d=+0.03% | Revisions=+29% | GrowthEPS=-4.6% | GrowthRev=+2.6%
EPS next Year (2027-12-31): EPS=48.43 | Chg30d=+0.03% | Revisions=+10% | GrowthEPS=-25.2% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +31% (up=9, down=4)