(PNDORA) Pandora - CO
Sector: Consumer Cyclical | Industry: Luxury Goods | Exchange: CO (Denmark) | Market Cap: 47.319m DKK | Total Return: -41.8% in 12m
Avg Turnover: 164M
EPS Trend: 94.5%
Qual. Beats: 1
Rev. Trend: 94.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema8
Pandora A/S is a Denmark-based jewelry company specializing in the design, manufacturing, and global distribution of finished jewelry products. The company utilizes a vertical integration model, maintaining internal production facilities primarily located in Thailand to control supply chain costs and quality. Its product portfolio focuses on the affordable luxury segment, categorized into Core and Fuel With More segments, which include modular charms, carriers, and lab-grown diamonds.
The business operates through a multi-channel retail strategy encompassing company-owned physical stores, e-commerce platforms, and third-party wholesale partners. As part of the Consumer Discretionary sector, Pandora’s performance is influenced by global consumer sentiment and the fluctuating market prices of raw materials such as silver and gold, which serve as primary inputs for its jewelry crafting.
- Lab-grown diamond expansion drives segment revenue and margin growth
- Phoenix strategy execution accelerates like-for-like sales in key markets
- Silver price volatility impacts gross margins and manufacturing costs
- Share buyback programs and dividend yield support capital allocation strategy
| Net Income: 5.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.21 > 0.02 and ΔFCF/TA -3.59 > 1.0 |
| NWC/Revenue: -1.49% < 20% (prev -5.74%; Δ 4.25% < -1%) |
| CFO/TA 0.27 > 3% & CFO 7.69b > Net Income 5.08b |
| Net Debt (22.0b) to EBITDA (10.4b): 2.12 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (74.6m) vs 12m ago -5.16% < -2% |
| Gross Margin: 78.88% > 18% (prev 80.07%; Δ -1.19% > 0.5%) |
| Asset Turnover: 116.6% > 50% (prev 121.7%; Δ -5.08% > 0%) |
| Interest Coverage Ratio: 7.81 > 6 (EBIT TTM 7.77b / Interest Expense TTM 995.0m) |
| A: -0.02 (Total Current Assets 9.10b - Total Current Liabilities 9.58b) / Total Assets 29.0b |
| B: 0.25 (Retained Earnings 7.24b / Total Assets 29.0b) |
| C: 0.28 (EBIT TTM 7.77b / Avg Total Assets 27.7b) |
| D: 0.16 (Book Value of Equity 4.02b / Total Liabilities 24.9b) |
| Altman-Z'' = 2.76 = A |
| DSRI: 1.13 (Receivables 2.02b/1.77b, Revenue 32.3b/32.2b) |
| GMI: 1.02 (GM 80.07% / 78.88%) |
| AQI: 0.92 (AQ_t 0.36 / AQ_t-1 0.39) |
| SGI: 1.00 (Revenue 32.3b / 32.2b) |
| TATA: -0.09 (NI 5.08b - CFO 7.69b) / TA 29.0b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at DKK 655.80 with a total of 446,474 shares traded.
Over the past week, the price has changed by +2.49%,
over one month by +22.90%,
over three months by +49.48% and
over the past year by -41.77%.
Pandora has no consensus analysts rating.
P/E Trailing = 9.5128
P/E Forward = 10.9051
P/S = 1.4645
P/B = 11.9086
P/EG = 3.6697
Revenue TTM = 32.3b DKK
EBIT TTM = 7.77b DKK
EBITDA TTM = 10.4b DKK
Long Term Debt = 9.99b DKK (from longTermDebt, last quarter)
Short Term Debt = 2.52b DKK (from shortTermDebt, last quarter)
Debt = 22.8b DKK (from shortLongTermDebtTotal, last quarter) + Leases 5.93b
Net Debt = 22.0b DKK (calculated: Debt 22.8b - CCE 826.0m)
Enterprise Value = 69.3b DKK (47.3b + Debt 22.8b - CCE 826.0m)
Interest Coverage Ratio = 7.81 (Ebit TTM 7.77b / Interest Expense TTM 995.0m)
EV/FCF = 11.44x (Enterprise Value 69.3b / FCF TTM 6.06b)
FCF Yield = 8.74% (FCF TTM 6.06b / Enterprise Value 69.3b)
FCF Margin = 18.76% (FCF TTM 6.06b / Revenue TTM 32.3b)
Net Margin = 15.73% (Net Income TTM 5.08b / Revenue TTM 32.3b)
Gross Margin = 78.88% ((Revenue TTM 32.3b - Cost of Revenue TTM 6.82b) / Revenue TTM)
Gross Margin QoQ = 79.49% (prev 78.09%)
Tobins Q-Ratio = 2.39 (Enterprise Value 69.3b / Total Assets 29.0b)
Interest Expense / Debt = 4.35% (Interest Expense 995.0m / Debt 22.8b)
Taxrate = 24.97% (1.69b / 6.77b)
NOPAT = 5.83b (EBIT 7.77b * (1 - 24.97%))
Current Ratio = 0.95 (Total Current Assets 9.10b / Total Current Liabilities 9.58b)
Debt / Equity = 5.68 (Debt 22.8b / totalStockholderEquity, last quarter 4.02b)
Debt / EBITDA = 2.12 (Net Debt 22.0b / EBITDA 10.4b)
Debt / FCF = 3.63 (Net Debt 22.0b / FCF TTM 6.06b)
Total Stockholder Equity = 3.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.35% (Net Income 5.08b / Total Assets 29.0b)
RoE = 128.9% (Net Income TTM 5.08b / Total Stockholder Equity 3.94b)
RoCE = 55.76% (EBIT 7.77b / Capital Employed (Equity 3.94b + L.T.Debt 9.99b))
RoIC = 27.67% (NOPAT 5.83b / Invested Capital 21.1b)
WACC = 7.38% (E(47.3b)/V(70.2b) * Re(9.36%) + D(22.8b)/V(70.2b) * Rd(4.35%) * (1-Tc(0.25)))
Discount Rate = 9.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -5.88%
[DCF] Terminal Value 74.50% ; FCFF base≈6.23b ; Y1≈5.91b ; Y5≈5.59b
[DCF] Fair Price = 883.5 (EV 88.1b - Net Debt 22.0b = Equity 66.1b / Shares 74.8m; r=8.35% [WACC [floored]]; 5y FCF grow -6.55% → 2.50% )
EPS Correlation: 94.50 | EPS CAGR: 12.14% | SUE: 3.31 | # QB: 1
Revenue Correlation: 94.72 | Revenue CAGR: 7.99% | SUE: 0.19 | # QB: 0
EPS current Quarter (2026-06-30): EPS=8.63 | Chg30d=+3.19% | Revisions=+14% | Analysts=4
EPS next Quarter (2026-09-30): EPS=4.96 | Chg30d=+17.57% | Revisions=-14% | Analysts=4
EPS current Year (2026-12-31): EPS=60.51 | Chg30d=+0.75% | Revisions=+62% | GrowthEPS=-10.9% | GrowthRev=+0.8%
EPS next Year (2027-12-31): EPS=38.79 | Chg30d=-1.73% | Revisions=+0% | GrowthEPS=-35.9% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: +62%