Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Københavns Lufthavne A/S owns, develops, and operates Copenhagen Airport (Kastrup) and Roskilde Airport in Denmark. The company manages critical airport infrastructure and air traffic services, including route development, baggage handling, security, terminals, IT systems, shuttle buses, aircraft stands, and runways. It divides operations into aeronautical activities—providing facilities for airlines and passengers—and non-aeronautical ventures such as parking, retail shops, food outlets, hotels, lounges, and services for persons with reduced mobility. With approximately 2,671 employees, Københavns Lufthavne A/S supports Denmark's aviation sector, generating revenue primarily from aeronautical operations while diversifying through commercial services. Founded in 1990 and led by CEO Christian Poulsen, the firm plays a pivotal role in the transportation industry, exhibiting stable share price volatility and strong financial metrics like a 21.69% net profit margin on trailing twelve-month revenue of DKK 5.40 billion. Its market presence underscores the importance of airport operators in facilitating global connectivity and economic activity.
DKK 710.00
DKK 6.00 (-0.84%)
Live · 10:02 PM · Twelve Data
33.25% operating margin is above average. ROIC at 9.98%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 8.9%, steady but not accelerating. Free cash flow declined 35% despite revenue growth, conversion is weakening.
Free cash flow declined 35% versus the prior year, cash generation momentum has weakened. Net debt of DKK 9.00B represents 25.7x FCF, leverage limits flexibility.
4.2x earnings, 37.6x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
DKK 5.65B
▲ +8.9% YoY
Net Income (TTM)
DKK 1.32B
▲ +19.5% YoY
Op. Margin
33.89%
▲ +1.6pp YoY
ROIC
9.98%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
DKK 145M
▼ -35.1% YoY
Op. Cash Flow (TTM)
DKK 2.11B
▲ +17.3% YoY
Net Debt
DKK 9.00B
Cash & Equiv.
DKK 54M
3Y CAGR: +16.1%
3Y CAGR: -20.7%
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At a P/E of 4.2 and a price-to-free-cash-flow of 37.6, Københavns Lufthavne A/S (KBHL.XCSE) trades above a two-stage DCF intrinsic value of about DKK -844.75 per share, so at DKK 710.00 the stock looks overvalued (219.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Københavns Lufthavne A/S scores 60/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about DKK -844.75 per share for KBHL.XCSE, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around DKK -633.56. At today's DKK 710.00, that puts the stock about 219.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Københavns Lufthavne A/S scores 60 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 33.9% operating margin and a 10.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Københavns Lufthavne A/S pays a regular dividend of about DKK 26.03 per share per year (typically in quarterly installments), a yield of roughly 3.7% at the current price. That is a payout ratio of about 15.2% of earnings, so the dividend is amply covered by earnings. Københavns Lufthavne A/S has grown the dividend at roughly 50.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For KBHL.XCSE's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. KBHL.XCSE currently trades above its estimated intrinsic value and scores 60/100 on quality (solid). It also yields about 3.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.