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.
Matas A/S is a leading Danish retail company operating a prominent chain of drugstores specializing in beauty, personal care, and wellbeing products. Founded in 1949 as Materialisternes Aktieselskab, it has grown into a nationwide network with around 263 stores, employing approximately 2,500 people and generating annual revenue of about 4.3 billion Danish kroner. The company offers a wide assortment of cosmetics like makeup, hair coloring, and skincare; personal hygiene items; household chemicals; vitamin supplements; herbal remedies; and its own branded lines such as Matas Stripes, Matas Natur, Plaisir, and Nilens Jord, known for natural and allergy-friendly profiles. Matas A/S emphasizes quality, environmental responsibility through initiatives like the Matas Environmental Fund and Nordic Ecolabel products, and customer loyalty via Club Matas. Historically challenging monopolies to expand into vitamins and over-the-counter medicines, it now integrates pharmacies in select stores and invests heavily in digitalization and store renovations. As part of Matas Group, it plays a key role in the Nordic beauty and wellbeing market, fostering brands and community-focused growth.
DKK 89.80
+DKK 1.20 (+1.35%)
Live · 10:01 PM · Twelve Data
Operating margin is thin at 6.49%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.7%, steady but not accelerating.
Net debt of DKK 4.04B represents 7.4x FCF, leverage limits flexibility.
14.1x earnings, 6.2x 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 8.78B
▲ +4.7% YoY
Net Income (TTM)
DKK 243M
▼ -13.8% YoY
Op. Margin
6.49%
▼ -0.6pp YoY
ROIC
5.09%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
DKK 547M
▲ +4107.7% YoY
Op. Cash Flow (TTM)
DKK 729M
▲ +298.4% YoY
Net Debt
DKK 4.04B
Cash & Equiv.
DKK 60M
3Y CAGR: +25.0%
3Y CAGR: +8.9%
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At a P/E of 14.1 and a price-to-free-cash-flow of 6.2, Matas A/S (MATAS.XCSE) trades below a two-stage DCF intrinsic value of about DKK 317.24 per share, so at DKK 89.80 the stock looks undervalued (253.3% below 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, Matas A/S scores 56/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.2%; 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 317.24 per share for MATAS.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 237.93. At today's DKK 89.80, that puts the stock about 253.3% below 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.
Matas A/S scores 56 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 6.5% operating margin and a 5.1% 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, Matas A/S pays a regular dividend of about DKK 2.00 per share per year (typically in quarterly installments), a yield of roughly 2.2% at the current price. That is a payout ratio of about 31.3% of earnings, so the dividend is amply covered by earnings. 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 MATAS.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. MATAS.XCSE currently trades below its estimated intrinsic value and scores 56/100 on quality (mixed). It also yields about 2.2%. 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.