2025 Q4 -tulosraportti
39 päivää sitten
‧1 t 13 min
1,55 DKK/osake
Viimeisin osinko
0,00%Tuotto/v
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 99 | - | - | ||
| 292 | - | - | ||
| 1 438 | - | - | ||
| 293 | - | - | ||
| 178 | - | - |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| DnB Bank ASA | 59 812 | 59 812 | 0 | 59 812 |
| Danske Bank A/S | 8 330 | 8 330 | 0 | 8 330 |
| Anonyymi | 9 140 895 | 9 140 895 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| DnB Bank ASA | 59 812 | 59 812 | 0 | 59 812 |
| Danske Bank A/S | 8 330 | 8 330 | 0 | 8 330 |
| Anonyymi | 9 140 895 | 9 140 895 | 0 | 0 |
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 7.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 5.2. | ||
2025 Q3 -tulosraportti 6.11.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 | ||
2025 Q1 -tulosraportti 1.5.2025 | ||
Vuosittainen yhtiökokous 2025 12.3.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·1 t sitten · MuokattuHere is my estimate for the market value. Cash start 2025 is 1bn DKK. Debt is 8,5. Cash in from sale 12,5. Lets assume debt is repaid/reduced with 6 bn. Leaves cash EoY at 7. Value of Amplifon shares is 2.5. Value of Nationbenefints is 2. Value of Hearing + gaming is ½ bn FCF at 12 multiple which is 6. Sum of value is 7+2,5+2+6. That is 16,5 bn. That is 110 dkk per share price. Possible upside is 5500 out of 7500 FTE are handed to Amplifon leaving possible lower OPEX and thus increase FCF. Assuming FCF of hearing+game at 0.75 bn and multiple of 15 adds 5 bn to current value. That results in share price of 140. Risk is what they will do with surplus cash. I think share price of 105 is pretty conservative.
·4 t sitten · MuokattuWhat is immediately the shorters' plan? Almost 13% is shorted and it doesn't seem like they are in a hurry🤔 Is it because the deal first needs to be approved, as they will probably initiate a larger share buyback.
·2 t sittenAlmost 13% is by no means necessarily still shorted. Almost 13% was shorted yesterday, Sunday... Everyone here apparently misunderstands how the short reports are made... You have no way of seeing if all the short sellers have pulled out during today... It is the investors who have shorted a stock who must advise Finanstilsynet at the latest on the following trading day if there are changes in their short positions. Finanstilsynet then publishes the short positions to the public. I.e., you cannot know who has pulled out based on today's news before tomorrow, Tuesday, at closing time. So right now there is no basis for trying to guess what the short sellers' plan is. We don't even know what they have done during today.
·4 t sitten · MuokattuBelow, I have attempted to estimate a realistic share price or rather intrinsic value for the GN share after today's divestment of the Hearing division; Based on the 2025 financial figures, GN has now divested Hearing = 48% of their "divisional profit" before development and fixed costs as well as depreciation. See possibly 2025 financial report page 112. The question then is, how large a proportion of these costs can be attributed to Hearing? If they are proportionally distributed among the three business segments, the 2025 pre-tax result with only Enterprise and Gaming would have amounted to 830 mill. DKK or 647 mill. DKK after tax, as financial expenses are assumed to cease going forward when the debt is repaid. If a P/E of 15 (647x15) is set, Enterprise and Gaming can thus collectively be valued at 9.7 billion DKK based on the 2025 financial report. It is important to emphasize that the earnings in Enterprise and especially in Gaming are meager and unsatisfactory. There is thus a basis for significant improvements here. The value of the sale of Hearing as of today is 17 billion DKK minus the group's total debt of approx. 8.6 billion DKK = 8.4 billion DKK. Add to this an estimated value of the ownership stake in NationsBenefit of 2.0 billion DKK. The company's total value can thus be calculated as; 9.7+8.4+2.0 = 20.1 billion DKK/150,912,715 shares = share price 133.
·34 min sittenIt's not because I'm saying your calculation is theoretically completely off, but if you didn't already have shares in GN, would you then think: is this a company I would like to invest in? A company with two business areas with negative growth and not particularly good margins. Would that seem attractive to you? Hearing aids are where GN's great competence lay. An area with a moat and an area with future growth. Now they have some gaming equipment, which they bought far too expensively, and headsets which have seen declining sales for several years. Remember to imagine that it's not a C25 company either.
·6 t sitten · MuokattuGN is 3 things, Hearing-enterprise-gaming: The Gaming division was bought far too expensively in 2022 for 8 billion Hearing had a profit margin of 35.2% and a profit of 671 million in the last quarter Q4 The Enterprise division had a profit margin of 33.3% and a profit of 631 million. The Enterprise division has historically been GN's largest leg, but has had a difficult period in recent years with negative growth, last year at -6% But if the Hearing division is worth 17 billion. And an enterprise division that largely delivers the same bottom line, which the company itself believes is facing better times, would also be worth 15-17 billion today, significantly more in the long term. But overall, that gives a value of 40 billion - the almost 9 billion in debt. Then I get a value of 31 billion+ ownership of their American adventure. Then the share price would be around 210 kr. I'm not so naive to think the share price should be 210 kr in the near future, they need to show they can reverse the negative growth in the enterprise division and the bad sentiment surrounding the stock so it's not a huge short offer. Btw I think the Gaming division still needs to prove its 8 billion kroner worth😅 But I definitely believe they are still undervalued, perhaps even more than I thought last week·24 min sittenIt is absolutely the most unrealistic valuation I have seen of a company.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q4 -tulosraportti
39 päivää sitten
‧1 t 13 min
1,55 DKK/osake
Viimeisin osinko
0,00%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 t sitten · MuokattuHere is my estimate for the market value. Cash start 2025 is 1bn DKK. Debt is 8,5. Cash in from sale 12,5. Lets assume debt is repaid/reduced with 6 bn. Leaves cash EoY at 7. Value of Amplifon shares is 2.5. Value of Nationbenefints is 2. Value of Hearing + gaming is ½ bn FCF at 12 multiple which is 6. Sum of value is 7+2,5+2+6. That is 16,5 bn. That is 110 dkk per share price. Possible upside is 5500 out of 7500 FTE are handed to Amplifon leaving possible lower OPEX and thus increase FCF. Assuming FCF of hearing+game at 0.75 bn and multiple of 15 adds 5 bn to current value. That results in share price of 140. Risk is what they will do with surplus cash. I think share price of 105 is pretty conservative.
- ·4 t sitten · MuokattuWhat is immediately the shorters' plan? Almost 13% is shorted and it doesn't seem like they are in a hurry🤔 Is it because the deal first needs to be approved, as they will probably initiate a larger share buyback.·2 t sittenAlmost 13% is by no means necessarily still shorted. Almost 13% was shorted yesterday, Sunday... Everyone here apparently misunderstands how the short reports are made... You have no way of seeing if all the short sellers have pulled out during today... It is the investors who have shorted a stock who must advise Finanstilsynet at the latest on the following trading day if there are changes in their short positions. Finanstilsynet then publishes the short positions to the public. I.e., you cannot know who has pulled out based on today's news before tomorrow, Tuesday, at closing time. So right now there is no basis for trying to guess what the short sellers' plan is. We don't even know what they have done during today.
- ·4 t sitten · MuokattuBelow, I have attempted to estimate a realistic share price or rather intrinsic value for the GN share after today's divestment of the Hearing division; Based on the 2025 financial figures, GN has now divested Hearing = 48% of their "divisional profit" before development and fixed costs as well as depreciation. See possibly 2025 financial report page 112. The question then is, how large a proportion of these costs can be attributed to Hearing? If they are proportionally distributed among the three business segments, the 2025 pre-tax result with only Enterprise and Gaming would have amounted to 830 mill. DKK or 647 mill. DKK after tax, as financial expenses are assumed to cease going forward when the debt is repaid. If a P/E of 15 (647x15) is set, Enterprise and Gaming can thus collectively be valued at 9.7 billion DKK based on the 2025 financial report. It is important to emphasize that the earnings in Enterprise and especially in Gaming are meager and unsatisfactory. There is thus a basis for significant improvements here. The value of the sale of Hearing as of today is 17 billion DKK minus the group's total debt of approx. 8.6 billion DKK = 8.4 billion DKK. Add to this an estimated value of the ownership stake in NationsBenefit of 2.0 billion DKK. The company's total value can thus be calculated as; 9.7+8.4+2.0 = 20.1 billion DKK/150,912,715 shares = share price 133.·34 min sittenIt's not because I'm saying your calculation is theoretically completely off, but if you didn't already have shares in GN, would you then think: is this a company I would like to invest in? A company with two business areas with negative growth and not particularly good margins. Would that seem attractive to you? Hearing aids are where GN's great competence lay. An area with a moat and an area with future growth. Now they have some gaming equipment, which they bought far too expensively, and headsets which have seen declining sales for several years. Remember to imagine that it's not a C25 company either.
- ·6 t sitten · MuokattuGN is 3 things, Hearing-enterprise-gaming: The Gaming division was bought far too expensively in 2022 for 8 billion Hearing had a profit margin of 35.2% and a profit of 671 million in the last quarter Q4 The Enterprise division had a profit margin of 33.3% and a profit of 631 million. The Enterprise division has historically been GN's largest leg, but has had a difficult period in recent years with negative growth, last year at -6% But if the Hearing division is worth 17 billion. And an enterprise division that largely delivers the same bottom line, which the company itself believes is facing better times, would also be worth 15-17 billion today, significantly more in the long term. But overall, that gives a value of 40 billion - the almost 9 billion in debt. Then I get a value of 31 billion+ ownership of their American adventure. Then the share price would be around 210 kr. I'm not so naive to think the share price should be 210 kr in the near future, they need to show they can reverse the negative growth in the enterprise division and the bad sentiment surrounding the stock so it's not a huge short offer. Btw I think the Gaming division still needs to prove its 8 billion kroner worth😅 But I definitely believe they are still undervalued, perhaps even more than I thought last week·24 min sittenIt is absolutely the most unrealistic valuation I have seen of a company.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 99 | - | - | ||
| 292 | - | - | ||
| 1 438 | - | - | ||
| 293 | - | - | ||
| 178 | - | - |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| DnB Bank ASA | 59 812 | 59 812 | 0 | 59 812 |
| Danske Bank A/S | 8 330 | 8 330 | 0 | 8 330 |
| Anonyymi | 9 140 895 | 9 140 895 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| DnB Bank ASA | 59 812 | 59 812 | 0 | 59 812 |
| Danske Bank A/S | 8 330 | 8 330 | 0 | 8 330 |
| Anonyymi | 9 140 895 | 9 140 895 | 0 | 0 |
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 7.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 5.2. | ||
2025 Q3 -tulosraportti 6.11.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 | ||
2025 Q1 -tulosraportti 1.5.2025 | ||
Vuosittainen yhtiökokous 2025 12.3.2025 |
2025 Q4 -tulosraportti
39 päivää sitten
‧1 t 13 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 7.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 5.2. | ||
2025 Q3 -tulosraportti 6.11.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 | ||
2025 Q1 -tulosraportti 1.5.2025 | ||
Vuosittainen yhtiökokous 2025 12.3.2025 |
1,55 DKK/osake
Viimeisin osinko
0,00%Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 t sitten · MuokattuHere is my estimate for the market value. Cash start 2025 is 1bn DKK. Debt is 8,5. Cash in from sale 12,5. Lets assume debt is repaid/reduced with 6 bn. Leaves cash EoY at 7. Value of Amplifon shares is 2.5. Value of Nationbenefints is 2. Value of Hearing + gaming is ½ bn FCF at 12 multiple which is 6. Sum of value is 7+2,5+2+6. That is 16,5 bn. That is 110 dkk per share price. Possible upside is 5500 out of 7500 FTE are handed to Amplifon leaving possible lower OPEX and thus increase FCF. Assuming FCF of hearing+game at 0.75 bn and multiple of 15 adds 5 bn to current value. That results in share price of 140. Risk is what they will do with surplus cash. I think share price of 105 is pretty conservative.
- ·4 t sitten · MuokattuWhat is immediately the shorters' plan? Almost 13% is shorted and it doesn't seem like they are in a hurry🤔 Is it because the deal first needs to be approved, as they will probably initiate a larger share buyback.·2 t sittenAlmost 13% is by no means necessarily still shorted. Almost 13% was shorted yesterday, Sunday... Everyone here apparently misunderstands how the short reports are made... You have no way of seeing if all the short sellers have pulled out during today... It is the investors who have shorted a stock who must advise Finanstilsynet at the latest on the following trading day if there are changes in their short positions. Finanstilsynet then publishes the short positions to the public. I.e., you cannot know who has pulled out based on today's news before tomorrow, Tuesday, at closing time. So right now there is no basis for trying to guess what the short sellers' plan is. We don't even know what they have done during today.
- ·4 t sitten · MuokattuBelow, I have attempted to estimate a realistic share price or rather intrinsic value for the GN share after today's divestment of the Hearing division; Based on the 2025 financial figures, GN has now divested Hearing = 48% of their "divisional profit" before development and fixed costs as well as depreciation. See possibly 2025 financial report page 112. The question then is, how large a proportion of these costs can be attributed to Hearing? If they are proportionally distributed among the three business segments, the 2025 pre-tax result with only Enterprise and Gaming would have amounted to 830 mill. DKK or 647 mill. DKK after tax, as financial expenses are assumed to cease going forward when the debt is repaid. If a P/E of 15 (647x15) is set, Enterprise and Gaming can thus collectively be valued at 9.7 billion DKK based on the 2025 financial report. It is important to emphasize that the earnings in Enterprise and especially in Gaming are meager and unsatisfactory. There is thus a basis for significant improvements here. The value of the sale of Hearing as of today is 17 billion DKK minus the group's total debt of approx. 8.6 billion DKK = 8.4 billion DKK. Add to this an estimated value of the ownership stake in NationsBenefit of 2.0 billion DKK. The company's total value can thus be calculated as; 9.7+8.4+2.0 = 20.1 billion DKK/150,912,715 shares = share price 133.·34 min sittenIt's not because I'm saying your calculation is theoretically completely off, but if you didn't already have shares in GN, would you then think: is this a company I would like to invest in? A company with two business areas with negative growth and not particularly good margins. Would that seem attractive to you? Hearing aids are where GN's great competence lay. An area with a moat and an area with future growth. Now they have some gaming equipment, which they bought far too expensively, and headsets which have seen declining sales for several years. Remember to imagine that it's not a C25 company either.
- ·6 t sitten · MuokattuGN is 3 things, Hearing-enterprise-gaming: The Gaming division was bought far too expensively in 2022 for 8 billion Hearing had a profit margin of 35.2% and a profit of 671 million in the last quarter Q4 The Enterprise division had a profit margin of 33.3% and a profit of 631 million. The Enterprise division has historically been GN's largest leg, but has had a difficult period in recent years with negative growth, last year at -6% But if the Hearing division is worth 17 billion. And an enterprise division that largely delivers the same bottom line, which the company itself believes is facing better times, would also be worth 15-17 billion today, significantly more in the long term. But overall, that gives a value of 40 billion - the almost 9 billion in debt. Then I get a value of 31 billion+ ownership of their American adventure. Then the share price would be around 210 kr. I'm not so naive to think the share price should be 210 kr in the near future, they need to show they can reverse the negative growth in the enterprise division and the bad sentiment surrounding the stock so it's not a huge short offer. Btw I think the Gaming division still needs to prove its 8 billion kroner worth😅 But I definitely believe they are still undervalued, perhaps even more than I thought last week·24 min sittenIt is absolutely the most unrealistic valuation I have seen of a company.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 99 | - | - | ||
| 292 | - | - | ||
| 1 438 | - | - | ||
| 293 | - | - | ||
| 178 | - | - |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| DnB Bank ASA | 59 812 | 59 812 | 0 | 59 812 |
| Danske Bank A/S | 8 330 | 8 330 | 0 | 8 330 |
| Anonyymi | 9 140 895 | 9 140 895 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| DnB Bank ASA | 59 812 | 59 812 | 0 | 59 812 |
| Danske Bank A/S | 8 330 | 8 330 | 0 | 8 330 |
| Anonyymi | 9 140 895 | 9 140 895 | 0 | 0 |