GN Store Nord Earnings: Business on the Mend
We are maintaining our DKK 270 fair value estimate for narrow-moat GN Store Nord following first-quarter results. The market is responding positively to the results, but the shares remain undervalued.
We are maintaining our DKK 270 fair value estimate for narrow-moat GN Store Nord following first-quarter results. The market is responding positively to the results, but the shares remain undervalued.
GN has historically partnered with big box retailers, whose market share in retail will likely continue to expand.
GN's entrance into emerging markets might not prove ROIC-accretive if volume is not meaningful enough to overcome capital investments (retail presence overcoming nonusage of hearing aids).
Metric
|
GN
|
PHIA
|
SOON
|
---|---|---|---|
Price/Earnings (Normalized) | 26.79 | 19.73 | 22.45 |
Price/Book Value | 2.97 | 1.90 | 7.56 |
Price/Sales | 1.60 | 1.33 | 4.39 |
Price/Cash Flow | 11.35 | 27.77 | 20.77 |
Metric
|
GN
|
PHIA
|
SOON
|
---|---|---|---|
Quick Ratio | 0.41 | 0.74 | 0.76 |
Current Ratio | 0.59 | 1.20 | 1.29 |
Interest Coverage | 3.99 | −1.60 | 29.18 |
Metric
|
GN
|
PHIA
|
SOON
|
---|---|---|---|
Return on Assets (Normalized) | 1.71% | — | 11.96% |
Return on Equity (Normalized) | 5.73% | — | 30.61% |
Return on Invested Capital (Normalized) | 3.07% | — | 22.85% |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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