Iss A

ISS A/S maintains a leveraged capital structure with a debt-to-equity ratio of 1.54 and a current ratio of 0.73, indicating reliance on short-term liabilities to fund operations. The company holds DKK 1.71 billion in cash against DKK 15.08 billion in long-term debt, resulting in a net cash position that is negative after subtracting total debt. Operating cash flow stands at DKK 3.99 billion, providing coverage for the DKK 667 million in capital expenditures and yielding DKK 3.06 billion in free cash flow. The market capitalization is DKK 46.46 billion, trading at a price-to-book multiple of 4.75.

Profitability metrics show a return on equity of 26.63% and a return on assets of 5.71%, driven by an operating income of DKK 4.03 billion on DKK 84.68 billion in revenue. The gross profit margin is approximately 91.5%, reflecting the service-intensive nature of the business where direct costs are managed through labor and subcontracting efficiencies. The net income of DKK 2.60 billion results in a net margin of roughly 3.1%, consistent with the low-margin, high-volume model typical of facility services. The enterprise value to EBITDA multiple of 14.86 suggests the market prices the company at a premium relative to its earnings power, while the EV-to-revenue ratio of 0.71 indicates a valuation anchored in top-line scale.

Iss A generated DKK 84.7 billion in revenue for fiscal year 2026, demonstrating consistent top-line growth over the four-year period.

Free cash flow reached DKK 3.1 billion in fiscal 2025, reflecting strong cash generation capabilities despite recent fluctuations.

Iss A maintains an above-median cash conversion ratio of 1.53 compared to the cohort median of 1.18.

Analysts maintain a buy recommendation with a median price target of DKK 267.50, indicating professional confidence in the stock.

Iss A carries a high debt-to-equity ratio of 1.54, placing it in the bottom quartile of its peer cohort.

The company faces medium liquidity risk and medium credit risk, highlighting potential financial stability concerns.

Free cash flow declined by 2.5% year-over-year to DKK 3.1 billion in fiscal 2026, signaling weakening cash generation.

Revenue kr 21.93B, +4,8% YoY.

• ▍Revenue kr 21.93B, +4,8% YoY

Revenue kr 20.70B, +2,1% YoY.

• ▍Revenue kr 20.70B, +2,1% YoY

Revenue kr 20.93B.

• ▍Revenue kr 20.93B

Revenue kr 20.27B.

• ▍Revenue kr 20.27B

Revenue kr 84.68B, +1,1% YoY; Operating income +1,3% YoY.

• ▍Revenue kr 84.68B, +1,1% YoY
• ▍Operating income +1,3% YoY
• ▍Net income +0,8% YoY
• ▍Free cash flow −2,5% YoY
• ▍Net margin 3.1%

Revenue kr 83.76B, +6,5% YoY; Operating income +23,3% YoY.

• ▍Revenue kr 83.76B, +6,5% YoY
• ▍Operating income +23,3% YoY
• ▍Net income +825,1% YoY
• ▍Free cash flow +30,9% YoY
• ▍Net margin 3.1%

Revenue kr 78.68B, +6,6% YoY; Operating income +6,0% YoY.

• ▍Revenue kr 78.68B, +6,6% YoY
• ▍Operating income +6,0% YoY
• ▍Net income −86,4% YoY
• ▍Free cash flow −15,6% YoY
• ▍Net margin 0.4%

Revenue kr 73.84B, +3,5% YoY; Operating income +78,8% YoY.

• ▍Revenue kr 73.84B, +3,5% YoY
• ▍Operating income +78,8% YoY
• ▍Net income +234,6% YoY
• ▍Free cash flow +77,3% YoY
• ▍Net margin 2.8%

Revenue kr 71.36B; Operating income kr 1.70B.

• ▍Revenue kr 71.36B
• ▍Operating income kr 1.70B
• ▍Net margin 0.9%