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Employees: 231
Size cBrain A/S (CBRAIN.CO) is a Denmark Information Technology company (Packaged Software) with a market value of $332M, the 58th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 113.20 on 6 Nov 2026.
Performance Over six months the shares gained 84.4%, against -6.8% for the median peer and +8.8% for the Denmark market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +14.2%); the operating margin is 24.0% (peer median 10.1%).
Valuation It trades at 39.7× forward earnings against a peer median of 17.6× (2nd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.2 points above its cost of capital (6.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 259M | DKK 251M | DKK 268M | DKK 239M | DKK 188M |
| Revenue growth | — | -6% | +12% | +27% | — |
| Gross profit | DKK 75.0M | DKK 96.2M | DKK 127M | DKK 121M | DKK 93.9M |
| EBITDA | DKK 91.9M | DKK 87.5M | DKK 113M | DKK 107M | DKK 53.2M |
| Net income | DKK 46.9M | DKK 43.1M | DKK 64.8M | DKK 63.2M | DKK 38.4M |
| Free cash flow | n/a | DKK 81.7M | DKK 43.3M | DKK 85.6M | -DKK 143M |
| Capital expenditure | DKK 25.3M | DKK 32.1M | DKK 47.4M | DKK 27.1M | DKK 226M |
| Total debt | n/a | DKK 27.6M | DKK 51.6M | DKK 50.7M | DKK 98.6M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CBRAIN.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +61.7% | -6.8% | highest of 20 |
| 6-month return | +84.4% | -6.8% | highest of 19 |
| Distance from 52-week high | -28.8% | -45.8% | 8th highest of 20 |
| Revenue growth (TTM) | -0.7% | +14.2% | 7th lowest of 21 |
| Operating margin | 24.0% | 10.1% | 6th highest of 20 |
| Forward P/E | 39.7× | 17.6× | 2nd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 11.6% | 5.1% | 5th most demanding of 10 |
| Growth delivered (Del g) | +15.9% | +8.2% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -4.3 pp | -4.8 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | +9.2 pp | -2.4 pp | 3rd highest of 17 |
| EV / EBITDA | 24.0× | 15.0× | 5th most expensive of 11 |
| Net debt / EBITDA | -0.1× | -1.6× | 4th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| cBrain A/S CBRAIN.CO | Denmark | $332M | +84% | -1% | 24% | 39.7× | 11.6% | +15.9% |
| toggle 652A.T | Japan | $331M | n/a | +25% | 9% | n/a | n/a | n/a |
| Reconova Technologies 7656.HK | Hong Kong | $336M | n/a | +12% | -15% | n/a | n/a | n/a |
| COLOPL 3668.T | Japan | $337M | -4% | -13% | 10% | 18.9× | n/a | n/a |
| Wuhan Xingtu Xinke Electronics 688081.SS | China | $337M | -59% | -13% | -49% | n/a | n/a | n/a |
| Sidetrade ALBFR.PA | France | $327M | +24% | +13% | 5% | 30.6× | 33.9% | +16.1% |
| DEAR U 376300.KS | South Korea | $338M | -40% | +20% | 22% | 15.0× | 5.1% | +45.1% |
| Akatsuki 3932.T | Japan | $327M | +29% | +31% | 34% | 6.3× | -13.6% | -3.6% |
| 7Road 0797.HK | Hong Kong | $338M | +83% | +71% | 27% | n/a | n/a | n/a |
| Beijing Infosec Technologies 688201.SS | China | $340M | -9% | +7% | 2% | 42.1× | 56.5% | +5.5% |
| eMudhra EMUDHRA.NS | India | $324M | -31% | +30% | 18% | 22.3× | n/a | n/a |
| SaverOne 2014 Ltd. ADR SVRE | United States | $342M | -85% | -68% | -6,262% | n/a | n/a | n/a |
| Carvolix CVX.PA | France | $342M | +62% | -100% | n/a | n/a | n/a | n/a |
| CELSYS 3663.T | Japan | $344M | +22% | +16% | 36% | 17.6× | 3.4% | +8.2% |
| Hangzhou Yitong New Materials 300930.SZ | China | $345M | -27% | +51% | 7% | n/a | n/a | n/a |
| Stillfront SF.ST | Sweden | $320M | +9% | -12% | 16% | 4.2× | -15.4% | +7.4% |
| Hunan Creator Information Technologies 300730.SZ | China | $346M | -28% | -4% | -53% | n/a | n/a | n/a |
| FFRI Security 3692.T | Japan | $347M | +15% | +28% | 29% | n/a | 34.6% | +21.9% |
| Beijing SunwayWorld Science & Technology 301159.SZ | China | $347M | -23% | +17% | 3% | n/a | 53.6% | +7.0% |
| TDC SOFT 4687.T | Japan | $347M | +19% | +7% | 10% | 13.6× | -4.5% | +12.1% |
| Zengame Technology 2660.HK | Hong Kong | $318M | -15% | +19% | 24% | n/a | n/a | n/a |