Loading…
Danish facility services company providing cleaning, catering, security and workplace management.
Danish facility services company providing cleaning, catering, security and workplace management.
Signs multi-year service contracts under which it takes over cleaning, catering, security and building upkeep for a client and bills a fee, so profit depends on managing wage costs, most of its expense, against the contract price. Bundling several services into one integrated contract is the aim, since it makes the relationship stickier. It has sold operations in many countries in recent years.
Moat: none (scale, distribution). Large integrated facility-services provider but a low-differentiation, labor-intensive business.
Headquarters: Copenhagen, Denmark · Founded: 1901 · Employees: 326,528
Size Iss A/s (ISS.CO) is a Denmark Industrials company (Miscellaneous Commercial Services) with a market value of $7.08B, the 18th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 297.00 on 6 Nov 2026.
Performance Over six months the shares gained 12.9%, against +6.0% for the median peer and +8.8% for the Denmark market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +5.3%); the operating margin is 5.0% (peer median 13.1%).
Valuation It trades at 15.3× forward earnings against a peer median of 14.5× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.5 points above its cost of capital (5.0% WACC).
Credit Iss A/s has 3 bonds outstanding ($2.06B), rated BBB by the agencies and trading like BBB at a weighted spread of 105 bp.
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 87.8B | DKK 84.7B | DKK 83.8B | DKK 78.7B | DKK 73.8B |
| Revenue growth | — | +1% | +6% | +7% | — |
| Gross profit | DKK 4.40B | DKK 4.07B | DKK 4.05B | DKK 3.21B | DKK 2.73B |
| EBITDA | DKK 6.09B | DKK 5.72B | DKK 5.61B | DKK 4.70B | DKK 4.21B |
| Net income | DKK 2.79B | DKK 2.60B | DKK 2.63B | DKK 279M | DKK 2.06B |
| Free cash flow | DKK 4.48B | DKK 3.32B | DKK 3.09B | DKK 2.67B | DKK 2.52B |
| Capital expenditure | DKK 673M | DKK 854M | DKK 634M | DKK 719M | DKK 809M |
| Total debt | n/a | DKK 15.1B | DKK 18.3B | DKK 16.7B | DKK 16.8B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Iss A/s ISS.CO | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% |
| Sodexo SW.PA | $9.91B | +28% | 0% | 3% | 17.7× | 6.0% |
| Compass COMP | $7.84B | +17% | +68% | 0% | n/a | n/a |
| Elis ELIS.PA | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% |
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 | ISS.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | +8.9% | 4th lowest of 20 |
| 6-month return | +12.9% | +6.0% | 8th highest of 20 |
| Distance from 52-week high | -2.7% | -14.0% | highest of 21 |
| Revenue growth (TTM) | +3.6% | +5.3% | 10th lowest of 21 |
| Operating margin | 5.0% | 13.1% | 2nd lowest of 21 |
| Forward P/E | 15.3× | 14.5× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -6.1% | 4.7% | 6th least demanding of 21 |
| Growth delivered (Del g) | +3.7% | +12.8% | 2nd lowest of 21 |
| Hurdle (Req g minus delivered) | -9.7 pp | -12.0 pp | 10th most demanding of 21 |
| ROIC minus cost of capital | +8.5 pp | +4.2 pp | 6th highest of 17 |
| EV / EBITDA | 10.4× | 9.7× | 8th most expensive of 19 |
| Net debt / EBITDA | 2.6× | 2.2× | 4th most indebted of 19 |
| Bond spread | 105 bp | 110 bp | 5th tightest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Iss A/s ISS.CO | Denmark | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% | +3.7% |
| Genpact G | United States | $7.07B | +30% | +7% | 16% | 9.9× | -7.5% | +6.5% |
| Airtel Mobile Commerce AMC.L | United Kingdom | $7.05B | n/a | +30% | 48% | n/a | 11.5% | +30.3% |
| ALS ALQ.AX | Australia | $7.40B | -3% | +11% | 17% | 23.6× | 23.0% | +13.5% |
| Edenred EDEN.PA | France | $6.52B | +15% | +3% | 30% | 12.0× | -8.0% | +13.9% |
| Elis ELIS.PA | France | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% | +11.3% |
| Nexi NEXI.MI | Italy | $5.93B | +18% | +1% | 13% | 7.0× | 1.5% | +30.5% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Spie SPIE.PA | France | $8.64B | -8% | +3% | 6% | 14.5× | 8.6% | +9.3% |
| CAE CAE.TO | Canada | $8.67B | +3% | +5% | 13% | 29.5× | 13.2% | +10.5% |
| Reply REY.MI | Italy | $5.46B | +41% | +6% | 13% | 17.0× | 2.9% | +14.4% |
| Securitas SECU-B.ST | Sweden | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% | +7.5% |
| FTI Consulting FCN | United States | $5.33B | +19% | +8% | 10% | 18.7× | -3.6% | +9.0% |
| Booz Allen Hamilton BAH | United States | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% | +7.4% |
| Aalberts AALB.AS | Netherlands | $4.87B | +6% | 0% | 10% | 14.6× | 12.9% | +3.4% |
| L&T Technology Services LTTS.NS | India | $4.79B | +13% | +2% | 15% | 29.4× | 31.0% | +15.1% |
| Dizal Pharmaceutical 688192.SS | China | $4.68B | +18% | +720% | 69% | 9.5× | -8.4% | +95.9% |
| Teleperformance TEP.PA | France | $4.60B | +3% | -3% | 10% | 5.0× | -10.2% | +12.2% |
| Brink's BCO | United States | $4.54B | +3% | +7% | 10% | 11.8× | 0.1% | +7.3% |
| Baycurrent 6532.T | Japan | $11.2B | +132% | +32% | 33% | 35.6× | 6.4% | +28.2% |
| Rentokil Initial RTO.L | United Kingdom | $11.9B | -26% | 0% | 14% | 16.9× | 8.2% | +13.4% |
Iss A/s has 3 bonds outstanding with $2.06B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 4.04%, a spread of 105 bp over government bonds.