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Builds and operates large digital IT platforms mainly for government and public-sector clients in Northern Europe.
Builds and operates large digital IT platforms mainly for government and public-sector clients in Northern Europe.
Often wins a government contract, builds the system, then operates and extends it for years, so one project turns into recurring work on the same platform. It uses lower-cost delivery centres abroad, such as Vietnam, to build for northern European clients.
Moat: narrow (switching costs, installed base, regulatory licence). Long-term, mission-critical government IT contracts are sticky and hard for clients to re-tender quickly.
Headquarters: Copenhagen, Denmark · Founded: 2000 · Employees: 7,942
Size Netcompany Group A/S (NETC.CO) is a Denmark Information Technology company (Information Technology Services) with a market value of $2.44B, the 31st largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 352.40 on 6 Nov 2026.
Performance Over six months the shares gained 0.5%, against -12.2% for the median peer and +8.8% for the Denmark market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 29.8% over the last twelve months (peer median +9.5%); the operating margin is 11.1% (peer median 8.9%).
Valuation It trades at 20.4× forward earnings against a peer median of 31.8× (7th cheapest of 19).
Capital Return on invested capital runs 4.7 points above its cost of capital (5.4% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 9.48B | DKK 7.89B | DKK 6.54B | DKK 6.08B | DKK 5.54B |
| Revenue growth | — | +21% | +8% | +10% | — |
| Gross profit | DKK 2.17B | DKK 1.86B | DKK 1.62B | DKK 1.40B | DKK 1.52B |
| EBITDA | DKK 1.47B | DKK 1.27B | DKK 1.10B | DKK 901M | DKK 1.11B |
| Net income | DKK 665M | DKK 257M | DKK 470M | DKK 304M | DKK 603M |
| Free cash flow | -DKK 246M | DKK 478M | DKK 912M | DKK 660M | DKK 721M |
| Capital expenditure | DKK 318M | DKK 227M | DKK 146M | DKK 206M | DKK 170M |
| Total debt | DKK 4.61B | DKK 3.64B | DKK 2.46B | DKK 2.61B | DKK 2.19B |
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 |
|---|---|---|---|---|---|---|
| Netcompany Group A/S NETC.CO | $2.44B | +1% | +30% | 11% | 20.4× | n/a |
| Capgemini CAP.PA | $24.1B | +31% | +6% | 11% | 10.4× | -0.1% |
| Atos ATO.PA | $555M | -35% | -14% | 6% | n/a | n/a |
| Tieto TIETO.HE | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% |
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 | NETC.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.9% | -0.8% | 6th highest of 21 |
| 6-month return | +0.5% | -12.2% | 7th highest of 21 |
| Distance from 52-week high | -12.9% | -34.7% | 3rd highest of 21 |
| Revenue growth (TTM) | +29.8% | +9.5% | 2nd highest of 21 |
| Operating margin | 11.1% | 8.9% | 10th highest of 21 |
| Forward P/E | 20.4× | 31.8× | 7th cheapest of 19 |
| ROIC minus cost of capital | +4.7 pp | +5.7 pp | 9th lowest of 18 |
| EV / EBITDA | 14.2× | 14.2× | 5th cheapest of 9 |
| Net debt / EBITDA | 3.1× | 0.9× | 2nd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Netcompany Group A/S NETC.CO | Denmark | $2.44B | +1% | +30% | 11% | 20.4× | n/a | n/a |
| Beijing Ultrapower Software 300002.SZ | China | $2.43B | -14% | +9% | 15% | 20.4× | 4.2% | +10.2% |
| OVH Groupe OVH.PA | France | $2.41B | +17% | +6% | 38% | 46.6× | n/a | n/a |
| HMS Networks HMS.ST | Sweden | $2.41B | -17% | +15% | 27% | 31.9× | 14.3% | +19.5% |
| Tata Elxsi TATAELXSI.NS | India | $2.52B | -10% | +10% | 20% | 32.7× | 25.3% | +15.5% |
| Fastly FSLY | United States | $2.52B | -23% | +20% | -12% | 24.4× | 37.8% | +16.5% |
| Hangzhou Turbine Power 300277.SZ | China | $2.57B | -37% | +1,784% | 3% | 33.2× | 36.4% | -10.7% |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% | -7.8% |
| Hand Enterprise Solutions 300170.SZ | China | $2.24B | -26% | +7% | 6% | 48.8× | 27.4% | +6.5% |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% | +2.2% |
| Shanghai AtHub 603881.SS | China | $2.66B | -33% | -5% | 16% | 101.4× | 16.9% | +13.6% |
| Shanghai Sunmi Technology 6810.HK | Hong Kong | $2.70B | -10% | +10% | 7% | n/a | n/a | n/a |
| Runjian 002929.SZ | China | $2.71B | +6% | -11% | 0% | 49.7× | n/a | n/a |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% | +8.8% |
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | n/a | 26.0% | +3.6% |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 8.0× | -1.2% | +24.7% |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 16.6× | n/a | n/a |
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% | -1.1% |
| GMO Internet 9449.T | Japan | $1.94B | -4% | +6% | 21% | 13.4× | n/a | n/a |
| Kainos KNOS.L | United Kingdom | $1.92B | +57% | +17% | 11% | 23.2× | 21.7% | +12.9% |
| Computer Age Management Services CAMS.NS | India | $1.87B | -15% | +9% | 39% | 32.3× | n/a | n/a |