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Danish manufacturer of power cables, especially high-voltage cables for offshore wind and grid interconnection.
Danish manufacturer of power cables, especially high-voltage cables for offshore wind and grid interconnection.
Wins multi-year turnkey contracts to make and install cables for offshore wind farms and grid links, recognising income as work progresses, so the order backlog and available factory slots determine results. Subsea and land high-voltage cables carry the business, with a smaller low-voltage line. It has been spending heavily on new plant, including in Karlskrona, Sweden, and on an installation vessel.
Moat: narrow (scale, process know-how, installed base). Few global players can manufacture and lay long-distance high-voltage submarine cables.
Headquarters: Brondby, Denmark · Founded: 1891 · Employees: 6,627
Size Nkt A/s (NKT.CO) is a Denmark Industrials company (Electrical Products) with a market value of $6.73B, the 19th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 840.00 on 6 Nov 2026.
Performance Over six months the shares fell 14.7%, against -18.8% for the median peer and +8.8% for the Denmark market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +25.9%); the operating margin is 7.4% (peer median 14.1%).
Valuation It trades at 26.4× forward earnings against a peer median of 19.7× (7th most expensive of 20).
Capital Return on invested capital runs 7.5 points above its cost of capital (5.0% WACC).
Credit Nkt A/s has 1 bond outstanding ($167M).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 26.8B | DKK 26.6B | DKK 24.3B | DKK 19.1B | DKK 15.5B |
| Revenue growth | — | +10% | +27% | +24% | — |
| Gross profit | DKK 1.89B | DKK 1.94B | DKK 1.79B | DKK 1.25B | DKK 497M |
| EBITDA | DKK 3.02B | DKK 2.84B | DKK 2.51B | DKK 1.84B | DKK 1.07B |
| Net income | DKK 2.00B | DKK 1.97B | DKK 1.63B | DKK 845M | DKK 341M |
| Free cash flow | -DKK 414M | -DKK 1.46B | DKK 4.27B | DKK 2.52B | DKK 1.06B |
| Capital expenditure | DKK 4.87B | DKK 5.55B | DKK 3.69B | DKK 1.77B | DKK 1.42B |
| Total debt | DKK 3.06B | DKK 3.03B | DKK 2.93B | DKK 2.70B | DKK 2.60B |
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 |
|---|---|---|---|---|---|---|
| Nkt A/s NKT.CO | $6.73B | -15% | +2% | 7% | 26.4× | n/a |
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
| Nexans NEX.PA | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% |
| Sumitomo Electric Industries 5802.T | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% |
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 | NKT.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.8% | -13.5% | 8th highest of 21 |
| 6-month return | -14.7% | -18.8% | 11th highest of 21 |
| Distance from 52-week high | -26.0% | -46.2% | 4th highest of 21 |
| Revenue growth (TTM) | +2.0% | +25.9% | 3rd lowest of 21 |
| Operating margin | 7.4% | 14.1% | 6th lowest of 21 |
| Forward P/E | 26.4× | 19.7× | 7th most expensive of 20 |
| ROIC minus cost of capital | +7.5 pp | +0.5 pp | 5th highest of 21 |
| EV / EBITDA | 13.7× | 13.7× | 4th cheapest of 8 |
| Net debt / EBITDA | -1.1× | 0.8× | least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| Ecopro BM 247540.KS | South Korea | $6.53B | -60% | -4% | 6% | 965.8× | n/a | n/a |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| Nexans NEX.PA | France | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% | +5.5% |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Gates Industrial GTES | United States | $6.05B | -8% | +4% | 16% | 12.8× | 9.7% | +4.3% |
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Zhuzhou CRRC Times Electric 688187.SS | China | $7.80B | -3% | +12% | 14% | 14.6× | n/a | n/a |
| Hongfa Technology 600885.SS | China | $7.81B | +8% | +34% | 14% | 22.9× | 9.0% | +17.2% |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Zhejiang Chint Electrics 601877.SS | China | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% | +12.1% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |
Nkt A/s has 1 bond outstanding with $167M face value.