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Employees: 2,766
Size SP Group A/S (SPG.CO) is a Denmark Materials company (Industrial Specialties) with a market value of $788M, the 44th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 461.00 on 6 Nov 2026.
Performance Over six months the shares gained 17.0%, against -29.2% for the median peer and +8.8% for the Denmark market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 18.2% over the last twelve months (peer median +4.7%); the operating margin is 14.1% (peer median 4.5%).
Valuation It trades at 13.5× forward earnings against a peer median of 22.9× (3rd cheapest of 16).
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 +6%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.9 points above its cost of capital (5.7% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 3.43B | DKK 2.95B | DKK 2.92B | DKK 2.61B | DKK 2.66B |
| Revenue growth | — | +1% | +12% | -2% | — |
| Gross profit | DKK 1.68B | DKK 629M | DKK 584M | DKK 364M | DKK 407M |
| EBITDA | DKK 701M | DKK 585M | DKK 575M | DKK 432M | DKK 471M |
| Net income | DKK 333M | DKK 265M | DKK 261M | DKK 159M | DKK 213M |
| Free cash flow | DKK 276M | DKK 211M | DKK 335M | DKK 177M | DKK 50.5M |
| Capital expenditure | DKK 180M | DKK 183M | DKK 181M | DKK 189M | DKK 229M |
| Total debt | DKK 412M | DKK 1.58B | DKK 978M | DKK 1.11B | DKK 1.20B |
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 | SPG.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.8% | -10.3% | 3rd highest of 21 |
| 6-month return | +17.0% | -29.2% | 2nd highest of 21 |
| Distance from 52-week high | -7.2% | -52.2% | highest of 21 |
| Revenue growth (TTM) | +18.2% | +4.7% | 4th highest of 21 |
| Operating margin | 14.1% | 4.5% | 4th highest of 21 |
| Forward P/E | 13.5× | 22.9× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -6.2% | 10.3% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +6.2% | +8.6% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -12.5 pp | +4.3 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +11.9 pp | -4.3 pp | highest of 21 |
| EV / EBITDA | 7.9× | 11.5× | 4th cheapest of 9 |
| Net debt / EBITDA | 0.3× | 0.9× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SP Group A/S SPG.CO | Denmark | $788M | +17% | +18% | 14% | 13.5× | -6.2% | +6.2% |
| Jiangxi Black Cat Carbon Black 002068.SZ | China | $795M | -22% | +1% | -4% | 30.8× | n/a | n/a |
| Jiangsu Favored Nanotechnology 688371.SS | China | $797M | -34% | -7% | -29% | 18.1× | n/a | n/a |
| Shandong Jinjing Science & Technology 600586.SS | China | $806M | -35% | -23% | -23% | 31.6× | 0.5% | -1.3% |
| Jiangsu Canlon Building Materials 300715.SZ | China | $770M | -1% | +3% | -2% | 52.6× | 33.6% | +3.8% |
| Toyo Tanso 5310.T | Japan | $765M | -5% | -8% | 10% | 22.9× | n/a | n/a |
| Hubei Huitian New Materials 300041.SZ | China | $820M | -13% | +15% | 6% | 19.3× | 10.3% | +15.5% |
| Suzhou Xinguangyi Electronics 301687.SZ | China | $831M | -34% | +7% | 19% | n/a | 42.9% | +11.3% |
| Shenma Industry 600810.SS | China | $838M | -33% | -9% | 0% | 28.6× | 9.7% | +7.1% |
| ZETTA 002256.SZ | China | $843M | -40% | +25% | -5% | n/a | n/a | n/a |
| Chengdu Guibao Science and Technology 300019.SZ | China | $737M | -29% | +9% | 6% | 20.0× | n/a | n/a |
| Sakata Inx 4633.T | Japan | $732M | +8% | +9% | 6% | 10.7× | -4.0% | +9.8% |
| Kama KAMAHOLD.NS | India | $725M | -19% | +13% | 19% | n/a | -17.3% | +13.5% |
| Shanghai Xinpeng Industry 002328.SZ | China | $723M | -39% | -23% | 2% | n/a | 14.7% | -2.0% |
| TOCALO 3433.T | Japan | $864M | -26% | +6% | 23% | 11.8× | n/a | n/a |
| Shandong Ruifeng Chemical 300243.SZ | China | $715M | -19% | +2% | 5% | 31.6× | 35.4% | +8.6% |
| Mattr MATR.TO | Canada | $879M | +108% | +25% | 7% | 15.6× | 5.8% | +1.5% |
| Shenzhen Cotran Industrial Material 300731.SZ | China | $707M | -47% | -1% | -1% | 127.7× | n/a | n/a |
| Shanghai Smith Adhesive New Material 603683.SS | China | $706M | -43% | +19% | 4% | n/a | 33.2% | +16.0% |
| Hainan Development Holdings Nanhai 002163.SZ | China | $892M | -44% | -9% | -3% | 37.0× | n/a | n/a |
| Jiangxi Guotai 603977.SS | China | $914M | -29% | +15% | 9% | 14.2× | n/a | n/a |