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Employees: 8,858
Size Scandinavian Tobacco Group A/S (STG.CO) is a Denmark Consumer Staples company (Tobacco) with a market value of $890M, the 43rd largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 77.00 on 6 Nov 2026.
Performance Over six months the shares gained 10.2%, against -25.1% for the median peer and +8.8% for the Denmark market (cap-weighted) — highest of 6 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median -1.6%); the operating margin is 13.6% (peer median 16.9%).
Valuation It trades at 7.6× forward earnings against a peer median of 17.9× (cheapest of 5).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.8 points above its cost of capital (5.0% WACC).
Credit Scandinavian Tobacco Group A/S has 1 bond outstanding ($334M), rated Baa3 by the agencies and trading like BB- at a weighted spread of 162 bp.
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 8.89B | DKK 9.04B | DKK 9.20B | DKK 8.73B | DKK 8.76B |
| Revenue growth | — | -2% | +5% | 0% | — |
| Gross profit | DKK 2.37B | DKK 2.53B | DKK 2.80B | DKK 2.86B | DKK 3.04B |
| EBITDA | DKK 1.69B | DKK 1.73B | DKK 2.03B | DKK 2.09B | DKK 2.27B |
| Net income | DKK 651M | DKK 669M | DKK 940M | DKK 1.18B | DKK 1.48B |
| Free cash flow | DKK 736M | DKK 609M | DKK 976M | DKK 1.16B | DKK 1.14B |
| Capital expenditure | DKK 178M | DKK 182M | DKK 264M | DKK 308M | DKK 390M |
| Total debt | DKK 5.35B | DKK 5.46B | DKK 5.37B | DKK 3.96B | DKK 3.43B |
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 | STG.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | -3.6% | 3rd highest of 6 |
| 6-month return | +10.2% | -25.1% | highest of 6 |
| Distance from 52-week high | -26.0% | -43.8% | highest of 6 |
| Revenue growth (TTM) | -3.6% | -1.6% | 3rd lowest of 6 |
| Operating margin | 13.6% | 16.9% | 2nd lowest of 6 |
| Forward P/E | 7.6× | 17.9× | cheapest of 5 |
| Growth the price implies (Req g, 7 yrs) | -9.1% | 9.5% | least demanding of 6 |
| Growth delivered (Del g) | +2.4% | +5.7% | lowest of 6 |
| Hurdle (Req g minus delivered) | -11.5 pp | +3.8 pp | 2nd least demanding of 6 |
| ROIC minus cost of capital | +1.8 pp | +3.6 pp | 2nd lowest of 6 |
| EV / EBITDA | 6.6× | 13.1× | 2nd cheapest of 6 |
| Net debt / EBITDA | 3.1× | -0.3× | most indebted of 6 |
| Bond spread | 162 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Scandinavian Tobacco Group A/S STG.CO | Denmark | $890M | +10% | -4% | 14% | 7.6× | -9.1% | +2.4% |
| Turning Point Brands TPB | United States | $1.32B | -29% | +20% | 17% | 71.8× | 11.0% | +2.7% |
| Miquel y Costas & Miquel MCM.MC | Spain | $434M | -29% | -4% | 15% | n/a | -7.7% | +2.7% |
| VST Industries VSTIND.NS | India | $349M | -25% | -2% | 22% | 8.7× | 9.5% | +5.7% |
| China Tobacco International (HK) 6055.HK | Hong Kong | $2.31B | -12% | -20% | 10% | 19.8× | 4.1% | +33.1% |
| Godfrey Phillips India GODFRYPHLP.NS | India | $2.96B | -24% | +1% | 21% | 16.0× | 27.1% | +20.6% |
Scandinavian Tobacco Group A/S has 1 bond outstanding with $334M face value. The agencies rate it Baa3; its bonds trade like BB-. Weighted yield 4.58%, a spread of 162 bp over government bonds.