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Copenhagen Capital A/S (CPHCAP-ST) Fair Value & Analysis

Real Estate · DK · Market cap 370M DKK (≈ $57.5M) · ISIN DK0060093607

What is Copenhagen Capital A/S really worth?

CC Copenhagen Capital A/S CPHCAP-ST · CO
Pricekr 7.50
Fair Valuekr 7.74
Upside+3.2%
Quality67/100

A solid business, currently priced close to our fair value of kr 7.74.

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Strengths

Highly profitable · 182.2% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/14)

Risks

!Mixed Growth (revenue 5y +9.0 %/yr)
!Moderate moat 49/100
!The models disagree: range kr 5.81 to kr 18.50
!Weak on dividend: 13 out of 100

For context

·0.67% dividend yield
Evidence: High Range kr 5.81 – kr 18.50

Fair value as of: Aug 30, 2026

From 15 valuation models · updated 6 days ago

Share price +2.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (kr 5.81 to kr 18.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

kr 9.49 kr 4.32 Fair Value kr 7.74 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range kr 4.32 – kr 9.49 · fair‑value band kr 5.81 – kr 18.50 · the kr 7.50 price screens below the kr 7.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Copenhagen Capital A/S (CPHCAP-ST) currently trades at kr 7.50, while our model-based Fair Value estimate is kr 7.74, implying the stock looks roughly 3.1% fairly valued today. The Quality Score stands at 67/100 (solid quality), in the Real Estate sector. Bull case: the Economic Profit group reads highest at a median of kr 13.53 per share, and 4 of the 11 models we run sit above the kr 7.50 price. Bear case: the Dividend Discount group reads lowest at kr 1.86, and 7 of the 11 models stay below the price. Evidence for this calculation is high.

Trailing-twelve-month revenue stands at 58.4M DKK. Revenue grew 27.9% year over year. It earns a return on equity of 16.3%. Net debt stands at 723M DKK. Fundamentals as of Aug 30, 2026

Our scenario range runs from kr 5.81 (bear case) to kr 18.50 (bull case); at kr 7.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at 3%, CPHCAP-ST screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.7647 per share, which is 9.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF kr 11.66 74
Growth DCF kr 0.4900 kr 10.35 73
5Y EBITDA Exit kr 3.60 kr 19.00 69
All 15 models by family
DCF Models
FCF DCF kr 11.66 74
5Y Revenue Exit kr 8.06 67
5Y EBITDA Exit kr 3.60 kr 19.00 69
10Y Revenue Exit kr 1.51 kr 6.40 62
10Y EBITDA Exit kr 7.16 kr 27.40 63
Dividend Discount
Gordon GGM kr 1.13 kr 2.04 kr 2.81 65
DDM Multi-Stage kr 1.13 kr 1.86 kr 2.18 65
Multiples
P/S Multiple kr 5.81 kr 7.74 kr 9.68 58
P/B Multiple kr 17.82 kr 23.76 kr 29.70 55
EV/EBIT kr 3.57 kr 8.06 61
EV/EBITDA kr 2.97 62
Asset-Based
NCAV (Graham) kr 5.94 kr 7.96 kr 11.88 54
Growth DCF
Growth DCF kr 0.4900 kr 10.35 73
Rev-Margin DCF kr 11.37 67
Economic Profit
Residual Income kr 10.98 kr 13.53 kr 32.98 67

Widest divergence: Economic Profit (kr 13.53) versus Growth DCF (kr 0.4900). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/E ratio 4.2
P/S ratio 6.08 P/E × margin
EPS (TTM) kr 1.78 price ÷ EPS = P/E 4.2
Dividend yield 0.7% payout 2.8%
Net margin 144% FY2025
Return on equity 22.3% TTM
More key figures
Profitability
Return on assets (EBIT) 2.7% avg 5y
Operating margin 74.3% TTM
Growth
Revenue (TTM) 67.0M DKK TTM
Revenue growth (YoY) +32.7% 3y avg +10.7%
EPS growth (YoY) +333%
Balance sheet & cash flow
Free cash flow 33.1M DKK FY2025
Net debt 723M DKK FY2025 · ≈ 21.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 63 · Market factors (momentum, volatility) 66

Profitability 42
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Copenhagen Capital A/S is a real estate investment firm. The firm seeks to make direct and indirect investments based on thorough analyses of the property's location and condition. It primarily focuses to invest in the Greater Copenhagen area. Copenhagen Capital A/S is based in Hellerup, Denmark.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Copenhagen Capital A/S reported revenue of 58.4M DKK in FY2025 versus 36.1M DKK in FY2021, a compound +12.8%/yr. Reported net income was 84.2M DKK in FY2025, compounding −13.9%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
58.4M DKK
Latest YoY
+17.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Avg. revenue growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+3.4% (2.7 + 0.7)
Revenue +12.8%/yr
FY21 36.1M DKK
FY22 43.0M DKK
FY23 47.2M DKK
FY24 49.6M DKK
FY25 58.4M DKK
Net income −13.9%/yr
FY21 153M DKK
FY22 107M DKK
FY23 −76.8M DKK
FY24 7.3M DKK
FY25 84.2M DKK
Character of growth · EPS growth decomposed (2014-2025) +7.1 % p.a.
Revenue per share +12.0 %

of which total revenue +23.0 % · buybacks/dilution −9.0 %

EBIT margin −3.4 %
Tax rate −1.9 %
Residual (interest, one-offs) +0.9 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Copenhagen Capital A/S Fair Value". https://www.fairvalue-calculator.com/stock/CPHCAP-ST

Peer Group

Real Estate Services · 523 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside +3% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 182% · Top 25%
Operating margin (TTM) 74% · Top 25%
Revenue growth 33% · Top 25%
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 1.22× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 4.2× · Cheaper than 75% of peers
P/B 0.64× · Cheaper than median
P/S (TTM) 5.52× · Pricier than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 22.1× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE38 · sector 30
FUTURE100 · sector 11
PAST89 · sector 17
HEALTH39 · sector 84
DIVIDEND13 · sector 63

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $148.74 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.66 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 4,040 CLP 4,571 CLP +13%

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Frequently asked questions

Is Copenhagen Capital A/S (CPHCAP-ST) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of kr 7.74 versus a price of kr 7.50, about +3% upside (fairly valued).
What is the fair value of CPHCAP-ST?
Our model-based fair value for Copenhagen Capital A/S is kr 7.74 (as of Aug 30, 2026), built from audited fundamentals. The current price: kr 7.50.
What is the quality score of CPHCAP-ST?
Copenhagen Capital A/S has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Copenhagen Capital A/S (CPHCAP-ST)?
Copenhagen Capital A/S reported trailing-twelve-month revenue of about 58.4M DKK (latest available figure, as of Aug 30, 2026).
What is the net profit margin of CPHCAP-ST?
The net profit margin of Copenhagen Capital A/S is about 144.1%, meaning it keeps roughly 144.1% of revenue as net income. Based on the latest reported figures.
Does Copenhagen Capital A/S pay a dividend?
Copenhagen Capital A/S currently shows a dividend yield of about 0.67% relative to its recent price (as of Aug 30, 2026).
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