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Ratios

 

USD

2009 

2008 

2007

2006

2005

No. of shares of DKK 1 each (excl. own shares)

42,043,505

42,387,394

41,897,860

43,337,240

43,239,700

Profit per share (DKK)

5.2 (28)

16.7 (85)

16.8 (91)

4.1 (24)

7.8 (47)

Dividend per share, DKK

7

13

35

5

10

Intrinsic value per share (book value) (DKK)

42.9 (223)

40.1 (212)

31.3 (159)

16.4 (93)

14.1 (89)

Earnings per share (EPS) (DKK)

5.2 (28)

16.7 (85)

16.5 (90)

4.0 (24)

7.6 (46)

Diluted earnings per share (diluted EPS) (DKK)

5.2 (28)

16.7(85)

16.2 (88)

4.0 (24)

7.6 (46)

Payout-ratio (excl. treasury shares) (3)

 25.3%

14.1%

43.7%

23.1%

21.7%

EBITDA ratio

7.5%

11.9%

18.3%

13.5%

16.7%

NAV per share (DKK) (1)

 40.5 (210)

43.0 (227)

57.3 (291)

26.6 (151)

19.8 (125)

Theoretical NAV per share (DKK) (2)

51.6 (268)

54.3(279)

121.0 (614)

53.9 (305)

32.1 (203)

ROE

12.4%

47.0%

69.5 %

26.7%

71.0%

ROIC

15.1%

89.5%

101.9%

34.5%

90.1%

Equity ratio

 88.8%

83.3%

81.5 %

74.0%

74.1%

Share price at year-end in DKK

 209.5

183.0

564.0

239.5

147.9

Price/intrinsic value

 0.9

0.9

3.6

2.6

1.7

Total No of ship days for the Group

55,951

77,448

67,393

47,425

44,738

USD rate at year-end

519.01

528.49

507.53

566.14

632.41

Average USD rate

 535.45

509.86

 544.56

594.70

600.34


The ratios above were computed in accordance with the 2005 guidelines issued by the Danish Association of Financial Analysts, entitled "Anbefalinger og nøgletal 2005" except of Theoretical Net Asset Value. For definitions please see section "Definitions of key figures and financial ratios" (page 98) in the Annual Report for 2009 (1.72 Mb) The figures are adjusted for the Company's holding of treasury shares. 

(1) Excluding purchase options on vessels. 
(2) Including value of 60 (68) charter parties with extension and purchase option on vessels, declared at the optimum time (before tax). The basis of calculation has been changed, and 2008 figures have been changed accordingly. Comparative figures for 2005-07 have not been changed. Please see page 45 in the Annual Report for 2009 (1.72 Mb) for a comment on the uncertainty connected with the calculation.
(3) The payout-ratio was computed based on proposed dividends for the year, including extraordinary dividends paid during the year.

Produced by Adapt A/S