Ratios
|
USD |
2010 |
2009 |
2008 |
2007 |
2006 |
|
No. of shares of DKK 1 each (excl. own shares) |
42,075,180 |
42,043,505 |
42,387,394 |
41,897,860 |
43,337,240 |
|
Earnings per share (EPS) (DKK) |
5.8 (33) |
5.2 (28) |
16.7 (85) |
16.5 (90) |
4.0 (24) |
|
Dividend per share, DKK |
8 |
7 |
13 |
35 |
5 |
|
Book value per share (DKK) |
47.5 (267) |
42.9 (223) |
40.1 (212) |
31.3 (159) |
16.4 (93) |
|
Diluted earnings per share (diluted EPS) (DKK) |
5.8 (33) |
5.2 (28) |
16.7(85) |
16.2 (88) |
4.0 (24) |
|
Payout-ratio (excl. treasury shares) 4) |
24.4% |
25.3% |
14.1% |
43.7% |
23.1% |
|
EBITDA ratio |
10.9% |
7.2% |
11.6% |
18.0% |
13.1% |
|
NAV per share (DKK) 2) |
47.4 (266) |
40.5 (210) |
43.0 (227) |
57.3 (291) |
26.6 (151) |
|
Theoretical NAV per share (DKK) 3) |
54.9 (308) |
51.6 (268) |
54.3 (279) |
121.0 (614) |
53.9 (305) |
|
ROE |
12,9% |
12.4% |
47.0% |
69.5 % |
26.7% |
|
ROIC |
17.3% |
15.1% |
89.5% |
101.9% |
34.5% |
|
Equity ratio |
88.8% |
88.8% |
83.3% |
81.5 % |
74.0% |
|
Share price at year-end in DKK |
202.5 |
209.5 |
183.0 |
564.0 |
239.5 |
|
Price/book value |
0.8 |
0.9 |
0.9 |
3.6 |
2.6 |
|
Total No of ship days for the Group |
66,044 |
55,951 |
77,448 |
67,393 |
47,425 |
|
USD rate at year-end |
561.33 |
519.01 |
528.49 |
507.53 |
566.14 |
|
Average USD rate |
562.57 |
535.45 |
509.86 |
544.56 |
594.70 |
The ratios above were computed in accordance with "Recommendations and Ratios 2010" issued by the Danish Association of Financial Analysts except for Theoretical Net Asset Value. Please see definitions in the section “Definitions of key figures and financial ratios” (page 86) in the pdf Annual Report for 2010. The figures are adjusted for the Company’s holding of treasury shares.
2) Excluding purchase options on vessels.
3) Including value of 58 (60) charter parties with extension and purchase option on vessels, declared at the optimum time (before tax). The basis of calculation has been changed in 2009, and 2008 figures have been changed accordingly. Comparative figures for 2006-07 have not been changed. Please see page 45 in the pdf Annual Report for 2010 for a comment on the uncertainty connected with the calculation.
4) The payout ratio was computed based on proposed dividends for the year, including extraordinary dividends paid during the year.
For further description, see note 1 (page 55) to the financial statements, "Significant accounting policies" in the pdf Annual Report for 2010.