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Demant A/S
Buy, Hold or Sell?

Let's analyse Demant together

PenkeI guess you are interested in Demant A/S. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Demant A/S. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Demant (30 sec.)










What can you expect buying and holding a share of Demant? (30 sec.)

How much money do you get?

How much money do you get?
kr0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
kr42.34
Expected worth in 1 year
kr60.16
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
kr17.82
Return On Investment
5.2%

For what price can you sell your share?

Current Price per Share
kr343.00
Expected price per share
kr303.90 - kr373.50
How sure are you?
50%

1. Valuation of Demant (5 min.)




Live pricePrice per Share (EOD)

kr343.00

Intrinsic Value Per Share

kr98.45 - kr212.77

Total Value Per Share

kr140.79 - kr255.11

2. Growth of Demant (5 min.)




Is Demant growing?

Current yearPrevious yearGrowGrow %
How rich?$1.3b$1.2b$112.5m8.3%

How much money is Demant making?

Current yearPrevious yearGrowGrow %
Making money$260.2m$301.8m-$41.6m-16.0%
Net Profit Margin8.0%10.6%--

How much money comes from the company's main activities?

3. Financial Health of Demant (5 min.)




4. Comparing to competitors in the Medical Devices industry (5 min.)




  Industry Rankings (Medical Devices)  


Richest
#28 / 340

Most Revenue
#10 / 340

Most Profit
#11 / 340

What can you expect buying and holding a share of Demant? (5 min.)

Welcome investor! Demant's management wants to use your money to grow the business. In return you get a share of Demant.

What can you expect buying and holding a share of Demant?

First you should know what it really means to hold a share of Demant. And how you can make/lose money.

Speculation

The Price per Share of Demant is kr343.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Demant.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Demant, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr42.34. Based on the TTM, the Book Value Change Per Share is kr4.46 per quarter. Based on the YOY, the Book Value Change Per Share is kr3.90 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Demant.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps1.180.3%1.180.3%1.340.4%1.120.3%0.990.3%
Usd Book Value Change Per Share0.650.2%0.650.2%0.560.2%0.410.1%0.350.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.650.2%0.650.2%0.560.2%0.410.1%0.350.1%
Usd Price Per Share42.92-42.92-27.92-36.95-41.77-
Price to Earnings Ratio36.37-36.37-20.90-35.00-46.96-
Price-to-Total Gains Ratio66.43-66.43-49.43--71.93--14.48-
Price to Book Ratio6.99-6.99-5.08-7.12-10.34-
Price-to-Total Gains Ratio66.43-66.43-49.43--71.93--14.48-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share49.735
Number of shares20
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.650.41
Usd Total Gains Per Share0.650.41
Gains per Quarter (20 shares)12.928.12
Gains per Year (20 shares)51.6932.49
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10524203222
201039406554
3015514609786
402071980130118
502582500162150
603103020195182
703623540227214
804144060260246
904654580292278
1005175100325310

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%22.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%18.04.00.081.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%1.00.021.04.5%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%18.04.00.081.8%

Fundamentals of Demant

About Demant A/S

Demant A/S operates as a hearing healthcare and audio technology company in Europe, North America, the Asia Pacific, Asia, and internationally. It operates through two segments: Hearing Healthcare and Communications. The Hearing Healthcare segment is involved in the manufacturing, servicing, and sale of hearing aids, and diagnostic products and services. The Communications segment provides headsets and solutions for the professional call centers, office markets, and gaming markets under the EPOS brand name. The company was formerly known as William Demant Holding A/S and changed its name to Demant A/S in March 2019. Demant A/S was founded in 1904 and is headquartered in Smørum, Denmark.

Fundamental data was last updated by Penke on 2024-03-08 22:25:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Demant A/S.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Demant earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Demant to the Medical Devices industry mean.
  • A Net Profit Margin of 8.0% means that kr0.08 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Demant A/S:

  • The MRQ is 8.0%. The company is making a profit. +1
  • The TTM is 8.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.0%TTM8.0%0.0%
TTM8.0%YOY10.6%-2.6%
TTM8.0%5Y10.0%-2.0%
5Y10.0%10Y11.6%-1.6%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ8.0%-10.6%+18.6%
TTM8.0%-20.2%+28.2%
YOY10.6%-14.0%+24.6%
5Y10.0%-19.5%+29.5%
10Y11.6%-23.8%+35.4%
1.1.2. Return on Assets

Shows how efficient Demant is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Demant to the Medical Devices industry mean.
  • 5.9% Return on Assets means that Demant generated kr0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Demant A/S:

  • The MRQ is 5.9%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.9%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.9%TTM5.9%0.0%
TTM5.9%YOY7.0%-1.1%
TTM5.9%5Y7.0%-1.1%
5Y7.0%10Y8.7%-1.7%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ5.9%-3.0%+8.9%
TTM5.9%-4.2%+10.1%
YOY7.0%-4.0%+11.0%
5Y7.0%-3.8%+10.8%
10Y8.7%-4.1%+12.8%
1.1.3. Return on Equity

Shows how efficient Demant is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Demant to the Medical Devices industry mean.
  • 19.4% Return on Equity means Demant generated kr0.19 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Demant A/S:

  • The MRQ is 19.4%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 19.4%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ19.4%TTM19.4%0.0%
TTM19.4%YOY24.3%-4.9%
TTM19.4%5Y21.6%-2.2%
5Y21.6%10Y22.4%-0.8%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ19.4%-3.5%+22.9%
TTM19.4%-4.4%+23.8%
YOY24.3%-4.7%+29.0%
5Y21.6%-5.7%+27.3%
10Y22.4%-6.2%+28.6%

1.2. Operating Efficiency of Demant A/S.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Demant is operating .

  • Measures how much profit Demant makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Demant to the Medical Devices industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Demant A/S:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY16.3%-16.3%
TTM-5Y12.0%-12.0%
5Y12.0%10Y14.9%-2.9%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ--24.5%+24.5%
TTM--14.9%+14.9%
YOY16.3%-11.5%+27.8%
5Y12.0%-17.1%+29.1%
10Y14.9%-20.6%+35.5%
1.2.2. Operating Ratio

Measures how efficient Demant is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Devices industry mean).
  • An Operation Ratio of 1.08 means that the operating costs are kr1.08 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Demant A/S:

  • The MRQ is 1.081. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.081. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.081TTM1.0810.000
TTM1.081YOY0.843+0.238
TTM1.0815Y0.907+0.174
5Y0.90710Y0.868+0.039
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0811.454-0.373
TTM1.0811.452-0.371
YOY0.8431.434-0.591
5Y0.9071.432-0.525
10Y0.8681.366-0.498

1.3. Liquidity of Demant A/S.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Demant is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Medical Devices industry mean).
  • A Current Ratio of 1.37 means the company has kr1.37 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Demant A/S:

  • The MRQ is 1.368. The company is just able to pay all its short-term debts.
  • The TTM is 1.368. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.368TTM1.3680.000
TTM1.368YOY0.866+0.501
TTM1.3685Y0.928+0.439
5Y0.92810Y0.898+0.030
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3682.789-1.421
TTM1.3682.793-1.425
YOY0.8663.586-2.720
5Y0.9283.492-2.564
10Y0.8983.450-2.552
1.3.2. Quick Ratio

Measures if Demant is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Demant to the Medical Devices industry mean.
  • A Quick Ratio of 0.53 means the company can pay off kr0.53 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Demant A/S:

  • The MRQ is 0.532. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.532. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.532TTM0.5320.000
TTM0.532YOY0.411+0.121
TTM0.5325Y0.511+0.021
5Y0.51110Y0.510+0.001
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5321.587-1.055
TTM0.5321.633-1.101
YOY0.4112.185-1.774
5Y0.5112.300-1.789
10Y0.5102.255-1.745

1.4. Solvency of Demant A/S.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Demant assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Demant to Medical Devices industry mean.
  • A Debt to Asset Ratio of 0.69 means that Demant assets are financed with 69.4% credit (debt) and the remaining percentage (100% - 69.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Demant A/S:

  • The MRQ is 0.694. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.694. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.694TTM0.6940.000
TTM0.694YOY0.713-0.019
TTM0.6945Y0.672+0.023
5Y0.67210Y0.611+0.061
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6940.400+0.294
TTM0.6940.386+0.308
YOY0.7130.330+0.383
5Y0.6720.440+0.232
10Y0.6110.460+0.151
1.4.2. Debt to Equity Ratio

Measures if Demant is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Demant to the Medical Devices industry mean.
  • A Debt to Equity ratio of 229.1% means that company has kr2.29 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Demant A/S:

  • The MRQ is 2.291. The company is just not able to pay all its debts with equity.
  • The TTM is 2.291. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.291TTM2.2910.000
TTM2.291YOY2.487-0.196
TTM2.2915Y2.080+0.211
5Y2.08010Y1.658+0.422
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2910.566+1.725
TTM2.2910.569+1.722
YOY2.4870.479+2.008
5Y2.0800.626+1.454
10Y1.6580.692+0.966

2. Market Valuation of Demant A/S

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Demant generates.

  • Above 15 is considered overpriced but always compare Demant to the Medical Devices industry mean.
  • A PE ratio of 36.37 means the investor is paying kr36.37 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Demant A/S:

  • The EOD is 42.145. Based on the earnings, the company is overpriced. -1
  • The MRQ is 36.370. Based on the earnings, the company is overpriced. -1
  • The TTM is 36.370. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD42.145MRQ36.370+5.775
MRQ36.370TTM36.3700.000
TTM36.370YOY20.902+15.468
TTM36.3705Y35.000+1.370
5Y35.00010Y46.965-11.965
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD42.145-1.038+43.183
MRQ36.370-1.216+37.586
TTM36.370-1.757+38.127
YOY20.902-2.582+23.484
5Y35.000-1.553+36.553
10Y46.965-1.463+48.428
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Demant A/S:

  • The EOD is 21.682. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 18.711. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 18.711. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD21.682MRQ18.711+2.971
MRQ18.711TTM18.7110.000
TTM18.711YOY25.629-6.918
TTM18.7115Y28.369-9.658
5Y28.36910Y52.201-23.831
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD21.682-1.207+22.889
MRQ18.711-1.746+20.457
TTM18.711-2.961+21.672
YOY25.629-6.143+31.772
5Y28.369-4.928+33.297
10Y52.201-5.626+57.827
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Demant is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Medical Devices industry mean).
  • A PB ratio of 6.99 means the investor is paying kr6.99 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Demant A/S:

  • The EOD is 8.101. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.991. Based on the equity, the company is overpriced. -1
  • The TTM is 6.991. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD8.101MRQ6.991+1.110
MRQ6.991TTM6.9910.000
TTM6.991YOY5.083+1.908
TTM6.9915Y7.117-0.126
5Y7.11710Y10.338-3.220
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD8.1012.038+6.063
MRQ6.9912.321+4.670
TTM6.9912.444+4.547
YOY5.0833.028+2.055
5Y7.1173.918+3.199
10Y10.3384.245+6.093
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Demant A/S compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--4.4564.4560%3.896+14%2.801+59%2.439+83%
Book Value Per Share--42.33942.3390%37.883+12%36.025+18%30.798+37%
Current Ratio--1.3681.3680%0.866+58%0.928+47%0.898+52%
Debt To Asset Ratio--0.6940.6940%0.713-3%0.672+3%0.611+14%
Debt To Equity Ratio--2.2912.2910%2.487-8%2.080+10%1.658+38%
Dividend Per Share----0%-0%-0%-0%
Eps--8.1398.1390%9.212-12%7.746+5%6.850+19%
Free Cash Flow Per Share--15.81915.8190%7.513+111%9.595+65%7.043+125%
Free Cash Flow To Equity Per Share--15.81915.8190%11.646+36%7.551+109%5.211+204%
Gross Profit Margin--1.0001.0000%-3.434+443%-2.819+382%-2.626+363%
Intrinsic Value_10Y_max--212.771--------
Intrinsic Value_10Y_min--98.453--------
Intrinsic Value_1Y_max--13.571--------
Intrinsic Value_1Y_min--7.834--------
Intrinsic Value_3Y_max--46.681--------
Intrinsic Value_3Y_min--25.437--------
Intrinsic Value_5Y_max--86.913--------
Intrinsic Value_5Y_min--44.987--------
Market Cap75649336000.000+14%65283540296.00065283540296.0000%43518225500.000+50%59255561159.200+10%72695069179.600-10%
Net Profit Margin--0.0800.0800%0.106-24%0.100-20%0.116-31%
Operating Margin----0%0.163-100%0.120-100%0.149-100%
Operating Ratio--1.0811.0810%0.843+28%0.907+19%0.868+25%
Pb Ratio8.101+14%6.9916.9910%5.083+38%7.117-2%10.338-32%
Pe Ratio42.145+14%36.37036.3700%20.902+74%35.000+4%46.965-23%
Price Per Share343.000+14%296.000296.0000%192.550+54%254.810+16%288.045+3%
Price To Free Cash Flow Ratio21.682+14%18.71118.7110%25.629-27%28.369-34%52.201-64%
Price To Total Gains Ratio76.978+14%66.43066.4300%49.428+34%-71.932+208%-14.483+122%
Quick Ratio--0.5320.5320%0.411+29%0.511+4%0.510+4%
Return On Assets--0.0590.0590%0.070-16%0.070-16%0.087-32%
Return On Equity--0.1940.1940%0.243-20%0.216-10%0.224-14%
Total Gains Per Share--4.4564.4560%3.896+14%2.801+59%2.439+83%
Usd Book Value--1354010000.0001354010000.0000%1241490000.000+9%1212345000.000+12%1092531500.000+24%
Usd Book Value Change Per Share--0.6460.6460%0.565+14%0.406+59%0.354+83%
Usd Book Value Per Share--6.1396.1390%5.493+12%5.224+18%4.466+37%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--1.1801.1800%1.336-12%1.123+5%0.993+19%
Usd Free Cash Flow--505905000.000505905000.0000%246210000.000+105%320827000.000+58%245978000.000+106%
Usd Free Cash Flow Per Share--2.2942.2940%1.089+111%1.391+65%1.021+125%
Usd Free Cash Flow To Equity Per Share--2.2942.2940%1.689+36%1.095+109%0.756+204%
Usd Market Cap10969153720.000+14%9466113342.9209466113342.9200%6310142697.500+50%8592056368.084+10%10540785031.042-10%
Usd Price Per Share49.735+14%42.92042.9200%27.920+54%36.947+16%41.767+3%
Usd Profit--260275000.000260275000.0000%301890000.000-14%260217000.000+0%243179500.000+7%
Usd Revenue--3254235000.0003254235000.0000%2857225000.000+14%2608579000.000+25%2161805000.000+51%
Usd Total Gains Per Share--0.6460.6460%0.565+14%0.406+59%0.354+83%
 EOD+4 -4MRQTTM+0 -0YOY+23 -115Y+25 -910Y+24 -10

3.2. Fundamental Score

Let's check the fundamental score of Demant A/S based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1542.145
Price to Book Ratio (EOD)Between0-18.101
Net Profit Margin (MRQ)Greater than00.080
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.532
Current Ratio (MRQ)Greater than11.368
Debt to Asset Ratio (MRQ)Less than10.694
Debt to Equity Ratio (MRQ)Less than12.291
Return on Equity (MRQ)Greater than0.150.194
Return on Assets (MRQ)Greater than0.050.059
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Demant A/S based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.930
Ma 20Greater thanMa 50350.175
Ma 50Greater thanMa 100344.048
Ma 100Greater thanMa 200315.930
OpenGreater thanClose343.000
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Net Working Capital  -1,930,0001,243,000-687,000-2,400,000-3,087,0001,540,000-1,547,0004,069,0002,522,000



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in DKK. All numbers in thousands.

Summary
Total Assets30,546,000
Total Liabilities21,208,000
Total Stockholder Equity9,256,000
 As reported
Total Liabilities 21,208,000
Total Stockholder Equity+ 9,256,000
Total Assets = 30,546,000

Assets

Total Assets30,546,000
Total Current Assets9,384,000
Long-term Assets21,162,000
Total Current Assets
Cash And Cash Equivalents 1,138,000
Net Receivables 3,650,000
Inventory 2,845,000
Total Current Assets  (as reported)9,384,000
Total Current Assets  (calculated)7,633,000
+/- 1,751,000
Long-term Assets
Property Plant Equipment 5,409,000
Goodwill 12,381,000
Intangible Assets 1,159,000
Long-term Assets  (as reported)21,162,000
Long-term Assets  (calculated)18,949,000
+/- 2,213,000

Liabilities & Shareholders' Equity

Total Current Liabilities6,862,000
Long-term Liabilities14,346,000
Total Stockholder Equity9,256,000
Total Current Liabilities
Short Long Term Debt 1,597,000
Accounts payable 799,000
Other Current Liabilities 2,497,000
Total Current Liabilities  (as reported)6,862,000
Total Current Liabilities  (calculated)4,893,000
+/- 1,969,000
Long-term Liabilities
Long term Debt 10,171,000
Capital Lease Obligations Min Short Term Debt2,686,000
Long-term Liabilities Other 661,000
Long-term Liabilities  (as reported)14,346,000
Long-term Liabilities  (calculated)13,518,000
+/- 828,000
Total Stockholder Equity
Retained Earnings 9,292,000
Total Stockholder Equity (as reported)9,256,000
Total Stockholder Equity (calculated)9,292,000
+/- 36,000
Other
Capital Stock45,000
Common Stock Shares Outstanding 220,553
Net Debt 10,630,000
Net Invested Capital 21,024,000
Net Working Capital 2,522,000
Property Plant and Equipment Gross 8,356,000



Balance Sheet

Currency in DKK. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
1,991,561
2,014,972
2,440,945
2,893,381
3,134,504
3,725,754
3,926,300
4,626,400
6,785,800
7,646,000
8,777,000
10,357,000
11,219,000
14,390,000
15,548,000
16,222,000
17,935,000
21,798,000
21,927,000
24,860,000
29,857,000
30,546,000
30,546,00029,857,00024,860,00021,927,00021,798,00017,935,00016,222,00015,548,00014,390,00011,219,00010,357,0008,777,0007,646,0006,785,8004,626,4003,926,3003,725,7543,134,5042,893,3812,440,9452,014,9721,991,561
   > Total Current Assets 
1,472,128
1,463,849
1,616,810
1,720,685
1,844,108
2,141,074
2,125,000
2,294,900
3,061,200
3,362,000
3,452,000
3,824,000
4,049,000
4,808,000
5,129,000
5,340,000
6,005,000
6,914,000
6,687,000
7,886,000
10,022,000
9,384,000
9,384,00010,022,0007,886,0006,687,0006,914,0006,005,0005,340,0005,129,0004,808,0004,049,0003,824,0003,452,0003,362,0003,061,2002,294,9002,125,0002,141,0741,844,1081,720,6851,616,8101,463,8491,472,128
       Cash And Cash Equivalents 
116,478
108,144
126,434
134,685
135,130
151,188
141,700
151,900
240,400
288,000
307,000
363,000
443,000
674,000
710,000
697,000
630,000
792,000
952,000
1,172,000
1,130,000
1,138,000
1,138,0001,130,0001,172,000952,000792,000630,000697,000710,000674,000443,000363,000307,000288,000240,400151,900141,700151,188135,130134,685126,434108,144116,478
       Net Receivables 
35,590
52,593
883,051
0
0
0
1,153,600
1,343,000
1,797,300
0
0
0
0
2,610,000
2,916,000
3,018,000
3,442,000
4,014,000
3,423,000
4,034,000
3,626,000
3,650,000
3,650,0003,626,0004,034,0003,423,0004,014,0003,442,0003,018,0002,916,0002,610,00000001,797,3001,343,0001,153,600000883,05152,59335,590
       Inventory 
614,075
573,006
602,651
632,336
621,051
747,139
750,300
796,500
993,100
1,082,000
1,014,000
1,147,000
1,203,000
1,324,000
1,300,000
1,351,000
1,641,000
1,852,000
1,968,000
2,366,000
2,904,000
2,845,000
2,845,0002,904,0002,366,0001,968,0001,852,0001,641,0001,351,0001,300,0001,324,0001,203,0001,147,0001,014,0001,082,000993,100796,500750,300747,139621,051632,336602,651573,006614,075
       Other Current Assets 
705,985
730,106
4,674
953,664
1,087,927
1,242,747
79,400
3,500
30,400
1,992,000
2,131,000
2,314,000
2,403,000
2,810,000
3,119,000
3,292,000
3,734,000
4,270,000
3,767,000
6,000
5,988,000
0
05,988,0006,0003,767,0004,270,0003,734,0003,292,0003,119,0002,810,0002,403,0002,314,0002,131,0001,992,00030,4003,50079,4001,242,7471,087,927953,6644,674730,106705,985
   > Long-term Assets 
519,433
551,123
824,135
1,172,696
1,290,396
1,584,680
1,801,300
2,331,500
3,724,600
4,284,000
5,325,000
6,533,000
7,170,000
9,582,000
10,419,000
10,882,000
11,930,000
14,884,000
15,240,000
16,974,000
19,835,000
21,162,000
21,162,00019,835,00016,974,00015,240,00014,884,00011,930,00010,882,00010,419,0009,582,0007,170,0006,533,0005,325,0004,284,0003,724,6002,331,5001,801,3001,584,6801,290,3961,172,696824,135551,123519,433
       Property Plant Equipment 
430,276
438,839
620,564
856,240
910,174
977,471
950,300
976,800
1,110,300
1,276,000
1,372,000
1,496,000
1,664,000
1,768,000
1,742,000
1,718,000
1,823,000
3,998,000
3,986,000
4,356,000
4,857,000
5,409,000
5,409,0004,857,0004,356,0003,986,0003,998,0001,823,0001,718,0001,742,0001,768,0001,664,0001,496,0001,372,0001,276,0001,110,300976,800950,300977,471910,174856,240620,564438,839430,276
       Goodwill 
8,578
7,144
43,096
54,342
86,713
222,517
400,100
0
0
1,976,000
2,568,000
3,548,000
3,831,000
5,660,000
6,276,000
6,339,000
7,211,000
7,826,000
8,320,000
9,471,000
11,488,000
12,381,000
12,381,00011,488,0009,471,0008,320,0007,826,0007,211,0006,339,0006,276,0005,660,0003,831,0003,548,0002,568,0001,976,00000400,100222,51786,71354,34243,0967,1448,578
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
537,000
591,000
944,000
997,000
979,000
0
0
0
0
0000979,000997,000944,000591,000537,0000000000000000
       Intangible Assets 
11,189
13,621
16,325
9,675
8,988
18,290
21,200
0
0
79,000
80,000
70,000
65,000
317,000
492,000
553,000
655,000
750,000
784,000
846,000
1,094,000
1,159,000
1,159,0001,094,000846,000784,000750,000655,000553,000492,000317,00065,00070,00080,00079,0000021,20018,2908,9889,67516,32513,62111,189
       Long-term Assets Other 
69,390
91,519
73,965
151,673
171,860
231,813
16,300
353,500
594,800
675,000
1,037,000
1,152,000
1,372,000
1,461,000
1,513,000
1,900,000
1,728,000
1,759,000
1,597,000
1,705,000
1,858,000
0
01,858,0001,705,0001,597,0001,759,0001,728,0001,900,0001,513,0001,461,0001,372,0001,152,0001,037,000675,000594,800353,50016,300231,813171,860151,67373,96591,51969,390
> Total Liabilities 
1,563,794
1,492,811
1,795,372
2,136,912
2,463,703
3,290,969
3,385,800
3,324,300
4,342,600
4,342,000
4,718,000
5,277,000
5,635,000
7,890,000
8,582,000
8,789,000
10,876,000
14,153,000
13,648,000
16,879,000
21,295,000
21,208,000
21,208,00021,295,00016,879,00013,648,00014,153,00010,876,0008,789,0008,582,0007,890,0005,635,0005,277,0004,718,0004,342,0004,342,6003,324,3003,385,8003,290,9692,463,7032,136,9121,795,3721,492,8111,563,794
   > Total Current Liabilities 
809,756
886,801
1,290,903
1,391,676
1,785,060
2,611,324
2,674,500
2,704,500
2,867,600
2,833,000
4,236,000
4,663,000
5,182,000
5,129,000
5,834,000
5,703,000
7,486,000
8,844,000
7,374,000
10,973,000
11,569,000
6,862,000
6,862,00011,569,00010,973,0007,374,0008,844,0007,486,0005,703,0005,834,0005,129,0005,182,0004,663,0004,236,0002,833,0002,867,6002,704,5002,674,5002,611,3241,785,0601,391,6761,290,903886,801809,756
       Short-term Debt 
0
0
673,110
676,869
1,060,927
1,623,306
1,749,600
1,617,800
1,453,700
1,301,000
2,637,000
3,112,000
3,503,000
3,050,000
3,547,000
3,258,000
5,018,000
5,931,000
4,068,000
6,933,000
7,212,000
0
07,212,0006,933,0004,068,0005,931,0005,018,0003,258,0003,547,0003,050,0003,503,0003,112,0002,637,0001,301,0001,453,7001,617,8001,749,6001,623,3061,060,927676,869673,11000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
673,000
1,309,000
921,000
5,018,000
5,513,000
3,612,000
6,422,000
6,598,000
1,597,000
1,597,0006,598,0006,422,0003,612,0005,513,0005,018,000921,0001,309,000673,0000000000000000
       Accounts payable 
0
0
164,721
218,585
180,609
232,338
219,400
221,800
341,500
405,000
351,000
367,000
342,000
486,000
513,000
516,000
499,000
652,000
802,000
808,000
865,000
799,000
799,000865,000808,000802,000652,000499,000516,000513,000486,000342,000367,000351,000405,000341,500221,800219,400232,338180,609218,585164,72100
       Other Current Liabilities 
809,756
886,801
953
480,527
524,208
726,694
177,300
71,400
791,200
873,000
936,000
899,000
956,000
1,098,000
1,244,000
1,544,000
1,341,000
1,521,000
1,801,000
2,302,000
3,492,000
2,497,000
2,497,0003,492,0002,302,0001,801,0001,521,0001,341,0001,544,0001,244,0001,098,000956,000899,000936,000873,000791,20071,400177,300726,694524,208480,527953886,801809,756
   > Long-term Liabilities 
754,038
606,010
504,469
745,236
678,643
679,645
711,300
619,800
1,475,000
1,509,000
482,000
614,000
453,000
2,761,000
2,748,000
3,086,000
3,390,000
5,309,000
6,274,000
5,906,000
9,726,000
14,346,000
14,346,0009,726,0005,906,0006,274,0005,309,0003,390,0003,086,0002,748,0002,761,000453,000614,000482,0001,509,0001,475,000619,800711,300679,645678,643745,236504,469606,010754,038
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
681,000
788,000
779,000
1,226,000
1,251,000
1,338,000
1,501,000
1,862,000
0
01,862,0001,501,0001,338,0001,251,0001,226,000779,000788,000681,0000000000000000
> Total Stockholder Equity
427,767
522,161
645,573
756,469
670,801
426,111
540,500
1,302,100
2,443,200
3,300,000
4,061,000
5,081,000
5,586,000
6,499,000
6,961,000
7,427,000
7,050,000
7,636,000
8,250,000
7,977,000
8,561,000
9,256,000
9,256,0008,561,0007,977,0008,250,0007,636,0007,050,0007,427,0006,961,0006,499,0005,586,0005,081,0004,061,0003,300,0002,443,2001,302,100540,500426,111670,801756,469645,573522,161427,767
   Common Stock
74,713
70,294
67,515
65,569
63,323
60,986
59,000
59,000
58,400
58,000
58,000
57,000
57,000
54,000
53,000
52,000
50,000
49,000
48,000
48,000
46,000
0
046,00048,00048,00049,00050,00052,00053,00054,00057,00057,00058,00058,00058,40059,00059,00060,98663,32365,56967,51570,29474,713
   Retained Earnings 
353,054
451,867
578,058
590,775
551,242
353,630
0
0
0
0
0
0
0
6,317,000
6,720,000
7,450,000
7,101,000
7,574,000
8,561,000
7,975,000
8,371,000
9,292,000
9,292,0008,371,0007,975,0008,561,0007,574,0007,101,0007,450,0006,720,0006,317,0000000000353,630551,242590,775578,058451,867353,054
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
0
0
0
100,125
56,236
11,495
481,500
1,243,100
2,384,800
3,242,000
4,003,000
5,024,000
5,529,000
6,445,000
6,908,000
7,375,000
7,000,000
7,587,000
8,202,000
7,929,000
144,000
0
0144,0007,929,0008,202,0007,587,0007,000,0007,375,0006,908,0006,445,0005,529,0005,024,0004,003,0003,242,0002,384,8001,243,100481,50011,49556,236100,125000



Balance Sheet

Currency in DKK. All numbers in thousands.




Cash Flow

Currency in DKK. All numbers in thousands.




Income Statement

Currency in DKK. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue22,443,000
Cost of Revenue-5,899,000
Gross Profit16,544,00016,544,000
 
Operating Income (+$)
Gross Profit16,544,000
Operating Expense-18,364,000
Operating Income4,079,000-1,820,000
 
Operating Expense (+$)
Research Development1,410,000
Selling General Administrative11,055,000
Selling And Marketing Expenses0
Operating Expense18,364,00012,465,000
 
Net Interest Income (+$)
Interest Income90,000
Interest Expense-559,000
Other Finance Cost-166,000
Net Interest Income-635,000
 
Pretax Income (+$)
Operating Income4,079,000
Net Interest Income-635,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,394,0004,079,000
EBIT - interestExpense = -559,000
1,795,000
2,354,000
Interest Expense559,000
Earnings Before Interest and Taxes (EBIT)03,953,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax3,394,000
Tax Provision-839,000
Net Income From Continuing Ops2,555,0002,555,000
Net Income1,795,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0635,000
 

Technical Analysis of Demant
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Demant. The general trend of Demant is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Demant's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Demant A/S.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 369.00 < 373.50.

The bearish price targets are: 319.30 > 303.90 > 303.90.

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Demant A/S Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Demant A/S. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Demant A/S Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Demant A/S. The current macd is -1.32278597.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Demant price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Demant. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Demant price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Demant A/S Daily Moving Average Convergence/Divergence (MACD) ChartDemant A/S Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Demant A/S. The current adx is 18.65.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Demant shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Demant A/S Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Demant A/S. The current sar is 359.15.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Demant A/S Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Demant A/S. The current rsi is 44.93. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Demant A/S Daily Relative Strength Index (RSI) ChartDemant A/S Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Demant A/S. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Demant price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Demant A/S Daily Stochastic Oscillator ChartDemant A/S Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Demant A/S. The current cci is -114.68764902.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Demant A/S Daily Commodity Channel Index (CCI) ChartDemant A/S Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Demant A/S. The current cmo is -18.30070551.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Demant A/S Daily Chande Momentum Oscillator (CMO) ChartDemant A/S Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Demant A/S. The current willr is -89.04109589.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Demant A/S Daily Williams %R ChartDemant A/S Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Demant A/S.

Demant A/S Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Demant A/S. The current atr is 7.08537415.

Demant A/S Daily Average True Range (ATR) ChartDemant A/S Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Demant A/S. The current obv is 453,061.

Demant A/S Daily On-Balance Volume (OBV) ChartDemant A/S Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Demant A/S. The current mfi is 46.34.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Demant A/S Daily Money Flow Index (MFI) ChartDemant A/S Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Demant A/S.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-04MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-13MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.

6.3. Candlestick Patterns

Demant A/S Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Demant A/S based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.930
Ma 20Greater thanMa 50350.175
Ma 50Greater thanMa 100344.048
Ma 100Greater thanMa 200315.930
OpenGreater thanClose343.000
Total3/5 (60.0%)
Penke

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