DFDS Valuation Multiples

Discover DFDS's revenue and EBITDA valuation multiples, acquisitions, and investment history, alongside public comparables like d'Amico International Shipping, Exmar, Bonheur, Genco Shipping & Trading and more.

DFDS Overview

About DFDS

DFDS AS is a transportation and logistics company domiciled in Denmark. The two main divisions are the ferry division and the logistics division. The ferry division operates ferry routes around Europe, transporting freight, passengers, and passenger cruise ferries. The logistics division provides transport solutions for full and part loads as well as contract logistics solutions, including warehousing. Its main customers include manufacturers of industrial goods. The company generates the majority of its revenue from the ferry division. It has a presence in geographical markets such as the North Sea, the Mediterranean, the Baltic and Channel, Continental, Nordic, and the UK/Ireland.


Founded

1866

HQ

Denmark

Employees

16.5K

Website

dfds.com

Financials (LTM)

Revenue: $4.9B
EBITDA: $648M

EV

$3.3B

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DFDS Financials

DFDS reported last 12-month revenue of $4.9B and EBITDA of $648M.

In the same LTM period, DFDS generated $669M in gross profit, $648M in EBITDA, and $10M in net income.

Revenue (LTM)


DFDS P&L

In the most recent fiscal year, DFDS reported revenue of $4.9B and EBITDA of $599M.

DFDS is unprofitable as of last fiscal year, with gross margin of 8%, EBITDA margin of 12%, and net margin of (1%).

See analyst estimates for DFDS
LTMLast FY202320242025202620272028
Revenue$4.9B$4.9B$4.2B$4.5B$4.7B
Gross Profit$669M$413M$628M$561M$413M
Gross Margin14%8%15%12%9%
EBITDA$648M$599M$359M$230M$75M
EBITDA Margin13%12%9%5%2%
EBIT Margin3%2%8%5%1%
Net Profit$10M($65M)$229M$82M($65M)
Net Margin0%(1%)5%2%(1%)
Net Debt-$1.5B---

Financial data powered by Morningstar, Inc.

DFDS Stock Performance

DFDS has current market cap of $984M, and enterprise value of $3.3B.

Market Cap Evolution


DFDS's stock price is $18.21.

DFDS share price increased by 6.5% in the last 30 days, and by 0.2% in the last year.

DFDS has an EPS (earnings per share) of $-1.21.

See more trading valuation data for DFDS
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3.3B$984M-1.2%6.5%-14.7%0.2%$-1.21

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DFDS Valuation Multiples

DFDS trades at 0.7x EV/Revenue multiple, and 5.1x EV/EBITDA.

See NTM and 2027E valuation multiples for DFDS

EV / Revenue (LTM)


DFDS Financial Valuation Multiples

As of July 10, 2026, DFDS has market cap of $984M and EV of $3.3B.

DFDS has a P/E ratio of 95.9x.

LTMLast FY202320242025202620272028
EV/Revenue0.7x0.7x0.8x0.7x0.7x
EV/EBITDA5.1x5.5x9.2x14.3x43.6x
EV/EBIT22.8x42.4x9.6x15.0x52.9x
EV/Gross Profit4.9x8.0x5.2x5.9x8.0x
P/E95.9x(15.1x)4.3x12.1x(15.1x)
EV/FCF11.0x8.1x10.0x11.7x12.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified DFDS Valuation Multiples

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DFDS Margins & Growth Rates

DFDS grew revenue by 1% and EBITDA by 16% in the last fiscal year.

In the most recent fiscal year, DFDS reported gross margin of 8%, EBITDA margin of 12%, and net margin of (1%).

See estimated margins and future growth rates for DFDS

DFDS Margins

Last FY202420252026202720282029
Gross Margin8%12%9%15%
EBITDA Margin12%5%2%14%
EBIT Margin2%5%1%4%
Net Margin(1%)2%(1%)2%
FCF Margin8%6%6%4%

DFDS Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1%9%4%4%
Gross Profit Growth79%(11%)(26%)79%
EBITDA Growth16%(36%)(67%)817%
EBIT Growth165%(36%)(72%)230%
Net Profit Growth(224%)(64%)(180%)(224%)
FCF Growth(51%)(15%)(6%)(24%)

Data powered by FactSet, Inc. and Morningstar, Inc.

DFDS Operational KPIs

DFDS's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.

DFDS's Rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

DFDS's Rule of X is 23% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for DFDS
LTMLast FY202320242025202620272028
Rule of 4014%18%---
Bessemer Rule of X15%23%---
Revenue per Employee-$0.3M---
Opex per Employee-$0.0M---
G&A Expenses to Revenue-4%4%5%5%
Opex to Revenue-7%7%8%7%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
d'Amico International Shipping2.9x3.3x6.5x6.3x
Exmar4.5x-8.8x-
Bonheur0.8x0.8x2.4x2.6x
Genco Shipping & Trading3.9x4.6x15.6x8.8x
Irish Continental Group1.8x1.8x7.9x8.0x
EUROKAI2.6x-4.6x-
Odfjell1.6x2.1x4.7x4.8x
Infortar1.0x-7.2x-

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Acquisitions by DFDS

DFDS has acquired 4 companies to date.

Last acquisition by DFDS was on November 1st 2024. DFDS acquired Ekol Logistics for undisclosed valuation.

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Latest Acquisitions by DFDS

Ekol Logistics
Lucey Transport
ICT
U.N. Ro-Ro Isletmeleri A.S.
Description
Ekol Logistics is an Istanbul-headquartered provider of full truckload transport, warehousing, and supply chain solutions across Europe and Turkey. Operating a fleet of over 5,000 vehicles, it manages customs clearance and intermodal services for automotive and FMCG clients like IKEA.
-
ICT is a Denmark-based logistics provider offering customized transport and supply chain services. The company handles freight forwarding, warehousing, and distribution for manufacturing and retail clients throughout Scandinavia.
U.N. Ro-Ro Isletmeleri A.S. is an Istanbul-headquartered operator of roll-on/roll-off shipping lines connecting Turkey with Italy, France, Belgium, and Germany. The company manages a fleet of 18 specialized vessels transporting vehicles, containers, and trailers across the Mediterranean and Northern Europe routes, including services from Trieste, Izmit Bay, and Pendik terminals.
HQ CountryTurkeyIrelandDenmarkTurkey
HQ City
Istanbul
Cork
Herning
Istanbul
Deal Date1 Nov 202425 Jul 202215 Sep 202112 Apr 2018
Valuationundisclosed$40Mundisclosed$1.2B
EV/Revenue
EV/EBITDA

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Investments by DFDS

DFDS has invested in 1 company to date.

Latest investment by DFDS was on April 25th 2019. DFDS invested in Mash Makes in their $600K Seed round (EV/Revenue multiple available to Pro users).

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Latest Investments by DFDS

Mash Makes
Description
Mash Makes is a cleantech company that converts biowaste into electricity, biofuels, hydrogen, and biochar through advanced processing technologies. Norway-based, it addresses waste from agriculture and food industries by optimizing supply chains and modular facilities. The firm supplies commodities to energy markets in Scandinavia and Europe, competing on cost with fossil-based alternatives. Mash Makes partners with municipalities for waste collection and utilities for output distribution.
HQ CountryDenmark
HQ City
Copenhagen
Deal Date25 Apr 2019
RoundSeed
Raised$600K
InvestorsDFDS
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About DFDS

When was DFDS founded?DFDS was founded in 1866.
Where is DFDS headquartered?DFDS is headquartered in Denmark.
How many employees does DFDS have?As of today, DFDS has over 16K employees.
Who is the CEO of DFDS?DFDS's CEO is Torben Carlsen.
Is DFDS publicly listed?Yes, DFDS is a public company listed on Nasdaq Copenhagen.
What is the stock symbol of DFDS?DFDS trades under DFDS ticker.
When did DFDS go public?DFDS went public in 1993.
Who are competitors of DFDS?DFDS main competitors include d'Amico International Shipping, Exmar, Bonheur, Genco Shipping & Trading, Irish Continental Group, EUROKAI, Odfjell, Infortar, Daehan Shipbuilding, MPC Container Ships.
What is the current market cap of DFDS?DFDS's current market cap is $984M.
What is the current revenue of DFDS?DFDS's last 12 months revenue is $4.9B.
What is the current revenue growth of DFDS?DFDS revenue growth (NTM/LTM) is 1%.
What is the current EV/Revenue multiple of DFDS?Current revenue multiple of DFDS is 0.7x.
What is the current EBITDA of DFDS?DFDS's last 12 months EBITDA is $648M.
What is DFDS's EBITDA margin?DFDS's last 12 months EBITDA margin is 13%.
What is the current EV/EBITDA multiple of DFDS?Current EBITDA multiple of DFDS is 5.1x.
What is the current FCF of DFDS?DFDS's last 12 months FCF is $298M.
What is DFDS's FCF margin?DFDS's last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of DFDS?Current FCF multiple of DFDS is 11.0x.
How many companies DFDS has acquired to date?As of July 2026, DFDS has acquired 4 companies.
In how many companies DFDS has invested to date?As of July 2026, DFDS has invested in 1 company.
What was the last DFDS investment?On 25th April 2019 DFDS invested in Mash Makes, participating in a $600K Seed round.
In what companies DFDS invested in?DFDS invested in Mash Makes.

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