The Board of Directors’ priority for capital structure and capital allocation is the following:

 

  • Well-capitalised (NIBD / EBITDA < 2)
  • Stable dividends (30 - 50% of net profit)
  • Invest in organic growth
  • Value adding M&As
  • Share buyback or special dividend


Share and dividend key figures    
Year 2014 2015 2016 2017 2018 
CFPS (cash flow per share), DKK (diluted) 26.3 11.0 29.5 21.4  7.7
EPS (earnings per share), DKK (diluted) 16.4  8.6 10.6 1.5  12.8
BVPS (book value per share), DKK 158 162 172 162  167
DPS (dividend per share), DKK 9 4 6 8  9
Pay-out ratio (%) 57  49 59 539  72
Dividend yield (dividend as percent of share price end of year) 3.3 1.7 2.0 2.2  3.1
FLSmidth & Co. A/S share price, end of year, DKK 272.3 240.0 293.0 361.3  293.1
Listed number of shares (1,000), end of year, DKK 51,250 51,250 51,250 51,250  51,250
Number of shares excl. own shares (1,000), end of year 49,443 48,922 48,931 49,521 49,866 
Average number of shares (1,000) (diluted) 49,518 48,996 48,985 49,690 50,051 
Market capitalisation, DKKm 13,955 12,300 15,016 18,517  15,021


See the figures from 2007 until 2014 here.


Dividend history
Year Dividend per share, DKK Number of shares (end of year) '000s   Dividend total, DKKm
1990 2.4 38,200 92
1991 2.4 38,200 92
1992 1.6 38,905 62
1993 1.6 38,905 62
1994 2.4 46,098 111
1995 2.4 46,098 111
1996 3.2 46,098 148
1997 4 46,098 184
1998 5 46,487 234
1999 7.5 46,487 349
2000 3 46,487 139
2001 0 53,200  -
2002 0 53,200  -
2003 0 53,200
 -
2004 7 53,200 372
2005 7 53,200 372
2006 7 53,200
372
2007 7 53,200
372
2008 0 53,200
 -
2009 7 53,200
372
2010 9 53,200
479
2011 9 53,200
479
2012 9 53,200
479
2013 2 53,200 106
2014 9 51,250 461
2015 4 51,250 205
2016 6 51,250 307
2017 8 51,250 410
2018  9 51,250 461

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