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 2015 2016 2017 2018  2019 
CFPS (cash flow per share), DKK (diluted) 11.0 29.5 21.4  7.7  18.9
EPS (earnings per share), DKK (diluted) 8.6 10.6 1.5  12.8  15.5
BVPS (book value per share), DKK 162 172 162  167  171
DPS (dividend per share), DKK 4 6 8  9  8
Pay-out ratio (%) 49 59 539  72  53
Dividend yield (dividend as percent of share price end of year) 1.7 2.0 2.2  3.1  3.0
FLSmidth & Co. A/S share price, end of year, DKK 240.0 293.0 361.3  293.1  265.4
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 48,922 48,931 49,521 49,866   50,056
Average number of shares (1,000) (diluted) 48,996 48,985 49,690 50,051   50,092
Market capitalisation, DKKm 12,300 15,016 18,517  15,021  13,602



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

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