FLSmidth & Co. A/S

CPSE:FLS Stock Report

Market Cap: DKK 24.8b

FLSmidth Future Growth

Future criteria checks 2/6

FLSmidth is forecast to grow earnings and revenue by 7.4% and 6.4% per annum respectively. EPS is expected to grow by 8.4% per annum. Return on equity is forecast to be 17% in 3 years.

Key information

7.4%

Earnings growth rate

8.36%

EPS growth rate

Machinery earnings growth15.4%
Revenue growth rate6.4%
Future return on equity17.02%
Analyst coverage

Good

Last updated18 May 2026

Recent future growth updates

Analysis Article • Aug 23

Analysts Are Updating Their FLSmidth & Co. A/S (CPH:FLS) Estimates After Its Half-Year Results

Investors in FLSmidth & Co. A/S ( CPH:FLS ) had a good week, as its shares rose 3.5% to close at kr.415 following the...

Recent updates

Narrative Update • May 12

FLS: Uzbekistan Venture And Mining Contracts Set To Drive Re Rating

Analysts have trimmed their blended price target for FLSmidth by DKK 40 to DKK 566. The shift reflects a mix of recent target cuts and upgrades, alongside modest adjustments to the discount rate and future P/E assumptions.
Narrative Update • Apr 27

FLS: March Update Will Highlight Uzbekistan Venture As Key Re Rating Catalyst

FLSmidth’s updated analyst price target edges higher from DKK 542 to about DKK 566, as analysts factor in slightly higher modeled revenue growth, profit margins and a modestly richer future P/E assumption, despite mixed recent rating changes and target moves across major banks. Analyst Commentary Recent Street research on FLSmidth reflects a mix of optimism and caution, with several banks adjusting ratings and price targets in different directions.
Narrative Update • Apr 09

FLS: March Update Will Balance Split Ratings With Uzbekistan Expansion And Capital Returns

FLSmidth's updated analyst price target edges higher to DKK 542.0, reflecting modest tweaks to fair value and P/E assumptions as analysts balance mixed rating actions and recent target resets across the street. Analyst Commentary Recent research on FLSmidth shows a split view, with some high conviction upside targets sitting alongside more cautious stances and target trims.
Narrative Update • Mar 26

FLS: March Update Will Contrast Diverging Views With Uzbekistan Expansion And Capital Returns

Analysts have trimmed their fair value estimate for FLSmidth from DKK 537.70 to DKK 534.20. Recent price target increases to DKK 610 and DKK 710, along with a DKK 545 target, reflect differing views on growth, profitability and appropriate P/E levels.
Narrative Update • Mar 11

FLS: March Update Will Balance Execution Risks And Mixed Price Signals

The updated analyst price target for FLSmidth edges down by DKK 1 to DKK 537.7, even as analysts highlight mixed views in recent research, with some lifting targets to DKK 610 and DKK 710 and others setting a lower DKK 545 level. Analyst Commentary Recent research on FLSmidth reflects a clear split, with some analysts setting higher price targets in the DKK 610 to DKK 710 range while another anchors closer to DKK 545.
Narrative Update • Feb 25

FLS: March Capital Markets Day Will Frame Balanced Execution And Pricing Risks

Analysts have raised their fair value estimate for FLSmidth from DKK 514.7 to DKK 538.7, reflecting updated expectations for revenue growth and profitability. Recent Street targets ranging from DKK 545 to DKK 710 have guided the revised view.
Analysis Article • Feb 10

FLSmidth & Co. A/S' (CPH:FLS) 25% Price Boost Is Out Of Tune With Earnings

FLSmidth & Co. A/S ( CPH:FLS ) shareholders have had their patience rewarded with a 25% share price jump in the last...
Narrative Update • Feb 09

FLS: March Capital Markets Day Will Test Recently Elevated Expectations

Analysts have raised their price target on FLSmidth from about DKK 500 to around DKK 515, pointing to recent research that highlights the upcoming March capital markets day as a key near term catalyst despite the Q3 miss. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price targets, such as the move to DKK 540 from DKK 510, as a sign that they see room for improved valuation despite the recent Q3 miss.
New Narrative • Feb 06

Copper Project Delays And Execution Risks Will Challenge High Margin Service Outlook

Catalysts About FLSmidth FLSmidth supplies equipment, services and spare parts for global mining customers, with a focus on high margin, recurring service and pumps, cyclones and valves. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jan 26

FLS: Capital Markets Day And Index Inclusion Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for FLSmidth from DKK 470.78 to about DKK 500.20, citing recent price target moves around DKK 505 to DKK 540 and upcoming company events as key support for the revised view. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price target of DKK 540 as support for a valuation view that still sees upside potential versus the current fair value estimate of about DKK 500.20.
Narrative Update • Jan 11

FLS: Capital Markets Day And Leadership Change Will Shape Balanced Risk Reward

The analyst price target for FLSmidth has shifted slightly as analysts weigh mixed Q3 results against upcoming catalysts, including a capital markets day in March. Recent target moves have ranged from DKK 505 to DKK 580.
Analysis Article • Jan 01

FLSmidth (CPH:FLS) Is Doing The Right Things To Multiply Its Share Price

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update • Dec 04

FLS: Capital Markets Day Will Unlock Upside Despite CEO Transition And Guidance Update

The analyst fair value estimate for FLSmidth has edged down by DKK 4 to DKK 470.88, as analysts balance a slightly higher discount rate against a reaffirmed positive long term outlook, supported by recent upward revisions to several Street price targets despite mixed ratings. Analyst Commentary Recent Street research reflects a generally constructive view on FLSmidth, with several firms lifting price targets and one notable downgrade tempering the consensus.
Narrative Update • Nov 20

FLS: Capital Markets Day Will Unlock Medium-Term Upside After Recent Contract Wins

FLSmidth's analyst price target has been revised slightly downward from DKK 479.89 to DKK 474.88. This reflects analysts' consideration of mixed quarterly results and shifting market outlooks, amid recent changes in revenue growth projections and profitability expectations.
Narrative Update • Nov 06

FLS: Upgrades and Downgrades Will Shape Market View Amid Recent Contract Wins

FLSmidth's analyst price target has increased modestly from DKK 474.33 to DKK 479.89. Analysts cite recent upgrades and positive re-ratings that support a slightly improved outlook for the company.
Analysis Article • Oct 29

FLSmidth (CPH:FLS) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Oct 22

Analysts Raise Price Targets for FLSmidth as Margin Outlook and Order Wins Drive Optimism

Narrative Update: FLSmidth Analyst Price Target Revision The average analyst price target for FLSmidth has increased modestly from DKK 469.89 to DKK 474.33. Analysts cite improved margin forecasts and recent upward revisions in their research.
Narrative Update • Oct 08

Digital Solutions And Aftermarket Services Will Transform Mining Operations

FLSmidth’s analyst price target has increased modestly from DKK 460.50 to DKK 469.89, as analysts point to improved profit margin expectations and recent price target revisions in support of the adjustment. Analyst Commentary Recent changes to the price targets for FLSmidth reflect a mix of optimism regarding future growth prospects and lingering concerns over the company’s execution and market position.
Analysis Article • Oct 04

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 28% Undervalued

Key Insights The projected fair value for FLSmidth is kr.657 based on 2 Stage Free Cash Flow to Equity FLSmidth is...
Narrative Update • Sep 13

Digital Solutions And Aftermarket Services Will Transform Mining Operations

FLSmidth’s consensus price target has been raised, primarily reflecting a modest increase in expected future P/E multiples while profit margin expectations are unchanged, resulting in an updated fair value of DKK460.50. What's in the News FLSmidth lowered its 2025 revenue guidance to DKK 14.5–15.0 billion, citing customer-driven order delays and adverse foreign exchange rate movements.
Analysis Article • Sep 09

We Like These Underlying Return On Capital Trends At FLSmidth (CPH:FLS)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update • Aug 27

Digital Solutions And Aftermarket Services Will Transform Mining Operations

The increase in FLSmidth’s consensus price target to DKK438.00 reflects a markedly higher future P/E offset by a weaker net profit margin outlook. What's in the News FLSmidth lowered its 2025 full-year revenue guidance to DKK 14.5–15.0 billion due to customer-driven order delays and adverse FX movements.
Analysis Article • Aug 23

Analysts Are Updating Their FLSmidth & Co. A/S (CPH:FLS) Estimates After Its Half-Year Results

Investors in FLSmidth & Co. A/S ( CPH:FLS ) had a good week, as its shares rose 3.5% to close at kr.415 following the...
Analysis Article • Jul 23

We Think FLSmidth (CPH:FLS) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Jul 08

Analysts Are More Bearish On FLSmidth & Co. A/S (CPH:FLS) Than They Used To Be

Market forces rained on the parade of FLSmidth & Co. A/S ( CPH:FLS ) shareholders today, when the analysts downgraded...
Analysis Article • Jun 17

What Does FLSmidth & Co. A/S's (CPH:FLS) Share Price Indicate?

FLSmidth & Co. A/S ( CPH:FLS ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • May 31

FLSmidth's (CPH:FLS) Returns On Capital Are Heading Higher

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • May 15

What FLSmidth & Co. A/S' (CPH:FLS) 31% Share Price Gain Is Not Telling You

Those holding FLSmidth & Co. A/S ( CPH:FLS ) shares would be relieved that the share price has rebounded 31% in the...
Analysis Article • May 13

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 47% Undervalued

Key Insights FLSmidth's estimated fair value is kr.636 based on 2 Stage Free Cash Flow to Equity Current share price of...
Analysis Article • Mar 27

FLSmidth & Co. A/S' (CPH:FLS) P/E Still Appears To Be Reasonable

FLSmidth & Co. A/S' ( CPH:FLS ) price-to-earnings (or "P/E") ratio of 20.2x might make it look like a sell right now...
Analysis Article • Mar 11

At kr.350, Is It Time To Put FLSmidth & Co. A/S (CPH:FLS) On Your Watch List?

FLSmidth & Co. A/S ( CPH:FLS ), is not the largest company out there, but it saw significant share price movement...
Analysis Article • Feb 10

Is FLSmidth (CPH:FLS) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 26

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 44% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, FLSmidth fair value estimate is kr.671 Current share price of...
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New Narrative • Jan 20

New ERP System And Uzbekistan Agreement Will Improve Mining Operations By 2026

New ERP system and strategic cooperation in Uzbekistan expected to boost revenues and improve order execution for key products.
Analysis Article • Dec 13

FLSmidth (CPH:FLS) Might Have The Makings Of A Multi-Bagger

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Nov 28

Market Participants Recognise FLSmidth & Co. A/S' (CPH:FLS) Earnings

With a price-to-earnings (or "P/E") ratio of 25.5x FLSmidth & Co. A/S ( CPH:FLS ) may be sending very bearish signals...
Analysis Article • Oct 26

At kr.356, Is FLSmidth & Co. A/S (CPH:FLS) Worth Looking At Closely?

While FLSmidth & Co. A/S ( CPH:FLS ) might not have the largest market cap around , it saw a double-digit share price...
Analysis Article • Sep 30

Are Investors Undervaluing FLSmidth & Co. A/S (CPH:FLS) By 50%?

Key Insights The projected fair value for FLSmidth is kr.743 based on 2 Stage Free Cash Flow to Equity Current share...

Earnings and Revenue Growth Forecasts

CPSE:FLS - Analysts future estimates and past financials data (DKK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202817,2031,8691,5912,0938
12/31/202715,9941,6351,3931,90911
12/31/202614,8232,0341,7271,49810
3/31/202614,1831,3855641,111N/A
12/31/202514,612706411996N/A
9/30/202514,7791,1379171,614N/A
6/30/202515,3681,0796891,493N/A
3/31/202515,817894254980N/A
12/31/202415,740789-56640N/A
9/30/202417,468684303950N/A
6/30/202419,149722-266317N/A
3/31/202421,721774144675N/A
12/31/202324,106678124623N/A
9/30/202324,633426N/A468N/A
6/30/202324,5313218261,220N/A
3/31/202323,159344285634N/A
12/31/202221,849369635968N/A
9/30/202220,4896077151,041N/A
6/30/202219,52854168373N/A
3/31/202218,5744497991,094N/A
12/31/202117,5813751,1541,449N/A
9/30/202116,682306638929N/A
6/30/202115,8562461,3881,715N/A
3/31/202115,6291841,4081,741N/A
12/31/202016,4412311,0721,421N/A
9/30/202018,2273651,0391,419N/A
6/30/202019,1295116881,069N/A
3/31/202020,755753272679N/A
12/31/201920,646797N/A948N/A
9/30/201920,074886N/A718N/A
6/30/201919,673864N/A831N/A
3/31/201918,931818N/A276N/A
12/31/201818,750818N/A385N/A
9/30/201818,243554N/A834N/A
6/30/201818,009483N/A891N/A
3/31/201817,864389N/A1,259N/A
12/31/201718,000419N/A1,065N/A
9/30/201718,582590N/A1,127N/A
6/30/201719,255677N/A1,457N/A
3/31/201718,805684N/A1,656N/A
12/31/201618,192586N/A1,447N/A
9/30/201617,964427N/A987N/A
6/30/201617,799348N/A739N/A
3/31/201618,757479N/A523N/A
12/31/201519,682599N/A538N/A
9/30/201520,012732N/A1,129N/A
6/30/201520,379857N/A1,520N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLS's forecast earnings growth (7.4% per year) is above the savings rate (2%).

Earnings vs Market: FLS's earnings (7.4% per year) are forecast to grow slower than the Danish market (9.4% per year).

High Growth Earnings: FLS's earnings are forecast to grow, but not significantly.

Revenue vs Market: FLS's revenue (6.4% per year) is forecast to grow faster than the Danish market (3.7% per year).

High Growth Revenue: FLS's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FLS's Return on Equity is forecast to be low in 3 years time (17%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 08:26
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FLSmidth & Co. A/S is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Vladimir SergievskiiBarclays
Xin WangBarclays