1. Denmark Stocks

  2. •

    Consumer Defensive

  3. •

    Tobacco
Scandinavian Tobacco Group A/S

Scandinavian Tobacco Group A/S

STG.CO
Scandinavian Tobacco Group A/SDK flagNASDAQ Copenhagen
66.90
DKK
+0.20
- -
5.27BMarket Cap
Scandinavian Tobacco Group A/S
STG.CO
(NASDAQ Copenhagen)

Recent

price

66.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
59.78
59.25
61.26
67.32
67.61
64.88
67.42
67.41
80.57
86.39
96.75
100.82
112.14
114.75
116.88
Revenue per Share
6.18
5.73
6.4
6.68
6.83
7.14
6.68
7.5
6.82
14.59
16.3
13.65
11.45
8.5
8.66
Basic EPS, GAAP
3.24
4.43
8.41
10.5
11.25
9.44
6.62
11.82
13.94
13.92
11.07
11.99
11.15
7.27
7.1
Free Cash Flow per Basic Share
3.5
4.12
3.82
13.27
5.01
9
5.75
6
6.12
6.58
7.64
8.25
8.65
8.5
8.77
Dividend per Share
82.84
84.54
86.7
80.17
82.04
80.35
81.39
82.66
83.84
92.88
100.77
101.73
108.61
103.76
107.65
Book Value per Share
6.33
9.54
11.97
8.62
11.34
9.01
9.53
13.1
0.93
4.97
7.19
3.59
-1.19
-1.58
0.05
Tangible Book Value per Share
100
100
100
100
100
100
100
100
99
95
91
87
82
79
76
Basic Weighted Avg Shares
5,978
5,925
6,126
6,732
6,746
6,464
6,718
6,719
8,006
8,233
8,762
8,731
9,202
9,036
8,921
Sales/Revenue/Turnover
15.58
13.07
14.35
14.18
14.73
14.26
14.94
16.44
17.75
22.32
21.89
19.69
17.53
14.22
14.04
Operating Margin (%)
370
400
270
306
322
319
351
503
460
362
352
375
420
449
465
Depreciation Expense
618
573
640
668
682
712
666
748
678
1,391
1,476
1,182
940
669
661
Net Income, GAAP
26.63
15.23
24.34
24.47
23.85
16.45
7.16
21.18
28.75
21.37
20.48
20.69
22.93
23.74
23.74
Effective Tax Rate (%)
10.34
9.67
10.44
9.92
10.1
11.01
9.91
11.13
8.47
16.89
16.85
13.54
10.21
7.41
7.41
Profit Margin (%)
3,438
3,249
3,032
3,673
3,236
2,907
2,919
3,378
2,366
2,857
2,887
3,092
2,497
2,608
2,522
Working Capital
3,009
2,756
2,308
3,338
2,731
2,606
2,658
2,842
3,003
3,067
3,376
3,902
4,048
4,050
3,865
LT Debt
8,425
8,333
9,087
8,998
9,273
8,448
8,818
9,103
8,372
8,968
9,342
9,434
9,217
8,572
8,712
Total Equity
- -
5.65
5.64
5.88
6.16
6.6
8.18
7.34
8.55
12.19
12.14
10.3
8.83
6.83
6.8
Return on Invested Capital (%)
- -
5.66
6.12
6.39
6.74
7.2
6.82
7.37
6.59
12.58
12.78
10.35
8.15
6.07
6.14
Return on Capital (%)
- -
6.84
7.47
8
8.41
8.79
8.26
9.15
8.18
16.19
16.42
13.18
10.6
7.84
7.7
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,208
1,415
1,320
LT Borrowings
3,955
3,727
3,521
LT Finance Leases
296
323
344
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
79
79
79
Market Capitalization
6,778
7,329
5,198

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,396
5,341
5,375
Cash, Cash Equivalents & STI
98
198
14
Accounts Receivable, Net
1,360
1,430
1,343
Inventories
3,476
3,211
3,569
Total Current Liabilities
2,732
2,734
2,853
Payables & Accruals
- -
- -
- -
ST Debt
1,208
1,415
1,320
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.33%
0.6%
-6.99%
Free Cash Flow
-1.73%
-14.87%
-37.4%
Net Income, GAAP
4.51%
8.42%
-28.76%
Sales/Revenue/Turnover
3.16%
2.5%
-1.81%
Total Cash Common Dividend
-0.27%
2.07%
-5.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,948
2,366
2,430
2,458
9,202
2025
1,974
2,361
2,357
2,343
9,036
2026
1,859
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.5
3.6
3.7
2.8
11.45
2025
0.7
2.9
2.9
- -
8.5
2026
0.6
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
8.61
- -
- -
8.65
2025
- -
8.55
- -
- -
8.5
2026
- -
- -
- -
- -
- -
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Business
Scandinavian Tobacco Group A/S is a leading global manufacturer and distributor of cigars, pipe tobacco, fine-cut tobacco, and smoke-free nicotine products. The company operates primarily in Europe and the United States, offering a diversified portfolio of over 200 brands including Macanudo, La Gloria Cubana, Panter, Signature, La Paz, Café Crème, Cohiba, Partagas, Captain Black, and more. Its product range encompasses handmade and machine-made cigars, pipe tobacco, fine-cut tobacco, nicotine pouches, and energy pouches. The company also markets hemp products in the US under its next-generation product (NGP) initiatives focused on smoke-free alternatives. Founded in 1961 and headquartered in Copenhagen, Denmark, Scandinavian Tobacco Group completed the acquisition of Mac Baren Tobacco Company A/S in July 2024. This acquisition expanded its portfolio significantly in the pipe tobacco and fine-cut tobacco categories and included nicotine pouches, enhancing the company’s position in the premium smoking tobacco market. Mac Baren is a historic family-owned business established in 1826, known for brands like Mac Baren, Amphora, Holger Danske, Amsterdamer, Choice, and Opal. In 2023 and 2024, STG invested in diversifying its portfolio by entering the smoke-free products segment, notably through the acquisition of XQS, a Swedish nicotine pouch company. XQS has since grown rapidly to become one of the top five nicotine pouch brands in Sweden. STG offers nicotine pouches and non-nicotine energy pouches in multiple markets, including Sweden, the UK, Denmark, and the US. In late 2025, STG announced its Focus2030 strategy, signaling a commitment to innovation and growth in both its traditional tobacco products and next generation products. The company targets consumers of premium cigars, pipe tobacco users, and increasingly users of smoke-free nicotine alternatives, with a strong emphasis on product quality and brand heritage. Scandinavian Tobacco Group continues to pursue strategic growth through product innovation, geographic expansion, and selective acquisitions to reinforce its leadership within the global tobacco and nicotine market. Scandinavian Tobacco Group is publicly traded on the Nasdaq Copenhagen exchange under the ticker STG.CO and maintains a strong operational presence primarily across Europe and North America, with an expansive brand portfolio catering to diverse consumer preferences in the tobacco and smoke-free product segments. This comprehensive strategic positioning aims to sustain growth and shareholder value in a transforming industry landscape.