View ValuationTryg 향후 성장Future 기준 점검 1/6Tryg (는) 각각 연간 5.7% 및 3.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 5.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.5% 로 예상됩니다.핵심 정보5.7%이익 성장률5.70%EPS 성장률Insurance 이익 성장4.6%매출 성장률3.9%향후 자기자본이익률15.53%애널리스트 커버리지Good마지막 업데이트01 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • Apr 16Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026Tryg A/S announced ordinary dividend of DKK 2.15 (DKK 2.05) per share for the first quarter of 2026, an increase of around 5% from the previous year.공지 • Dec 05Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory BoardTryg A/S announced that after nine years on Tryg A/S’ Supervisory Board, the Chair, Jukka Pertola, has announced that he is not seeking reelection at the Annual General Meeting of Tryg A/S in March 2026. Jukka Pertola was elected to the Supervisory Board in 2017 and has since made a profound impact on the Group. In the same period, the Group has doubled its size measured on top and bottom line with multiple successful acquisitions contributing to ensure the Group’s unique position in Scandinavia. The Supervisory Board of Tryg also carried through a successful CEO transition in 2023.공지 • Oct 10Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025.공지 • Jul 12Tryg A/S, Annual General Meeting, Mar 26, 2026Tryg A/S, Annual General Meeting, Mar 26, 2026.공지 • Jul 11+ 3 more updatesTryg A/S to Report Q1, 2026 Results on Apr 15, 2026Tryg A/S announced that they will report Q1, 2026 results on Apr 15, 2026공지 • Apr 11Tryg A/S Announces Dividend for the First Quarter of 2025, Payable on 16 April 2025Tryg A/S announced that it is paying a dividend for the first quarter of DKK 2.05 per share on 16 April 2025.공지 • Mar 26Tryg A/S Announces Appointment of Torben Jensen and Jonas Bjørn Jensen to the Supervisory BoardTryg A/S announced that at its AGM held on March 26, 2025, approved Expanding the number of members of the Supervisory Board namely: Torben Jensen and Jonas Bjørn Jensen.공지 • Jan 24Tryg A/S Announces Quarterly Dividend PaymentTryg A/S announced quarterly dividend per share of DKK 1.95 in line with previous quarters in 2024.공지 • Oct 14Tryg A/S to Report Nine Months, 2025 Results on Oct 10, 2025Tryg A/S announced that they will report nine months, 2025 results on Oct 10, 2025공지 • Oct 13+ 2 more updatesTryg A/S to Report Q2, 2025 Results on Jul 11, 2025Tryg A/S announced that they will report Q2, 2025 results on Jul 11, 2025공지 • Oct 12Tryg A/S, Annual General Meeting, Mar 26, 2025Tryg A/S, Annual General Meeting, Mar 26, 2025.Reported Earnings • Oct 11Third quarter 2024 earnings released: EPS: kr.2.58 (vs kr.1.41 in 3Q 2023)Third quarter 2024 results: EPS: kr.2.58 (up from kr.1.41 in 3Q 2023). Revenue: kr.10.9b (up 6.7% from 3Q 2023). Net income: kr.1.65b (up 88% from 3Q 2023). Profit margin: 15% (up from 8.6% in 3Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 12Second quarter 2024 earnings released: EPS: kr.2.64 (vs kr.1.45 in 2Q 2023)Second quarter 2024 results: EPS: kr.2.64 (up from kr.1.45 in 2Q 2023). Revenue: kr.10.6b (up 5.1% from 2Q 2023). Net income: kr.1.62b (up 80% from 2Q 2023). Profit margin: 15% (up from 9.0% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 17First quarter 2024 earnings released: EPS: kr.1.23 (vs kr.1.40 in 1Q 2023)First quarter 2024 results: EPS: kr.1.23 (down from kr.1.40 in 1Q 2023). Revenue: kr.10.2b (up 1.9% from 1Q 2023). Net income: kr.776.0m (down 12% from 1Q 2023). Profit margin: 7.6% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공지 • Apr 17Tryg A/S Announces Quarterly DividendTryg A/S announced quarterly dividend of DKK 1.95 (DKK 1.85) per share an increase of more than 5%.Reported Earnings • Jan 26Full year 2023 earnings released: EPS: kr.6.08 (vs kr.3.47 in FY 2022)Full year 2023 results: EPS: kr.6.08 (up from kr.3.47 in FY 2022). Revenue: kr.40.4b (up 26% from FY 2022). Net income: kr.3.85b (up 71% from FY 2022). Profit margin: 9.5% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공지 • Nov 03+ 1 more updateTryg A/S Announces Executive ChangesBarbara Plucnar Jensen, Chief Financial Officer (CFO), will leave Tryg A/S by mutual agreement. Effective November 2, 2023, Allan Kragh Thaysen (46), Tryg's SVP of Group Finance for the past five years, has been appointed as the new CFO. Barbara Plucnar Jensen has been part of Tryg's executive management since 2019. Her unique skills within corporate finance have been instrumental during the acquisition and financing of RSA's Scandinavian activities and the share issue that followed. The Executive Board of Tryg A/S now consists of Chief Executive Officer Johan Kirstein Brammer, Chief Financial Officer Allan Kragh Thaysen, Chief Operational Officer Lars Bonde, Chief Commercial Officer Alexandra Bastkær Winther, and Chief Technical Officer Mikael Kärrsten. Allan Kragh Thaysen has an HD in Accounting and an MSc in Business Economics and Auditing from Copenhagen Business School. He will bring to his role as CFO many years of experience in the financial sector and within non-life insurance. Allan started his career as an accountant at Deloitte from 1998-2005, after which he joined the Norwegian company Gjensidige, where he became CFO for the Danish and Swedish portion of the business from 2010 to 2018 before coming to Tryg. For the past 5 years he has delivered strong results in his position as SVP of Group Finance and played an integral part in the acquisition of RSA's Scandinavian businesses, Trygg-Hansa and Codan Norway.공지 • Oct 24Tryg A/S (CPSE:TRYG) commences an Equity Buyback Plan under the authorization approved on March 30, 2023.Tryg A/S (CPSE:TRYG) commences share repurchases on October 16, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 30, 2023. As per the mandate, the company is authorized to repurchase not more than 10% of its issued share capital at any given point in time. The price to be paid for each share shall not deviate by more than 10% from the registered price of the shares at Nasdaq Copenhagen. The authorization is valid till December 31, 2024. As at March 2, 2023, the company had 654,653,980 issued shares. On October 13, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, for DKK 1,000 million. The shares will be purchased at a price not higher than the amount of the last independent transaction or highest independent bid on the shares on Nasdaq Copenhagen A/S. The purpose of the program is to return excess capital to the shareholders. The repurchased shares will be cancelled. The repurchases will commence from October 16, 2023, and the program will be valid till January 31, 2024. As of October 17, 2023, the company had 12,526,551 treasury shares.Reported Earnings • Oct 15Third quarter 2023 earnings released: EPS: kr.1.41 (vs kr.0.97 in 3Q 2022)Third quarter 2023 results: EPS: kr.1.41 (up from kr.0.97 in 3Q 2022). Revenue: kr.10.2b (down 4.0% from 3Q 2022). Net income: kr.877.0m (up 40% from 3Q 2022). Profit margin: 8.6% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.공지 • Oct 13+ 3 more updatesTryg A/S, Annual General Meeting, Mar 21, 2024Tryg A/S, Annual General Meeting, Mar 21, 2024.공지 • Sep 28Tryg Announces Executive ChangesTryg A/S announced that drawing on inspiration from Trygg-Hansa’s successful operating model towards Commercial customers, Tryg will merge its Commercial and Corporate Lines in Denmark and Norway from 1 October 2023. The Corporate segments in both countries have undergone successful transformations over the past few years, where the portfolio of large customers has been adjusted to ensure a more healthy and profitable business. After this successful downscaling, the merger is a natural next step in becoming a more efficient and customer centric business, where corporate customers will experience a simpler entry to Tryg. To lead these newly formed Commercial units, two internal candidates have been appointed. Hence, SVP Hans Arnum, has been appointed Head of Commercial Lines Denmark, while SVP Michael Kolbæk has been appointed Head of Commercial Lines Norway. From a reporting perspective Commercial and Corporate Lines will remain separate entities. With synergies from the RSA integration being delivered slightly ahead of schedule, it is a natural next step to align the organisational design of the Group’s Swedish business, Trygg-Hansa, with the organisational structure of the Tryg Group. A decentralised organisational design encouraging decision-making to occur in close proximity to customers and local market dynamics. This structural harmonisation has been planned since the acquisition, and with the integration well on track, accelerating the change will support Trygg-Hansa’s readiness for the coming strategy period. This means that by 1 January 2024 VD Mats Dahlquist will leave Trygg-Hansa and hand over to the continuing management team, who will report to Tryg Group’s Executive Board.Buying Opportunity • Aug 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €22.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Buying Opportunity • Jul 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.7%. The fair value is estimated to be €23.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.공지 • Jul 12Tryg A/S Announces Dividend for the Second Quarter of 2023 Payable on 14 July 2023Tryg A/S announced dividend of DKK 1.85 per share for the second quarter of 2023to be paid on 14 July 2023.Reported Earnings • Jul 12Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr.9.96b (up 20% from 2Q 2022). Net income: kr.922.0m (up 114% from 2Q 2022). Profit margin: 9.3% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany.Recent Insider Transactions • Apr 26Independent Supervisory Board Member recently bought €21k worth of stockOn the 20th of April, Mengmeng Du bought around 1k shares on-market at roughly €20.66 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Apr 20First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr.10.6b (up 79% from 1Q 2022). Net income: kr.885.0m (up kr.776.0m from 1Q 2022). Profit margin: 8.3% (up from 1.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany.공지 • Jan 31+ 1 more updateTryg A/S and Tryg Forsikring A/S Announces Management ChangesGroup Chief Executive Officer (CEO) Morten Hübbe has informed the Supervisory Boards of Tryg A/S and Tryg Forsikring A/S that he wishes to step down after 20 years on Tryg's Executive Board. Expansion of the Executive Board in Tryg A/S and Tryg Forsikring A/S With a view to ensure the right mix of competences in the Executive Board going forward, the Company has also announced the appointment of two new members by 1 March 2023. Mikael Kärrsten has been appointed Chief Technical Officer and Alexandra Bastkær Winther has been appointed Chief Commercial Officer, both internal promotions. Mikael Kärrsten (47) has more than 20 years of experience from the insurance industry and comes from a position as Head of Group PPU (Price, Product, Portfolio Management and Underwriting) in Tryg. He has previously held several senior leadership positions with Codan and Trygg-Hansa, including Head of Underwriting. Mikael has been one of the main architects behind Trygg-Hansa's incredibly well-run and profitable business - and he knows the Swedish insurance market better than most. A market which now accounts for up to 45% of the Group's technical result. In addition, Mikael possesses a deep technical understanding of insurance, which is based on a data and insight driven approach. Alexandra Bastkær Winther (37) comes from a position as CEO of Alka Insurance (stand-alone entity within the Tryg group). She has been with Tryg since 2020 where she, prior to her appointment to Alka, as head of Group Strategy and M&A played a key role in the historical acquisition of RSA's Scandinavian activities (Trygg-Hansa and Codan Norway). As Chief Commercial Officer, Alexandra will take over Johan Kirstein Brammer's current areas of responsibilities, which covers enhancement of commercial value creation across the Group, the integration and realisation of synergies from acquisitions as well as the corporate strategy function. According to Morten Hübbe, the appointment of the two new executives will add valuable skills to the highly successful Executive Board that represents years of value creation and continuity.공지 • Jan 27Tryg A/S to Report Fiscal Year 2022 Final Results on Feb 03, 2023Tryg A/S announced that they will report fiscal year 2022 final results at 9:00 AM, Central European Standard Time on Feb 03, 2023Reported Earnings • Jan 27Full year 2022 earnings released: EPS: kr.3.47 (vs kr.5.52 in FY 2021)Full year 2022 results: EPS: kr.3.47 (down from kr.5.52 in FY 2021). Revenue: kr.33.5b (up 32% from FY 2021). Net income: kr.2.25b (down 29% from FY 2021). Profit margin: 6.7% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 14Third quarter 2022 earnings released: EPS: kr.0.97 (vs kr.1.58 in 3Q 2021)Third quarter 2022 results: EPS: kr.0.97 (down from kr.1.58 in 3Q 2021). Revenue: kr.9.60b (up 27% from 3Q 2021). Net income: kr.627.0m (down 40% from 3Q 2021). Profit margin: 6.5% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공지 • Oct 13+ 2 more updatesTryg A/S to Report Q2, 2023 Results on Jul 11, 2023Tryg A/S announced that they will report Q2, 2023 results on Jul 11, 2023Buying Opportunity • Jul 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.1%. The fair value is estimated to be €27.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.Reported Earnings • Jul 13Second quarter 2022 earnings released: EPS: kr.0.67 (vs kr.0.096 loss in 2Q 2021)Second quarter 2022 results: EPS: kr.0.67 (up from kr.0.096 loss in 2Q 2021). Revenue: kr.8.63b (up 64% from 2Q 2021). Net income: kr.430.0m (up kr.493.0m from 2Q 2021). Profit margin: 5.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: kr.0.17 (vs kr.2.50 in 1Q 2021)First quarter 2022 results: EPS: kr.0.17 (down from kr.2.50 in 1Q 2021). Revenue: kr.6.07b (down 1.0% from 1Q 2021). Net income: kr.109.0m (down 87% from 1Q 2021). Profit margin: 1.8% (down from 13% in 1Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.Buying Opportunity • Feb 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 3.8%. The fair value is estimated to be kr.26.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 2.9% per annum over the last 3 years.Buying Opportunity • Jan 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 1.8%. The fair value is estimated to be kr.25.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 2.9% per annum over the last 3 years.Reported Earnings • Oct 13Third quarter 2021 earnings released: EPS kr.1.59 (vs kr.3.07 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: kr.6.59b (up 13% from 3Q 2020). Net income: kr.1.04b (up 11% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Jul 10Second quarter 2021 earnings released: kr.0.096 loss per share (vs kr.4.13 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: kr.5.26b (down 12% from 2Q 2020). Net loss: kr.63.0m (down 105% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 20First quarter 2021 earnings released: EPS kr.2.50 (vs kr.1.47 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr.6.16b (up 35% from 1Q 2020). Net income: kr.814.0m (up kr.1.26b from 1Q 2020). Profit margin: 13% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 05New 90-day low: €18.53The company is down 21% from its price of €23.54 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.85 per share.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 29% share price decline to kr.18.53, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 20.9x. This compares to an average P/E of 13x in the Insurance industry in Germany. Total returns to shareholders over the past three years are 43%.Reported Earnings • Jan 27Full year 2020 earnings released: EPS kr.9.19 (vs kr.9.42 in FY 2019)The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: kr.22.7b (up 2.5% from FY 2019). Net income: kr.2.77b (down 2.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Jan 27Revenue misses expectationsRevenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.5%, compared to a 15% growth forecast for the Insurance industry in Germany.Is New 90 Day High Low • Jan 21New 90-day high: €26.68The company is up 3.0% from its price of €25.82 on 23 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.04 per share.Is New 90 Day High Low • Dec 05New 90-day low: €23.54The company is down 8.0% from its price of €25.62 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.69 per share.Is New 90 Day High Low • Oct 30New 90-day low: €23.86The company is down 5.0% from its price of €25.04 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.25 per share.Reported Earnings • Oct 10Third quarter earnings releasedOver the last 12 months the company has reported total profits of kr.2.44b, up 8.1% from the prior year. Total revenue was kr.22.1b over the last 12 months, up 5.8% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 10Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 1.3% at kr.5.72b. Revenue is forecast to grow 4.3% over the next year, compared to a 15% growth forecast for the Insurance industry in Germany.Is New 90 Day High Low • Oct 02New 90-day high: €26.98The company is up 3.0% from its price of €26.14 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.74 per share.이익 및 매출 성장 예측DB:T2V1 - 애널리스트 향후 추정치 및 과거 재무 데이터 (DKK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202846,2355,8926,5029,498912/31/202744,0895,5476,2058,2191012/31/202642,3015,1495,7776,353103/31/202643,2305,1714,9535,547N/A12/31/202543,0005,3386,3826,869N/A9/30/202542,0054,8468,1119,238N/A6/30/202541,8494,9767,3568,322N/A3/31/202541,8335,0857,5618,436N/A12/31/202441,9824,7434,8215,649N/A9/30/202442,1495,0843,2593,800N/A6/30/202441,6794,3884,3254,929N/A3/31/202440,7723,6685,6646,228N/A12/31/202340,1343,7945,9986,569N/A9/30/202340,4723,7651,6971,745N/A6/30/202340,7863,496-3,870-3,855N/A3/31/202341,3183,023452504N/A12/31/202238,2152,247193243N/A9/30/202234,0032,5391,4471,491N/A6/30/202230,9682,9496,4576,507N/A3/31/202225,8552,4561,9131,938N/A12/31/202125,2033,1613,6483,670N/A9/30/202125,2022,8264,3104,363N/A6/30/202123,4432,7204,7424,776N/A3/31/202124,1614,0294,8384,877N/A12/31/202022,6022,7733,8953,932N/A9/30/202022,0812,4412,4572,473N/A6/30/202021,7152,1102,6772,758N/A3/31/202021,1481,6462,8132,860N/A12/31/201922,1232,845N/A3,631N/A9/30/201920,8522,251N/A5,625N/A6/30/201919,9792,278N/A3,509N/A3/31/201918,8242,064N/A3,675N/A12/31/201817,4721,733N/A2,883N/A9/30/201817,2102,148N/A1,879N/A6/30/201817,0762,192N/A3,079N/A3/31/201817,2212,337N/A2,146N/A12/31/201717,5752,519N/A1,720N/A9/30/201717,7962,552N/A1,848N/A6/30/201717,8492,614N/A1,412N/A3/31/201717,9022,635N/A1,637N/A12/31/201617,5592,472N/A1,546N/A9/30/201617,6112,660N/A1,453N/A6/30/201617,0162,037N/A1,308N/A3/31/201616,8671,850N/A1,243N/A12/31/201517,2021,920N/A1,211N/A9/30/201516,9501,805N/A1,271N/A6/30/201517,6712,287N/A1,829N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: T2V1 의 연간 예상 수익 증가율(5.7%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: T2V1 의 연간 수익(5.7%)이 German 시장(16.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: T2V1 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: T2V1 의 수익(연간 3.9%)이 German 시장(연간 6.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: T2V1 의 수익(연간 3.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: T2V1의 자본 수익률은 3년 후 15.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YInsurance 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 19:53종가2026/05/07 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tryg A/S는 25명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullABG Sundal CollierClaudia GaspariBarclaysAlessia MagniBarclays22명의 분석가 더 보기
공지 • Apr 16Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026Tryg A/S announced ordinary dividend of DKK 2.15 (DKK 2.05) per share for the first quarter of 2026, an increase of around 5% from the previous year.
공지 • Dec 05Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory BoardTryg A/S announced that after nine years on Tryg A/S’ Supervisory Board, the Chair, Jukka Pertola, has announced that he is not seeking reelection at the Annual General Meeting of Tryg A/S in March 2026. Jukka Pertola was elected to the Supervisory Board in 2017 and has since made a profound impact on the Group. In the same period, the Group has doubled its size measured on top and bottom line with multiple successful acquisitions contributing to ensure the Group’s unique position in Scandinavia. The Supervisory Board of Tryg also carried through a successful CEO transition in 2023.
공지 • Oct 10Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025.
공지 • Jul 12Tryg A/S, Annual General Meeting, Mar 26, 2026Tryg A/S, Annual General Meeting, Mar 26, 2026.
공지 • Jul 11+ 3 more updatesTryg A/S to Report Q1, 2026 Results on Apr 15, 2026Tryg A/S announced that they will report Q1, 2026 results on Apr 15, 2026
공지 • Apr 11Tryg A/S Announces Dividend for the First Quarter of 2025, Payable on 16 April 2025Tryg A/S announced that it is paying a dividend for the first quarter of DKK 2.05 per share on 16 April 2025.
공지 • Mar 26Tryg A/S Announces Appointment of Torben Jensen and Jonas Bjørn Jensen to the Supervisory BoardTryg A/S announced that at its AGM held on March 26, 2025, approved Expanding the number of members of the Supervisory Board namely: Torben Jensen and Jonas Bjørn Jensen.
공지 • Jan 24Tryg A/S Announces Quarterly Dividend PaymentTryg A/S announced quarterly dividend per share of DKK 1.95 in line with previous quarters in 2024.
공지 • Oct 14Tryg A/S to Report Nine Months, 2025 Results on Oct 10, 2025Tryg A/S announced that they will report nine months, 2025 results on Oct 10, 2025
공지 • Oct 13+ 2 more updatesTryg A/S to Report Q2, 2025 Results on Jul 11, 2025Tryg A/S announced that they will report Q2, 2025 results on Jul 11, 2025
공지 • Oct 12Tryg A/S, Annual General Meeting, Mar 26, 2025Tryg A/S, Annual General Meeting, Mar 26, 2025.
Reported Earnings • Oct 11Third quarter 2024 earnings released: EPS: kr.2.58 (vs kr.1.41 in 3Q 2023)Third quarter 2024 results: EPS: kr.2.58 (up from kr.1.41 in 3Q 2023). Revenue: kr.10.9b (up 6.7% from 3Q 2023). Net income: kr.1.65b (up 88% from 3Q 2023). Profit margin: 15% (up from 8.6% in 3Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 12Second quarter 2024 earnings released: EPS: kr.2.64 (vs kr.1.45 in 2Q 2023)Second quarter 2024 results: EPS: kr.2.64 (up from kr.1.45 in 2Q 2023). Revenue: kr.10.6b (up 5.1% from 2Q 2023). Net income: kr.1.62b (up 80% from 2Q 2023). Profit margin: 15% (up from 9.0% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 17First quarter 2024 earnings released: EPS: kr.1.23 (vs kr.1.40 in 1Q 2023)First quarter 2024 results: EPS: kr.1.23 (down from kr.1.40 in 1Q 2023). Revenue: kr.10.2b (up 1.9% from 1Q 2023). Net income: kr.776.0m (down 12% from 1Q 2023). Profit margin: 7.6% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공지 • Apr 17Tryg A/S Announces Quarterly DividendTryg A/S announced quarterly dividend of DKK 1.95 (DKK 1.85) per share an increase of more than 5%.
Reported Earnings • Jan 26Full year 2023 earnings released: EPS: kr.6.08 (vs kr.3.47 in FY 2022)Full year 2023 results: EPS: kr.6.08 (up from kr.3.47 in FY 2022). Revenue: kr.40.4b (up 26% from FY 2022). Net income: kr.3.85b (up 71% from FY 2022). Profit margin: 9.5% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공지 • Nov 03+ 1 more updateTryg A/S Announces Executive ChangesBarbara Plucnar Jensen, Chief Financial Officer (CFO), will leave Tryg A/S by mutual agreement. Effective November 2, 2023, Allan Kragh Thaysen (46), Tryg's SVP of Group Finance for the past five years, has been appointed as the new CFO. Barbara Plucnar Jensen has been part of Tryg's executive management since 2019. Her unique skills within corporate finance have been instrumental during the acquisition and financing of RSA's Scandinavian activities and the share issue that followed. The Executive Board of Tryg A/S now consists of Chief Executive Officer Johan Kirstein Brammer, Chief Financial Officer Allan Kragh Thaysen, Chief Operational Officer Lars Bonde, Chief Commercial Officer Alexandra Bastkær Winther, and Chief Technical Officer Mikael Kärrsten. Allan Kragh Thaysen has an HD in Accounting and an MSc in Business Economics and Auditing from Copenhagen Business School. He will bring to his role as CFO many years of experience in the financial sector and within non-life insurance. Allan started his career as an accountant at Deloitte from 1998-2005, after which he joined the Norwegian company Gjensidige, where he became CFO for the Danish and Swedish portion of the business from 2010 to 2018 before coming to Tryg. For the past 5 years he has delivered strong results in his position as SVP of Group Finance and played an integral part in the acquisition of RSA's Scandinavian businesses, Trygg-Hansa and Codan Norway.
공지 • Oct 24Tryg A/S (CPSE:TRYG) commences an Equity Buyback Plan under the authorization approved on March 30, 2023.Tryg A/S (CPSE:TRYG) commences share repurchases on October 16, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 30, 2023. As per the mandate, the company is authorized to repurchase not more than 10% of its issued share capital at any given point in time. The price to be paid for each share shall not deviate by more than 10% from the registered price of the shares at Nasdaq Copenhagen. The authorization is valid till December 31, 2024. As at March 2, 2023, the company had 654,653,980 issued shares. On October 13, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, for DKK 1,000 million. The shares will be purchased at a price not higher than the amount of the last independent transaction or highest independent bid on the shares on Nasdaq Copenhagen A/S. The purpose of the program is to return excess capital to the shareholders. The repurchased shares will be cancelled. The repurchases will commence from October 16, 2023, and the program will be valid till January 31, 2024. As of October 17, 2023, the company had 12,526,551 treasury shares.
Reported Earnings • Oct 15Third quarter 2023 earnings released: EPS: kr.1.41 (vs kr.0.97 in 3Q 2022)Third quarter 2023 results: EPS: kr.1.41 (up from kr.0.97 in 3Q 2022). Revenue: kr.10.2b (down 4.0% from 3Q 2022). Net income: kr.877.0m (up 40% from 3Q 2022). Profit margin: 8.6% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
공지 • Oct 13+ 3 more updatesTryg A/S, Annual General Meeting, Mar 21, 2024Tryg A/S, Annual General Meeting, Mar 21, 2024.
공지 • Sep 28Tryg Announces Executive ChangesTryg A/S announced that drawing on inspiration from Trygg-Hansa’s successful operating model towards Commercial customers, Tryg will merge its Commercial and Corporate Lines in Denmark and Norway from 1 October 2023. The Corporate segments in both countries have undergone successful transformations over the past few years, where the portfolio of large customers has been adjusted to ensure a more healthy and profitable business. After this successful downscaling, the merger is a natural next step in becoming a more efficient and customer centric business, where corporate customers will experience a simpler entry to Tryg. To lead these newly formed Commercial units, two internal candidates have been appointed. Hence, SVP Hans Arnum, has been appointed Head of Commercial Lines Denmark, while SVP Michael Kolbæk has been appointed Head of Commercial Lines Norway. From a reporting perspective Commercial and Corporate Lines will remain separate entities. With synergies from the RSA integration being delivered slightly ahead of schedule, it is a natural next step to align the organisational design of the Group’s Swedish business, Trygg-Hansa, with the organisational structure of the Tryg Group. A decentralised organisational design encouraging decision-making to occur in close proximity to customers and local market dynamics. This structural harmonisation has been planned since the acquisition, and with the integration well on track, accelerating the change will support Trygg-Hansa’s readiness for the coming strategy period. This means that by 1 January 2024 VD Mats Dahlquist will leave Trygg-Hansa and hand over to the continuing management team, who will report to Tryg Group’s Executive Board.
Buying Opportunity • Aug 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €22.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Buying Opportunity • Jul 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.7%. The fair value is estimated to be €23.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
공지 • Jul 12Tryg A/S Announces Dividend for the Second Quarter of 2023 Payable on 14 July 2023Tryg A/S announced dividend of DKK 1.85 per share for the second quarter of 2023to be paid on 14 July 2023.
Reported Earnings • Jul 12Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr.9.96b (up 20% from 2Q 2022). Net income: kr.922.0m (up 114% from 2Q 2022). Profit margin: 9.3% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany.
Recent Insider Transactions • Apr 26Independent Supervisory Board Member recently bought €21k worth of stockOn the 20th of April, Mengmeng Du bought around 1k shares on-market at roughly €20.66 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Apr 20First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr.10.6b (up 79% from 1Q 2022). Net income: kr.885.0m (up kr.776.0m from 1Q 2022). Profit margin: 8.3% (up from 1.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany.
공지 • Jan 31+ 1 more updateTryg A/S and Tryg Forsikring A/S Announces Management ChangesGroup Chief Executive Officer (CEO) Morten Hübbe has informed the Supervisory Boards of Tryg A/S and Tryg Forsikring A/S that he wishes to step down after 20 years on Tryg's Executive Board. Expansion of the Executive Board in Tryg A/S and Tryg Forsikring A/S With a view to ensure the right mix of competences in the Executive Board going forward, the Company has also announced the appointment of two new members by 1 March 2023. Mikael Kärrsten has been appointed Chief Technical Officer and Alexandra Bastkær Winther has been appointed Chief Commercial Officer, both internal promotions. Mikael Kärrsten (47) has more than 20 years of experience from the insurance industry and comes from a position as Head of Group PPU (Price, Product, Portfolio Management and Underwriting) in Tryg. He has previously held several senior leadership positions with Codan and Trygg-Hansa, including Head of Underwriting. Mikael has been one of the main architects behind Trygg-Hansa's incredibly well-run and profitable business - and he knows the Swedish insurance market better than most. A market which now accounts for up to 45% of the Group's technical result. In addition, Mikael possesses a deep technical understanding of insurance, which is based on a data and insight driven approach. Alexandra Bastkær Winther (37) comes from a position as CEO of Alka Insurance (stand-alone entity within the Tryg group). She has been with Tryg since 2020 where she, prior to her appointment to Alka, as head of Group Strategy and M&A played a key role in the historical acquisition of RSA's Scandinavian activities (Trygg-Hansa and Codan Norway). As Chief Commercial Officer, Alexandra will take over Johan Kirstein Brammer's current areas of responsibilities, which covers enhancement of commercial value creation across the Group, the integration and realisation of synergies from acquisitions as well as the corporate strategy function. According to Morten Hübbe, the appointment of the two new executives will add valuable skills to the highly successful Executive Board that represents years of value creation and continuity.
공지 • Jan 27Tryg A/S to Report Fiscal Year 2022 Final Results on Feb 03, 2023Tryg A/S announced that they will report fiscal year 2022 final results at 9:00 AM, Central European Standard Time on Feb 03, 2023
Reported Earnings • Jan 27Full year 2022 earnings released: EPS: kr.3.47 (vs kr.5.52 in FY 2021)Full year 2022 results: EPS: kr.3.47 (down from kr.5.52 in FY 2021). Revenue: kr.33.5b (up 32% from FY 2021). Net income: kr.2.25b (down 29% from FY 2021). Profit margin: 6.7% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 14Third quarter 2022 earnings released: EPS: kr.0.97 (vs kr.1.58 in 3Q 2021)Third quarter 2022 results: EPS: kr.0.97 (down from kr.1.58 in 3Q 2021). Revenue: kr.9.60b (up 27% from 3Q 2021). Net income: kr.627.0m (down 40% from 3Q 2021). Profit margin: 6.5% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공지 • Oct 13+ 2 more updatesTryg A/S to Report Q2, 2023 Results on Jul 11, 2023Tryg A/S announced that they will report Q2, 2023 results on Jul 11, 2023
Buying Opportunity • Jul 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.1%. The fair value is estimated to be €27.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.
Reported Earnings • Jul 13Second quarter 2022 earnings released: EPS: kr.0.67 (vs kr.0.096 loss in 2Q 2021)Second quarter 2022 results: EPS: kr.0.67 (up from kr.0.096 loss in 2Q 2021). Revenue: kr.8.63b (up 64% from 2Q 2021). Net income: kr.430.0m (up kr.493.0m from 2Q 2021). Profit margin: 5.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: kr.0.17 (vs kr.2.50 in 1Q 2021)First quarter 2022 results: EPS: kr.0.17 (down from kr.2.50 in 1Q 2021). Revenue: kr.6.07b (down 1.0% from 1Q 2021). Net income: kr.109.0m (down 87% from 1Q 2021). Profit margin: 1.8% (down from 13% in 1Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.
Buying Opportunity • Feb 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 3.8%. The fair value is estimated to be kr.26.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 2.9% per annum over the last 3 years.
Buying Opportunity • Jan 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 1.8%. The fair value is estimated to be kr.25.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 2.9% per annum over the last 3 years.
Reported Earnings • Oct 13Third quarter 2021 earnings released: EPS kr.1.59 (vs kr.3.07 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: kr.6.59b (up 13% from 3Q 2020). Net income: kr.1.04b (up 11% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 10Second quarter 2021 earnings released: kr.0.096 loss per share (vs kr.4.13 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: kr.5.26b (down 12% from 2Q 2020). Net loss: kr.63.0m (down 105% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 20First quarter 2021 earnings released: EPS kr.2.50 (vs kr.1.47 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr.6.16b (up 35% from 1Q 2020). Net income: kr.814.0m (up kr.1.26b from 1Q 2020). Profit margin: 13% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 05New 90-day low: €18.53The company is down 21% from its price of €23.54 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.85 per share.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 29% share price decline to kr.18.53, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 20.9x. This compares to an average P/E of 13x in the Insurance industry in Germany. Total returns to shareholders over the past three years are 43%.
Reported Earnings • Jan 27Full year 2020 earnings released: EPS kr.9.19 (vs kr.9.42 in FY 2019)The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: kr.22.7b (up 2.5% from FY 2019). Net income: kr.2.77b (down 2.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Jan 27Revenue misses expectationsRevenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.5%, compared to a 15% growth forecast for the Insurance industry in Germany.
Is New 90 Day High Low • Jan 21New 90-day high: €26.68The company is up 3.0% from its price of €25.82 on 23 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.04 per share.
Is New 90 Day High Low • Dec 05New 90-day low: €23.54The company is down 8.0% from its price of €25.62 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.69 per share.
Is New 90 Day High Low • Oct 30New 90-day low: €23.86The company is down 5.0% from its price of €25.04 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.25 per share.
Reported Earnings • Oct 10Third quarter earnings releasedOver the last 12 months the company has reported total profits of kr.2.44b, up 8.1% from the prior year. Total revenue was kr.22.1b over the last 12 months, up 5.8% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 10Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 1.3% at kr.5.72b. Revenue is forecast to grow 4.3% over the next year, compared to a 15% growth forecast for the Insurance industry in Germany.
Is New 90 Day High Low • Oct 02New 90-day high: €26.98The company is up 3.0% from its price of €26.14 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.74 per share.