Alm. Brand
Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark. The last earnings update was 17 days ago. More info.
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ALMB Share Price and Events
7 Day Returns
1 Year Returns
ALMB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Alm. Brand (ALMB) | -2.5% | -8.5% | 5.9% | -12.2% | 20.8% | 121.7% |
| Europe Insurance | -3.3% | -5.8% | 0.5% | -0.5% | 17.4% | 20.4% |
| DK Market | 0.8% | -0.8% | 1.9% | 0.7% | 2.1% | 36.3% |
1 Year Return vs Industry and Market
- ALMB underperformed the Insurance industry which returned -0.5% over the past year.
- ALMB underperformed the Market in Denmark which returned 0.7% over the past year.
Price Volatility
Related Companies
Value
Is Alm. Brand undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Alm. Brand
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Alm. Brand.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = DKK31.59 * 15.7% |
DKK4.97 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 2 analysts. | DKK31.59 |
| Discount Rate (Cost of Equity) | See below | 5.4% |
| Perpetual Growth Rate | 10-Year DK Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DK Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 22%) (14.73%)) |
0.871 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.87 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (0.871 * 5.96%) |
5.4% |
Discounted Cash Flow Calculation for CPSE:ALMB using Excess Returns Model Model
The calculations below outline how an intrinsic value for Alm. Brand is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (15.7% – 5.4%) * DKK31.59) |
DKK3.26 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= DKK3.26 / (5.4% - 0.21%) |
DKK62.81 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= DKK31.59 + DKK62.81 |
DKK94.4 |
| Calculation | Result | |
|---|---|---|
| Value per share (DKK) | From above. | DKK94.40 |
| Current discount | Discount to share price of
DKK59.20
= -1 x (DKK59.20 - DKK94.40) / DKK94.40 |
37.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Alm. Brand's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Alm. Brand's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Alm. Brand's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Alm. Brand's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in DKK | DKK3.59 |
| CPSE:ALMB Share Price ** | CPSE (2019-05-24) in DKK | DKK59.2 |
| Europe Insurance Industry PE Ratio | Median Figure of 65 Publicly-Listed Insurance Companies | 12.87x |
| Denmark Market PE Ratio | Median Figure of 103 Publicly-Listed Companies | 16.47x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Alm. Brand.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = CPSE:ALMB Share Price ÷ EPS (both in DKK) = 59.2 ÷ 3.59 |
16.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alm. Brand is overvalued based on earnings compared to the Europe Insurance industry average.
- Alm. Brand is good value based on earnings compared to the Denmark market.
Price based on expected Growth
Does
Alm. Brand's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.47x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
4.7%per year |
| Europe Insurance Industry PEG Ratio | Median Figure of 53 Publicly-Listed Insurance Companies | 1.93x |
| Denmark Market PEG Ratio | Median Figure of 44 Publicly-Listed Companies | 2.11x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.47x ÷ 4.7% |
3.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alm. Brand is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Alm. Brand's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in DKK | DKK31.36 |
| CPSE:ALMB Share Price * | CPSE (2019-05-24) in DKK | DKK59.2 |
| Europe Insurance Industry PB Ratio | Median Figure of 73 Publicly-Listed Insurance Companies | 1.28x |
| Denmark Market PB Ratio | Median Figure of 135 Publicly-Listed Companies | 1.61x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = CPSE:ALMB Share Price ÷ Book Value per Share (both in DKK) = 59.2 ÷ 31.36 |
1.89x |
* Primary Listing of Alm. Brand.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alm. Brand is overvalued based on assets compared to the Europe Insurance industry average.
Value checks
We assess Alm. Brand's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Alm. Brand has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Alm. Brand expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Alm. Brand's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Alm. Brand's earnings growth is positive but not above the Denmark market average.
- Alm. Brand's revenues are expected to decrease over the next 1-3 years, this is below the Denmark market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| CPSE:ALMB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 4.7% |
| CPSE:ALMB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | -8.3% |
| Europe Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 9% |
| Europe Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| Denmark Market Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Denmark Market Revenue Growth Rate | Market Cap Weighted Average | 6.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in DKK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5,594 | 681 | 677 | 2 |
| 2020-12-31 | 5,493 | 656 | 655 | 2 |
| 2019-12-31 | 5,380 | 690 | 650 | 2 |
| Date (Data in DKK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 8,017 | 1,643 | 566 |
| 2018-12-31 | 7,972 | 1,463 | 569 |
| 2018-09-30 | 8,538 | 1,279 | 614 |
| 2018-06-30 | 8,395 | 1,385 | 705 |
| 2018-03-31 | 8,094 | 1,221 | 776 |
| 2017-12-31 | 7,919 | 1,046 | 811 |
| 2017-09-30 | 8,081 | 1,097 | 883 |
| 2017-06-30 | 7,990 | 1,083 | 876 |
| 2017-03-31 | 7,960 | 1,313 | 855 |
| 2016-12-31 | 7,872 | 1,387 | 826 |
| 2016-09-30 | 6,924 | 1,481 | 772 |
| 2016-06-30 | 6,941 | 1,344 | 676 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Alm. Brand Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in DKK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 4.57 | 4.68 | 4.45 | 2.00 |
| 2020-12-31 | 4.33 | 4.47 | 4.19 | 2.00 |
| 2019-12-31 | 4.21 | 4.32 | 4.09 | 2.00 |
| Date (Data in DKK Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.59 |
| 2018-12-31 | 3.60 |
| 2018-09-30 | 3.88 |
| 2018-06-30 | 4.42 |
| 2018-03-31 | 4.83 |
| 2017-12-31 | 5.02 |
| 2017-09-30 | 5.43 |
| 2017-06-30 | 5.35 |
| 2017-03-31 | 5.19 |
| 2016-12-31 | 4.98 |
| 2016-09-30 | 4.62 |
| 2016-06-30 | 4.02 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Alm. Brand's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Alm. Brand has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Alm. Brand performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Alm. Brand's year on year earnings growth rate has been positive over the past 5 years.
- Alm. Brand's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Alm. Brand's 1-year earnings growth is negative, it can't be compared to the Europe Insurance industry average.
Earnings and Revenue History
All data from Alm. Brand Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in DKK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 8,017.00 | 566.00 | 1,256.00 | |
| 2018-12-31 | 7,972.00 | 569.00 | 1,256.00 | |
| 2018-09-30 | 8,538.00 | 614.00 | 900.00 | |
| 2018-06-30 | 8,395.00 | 705.00 | 900.00 | |
| 2018-03-31 | 8,094.00 | 776.00 | 900.00 | |
| 2017-12-31 | 7,919.00 | 811.00 | 900.00 | |
| 2017-09-30 | 8,081.00 | 883.00 | 812.00 | |
| 2017-06-30 | 7,990.00 | 876.00 | 812.00 | |
| 2017-03-31 | 7,960.00 | 855.00 | 812.00 | |
| 2016-12-31 | 7,872.00 | 826.00 | 812.00 | |
| 2016-09-30 | 6,924.00 | 772.00 | 737.00 | |
| 2016-06-30 | 6,941.00 | 676.00 | 737.00 | |
| 2016-03-31 | 6,963.00 | 573.00 | 737.00 | |
| 2015-12-31 | 7,071.00 | 524.00 | 737.00 | |
| 2015-09-30 | 8,348.00 | 499.00 | 743.00 | |
| 2015-06-30 | 8,298.00 | 366.00 | 743.00 | |
| 2015-03-31 | 8,355.00 | 408.00 | 743.00 | |
| 2014-12-31 | 8,306.00 | 320.00 | 743.00 | |
| 2014-09-30 | 6,978.00 | 225.00 | 744.00 | |
| 2014-06-30 | 7,003.00 | 307.00 | 744.00 | |
| 2014-03-31 | 6,892.00 | 222.00 | 744.00 | |
| 2013-12-31 | 6,791.00 | 174.00 | 744.00 | |
| 2013-09-30 | 7,586.00 | 260.00 | 736.00 | |
| 2013-06-30 | 7,605.00 | 190.00 | 736.00 | |
| 2013-03-31 | 7,598.00 | 233.00 | 736.00 | |
| 2012-12-31 | 7,604.00 | 296.00 | 736.00 | |
| 2012-09-30 | 7,444.00 | -179.00 | 733.00 | |
| 2012-06-30 | 7,400.00 | -301.00 | 733.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Alm. Brand has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Alm. Brand used its assets more efficiently than the Europe Insurance industry average last year based on Return on Assets.
- It is difficult to establish if Alm. Brand improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Alm. Brand's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Alm. Brand has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Alm. Brand's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Alm. Brand's finances.
The net worth of a company is the difference between its assets and liabilities.
- Alm. Brand is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Alm. Brand's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Alm. Brand Company Filings, last reported 1 month ago.
| Date (Data in DKK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 4,909.00 | 1,512.00 | 1,146.00 |
| 2018-12-31 | 4,748.00 | 1,006.00 | 1,093.00 |
| 2018-09-30 | 4,716.00 | 991.00 | 1,111.00 |
| 2018-06-30 | 4,605.00 | 900.00 | 1,312.00 |
| 2018-03-31 | 4,991.00 | 905.00 | 995.00 |
| 2017-12-31 | 4,936.00 | 906.00 | 500.00 |
| 2017-09-30 | 4,885.00 | 945.00 | 418.00 |
| 2017-06-30 | 4,684.00 | 1,019.00 | 554.00 |
| 2017-03-31 | 5,360.00 | 1,118.00 | 213.00 |
| 2016-12-31 | 5,200.00 | 1,487.00 | 923.00 |
| 2016-09-30 | 5,111.00 | 1,166.00 | 496.00 |
| 2016-06-30 | 4,905.00 | 1,614.00 | 637.00 |
| 2016-03-31 | 5,275.00 | 1,530.00 | 422.00 |
| 2015-12-31 | 5,165.00 | 1,364.00 | 629.00 |
| 2015-09-30 | 5,170.00 | 2,739.00 | 826.00 |
| 2015-06-30 | 4,995.00 | 1,716.00 | 1,223.00 |
| 2015-03-31 | 4,991.00 | 2,062.00 | 1,149.00 |
| 2014-12-31 | 4,847.00 | 2,567.00 | 1,201.00 |
| 2014-09-30 | 4,756.00 | 2,558.00 | 922.00 |
| 2014-06-30 | 4,869.00 | 2,500.00 | 1,283.00 |
| 2014-03-31 | 4,750.00 | 3,054.00 | 1,430.00 |
| 2013-12-31 | 4,676.00 | 4,017.00 | 1,034.00 |
| 2013-09-30 | 4,658.00 | 3,915.00 | 961.00 |
| 2013-06-30 | 4,517.00 | 5,516.00 | 1,977.00 |
| 2013-03-31 | 4,538.00 | 5,000.00 | 1,215.00 |
| 2012-12-31 | 4,506.00 | 6,043.00 | 1,185.00 |
| 2012-09-30 | 4,426.00 | 7,970.00 | 1,385.00 |
| 2012-06-30 | 4,366.00 | 10,947.00 | 2,941.00 |
- Alm. Brand's level of debt (30.8%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (64.1% vs 30.8% today).
- Debt is well covered by operating cash flow (108.7%, greater than 20% of total debt).
- Unable to confirm if the interest payments on Alm. Brand's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Alm. Brand's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Alm. Brand has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Alm. Brand's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
DKK2,000 of
Alm. Brand
shares you are expected to receive
DKK101
in your first year as a dividend.
Dividend Amount
- Alm. Brand's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.62%).
- Alm. Brand's dividend is above the markets top 25% of dividend payers in Denmark (4.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Europe Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 65 Stocks | 5% |
| Denmark Market Average Dividend Yield | Market Cap Weighted Average of 78 Stocks | 2.5% |
| Denmark Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| Denmark Bottom 25% Dividend Yield | 25th Percentile | 1.6% |
| Denmark Top 25% Dividend Yield | 75th Percentile | 4.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in DKK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 3.00 | 2.00 |
| 2020-12-31 | 3.00 | 2.00 |
| 2019-12-31 | 3.00 | 2.00 |
| Date (Data in DKK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-27 | 3.000 | 4.993 |
| 2019-02-05 | 3.000 | 5.337 |
| 2018-02-05 | 3.000 | 5.043 |
| 2017-04-26 | 5.000 | 7.856 |
| 2016-03-02 | 1.500 | 2.974 |
| 2015-02-25 | 0.500 | 1.164 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alm. Brand has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Alm. Brand only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of
Alm. Brand's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.4x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
Income/ dividend checks
We assess Alm. Brand's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Alm. Brand afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Alm. Brand has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | DKK9,675,000 |
| AGE | 63 |
| TENURE AS CEO | 17.4 years |
CEO Bio
Mr. Søren Boe Mortensen has been the Chief Executive Officer of Alm. Brand A/S since December 2001. He serves as Member of Management Board at Alm. Brand A/S. Mr. Mortensen serves as the Chief Executive Officer of Alm. Brand af 1792 fmba. He serves as General Manager of Alm. Brand Invest II A/S and Alm. Brand Holding II A/S. He served as Deputy Managing Partner of Consulting Services of Decision Software, Inc. He served as an Acting Chief Executive of Alm Brand Bank from May 2011 to July 31, 2011. He served as the Chief Executive Officer of Alm Brand Bank AS since December 2001. Mr. Mortensen has been Chairman of Alm. Brand Formue A/S since September 2009 and Alm. Brand Pantebreve A/S since May 2010. He serves as the Chairman of the Board at A/S Det Kjøbenhavnske Reassurance-Compagni Forsikringsaktieselskabet Alm., Alm. Brand Holding II A/S, Europort Limited, Alm. Brand Provinsforsikring A/S, Alm. Brand Rejseforsikring A/S, Alm. Brand Invest II A/S, Alm. Brand Service ApS, Ejendomsselskabet Søndergade 6, Kolding ApS, Alm. Brand Forsikring A/S, Finansieringsselskabet Balder A/S, Asgaard Finans A/S, Dansk Projektadministration II A/S and Dansk Projektadministration A/S. He has been the Chairman of Finansieringsselskabet AF since 1992 and A/S, Ejendomsaktieselskabet Idrætsparken, Finansieringsfondet AF since 1992. He serves as Deputy Chairman of the Board of Directors of Alm. Brand Private Equity A/S and Investeringsforeningen Alm. Brand Invest. He serves as Deputy Chairman of the Board of Directors of Forsikringsakademiet A/S. He served as Deputy Chairman of Alm. Brand Formue A/S from July 2003 to September 2009. He has been Member of Management Board at Alm. Brand A/S since 1998. He serves as Member of the Board of Directors of Forsikring og Pension. He serves as a Member of the Board of Directors at Alm. Brand Ejendomsinvest A/S, Forsikringsselskabet Alm. Brand Liv og Pension A/S, Alm. Brand PræmieService A/S, Frigg Invest A/S, Idun Invest A/S, Sanexco Partners III ApS, Bøg Invest 3 & 4 ApS, Bøg Invest 5 ApS and Bankaktieselskabet Alm. He has been a Director of Alm. Brand Formue A/S since July 1, 2003 and Alm. Brand Pantebreve A/S since January 5, 1997. He serves as Member of the Board of Directors of Forsikringshøjskolen Rungstedgaard A/S and Fonden Forsikringshøjskolen. He serves as a Directors of The Danish Insurance Association and HenrikIK N. Mr. Mortensen serves as Director of Alm Brand Bank AS since 1998.
CEO Compensation
- Søren's compensation has been consistent with company performance over the past year, both up more than 20%.
- Søren's remuneration is about average for companies of similar size in Denmark.
Management Team Tenure
Average tenure and age of the Alm. Brand management team in years:
- The tenure for the Alm. Brand management team is about average.
Management Team
Søren Mortensen
CEO & Member of Management Board
DKK10M
63
17.4 yrs
Rasmus Nielsen
Chief Financial Officer
49
1.8 yrs
Susanne Biltoft
Head of Information & Investor Relations and Director of Communications
55
Tue Christensen
Director of Group Legal
47
2.3 yrs
Henrik Gundorph
Director of Human Resources
61
Bjarne Schønfeld
Executive Vice President of Region Jylland Nord
Jesper Sørensen
Managing Director of Non-Life Insurance & Chief Executive of Alm Brand Forsikring
60
Kim Wadstrøm
Managing Director of Bank & Pension
54
1.3 yrs
Rasmus Lynge
Executive Vice President - Customers
49
Poul-Erik Winther
Group Chief Auditor
Board of Directors Tenure
Average tenure and age of the Alm. Brand board of directors in years:
- The tenure for the Alm. Brand board of directors is about average.
Board of Directors
Jørgen Mikkelsen
Chairman of the Board
DKK1M
64
10.3 yrs
Jan Pedersen
Deputy Chairman of the Board
DKK795K
62
Anette Eberhard
Director
DKK610K
57
4.1 yrs
Flemming Jørgensen
Director
DKK355K
65
1.1 yrs
Boris Kjeldsen
Director
DKK450K
59
16.1 yrs
Per Hasling Frandsen
Director
DKK355K
66
10.1 yrs
Susanne Larsen
Employee Representative Director
DKK275K
54
13.1 yrs
Helle Frederiksen
Employee Representative Director
DKK275K
56
9.1 yrs
Ebbe Castella
Director
DKK450K
68
6.1 yrs
Karen Hansen-Hoeck
Director
DKK275K
53
6.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (DKK) | Value (DKK) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Alm. Brand's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Alm. Brand has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Does Alm. Brand A/S's (CPH:ALMB) CEO Pay Matter?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Brand How Does Søren Mortensen's Compensation Compare With Similar Sized Companies? … Remuneration for Søren Mortensen is close enough to the median pay for a CEO of a similar sized company.
Simply Wall St - – Full articleWhat To Know Before Buying Alm. Brand A/S (CPH:ALMB) For Its Dividend
Dividend paying stocks like Alm. … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.
Simply Wall St - – Full articleShould We Worry About Alm. Brand A/S's (CPH:ALMB) P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to Alm. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhy Alm. Brand A/S (CPH:ALMB) Is An Attractive Investment To Consider
Looking at the company as a whole, as a potential stock investment, I believe ALMB has a lot to offer. … that has been able to sustain great financial health over the past … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleHow Do Analysts See Alm. Brand A/S (CPH:ALMB) Performing Over The Next Year?
Brand A/S's (CPH:ALMB) earnings announcement on 31 December 2018, … as a 11% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 22%.
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Alm. Brand A/S's (CPH:ALMB) Shareholder Register?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Brand has a market capitalization of ø9.7b, so we would expect some institutional investors to have noticed the stock. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWill Alm. Brand A/S's (CPH:ALMB) Earnings Grow In The Next Couple Of Years?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Brand A/S (CPH:ALMB) announced its most recent earnings update, which
Simply Wall St - – Full articleHow Should Investors Feel About Alm. Brand A/S's (CPH:ALMB) CEO Pay?
In 2001 Søren Mortensen was appointed CEO of Alm. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Søren Mortensen's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhat Does Alm. Brand A/S's (CPH:ALMB) P/E Ratio Tell You?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Alm. Brand A/S (CPH:ALMB) A Great Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Brand A/S (CPH:ALMB) has paid a dividend to shareholders. … How I analyze a dividend stock
Simply Wall St - – Full articleCompany Info
Description
Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark. The company offers banking products and services to private customers and small and medium-sized enterprises; and financial markets services comprising bonds, equity and currency trading and research, and asset management services, as well as leases cars to private and commercial customers. It also provides advisory services. The company offers its non-life insurance products for the personal, commercial, and agricultural segments through insurance shops, independent insurance shops, and business partners. Its life and pension insurance products include coverage for death, disability, and critical illness; and savings comprising capital pension plans, installment pensions, and annuity schemes for private individuals, farmers, and owners and employees of small businesses. The company operates 19 branches in Denmark. Alm. Brand A/S is headquartered in Copenhagen, Denmark. Alm. Brand A/S is a subsidiary of Alm. Brand af 1792 Fmba.
Details
| Name: | Alm. Brand A/S |
| ALMB | |
| Exchange: | CPSE |
| Founded: | |
| DKK10,261,528,318 | |
| 173,336,627 | |
| Website: | http://www.almbrand.dk |
| Address: |
Alm. Brand A/S Midtermolen 7, Copenhagen, Capital Region of Denmark, 2100, Denmark |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| CPSE | ALMB | Registered Shares | OMX Nordic Exchange Copenhagen | DK | DKK | 02. Jan 1992 | |
| DB | 1AM | Registered Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0DJI | Registered Shares | London Stock Exchange | GB | DKK | 02. Jan 1992 | |
| BATS-CHIXE | ALMBC | Registered Shares | BATS 'Chi-X Europe' | GB | DKK | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/24 20:50 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/16 |
| Last earnings filing: | 2019/05/07 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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 here.
