Executive Summary
Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Alm. Brand's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALMB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.7%
ALMB
0.2%
DK Insurance
1.0%
DK Market
1 Year Return
38.9%
ALMB
-20.1%
DK Insurance
31.9%
DK Market
Return vs Industry: ALMB exceeded the Danish Insurance industry which returned -21.9% over the past year.
Return vs Market: ALMB exceeded the Danish Market which returned 29.3% over the past year.
Shareholder returns
| ALMB | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.7% | 0.2% | 1.0% |
| 30 Day | 8.2% | -6.0% | 2.8% |
| 90 Day | 14.3% | -7.2% | 6.9% |
| 1 Year | 38.9%38.9% | -15.6%-20.1% | 34.4%31.9% |
| 3 Year | 27.7%16.3% | -5.3%-19.1% | 47.8%36.2% |
| 5 Year | 138.1%86.4% | 19.4%-7.9% | 69.6%48.0% |
Price Volatility Vs. Market
How volatile is Alm. Brand's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Alm. Brand A/S' (CPH:ALMB) Price Is Out Of Tune With Earnings3 weeks ago | Simply Wall St
Should You Or Shouldn't You: A Dividend Analysis on Alm. Brand A/S (CPH:ALMB)1 month ago | Simply Wall St
Alm. Brand A/S' (CPH:ALMB) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Valuation
Is Alm. Brand undervalued compared to its fair value and its price relative to the market?
3.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALMB (DKK72.7) is trading below our estimate of fair value (DKK75.26)
Significantly Below Fair Value: ALMB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ALMB is poor value based on its PE Ratio (24.1x) compared to the XE Insurance industry average (10.2x).
PE vs Market: ALMB is poor value based on its PE Ratio (24.1x) compared to the Danish market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: ALMB is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: ALMB is overvalued based on its PB Ratio (2.3x) compared to the XE Insurance industry average (1x).
Next Steps
Future Growth
How is Alm. Brand forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
11.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALMB's forecast earnings growth (11.9% per year) is above the savings rate (0.3%).
Earnings vs Market: ALMB's earnings (11.9% per year) are forecast to grow slower than the Danish market (13.2% per year).
High Growth Earnings: ALMB's earnings are forecast to grow, but not significantly.
Revenue vs Market: ALMB's revenue is expected to decline over the next 3 years (-11% per year).
High Growth Revenue: ALMB's revenue is forecast to decline over the next 3 years (-11% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALMB's Return on Equity is forecast to be low in 3 years time (14.7%).
Next Steps
Past Performance
How has Alm. Brand performed over the past 5 years?
-4.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALMB has high quality earnings.
Growing Profit Margin: ALMB's current net profit margins (5%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: ALMB's earnings have declined by 4.9% per year over the past 5 years.
Accelerating Growth: ALMB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALMB had negative earnings growth (-14.2%) over the past year, making it difficult to compare to the Insurance industry average (-5.3%).
Return on Equity
High ROE: ALMB's Return on Equity (9.6%) is considered low.
Next Steps
Financial Health
How is Alm. Brand's financial position?
Financial Position Analysis
Short Term Liabilities: ALMB's short term assets (DKK1.6B) exceed its short term liabilities (DKK1.2B).
Long Term Liabilities: ALMB's short term assets (DKK1.6B) do not cover its long term liabilities (DKK36.5B).
Debt to Equity History and Analysis
Debt Level: ALMB's debt to equity ratio (40%) is considered satisfactory.
Reducing Debt: ALMB's debt to equity ratio has increased from 34.8% to 40% over the past 5 years.
Debt Coverage: ALMB's debt is well covered by operating cash flow (65.4%).
Interest Coverage: ALMB's interest payments on its debt are well covered by EBIT (26.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Alm. Brand current dividend yield, its reliability and sustainability?
4.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALMB's dividend (4.13%) is higher than the bottom 25% of dividend payers in the Danish market (1.31%).
High Dividend: ALMB's dividend (4.13%) is in the top 25% of dividend payers in the Danish market (3.43%)
Stability and Growth of Payments
Stable Dividend: ALMB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ALMB's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (99.3%), ALMB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALMB's dividends in 3 years are forecast to be covered by earnings (86.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Rasmus Nielsen (51 yo)
0.92
Tenure
Mr. Rasmus Werner Nielsen serves as the Chief Executive Officer of Alm. Brand A/S since June 22, 2020. He has been a Member of the Management Board at Alm. Brand A/S since 2019 and also served as its Actin ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of the Management Board | 0.92yr | no data | 0.013% DKK 1.5m | |
| Group Chief Financial Officer | 0.92yr | no data | no data | |
| Executive VP of Business Development & Digitalization and COO | no data | no data | no data | |
| First VP & Senior VP of Investor Relations | no data | no data | no data | |
| Director & Senior VP of Group Legal | 3.5yrs | no data | no data | |
| Chief Communication Officer | no data | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Executive Vice President of Region Jylland Nord | no data | no data | no data | |
| Senior Vice President of Non-life Insurance - Commercial | 1.25yrs | no data | no data | |
| Senior Vice President of Non-life Insurance - Private | 1.25yrs | no data | no data | |
| Senior Vice Director of Claims Processing | 14.42yrs | no data | no data | |
| Senior VP & Regional Manager of Copenhagen - Private Non-life Insurance Sales | 1.25yrs | no data | no data |
1.3yrs
Average Tenure
49yo
Average Age
Experienced Management: ALMB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 2.42yrs | kr.340.00k | no data | |
| Chairman of the Board | 11.67yrs | kr.1.12m | 0.19% DKK 20.8m | |
| Director | 17.42yrs | kr.485.00k | 0.0056% DKK 628.8k | |
| Employee Representative Director | 14.42yrs | kr.300.00k | 0.0023% DKK 254.0k | |
| Director | 5.42yrs | kr.615.00k | 0.0021% DKK 236.1k | |
| Employee Representative Director | 10.42yrs | kr.300.00k | 0.0016% DKK 174.5k | |
| Deputy Chairman of the Board | no data | kr.840.00k | 0.0078% DKK 872.7k | |
| Director | 7.42yrs | kr.300.00k | no data | |
| Employee Representative Director | 6.42yrs | kr.300.00k | 0.00065% DKK 72.7k | |
| Director | 0.083yr | no data | no data | |
| Director | 11.42yrs | kr.340.00k | 0.020% DKK 2.3m | |
| Employee Representative Director | 2.5yrs | kr.300.00k | 0.0056% DKK 625.4k |
7.4yrs
Average Tenure
58.5yo
Average Age
Experienced Board: ALMB's board of directors are considered experienced (7.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Alm. Brand A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alm. Brand A/S
- Ticker: ALMB
- Exchange: CPSE
- Founded:
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: kr.11.189b
- Shares outstanding: 153.90m
- Website: https://www.almbrand.dk
Number of Employees
Location
- Alm. Brand A/S
- Midtermolen 7
- Copenhagen
- Capital Region of Denmark
- 2100
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALMB | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Registered Shares | DK | DKK | Jan 1992 |
| 0DJI | LSE (London Stock Exchange) | Yes | Registered Shares | GB | DKK | Jan 1992 |
| ALMBC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Registered Shares | GB | DKK | Jan 1992 |
| 1AM | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Jan 1992 |
Biography
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 pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/30 21:26 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.