| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
ALMB Overview
Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, and life and pension insurance products and services in Denmark.
Alm. Brand Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr.49.60 |
| 52 Week High | kr.43.05 |
| 52 Week Low | kr.80.00 |
| Beta | 0.74 |
| 1 Month Change | 14.55% |
| 3 Month Change | 7.01% |
| 1 Year Change | -36.33% |
| 3 Year Change | -9.82% |
| 5 Year Change | -4.61% |
| Change since IPO | -32.52% |
Recent News & Updates
Shareholder Returns
| ALMB | DK Insurance | DK Market | |
|---|---|---|---|
| 7D | 0.2% | 0.5% | 4.7% |
| 1Y | -36.3% | 28.4% | 25.3% |
Return vs Industry: ALMB underperformed the Danish Insurance industry which returned 28.4% over the past year.
Return vs Market: ALMB underperformed the Danish Market which returned 25.3% over the past year.
Price Volatility
| ALMB volatility | |
|---|---|
| ALMB Beta | 0.74 |
| Industry Beta | 1.12 |
| Market Beta | 1 |
Stable Share Price: ALMB is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ALMB's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 1,381 | Rasmus Nielsen | https://www.almbrand.dk |
Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, and life and pension insurance products and services in Denmark. It offers its non-life insurance products for the private customers, small and medium-sized enterprises, property owners and administrators, agricultural customers, and the public sectors through insurance shops, independent insurance shops, and business partners. The company’s 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.
Alm. Brand Fundamentals Summary
| ALMB fundamental statistics | |
|---|---|
| Market Cap | kr.7.63b |
| Earnings (TTM) | kr.672.00m |
| Revenue (TTM) | kr.7.82b |
11.4x
P/E Ratio1.0x
P/S RatioIs ALMB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ALMB income statement (TTM) | |
|---|---|
| Revenue | kr.7.82b |
| Cost of Revenue | kr.5.87b |
| Gross Profit | kr.1.94b |
| Expenses | kr.1.27b |
| Earnings | kr.672.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
| Earnings per share (EPS) | 4.37 |
| Gross Margin | 24.84% |
| Net Profit Margin | 8.60% |
| Debt/Equity Ratio | 21.0% |
How did ALMB perform over the long term?
See historical performance and comparisonDividends
8.1%
Current Dividend Yield92%
Payout RatioValuation
Is Alm. Brand undervalued compared to its fair value and its price relative to the market?
27.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALMB (DKK49.6) is trading below our estimate of fair value (DKK67.97)
Significantly Below Fair Value: ALMB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALMB's PE Ratio (11.4x) is in line with the European Insurance industry average.
PE vs Market: ALMB is good value based on its PE Ratio (11.4x) compared to the Danish market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: ALMB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ALMB is overvalued based on its PB Ratio (2.4x) compared to the XE Insurance industry average (1.1x).
Future Growth
How is Alm. Brand forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-9.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALMB's earnings are forecast to decline over the next 3 years (-9.8% per year).
Earnings vs Market: ALMB's earnings are forecast to decline over the next 3 years (-9.8% per year).
High Growth Earnings: ALMB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ALMB's revenue is expected to decline over the next 3 years (-1.9% per year).
High Growth Revenue: ALMB's revenue is forecast to decline over the next 3 years (-1.9% 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 (17%).
Past Performance
How has Alm. Brand performed over the past 5 years?
-9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALMB has high quality earnings.
Growing Profit Margin: ALMB's current net profit margins (8.6%) are higher than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: ALMB's earnings have declined by 9.2% per year over the past 5 years.
Accelerating Growth: ALMB's earnings growth over the past year (49%) exceeds its 5-year average (-9.2% per year).
Earnings vs Industry: ALMB earnings growth over the past year (49%) exceeded the Insurance industry 12.7%.
Return on Equity
High ROE: ALMB's Return on Equity (21.4%) is considered high.
Financial Health
How is Alm. Brand's financial position?
Financial Position Analysis
Short Term Liabilities: ALMB's short term assets (DKK723.0M) exceed its short term liabilities (DKK563.0M).
Long Term Liabilities: ALMB's short term assets (DKK723.0M) do not cover its long term liabilities (DKK26.5B).
Debt to Equity History and Analysis
Debt Level: ALMB's debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: ALMB's debt to equity ratio has reduced from 32.8% to 21% over the past 5 years.
Debt Coverage: ALMB's debt is well covered by operating cash flow (181.5%).
Interest Coverage: ALMB's interest payments on its debt are well covered by EBIT (93.7x coverage).
Balance Sheet
Dividend
What is Alm. Brand current dividend yield, its reliability and sustainability?
8.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALMB's dividend (8.06%) is higher than the bottom 25% of dividend payers in the Danish market (1.14%).
High Dividend: ALMB's dividend (8.06%) is in the top 25% of dividend payers in the Danish market (3.05%)
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (91.5%), ALMB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALMB's dividends in 3 years are not forecast to be well covered by earnings (145.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Rasmus Nielsen (52 yo)
2yrs
Tenure
kr.8,900,000
Compensation
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
Experienced Management: ALMB's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: ALMB's board of directors are considered experienced (7 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 employee growth, exchange listings and data sources
Key Information
- Name: Alm. Brand A/S
- Ticker: ALMB
- Exchange: CPSE
- Founded: NaN
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: kr.7.633b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/20 22:00 |
| End of Day Share Price | 2021/10/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.