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.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and slightly overvalued.
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
1.8%
ALMB
1.6%
DK Insurance
1.8%
DK Market
1 Year Return
11.7%
ALMB
18.6%
DK Insurance
23.0%
DK Market
Return vs Industry: ALMB underperformed the Danish Insurance industry which returned 18.6% over the past year.
Return vs Market: ALMB underperformed the Danish Market which returned 23% over the past year.
Shareholder returns
| ALMB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 1.6% | 1.8% |
| 30 Day | 2.8% | -0.7% | 2.9% |
| 90 Day | 6.4% | 3.9% | 9.2% |
| 1 Year | 17.1%11.7% | 26.3%18.6% | 26.8%23.0% |
| 3 Year | 31.3%9.6% | 38.1%17.8% | 57.4%44.0% |
| 5 Year | 145.2%89.9% | 66.7%27.9% | 89.3%63.2% |
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
The Case For Alm. Brand A/S (CPH:ALMB): Could It Be A Nice Addition To Your Dividend Portfolio?2 weeks ago | Simply Wall St
If You Had Bought Alm. Brand (CPH:ALMB) Shares Five Years Ago You'd Have Made 75%1 month ago | Simply Wall St
Is Alm. Brand A/S (CPH:ALMB) Potentially Undervalued?Valuation
Is Alm. Brand undervalued compared to its fair value and its price relative to the market?
46.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALMB (DKK58.1) is trading below our estimate of fair value (DKK108.27)
Significantly Below Fair Value: ALMB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALMB is poor value based on its PE Ratio (18.7x) compared to the Insurance industry average (12.3x).
PE vs Market: ALMB is poor value based on its PE Ratio (18.7x) compared to the Danish market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: ALMB is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: ALMB is overvalued based on its PB Ratio (2x) compared to the XE Insurance industry average (1.2x).
Next Steps
Future Growth
How is Alm. Brand forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
8.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALMB's forecast earnings growth (8.9% per year) is above the savings rate (-0.3%).
Earnings vs Market: ALMB's earnings (8.9% per year) are forecast to grow slower than the Danish market (12.1% 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 (-6.6% per year).
High Growth Revenue: ALMB's revenue is forecast to decline over the next 3 years (-6.6% 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 (13.6%).
Next Steps
Past Performance
How has Alm. Brand performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALMB has high quality earnings.
Growing Profit Margin: ALMB's current net profit margins (6.2%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: ALMB's earnings have grown by 8.8% 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 (-20.4%) over the past year, making it difficult to compare to the Insurance industry average (8.5%).
Return on Equity
High ROE: ALMB's Return on Equity (10.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Alm. Brand's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ALMB has a low level of unsold assets or inventory.
Debt Coverage by Assets: ALMB's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: ALMB's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ALMB has a sufficient allowance for bad loans.
Low Risk Liabilities: ALMB reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ALMB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ALMB has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ALMB has an appropriate level of bad loans.
Next Steps
Dividend
What is Alm. Brand's current dividend yield, its reliability and sustainability?
5.16%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ALMB's dividend (5.16%) is higher than the bottom 25% of dividend payers in the Danish market (1.52%).
High Dividend: ALMB's dividend (5.16%) is in the top 25% of dividend payers in the Danish market (5.02%)
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.2%), ALMB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALMB's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).
Next Steps
Management
What is the CEO of Alm. Brand's salary, the management and board of directors tenure and is there insider trading?
0.5yrs
Average management tenure
CEO
Rasmus Nielsen (50yo)
0.2yrs
Tenure
Mr. Rasmus Werner Nielsen has been a Member of the Management Board at Alm. Brand A/S since 2019. He serves as Vice Chairman of the Board at Alm. Brand Forsikring A/S and serves as its Acting Chief Executi ...
Management Age and Tenure
0.5yrs
Average Tenure
50yo
Average Age
Experienced Management: ALMB's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Age and Tenure
9.7yrs
Average Tenure
61.5yo
Average Age
Experienced Board: ALMB's board of directors are considered experienced (9.7 years average tenure).
Insider Trading
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.
Management Team
Bjarne Schønfeld
Executive Vice President of Region Jylland Nord
- Tenure: 0yrs
Henrik Gundorph (62yo)
Director of Human Resources
- Tenure: 0yrs
Lars Holm
Head of Investor Relations
- Tenure: 0yrs
Peter Flemmer (48yo)
Senior Vice President of Non-life Insurance - Commercial
- Tenure: 0.5yrs
Pia Steffensen (56yo)
Senior Vice President of Non-life Insurance - Private
- Tenure: 0.5yrs
Brian Olsen (55yo)
Senior Vice Director of Claims Processing
- Tenure: 13.7yrs
Rasmus Nielsen (50yo)
Executive VP of Insurance Non-Life
- Tenure: 0.2yrs
Tue Christensen (48yo)
Director & Senior VP of Group Legal
- Tenure: 2.8yrs
Andreas Madsen
Chief Group Risk Officer & Acting CFO
- Tenure: 0.2yrs
Kristjan Jørgensen (45yo)
Chief Press & Communication Officer
- Tenure: 0.9yrs
Board Members
Flemming Jørgensen (66yo)
Director
- Tenure: 1.7yrs
- Compensation: ø355.00k
Jørgen Mikkelsen (65yo)
Chairman of the Board
- Tenure: 10.9yrs
- Compensation: ø1.07m
Boris Kjeldsen (60yo)
Director
- Tenure: 16.7yrs
- Compensation: ø450.00k
Per Hasling Frandsen (67yo)
Director
- Tenure: 10.7yrs
- Compensation: ø355.00k
Susanne Larsen (55yo)
Employee Representative Director
- Tenure: 13.7yrs
- Compensation: ø275.00k
Anette Eberhard (58yo)
Director
- Tenure: 4.7yrs
- Compensation: ø610.00k
Ebbe Castella (69yo)
Director
- Tenure: 6.7yrs
- Compensation: ø450.00k
Helle Frederiksen (57yo)
Employee Representative Director
- Tenure: 9.7yrs
- Compensation: ø275.00k
Jan Pedersen (63yo)
Deputy Chairman of the Board
- Tenure: 0yrs
- Compensation: ø795.00k
Karen Hansen-Hoeck (54yo)
Director
- Tenure: 6.7yrs
- Compensation: ø275.00k
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: 1792
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ø9.956b
- Shares outstanding: 170.77m
- 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 | 2019/12/11 20:45 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.