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ALMB

Alm. BrandCPSE:ALMB Stock Report

Market Cap

kr.7.6b

7D

0.2%

1Y

-36.3%

Updated

20 Oct, 2021

Data

Company Financials +
ALMB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends2/6

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

Summary of all time highs, changes and price drops for Alm. Brand
Historical stock prices
Current Share Pricekr.49.60
52 Week Highkr.43.05
52 Week Lowkr.80.00
Beta0.74
1 Month Change14.55%
3 Month Change7.01%
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

ALMBDK InsuranceDK Market
7D0.2%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

Is ALMB's price volatile compared to industry and market?
ALMB volatility
ALMB Beta0.74
Industry Beta1.12
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a1,381Rasmus Nielsenhttps://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

How do Alm. Brand's earnings and revenue compare to its market cap?
ALMB fundamental statistics
Market Capkr.7.63b
Earnings (TTM)kr.672.00m
Revenue (TTM)kr.7.82b

11.4x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALMB income statement (TTM)
Revenuekr.7.82b
Cost of Revenuekr.5.87b
Gross Profitkr.1.94b
Expenseskr.1.27b
Earningskr.672.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)4.37
Gross Margin24.84%
Net Profit Margin8.60%
Debt/Equity Ratio21.0%

How did ALMB perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

92%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 22:00
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.