Alm. Brand A/S

CPSE:ALMB Stock Report

Market Cap: DKK 22.8b

Alm. Brand Past Earnings Performance

Past criteria checks 1/6

Alm. Brand has been growing earnings at an average annual rate of 33.3%, while the Insurance industry saw earnings growing at 13.1% annually. Revenues have been growing at an average rate of 15.5% per year. Alm. Brand's return on equity is 8.4%, and it has net margins of 6.5%.

Key information

33.34%

Earnings growth rate

-31.82%

EPS growth rate

Insurance Industry Growth7.60%
Revenue growth rate15.49%
Return on equity8.37%
Net Margin6.54%
Next Earnings Update28 Oct 2026

Recent past performance updates

Recent updates

Narrative Update Jun 26

ALMB: Capital Returns And Earnings Quality Are Expected To Support Higher P/E

Analysts have trimmed their fair value estimate for Alm. Brand from DKK 20.63 to DKK 19.70, citing updated assumptions around discount rates, revenue trends and profitability following recent Street research updates.
Narrative Update Apr 26

ALMB: Earnings Quality And Cost Control Will Support Higher Future P/E

The analyst price target for Alm. Brand has moved from DKK21.50 to DKK20.63, as analysts factor in softer revenue growth assumptions alongside slightly higher profit margin expectations and updated P/E comparables, informed by recent research views that range from more constructive to neutral.
Narrative Update Apr 11

ALMB: Dividend Discipline And Earnings Quality Will Support Higher Future P/E

Analysts have nudged their price target on Alm. Brand slightly lower, from DKK 21.83 to DKK 21.50, reflecting updated assumptions on fair value and future P/E in light of recent mixed initiation views from the Street.
Narrative Update Mar 28

ALMB: Earnings Quality And Dividend Commitment Will Support Higher Future P/E

Analysts have nudged their DKK price target on Alm. Brand slightly higher, citing updated expectations for revenue growth, profit margin and future P/E, as well as fresh bullish research coverage supporting the revised view.
Narrative Update Mar 13

ALMB: Earnings Quality And Dividend Commitment Will Support Higher Future P/E

Analysts keep their DKK 21.83 fair value estimate for Alm. Brand unchanged, citing a slightly softer revenue growth outlook along with steady profit margin and P/E assumptions, supported by recent research that maintains a constructive stance on the shares.
Narrative Update Feb 27

ALMB: Earnings Quality And Dividend Commitment Will Support Richer Future P/E Upside

Analysts have nudged their price target on Alm. Brand slightly higher to about DKK 21.83 from roughly DKK 21.67, citing updated assumptions for revenue trends, margins, and a somewhat richer future P/E multiple.
Narrative Update Feb 11

ALMB: Earnings Quality And Dividend Commitment Will Underpin Bullish Barclays-Initiated Upside

Analysts have nudged their price target for Alm. Brand slightly higher, from DKK 21.38 to DKK 21.67.
Analysis Article Feb 07

Alm. Brand's (CPH:ALMB) Dividend Will Be Increased To DKK0.66

Alm. Brand A/S ( CPH:ALMB ) has announced that it will be increasing its dividend from last year's comparable payment...
Narrative Update Jan 28

ALMB: Earnings Quality And Dividend Commitment Will Support Bullish Upside

Analysts have nudged their price target for Alm. Brand slightly higher to €21.38 from €21.13, reflecting updated views on revenue trends, profit margins and future P/E after recent bullish Street research.
Analysis Article Jan 24

Alm. Brand (CPH:ALMB) Has Announced That It Will Be Increasing Its Dividend To DKK0.66

The board of Alm. Brand A/S ( CPH:ALMB ) has announced that it will be increasing its dividend by 10% on the 14th of...
Narrative Update Jan 14

ALMB: Margin Execution And New EPS Guidance Will Support Bullish Upside

Analysts have lifted their price target on Alm. Brand from DKK20.50 to about DKK21.10, citing updated assumptions on discount rates, revenue trends, margins and future P/E that align with a recent bullish initiation from the Street.
Analysis Article Dec 03

Alm. Brand A/S (CPH:ALMB) Not Flying Under The Radar

With a price-to-earnings (or "P/E") ratio of 26.9x Alm. Brand A/S ( CPH:ALMB ) may be sending very bearish signals at...
Narrative Update Nov 06

ALMB: Solvency Capital Reduction Will Support Profits Into 2025

Narrative Update on Alm. Brand Analysts have maintained their price target for Alm.
Narrative Update Oct 23

Analysts Hold Alm. Brand Price Target Steady as Solvency Capital Requirement Drops

Narrative Update: Alm. Brand Analyst Price Target Analysts have maintained their price target for Alm.
Narrative Update Oct 08

Energy & Marine Divestment Will Enable Share Buybacks For Shareholders

Analysts have modestly raised their fair value estimate for Alm. Brand from DKK 20.00 to DKK 20.50.
Analysis Article Oct 06

Here's Why We Think Alm. Brand (CPH:ALMB) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update Aug 20

Energy & Marine Divestment Will Enable Share Buybacks For Shareholders

The upward revision in the consensus price target for Alm. Brand to DKK20.00 reflects a higher market valuation multiple, as indicated by the rise in future P/E, despite revenue growth forecasts remaining unchanged.
Analysis Article Jul 07

Alm. Brand A/S' (CPH:ALMB) P/E Still Appears To Be Reasonable

With a price-to-earnings (or "P/E") ratio of 33.5x Alm. Brand A/S ( CPH:ALMB ) may be sending very bearish signals at...
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New Narrative Jan 24

New Initiatives Will Address Rising Repair Costs In Motor Claims Segment

Profitability initiatives and FTE reductions aim to increase net margins by addressing motor claims and lowering administrative costs.
Analysis Article Oct 13

Investors Interested In Alm. Brand A/S' (CPH:ALMB) Earnings

Alm. Brand A/S' ( CPH:ALMB ) price-to-earnings (or "P/E") ratio of 30.7x might make it look like a strong sell right...
Analysis Article Jul 01

Cautious Investors Not Rewarding Alm. Brand A/S' (CPH:ALMB) Performance Completely

It's not a stretch to say that Alm. Brand A/S' ( CPH:ALMB ) price-to-sales (or "P/S") ratio of 1.4x right now seems...
Analysis Article Apr 05

Alm. Brand (CPH:ALMB) Has Affirmed Its Dividend Of DKK0.30

Alm. Brand A/S ( CPH:ALMB ) has announced that it will pay a dividend of DKK0.30 per share on the 1st of May. Including...
Analysis Article Feb 12

Alm. Brand (CPH:ALMB) Will Pay A Dividend Of DKK0.30

Alm. Brand A/S' ( CPH:ALMB ) investors are due to receive a payment of DKK0.30 per share on 1st of May. The dividend...

Revenue & Expenses Breakdown

How Alm. Brand makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

CPSE:ALMB Revenue, expenses and earnings (DKK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2613,7398982,2710
31 Mar 2613,7741,2082,2890
31 Dec 2514,0241,1482,2830
30 Sep 2513,4011,0153,2990
30 Jun 2513,4299562,2480
31 Mar 2513,3327372,2140
31 Dec 2413,5777692,2100
30 Sep 2413,7246406820
30 Jun 2413,8695228800
31 Mar 2413,9035913850
31 Dec 2313,9394392,2100
30 Sep 2314,2814922,2380
30 Jun 2314,6944233,5700
31 Mar 2314,248493,6660
31 Dec 2212,103-1771,8820
30 Sep 229,444-1401,3620
30 Jun 226,852-1159370
31 Mar 225,3412398730
31 Dec 215,3945063190
30 Sep 215,3694865050
30 Jun 215,3545684100
31 Mar 214,8196103390
31 Dec 205,2375612600
30 Sep 206,3794652320
30 Jun 207,0684072320
31 Mar 208,2543222320
31 Dec 198,5684672320
30 Sep 197,6714891,2560
30 Jun 197,6435451,2560
31 Mar 197,8375661,2560
31 Dec 187,7925691,2560
30 Sep 188,5956149000
30 Jun 188,4527059000
31 Mar 188,0947769000
31 Dec 177,9198119000
30 Sep 178,0818838120
30 Jun 177,9908768120
31 Mar 177,9608558120
31 Dec 167,8728268120
30 Sep 166,9247727370
30 Jun 166,9416767370
31 Mar 166,9635737370
31 Dec 157,0715247370
30 Sep 158,3484997430

Quality Earnings: ALMB has a large one-off loss of DKK520.0M impacting its last 12 months of financial results to 30th June, 2026.

Growing Profit Margin: ALMB's current net profit margins (6.5%) are lower than last year (7.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ALMB's earnings have grown significantly by 33.3% 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 (-6.1%) over the past year, making it difficult to compare to the Insurance industry average (20.6%).


Return on Equity

High ROE: ALMB's Return on Equity (8.4%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/12 16:44
End of Day Share Price 2026/08/12 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alm. Brand A/S is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Alessia MagniBarclays
Carl LofthagenBerenberg