Topdanmark A/S

CPSE:TOP Stock Report

Market Cap: DKK 4.3b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Topdanmark Valuation

Is TOP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of TOP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: TOP (DKK364.6) is trading below our estimate of fair value (DKK471.08)

Significantly Below Fair Value: TOP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOP?

Key metric: As TOP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TOP. This is calculated by dividing TOP's market cap by their current earnings.
What is TOP's PE Ratio?
PE Ratio29.4x
EarningsDKK 1.10b
Market CapDKK 4.32b

Price to Earnings Ratio vs Peers

How does TOP's PE Ratio compare to its peers?

The above table shows the PE ratio for TOP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.9x
ALMB Alm. Brand
25.6x7.81%DKK 26.0b
TRYG Tryg
20.1x4.44%DKK 97.4b
FAF First American Financial
12.9x9.11%US$6.2b
KMPR Kemper
9.1x22.71%US$2.3b
TOP Topdanmark
29.4x13.77%DKK 4.3b

Price-To-Earnings vs Peers: TOP is good value based on its Price-To-Earnings Ratio (29.4x) compared to the peer average (40.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does TOP's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TOP 29.4xIndustry Avg. 13.8xNo. of Companies15PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOP is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the European Insurance industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is TOP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TOP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.4x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: TOP is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TOP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Jan ’27n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Dec ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Nov ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Oct ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Sep ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Aug ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Jul ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Jun ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
May ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Apr ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Mar ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Feb ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Jan ’26n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Dec ’25n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Nov ’25n/a
DKK 368.10
0%
0.52%DKK 370.00DKK 366.00n/a4
Oct ’25DKK 365.00
DKK 359.46
-1.52%
6.28%DKK 371.00DKK 300.00n/a8
Sep ’25DKK 373.40
DKK 359.46
-3.73%
6.28%DKK 371.00DKK 300.00n/a8
Aug ’25DKK 371.80
DKK 359.46
-3.32%
6.28%DKK 371.00DKK 300.00n/a8
Jul ’25DKK 369.00
DKK 353.49
-4.20%
8.59%DKK 400.00DKK 300.00n/a8
Jun ’25DKK 293.00
DKK 323.06
+10.26%
10.21%DKK 400.00DKK 290.00n/a8
May ’25DKK 289.00
DKK 323.06
+11.79%
10.21%DKK 400.00DKK 290.00n/a8
Apr ’25DKK 295.00
DKK 322.09
+9.18%
12.29%DKK 405.00DKK 265.00n/a8
Mar ’25DKK 313.20
DKK 323.71
+3.36%
12.01%DKK 405.00DKK 265.00n/a8
Feb ’25DKK 307.40
DKK 328.21
+6.77%
10.98%DKK 405.00DKK 280.00n/a8
Jan ’25DKK 322.40
DKK 319.40
-0.93%
13.72%DKK 410.00DKK 270.00n/a8
DKK 368.1
Fair Value
0.9% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/10/22 06:15
End of Day Share Price 2024/10/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

Topdanmark A/S is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew BroadfieldBarclays
Tryfonas SpyrouBerenberg
Alexander MackenzieBNP Paribas