Executive Summary
Tryg A/S, together with its subsidiaries, provides insurance products and services for private and corporate customers, and small and medium sized businesses in the Nordic region. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has Tryg's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRYG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.5%
TRYG
-3.5%
DK Insurance
-2.0%
DK Market
1 Year Return
6.7%
TRYG
-23.9%
DK Insurance
33.9%
DK Market
Return vs Industry: TRYG exceeded the Danish Insurance industry which returned -24.1% over the past year.
Return vs Market: TRYG underperformed the Danish Market which returned 35.6% over the past year.
Shareholder returns
| TRYG | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -3.5% | -2.0% |
| 30 Day | 2.3% | -5.9% | 5.8% |
| 90 Day | 2.0% | -9.2% | 6.2% |
| 1 Year | 8.4%6.7% | -20.3%-23.9% | 36.5%33.9% |
| 3 Year | 50.1%33.5% | -8.1%-21.4% | 53.3%41.8% |
| 5 Year | 108.9%61.5% | 14.0%-12.1% | 71.1%49.7% |
Price Volatility Vs. Market
How volatile is Tryg's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Earnings Update: Tryg A/S (CPH:TRYG) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts1 week ago | Simply Wall St
Tryg A/S' (CPH:TRYG) Stock Is Going Strong: Have Financials A Role To Play?1 month ago | Simply Wall St
What Type Of Shareholders Make Up Tryg A/S' (CPH:TRYG) Share Registry?Valuation
Is Tryg undervalued compared to its fair value and its price relative to the market?
24.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRYG (DKK200.6) is trading above our estimate of fair value (DKK179.54)
Significantly Below Fair Value: TRYG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRYG is poor value based on its PE Ratio (24.8x) compared to the XE Insurance industry average (10.4x).
PE vs Market: TRYG is poor value based on its PE Ratio (24.8x) compared to the Danish market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: TRYG is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: TRYG is overvalued based on its PB Ratio (4.7x) compared to the XE Insurance industry average (1x).
Next Steps
Future Growth
How is Tryg forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
5.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRYG's forecast earnings growth (5.5% per year) is above the savings rate (0.3%).
Earnings vs Market: TRYG's earnings (5.5% per year) are forecast to grow slower than the Danish market (11.9% per year).
High Growth Earnings: TRYG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRYG's revenue (2.4% per year) is forecast to grow slower than the Danish market (6.3% per year).
High Growth Revenue: TRYG's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRYG's Return on Equity is forecast to be high in 3 years time (23.3%)
Next Steps
Past Performance
How has Tryg performed over the past 5 years?
0.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRYG has high quality earnings.
Growing Profit Margin: TRYG's current net profit margins (11.1%) are higher than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: TRYG's earnings have grown by 0.6% per year over the past 5 years.
Accelerating Growth: TRYG's earnings growth over the past year (8.1%) exceeds its 5-year average (0.6% per year).
Earnings vs Industry: TRYG earnings growth over the past year (8.1%) exceeded the Insurance industry -4.4%.
Return on Equity
High ROE: TRYG's Return on Equity (19.1%) is considered low.
Next Steps
Financial Health
How is Tryg's financial position?
Financial Position Analysis
Short Term Liabilities: TRYG's short term assets (DKK6.9B) do not cover its short term liabilities (DKK34.2B).
Long Term Liabilities: TRYG's short term assets (DKK6.9B) do not cover its long term liabilities (DKK11.6B).
Debt to Equity History and Analysis
Debt Level: TRYG's debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: TRYG's debt to equity ratio has reduced from 65.6% to 23.2% over the past 5 years.
Debt Coverage: TRYG's debt is well covered by operating cash flow (83.5%).
Interest Coverage: TRYG's interest payments on its debt are well covered by EBIT (22.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Tryg current dividend yield, its reliability and sustainability?
3.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRYG's dividend (3.39%) is higher than the bottom 25% of dividend payers in the Danish market (1.27%).
High Dividend: TRYG's dividend (3.39%) is in the top 25% of dividend payers in the Danish market (3.36%)
Stability and Growth of Payments
Stable Dividend: TRYG's dividend payments have been volatile in the past 10 years.
Growing Dividend: TRYG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21%), TRYG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRYG's dividends in 3 years are forecast to be covered by earnings (63.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Morten Hübbe (48 yo)
9.75yrs
Tenure
kr.14,443,500
Compensation
Mr. Morten Hübbe serves as Vice Chairman of the Board at SimCorp A/S since March 27, 2019. He has been the Group Chief Executive Officer of TrygVesta A/S and Tryg A/S since Feburary 1, 2011 and has been it ...
CEO Compensation Analysis
Compensation vs Market: Morten's total compensation ($USD2.29M) is about average for companies of similar size in the Danish market ($USD2.27M).
Compensation vs Earnings: Morten's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Member of Executive Board | 9.75yrs | kr.14.44m | 0.065% DKK 39.4m | |
| Group CFO & Member of Executive Board | 1.58yrs | kr.6.44m | no data | |
| Group COO & Member of Executive Board | 14.75yrs | kr.7.01m | 0.023% DKK 14.1m | |
| Group Chief Commercial Officer & Member of Executive Board | 2.75yrs | kr.6.75m | 0.0081% DKK 4.9m | |
| Investor Relations Officer | 5yrs | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Chief Internal Auditor | no data | no data | no data | |
| Group Executive Vice President of Claims and Senior Vice President of Corporate DK | 4.75yrs | no data | no data | |
| Managing Director and Country Manager of Moderna Forsakringar | 4.92yrs | no data | no data | |
| Senior Vice President of Commercial for Norway | 4.75yrs | no data | no data | |
| Head of Commercial | 2.5yrs | no data | no data | |
| Chief Legal Advisor | no data | no data | no data |
4.8yrs
Average Tenure
49yo
Average Age
Experienced Management: TRYG's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Supervisory Board Member | 5.58yrs | kr.787.50k | 0.00087% DKK 526.6k | |
| Independent Supervisory Board Member | 10.75yrs | kr.695.00k | 0.0023% DKK 1.4m | |
| Deputy Chairman of Insurance Group | 14.5yrs | kr.237.64k | no data | |
| Independent Supervisory Board Member | 8.5yrs | kr.695.00k | 0.0014% DKK 865.6k | |
| Employee Representative Supervisory Board Member | 10.75yrs | kr.537.50k | 0.00034% DKK 205.8k | |
| Independent Supervisory Board Chairman | 2.58yrs | kr.1.67m | 0.0013% DKK 805.1k | |
| Independent Supervisory Board Vice Chairman | 9.75yrs | kr.1.31m | 0.0093% DKK 5.6m | |
| Supervisory Board Member | 7.75yrs | kr.810.00k | 0.00096% DKK 581.1k | |
| Employee Representative Supervisory Board Member | 3.58yrs | kr.382.50k | 0.00027% DKK 163.4k | |
| Supervisory Board Member | 1.58yrs | kr.292.50k | 0.00083% DKK 502.4k | |
| Supervisory Board Member | 1.58yrs | kr.292.50k | no data | |
| Employee Representative Supervisory Board Member | 0.58yr | no data | no data |
6.7yrs
Average Tenure
61yo
Average Age
Experienced Board: TRYG's board of directors are considered experienced (6.7 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
Tryg A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tryg A/S
- Ticker: TRYG
- Exchange: CPSE
- Founded: 1731
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: kr.60.531b
- Shares outstanding: 301.75m
- Website: https://www.tryg.com
Number of Employees
Location
- Tryg A/S
- Klausdalsbrovej 601
- Ballerup
- Capital Region of Denmark
- 2750
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRYG | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Share Capital | DK | DKK | Oct 2005 |
| T2V1 | DB (Deutsche Boerse AG) | Yes | Share Capital | DE | EUR | Oct 2005 |
| 0R78 | LSE (London Stock Exchange) | Yes | Share Capital | GB | DKK | Oct 2005 |
| TGVS.F | OTCPK (Pink Sheets LLC) | Yes | Share Capital | US | USD | Oct 2005 |
| TRYGC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | DKK | Oct 2005 |
| TRYG | WBAG (Wiener Boerse AG) | Yes | Share Capital | AT | EUR | Oct 2005 |
Biography
Tryg A/S, together with its subsidiaries, provides insurance products and services for private and corporate customers, and small and medium sized businesses in the Nordic region. The company operates thro ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 20:45 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.