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Tryg

CPSE:TRYG
Snowflake Description

Limited growth with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRYG
CPSE
DKK63B
Market Cap
  1. Home
  2. DK
  3. Insurance
Company description

Tryg A/S, together with its subsidiaries, provides insurance products and services for private and corporate customers, and small and medium sized businesses in Denmark, the United Kingdom, the United States, and internationally. The last earnings update was 41 days ago. More info.


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TRYG Share Price and Events
7 Day Returns
1.9%
CPSE:TRYG
2.3%
Europe Insurance
0.7%
DK Market
1 Year Returns
42.5%
CPSE:TRYG
-1%
Europe Insurance
-1.1%
DK Market
TRYG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tryg (TRYG) 1.9% 3.5% 18.5% 42.5% 63% 100%
Europe Insurance 2.3% -4.4% 3.4% -1% 24.3% 23.6%
DK Market 0.7% -1.6% 1.3% -1.1% 3.7% 35%
1 Year Return vs Industry and Market
  • TRYG outperformed the Insurance industry which returned -1% over the past year.
  • TRYG outperformed the Market in Denmark which returned -1.1% over the past year.
Price Volatility
TRYG
Industry
5yr Volatility vs Market

Value

 Is Tryg undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tryg to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tryg.

CPSE:TRYG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= DKK39.05 * 25%
DKK9.78
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. DKK39.05
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DK Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CPSE:TRYG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DK Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 22%) (8.2%))
0.847
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (0.847 * 5.96%)
5.26%

Discounted Cash Flow Calculation for CPSE:TRYG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Tryg is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

CPSE:TRYG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (25% – 5.26%) * DKK39.05)
DKK7.72
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK7.72 / (5.26% - 0.21%)
DKK152.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK39.05 + DKK152.98
DKK192.03
CPSE:TRYG Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK192.03
Current discount Discount to share price of DKK207.80
= -1 x (DKK207.80 - DKK192.03) / DKK192.03
-8.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tryg is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tryg's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tryg's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:TRYG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in DKK DKK6.83
CPSE:TRYG Share Price ** CPSE (2019-05-21) in DKK DKK207.8
Europe Insurance Industry PE Ratio Median Figure of 65 Publicly-Listed Insurance Companies 13.01x
Denmark Market PE Ratio Median Figure of 103 Publicly-Listed Companies 15.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tryg.

CPSE:TRYG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:TRYG Share Price ÷ EPS (both in DKK)

= 207.8 ÷ 6.83

30.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tryg is overvalued based on earnings compared to the Europe Insurance industry average.
  • Tryg is overvalued based on earnings compared to the Denmark market.
Price based on expected Growth
Does Tryg's expected growth come at a high price?
Raw Data
CPSE:TRYG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
1.2%per year
Europe Insurance Industry PEG Ratio Median Figure of 53 Publicly-Listed Insurance Companies 1.88x
Denmark Market PEG Ratio Median Figure of 44 Publicly-Listed Companies 2.1x

*Line of best fit is calculated by linear regression .

CPSE:TRYG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.41x ÷ 1.2%

25.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tryg is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tryg's assets?
Raw Data
CPSE:TRYG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in DKK DKK38.35
CPSE:TRYG Share Price * CPSE (2019-05-21) in DKK DKK207.8
Europe Insurance Industry PB Ratio Median Figure of 73 Publicly-Listed Insurance Companies 1.3x
Denmark Market PB Ratio Median Figure of 135 Publicly-Listed Companies 1.61x
CPSE:TRYG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:TRYG Share Price ÷ Book Value per Share (both in DKK)

= 207.8 ÷ 38.35

5.42x

* Primary Listing of Tryg.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tryg is overvalued based on assets compared to the Europe Insurance industry average.
X
Value checks
We assess Tryg's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Tryg has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tryg expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tryg expected to grow at an attractive rate?
  • Tryg's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Tryg's earnings growth is positive but not above the Denmark market average.
  • Tryg's revenue growth is positive but not above the Denmark market average.
Annual Growth Rates Comparison
Raw Data
CPSE:TRYG Future Growth Rates Data Sources
Data Point Source Value (per year)
CPSE:TRYG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 1.2%
CPSE:TRYG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2%
Europe Insurance Industry Earnings Growth Rate Market Cap Weighted Average 8.9%
Europe Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CPSE:TRYG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:TRYG Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 22,148 2,625 1
2022-12-31 21,824 2,633 1
2021-12-31 22,384 2,664 9
2020-12-31 21,909 2,582 9
2019-12-31 21,517 2,647 7
CPSE:TRYG Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-03-31 18,806 3,675 2,064
2018-12-31 17,454 2,883 1,733
2018-09-30 17,337 1,879 2,148
2018-06-30 17,203 3,079 2,192
2018-03-31 17,348 2,146 2,337
2017-12-31 17,702 1,720 2,519
2017-09-30 17,796 1,848 2,552
2017-06-30 17,849 1,412 2,614
2017-03-31 17,902 1,637 2,635
2016-12-31 17,559 1,546 2,472
2016-09-30 17,611 1,453 2,660
2016-06-30 17,016 1,308 2,037

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tryg's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • Tryg's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CPSE:TRYG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Tryg Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:TRYG Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 8.46 8.46 8.46 1.00
2022-12-31 8.32 8.32 8.32 1.00
2021-12-31 8.82 9.31 7.92 11.00
2020-12-31 8.54 9.03 8.08 11.00
2019-12-31 8.69 9.21 8.02 9.00
CPSE:TRYG Past Financials Data
Date (Data in DKK Millions) EPS *
2019-03-31 6.83
2018-12-31 5.74
2018-09-30 7.24
2018-06-30 7.56
2018-03-31 8.26
2017-12-31 9.12
2017-09-30 9.29
2017-06-30 9.48
2017-03-31 9.50
2016-12-31 8.85
2016-09-30 9.48
2016-06-30 7.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tryg is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Tryg's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tryg has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tryg performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tryg's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tryg's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Tryg's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tryg's 1-year earnings growth is negative, it can't be compared to the Europe Insurance industry average.
Earnings and Revenue History
Tryg's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tryg Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:TRYG Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 18,806.00 2,064.00 624.00
2018-12-31 17,454.00 1,733.00 600.00
2018-09-30 17,337.00 2,148.00 572.00
2018-06-30 17,203.00 2,192.00 582.00
2018-03-31 17,348.00 2,337.00 611.00
2017-12-31 17,702.00 2,519.00 614.00
2017-09-30 17,796.00 2,552.00 692.00
2017-06-30 17,849.00 2,614.00 694.00
2017-03-31 17,902.00 2,635.00 698.00
2016-12-31 17,559.00 2,472.00 708.00
2016-09-30 17,611.00 2,660.00 648.00
2016-06-30 17,016.00 2,037.00 688.00
2016-03-31 16,867.00 1,850.00 673.00
2015-12-31 17,202.00 1,920.00 678.00
2015-09-30 16,950.00 1,805.00 711.00
2015-06-30 17,671.00 2,287.00 708.00
2015-03-31 18,283.00 2,608.00 713.00
2014-12-31 18,359.00 2,547.00 734.00
2014-09-30 18,572.00 2,478.00 729.00
2014-06-30 18,950.00 2,597.00 736.00
2014-03-31 18,961.00 2,258.00 767.00
2013-12-31 19,515.00 2,373.00 781.00
2013-09-30 20,298.00 2,203.00 770.00
2013-06-30 20,774.00 2,233.00 779.00
2013-03-31 20,745.00 2,213.00 798.00
2012-12-31 20,910.00 2,180.00 805.00
2012-09-30 20,831.00 2,124.00 828.00
2012-06-30 19,887.00 1,560.00 844.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tryg has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tryg used its assets more efficiently than the Europe Insurance industry average last year based on Return on Assets.
  • Tryg's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tryg's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tryg has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tryg's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tryg's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tryg's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tryg's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tryg's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tryg Company Filings, last reported 1 month ago.

CPSE:TRYG Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,585.00 5,150.00 451.00
2018-12-31 11,334.00 7,743.00 41,481.00
2018-09-30 11,814.00 3,734.00 410.00
2018-06-30 11,697.00 5,132.00 1,208.00
2018-03-31 11,582.00 3,496.00 742.00
2017-12-31 12,616.00 4,429.00 42,941.00
2017-09-30 8,604.00 3,474.00 465.00
2017-06-30 8,363.00 3,600.00 333.00
2017-03-31 8,110.00 3,773.00 281.00
2016-12-31 9,437.00 4,477.00 39,727.00
2016-09-30 9,168.00 4,894.00 434.00
2016-06-30 9,534.00 5,628.00 586.00
2016-03-31 9,111.00 6,785.00 431.00
2015-12-31 9,644.00 5,836.00 39,903.00
2015-09-30 9,235.00 6,067.00 228.00
2015-06-30 10,036.00 4,907.00 678.00
2015-03-31 9,571.00 4,732.00 758.00
2014-12-31 11,119.00 4,786.00 42,359.00
2014-09-30 10,716.00 4,173.00 767.00
2014-06-30 10,525.00 3,825.00 683.00
2014-03-31 11,480.00 2,902.00 639.00
2013-12-31 11,107.00 4,645.00 42,716.00
2013-09-30 10,854.00 4,144.00 716.00
2013-06-30 10,324.00 4,715.00 1,009.00
2013-03-31 11,664.00 3,309.00 1,113.00
2012-12-31 10,979.00 3,081.00 43,775.00
2012-09-30 10,365.00 4,893.00 928.00
2012-06-30 9,610.00 5,758.00 473.00
  • Tryg's level of debt (44.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.4% vs 44.5% today).
  • Debt is well covered by operating cash flow (71.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.5x coverage).
X
Financial health checks
We assess Tryg's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tryg has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tryg's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.27%
Current annual income from Tryg dividends. Estimated to be 3.68% next year.
If you bought DKK2,000 of Tryg shares you are expected to receive DKK65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tryg's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.62%).
  • Tryg's dividend is below the markets top 25% of dividend payers in Denmark (4.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CPSE:TRYG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Insurance Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 4.9%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.5%
Denmark Minimum Threshold Dividend Yield 10th Percentile 1%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CPSE:TRYG Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 8.23 1.00
2021-12-31 8.17 11.00
2020-12-31 7.97 11.00
2019-12-31 7.46 10.00
CPSE:TRYG Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-04-10 6.800 3.353
2019-01-22 6.600 3.713
2018-10-11 6.600 4.097
2018-07-10 6.600 4.220
2018-04-11 6.600 4.496
2018-01-23 9.710 6.741
2017-10-10 6.400 4.187
2017-07-11 6.400 4.488
2017-04-07 6.400 4.730
2017-01-20 6.200 4.794
2016-03-16 7.000 5.480
2015-10-09 5.000 3.959
2015-07-10 5.000 3.740
2015-03-25 5.800 3.967
2014-04-04 5.400 4.361
2013-04-18 5.200 5.166
2012-10-15 3.360 3.929
2012-08-14 3.050 4.096
2012-02-08 1.304 2.036
2011-04-14 0.800 1.339
2010-03-01 3.100 4.990
2010-02-25 3.100 4.448

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tryg has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Tryg only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Tryg's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Tryg's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tryg afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tryg has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tryg's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Morten Hübbe
COMPENSATION DKK18,799,877
AGE 46
TENURE AS CEO 8.3 years
CEO Bio

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 its Member of Group Executive Management since 2003. Mr. Hubbe serves as the Chief Executive Officer of Tryg Forsikring A/S at Tryg A/S. He served as Group Chief Financial Officer and Executive Vice President of Tryg A/S (formerly Tryg Vesta Group A/S) from 2002 to January 31, 2011. Mr. Hubbe's other Executive positions include: Member of the Executive Management of Tryg i Danmark smba and Tryg Forsikring A/S. He had been a Director, Employee-elected representative of SimCorp A/S since May 31, 2018 until March 27, 2019. He serves as the Chairman of Dansk Kaution A/S. He served as Chairman of the Supervisory Board of Tryg Garantiforsikring A/S until September 2011. He serves as a Member of the Supervisory Board of Tryg Forsikring II A/S, Tryg-Baltica Forsikring, internationalt forsikringsselskab A/S, Dansk Kaution A/S (alternate name, Dansk Kautionsforsikrings-Aktieselskab A/S), Tryg Ejendomme II/DKE A/S, Vesta Forsikring AS, m Tryg Polska Towarzyst Ubezpieczen SA and Hoyteknolo^isenteret AS. He serves as Chairman and Director at Alka. He serves as Deputy Chairman and Director at Kapitalforeningen Tryg Invest Funds. He serves as Board Member at KBC BV. Mr. Hubbe holds BSc in International Business Administration and Modern Languages and MSc in Finance and Accounting and Management Programme at Wharton.

CEO Compensation
  • Morten's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Morten's remuneration is higher than average for companies of similar size in Denmark.
Management Team Tenure

Average tenure and age of the Tryg management team in years:

3.4
Average Tenure
46.5
Average Age
  • The tenure for the Tryg management team is about average.
Management Team

Morten Hübbe

TITLE
Group CEO & Member of Executive Board
COMPENSATION
DKK19M
AGE
46
TENURE
8.3 yrs

Lars Bonde

TITLE
Group COO & Member of Executive Board
COMPENSATION
DKK10M
AGE
53
TENURE
13.3 yrs

Johan Brammer

TITLE
Group Chief Commercial Officer & Member of Executive Board
COMPENSATION
DKK10M
AGE
42
TENURE
1.3 yrs

Barbara Jensen

TITLE
Group CFO & Member of Executive Board
AGE
47
TENURE
0.2 yrs

Gianandrea Roberti

TITLE
Head of IR
TENURE
3.6 yrs

Tanja Frederiksen

TITLE
Head of Communications

Jens Galsgaard

TITLE
Chief Internal Auditor

Jesper Joensen

TITLE
Group Executive Vice President of Claims and Senior Vice President of Corporate DK
AGE
55
TENURE
3.3 yrs

Linnéa Ecorcheville

TITLE
Managing Director and Country Manager of Moderna Forsakringar
TENURE
3.5 yrs

Espen Stroemme

TITLE
Senior Vice President of Commercial for Norway
AGE
44
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Tryg board of directors in years:

7.2
Average Tenure
59.5
Average Age
  • The tenure for the Tryg board of directors is about average.
Board of Directors

Jukka Pertola

TITLE
Supervisory Board Chairman
COMPENSATION
DKK1M
AGE
58
TENURE
1.2 yrs

Torben Nielsen

TITLE
Supervisory Board Vice Chairman
COMPENSATION
DKK1M
AGE
71
TENURE
8.3 yrs

Bodil Andersen

TITLE
Deputy Chairman of Insurance Group
COMPENSATION
DKK238K
AGE
78
TENURE
13.1 yrs

Tina Snejbjerg

TITLE
Employee Representative Supervisory Board Member
COMPENSATION
DKK500K
AGE
56
TENURE
9.3 yrs

Lene Skole-Sørensen

TITLE
Supervisory Board Member
COMPENSATION
DKK650K
AGE
59
TENURE
9.3 yrs

Mari Thjømøe

TITLE
Supervisory Board Member
COMPENSATION
DKK650K
AGE
56
TENURE
7.1 yrs

Lone Hansen

TITLE
Employee Representative Supervisory Board Member
COMPENSATION
DKK500K
AGE
52
TENURE
7.3 yrs

Ida Jensen

TITLE
Supervisory Board Member
COMPENSATION
DKK600K
AGE
60
TENURE
6.3 yrs

Carl-Viggo Östlund

TITLE
Supervisory Board Member
COMPENSATION
DKK600K
AGE
63
TENURE
4.2 yrs

Tom Eileng

TITLE
Employee Representative Supervisory Board Member
COMPENSATION
DKK460K
AGE
64
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (DKK) Value (DKK)
24. Jan 19 Buy Lars Bonde Individual 24. Jan 19 24. Jan 19 13,229 DKK170.02 DKK2,241,481
22. Jan 19 Buy Johan Brammer Individual 22. Jan 19 22. Jan 19 12,907 DKK165.01 DKK2,129,784
10. Jul 18 Buy Torben Nielsen Individual 10. Jul 18 10. Jul 18 2,000 DKK150.95 DKK301,900
X
Management checks
We assess Tryg's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tryg has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Need To Know: Tryg A/S (CPH:TRYG) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Tryg A/S (CPH:TRYG). … CPSE:TRYG Recent Insider Trading, May 13th 2019 There are plenty of other companies that have insiders buying up shares. … Insider Ownership of Tryg For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Can We See Significant Institutional Ownership On The Tryg A/S (CPH:TRYG) Share Register?

The big shareholder groups in Tryg A/S (CPH:TRYG) have power over the company. … Taking a look at our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about TRYG

Simply Wall St -

Is Tryg A/S (CPH:TRYG) An Attractive Dividend Stock?

Historically, Tryg A/S (CPH:TRYG) has paid a dividend to shareholders. … Let's dig deeper into whether Tryg should have a place in your portfolio. … Check out our latest analysis for Tryg

Simply Wall St -

Will Tryg A/S's (CPH:TRYG) Earnings Grow In The Year Ahead?

After Tryg A/S's (CPH:TRYG) earnings announcement in December 2018,. … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of -1.4%

Simply Wall St -

Does Tryg A/S's (CPH:TRYG) CEO Pay Compare Well With Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Morten Hübbe's Compensation Compare With Similar Sized Companies. … Our data indicates that Tryg A/S is worth ø54b, and total annual CEO compensation is ø19m.

Simply Wall St -

Update: Tryg Stock Gained68% In The Last Five Years

For example, the Tryg A/S (CPH:TRYG) share price is 68% higher than it was five years ago, which is more than the market average. … Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead. … So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.

Simply Wall St -

What Should We Expect From Tryg A/S's (CPH:TRYG) Earnings In The Years Ahead?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Tryg A/S's (CPH:TRYG) latest earnings update in December 2018

Simply Wall St -

Why Tryg A/S (CPH:TRYG) Looks Like A Quality Company

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every DKK1 worth of shareholders' equity, it generated DKK0.18 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Type Of Shareholder Owns Tryg A/S's (CPH:TRYG)?

Generally speaking, as a company grows, institutions will increase their ownership. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutional investors have bought into the company.

Simply Wall St -

Tryg A/S (CPH:TRYG) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Tryg A/S (CPH:TRYG). … In any event it's generally a positive if insiders are buying shares at around the current price. … But insiders sold 3.50k shares worth ø494k

Simply Wall St -

Company Info

Description

Tryg A/S, together with its subsidiaries, provides insurance products and services for private and corporate customers, and small and medium sized businesses in Denmark, the United Kingdom, the United States, and internationally. The company operates through: Private, Commercial, Corporate, and Sweden segments. It provides car, contents, house, accident, travel, motorcycles, dog, health, property, liability, transportation, group life, and boat insurance products, as well as fire and content, and worker compensation insurance products. Tryg A/S sells its products primarily through call centers, the Internet, tied agents, franchisees, interest organizations, car dealers, real estate agents, insurance brokers, and Nordea branches under the Tryg Forsikring, Alka, Enter Forsikring, Tryg, Moderna, Tryg Garanti, Moderna, Moderna Djurförsäkringar, Atlantica Båtförsäkring, Bilsport, and MC specialförsäkring brands. The company was founded in 1731 and is headquartered in Ballerup, Denmark. Tryg A/S is a subsidiary of TryghedsGruppen smba.

Details
Name: Tryg A/S
TRYG
Exchange: CPSE
Founded: 1731
DKK62,769,107,000
302,065,000
Website: http://www.tryg.com
Address: Tryg A/S
Klausdalsbrovej 601,
Ballerup,
Capital Region of Denmark, 2670,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE TRYG Share Capital OMX Nordic Exchange Copenhagen DK DKK 14. Oct 2005
OTCPK TGVS.F Share Capital Pink Sheets LLC US USD 14. Oct 2005
DB T2V1 Share Capital Deutsche Boerse AG DE EUR 14. Oct 2005
LSE 0R78 Share Capital London Stock Exchange GB DKK 14. Oct 2005
BATS-CHIXE TRYGC Share Capital BATS 'Chi-X Europe' GB DKK 14. Oct 2005
Number of employees
Current staff
Staff numbers
4,094
Tryg employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:06
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.