Tryg
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.
Add to Portfolio Compare Print
TRYG Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tryg.
| 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.
| 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.
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Tryg's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Tryg's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Tryg Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Tryg's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Tryg Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Tryg's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tryg has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
DKK2,000 of
Tryg
shares you are expected to receive
DKK65
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Tryg's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Tryg management team is about average.
Management Team
Morten Hübbe
Group CEO & Member of Executive Board
DKK19M
46
8.3 yrs
Lars Bonde
Group COO & Member of Executive Board
DKK10M
53
13.3 yrs
Johan Brammer
Group Chief Commercial Officer & Member of Executive Board
DKK10M
42
1.3 yrs
Barbara Jensen
Group CFO & Member of Executive Board
47
0.2 yrs
Gianandrea Roberti
Head of IR
3.6 yrs
Tanja Frederiksen
Head of Communications
Jens Galsgaard
Chief Internal Auditor
Jesper Joensen
Group Executive Vice President of Claims and Senior Vice President of Corporate DK
55
3.3 yrs
Linnéa Ecorcheville
Managing Director and Country Manager of Moderna Forsakringar
3.5 yrs
Espen Stroemme
Senior Vice President of Commercial for Norway
44
3.3 yrs
Board of Directors Tenure
Average tenure and age of the Tryg board of directors in years:
- The tenure for the Tryg board of directors is about average.
Board of Directors
Jukka Pertola
Supervisory Board Chairman
DKK1M
58
1.2 yrs
Torben Nielsen
Supervisory Board Vice Chairman
DKK1M
71
8.3 yrs
Bodil Andersen
Deputy Chairman of Insurance Group
DKK238K
78
13.1 yrs
Tina Snejbjerg
Employee Representative Supervisory Board Member
DKK500K
56
9.3 yrs
Lene Skole-Sørensen
Supervisory Board Member
DKK650K
59
9.3 yrs
Mari Thjømøe
Supervisory Board Member
DKK650K
56
7.1 yrs
Lone Hansen
Employee Representative Supervisory Board Member
DKK500K
52
7.3 yrs
Ida Jensen
Supervisory Board Member
DKK600K
60
6.3 yrs
Carl-Viggo Östlund
Supervisory Board Member
DKK600K
63
4.2 yrs
Tom Eileng
Employee Representative Supervisory Board Member
DKK460K
64
3.2 yrs
Who owns this company?
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 | ||
Management checks
We assess Tryg's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCan 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 - – Full articleIs 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 - – Full articleWill 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 - – Full articleDoes 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 - – Full articleUpdate: 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 - – Full articleWhat 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 - – Full articleWhy 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 - – Full articleWhat 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 - – Full articleTryg 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 - – Full articleCompany 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
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.
