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 Denmark, the United Kingdom, the United States, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record with adequate balance sheet.
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
7.6%
TRYG
8.0%
DK Insurance
1.1%
DK Market
1 Year Return
-6.2%
TRYG
-22.8%
DK Insurance
5.7%
DK Market
Return vs Industry: TRYG exceeded the Danish Insurance industry which returned -22.8% over the past year.
Return vs Market: TRYG underperformed the Danish Market which returned 5.7% over the past year.
Shareholder returns
| TRYG | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.6% | 8.0% | 1.1% |
| 30 Day | 5.4% | -6.0% | 2.2% |
| 90 Day | -7.1% | -27.4% | -6.2% |
| 1 Year | -3.1%-6.2% | -18.2%-22.8% | 7.7%5.7% |
| 3 Year | 66.3%44.6% | -0.4%-14.8% | 34.4%23.2% |
| 5 Year | 54.6%17.4% | 5.0%-18.9% | 31.8%15.1% |
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 month ago | Simply Wall St
Can Tryg A/S (CPH:TRYG) Maintain Its Strong Returns?1 month ago | Simply Wall St
Does Tryg A/S's (CPH:TRYG) CEO Pay Matter?2 months ago | Simply Wall St
Tryg A/S Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next YearValuation
Is Tryg undervalued compared to its fair value and its price relative to the market?
19.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRYG (DKK185) is trading below our estimate of fair value (DKK229.43)
Significantly Below Fair Value: TRYG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TRYG is poor value based on its PE Ratio (19.6x) compared to the Insurance industry average (9.5x).
PE vs Market: TRYG is poor value based on its PE Ratio (19.6x) compared to the Danish market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: TRYG is poor value based on its PEG Ratio (29.6x)
Price to Book Ratio
PB vs Industry: TRYG is overvalued based on its PB Ratio (4.6x) 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 8 analysts?
0.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRYG's forecast earnings growth (0.7% per year) is above the savings rate (-0.3%).
Earnings vs Market: TRYG's earnings (0.7% per year) are forecast to grow slower than the Danish market (12.2% per year).
High Growth Earnings: TRYG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRYG's revenue (1.8% per year) is forecast to grow slower than the Danish market (6% per year).
High Growth Revenue: TRYG's revenue (1.8% 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 (29.9%)
Next Steps
Past Performance
How has Tryg performed over the past 5 years?
0.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRYG has high quality earnings.
Growing Profit Margin: TRYG's current net profit margins (12.9%) are higher than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: TRYG's earnings have grown by 0.3% per year over the past 5 years.
Accelerating Growth: TRYG's earnings growth over the past year (64.2%) exceeds its 5-year average (0.3% per year).
Earnings vs Industry: TRYG earnings growth over the past year (64.2%) exceeded the Insurance industry 11.4%.
Return on Equity
High ROE: TRYG's Return on Equity (23.5%) is considered high.
Next Steps
Financial Health
How is Tryg's financial position?
Financial Position Analysis
Short Term Liabilities: TRYG's short term assets (DKK49.7B) exceed its short term liabilities (DKK35.2B).
Long Term Liabilities: TRYG's short term assets (DKK49.7B) exceed its long term liabilities (DKK11.8B).
Debt to Equity History and Analysis
Debt Level: TRYG's debt to equity ratio (51.2%) is considered high.
Reducing Debt: TRYG's debt to equity ratio has increased from 43.1% to 51.2% over the past 5 years.
Debt Coverage: TRYG's debt is well covered by operating cash flow (58.7%).
Interest Coverage: TRYG's interest payments on its debt are well covered by EBIT (21.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Tryg's current dividend yield, its reliability and sustainability?
3.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRYG's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Danish market (1.71%).
High Dividend: TRYG's dividend (3.68%) is low compared to the top 25% of dividend payers in the Danish market (4.27%).
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 reasonable payout ratio (72.2%), TRYG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRYG's dividends in 3 years are not forecast to be well covered by earnings (95.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Morten Hübbe (47yo)
9.25s
Tenure
ø14,443,500
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 ($USD2.10M) is about average for companies of similar size in the Danish market ($USD2.32M).
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 | 9.25yrs | ø14.44m | 0.065% DKK36.3m | |
| Group CFO & Member of Executive Board | 1.08yrs | ø6.44m | no data | |
| Group COO & Member of Executive Board | 14.25yrs | ø7.01m | 0.023% DKK13.0m | |
| Group Chief Commercial Officer & Member of Executive Board | 2.25yrs | ø6.75m | 0.0081% DKK4.5m | |
| Investor Relations Officer | 4.5yrs | 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 | 4.25yrs | no data | no data | |
| Managing Director and Country Manager of Moderna Forsakringar | 4.42yrs | no data | no data | |
| Senior Vice President of Commercial for Norway | 4.25yrs | no data | no data |
4.3yrs
Average Tenure
47.5yo
Average Age
Experienced Management: TRYG's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Supervisory Board Member | 5.08yrs | ø787.50k | 0.00087% DKK485.6k | |
| Independent Supervisory Board Member | 10.25yrs | ø695.00k | 0.0023% DKK1.3m | |
| Deputy Chairman of Insurance Group | 14yrs | ø237.64k | no data | |
| Independent Supervisory Board Member | 8yrs | ø695.00k | 0.0014% DKK798.1k | |
| Employee Representative Supervisory Board Member | 10.25yrs | ø537.50k | 0.00034% DKK189.8k | |
| Independent Supervisory Board Chairman | 2.08yrs | ø1.67m | 0.0013% DKK742.3k | |
| Independent Supervisory Board Vice Chairman | 9.25yrs | ø1.31m | 0.0093% DKK5.2m | |
| Supervisory Board Member | 7.25yrs | ø810.00k | 0.00096% DKK535.8k | |
| Employee Representative Supervisory Board Member | 3.08yrs | ø382.50k | 0.00027% DKK150.7k | |
| Supervisory Board Member | 1.08yrs | ø292.50k | no data |
7.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: TRYG's board of directors are considered experienced (7.6 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: ø55.815b
- Shares outstanding: 301.70m
- Website: https://www.tryg.com
Number of Employees
Location
- Tryg A/S
- Klausdalsbrovej 601
- Ballerup
- Capital Region of Denmark
- 2670
- 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 |
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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 23:49 |
| End of Day Share Price | 2020/04/08 00:00 |
| Earnings | 2019/12/31 |
| 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.