Alm. Brand A/S

BATS-CHIXE:ALMBC Stock Report

Market Cap: DKK 20.3b

Alm. Brand Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ALMBC (DKK13.15) is trading above our estimate of fair value (DKK3.4)

Significantly Below Fair Value: ALMBC is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ALMBC. This is calculated by dividing ALMBC's market cap by their current earnings.
What is ALMBC's PE Ratio?
PE Ratio25.7x
EarningsDKK 788.00m
Market CapDKK 20.25b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ALMBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.4x
LRE Lancashire Holdings
5.2x-7.5%UK£1.5b
DLG Direct Line Insurance Group
9.6x8.1%UK£2.1b
HSX Hiscox
6.2x-2.4%UK£3.5b
BEZ Beazley
4.7x-17.9%UK£4.8b
ALMBC Alm. Brand
25.7x14.9%DKK 20.3b

Price-To-Earnings vs Peers: ALMBC is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (5.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies14PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALMBC is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

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

ALMBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ALMBC's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst ALMBC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 16.17
0%
5.3%DKK 17.00DKK 15.00n/a3
Nov ’25DKK 13.34
DKK 15.83
+18.7%
5.4%DKK 17.00DKK 15.00n/a3
Oct ’25n/a
DKK 15.83
0%
5.4%DKK 17.00DKK 15.00n/a3
Jul ’25n/a
DKK 16.00
0%
3.1%DKK 16.50DKK 15.50n/a2
Jun ’25n/a
DKK 16.00
0%
3.1%DKK 16.50DKK 15.50n/a2
May ’25n/a
DKK 15.75
0%
1.6%DKK 16.00DKK 15.50n/a2
Apr ’25n/a
DKK 15.75
0%
1.6%DKK 16.00DKK 15.50n/a2
Mar ’25n/a
DKK 15.75
0%
1.6%DKK 16.00DKK 15.50n/a2
Feb ’25n/a
DKK 15.75
0%
1.6%DKK 16.00DKK 15.50n/a2
Jan ’25n/a
DKK 15.50
0%
3.2%DKK 16.00DKK 15.00n/a2
Dec ’24n/a
DKK 15.25
0%
1.6%DKK 15.50DKK 15.00n/a2
Aug ’24n/a
DKK 15.25
0%
1.6%DKK 15.50DKK 15.00n/a2
Jul ’24n/a
DKK 15.83
0%
1.5%DKK 16.00DKK 15.50n/a3
Jun ’24DKK 11.25
DKK 15.83
+40.7%
1.5%DKK 16.00DKK 15.50n/a3
Feb ’24DKK 12.79
DKK 15.67
+22.5%
3.0%DKK 16.00DKK 15.00n/a3
Jan ’24DKK 11.37
DKK 15.67
+37.8%
3.0%DKK 16.00DKK 15.00n/a3
Dec ’23DKK 11.71
DKK 15.67
+33.8%
3.0%DKK 16.00DKK 15.00n/a3
Nov ’23DKK 10.41
DKK 15.17
+45.7%
4.1%DKK 16.00DKK 14.50n/a3

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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