Topdanmark Valuation
Is TOPC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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 TOPC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TOPC (DKK349.8) is trading below our estimate of fair value (DKK411.74)
Significantly Below Fair Value: TOPC is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TOPC?
Other financial metrics that can be useful for relative valuation.
| What is TOPC's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | DKK 32.69b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3x |
| Enterprise Value/EBITDA | 19.9x |
| PEG Ratio | 3.2x |
Price to Earnings Ratio vs Peers
How does TOPC's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.1x | ||
HSX Hiscox | 7x | -0.8% | UK£3.9b |
DLG Direct Line Insurance Group | 12.6x | 14.5% | UK£2.6b |
BEZ Beazley | 5.6x | -2.7% | UK£4.6b |
ADM Admiral Group | 23.2x | 13.8% | UK£7.9b |
TOPC Topdanmark | 31x | 9.5% | DKK 32.7b |
Price-To-Earnings vs Peers: TOPC is expensive based on its Price-To-Earnings Ratio (31x) compared to the peer average (12.1x).
Price to Earnings Ratio vs Industry
How does TOPC's PE Ratio compare vs other companies in the European Insurance Industry?
Price-To-Earnings vs Industry: TOPC is expensive based on its Price-To-Earnings Ratio (31x) compared to the European Insurance industry average (10.8x).
Price to Earnings Ratio vs Fair Ratio
What is TOPC'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 31x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TOPC'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | DKK 346.61 0% | 9.2% | DKK 400.00 | DKK 300.00 | n/a | 8 |
| Jun ’25 | DKK 291.60 | DKK 322.31 +10.5% | 10.4% | DKK 400.00 | DKK 290.00 | n/a | 8 |
| May ’25 | DKK 293.60 | DKK 322.31 +9.8% | 10.4% | DKK 400.00 | DKK 290.00 | n/a | 8 |
| Apr ’25 | n/a | DKK 316.03 0% | 12.4% | DKK 405.00 | DKK 265.00 | n/a | 8 |
| Mar ’25 | n/a | DKK 318.40 0% | 12.0% | DKK 405.00 | DKK 265.00 | n/a | 8 |
| Feb ’25 | DKK 296.00 | DKK 322.90 +9.1% | 11.2% | DKK 405.00 | DKK 280.00 | n/a | 8 |
| Jan ’25 | n/a | DKK 319.40 0% | 13.7% | DKK 410.00 | DKK 270.00 | n/a | 8 |
| Dec ’24 | DKK 321.20 | DKK 320.65 -0.2% | 13.6% | DKK 410.00 | DKK 270.00 | n/a | 8 |
| Nov ’24 | DKK 320.20 | DKK 319.40 -0.2% | 12.9% | DKK 400.00 | DKK 270.00 | n/a | 8 |
| Oct ’24 | n/a | DKK 321.43 0% | 13.0% | DKK 405.00 | DKK 270.00 | n/a | 8 |
| Sep ’24 | n/a | DKK 325.05 0% | 13.8% | DKK 420.00 | DKK 270.00 | n/a | 8 |
| Aug ’24 | DKK 308.90 | DKK 321.30 +4.0% | 13.4% | DKK 420.00 | DKK 270.00 | n/a | 8 |
| Jul ’24 | DKK 336.00 | DKK 361.87 +7.7% | 12.2% | DKK 420.00 | DKK 270.00 | n/a | 10 |
| Jun ’24 | DKK 361.00 | DKK 365.44 +1.2% | 12.1% | DKK 420.00 | DKK 270.00 | DKK 291.60 | 10 |
| May ’24 | DKK 387.30 | DKK 365.44 -5.6% | 12.1% | DKK 420.00 | DKK 270.00 | DKK 293.60 | 10 |
| Apr ’24 | DKK 358.60 | DKK 366.75 +2.3% | 12.6% | DKK 435.00 | DKK 270.00 | n/a | 11 |
| Mar ’24 | DKK 378.60 | DKK 364.83 -3.6% | 12.8% | DKK 435.00 | DKK 270.00 | n/a | 10 |
| Feb ’24 | DKK 370.20 | DKK 367.33 -0.8% | 12.9% | DKK 435.00 | DKK 270.00 | DKK 296.00 | 10 |
| Jan ’24 | n/a | DKK 376.08 0% | 11.2% | DKK 435.00 | DKK 270.00 | n/a | 10 |
| Dec ’23 | DKK 372.40 | DKK 388.09 +4.2% | 6.1% | DKK 435.00 | DKK 346.80 | DKK 321.20 | 9 |
| Nov ’23 | DKK 352.20 | DKK 380.98 +8.2% | 6.3% | DKK 415.00 | DKK 337.00 | DKK 320.20 | 10 |
| Oct ’23 | DKK 352.60 | DKK 391.48 +11.0% | 6.8% | DKK 435.00 | DKK 346.80 | n/a | 10 |
| Sep ’23 | DKK 385.20 | DKK 389.68 +1.2% | 6.5% | DKK 435.00 | DKK 346.80 | n/a | 10 |
| Aug ’23 | DKK 353.00 | DKK 392.28 +11.1% | 7.0% | DKK 435.00 | DKK 346.80 | DKK 308.90 | 10 |
| Jul ’23 | DKK 352.00 | DKK 398.87 +13.3% | 5.9% | DKK 435.00 | DKK 349.00 | DKK 336.00 | 10 |
Analyst Forecast: Target price is lower than the current share price.