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Alm. Brand

LSE:0DJI
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DJI
LSE
DKK11B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark. The last earnings update was 52 days ago. More info.


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0DJI Share Price and Events
7 Day Returns
3.2%
LSE:0DJI
3.5%
GB Insurance
0.6%
GB Market
1 Year Returns
-0.4%
LSE:0DJI
-5%
GB Insurance
1.1%
GB Market
0DJI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alm. Brand (0DJI) 3.2% 10.5% 18.3% -0.4% 38.5% 150.3%
GB Insurance 3.5% 4.9% 10.1% -5% 14.9% 23.7%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0DJI outperformed the Insurance industry which returned -5% over the past year.
  • 0DJI underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0DJI
Industry
5yr Volatility vs Market

Value

 Is Alm. Brand 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 Alm. Brand 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 Alm. Brand.

LSE:0DJI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= DKK31.40 * 15.6%
DKK4.91
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. DKK31.40
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0DJI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 22%) (9.14%))
0.85
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)
= 1.23% + (0.85 * 5.96%)
6.29%

Discounted Cash Flow Calculation for LSE:0DJI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Alm. Brand 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.

LSE:0DJI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.6% – 6.29%) * DKK31.40)
DKK2.94
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK2.94 / (6.29% - 1.23%)
DKK57.96
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK31.40 + DKK57.96
DKK89.36
LSE:0DJI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0DJI represents 1.00232x of CPSE:ALMB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00232x
Value per Share
(Listing Adjusted, DKK)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 89.36 x 1.00232
DKK89.57
Value per share (DKK) From above. DKK89.57
Current discount Discount to share price of DKK64.95
= -1 x (DKK64.95 - DKK89.57) / DKK89.57
27.5%

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

Current Discount
Amount off the current price Alm. Brand is available for.
Intrinsic value
27%
Share price is DKK64.95 vs Future cash flow value of DKK89.57
Current Discount Checks
For Alm. Brand to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alm. Brand's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alm. Brand's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Alm. Brand's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alm. Brand's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0DJI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in DKK DKK3.60
CPSE:ALMB Share Price ** CPSE (2019-04-17) in DKK DKK64.8
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Alm. Brand.

LSE:0DJI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 64.8 ÷ 3.60

18.01x

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

  • Alm. Brand is overvalued based on earnings compared to the GB Insurance industry average.
  • Alm. Brand is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Alm. Brand's expected growth come at a high price?
Raw Data
LSE:0DJI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.5%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0DJI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.01x ÷ 6.5%

2.77x

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

  • Alm. Brand is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Alm. Brand's assets?
Raw Data
LSE:0DJI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in DKK DKK30.30
CPSE:ALMB Share Price * CPSE (2019-04-17) in DKK DKK64.8
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0DJI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 64.8 ÷ 30.30

2.14x

* Primary Listing of Alm. Brand.

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

  • Alm. Brand is overvalued based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Alm. Brand'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. Alm. Brand has a total score of 1/6, 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 Alm. Brand expected to perform in the next 1 to 3 years based on estimates from 2 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
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alm. Brand expected to grow at an attractive rate?
  • Alm. Brand's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Alm. Brand's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Alm. Brand's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0DJI Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0DJI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.5%
LSE:0DJI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -11.4%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0DJI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0DJI Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,608 699 2
2020-12-31 5,509 655 660 2
2019-12-31 5,399 648 632 2
LSE:0DJI Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2018-12-31 7,972 1,463 569
2018-09-30 8,538 1,279 614
2018-06-30 8,395 1,385 705
2018-03-31 8,037 1,221 776
2017-12-31 7,919 1,046 811
2017-09-30 8,081 1,097 883
2017-06-30 7,990 1,083 876
2017-03-31 7,960 1,313 855
2016-12-31 7,872 1,387 826
2016-09-30 6,924 1,481 772
2016-06-30 6,941 1,344 676
2016-03-31 6,963 1,100 573

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alm. Brand's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Alm. Brand's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
LSE:0DJI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Alm. Brand Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DJI Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.72 4.76 4.68 2.00
2020-12-31 4.37 4.50 4.23 2.00
2019-12-31 4.09 4.21 3.97 2.00
LSE:0DJI Past Financials Data
Date (Data in DKK Millions) EPS *
2018-12-31 3.60
2018-09-30 3.88
2018-06-30 4.42
2018-03-31 4.83
2017-12-31 5.02
2017-09-30 5.43
2017-06-30 5.35
2017-03-31 5.19
2016-12-31 4.98
2016-09-30 4.62
2016-06-30 4.02
2016-03-31 3.40

*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.
  • Alm. Brand is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Alm. Brand'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Alm. Brand has a total score of 1/6, 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 Alm. Brand 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 Alm. Brand'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.
  • Alm. Brand has delivered over 20% year on year earnings growth in the past 5 years.
  • Alm. Brand's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Alm. Brand's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Alm. Brand'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 Alm. Brand Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DJI Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,972.00 569.00 1,256.00
2018-09-30 8,538.00 614.00 900.00
2018-06-30 8,395.00 705.00 900.00
2018-03-31 8,037.00 776.00 900.00
2017-12-31 7,919.00 811.00 900.00
2017-09-30 8,081.00 883.00 812.00
2017-06-30 7,990.00 876.00 812.00
2017-03-31 7,960.00 855.00 812.00
2016-12-31 7,872.00 826.00 812.00
2016-09-30 6,924.00 772.00 737.00
2016-06-30 6,941.00 676.00 737.00
2016-03-31 6,963.00 573.00 737.00
2015-12-31 7,071.00 524.00 737.00
2015-09-30 8,348.00 499.00 743.00
2015-06-30 8,298.00 366.00 743.00
2015-03-31 8,355.00 408.00 743.00
2014-12-31 8,306.00 320.00 743.00
2014-09-30 6,978.00 225.00 744.00
2014-06-30 7,003.00 307.00 744.00
2014-03-31 6,892.00 222.00 744.00
2013-12-31 6,791.00 174.00 744.00
2013-09-30 7,586.00 260.00 736.00
2013-06-30 7,605.00 190.00 736.00
2013-03-31 7,598.00 233.00 736.00
2012-12-31 7,604.00 296.00 736.00
2012-09-30 7,444.00 -179.00 733.00
2012-06-30 7,400.00 -301.00 733.00

*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.
  • Alm. Brand has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Alm. Brand used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Alm. Brand's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Alm. Brand'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.
Alm. Brand has a total score of 2/6, 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 Alm. Brand'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 Alm. Brand's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alm. Brand's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Alm. Brand's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alm. Brand'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 2.3x 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 Alm. Brand Company Filings, last reported 3 months ago.

LSE:0DJI Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,748.00 1,006.00 1,093.00
2018-09-30 4,716.00 991.00 1,111.00
2018-06-30 4,605.00 900.00 1,312.00
2018-03-31 4,991.00 905.00 995.00
2017-12-31 4,936.00 906.00 500.00
2017-09-30 4,885.00 945.00 418.00
2017-06-30 4,684.00 1,019.00 554.00
2017-03-31 5,360.00 1,118.00 213.00
2016-12-31 5,200.00 1,487.00 923.00
2016-09-30 5,111.00 1,166.00 496.00
2016-06-30 4,905.00 1,614.00 637.00
2016-03-31 5,275.00 1,530.00 422.00
2015-12-31 5,165.00 1,364.00 629.00
2015-09-30 5,170.00 2,739.00 826.00
2015-06-30 4,995.00 1,716.00 1,223.00
2015-03-31 4,991.00 2,062.00 1,149.00
2014-12-31 4,847.00 2,567.00 1,201.00
2014-09-30 4,756.00 2,558.00 922.00
2014-06-30 4,869.00 2,500.00 1,283.00
2014-03-31 4,750.00 3,054.00 1,430.00
2013-12-31 4,676.00 4,017.00 1,034.00
2013-09-30 4,658.00 3,915.00 961.00
2013-06-30 4,517.00 5,516.00 1,977.00
2013-03-31 4,538.00 5,000.00 1,215.00
2012-12-31 4,506.00 6,043.00 1,185.00
2012-09-30 4,426.00 7,970.00 1,385.00
2012-06-30 4,366.00 10,947.00 2,941.00
  • Alm. Brand's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (85.7% vs 21.2% today).
  • Debt is well covered by operating cash flow (145.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11x coverage).
X
Financial health checks
We assess Alm. Brand'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. Alm. Brand has a total score of 4/6, 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 Alm. Brand'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
4.63%
Current annual income from Alm. Brand dividends. Estimated to be 5.12% next year.
If you bought DKK2,000 of Alm. Brand shares you are expected to receive DKK93 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?
  • Alm. Brand's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Alm. Brand's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Alm. Brand before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
LSE:0DJI 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0DJI Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.80 2.00
2020-12-31 3.05 2.00
2019-12-31 3.10 2.00
LSE:0DJI Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-27 3.000 5.094
2019-02-05 3.000 5.337
2018-02-05 3.000 5.043
2017-04-26 5.000 7.856
2016-03-02 1.500 2.974
2015-02-25 0.500 1.164

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

  • Alm. Brand 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 Alm. Brand only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Alm. Brand's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Alm. Brand'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 Alm. Brand afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alm. Brand has a total score of 3/6, 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 Alm. Brand'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
Søren Mortensen
COMPENSATION DKK9,675,000
AGE 63
TENURE AS CEO 17.3 years
CEO Bio

Mr. Søren Boe Mortensen has been the Chief Executive Officer of Alm. Brand A/S since December 2001. He serves as Member of Management Board at Alm. Brand A/S. Mr. Mortensen serves as the Chief Executive Officer of Alm. Brand af 1792 fmba. He serves as General Manager of Alm. Brand Invest II A/S and Alm. Brand Holding II A/S. He served as Deputy Managing Partner of Consulting Services of Decision Software, Inc. He served as an Acting Chief Executive of Alm Brand Bank from May 2011 to July 31, 2011. He served as the Chief Executive Officer of Alm Brand Bank AS since December 2001. Mr. Mortensen has been Chairman of Alm. Brand Formue A/S since September 2009 and Alm. Brand Pantebreve A/S since May 2010. He serves as the Chairman of the Board at A/S Det Kjøbenhavnske Reassurance-Compagni Forsikringsaktieselskabet Alm., Alm. Brand Holding II A/S, Europort Limited, Alm. Brand Provinsforsikring A/S, Alm. Brand Rejseforsikring A/S, Alm. Brand Invest II A/S, Alm. Brand Service ApS, Ejendomsselskabet Søndergade 6, Kolding ApS, Alm. Brand Forsikring A/S, Finansieringsselskabet Balder A/S, Asgaard Finans A/S, Dansk Projektadministration II A/S and Dansk Projektadministration A/S. He has been the Chairman of Finansieringsselskabet AF since 1992 and A/S, Ejendomsaktieselskabet Idrætsparken, Finansieringsfondet AF since 1992. He serves as Deputy Chairman of the Board of Directors of Alm. Brand Private Equity A/S and Investeringsforeningen Alm. Brand Invest. He serves as Deputy Chairman of the Board of Directors of Forsikringsakademiet A/S. He served as Deputy Chairman of Alm. Brand Formue A/S from July 2003 to September 2009. He has been Member of Management Board at Alm. Brand A/S since 1998. He serves as Member of the Board of Directors of Forsikring og Pension. He serves as a Member of the Board of Directors at Alm. Brand Ejendomsinvest A/S, Forsikringsselskabet Alm. Brand Liv og Pension A/S, Alm. Brand PræmieService A/S, Frigg Invest A/S, Idun Invest A/S, Sanexco Partners III ApS, Bøg Invest 3 & 4 ApS, Bøg Invest 5 ApS and Bankaktieselskabet Alm. He has been a Director of Alm. Brand Formue A/S since July 1, 2003 and Alm. Brand Pantebreve A/S since January 5, 1997. He serves as Member of the Board of Directors of Forsikringshøjskolen Rungstedgaard A/S and Fonden Forsikringshøjskolen. He serves as a Directors of The Danish Insurance Association and HenrikIK N. Mr. Mortensen serves as Director of Alm Brand Bank AS since 1998.

CEO Compensation
  • Søren's compensation has been consistent with company performance over the past year.
  • Søren's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Alm. Brand management team in years:

2
Average Tenure
54.5
Average Age
  • The average tenure for the Alm. Brand management team is less than 2 years, this suggests a new team.
Management Team

Søren Mortensen

TITLE
CEO & Member of Management Board
COMPENSATION
DKK10M
AGE
63
TENURE
17.3 yrs

Rasmus Nielsen

TITLE
Chief Financial Officer
AGE
49
TENURE
1.8 yrs

Susanne Biltoft

TITLE
Head of Information & Investor Relations and Director of Communications
AGE
55

Tue Christensen

TITLE
Director of Group Legal
AGE
47
TENURE
2.2 yrs

Henrik Gundorph

TITLE
Director of Human Resources
AGE
61

Bjarne Schønfeld

TITLE
Executive Vice President of Region Jylland Nord

Jesper Sørensen

TITLE
Managing Director of Non-Life Insurance & Chief Executive of Alm Brand Forsikring
AGE
60

Kim Wadstrøm

TITLE
Managing Director of Bank & Pension
AGE
54
TENURE
1.3 yrs

Rasmus Lynge

TITLE
Executive Vice President - Customers
AGE
49

Poul-Erik Winther

TITLE
Group Chief Auditor
Board of Directors Tenure

Average tenure and age of the Alm. Brand board of directors in years:

9
Average Tenure
60.5
Average Age
  • The tenure for the Alm. Brand board of directors is about average.
Board of Directors

Jørgen Mikkelsen

TITLE
Chairman of the Board
COMPENSATION
DKK1M
AGE
64
TENURE
10.3 yrs

Jan Pedersen

TITLE
Deputy Chairman of the Board
COMPENSATION
DKK795K
AGE
62

Anette Eberhard

TITLE
Director
COMPENSATION
DKK610K
AGE
57
TENURE
4 yrs

Flemming Jørgensen

TITLE
Director
COMPENSATION
DKK355K
AGE
65
TENURE
1 yrs

Boris Kjeldsen

TITLE
Director
COMPENSATION
DKK450K
AGE
59
TENURE
16 yrs

Per Hasling Frandsen

TITLE
Director
COMPENSATION
DKK355K
AGE
66
TENURE
10 yrs

Susanne Larsen

TITLE
Employee Representative Director
COMPENSATION
DKK275K
AGE
54
TENURE
13 yrs

Helle Frederiksen

TITLE
Employee Representative Director
COMPENSATION
DKK275K
AGE
56
TENURE
9 yrs

Ebbe Castella

TITLE
Director
COMPENSATION
DKK450K
AGE
68
TENURE
6 yrs

Karen Hansen-Hoeck

TITLE
Director
COMPENSATION
DKK275K
AGE
53
TENURE
6 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)
X
Management checks
We assess Alm. Brand'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. Alm. Brand 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

Company Info

Description

Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark. The company offers banking products and services to private customers and small and medium-sized enterprises; and financial markets services comprising bonds, equity and currency trading and research, and asset management services, as well as leases cars to private and commercial customers. It also provides advisory services. The company offers its non-life insurance products for the personal, commercial, and agricultural segments through insurance shops, independent insurance shops, and business partners. Its life and pension insurance products include coverage for death, disability, and critical illness; and savings comprising capital pension plans, installment pensions, and annuity schemes for private individuals, farmers, and owners and employees of small businesses. The company operates 19 branches in Denmark. Alm. Brand A/S is headquartered in Copenhagen, Denmark. Alm. Brand A/S is a subsidiary of Alm. Brand af 1792 Fmba.

Details
Name: Alm. Brand A/S
0DJI
Exchange: LSE
Founded:
DKK11,009,829,420
169,904,775
Website: http://www.almbrand.dk
Address: Alm. Brand A/S
Midtermolen 7,
Copenhagen,
Capital Region of Denmark, 2100,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE ALMB Registered Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
DB 1AM Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0DJI Registered Shares London Stock Exchange GB DKK 02. Jan 1992
BATS-CHIXE ALMBC Registered Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,770
Alm. Brand employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:03
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
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.