Alm. Brand A/S, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark.
Slightly overvalued with limited growth.
Share Price & News
How has Alm. Brand's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0DJI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 0DJI exceeded the UK Insurance industry which returned -0% over the past year.
Return vs Market: 0DJI exceeded the UK Market which returned 6.5% over the past year.
Price Volatility Vs. Market
How volatile is Alm. Brand's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Alm. Brand undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 0DJI (DKK61.43) is trading below our estimate of fair value (DKK96.89)
Significantly Below Fair Value: 0DJI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0DJI is poor value based on its PE Ratio (21.4x) compared to the Insurance industry average (14.6x).
PE vs Market: 0DJI is poor value based on its PE Ratio (21.4x) compared to the UK market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: 0DJI is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 0DJI is overvalued based on its PB Ratio (2.1x) compared to the GB Insurance industry average (1.8x).
How is Alm. Brand forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0DJI's forecast earnings growth (14.8% per year) is above the savings rate (0.5%).
Earnings vs Market: 0DJI's earnings (14.8% per year) are forecast to grow faster than the UK market (12.9% per year).
High Growth Earnings: 0DJI's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0DJI's revenue is expected to decline over the next 3 years (-11.9% per year).
High Growth Revenue: 0DJI's revenue is forecast to decline over the next 3 years (-11.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0DJI's Return on Equity is forecast to be low in 3 years time (14.4%).
How has Alm. Brand performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0DJI has high quality earnings.
Growing Profit Margin: 0DJI's current net profit margins (5.4%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: 0DJI's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: 0DJI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 0DJI had negative earnings growth (-20.6%) over the past year, making it difficult to compare to the Insurance industry average (23.4%).
Return on Equity
High ROE: 0DJI's Return on Equity (9.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Alm. Brand's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0DJI has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0DJI's debt is not covered by short term assets (assets are 0.9x debt).
Financial Institutions Analysis
Asset Level: 0DJI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if 0DJI has a sufficient allowance for bad loans.
Low Risk Liabilities: 0DJI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 0DJI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0DJI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 0DJI has an appropriate level of bad loans.
What is Alm. Brand's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Alm. Brand before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 0DJI's dividend (4.83%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: 0DJI's dividend (4.83%) is low compared to the top 25% of dividend payers in the UK market (5.07%).
Stability and Growth of Payments
Stable Dividend: 0DJI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 0DJI's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.4%), 0DJI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0DJI's dividends in 3 years are forecast to be covered by earnings (80.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rasmus Nielsen (50yo)
Mr. Rasmus Werner Nielsen has been a Member of the Management Board at Alm. Brand A/S since 2019. He serves as Vice Chairman of the Board at Alm. Brand Forsikring A/S and serves as its Acting Chief Executi ...
|Executive VP of Insurance Non-Life||0.3yrs||no data||no data|
|Chief Group Risk Officer & CFO||0.3yrs||no data||no data|
|Head of Investor Relations||0yrs||no data||no data|
|Director & Senior VP of Group Legal||3yrs||no data||no data|
|Chief Press & Communication Officer||1.1yrs||no data||no data|
|Senior Vice President of Human Resources||0yrs||no data||no data|
|Executive Vice President of Region Jylland Nord||0yrs||no data||no data|
|Senior Vice President of Non-life Insurance - Commercial||0.7yrs||no data||no data|
|Senior Vice President of Non-life Insurance - Private||0.7yrs||no data||no data|
|Senior Vice Director of Claims Processing||13.8yrs||no data||no data|
Experienced Management: 0DJI's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|Chairman of the Board||11.1yrs||ø1.07m||0.19% DKK17.8m|
|Employee Representative Director||13.8yrs||ø275.00k||0.0042% DKK401.5k|
|Employee Representative Director||9.8yrs||ø275.00k||0.0016% DKK149.1k|
|Deputy Chairman of the Board||0yrs||ø795.00k||0.0078% DKK745.7k|
Experienced Board: 0DJI's board of directors are considered experienced (9.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Alm. Brand A/S's company bio, employee growth, exchange listings and data sources
- Name: Alm. Brand A/S
- Ticker: 0DJI
- Exchange: LSE
- Founded: 1792
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ø9.560b
- Shares outstanding: 153.94m
- Website: https://www.almbrand.dk
Number of Employees
- Alm. Brand A/S
- Midtermolen 7
- Capital Region of Denmark
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ALMB||CPSE (OMX Nordic Exchange Copenhagen)||Yes||Registered Shares||DK||DKK||Jan 1992|
|0DJI||LSE (London Stock Exchange)||Yes||Registered Shares||GB||DKK||Jan 1992|
|ALMBC||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||DKK||Jan 1992|
|1AM||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Jan 1992|
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 was founded in 1792 and is headquartered in Copenhagen, Denmark. Alm. Brand A/S is a subsidiary of Alm. Brand af 1792 Fmba.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 21:24|
|End of Day Share Price||2020/02/21 00:00|