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Topdanmark

LSE:0QCQ
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QCQ
LSE
DKK30B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Topdanmark A/S, together with its subsidiaries, operates as an insurance company in Denmark. The last earnings update was 63 days ago. More info.


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0QCQ Share Price and Events
7 Day Returns
2.8%
LSE:0QCQ
-0.6%
GB Insurance
1.2%
GB Market
1 Year Returns
18.7%
LSE:0QCQ
-5.4%
GB Insurance
2.5%
GB Market
0QCQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Topdanmark (0QCQ) 2.8% 6% 11.5% 18.7% 100.5% 123.6%
GB Insurance -0.6% 7.9% 9.8% -5.4% 16.5% 21%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • 0QCQ outperformed the Insurance industry which returned -5.4% over the past year.
  • 0QCQ outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0QCQ
Industry
5yr Volatility vs Market
Related Companies

0QCQ Value

 Is Topdanmark 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 Topdanmark 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 Topdanmark.

LSE:0QCQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= DKK72.83 * 23.5%
DKK17.09
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. DKK72.83
Discount Rate (Cost of Equity) See below 6.2%
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:0QCQ
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%) (6.52%))
0.84
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.84 * 5.96%)
6.23%

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

The calculations below outline how an intrinsic value for Topdanmark 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:0QCQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (23.5% – 6.23%) * DKK72.83)
DKK12.55
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK12.55 / (6.23% - 1.23%)
DKK250.71
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK72.83 + DKK250.71
DKK323.53
LSE:0QCQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0QCQ represents 0.99829x of CPSE:TOP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99829x
Value per Share
(Listing Adjusted, DKK)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 323.53 x 0.99829
DKK322.98
Value per share (DKK) From above. DKK322.98
Current discount Discount to share price of DKK351.80
= -1 x (DKK351.80 - DKK322.98) / DKK322.98
-8.9%

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

  • The current share price of Topdanmark is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Topdanmark's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Topdanmark's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0QCQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in DKK DKK15.43
CPSE:TOP Share Price ** CPSE (2019-04-25) in DKK DKK352.4
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

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

** Primary Listing of Topdanmark.

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

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

= 352.4 ÷ 15.43

22.83x

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

  • Topdanmark is overvalued based on earnings compared to the GB Insurance industry average.
  • Topdanmark is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Topdanmark's expected growth come at a high price?
Raw Data
LSE:0QCQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
3.7%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.55x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.83x ÷ 3.7%

6.12x

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

  • Topdanmark is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Topdanmark's assets?
Raw Data
LSE:0QCQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in DKK DKK69.60
CPSE:TOP Share Price * CPSE (2019-04-25) in DKK DKK352.4
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0QCQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 352.4 ÷ 69.60

5.06x

* Primary Listing of Topdanmark.

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

  • Topdanmark is overvalued based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Topdanmark'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. Topdanmark has a total score of 0/6, 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.

0QCQ Future Performance

 How is Topdanmark expected to perform in the next 1 to 3 years based on estimates from 8 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
3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Topdanmark expected to grow at an attractive rate?
  • Topdanmark's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Topdanmark's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Topdanmark'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:0QCQ Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0QCQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 3.7%
LSE:0QCQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -13.3%
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:0QCQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0QCQ Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9,886 1,612 1
2022-12-31 9,731 1,580 1
2021-12-31 9,495 1,512 6
2020-12-31 9,390 1,495 6
2019-12-31 9,276 1,445 6
LSE:0QCQ Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2018-12-31 16,792 8,946 1,331
2018-09-30 20,643 8,101 1,451
2018-06-30 20,130 7,712 1,456
2018-03-31 19,080 7,063 1,585
2017-12-31 21,175 6,402 1,733
2017-09-30 20,881 6,128 1,775
2017-06-30 21,174 5,864 1,839
2017-03-31 21,541 5,806 1,790
2016-12-31 19,960 6,089 1,536
2016-09-30 19,590 6,158 1,423
2016-06-30 16,668 5,981 1,105
2016-03-31 13,878 6,042 1,045

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Topdanmark's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
  • Topdanmark'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:0QCQ 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 8 Analyst Estimates (S&P Global) See Below

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

LSE:0QCQ Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 17.55 17.55 17.55 1.00
2022-12-31 17.33 17.33 17.33 1.00
2021-12-31 17.47 18.70 16.25 7.00
2020-12-31 17.19 18.30 16.12 8.00
2019-12-31 16.66 17.90 15.66 8.00
LSE:0QCQ Past Financials Data
Date (Data in DKK Millions) EPS *
2018-12-31 15.43
2018-09-30 16.86
2018-06-30 16.96
2018-03-31 18.51
2017-12-31 20.22
2017-09-30 20.56
2017-06-30 21.00
2017-03-31 20.03
2016-12-31 16.79
2016-09-30 15.20
2016-06-30 11.54
2016-03-31 10.67

*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.
  • Topdanmark is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Topdanmark'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.
Topdanmark has a total score of 2/6, 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.

0QCQ Past Performance

  How has Topdanmark 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 Topdanmark'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.
  • Topdanmark's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Topdanmark's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Topdanmark's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Topdanmark'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 Topdanmark Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QCQ 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 16,792.00 1,331.00 778.00
2018-09-30 20,643.00 1,451.00 767.00
2018-06-30 20,130.00 1,456.00 776.00
2018-03-31 19,080.00 1,585.00 776.00
2017-12-31 21,175.00 1,733.00 770.00
2017-09-30 20,881.00 1,775.00 766.00
2017-06-30 21,174.00 1,839.00 753.00
2017-03-31 21,541.00 1,790.00 754.00
2016-12-31 19,960.00 1,536.00 757.00
2016-09-30 19,590.00 1,423.00 750.00
2016-06-30 16,668.00 1,105.00 765.00
2016-03-31 13,878.00 1,045.00 748.00
2015-12-31 16,152.00 1,170.00 737.00
2015-09-30 15,192.00 1,166.00 730.00
2015-06-30 16,434.00 1,264.00 730.00
2015-03-31 18,796.00 1,426.00 736.00
2014-12-31 16,924.00 1,558.00 720.00
2014-09-30 17,330.00 1,504.00 716.00
2014-06-30 17,249.00 1,629.00 705.00
2014-03-31 15,454.00 1,381.00 702.00
2013-12-31 14,961.00 1,468.00 690.00
2013-09-30 14,504.00 1,670.00 742.00
2013-06-30 14,648.00 1,760.00 732.00
2013-03-31 14,637.00 1,767.00 731.00
2012-12-31 15,357.00 1,823.00 736.00
2012-09-30 15,655.00 1,720.00 699.00
2012-06-30 13,548.00 1,144.00 734.00

*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.
  • Topdanmark has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Topdanmark used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Topdanmark's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Topdanmark'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.
Topdanmark has a total score of 3/6, 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.

0QCQ Health

 How is Topdanmark'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 Topdanmark's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Topdanmark is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Topdanmark's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Topdanmark'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 23.9x 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 Topdanmark Company Filings, last reported 3 months ago.

LSE:0QCQ Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,016.00 1,988.00 45,255.00
2018-09-30 5,742.00 1,848.00 6,450.00
2018-06-30 5,272.00 2,055.00 5,368.00
2018-03-31 6,529.00 1,769.00 6,386.00
2017-12-31 6,191.00 1,787.00 46,436.00
2017-09-30 5,776.00 2,335.00 6,247.00
2017-06-30 5,278.00 1,950.00 5,870.00
2017-03-31 4,761.00 2,473.00 5,639.00
2016-12-31 4,702.00 1,798.00 43,258.00
2016-09-30 4,690.00 2,235.00 1,324.00
2016-06-30 4,469.00 4,319.00 2,606.00
2016-03-31 4,463.00 3,698.00 4,547.00
2015-12-31 4,640.00 3,500.00 43,938.00
2015-09-30 4,766.00 2,012.00 2,165.00
2015-06-30 4,981.00 2,458.00 1,960.00
2015-03-31 5,056.00 3,282.00 2,484.00
2014-12-31 5,135.00 3,146.00 46,052.00
2014-09-30 5,210.00 3,057.00 3,985.00
2014-06-30 5,354.00 2,612.00 2,635.00
2014-03-31 5,201.00 2,705.00 2,448.00
2013-12-31 5,184.00 3,372.00 44,886.00
2013-09-30 5,237.00 2,634.00 2,162.00
2013-06-30 5,307.00 3,753.00 2,226.00
2013-03-31 5,450.00 2,983.00 3,722.00
2012-12-31 5,368.00 3,234.00 46,162.00
2012-09-30 5,141.00 6,502.00 2,459.00
2012-06-30 4,955.00 8,978.00 4,737.00
  • Topdanmark's level of debt (33%) 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 (64.9% vs 33% today).
  • Debt is well covered by operating cash flow (450%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.7x coverage).
X
Financial health checks
We assess Topdanmark'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. Topdanmark has a total score of 5/6, 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.

0QCQ Dividends

 What is Topdanmark'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
4.26%
Current annual income from Topdanmark dividends. Estimated to be 4.72% next year.
If you bought DKK2,000 of Topdanmark shares you are expected to receive DKK85 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?
  • Topdanmark's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Topdanmark's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
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:0QCQ 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 8 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 5.1%

Industry and Market average data is calculated daily.

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

LSE:0QCQ Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 16.91 1.00
2022-12-31 16.69 1.00
2021-12-31 16.97 9.00
2020-12-31 16.68 10.00
2019-12-31 16.25 10.00
LSE:0QCQ Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2019-02-21 15.000 4.485
2019-01-24 15.000 4.760
2018-02-22 19.000 6.510
2018-01-25 19.000 6.658

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

  • It is too early to tell whether Topdanmark has stable dividend payments.
  • Topdanmark only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Topdanmark's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Topdanmark'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 Topdanmark afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Topdanmark has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0QCQ Management

 What is the CEO of Topdanmark'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
Peter Hermann
COMPENSATION DKK7,286,700
AGE 45
TENURE AS CEO 1.2 years
CEO Bio

Mr. Peter Hermann has been the Chief Executive Officer of Topdanmark A/S since February 5, 2018 and has been its Member of Executive Board since February 5, 2018. Mr. Hermann has been the Chief Executive Officer of Topdanmark Forsiking AS since February 5, 2018. He has been Chief Executive Officer of Topdanmark Livsforsikring since 2016. He served as the Heaf of Life Insurence at Topdanmark A/S until February 2018. He served as a Director in charge of health and benefits at Aon Denmark A/S since January 28, 2016. Mr. Hermann served as Director of Actuarial Department and Health at PFA Holding A/S. He served as the Head of Prevention, Health & Actuarial Services at PFA Pension Forsikrings AS and served as its Director of Actuarial Department and Head of Actuarial Department. He served as the Chief Operating Officer and Director at Nordea Bank AB unit Nordea Liv & Pension. He holds M.Sc. in insurance science and B.Com. (Organisation).

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Peter's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Topdanmark management team in years:

1.2
Average Tenure
52
Average Age
  • The average tenure for the Topdanmark management team is less than 2 years, this suggests a new team.
Management Team

Peter Hermann

TITLE
CEO & Member of Executive Board
COMPENSATION
DKK7M
AGE
45
TENURE
1.2 yrs

Lars Thykier

TITLE
CFO & Member of the Executive Board
COMPENSATION
DKK7M
AGE
63

Brian Jacobsen

TITLE
Head of Personal
COMPENSATION
DKK6M
AGE
55
TENURE
3.1 yrs

Thomas Erichsen

TITLE
Head of Group Development
COMPENSATION
DKK5M
AGE
46
TENURE
0.5 yrs

Niels Olesen

TITLE
Head of Accounting

Steffen Heegaard

TITLE
Group Communications
AGE
59

Jens Green

TITLE
Head of Marketing
AGE
52

Louise Hørdum

TITLE
Head of Human Resources
AGE
48
TENURE
1.3 yrs

Lars Skovsende

TITLE
Head of Intern Revision
AGE
46

Jens Ellborg

TITLE
Head of Reinsurance
AGE
54
Board of Directors Tenure

Average tenure and age of the Topdanmark board of directors in years:

1
Average Tenure
50
Average Age
  • The average tenure for the Topdanmark board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ricard Wennerklint

TITLE
Chairman
COMPENSATION
DKK642K
AGE
49

Jens Aaløse

TITLE
Deputy Chairman
COMPENSATION
DKK770K
AGE
52
TENURE
1 yrs

Mette Jensen

TITLE
Employee Representative Director
COMPENSATION
DKK481K
AGE
42
TENURE
4.3 yrs

Petri Niemisvirta

TITLE
Director
COMPENSATION
DKK385K
AGE
48
TENURE
2 yrs

Morten Thorsrud

TITLE
Director
AGE
47

Anne Eberhard

TITLE
Director
AGE
55

Cristina Hansen

TITLE
Director
AGE
64

Elise Bundgaard

TITLE
Employee Representative Director
AGE
50
TENURE
0.1 yrs

Ole Mortensen

TITLE
Employee Representative Director
AGE
61
TENURE
0.1 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 Topdanmark'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. Topdanmark 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.

0QCQ News

Simply Wall St News

0QCQ Company Info

Description

Topdanmark A/S, together with its subsidiaries, operates as an insurance company in Denmark. The company offers non-life insurance products, motor insurance policies, professional risk management advice, and home and travel insurance products, as well as life insurance and pension fund schemes primarily in the event of illness, death, injuries, and unemployment. It serves personal and corporate markets, as well as SME, industrial, and agricultural businesses. The company operates primarily under the Topdanmark and Coop Forsikringer brands. Topdanmark A/S is headquartered in Ballerup, Denmark.

Details
Name: Topdanmark A/S
0QCQ
Exchange: LSE
Founded:
DKK30,497,003,292
86,540,872
Website: http://www.topdanmark.com
Address: Topdanmark A/S
Borupvang 4,
Ballerup,
2750,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE TOP Ordinary Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
LSE 0QCQ Ordinary Shares London Stock Exchange GB DKK 02. Jan 1992
BATS-CHIXE TOPC Ordinary Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
OTCPK TPDK.Y ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
2,343
Topdanmark employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:24
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/02/21
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.