Alm. Brand Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ABDB.Y ($4.04) is trading below our estimate of fair value ($5.31)

Significantly Below Fair Value: ABDB.Y is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABDB.Y?

Key metric: Cannot determine the most optimal metric to value ABDB.Y stock.

The above table shows the Price to Book ratio for ABDB.Y. This is calculated by dividing ABDB.Y's market cap by their current book value.
What is ABDB.Y's PB Ratio?
PB Ratio	1.3x
Book	DKK 13.62b
Market Cap	DKK 17.59b

ABDB.Y key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.4x
Enterprise Value/EBITDA	17.4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does ABDB.Y's PB Ratio compare to its peers?

The above table shows the PB ratio for ABDB.Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.8x
STC Stewart Information Services	1.5x	46.5%	US$2.1b
KMPR Kemper	1.7x	16.9%	US$4.6b
FIHL Fidelis Insurance Holdings	0.9x	3.2%	US$2.3b
TRUP Trupanion	7.1x	73.3%	US$2.3b
ABDB.Y Alm. Brand	1.3x	33.5%	US$17.6b

Price-To-Book vs Peers: ABDB.Y is expensive based on its Price-To-Book Ratio (1.3x) compared to the peer average (1.2x).

Price to Book Ratio vs Industry

How does ABDB.Y's PB Ratio compare vs other companies in the US Insurance Industry?

5 Companies	Price / Book	Estimated Growth	Market Cap
AIFU AIX	0.2x	n/a	US$71.45m
TIRX Tian Ruixiang Holdings	0.1x	n/a	US$4.24m
MMMM Quad M Solutions	0.2x	n/a	US$52.78k
CUII China United Insurance Service	0.00007x	n/a	US$3.13k

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: ABDB.Y is good value based on its Price-To-Book Ratio (1.3x) compared to the US Insurance industry average (1.4x).

Price to Book Ratio vs Fair Ratio

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

ABDB.Y PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.3x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ABDB.Y's Price-To-Book 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?

Analyst Forecast: Insufficient data to show price forecast.

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