(ALMB) Alm. Brand - CO
Sector: Financial Services | Industry: Insurance - Diversified | Exchange: CO (Denmark) | Market Cap: 21.345m DKK | Total Return: 2.1% in 12m
Avg Turnover: 24.0M
EPS Trend: 90.7%
Qual. Beats: 0
Rev. Trend: -71.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Alm. Brand A/S is a Denmark-based provider of non-life insurance products. Established in 1792, the company serves private individuals, small and medium-sized enterprises (SMEs), agricultural clients, and large corporations. Its portfolio encompasses a wide range of property and casualty coverage, including motor, home, health, workers compensation, and liability insurance.
The company operates within the Property & Casualty (P&C) insurance sector, where revenue is primarily generated through policy premiums and investment income from held reserves. In the Danish insurance market, providers often utilize a multi-channel distribution strategy, combining direct sales with strategic partnerships to maintain market share in specialized segments such as agricultural and professional liability.
- Synergy realization from Codan acquisition improves operational efficiency and margins
- Combined ratio fluctuates based on weather-related claims and reinsurance costs
- Premium growth driven by price adjustments in Danish commercial segments
- Capital distribution capacity hinges on Solvency II ratio and dividend policy
| Net Income: 1.23b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 5.03 > 1.0 |
| NWC/Revenue: 1.53% < 20% (prev 4.86%; Δ -3.34% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.83b > Net Income 1.23b |
| Net Debt (1.43b) to EBITDA (2.19b): 0.65 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (1.41b) vs 12m ago -5.12% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 39.45% > 50% (prev 38.32%; Δ 1.13% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.01 (Total Current Assets 203.0m - Total Current Liabilities 0.0) / Total Assets 33.5b |
| B: 0.28 (Retained Earnings 9.46b / Total Assets 33.5b) |
| C: 0.05 (EBIT TTM 1.81b / Avg Total Assets 33.7b) |
| D: 0.57 (Book Value of Equity 12.0b / Total Liabilities 21.1b) |
| Altman-Z'' = 1.92 = BBB |
As of June 20, 2026, the stock is trading at DKK 15.70 with a total of 2,526,091 shares traded.
Over the past week, the price has changed by +3.62%,
over one month by +2.54%,
over three months by +2.55% and
over the past year by +2.10%.
Alm. Brand has no consensus analysts rating.
P/E Trailing = 17.3333
P/E Forward = 16.3666
P/S = 1.5497
P/B = 1.7201
Revenue TTM = 13.3b DKK
EBIT TTM = 1.81b DKK
EBITDA TTM = 2.19b DKK
Long Term Debt = 1.03b DKK (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 1.61b DKK (from shortLongTermDebtTotal, last quarter) + Leases 575.0m
Net Debt = 1.43b DKK (calculated: Debt 1.61b - CCE 174.0m)
Enterprise Value = 22.8b DKK (21.3b + Debt 1.61b - CCE 174.0m)
Interest Coverage Ratio = unknown (Ebit TTM 1.81b / Interest Expense TTM 0.0)
EV/FCF = 12.96x (Enterprise Value 22.8b / FCF TTM 1.76b)
FCF Yield = 7.71% (FCF TTM 1.76b / Enterprise Value 22.8b)
FCF Margin = 13.21% (FCF TTM 1.76b / Revenue TTM 13.3b)
Net Margin = 9.25% (Net Income TTM 1.23b / Revenue TTM 13.3b)
Gross Margin = unknown ((Revenue TTM 13.3b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.68 (Enterprise Value 22.8b / Total Assets 33.5b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 1.61b)
Taxrate = 25.99% (432.0m / 1.66b)
NOPAT = 1.34b (EBIT 1.81b * (1 - 25.99%))
Current Ratio = unknown (Total Current Assets 203.0m / Total Current Liabilities 0.0)
Debt / Equity = 0.13 (Debt 1.61b / totalStockholderEquity, last quarter 12.0b)
Debt / EBITDA = 0.65 (Net Debt 1.43b / EBITDA 2.19b)
Debt / FCF = 0.82 (Net Debt 1.43b / FCF TTM 1.76b)
Total Stockholder Equity = 12.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.65% (Net Income 1.23b / Total Assets 33.5b)
RoE = 10.28% (Net Income TTM 1.23b / Total Stockholder Equity 12.0b)
RoCE = 13.95% (EBIT 1.81b / Capital Employed (Equity 12.0b + L.T.Debt 1.03b))
RoIC = 5.44% (EBIT 1.81b / (Assets 33.5b - Curr.Liab 0.0 - Cash 174.0m))
WACC = 6.09% (E(21.3b)/V(23.0b) * Re(6.55%) + D(1.61b)/V(23.0b) * Rd(0.0%) * (1-Tc(0.26)))
Discount Rate = 6.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -3.90%
[DCF] Terminal Value 77.97% ; FCFF base≈1.08b ; Y1≈1.24b ; Y5≈1.83b
[DCF] Fair Price = 19.05 (EV 27.5b - Net Debt 1.43b = Equity 26.1b / Shares 1.37b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.74 | EPS CAGR: 22.35% | SUE: 0.65 | # QB: 0
Revenue Correlation: -71.34 | Revenue CAGR: -1.67% | SUE: -0.16 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.04 | Chg30d=-111.67% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.33 | Chg30d=+6.45% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.97 | Chg30d=-14.47% | Revisions=+20% | GrowthEPS=-18.6% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=1.30 | Chg30d=+1.03% | Revisions=N/A | GrowthEPS=+33.3% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +20%