(TRYG) Tryg - CO
Sector: Financial Services | Industry: Insurance - Diversified | Exchange: CO (Denmark) | Market Cap: 89.921m DKK | Total Return: -4% in 12m
Avg Turnover: 101M
EPS Trend: 91.5%
Qual. Beats: 0
Rev. Trend: 85.2%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Tryg A/S is a Denmark-headquartered Property & Casualty (P&C) insurer founded in 1731, making it one of the oldest insurance companies in the world. The company operates through two business segments - Private and Commercial - and serves retail customers, small and medium-sized businesses, and corporate clients across Denmark, Sweden, Norway, the United States, Luxembourg, and the United Kingdom.
The product portfolio spans personal lines such as motor, home, travel, pet, accident, and health insurance, alongside commercial coverage including property, liability, and workers compensation. Sales are conducted through a multi-channel distribution model combining direct sales, online platforms, call centers, franchises, bancassurance, dealers, brokers, and partner networks. The company markets its offerings under several regional brands, including Trygg-Hansa in Sweden, Atlantica in the U.S., Bilsport & MC for motorcycle products, and Moderna Djurförsäkringar for pet insurance in Sweden.
As a large-cap European P&C insurer, Tryg operates in a capital-intensive sector that generates revenue primarily through earned premiums and earns income by pooling risk and investing policyholder float.
- Premium growth in Private segment drives top-line expansion
- Catastrophe losses and claims severity impact combined ratio
- Rising interest rates boost investment portfolio income
| Net Income: 5.23b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.99 > 1.0 |
| NWC/Revenue: 5.65% < 20% (prev 2.18%; Δ 3.46% < -1%) |
| CFO/TA 0.05 > 3% & CFO 5.55b > Net Income 5.23b |
| Net Debt (5.73b) to EBITDA (16.7b): 0.34 < 3 |
| Current Ratio: 2.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (601.1m) vs 12m ago -1.44% < -2% |
| Gross Margin: 92.26% > 18% (prev 91.32%; Δ 0.93% > 0.5%) |
| Asset Turnover: 40.95% > 50% (prev 37.86%; Δ 3.09% > 0%) |
| Interest Coverage Ratio: 15.53 > 6 (EBIT TTM 15.8b / Interest Expense TTM 1.02b) |
| A: 0.02 (Total Current Assets 4.72b - Total Current Liabilities 2.28b) / Total Assets 104b |
| B: 0.28 (Retained Earnings 29.2b / Total Assets 104b) |
| C: 0.15 (EBIT TTM 15.8b / Avg Total Assets 106b) |
| D: 0.59 (Book Value of Equity 38.3b / Total Liabilities 65.2b) |
| Altman-Z'' = 2.70 = A |
| DSRI: 0.95 (Receivables 897.0m/889.0m, Revenue 43.2b/40.7b) |
| GMI: 0.99 (GM 91.32% / 92.26%) |
| AQI: 0.96 (AQ_t 0.95 / AQ_t-1 0.98) |
| SGI: 1.06 (Revenue 43.2b / 40.7b) |
| TATA: -0.00 (NI 5.23b - CFO 5.55b) / TA 104b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at DKK 150.30 with a total of 986,401 shares traded.
Over the past week, the price has changed by -0.66%,
over one month by -3.34%,
over three months by -2.77% and
over the past year by -4.03%.
Tryg has no consensus analysts rating.
P/E Trailing = 17.6285
P/E Forward = 20.0803
P/S = 2.0801
P/B = 2.3452
P/EG = 2.999
Revenue TTM = 43.2b DKK
EBIT TTM = 15.8b DKK
EBITDA TTM = 16.7b DKK
Long Term Debt = 8.19b DKK (from longTermDebt, last quarter)
Short Term Debt = 4.20b DKK (from shortTermDebt, last fiscal year)
Debt = 9.00b DKK (from shortLongTermDebtTotal, last quarter) + Leases 809.0m
Net Debt = 5.73b DKK (calculated: Debt 9.00b - CCE 3.27b)
Enterprise Value = 95.7b DKK (89.9b + Debt 9.00b - CCE 3.27b)
Interest Coverage Ratio = 15.53 (Ebit TTM 15.8b / Interest Expense TTM 1.02b)
EV/FCF = 18.16x (Enterprise Value 95.7b / FCF TTM 5.27b)
FCF Yield = 5.51% (FCF TTM 5.27b / Enterprise Value 95.7b)
FCF Margin = 12.19% (FCF TTM 5.27b / Revenue TTM 43.2b)
Net Margin = 12.10% (Net Income TTM 5.23b / Revenue TTM 43.2b)
Gross Margin = 92.26% ((Revenue TTM 43.2b - Cost of Revenue TTM 3.35b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.92 (Enterprise Value 95.7b / Total Assets 104b)
Interest Expense / Debt = 11.29% (Interest Expense 1.02b / Debt 9.00b)
Taxrate = 25.04% (1.75b / 7.00b)
NOPAT = 11.8b (EBIT 15.8b * (1 - 25.04%))
Current Ratio = 2.07 (Total Current Assets 4.72b / Total Current Liabilities 2.28b)
Debt / Equity = 0.23 (Debt 9.00b / totalStockholderEquity, last quarter 38.3b)
Debt / EBITDA = 0.34 (Net Debt 5.73b / EBITDA 16.7b)
Debt / FCF = 1.09 (Net Debt 5.73b / FCF TTM 5.27b)
Total Stockholder Equity = 38.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.96% (Net Income 5.23b / Total Assets 104b)
RoE = 13.53% (Net Income TTM 5.23b / Total Stockholder Equity 38.6b)
RoCE = 33.70% (EBIT 15.8b / Capital Employed (Equity 38.6b + L.T.Debt 8.19b))
RoIC = 11.45% (NOPAT 11.8b / Invested Capital 103b)
WACC = 6.52% (E(89.9b)/V(98.9b) * Re(6.33%) + D(9.00b)/V(98.9b) * Rd(11.29%) * (1-Tc(0.25)))
Discount Rate = 6.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -1.19%
[DCF] Terminal Value 73.10% ; FCFF base≈6.20b ; Y1≈5.44b ; Y5≈4.40b
[DCF] Fair Price = 108.8 (EV 70.6b - Net Debt 5.73b = Equity 64.8b / Shares 595.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 91.48 | EPS CAGR: 15.32% | SUE: 0.56 | # QB: 0
Revenue Correlation: 85.19 | Revenue CAGR: 3.67% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.92 | Chg30d=+0.80% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=2.81 | Chg30d=+0.18% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=9.73 | Chg30d=+1.56% | Revisions=+11% | GrowthEPS=-2.7% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=10.41 | Chg30d=+1.35% | Revisions=-20% | GrowthEPS=+7.0% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: -20%