TRYG Stock Analysis: Tryg | CO
Insurance - Diversified | CO, Denmark | Market Cap: 84.141m DKK | 12M Return: -9.4% | DK0060636678 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 91.6M
EPS Trend: 77.7%
Qual. Beats: -1
Rev. Trend: 85.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tryg A/S is a Denmark-headquartered property and casualty insurance group operating across the Nordics, the United Kingdom, Luxembourg, and the United States. The company serves private customers, small and medium-sized businesses, and corporate clients through two reporting segments: Private and Commercial, offering motor, home, travel, pet, accident, health, property, liability, and workers compensation coverage. Products are sold under brands including Trygg-Hansa, Atlantica, Bilsport & MC, and Moderna Djurförsäkringar, and distributed through agents, call centers, online channels, franchises, car dealers, real estate agents, brokers, and bancassurance partnerships. The company traces its origins to 1731 and has been listed on the Copenhagen exchange since 2005.
As a property and casualty insurer, Trygs business model is based on pooling risk across policyholders, collecting premiums upfront, and paying claims as they arise, with underwriting profitability and investment income on the resulting float serving as the two main earnings drivers. The Nordic and broader European P&C market is characterized by mature, highly penetrated lines such as motor and household coverage, which makes scale, claims-handling efficiency, and multi-channel distribution central to competing on price.
- Combined ratio improvement driven by Nordic price increases
- Trygg-Hansa integration lifts Sweden premium growth and underwriting margins
- Share buyback program supports capital return amid elevated catastrophe claims
| Net Income: 4.57b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.07 > 1.0 |
| NWC/Revenue: 10.16% < 20% (prev 11.05%; Δ -0.89% < -1%) |
| CFO/TA 0.08 > 3% & CFO 7.82b > Net Income 4.57b |
| Net Debt (8.32b) to EBITDA (6.90b): 1.21 < 3 |
| Current Ratio: 4.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (595.9m) vs 12m ago -1.20% < -2% |
| Gross Margin: 92.34% > 18% (prev 91.46%; Δ 0.88% > 0.5%) |
| Asset Turnover: 42.03% > 50% (prev 39.86%; Δ 2.17% > 0%) |
| Interest Coverage Ratio: 5.93 > 6 (EBIT TTM 6.02b / Interest Expense TTM 1.02b) |
| A: 0.04 (Total Current Assets 5.80b - Total Current Liabilities 1.36b) / Total Assets 104b |
| B: 0.29 (Retained Earnings 30.0b / Total Assets 104b) |
| C: 0.06 (EBIT TTM 6.02b / Avg Total Assets 104b) |
| D: 0.56 (Book Value of Equity 37.4b / Total Liabilities 66.7b) |
| Altman-Z'' = 2.20 = BBB |
| DSRI: 1.95 (Receivables 1.96b/955.0m, Revenue 43.7b/41.3b) |
| GMI: 0.99 (GM 91.46% / 92.34%) |
| AQI: 0.99 (AQ_t 0.94 / AQ_t-1 0.95) |
| SGI: 1.06 (Revenue 43.7b / 41.3b) |
| TATA: -0.03 (NI 4.57b - CFO 7.82b) / TA 104b) |
| Beneish M = -2.23 (Cap -4..+1) = BBB |
As of October 09, 2026, the stock is trading at DKK 143.90 with a total of 1,245,851 shares traded. Over the past week, the price has changed by +1.91%, over one month by -6.38%, over three months by -4.49% and over the past year by -9.37%.
Current recommended Stop Loss: 140.80 (which is 2.2% or 1.4 ATR below the current price).
Tryg has no consensus analysts rating.
P/E Trailing = 18.953
P/E Forward = 17.5131
P/S = 1.9244
P/B = 2.3049
P/EG = 4.61
Revenue TTM = 43.7b DKK
EBIT TTM = 6.02b DKK
EBITDA TTM = 6.90b DKK
Long Term Debt = 7.60b DKK (from longTermDebt, last quarter)
Short Term Debt = 3.75b DKK (from shortTermDebt, last quarter)
Debt = 12.2b DKK (corrected: LT Debt 7.60b + ST Debt 3.75b) + Leases 809.0m
Net Debt = 8.32b DKK (calculated: Debt 12.2b - CCE 3.84b)
Enterprise Value = 92.5b DKK (84.1b + Debt 12.2b - CCE 3.84b)
Interest Coverage Ratio = 5.93 (Ebit TTM 6.02b / Interest Expense TTM 1.02b)
EV/FCF = 12.31x (Enterprise Value 92.5b / FCF TTM 7.51b)
FCF Yield = 8.12% (FCF TTM 7.51b / Enterprise Value 92.5b)
FCF Margin = 17.19% (FCF TTM 7.51b / Revenue TTM 43.7b)
Net Margin = 10.47% (Net Income TTM 4.57b / Revenue TTM 43.7b)
Gross Margin = 92.34% ((Revenue TTM 43.7b - Cost of Revenue TTM 3.35b) / Revenue TTM)
Gross Margin QoQ = 16.42% (prev none%)
Tobins Q-Ratio = 0.89 (Enterprise Value 92.5b / Total Assets 104b)
Interest Expense / Debt = 8.36% (Interest Expense 1.02b / Debt 12.2b)
Taxrate = 24.01% (1.45b / 6.04b)
NOPAT = 4.58b (EBIT 6.02b * (1 - 24.01%))
Current Ratio = 4.26 (Total Current Assets 5.80b / Total Current Liabilities 1.36b)
Debt / Equity = 0.32 (Debt 12.2b / totalStockholderEquity, last quarter 37.4b)
Debt / EBITDA = 1.21 (Net Debt 8.32b / EBITDA 6.90b)
Debt / FCF = 1.11 (Net Debt 8.32b / FCF TTM 7.51b)
Total Stockholder Equity = 38.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.40% (Net Income 4.57b / Total Assets 104b)
RoE = 11.88% (Net Income TTM 4.57b / Total Stockholder Equity 38.5b)
RoCE = 13.07% (EBIT 6.02b / Capital Employed (Equity 38.5b + L.T.Debt 7.60b))
RoIC = 4.38% (NOPAT 4.58b / Invested Capital 104b)
WACC = 5.97% (E(84.1b)/V(96.3b) * Re(5.91%) + D(12.2b)/V(96.3b) * Rd(8.36%) * (1-Tc(0.24)))
Discount Rate = 5.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -87.39 | Cagr: -1.45%
[DCF] Terminal Value 75.62% ; FCFF base≈7.47b ; Y1≈7.59b ; Y5≈8.22b
[DCF] Fair Price = 200.1 (EV 128b - Net Debt 8.32b = Equity 119b / Shares 595.9m; r=8.35% [WACC [floored]]; 5y FCF grow 1.39% → 2.50% )
EPS Correlation: 77.74 | EPS CAGR: 10.95% | SUE: -4.0 | # QB: -1
Revenue Correlation: 85.19 | Revenue CAGR: 3.67% | SUE: 0.25 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.71 | Chg30d=-3.67% | Revisions=-40% | Analysts=4
EPS current Year (2026-12-31): EPS=9.39 | Chg30d=-3.38% | Revisions=+0% | GrowthEPS=-6.1% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=10.47 | Chg30d=-1.46% | Revisions=+0% | GrowthEPS=+11.5% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: -10% (up=8, down=10)