Alm. Brand A/S

CPSE:ALMB Stock Report

Market Cap: DKK 20.8b

Alm. Brand Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ALMB (DKK15.18) is trading below our estimate of future cash flow value (DKK24.8)

Significantly Below Future Cash Flow Value: ALMB is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALMB?

Key metric: As ALMB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ALMB. This is calculated by dividing ALMB's market cap by their current earnings.
What is ALMB's PE Ratio?
PE Ratio17.2x
EarningsDKK 1.21b
Market CapDKK 20.81b

Price to Earnings Ratio vs Peers

How does ALMB's PE Ratio compare to its peers?

The above table shows the PE ratio for ALMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.3x
TRYG Tryg
16.9x5.77%DKK 87.5b
AGO Assured Guaranty
8.2x-0.66%US$3.3b
COFA COFACE
10.5x6.41%€2.2b
NIACL New India Assurance
17.5x17.34%₹247.5b
ALMB Alm. Brand
17.2x12.12%DKK 20.8b

Price-To-Earnings vs Peers: ALMB is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (13.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ALMB's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ALMB 17.2xIndustry Avg. 12.6xNo. of Companies11PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALMB is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the European Insurance industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

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

ALMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.2x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: ALMB is good value based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALMB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 15.18
DKK 19.70
+29.78%
2.03%DKK 20.00DKK 19.00n/a5
Jun ’27DKK 14.81
DKK 19.70
+33.02%
2.03%DKK 20.00DKK 19.00n/a5
May ’27DKK 15.29
DKK 20.30
+32.77%
6.90%DKK 23.00DKK 19.00n/a5
Apr ’27DKK 15.83
DKK 21.83
+37.92%
7.56%DKK 24.00DKK 20.00n/a3
Mar ’27DKK 16.43
DKK 20.75
+26.29%
3.61%DKK 21.50DKK 20.00n/a2
Feb ’27DKK 17.45
DKK 20.50
+17.48%
2.44%DKK 21.00DKK 20.00n/a2
Jan ’27DKK 18.90
DKK 20.17
+6.70%
3.09%DKK 21.00DKK 19.50n/a3
Dec ’26DKK 18.10
DKK 20.17
+11.42%
3.09%DKK 21.00DKK 19.50n/a3
Nov ’26DKK 18.24
DKK 20.50
+12.39%
2.44%DKK 21.00DKK 20.00n/a2
Oct ’26DKK 17.80
DKK 20.00
+12.36%
5.00%DKK 21.00DKK 19.00n/a2
Sep ’26DKK 18.12
DKK 20.00
+10.38%
5.00%DKK 21.00DKK 19.00n/a2
Aug ’26DKK 17.85
DKK 20.00
+12.04%
5.00%DKK 21.00DKK 19.00n/a2
Jul ’26DKK 17.13
DKK 17.33
+1.19%
2.72%DKK 18.00DKK 17.00n/a3
Jun ’26DKK 16.24
DKK 17.63
+8.53%
3.69%DKK 18.50DKK 17.00DKK 14.814
May ’26DKK 15.31
DKK 17.63
+15.12%
3.69%DKK 18.50DKK 17.00DKK 15.294
Apr ’26DKK 15.36
DKK 17.20
+11.98%
5.99%DKK 18.50DKK 15.50DKK 15.835
Mar ’26DKK 16.17
DKK 17.50
+8.23%
2.86%DKK 18.00DKK 17.00DKK 16.434
Feb ’26DKK 15.01
DKK 16.60
+10.59%
4.82%DKK 18.00DKK 15.50DKK 17.455
Jan ’26DKK 14.03
DKK 16.17
+15.23%
5.26%DKK 17.00DKK 15.00DKK 18.903
Dec ’25DKK 13.67
DKK 16.17
+18.26%
5.26%DKK 17.00DKK 15.00DKK 18.103
Nov ’25DKK 13.46
DKK 15.83
+17.63%
5.37%DKK 17.00DKK 15.00DKK 18.243
Oct ’25DKK 13.25
DKK 15.83
+19.50%
5.37%DKK 17.00DKK 15.00DKK 17.803
Jul ’25DKK 13.89
DKK 16.00
+15.19%
3.13%DKK 16.50DKK 15.50DKK 17.132
Jun ’25DKK 13.68
DKK 16.00
+16.96%
3.13%DKK 16.50DKK 15.50DKK 16.242
DKK 19.7
Fair Value
22.9% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 03:53
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alm. Brand A/S is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Alessia MagniBarclays
Johan StrömCarnegie Investment Bank AB