Topdanmark A/S (TOP.CO) Stock Price
Topdanmark A/S Price
Revenue at Topdanmark A/S has contracted by 0.8% per year over the past 19 years to 10.68 B DKK. Earnings per share have grown at 6.5% per year over the last 19 years. For Topdanmark A/S, the net margin of 9.8% is up versus 5.3% a few years ago. At today's price the dividend yield works out to roughly 5.49%. The payout ratio is around 169% of earnings. The dividend has grown at 1.0% per year over the past 5 years.
Topdanmark A/S stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Topdanmark A/S over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Topdanmark A/S stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Topdanmark A/S's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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Topdanmark A/S Revenue, EBIT, Net Income
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Topdanmark A/S Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB DKK |
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| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB DKK |
| EBITB DKK |
| EBIT MARGIN% |
| NET INCOMEB DKK |
| NET INCOME GROWTH% |
| DIVIDENDDIV.DKK |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13.94 | 11.86 | 20.00 | 20.92 | 16.71 | 29.45 | 26.21 | 31.23 | 7.88 | 10.68 | 11.49 | 11.91 | 12.26 | 12.89 | 13.27 | 13.62 |
| 5.09 | -14.90 | 68.65 | 4.57 | -20.13 | 76.29 | -11.00 | 19.14 | -74.77 | 35.54 | 7.59 | 3.58 | 3.00 | 5.11 | 3.00 | 2.59 |
| 23.44 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| 3.27 | 11.86 | 20.00 | 20.92 | 16.71 | 29.45 | 26.21 | 31.23 | 7.88 | 10.68 | 11.49 | 11.91 | 12.26 | 12.89 | 13.27 | 13.62 |
| 2.08 | 1.29 | 2.02 | 2.31 | 1.78 | 2.07 | 1.56 | 2.86 | 3.42 | 1.42 | 1.90 | 2.22 | 2.28 | 2.40 | 2.47 | 2.35 |
| 14.92 | 10.90 | 10.10 | 11.06 | 10.67 | 7.01 | 5.93 | 9.17 | 43.37 | 13.32 | 16.52 | 18.63 | 18.63 | 18.63 | 18.63 | 17.27 |
| 1.56 | 1.13 | 1.54 | 1.73 | 1.33 | 1.55 | 1.12 | 2.14 | 0.96 | 1.05 | 1.25 | 1.45 | 1.58 | 1.58 | 1.63 | 1.77 |
| 6.13 | -27.34 | 35.69 | 12.83 | -23.20 | 16.23 | -27.34 | 90.21 | -55.10 | 9.48 | 18.55 | 16.61 | 8.47 | – | 3.55 | 8.27 |
| – | – | – | – | – | – | – | – | – | 20.00 | 11.50 | 11.50 | 11.50 | – | – | – |
| – | – | – | – | – | – | – | – | – | – | -42.50 | – | – | – | – | – |
| 106.89 | 99.04 | 90.46 | 85.49 | 86.30 | 86.87 | 87.26 | 88.21 | 88.65 | 88.77 | 88.77 | 88.77 | 88.77 | 88.77 | 88.77 | 88.77 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Topdanmark A/S generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Topdanmark A/S retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Topdanmark A/S's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Topdanmark A/S has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Topdanmark A/S's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Topdanmark A/S stock margins
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Topdanmark A/S Stock Revenue, EBIT, Earnings per Share
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Topdanmark A/S business model & stock analysis
Topdanmark A/S SWOT Analysis
Strengths
Topdanmark A/S has a strong market presence in the insurance industry, with a significant customer base and a wide range of insurance products.
The company has a strong financial position, with stable revenue and profits over the years.
Topdanmark A/S has a robust distribution network, including partnerships with various channels, which helps in reaching a large customer base.
Weaknesses
Topdanmark A/S is heavily reliant on the Danish market, which makes it susceptible to any changes in the economic and regulatory environment of that market.
The company has limited international presence, which restricts its growth opportunities in foreign markets.
Topdanmark A/S may face challenges in adapting to rapidly evolving technologies and digital disruptions in the insurance industry.
Opportunities
Topdanmark A/S can explore potential expansion into new markets, either through partnerships or acquisitions, to diversify its revenue streams and reduce dependence on the Danish market.
The company can leverage emerging technologies such as artificial intelligence and data analytics to enhance its operational efficiency, customer experience, and risk assessment capabilities.
Topdanmark A/S can focus on developing innovative insurance products tailored to specific customer segments, such as the growing elderly population or the gig economy workers.
Threats
Increased competition in the insurance industry poses a threat to Topdanmark A/S, as it may lead to price wars and margin pressures.
Changes in regulatory frameworks or government policies can impact the company's operations and profitability.
Topdanmark A/S faces the risk of natural catastrophes and other large-scale events, which can result in significant insurance claims and financial losses.
Topdanmark A/S Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Topdanmark A/S historical P/E ratio, EBIT multiple, and P/S ratio
Topdanmark A/S annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down Topdanmark A/S's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in Topdanmark A/S's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Topdanmark A/S's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Topdanmark A/S shares outstanding
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Topdanmark A/S stock splits
Since 1999, a total of 100 shares have been converted from one Topdanmark A/S share.
Topdanmark A/S Dividend History
11 years of dividend payments
Topdanmark A/S dividend history and estimates
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Topdanmark A/S dividend payout ratio
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Topdanmark A/S Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 11/5/2024 | 3.10DKK | - | 2.86 BDKK | - | 2024 Q3 |
| 7/11/2024 | 2.30DKK | 1.30DKK | 2.83 BDKK | - | 2024 Q2 |
| 4/16/2024 | 3.15DKK | 4.24DKK | 2.83 BDKK | - | 2024 Q1 |
| 1/23/2024 | 3.30DKK | 1.80DKK | 2.61 BDKK | - | 2023 Q4 |
| 10/24/2023 | 2.42DKK | 2.90DKK | 2.54 BDKK | - | 2023 Q3 |
| 7/14/2023 | 4.33DKK | 2.90DKK | 2.52 BDKK | - | 2023 Q2 |
| 4/25/2023 | 3.80DKK | 4.20DKK | 2.49 BDKK | - | 2023 Q1 |
| 1/24/2023 | 9.55DKK | 15.90DKK | 2.55 BDKK | - | 2022 Q4 |
| 10/25/2022 | 8.88DKK | 2.90DKK | 2.49 BDKK | - | 2022 Q3 |
| 7/15/2022 | 3.45DKK | 3.00DKK | 2.48 BDKK | - | 2022 Q2 |
EESG©
Eulerpool ESG Scorecard© for the Topdanmark A/S stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Topdanmark A/S shareholder structure
| % | Name |
|---|---|
92.90264% | |
4.57698% | |
1.60108% | |
0.87004% | |
0.82142% | |
0.54185% |
Topdanmark A/S Beneficial Ownership Filings (SEC 13D/G)
Topdanmark A/S Executives and Management Board
12 members · avg. age 52 · 33 % women
Mr. Peter Hermann (49)
Chief Executive Officer, Member of the Executive Board
12.90 M DKK
Management
Mr. Lars Beck (47)
Chief Financial Officer, Member of the Executive Board
Mr. Robin Lofgren
Head of Investor Relations · since 2021
Board of Directors
Mr. Ricard Wennerklint (53)
Chairman of the Board · since 2017
Mr. Jens Aaloese (56)
Independent Deputy Chairman
Ms. Cristina Lage (68)
Independent Director
Ms. Mette Jensen (46)
Director, Employee Representative
Ms. Maria Hjorth (50)
Director
Ms. Elise Bundgaard (55)
Director, Employee Representative
Frequently asked questions about Topdanmark A/S
The business model of Topdanmark A/S revolves around providing insurance solutions to individuals and businesses in Denmark. As one of the largest insurance companies in the country, Topdanmark offers a wide range of products including property and casualty insurance, life and pension insurance, and health insurance. The company operates through a multi-distribution channel strategy, which includes direct sales, partnerships with banks, and cooperation with independent brokers. Topdanmark focuses on delivering excellent customer service and tailoring insurance solutions to meet the specific needs of its clients. With its strong market presence and customer-centric approach, Topdanmark A/S aims to be the preferred insurance provider in Denmark.
Topdanmark A/S is primarily active in the insurance industry.
Topdanmark A/S, a leading insurance company based in Denmark, faces competition from several players in the market. Some of its primary competitors include Tryg A/S, GF Forsikring, Alm. Brand A/S, and Codan Forsikring. These companies offer similar insurance products and services, such as property insurance, car insurance, life insurance, and health insurance. However, Topdanmark A/S has managed to maintain a strong market presence and reputation through its exceptional customer service, innovative offerings, and competitive pricing strategies.
Topdanmark A/S is a leading Danish insurance company with a rich history dating back to 1901. Established in Copenhagen, it has evolved into a trusted provider of insurance products and services in Denmark. Topdanmark A/S offers a range of insurance solutions, including property, casualty, life, and pension insurance. With a strong focus on customer satisfaction and quality, the company has a solid reputation for reliability and expertise in the insurance industry. Topdanmark A/S continues to innovate and adapt to the changing needs of its customers, making it a prominent player in the Danish insurance market.
Topdanmark A/S has achieved several significant milestones throughout its history. As a leading Danish insurance company, Topdanmark has successfully built a strong reputation in the industry. Some of the noteworthy achievements include its establishment in 1746, becoming a publicly listed company in 1871, and consistently providing quality insurance solutions to its customers. Topdanmark A/S has received numerous accolades for its financial stability and customer satisfaction. The company continues to innovate and adapt to changing market needs, securing its position as a trusted name in the insurance sector.
Topdanmark A/S is primarily present in Denmark.
Topdanmark A/S, a leading Danish insurance company, represents values of trust, professionalism, and customer focus. With a corporate philosophy centered around providing comprehensive insurance solutions, Topdanmark A/S strives to protect and support individuals, families, and businesses in times of need. The company's commitment to transparency and integrity forms the foundation of its operations. Topdanmark A/S aims to deliver high-quality services tailored to meet customers' specific requirements. By prioritizing long-term customer relationships, Topdanmark A/S continues to uphold its reputation as a reliable partner in the insurance industry.
13 analysts currently rate the Topdanmark A/S stock: 0 recommend buying, 9 holding and 4 selling. For 2026, analysts expect Topdanmark A/S to generate revenue of 12.26 B DKK and earnings per share of 17.76 DKK.
Converted at the current exchange rate, the Topdanmark A/S share trades at 48.77 EUR (364.60 DKK).
The Topdanmark A/S share (TOP.CO) is listed on 7 stock exchanges, including: London (0QCQ.L), SIX (Zürich) (TOP1.SW), Frankfurt (TQ71.F), Düsseldorf (TQ71.DU), Kopenhagen (TOP.CO).
Topdanmark A/S is a leading Danish insurance company with a wide range of products, from life insurance to property insurance. The company is based in Ballerup, Denmark and employs over 2,500 employees. With an annual revenue of over three billion Euros, Topdanmark A/S is one of the largest insurance companies in Denmark. The business model of Topdanmark A/S is based on insurance mediation and administration of insurance contracts. The company offers its customers a wide range of insurance products, including household, travel, car, property, and accident insurance. In the car insurance sector, Topdanmark A/S offers various types of coverage, including mandatory liability insurance and additional optional insurances. There are also specialized insurances available for commercial vehicles, allowing the company to meet all the needs of its customers. Another important aspect of Topdanmark A/S's business model is life insurance. The company offers a wide selection of products, including capital-building, investment-linked, and traditional insurances. Private pension and disability insurances are also part of the offerings, providing customers with financial security in difficult times. Providing excellent customer service is an essential part of Topdanmark A/S's business model. Customers can easily purchase their insurance policies online or in-store. An emergency hotline is available 24/7 to ensure that customers always have access to the appropriate contact person in case of emergencies. In addition, Topdanmark A/S offers tailored insurance solutions for businesses to protect themselves against entrepreneurial risks. This includes not only liability insurances but also coverage against cyber-attacks and property damages. In summary, Topdanmark A/S's business model focuses on offering a comprehensive range of insurance products to help businesses and individuals safeguard against risks. With excellent customer service and a wide range of products, the company is well-equipped to meet every need.
The expected revenue of Topdanmark A/S is 12.26 B DKK. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Topdanmark A/S is 1.58 B DKK. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Topdanmark A/S is currently 20.53. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Topdanmark A/S stock.
The price-to-sales ratio (P/S) of Topdanmark A/S is currently 2.64. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Topdanmark A/S stock.
The Eulerpool Quality Score for Topdanmark A/S is 3/10.
The ISIN of Topdanmark A/S is DK0060477503. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Topdanmark A/S is A1JYUM. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Topdanmark A/S is TOP.CO. The ticker symbol is used to trade Topdanmark A/S shares on the stock exchange.
Over the past 12 months, Topdanmark A/S paid a dividend of 20.00 DKK . This corresponds to a dividend yield of about 5.49 %. For the coming 12 months, Topdanmark A/S is expected to pay a dividend of 11.50 DKK.
The current dividend yield of Topdanmark A/S is 5.49 %.
Topdanmark A/S pays a dividend, distributed in the months of March, April.
Topdanmark A/S paid dividends every year for the past 0 years.
For the upcoming 12 months, dividends amounting to 11.50 DKK are expected. This corresponds to a dividend yield of 3.15 %.
Topdanmark A/S is assigned to the 'Finance' sector.
To receive the latest dividend of Topdanmark A/S from 4/26/2024 amounting to 11.5 DKK, you needed to have the stock in your portfolio before the ex-date on 4/24/2024.
The last dividend was paid out on 4/26/2024.
In the year 2023, Topdanmark A/S distributed 20 DKK as dividends.
The dividends of Topdanmark A/S are distributed in DKK.
Topdanmark A/S stock
Topdanmark A/S Peer Group
Topdanmark A/S Ticker
Topdanmark A/S FIGI
All fundamentals and in-depth analysis of Topdanmark A/S
Our stock analysis for Topdanmark A/S stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Topdanmark A/S. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.