Topdanmark AS
Topdanmark A/S, together with its subsidiaries, offers life and non-life insurance products and services in Denmark. The company operates through Private and SME segments. It offers illness and accident, health, workers' compensation, motor, fire and property, liability, tourist assistance, and other insurance products, as well as life insurance and pension fund schemes to individual households, … Read more
Topdanmark AS (TPDKY) - Net Assets
Latest net assets as of June 2024: $4.26 Billion USD
Based on the latest financial reports, Topdanmark AS (TPDKY) has net assets worth $4.26 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.71 Billion) and total liabilities ($18.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.26 Billion |
| % of Total Assets | 18.74% |
| Annual Growth Rate | 1.69% |
| 5-Year Change | -26.2% |
| 10-Year Change | -8.06% |
| Growth Volatility | 16.33 |
Topdanmark AS - Net Assets Trend (2002–2023)
This chart illustrates how Topdanmark AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Topdanmark AS (2002–2023)
The table below shows the annual net assets of Topdanmark AS from 2002 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $4.72 Billion | -27.35% |
| 2022-12-31 | $6.50 Billion | -12.18% |
| 2021-12-31 | $7.40 Billion | +7.56% |
| 2020-12-31 | $6.88 Billion | +7.53% |
| 2019-12-31 | $6.40 Billion | +6.33% |
| 2018-12-31 | $6.02 Billion | -2.83% |
| 2017-12-31 | $6.19 Billion | +31.64% |
| 2016-12-31 | $4.70 Billion | +0.64% |
| 2015-12-31 | $4.67 Billion | -9.00% |
| 2014-12-31 | $5.13 Billion | -0.96% |
| 2013-12-31 | $5.18 Billion | -3.41% |
| 2012-12-31 | $5.37 Billion | +17.56% |
| 2011-12-31 | $4.57 Billion | +0.31% |
| 2010-12-31 | $4.55 Billion | +10.57% |
| 2009-12-31 | $4.12 Billion | +42.21% |
| 2008-12-31 | $2.90 Billion | -14.04% |
| 2007-12-31 | $3.37 Billion | -15.31% |
| 2006-12-31 | $3.98 Billion | +10.97% |
| 2005-12-31 | $3.58 Billion | +21.49% |
| 2004-12-31 | $2.95 Billion | -18.33% |
| 2003-12-31 | $3.61 Billion | +8.76% |
| 2002-12-31 | $3.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topdanmark AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 32.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.49 Billion | 73.87% |
| Common Stock | $90.00 Million | 1.91% |
| Other Comprehensive Income | $1.14 Billion | 24.23% |
| Total Equity | $4.72 Billion | 100.00% |
Topdanmark AS Competitors by Market Cap
The table below lists competitors of Topdanmark AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOUR EIFFEL INH. EO 5
F:UVA
|
$476.23 Million |
|
Drägerwerk AG & Co. KGaA
PINK:DGWPF
|
$476.36 Million |
|
Chongqing Lummy Pharmaceutical
SHE:300006
|
$476.38 Million |
|
Shanghai Xinpeng Industry Co Ltd
SHE:002328
|
$476.45 Million |
|
EQ Resources Ltd
AU:EQR
|
$475.85 Million |
|
Cisen Pharmaceutical Co Ltd
SHG:603367
|
$475.84 Million |
|
NORMA Group SE
OTCGREY:NOEJF
|
$475.81 Million |
|
Chengdu XGimi Technology Co. Ltd. A
SHG:688696
|
$475.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topdanmark AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,498,000,000 to 4,722,000,000, a change of -1,776,000,000 (-27.3%).
- Net income of 1,051,000,000 contributed positively to equity growth.
- Dividend payments of 2,748,000,000 reduced retained earnings.
- Share repurchases of 50,000,000 reduced equity.
- Other comprehensive income increased equity by 8,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.05 Billion | +22.26% |
| Dividends Paid | $2.75 Billion | -58.2% |
| Share Repurchases | $50.00 Million | -1.06% |
| Other Comprehensive Income | $8.00 Million | +0.17% |
| Other Changes | $-37.00 Million | -0.78% |
| Total Change | $- | -27.33% |
Book Value vs Market Value Analysis
This analysis compares Topdanmark AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.35x to 0.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $1.23 | $5.36 | x |
| 2003-12-31 | $1.45 | $5.36 | x |
| 2004-12-31 | $1.36 | $5.36 | x |
| 2005-12-31 | $1.78 | $5.36 | x |
| 2006-12-31 | $2.07 | $5.36 | x |
| 2007-12-31 | $1.94 | $5.36 | x |
| 2008-12-31 | $1.85 | $5.36 | x |
| 2009-12-31 | $2.62 | $5.36 | x |
| 2010-12-31 | $3.00 | $5.36 | x |
| 2011-12-31 | $3.32 | $5.36 | x |
| 2012-12-31 | $4.18 | $5.36 | x |
| 2013-12-31 | $4.52 | $5.36 | x |
| 2014-12-31 | $4.72 | $5.36 | x |
| 2015-12-31 | $4.81 | $5.36 | x |
| 2016-12-31 | $5.13 | $5.36 | x |
| 2017-12-31 | $7.21 | $5.36 | x |
| 2018-12-31 | $6.94 | $5.36 | x |
| 2019-12-31 | $73.34 | $5.36 | x |
| 2020-12-31 | $78.64 | $5.36 | x |
| 2021-12-31 | $84.13 | $5.36 | x |
| 2022-12-31 | $73.42 | $5.36 | x |
| 2023-12-31 | $53.12 | $5.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topdanmark AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.88%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 4.62x
- Recent ROE (22.26%) is below the historical average (25.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.54% | 2.45% | 0.25x | 9.14x | $-148.10 Million |
| 2003 | 27.71% | 11.86% | 0.25x | 9.18x | $639.80 Million |
| 2004 | 26.31% | 6.26% | 0.36x | 11.72x | $481.00 Million |
| 2005 | 33.15% | 8.06% | 0.36x | 11.47x | $829.60 Million |
| 2006 | 42.54% | 11.75% | 0.33x | 10.97x | $1.29 Billion |
| 2007 | 37.74% | 9.22% | 0.31x | 13.26x | $934.20 Million |
| 2008 | -6.53% | -2.98% | 0.12x | 17.97x | $-478.50 Million |
| 2009 | 35.12% | 10.67% | 0.24x | 13.74x | $1.03 Billion |
| 2010 | 25.66% | 7.75% | 0.26x | 12.64x | $712.80 Million |
| 2011 | 22.40% | 7.90% | 0.21x | 13.36x | $566.40 Million |
| 2012 | 33.96% | 11.59% | 0.26x | 11.07x | $1.29 Billion |
| 2013 | 28.31% | 11.13% | 0.22x | 11.78x | $949.50 Million |
| 2014 | 30.34% | 11.22% | 0.22x | 12.56x | $1.04 Billion |
| 2015 | 24.22% | 9.54% | 0.18x | 14.48x | $664.70 Million |
| 2016 | 32.66% | 7.68% | 0.27x | 15.62x | $1.07 Billion |
| 2017 | 27.99% | 8.28% | 0.26x | 13.08x | $1.11 Billion |
| 2018 | 22.12% | 7.97% | 0.20x | 13.83x | $729.40 Million |
| 2019 | 24.18% | 5.25% | 0.30x | 15.39x | $907.30 Million |
| 2020 | 16.34% | 4.29% | 0.24x | 15.89x | $436.10 Million |
| 2021 | 28.90% | 6.85% | 0.26x | 16.27x | $1.40 Billion |
| 2022 | 14.77% | 12.18% | 0.34x | 3.54x | $310.20 Million |
| 2023 | 22.26% | 9.88% | 0.49x | 4.62x | $578.80 Million |
Industry Comparison
This section compares Topdanmark AS's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topdanmark AS (TPDKY) | $4.26 Billion | 5.54% | 4.34x | $476.09 Million |
| Abcam plc (ABCZF) | $148.21 Million | 17.14% | 0.19x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $7.74 Million | 76.78% | 1.27x | $327.05K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $-46.26 Million | 0.00% | 0.00x | $5.68 Million |
| Adamas Trust, Inc. (ADAMG) | $2.31 Billion | -12.50% | 1.02x | $2.10 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $13.74 Million | 0.00% | 2.67x | $10.13 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $108.93 Million | 26.27% | 3.34x | $2.11 Million |
| Forafric Global PLC Warrants (AFRIW) | $29.21 Million | -43.40% | 9.60x | $2.20 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $3.02 Billion | 7.45% | 0.13x | $117.77K |
| Alvotech Warrant (ALVOW) | $-412.77 Million | 0.00% | 0.00x | $31.83 Million |