Alm. Brand Ratios and Metrics

Market cap in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 8, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	21,084	26,663	21,085	18,346	17,325	19,631
Market Cap Growth	-5.55%	26.46%	14.93%	5.90%	-11.75%	73.70%
Enterprise Value	22,177	27,536	22,721	20,114	18,722	19,767
PE Ratio	17.70	20.06	28.19	31.25	47.21	32.83
PS Ratio	1.53	1.90	1.55	1.32	1.43	3.64
PB Ratio	1.70	2.16	1.57	1.32	1.25	1.43
P/FCF Ratio	11.99	26.43	35.86	168.31	117.06	22.21
P/OCF Ratio	11.53	25.23	29.91	168.31	117.06	21.29
EV/Sales Ratio	1.61	1.96	1.67	1.44	1.55	3.67
EV/EBITDA Ratio	7.86	9.98	10.04	10.08	25.03	25.02
EV/EBIT Ratio	9.45	12.03	12.80	13.17	46.92	26.46
EV/FCF Ratio	12.61	27.29	38.64	184.53	126.50	22.36
Debt / Equity Ratio	0.10	0.14	0.17	0.17	0.18	0.14
Debt / EBITDA Ratio	0.45	0.60	1.00	1.18	3.24	2.41
Debt / FCF Ratio	0.72	1.65	3.83	21.92	17.19	2.15
Net Debt / Equity Ratio	0.09	0.09	0.14	0.15	0.15	0.13
Net Debt / EBITDA Ratio	0.39	0.38	0.81	1.05	2.79	2.27
Net Debt / FCF Ratio	0.62	1.05	3.13	19.27	14.10	2.03
Quick Ratio	1.50	2.87	0.20	1.37	1.59	0.02
Current Ratio	5.54	6.08	0.90	2.52	2.73	0.76
Asset Turnover	0.41	0.42	0.38	0.39	0.31	0.14
Return on Equity (ROE)	9.76%	9.10%	5.84%	3.34%	-1.23%	5.36%
Return on Assets (ROA)	4.35%	4.24%	3.13%	2.68%	0.64%	1.24%
Return on Invested Capital (ROIC)	12.54%	11.40%	7.82%	6.33%	2.49%	4.84%
Earnings Yield	5.73%	5.07%	3.69%	3.34%	2.16%	3.05%
FCF Yield	8.34%	3.78%	2.79%	0.59%	0.85%	4.50%
Dividend Yield	4.38%	3.65%	4.66%	5.26%	3.11%	2.81%
Payout Ratio	72.20%	65.63%	112.87%	75.49%	123.53%	180.44%
Buyback Yield / Dilution	4.37%	3.92%	1.40%	-	-509.35%	-64.35%
Total Shareholder Return	8.75%	7.57%	6.06%	5.26%	-506.24%	-61.53%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.