It Looks Like The CEO Of Protector Forsikring ASA (OB:PROT) May Be Underpaid Compared To Peers
Apr 05
Norwegian (OSEAX) Financials Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies51
- 7D-1.8%
- 3M-1.9%
- 1Y4.8%
- YTD-0.8%
Over the last 7 days, the Financials industry has dropped 1.8%, driven by DNB Bank declining 2.7%. Over the past 12 months, the industry was up 4.8%. As for the next few years, earnings are expected to grow by 2.5% per annum.
Sector Valuation and Performance
Has the Norwegian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | kr618.4b | kr249.2b | kr65.2b | 9.3x | 9.5x | 2.5x |
| Fri, 22 Mar 2024 | kr623.4b | kr249.3b | kr65.4b | 9.5x | 9.5x | 2.5x |
| Sun, 18 Feb 2024 | kr616.2b | kr264.1b | kr65.8b | 8.7x | 9.4x | 2.3x |
| Tue, 16 Jan 2024 | kr631.5b | kr297.0b | kr64.9b | 9.5x | 9.7x | 2.1x |
| Thu, 14 Dec 2023 | kr620.2b | kr297.0b | kr64.9b | 9.2x | 9.6x | 2.1x |
| Sat, 11 Nov 2023 | kr592.1b | kr296.6b | kr65.7b | 9x | 9x | 2x |
| Mon, 09 Oct 2023 | kr602.7b | kr287.1b | kr62.2b | 9.5x | 9.7x | 2.1x |
| Wed, 06 Sep 2023 | kr607.9b | kr286.6b | kr62.1b | 9.1x | 9.8x | 2.1x |
| Fri, 04 Aug 2023 | kr600.9b | kr284.0b | kr61.0b | 9.9x | 9.9x | 2.1x |
| Sun, 02 Jul 2023 | kr593.7b | kr220.5b | kr58.5b | 9.8x | 10.2x | 2.7x |
| Tue, 30 May 2023 | kr571.6b | kr220.3b | kr58.6b | 9.7x | 9.8x | 2.6x |
| Thu, 27 Apr 2023 | kr570.9b | kr175.4b | kr54.3b | 10.6x | 10.5x | 3.3x |
| Sat, 25 Mar 2023 | kr545.8b | kr174.7b | kr53.9b | 10.2x | 10.1x | 3.1x |
| Mon, 20 Feb 2023 | kr594.7b | kr174.0b | kr53.6b | 10.9x | 11.1x | 3.4x |
| Wed, 18 Jan 2023 | kr574.1b | kr175.7b | kr49.9b | 11x | 11.5x | 3.3x |
| Fri, 16 Dec 2022 | kr566.7b | kr175.7b | kr49.9b | 10.8x | 11.4x | 3.2x |
| Sun, 13 Nov 2022 | kr565.2b | kr175.5b | kr50.7b | 10.3x | 11.1x | 3.2x |
| Tue, 11 Oct 2022 | kr537.9b | kr183.5b | kr49.4b | 10.5x | 10.9x | 2.9x |
| Thu, 08 Sep 2022 | kr561.8b | kr183.2b | kr49.3b | 10.7x | 11.4x | 3.1x |
| Sat, 06 Aug 2022 | kr590.7b | kr182.7b | kr49.4b | 11.9x | 12x | 3.2x |
| Mon, 04 Jul 2022 | kr549.2b | kr227.5b | kr50.2b | 10.7x | 10.9x | 2.4x |
| Wed, 01 Jun 2022 | kr588.4b | kr224.9b | kr48.7b | 11.5x | 12.1x | 2.6x |
| Fri, 29 Apr 2022 | kr590.1b | kr267.8b | kr49.3b | 11.7x | 12x | 2.2x |
| Sun, 27 Mar 2022 | kr663.2b | kr270.7b | kr51.3b | 12.3x | 12.9x | 2.5x |
| Tue, 22 Feb 2022 | kr661.8b | kr271.2b | kr51.6b | 12x | 12.8x | 2.4x |
| Thu, 20 Jan 2022 | kr748.6b | kr264.4b | kr51.7b | 12.6x | 14.5x | 2.8x |
| Sat, 18 Dec 2021 | kr389.6b | kr210.0b | kr28.2b | 11.5x | 13.8x | 1.9x |
| Mon, 15 Nov 2021 | kr734.6b | kr261.2b | kr50.4b | 11.9x | 14.6x | 2.8x |
| Wed, 13 Oct 2021 | kr697.0b | kr267.5b | kr49.1b | 11.6x | 14.2x | 2.6x |
| Fri, 10 Sep 2021 | kr646.7b | kr267.5b | kr49.1b | 11.1x | 13.2x | 2.4x |
| Sun, 08 Aug 2021 | kr647.6b | kr267.2b | kr49.1b | 10.8x | 13.2x | 2.4x |
| Sat, 01 May 2021 | kr336.5b | kr227.9b | kr26.0b | 10.2x | 13x | 1.5x |
Price to Earnings Ratio
13x
Current Industry PE
- Investors are pessimistic on the Norwegian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.5x which is lower than its 3-year average PE of 11.5x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 3.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Financials sector?
| NO Market | -1.67% | |
| Financials | -1.77% | |
| Capital Markets | 0.90% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Insurance | -0.31% | |
| Diversified Financial | -1.93% | |
| Consumer Finance | -2.14% | |
| Banks | -2.25% | |
Industry PE
- Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 15.0x.
- Analysts are expecting annual earnings growth of 9.0%, which is lower than the prior year's growth of 19.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 136% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GJF Gjensidige Forsikring | kr167.00 | 2.3% +kr1.9b | -7.8% | PE20.6x | |
| STB Storebrand | kr97.85 | 3.8% +kr1.6b | 21.8% | PE12.9x | |
| PROT Protector Forsikring | kr226.00 | 3.7% +kr659.0m | 58.0% | PE12.5x | |
| HITV HitecVision | kr230.00 | 15.0% +kr569.0m | 15.0% | PE5.2x | |
| SPOL SpareBank 1 Østlandet | kr131.30 | 2.6% +kr379.9m | 6.9% | PB0.7x |
